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Kiira Motors gets another global nod

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Dagmar Zwebe, the country representative for Global Green Growth Institute (GGGI), has pledged to support Kiira Motors Corporation’s (KMC) efforts to partner with global industry leaders to champion green mobility technologies in Uganda and Africa.

Accompanied on tour of the Kiira Vehicles Plant site in Jinja by Dr Abraham Muwanguzi from the National Planning Authority (NPA), Zwebe gave her nod of approval for the “great strides” Kiira Motors has made in offering homemade green mobility solutions for public transport in cities and urban centers in Uganda, the East African region and the African continent.

She said as GGGI moves to link KMC with possible international partners involved in electric vehicles manufacturing and funding, it is imperative for the government of Uganda to fast-track the development and implementation of a robust Automotive Industry Development Policy.

“We need an enabling policy environment to develop Uganda’s nascent automotive industry,” she stressed.

Already, GGGI is supporting the government of Uganda to pursue green economic growth and to mainstream green growth principles. GGGI received a grant of US$ 5,532,1791 from the European Union to implement a 36-month project aimed at greening Uganda’s urbanization and industrialization as part of the European Union’s Inclusive Green Economy Uptake Programme (GreenUP) financed under the 11th European Development Fund (EDF).

At Kiira Vehicles Plant site, Zwebe was received by a team of senior technocrats from the ministry of Science, Technology and Innovation (MOSTI) led by the director, Technopreneurship, Basil Ajer.

Others present were Arthur M. Makara, commissioner, ST&I Advancement and Outreach, Paul Okitoi, commissioner, Policy and Planning, Morris Ochen, assistant commissioner, Technology Uptake, Commercialization and Enterprise Development and Kiira Motors CEO, Paul Isaac Musasizi. 

The MOSTI team also conducted an on-the-spot tour of the plant site to update themselves on the progress of the construction works.

Ajer said MOSTI is facilitating local content participation across the automotive value chain by skilling Ugandans and supporting Ugandan innovators especially the youth. He thanked the National Enterprise Corporation (NEC) and the UPDF engineering brigade for the good quality construction works exhibited at the vehicles plant, which will be one of the biggest in Africa.  

Musasizi told the visitors that the immediate need for buses in Uganda can be addressed by KMC working with Luweero Industries Limited to produce eight buses per month with a single shift operation before the operationalization of the Kiira Vehicle Plant in Jinja.

Cabinet has since directed KCCA to procure the eco buses from Kiira Motors Corporation as a condition for approving the loan from African Development Bank.

He said that the ministry of Science, Technology and Innovation commissioned a multi-sectoral taskforce comprising members from the ministries of Science, Technology and Innovation; Works and Transport; Trade Industry and Cooperatives; and Finance, Planning and Economic Development.

“The taskforce has drafted the Regulatory Impact Assessment of the Automotive Industry in Uganda and the Automotive Industry Policy. The next stage is stakeholder consultations. The Policy’s goal is 20 per cent value addition in the automotive industry in Uganda by 2030, up from the estimated 0.18 per cent in 2019,” he stated.

Representatives from the newly created Jinja City, Charles Nampendho, the Senior Physical Planner, and Ernest Nabihamba, said plans are underway to construct and improve the road network to and from the plant. They commended KMC for producing the Kayoola electric buses, noting that sustainable mobility technologies was the way for public transport in cities and urban centers.  

Lt Col Wilbroad Muhwezi and Maj Eng Geofrey Kayima, who are overseeing the UPDF construction works at the plant, said the UPDF engineering brigade was building the Kiira Vehicles facility “with the heart of ownership”, since it is a professional people’s army.





Source – observer.ug

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Charles Mbire gains $1.2 million as stake in MTN Uganda rises above $51 million

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Ugandan businessman and MTN Uganda Chairman Charles Mbire has seen the market value of his stake in MTN Uganda surge above $51 million in just two days, as the share price in the leading teleco company increased by a single digit.

The single-digit bump in the share price caused the market value of Mbire’s stake to gain UGX4.42 billion ($1.24 million) in less than two days.

The million-dollar increase in the value of his stake came after Uganda’s largest telecom company delivered the country’s largest-ever IPO through the listing of 22.4 billion ordinary shares on the Uganda Securities Exchange (USE).

Upon completing the largest IPO in Uganda’s history, MTN Uganda raised a record UGX535 billion ($150.4 million) from the applications that it received for a total of 2.9 billion shares, including incentive shares.

As of press time, Dec. 7, shares in the company were trading at UGX204.95 ($0.0574), down six basis points from their opening price this morning.

Data gathered by Billionaires.Africa revealed that since the telecom company registered its shares on the Ugandan bourse on Mon., Dec. 6, its share price has increased by 2.5 percent from UGX200 ($0.056) to UGX204.95 ($0.0574) as of the time of writing, as retail investors sustained buying interest long after the public offering.

The increase in the company’s share price caused the market value of Mbire’s 3.98-percent stake to rise from UGX178.45 billion ($49.96 million) to UGX182.86 billion ($51.2 million).

In less than two days, his stake gained more than UGX4.42 billion ($1.24 million).

In a statement after the successful listing of MTN Uganda’s shares, Mbire said the IPO shows the confidence that Ugandans and other investors have in the company, its brand and strategic intent.

“We commend all the regulators for their support in our work to become a USE-listed company and to comply in a timely manner with the listing provisions of the national telecommunications operators’ license,” he said.

Steady but sure-MBIRE who is the biggest investor on Ugandas Stock exchange with stocks valued at more than $55 million is laughing all the way to the bank after MTN declared the latest dividend payout.He has steadily grown his business empire which is believed to be more that $350 million (debt free).

Steady but sure-MBIRE who is the biggest investor on Ugandas Stock exchange with stocks valued at more than $55 million is laughing all the way to the bank after MTN declared the latest dividend payout.He has steadily grown his business empire which is believed to be more that $350. ( debt free).

He is into communications-revenue assurance-cement-distribution-oil services-real estate-oil exploration and logistics.

Source: Billionaires Africa

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2-year-old dies at Arua hospital as nurse demands Shs 210,000 bribe

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A two-year-old child died at Arua Regional Referral hospital after a nurse, Paul Wamala demanded a bribe amounting to Shs 210,000 before carrying out an operation. 

The incident happened on Saturday, after Aron Nabil, a two-year-old child was referred to the hospital for an operation after he was diagnosed with intestinal obstruction, a medical emergency caused by a blockage that keeps food or liquid from passing through the small intestine or large intestine.

According to the relatives of the child, Wamala allegedly asked them to initially give him Shs 30,000 to buy medicines to commence the procedure. He however returned shortly asking for an additional Shs 180,000 from the relatives.

Emily Adiru, a resident of Osu cell, in Bazar Ward, Central Division, and a relative of the child says although they paid money to Wamala, he abandoned the child without carrying out the operation. According to Adiru, Wamala later refunded Shs 200,000 through mobile money, after she threatened to report him to the police.

“They told us this boy needs an operation which was supposed to be done in the morning on Sunday at around 7 am. They took him inside there, some doctor came from the theatre, he called one of us and said, we should pay Shs 70,000 for buying medicine to start the operation. We paid the Shs 30,000 [but] after paying the Shs 30,000, after some minutes, the same man came and opened the door and called us again, and told us we should pay another Shs 100,000. We also paid the Shs 100,000 and we thought it is finished. We were outside there waiting for our patient to come out [but] then this man came back again and said we should pay another Shs 80,000,” said Adiru.

Although the operation was later carried out after a 7-hour delay, the child didn’t make it, and relatives attribute the death to negligence. Miria Ahmed, a concerned resident wonders why such incidents have persisted at the facility which is supposed to service the citizens.

“Is the problem the hospital, is it the management or it is the human resource that is the problem in the hospital? A small child like this you demand Shs 210,000 for the operation? Well, if the money was taken and the operation is done, I would say anything bad but this money was taken and the small boy was abandoned in the theatre,” she said. 

When contacted Wamala refused to comment on the allegations. Dr Gilbert Aniku, the acting hospital director says that the hospital will issue an official statement later since consultations about the matter are ongoing.

Arua City resident district commissioner, Alice Akello has condemned the actions of the nurse saying she has ordered his arrest so as to set an example to the rest. The case has been reported to Arua regional referral hospital police post under SD reference No:05/30/05/2022.



Source – observer.ug

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Mexican president’s Mayan Train dealt new legal setback | Tourism News

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Activists say the planned tourist train will harm the wildlife and natural features of the Yucatan Peninsula.

Mexican President Andres Manuel Lopez Obrador has been dealt the latest setback to an ambitious plan to create a tourist train to connect the country’s southern Yucatan Peninsula.

On Monday, a judge indefinitely suspended construction on a portion of the project, known as the Mayan Train, saying the plans currently do not comply “with the proceedings of the environmental impact evaluation”.

The ruling follows a legal challenge by activists who said they were concerned the 60km (37 mile) portion of the train that would connect the resorts of Playa del Carmen and Tulum would adversely affect the area’s wildlife, as well as its caves and water-filled sinkholes known as cenotes.

The original plan for the disputed section was for an overpass over a highway, but the route was modified early this year to go through jungle at ground level.

The federal judge cited the “imminent danger” of causing “irreversible damage” to ecosystems, according to one of the plaintiffs, the non-governmental group Defending the Right to a Healthy Environment. In a statement, the group said that authorities had failed to carry out the necessary environmental impact studies before starting construction of the section.

Lopez Obrador had announced the ambitious project in 2018, with construction beginning in 2020. The roughly 1,500km (930 mile) cargo and passenger rail loop was presented as a cornerstone of a wider plan to develop the poorer states and remote towns throughout the about 181,000sq km (70,000sq mile) Yucatan Peninsula.

The railway is set to connect Caribbean beach resorts with Mayan archaeological ruins, with authorities aiming to complete the project by the end of 2023. The plan is estimated to cost about $16bn.

The project has split communities across the region, with some welcoming the economic development and connectivity it would bring. Others, including some local Indigenous communities, have challenged the project, saying it could not only disrupt the migratory routes of endangered species, including jaguars, tapirs and ocelots, but could also potentially damage centuries-old Mayan archaeological sites.

The National Fund for the Promotion of Tourism, the government agency overseeing the project, has said that it expects to “overcome” the latest challenge and that work should continue after an environmental impact statement is finalised. It said the Environment Ministry was currently reviewing its environmental application for the project.

For his part, Lopez Obrador has insisted the railway will not have a significant environmental effect and has accused activists of being infiltrated by “impostors”.



Source – www.aljazeera.com

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