Kiira Motors Corporation

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Location

Uganda

Sector

Transport & Logistics

Stage

Pre-feasibility

Overview

Uganda’s urban transport depends on fossil-fuel minibuses and motorcycles, driving congestion and emissions. E-Bus Xpress, a Kiira Motors spin-off, operates seven e-buses in Jinja and plans expansion to Kampala and secondary cities. GGGI supports by creating business models, financing strategies, and stakeholder engagement to overcome barriers. The project promotes SDG 11 (Sustainable Cities) and SDG 13 (Climate Action), reducing emissions and improving air quality. Activities include economic modelling, investor mobilisation, and capacity building, leveraging green finance tools and partnerships with government and city authorities.

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Investment Needs

$400 000 000

Investment Project Type:

Public

Invested Value to Date:

$40 000 000

Funding Gap:

$400 000 000

Climate Classification:

Mitigation

Why Investing

Strong Market Potential

Rapid urbanization and government prioritization of e-mobility create a large demand for clean public transport.

Policy Incentives

Tax breaks, VAT exemptions, and local content targets (65% by 2030) reduce operational costs and enhance profitability.

Climate and Social Impact

Projected reduction of 450,000 tCO₂-eq per year, creation of 6,000 green jobs, and improved air quality and public health.

Financial Innovation

Integration of green bonds and carbon markets offers new revenue streams and risk mitigation

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Philip Muwanika

Team Lead E-Bus Xpress