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Parliament's Presidential Affairs Committee has recommended for the provision of additional funds worth sh134.14b to fund Kiira Motors Corporation (KMC).

The recommendation submitted to the Parliament budget committee chaired by Patrick Isiagi (Kachumbala County) on Wednesday January 24, 2024 indicated that the entity asked for sh166.64b to operationalise the Jinja electric vehicle plant, but only sh32.5b was availed in the next financial year 2024/25 budget.

Appearing before the committee Dr. Monica Musenero, Minister of Science, Technology and Innovation also requested for additional funds including; sh37b needed for the establishment of an Innovation Fund, sh44b for the establishment of a Science Park and sh29.83b required for the pathogen economy (manufacture of various vaccines).

Parliament is set to consider the 2024/25 National Budget Framework Paper during the Thursday plenary sitting.

Government in April 2018 approved the roadmap for the Kiira Vehicle Plant. Government allocated 100 Acres of land at the Jinja Industrial and Business Park.

Kiira Motors Corporation is a State Enterprise established to champion value addition in the nascent Motor Vehicle Industry in Uganda through Technology Transfer, Contract Manufacturing and Supply Chain Localization.

This strategic intervention is poised to contribute to the industrialization agenda envisaged to aid the transformation of Uganda into an upper middle-income economy by 2040.

KMC is developing long-term technology partnership(s) to build core capabilities to Develop, Make, and Sell motor vehicles and components in Africa on a Mission to build a better Uganda through Automotive Technology.