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Simi Mobile Factory is Building Mobile Devices for Africa – Including the Solar-Powered Tablets for Uganda’s Upcoming Census.

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Simi Mobile Factory is Building Mobile Devices for Africa – Including the Solar-Powered Tablets for Uganda’s Upcoming Census. 

David Beecham Okwere, CEO, Simi Mobile Factory, talks to World Business Journal about the company’s striking expansion from a store to a mobile phone factory creating 2,500 units a day. 

Can you tell us about Simi Mobile’s development until today?

Simi Mobile’s journey began in 2016 with a modest retail store primarily focused on mobile phone sales. However, it was in 2019, driven by the surging demand for mobile devices, that we recognised the potential to enter the field of phone assembly. Equipped with vital market insights gained during a visit to a phone manufacturing facility in Ethiopia, we secured four acres of land here in Uganda.

With an initial $4 million investment, we acquired machinery, constructed facilities, provided training, procured materials, established critical infrastructure, and compensated our workforce.. 

Could you provide insights into your product lineup, capacity and the types of clients you serve?

Initially, our focus was on phones and smartphones but we have since diversified to include tablets, laptops, and other products operating across a spectrum of network technologies, from 2G to 4G so our users always stay connected.  Currently, we assemble 2,500 phones per day, with 70% going to  the domestic market and the remaining 30% exported to countries like Tanzania , Kenya and Morocco.

We serve both individual consumers and larger organisations such as the Uganda Bureau of Statistics (UBOS) currently preparing to use our solar-powered tablets to facilitate biometric data collection and data analysis during the upcoming population census.

Do you carry out work in the community? 

One notable initiative that exemplifies our commitment to impactful technology is the Ucasaf programme, a collaborative effort with the Uganda’s Communications Commission (UCC). which aims to benefit low-income households in rural villages. This began with a delivery of 1,000 tablets rising to 2,000 in the next order and 5,000 in the order after that, underscoring the program’s remarkable growth and its impact on communities.

What are Simi’s strategic growth plans for the future and how do you see your company’s role in shaping the African mobile market?

Simi Mobile’s strategic growth plans include expanding our workforce to 2,500 employees, increasing production capacity, and positioning Simi Mobile as a unique African brand in the mobile phone industry. Our goal is to become a source of pride for Africa, competing effectively with international brands while receiving essential support from the Ugandan government.

Uhome is Making Personal Tech for Ugandans and its East African Neighbours

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Uhome is Making Personal Tech for Ugandans and its East African Neighbours

Jiakun Wang, Co-Founder Uhome Holdings talks to World Business Journal about how tax incentives help boost the company’s competitive edge and the MiOne-maker’s ambitious export targets.

Please tell us about Uhome and how it came into existence.

Uhome was established in 2021 as part of the Tian Tang Group’s expansion strategy into Uganda’s growing ICT and electronics market. The group has had a presence in Uganda for over 22 years across 27 industries, operating in smartphones, tablets, home appliances, and supply chain solutions. 

We have three stores at the moment and plan to open two more in Arua and Mbale by year-end. We’re also launching some franchise stores soon. 

We made a $100 million investment in our cutting-edge Mbale facility which employs around 500 people and manufactures up to 2,500 MiOne smartphones daily. 

In October, we’ll expand into smartwatches and tablets, emphasising our commitment to local tech manufacturing and adjusting production based on market demand.

What sets the MiOne brand apart in terms of its technological characteristics?

With a decade-long presence in the Middle East, MiOne has gained recognition for its feature phones and smartphones. In our feature phones, we prioritise an extended battery life, offering up to 14 days of usage on a single charge.

As for our smartphones, the key differentiators lie in our commitment to customisation, addressing the specific preferences of our local customers. These devices come pre-loaded with social media apps tailored to the market. Additionally, we’ve made substantial improvements in battery capacity and camera features to enhance overall quality.

Can you provide details regarding the origin of components used in your phone and smartphone production?

We fully assemble our phones and smartphones in Uganda and plan to start manufacturing plastic components by the end of this year. As part of our commitment to contributing to the ICT development of the country and the knowledge economy, we aim to localise software component manufacture within the next four to five years.

Could you provide details about the skills program in partnership with Makerere University, aimed at enhancing youth employability?

