Business
UNIDO earmarks $1m for renewable energy
Publish Date: Jul 18, 2014
UNIDO earmarks $1m for renewable energy
Minister for Trade, Industry & Cooperatives Hon. Amelia Kyambadde. PHOTO/ Tony Rujuta
  • mail
  • img
newvision

By Patrick Jaramogi        

Poverty can be eradicated through inclusive and sustainable development, a senior UN official has said.

Jean Bakole, the United Nations Industrial Development Organisation (UNIDO) representative to the Africa Union and the Director of Regional office said UNIDO had earmarked funds to support Uganda start renewable energy for production.

“We have a $1m (sh2.5b). We are not here to invent a new will but to support the existing activities and to develop new activities to support the existing ones,” said Bakole.

He said UNIDO was in talks with Austria, Japan, India and China to raise funds for poverty reduction through productive activities.

He was speaking at a donor round table meeting with government and the and the private sector  held in Kampala on Thursday.

Trade minister Amelia Kyambadde attended the meeting.

Bakole said UNIDO will support Uganda to develop the energy sector. “It is only through energy provision that poverty can be addressed. If we don’t support people, they will continue cutting trees and hurt the environment,” he said. He said a section of the funds estimated to shoot to over $5m will also help in the utilisation of waste as a source of energy.

Kyambadde hailed UNIDO for the support and urged them to work with the private sector to see reality.

Dr. Maggie Kigozi, an entrepreneur and investment expert said the new initiative is relevant but emphasised the need for value addition on what already exists. “Let’s enable the micros to get market and if use this project to boost the production of renewable energy, we shall succeed,” she said.

Dr. Ben Mayindo the executive director, Uganda National Bureau of Standards (UNBS) called for the addressing of post- harvest losses as a means of boosting production.

Moses Ogwal, the director advocacy at the Private Sector Foundation Uganda (PSFU) urged UNIDO not to think too much on creating new initiatives but to improve on the existing ones.

“The initiative is good but let us improve on what we already have rather than creating new projects,” said Ogwal..

 

 
Related Stories

Govt focuses on renewable energy

Ugandans to use UNIDO software

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Ugandan workers less educated, poorly paid
MOST working Ugandans are only educated up to secondary level, work for 10 years, six days a week and earn at least sh403 per hour according to a wages survey...
Leaders for regional global business forum
THE Dubai Chamber of Commerce has invited 500 government and corporate officials to a forum that highlights key initiatives, which drive Africa’s promising economic future...
What it takes to keep a family business afloat
The family has been the beginning of many successful businesses world over. Global brands like Walmart, Samsung, Fiat and BMW grew from small family companies to become billion-dollar empires....
Declining tea prices blamed on poor quality green leaf
Tea farmers across the country have been asked to pick only the recommended green tea leaves so as to curb the decline of international tea prices....
More work still needed on Tororo-Pakwach railway line
Rift Valley Railways (RVR), the firm that has rail services concessionaire in Uganda and Kenya, says more work needs to be done for the Tororo-Pakwach railway to be fully operational....
Bunyoro advised to grow more coffee
Bunyoro Kitara Diocese Bishop, Nathan Kyamanywa has urged people in the sub-region to grow more coffee if they are to improve their household incomes and live better lives....
Should bride price be made optional?
Yes
No
Can't Say
follow us
subscribe to our news letter