Egyptian company opens a motorbike assembly plant in Uganda

UGANDA – Al Mansour, an Egyptian multinational conglomerate, has opened an assembly plant in Ntinda, targeting the motorbike taxi’s industry, reports New Vision. With taxes on vehicles now through the roof, most Ugandans have turned to motorbike taxi’s commonly referred to as Boda Boda. The boda boda industry is now attracting significant investment “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…

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