We have established a skills programme in collaboration with Makerere University to bolster the employability of young talent. We offer internships to students about to enter the job market. The programme lasts three months and typically accommodates 5-10 students per cycle. We assess their performance during this period and select the most suitable candidates based on their achievements and potential.

Where are the primary export destinations for Uhome products?

At present, our primary export destinations include neighbouring countries such as Congo and South Sudan. However, we have ambitious plans to further expand our export reach, with Kenya and Tanzania as our targets this year. We are currently in discussions with our clients to finalize these agreements. It’s worth noting that approximately 15 to 20 per cent of our production is dedicated to meeting export demands.

What advantages and challenges characterize the manufacturing sector in

Uganda?

In the manufacturing sector, we benefit from various advantages, including tax incentives that bolster our competitive edge. Additionally, regional export-oriented policies within the East African Community (EAC) provide us with a favourable environment. 

However, we face competition from companies that import ready-made phones and possess stronger brand recognition in the local market. We are actively working towards enhancing our brand visibility and aim to capture a 40 per cent market share in the next three to four years.

Kagga & Partners’ Engineering and Management Solutions Bring Innovation to oil and gas, Hydro and Road Projects alike

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Kagga & Partners’ Engineering and Management Solutions Bring Innovation to oil and gas, Hydro and Road Projects alike

World Business Journal talks to Eng. Abdu Kagga, Chairman of Kagga & Partners (KAGGA), about his company’s growth from house painting to an international engineering consulting firm working across the infrastructure spectrum.

Could you please provide an overview of Kagga & Partners (KAGGA) company, including your company’s beginnings? 

I founded our company in 1974 when I was 30. We initially carried out modest projects such as house painting. However, during a period of political instability, we had to interrupt activities and relocate temporarily to Nairobi. Upon my return, in 1980, I reestablished KAGGA with a primary focus on water-related projects. This was driven by our recognition of their vital importance to local communities. However, as time evolved, so did our expertise. We diversified our portfolio, offering a wider range of engineering and management solutions across various sectors. Our transformative journey to becoming a prominent consulting firm has been characterised by resilience and adaptability.

Can you provide insights into the ongoing projects currently undertaken by your company? 

Our company is currently involved in a diverse array of projects spanning various sectors. 

In the oil and gas domain, we are engaged in the Kingfisher project, overseeing the construction of well pads and infield roads. 

In road construction, our attention is on the extensive Tororo—Mbale—Soroti—Lira—Kamdini Road Corridor, covering a distance of 340 km. 

Within the energy sector, our efforts are directed toward implementing the Resettlement Action Plan (RAP) and related services at the Isimba Hydropower Project, among other initiatives.

Could you please elaborate on your international collaborations and their significance? 

Beyond Uganda, we are actively contributing to projects in Mombasa, Tanzania, Djibouti, Ethiopia, and South Sudan, particularly in the construction of roads, water supply systems, and a One-Stop Border Post (OSBP), the new concept for immigration control and border management in the East Africa region. 

Additionally, we are engaged in Somaliland for the development of the Hargeisa Bypass Road project. Fostering international partnerships has played a crucial role in our company’s growth. A prime illustration of this is our collaboration with Acres International (now Hatch) in which we became involved in a number of ambitious hydropower projects, including the Owen Falls Hydro-Power Extension Project. Collaborating with Tullow Oil, Uganda, gave us the opportunity to take part in the dynamic oil and gas sector. 

These partnerships go beyond mere cooperation; they’re a conduit for knowledge exchange, enhancing safety standards and stimulating our collective progress in the competitive global landscape. We’re not just working together; we’re forging stronger bonds with international and regional allies, shaping industries, and innovating for the future.

What is your vision for the company in the coming three to five years?

 I cannot predict the future, but over the past two decades, I have been less involved in the day-to-day operations, and I can tell you we have a robust succession plan in place. We also aim to consolidate our existing operations rather than pursue extensive expansion.

Kyagalanyi Coffee: A Journey through Uganda’s Coffee Sector

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Kyagalanyi Coffee: A Journey through Uganda’s Coffee Sector

World Business Journal talks to Jeremy Mpalampa, General Manager of Kyagalanyi Coffee, about what makes Ugandan coffee special, adapting to ever-changing global taste, market and regulatory requirements. 

How did Kyagalanyi Coffee get started?

