Spear motors celebrates 40 years in Motor Vehicle Business

Monday September 22 2014

Ms. Wavamunno

Ms. Wavamunno, Speaker Rebecca Kadaga and Prof. Gordon Wavamunno share a light moment at the function. Photo by Faiswal Kasirye 

By Faiswal Kasirye

One of the leading car dealers spear motors on Friday marked 40 years in motor vehicle business.

Founded by renowned businessman Prof. Gordon Wavamunno and incorporated in 1973, Spear Motors first began by establishing its headquarters at the International conference Centre which was later moved to Udyam House and then Kitigum House along Jinja Road.

While delivering his speech at the company’s 40 years celebrations, the founder and Chairman, Spear Group of Companies Prof. Gordon Wavamunno asked government to provide equal opportunities to both local and foreign investors. He reitarated that government gives more incentives to foreign investors who end up exploiting Ugandans, yet local investors are not given due attention.

Prof Gordon Wavamunno also attributed the success of the business to God and to his wife, whom he says stood by him even in the hardest times of struggle. He then saluted his staff and commended them for the hard work, which he says has been the pillar of the copmpany's growth.

Speaker of Parliament and chief guest Rebecca Kadaga

Speaker of Parliament and chief guest Rebecca Kadaga is welcomed by Spear Motors group chairman Prof Gordon Wavamunno and his wife. Photo by Faiswal Kasirye

“We started from small in a small garage but have grown the business overtime mostly due to the perseverance and hard work of myself and my taff.” Wavamuno said.

Adding, “Today, we have the biggest motor vehicle dealership in the country. And probably the biggest in East Africa”.

He however scoffed at the members of parliament saying that,as investors, they always expect more from them (MPs) but they just end up disappointed by the greedy MPs and Ministers who do nothing in as far as developing this country is concerned.

The chief guest and Speaker of parliament Hon Rebecca Kadaga, promised to push for equal sharing of the investment opportunities available in Uganda, through parliament.

MS Kadaga commended Prof Wavamunno for providing employment to a good number of Ugandans and as well proving good training to equip them with skills that will enable them prosper in their lives even in future.