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
Microsoft launches free Windows 10 upgrade
Microsoft’s latest version of Windows operating system is finally here.The long-time leader in PC software launched its much-awaited Windows 10 on Wednesday in Nairobi Kenya....
Barclays bank says net profit jumps 43% in first half
Barclays increased net profits by 43 percent in the first half of the year, the troubled British bank announced on Wednesday....
Egypt promises more investments in Uganda
The Egyptian government recently offered Uganda a team of experts in modern water harvesting and deforestation in a move aimed at increasing domestic water supply...
Dollar under pressure on China equity rout concerns
The dollar recovered slightly against the yen Tuesday, although gains were limited as investors remain on edge after a sharp plunge in Chinese markets hit risk sentiment, but the euro was supported by upbeat German data....
Determination has enabled Mabirizi live his farming dream
Jackson Mabirizi says his love for farming is inborn and he has been growing Irish potatoes for 15 years. When you go to Bweyongede village in Mubende district and ask Mabirizi, the all village knows him as Mr. Irish....
Farmers asked to practice “climate smart agriculture”
Experts Monday asked farmers to use fertilizers and improved seeds and engage in climate change friendly practices to improve production....
Should faith based organisations be registered as Non-government organisations?
Yes
No
Can't Say
follow us
subscribe to our news letter