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Foundation of Africrooze Uganda Ltd.

Foundation of Africrooze Uganda Ltd.

In June and July 2024, representatives of Africrooze GmbH and the FABIO organization undertook a major business trip to Jinja and Kampala to finalize the establishment of Africrooze Uganda Ltd. and prepare for market entry. This initiative aims to promote the use of e-bikes in Uganda and strengthen cooperation between German and Ugandan partners. Several important meetings and discussions took place during this trip, laying the foundations for the future development of the company. One of the highlights of the trip was a meeting with the German ambassador Matthias Schauer, who reaffirmed his support for the project and provided valuable contacts to potential investors. In addition, the partnership with the NGO FABIO, which holds 10% of the shares in Africrooze Uganda Ltd. as a co-founder, was intensified. Further discussions and agreements with local lawyers, potential investors and partners in the field of electromobility rounded off the trip. This report summarizes the key results and findings of the business trip and provides an outlook on the next steps for the successful establishment of Africrooze Uganda Ltd. in the Ugandan market.

EUROBIKE 2024

EUROBIKE 2024

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