These are the enterprises NSE should be listing at its GEMS segment: East Africa’s first hybrid vehicle, the Kiira EV SMACK, which is being developed by Uganda, has gone on its maiden public exhibition in Kenya. The vehicle went on show at the Kenyatta International Convention Centre (KICC) in the capital Nairobi early Thursday. This is the first time the car goes on exhibition outside Uganda. Kiira Motors Corporation (KMC) – the Ugandan manufacturers of the car – recently told New Vision that it will be the region’s first sedan hybrid electronic vehicle.Paul Isaac Musasizi, the project’s chief engineer, said they need about $350m to set up the whole plant and start the actual manufacturing of cars. “We need to develop at least 19 model vehicles between now and 2018 before we can finally release our first car, entirely built in Uganda.” - New Vision
Posted on: Fri, 14 Nov 2014 11:14:57 +0000
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