Uganda to build its first car plant

By mahlokoane percy ngwato

Uganda is set to build its first ever automobile assembly plant. This comes as part of an agreement with China, which will also see the construction of a dedicated industrial park.

The $600 million park, in Kapeeka, Nakaseke district, will host up to 50 industries and will cover nearly five kilometres once it becomes fully operational in 2020. The Uganda Liao Shen Industrial Park is a venture co-invested in and managed by Zhong Da Group and Zhang’s Group. Zhang Hao is the chairman of Future Electronic Co. Ltd.

According to the park’s investment manual, infrastructure construction will be complete by the end of the year to pave the way for the first 10 enterprises. These will include an automobile assembling, electronics, tools and machinery, agro-processing, beef processing and packaging and animal feeds processing plants.

RELATED: How M2M can disrupt the automobile sector

The first phase of the park construction will cover 2.6 square kilometres of the 4.6 square kilometres available for the project. It is estimated that 10,000 direct jobs will be provided.  

According to Uganda’s President, Yoweri Museveni, the development of the park will speed up the industrialisation processes of Uganda, while creating jobs and widening the country’s tax-base.

He said: “Ugandans are used to traditional industrial towns, but my task is to teach you the importance of industrial parks. China has industrial trading towns, which produce more value products and employ more.”

Stay Connected! Follow @AfricaBizReview and @MrNLon on Twitter. Like our Facebook Page.

Read the December Issue of African Business Review.

SOURCE: [New Vision

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy