Rwanda set for first drone manufacturing plant
Charis UAS, a Rwandan drone technology firm has announced major investment into its drone manufacturing ambitions with the latest focus towards setting up the region’s first industrial drone manufacturing plant. The company’s Chief Executive Officer Eric Rutayisire joins CNBC Africa for more.
Wed, 27 Jan 2021 14:35:13 GMT
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AI Generated Summary
- Charis UAS announces plans to set up East Africa's first industrial drone manufacturing plant with significant investment over the next two to three years.
- Focus on producing high-quality industrial drones tailored for specific applications in sectors such as agriculture and energy to address market gaps in Africa.
- Commitment to job creation with initial target of employing around 100 high-skilled workers in the first year, while navigating regulatory challenges and attracting investment through partnerships with industry leaders like XM2 Speed.
Rwanda-based drone technology firm Charis UAS has unveiled ambitious plans to establish the region's first industrial drone manufacturing plant. In a recent interview with CNBC Africa, the company's CEO, Eric Rutayisire, discussed the significant investment being made to kickstart this initiative and revolutionize the drone market in Africa. The undisclosed amount of funding is expected to be substantial, with projections indicating tens of millions of dollars to be invested over the next two to three years.
Rutayisire expressed enthusiasm about the potential for locally made drones to address the current gap in the market and cater to various industries across the continent. The focus will be on producing high-quality industrial drones tailored for specific applications in sectors such as agriculture and energy. By manufacturing components in-country, Charis UAS aims to build local expertise and create skilled job opportunities to contribute to post-pandemic economic recovery.
Navigating regulatory challenges has been a key consideration for Charis UAS as they prepare to launch their manufacturing plant. Rutayisire highlighted the importance of working closely with regulators to ensure compliance with drone regulations in different African countries. Recent developments, such as Kenya's approval of drone regulations, signal a growing acceptance of drone technology in the region, encouraging companies like Charis UAS to forge ahead.
In terms of job creation, Charis UAS has set an initial target of employing around 100 high-skilled workers in the first year, including engineers, logistics professionals, and software developers. The company remains open to adjusting its workforce to meet evolving market demands and expansion opportunities beyond Africa in the future.
Rutayisire emphasized that Rwanda's proactive approach to drone legislation has benefited Charis UAS in attracting investors and building confidence in the company's operations. The CEO noted that clear regulatory frameworks enhance transparency and credibility, making it easier to secure funding for innovative ventures like drone manufacturing.
As Charis UAS enters a new phase of growth, Rutayisire revealed that the company is currently at the venture capital (VC) investment level, indicating a strong interest from investors in supporting their vision. The partnership with renowned aviation company XM2 Speed is expected to accelerate Charis UAS's manufacturing capabilities and leverage the expertise of industry leaders to drive success in the competitive drone market.
With a commitment to quality, innovation, and sustainable growth, Charis UAS is poised to make a significant impact on the drone industry in Africa and beyond. By pioneering the establishment of East Africa's first industrial drone manufacturing plant, the company is not only advancing technological advancement but also contributing to economic development and job creation on the continent.