Kyagalanyi Coffee, a subsidiary of the Swiss-based Volcafe, was created in 1992 during Uganda’s coffee market liberalisation. Pioneers in the field, we secured an early coffee export licence, initially focusing on central Uganda. This endeavour led to the establishment of our facility in Bugolobi. During this period, Uganda began exporting 2.5 to 3 million coffee bags a year. The market’s opening allowed private entities like ours to participate in exports, marking the start of our pivotal role in Uganda’s ever-evolving coffee sector.

Obura Peter
Volcafe – Kyagalanyi
Kampala, Uganda

How many countries does the company export to and what is your current market share?

Our central facility at Kampala Industrial and Business Park, Namanve, became operational in 2015 and today we export to over 33 countries. Our export volumes have risen to approximately 500,000 to 800,000 bags annually, constituting about 10 to 12% of Uganda’s total coffee exports.

What key qualities and characteristics set Ugandan coffee apart in the global market?

Ugandan coffee’s distinction lies in the fact that both Arabica and Robusta bean varieties offer unique flavours when grown at our higher altitudes, varieties. For instance, Robusta from the central region has a softer, less harsh profile with prominent dark chocolate notes, while high-altitude Arabicas like those from the Bugisu region or the Eastern and Western parts of the country, showcase diverse flavour profiles from citric and fruity to distinct chocolate. The unusual coexistence of both Robusta and Arabica crops within the same origin provides a continuous coffee flow, making Ugandan coffee unique in consistency and diversity.

Are there any shifts in preferences and demands both locally and internationally?

Yes. Customers are demanding both higher quality and responsibly sourced coffee. They seek transparency regarding the origin and production of their coffee, with a particular focus on traceability and sustainability. These are central to our approach. 

Additionally, the popularity of specialty-grade Ugandan coffee is growing, emphasising its unique traits. To meet these demands, we have enhanced processing techniques and farmer training. Traceability and sustainability are central to our approach, aligning with global coffee consumption trends.

Alum Maureen
Volcafe – Kyagalanyi
Kampala, Uganda

How is Kyagalanyi Coffee addressing the EU deforestation regulation and ensuring competitiveness in the European market?

Compliance with the EU Deforestation Regulation is crucial for exporters like us. From December 2024, all coffee entering the EU must have enhanced traceability and documentation confirming that it does not come from areas deforested since 2020. Non-compliance can incur substantial fines. We are actively engaged in industry-wide efforts, seeking solutions and partnerships to ensure adherence to these stringent requirements.

How is the company strategically positioned to remain competitive in the international market?

To address this challenge, the coffee industry is collectively adapting its supply chain to comply. We are actively involved in seeking solutions, including expanding traceability and sustainability programs with cooperatives and forming partnerships with organisations. While we have Rainforest Alliance certification for some of our exports, this represents only a portion. It’s evident that the industry must swiftly align with compliance requirements.

Q7: As we conclude, could you provide insights into the company’s upcoming strategies for the next 12 months, including those geared towards enhancing value?

We’re targeting exports of 600,000 bags and investing to enhance drying and bagging efficiency in our production lines. In terms of value addition, we’re expanding our existing brand, Big Gorilla, and introducing a new brand for the domestic market, Volcanic Republic, a blend of Robusta and Arabica finely crafted to suit diverse local taste preferences. 

Our unwavering commitment remains centred on delivering top-tier coffee quality while prioritising sustainability and traceability across our supply chain.

Supporting Oil and Gas Extraction in Uganda

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Supporting Oil and Gas Extraction in Uganda

World Business Journal talks to Geoffrey Bihamaiso Baitwa, Group Managing Director of BRO Group, covering the company’s evolution from a logistics provider to Ugandans overseas to a major player in the Ugandan oil and gas exploration support sector. 

How has BRO Group evolved since its inception as Threeway Shipping?

In 1991, Threeway Shipping launched in the UK, offering Ugandans door-to-door repatriation logistics services and pound-to-shilling forex and money transfer. 

We initially transported goods by air to Africa but transitioned to shared container sea freight via Mombasa when this got too expensive. 

In 1996, we introduced an import-export service between Uganda and Mombasa to meet regional demand. 

In 2002, we founded Threeways Distribution and Transtrac, providing light and heavy transportation services before undertaking a 2019 corporate restructuring. This consolidated ownership into a holding company called the BRO Group.

