Local News
Uganda gets boda boda plant
The boda boda industry is now attracting significant investment including Egypt’s Al Mansour who has opened an assembly plant in Ntinda.
With taxes on vehicles now through the roof, most Ugandans have turned to motorbike taxi’s commonly referred to as Boda Boda.
The industry is now attracting significant investment including Egypt’s Al Mansour who has opened an assembly plant in Ntinda.
“There is a 10% growth in the number of Boda Boda’s sold in Uganda every year. We anticipate that between 110,000 to 100,000 will be sold this year,” Ankush Arora, the Al-Mansour automotive chief operating officer said at the launch of the firm’s 30 motorbike plant and showroom.
He said that the firm is also looking to exploit the demand for motorcycles and spare parts in the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA) where Uganda has preferential market access.
Arora noted that the firm’s assembly plant in Ntinda, a Kampala suburb, brings the group’s investment in Uganda to $3m (about sh11b). He said that 90% of the motorbikes on Uganda’s roads are for the Boda Boda industry, 5% are driven for personal use and the rest are by government agencies and non-governmental organizations.
SOURCE:New Vision
