COSASE Questions Kiira Motors Over Shs67.8 Billion Funding and Low Vehicle Production

Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has tasked Kiira Motors Corporation to explain its low production levels and failure to generate profits despite receiving substantial government funding.

Appearing before the committee, the corporation’s CEO, Paul Isaac Musasizi, was asked to account for Shs67.8 billion received in the 2024/2025 financial year, against which the company generated only Shs5.4 billion in revenue.

According to the Auditor General’s report, Kiira Motors had planned to manufacture 2,500 electric vehicles during the financial year but produced only five.

Musasizi attributed the low output to delays in the release of government funds, explaining that the vehicle assembly plant was completed and commissioned during the year under review. He also detailed how the funds were utilised and outlined the vehicle manufacturing process.

The committee, chaired by Muwada Nkunyingi, is expected to inspect the manufacturing plant to establish the corporation’s operations and account for its performance.