How many trucks are currently in BRO Group’s fleet?

As of 2023, we have 70 heavy or light trucks and 20 to 30 lifting equipment units. 

What are some of BRO Group’s ongoing engagements and projects?

Our presence is expanding significantly due to the resurgence of the oil and gas sector and we aim to capture up to 50 per cent of this business.

BRO Group has developed a new strategy, leveraging experience, value, and comprehensive turnkey solutions. We target infrastructure development and essential drilling services support for projects as these usually have a lifespan of up to seven years. 

As a result, we have won several new contracts including the Tilenga and Kingfisher projects, collectively valued at over $40 million. 

Does BRO Group have any ongoing partnerships or expansion initiatives?

We formed a JV with Grindrod Africa Logistics Mauritius and will together handle the surplus workload from our successful bids, enabling us to take on more work.

Is the group involved in any projects outside of the oil and gas sector?

We are pursuing projects in mining and are in discussions to provide solutions to a Chinese company we have previously worked with in Karamoja. These are related to clinker mining.

What are the latest technological deployments enhancing BRO Group’s operations?

We offer clients interactive technologies so clients can track their shipments in real time and access information about their cargo integrity.

How does BRO Group envision its emerging role in the logistics industry?

Through our offices in Tanzania and Kenya, we are strategically positioned to capitalize on regional developments in energy and mining, maintaining a special focus on oil and gas. 

We also prioritize nurturing partnerships, such as the one we have with the South African company.

Looking ahead, what is the broader vision and trajectory that BRO Group aims to follow?

In addition to supporting energy and mining, we aim to re-engage in import-export services and door-to-door delivery.

Over the next two years, we plan to invest between $6-7 million (out of a total investment of $9 million) in a cargo terminal in Hoima. Groundbreaking is scheduled for this year, with the first phase set to be completed by the end of Q4. 

Ultimately, BRO Group aims to become a listed company within five years.”

Tackling Uganda’s $1.1 Billion Cattle Tick Emergency with a Novel Vaccine Solution

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Tackling Uganda’s $1.1 Billion Cattle Tick Emergency with a Novel Vaccine Solution

World Business Journal talks to Stephen Birungi, Managing Director of Alfasan Uganda and Dr. Margaret Saimo-Kahwa, Makerere University, Principal Investigator and Lead Researcher of Uganda’s Anti-Tick Vaccine Development Initiative. They discuss how the government, private sector and scientists came together to establish Alfasan Uganda’s veterinary pharmaceuticals factory and create Africa’s first anti-tick vaccine. This promises an effective and efficient solution to the cattle tick menace in Uganda and beyond. 

Mr Birungi, what were the key factors leading to the establishment of the veterinary factory in Uganda, and how did this come to fruition?

We founded Alfasan Uganda in response to the exorbitant costs associated with imported veterinary drugs, chemicals, and feed products. The emergence of new competitors from China and India intensified the competition, rendering the existing business model unsustainable. 

My background as a veterinarian, coupled with prior involvement with a Dutch drug manufacturing company operating in Africa, encouraged me to formulate an ambitious 20-year plan aimed at shifting Uganda from import dependence to domestic production. 

This plan garnered significant support, with the Dutch government contributing a $1 million grant and the Uganda Development Bank (UDB) adding another $1 million to establish the factory. Furthermore, the Ugandan government, including the Ministry for Science, Technology, and Innovation (STI), provided financial backing. 

How did the partnership between Alfasan and Makerere University’s CoVAB unit come about?

HE President Museveni laid a foundation stone on the Alfasan factory in 2013. He subsequently took a keen interest in the project and suggested collaborating with Makerere University to advance the anti-tick vaccine initiative developed at CoVAB. 

Alfasan engaged with the researchers and started a successful initial vaccine batch production of 300 doses which is currently in the second trial phase. This is expected to span six months, after which we plan to apply for permission from the National Drug Authority (NDA) to produce vaccine batches, which we anticipate will be ready by September or October.

Subsequently, Alfasan will align the factory with the highest global manufacturing standards.

What sets Africa’s first anti-tick vaccine apart, and how does its unique functionality and affordability contribute to its breakthrough status?

Priced at only $4 per dose, representing only about 6% of farmers’ long-term costs, our anti-tick vaccine offers a cost-effective solution to tick-related challenges. 

