Uganda’s automaker Kiira Motors Corporation (KMC) is banking on regional and international investors for its ambitious $2 billion automotive city, dedicated to driving local content in its manufacturing value chain.
According to a project summary seen by The EastAfrican, the private investors are expected to raise $1.43 billion or 72 percent of the $1,979,542,111 total investment. For its part, KMC will invest $540 million, half of which will be financed by equity and the other half by debt.