Unlike less effective alternatives, farmers only need to administer two initial doses and an annual maintenance dose to livestock, providing a practical and economical solution. Moreover, the anti-tick vaccine tackles tick acaricide resistance with an environmentally friendly alternative, complementing other efforts to control ticks and tick-borne diseases.

Dr. Saimo-Kahwa, how does TicVac-U work against tick-borne diseases, and how effective is it?

TicVac-U kills both adult and developing ticks while reducing egg production. In stall experiments at CoVAB, the vaccine demonstrated 92% effectiveness against R. appendiculatus ticks responsible for transmitting East Coast fever (ECF) and 53% effectiveness against R. decoloratus ticks responsible for transmitting Babesiosis. It holds significant potential for protecting Uganda’s cattle population against these diseases.

What economic benefits will the TicVac-U vaccine bring to cattle farmers and Uganda as a whole?

Tick-borne diseases cost Uganda $1.1 billion annually. By substantially reducing the incidence of these diseases through vaccination, TicVac-U can lower mortality rates, boost livestock productivity, and reduce spending on disease management. This not only enhances cattle farming profitability but also contributes to the country’s overall economic growth by increasing agricultural output and minimising healthcare costs associated with tick-related illnesses.

May we ask you both about the impacts of the success of the TicVac-U vaccine?

The success of the anti-tick vaccine has spurred collaborations and progress in vaccine innovation. 

Despite challenges such as high interest rates, a proactive approach to supportive policies, knowledge transfer, and collaboration is reshaping Uganda’s vaccine industry and attracting investor interest. 

The team is also partnering with Malaysian experts to address specific challenges affecting local farmers. 

Additionally, our success has propelled advancements in human vaccines, leading to the launch of a new unit focused on COVID vaccine production using a subunit method [using purified parts of the pathogen to create a protective immune response]. This not only addresses immediate concerns but also strengthens Uganda’s capacity for vaccine manufacturing.

How did the veterinary factory overcome initial obstacles?

Alfasan surmounted initial funding challenges through partnership-driven solutions, relying on Dutch government grants and UDB loans. Government vision and support fortified our resolve amid technical and regulatory challenges. Persistence and compliance were pivotal, demonstrating the power of collaboration in conquering obstacles.

This to both of you: what role has partnership played in advancing vaccine development in Uganda?

The collaboration between government, scientific institutions, and the private sector has played a vital role in driving vaccine innovation, effectively addressing agricultural challenges, and paving the way for new developments. This includes the forthcoming introduction of an innovative vaccine unit.

BRICS Consortium Expands, Potentially Shifting Global Dynamics

BRICS Consortium Welcomes New Members, Marking a Potential Global Shift

Argentina, Egypt, Ethiopia, Iran, U.A.E., and Saudi Arabia Join BRICS, Membership Effective from January 1, 2024.

Johannesburg, Aug. 24, 2023 – During the ongoing summit in Johannesburg, the BRICS (Brazil, Russia, India, China, South Africa) consortium has made a significant announcement, extending invitations to Argentina, Egypt, Ethiopia, Iran, the United Arab Emirates (U.A.E.), and Saudi Arabia. The decision underscores the consortium’s commitment to recalibrating global dynamics, potentially heralding a transformation on the international stage.

Starting from January 1, 2024, these new additions will officially become part of the BRICS alliance. Collectively, the BRICS nations represent a considerable economic and demographic force, accounting for approximately 32 percent of the global GDP and encompassing around 40 percent of the world’s population. The expansion aims to promote a more balanced global order by broadening the alliance’s membership to include a diverse range of economies, promoting inclusivity and collaboration in international affairs.

Of particular note is Iran’s inclusion, a nation with complex relationships among major global actors. This move highlights the influence of specific member states within the BRICS consortium and introduces new dimensions to the intricate global geopolitical landscape.

Beyond its geopolitical implications, this expansion enhances the BRICS alliance’s economic strength and supports the diplomatic objectives of specific member states. By embracing nations like Saudi Arabia, which boasts diverse global affiliations, the BRICS consortium signals its intent to cultivate versatile and dynamic partnerships.

Divergent viewpoints regarding the expansion have emerged among members at the summit. While some countries exercise caution to protect their existing roles, others underscore the consortium’s commitment to inclusivity and cooperation.

As the BRICS alliance prepares to welcome new members, its growing impact gains momentum. This expansion may potentially reshape the global stage and introduce innovative models of global power and cooperation. With their substantial combined economic clout and notable population shares, the BRICS nations, together with the incoming members, hold the potential to steer international discourse and shape the course of global affairs effectively.

Uganda Unveils Digital Transformation Roadmap to Propel Technological Progress

On the 17th of August, a significant stride was taken towards Uganda’s digital evolution as the Ministry of ICT and National Guidance (MoICT&NG), in collaboration with the United Nations Development Programme (UNDP), introduced the much-anticipated “Digital Transformation Roadmap for Uganda.” This roadmap stands as a pivotal implementation tool aimed at realizing the objectives of the Digital Uganda Vision, propelling the nation into a digitally connected and prosperous future.

The newly unveiled Digital Transformation Roadmap serves as a blueprint for executing enabling policies and laws that will propel Uganda’s Digital Revolution forward. This strategic framework sets the stage for a well-connected Uganda, poised to harness the opportunities offered by a myriad of cutting-edge technologies.

Uganda’s Information and Communication Technology (ICT) sector has emerged as a formidable force, contributing significantly to the nation’s Gross Domestic Product (GDP). With a notable 9% share of the total GDP, this sector has not only bolstered the country’s revenue but has also provided livelihoods to approximately 2.3 million individuals. This remarkable achievement can be attributed to a collaborative effort between the Government and private entities, encompassing initiatives spanning from expanding infrastructure coverage to developing diverse e-services.

While the field of information and communication services has maintained an average growth rate of 14.8%, it is worth noting that segments like computer programming, ICT trade, and manufacturing have shown comparatively modest contributions to overall growth.

Uganda’s Digital Transformation Roadmap

Digital Uganda Vision 2040: Aligned with Uganda’s ambitions to transition from an agrarian society to a modern, prosperous nation within the next three decades, the Government, guided by the Ministry of ICT and National Guidance, introduced the Digital Uganda Vision (DUV). This visionary strategy aims to empower Uganda digitally through a meticulously crafted roadmap. The development of the DUV took into account a spectrum of national cyber-related laws, regulations, policies, and strategies, drawing from sources like the NRM Manifesto, post-2014 ICT-related laws, Uganda Vision 2040, and National Development Plan III.

Notably, the DUV seamlessly integrates with global, continental, and regional commitments. This integration encompasses progress towards the Sustainable Development Goals, the Africa Agenda 2063, and the East Africa Vision 2050.

Pillars of Digital Transformation: Central to the Digital Uganda Vision are five foundational pillars that guide Uganda’s trajectory towards becoming a modern and prosperous nation by 2040:

  1. Digital Infrastructure and Connectivity: Establishing an integrated digital infrastructure to meet present and future demands, enhancing nationwide digital connectivity.
  2. Digital Services: Focusing on delivering information and data across platforms, this pillar drives the development and implementation of citizen-centric e-services.
  3. Cybersecurity and Data Protection: Ensuring secure digital environments and safeguarding personal data against unauthorized access.
  4. Digital Skills: Emphasizing digital literacy, skill development, and workforce readiness for emerging technologies.
  5. Innovations and Entrepreneurship: Stimulating local ICT enterprises and commercializing indigenous innovations.

Navigating the Digital Transformation Roadmap: The Digital Transformation Roadmap serves as the operational guide that translates the Digital Uganda Vision into action. Aligned with each pillar, this roadmap outlines specific interventions aimed at achieving the vision’s goals. It spotlights key areas, from enhancing digital infrastructure to expanding e-services, bolstering cybersecurity, and nurturing digital skills.

Addressing challenges and limitations across domains such as internet penetration, broadband coverage, cybersecurity safeguards, and industry skills, the roadmap envisions a digitally empowered society with significant outcomes anticipated within the designated timeframe.

Looking Ahead: The Digital Transformation Roadmap paints a promising picture of Uganda’s role in the global digital economy. With steadfast progress across diverse indices, Uganda is poised to secure its position in the digital age. The full Digital Transformation Roadmap document is accessible for further exploration: Uganda Digital Transformation Roadmap.

Accelerating Uganda’s Industrial Vision: Insights from the 4th Bi-Annual CEO Retreat

Jinja, Uganda – The 4th Bi-Annual CEO Retreat, skillfully organized by the Presidential CEO Forum (PCF), concluded with resounding success, bringing together influential stakeholders to delve into Uganda’s industrialization agenda. Themed ‘Uganda’s Industrialisation Agenda: Positioning Uganda as a net source of E-Mobility Solutions in Africa,’ the CEOs gathered to reflect on achievements and plan for the future. The retreat, held at the illustrious Kiira Vehicle plant in Jinja, provided an exclusive platform for participants to explore the vast potential for transformative growth in the country’s industrial sector.

Picture Credits: PCF

At its core, the retreat highlighted the impressive Kiira Motors Vehicle plant, showcasing state-of-the-art facilities that will encompass an Assembly Shop, Plant Offices, Power and Water Distribution Systems, Waste Management Facilities, Perimeter Fence and Gate Facilities, Drainage System, and Whole Vehicle Test Facilities. This cutting-edge infrastructure undeniably reflects Uganda’s unwavering commitment to nurturing a robust e-mobility sector.

A pivotal focus of the retreat was the plant’s aspiration to source 90% of its components locally, symbolizing Uganda’s strategic emphasis on indigenous procurement. Prioritizing domestic sourcing is expected to stimulate value addition and unlock the full growth potential of the burgeoning e-mobility sector. This forward-thinking approach is set to bolster the nation’s economy, propel job creation, and establish a self-reliant and sustainable manufacturing ecosystem.

During the retreat, President Museveni made significant announcements, disclosing visionary plans for the establishment of two new cement factories in the Karamoja region, facilitated by a private company. These factories hold transformative potential, not only in cement production but also as crucial hubs for clinker manufacturing, a vital raw material in cement production. Currently, Uganda heavily relies on clinker imports from UAE, Kenya, and India, as evidenced by Volza’s Uganda Import data, which recorded imports reaching 1.8K. The decision to establish these factories aligns seamlessly with Uganda’s overarching vision of reducing reliance on foreign sources and fostering self-sufficiency.

Beyond its industrialization focus, the distinguished Presidential CEO Forum (PCF) Retreat cultivated an atmosphere of collaboration and dedication, uniting both the government and private sector in purpose. This synergy among participants lays a robust foundation for a transformative journey towards sustainable economic growth and technological advancement.

UAE Unveils New Federal Ministry of Investment to Enhance Economic Strategy and Global Competitiveness

The United Arab Emirates (UAE) has revealed plans to establish a new federal ministry of investment aimed at developing the country’s investment strategy both domestically and globally. This initiative comes in response to increasing economic competition from neighboring nations in the Gulf region.

As Gulf states heavily rely on revenue from hydrocarbons, they are actively seeking ways to diversify their economies and income sources. Among the Gulf states, the UAE is considered one of the most advanced, having successfully developed sectors such as financial services and tourism. The country has also implemented crucial social and business reforms to attract foreign investment.

Sheikh Mohammed chairs the Cabinet meeting at Al Watan Palace in Abu Dhabi. Photo credit: Gulf Today, Staff Reporter

Sheikh Mohammed bin Rashid al-Maktoum, the UAE’s prime minister and ruler of Dubai, took to Twitter to announce the plans after a cabinet meeting. He further shared that Mohammed Hassan Al Suwaidi would assume the role of investment minister, although no additional details were provided at this time.

The objectives of the new ministry include stimulating the investment environment within the UAE and making legislative and procedural enhancements to increase competitiveness in attracting global investment. Additionally, the UAE will establish a Financial Stability Council to monitor risks and effectively handle financial crises, aligning with its goal of becoming a prominent global financial center.

Earlier this year, Sheikh Mohammed launched an ambitious 10-year economic plan called D33, which aims to double the size of the UAE’s economy and establish Dubai as one of the world’s top four financial centers within a decade.

According to the 2022 Financial Times “fDi Markets” report, Dubai attracted an estimated $12.8 billion in foreign direct investment capital in the previous year. In comparison, Saudi Arabia received approximately 30 billion riyals ($8 billion) in foreign direct investment, based on data from the Saudi investment ministry.

Furthermore, the UAE cabinet has approved an updated national energy strategy, highlighting the government’s commitment to energy security and sustainability.

These initiatives, including the establishment of the new federal ministry of investment, underscore the UAE’s determination to maintain its position as a leader in economic diversification, global investment attraction, and financial stability within the Gulf region