BIDCO is investor of the year
Nov 27, 2005
BIDCO Uganda has dislodged Stanbic Bank as this year’s investor of the year.<br>The cooking oil investor won a Golden Award from Uganda Investment Authority (UIA).
By David Muwanga
BIDCO Uganda has dislodged Stanbic Bank as this year’s investor of the year.
The cooking oil investor won a Golden Award from Uganda Investment Authority (UIA).
The UIA chief, Dr Maggie Kigozi, said BIDCO had successfully set up a modern agro-processing plant worth $28m (sh52b) with a production capacity of 300 metric tonnes of cooking oil daily just after 12 months.
The 300 metric tonne capacity is expected to be increased to 500 soon.
“The company has invested $170m and created employment for 517 Ugandans in a very short time, contributing to poverty reduction in Kalangala and Jinja,†Kigozi said on Friday at the colourful award ceremony at Speke Resort Munyonyo.
Dr Louis Kasekende, the Bank of Uganda deputy governor, the central bank’s spokesman Juma Walusimbi and Uganda Revenue Authority’s boss, Allen Kagina were among the top officials who attended the ceremony.
Kigozi said BIDCO had maintained good environmental practices by installing an affluent treatment plant and improved domestic cooking oil production and soap that are being sold to the Great Lakes region.
“The company has further investment to Kalangala that has been badly off in terms of solid investments,†she said.
BIDCO’s CEO Vimal Shah also received a return air ticket to Guangzhou, China, from Kenya Airways.
The Vice-President, Prof Gilbert Bukenya, was recognised for promoting Upland Rice growing, while Uganda Breweries got exemplary contribution to environmental protection acclolades.
Certificates of merit were awarded to Sheraton Kampala Hotel for environment protection and improvement to a five-star hotel, East African Business Council for investment promotion in the Nordic countries and EVD International for promotion of joint ventures between Uganda and Netherlands.
Other awards went to the Africa Asia Investment and Technical Centre for promoting investment between Uganda and Asia and the Japan International Cooperation Agency for promoting trade between Japan and Uganda. The investor of the year silver award went to International Hospital Kampala who also received a return air ticket from SN Brussels to any destination in Europe, while the bronze award was taken by Tembo Steels.
Mary Tamale of Maganjo Grain Millers was selected as the best women entrepreneur.
Southern Range Nyanza was recognised as the best investor of the year in the medium scale category.
They received a certificate of merit and a return air ticket to Cape Town courtesy of South African Airways.
Other companies that were awarded with the certificates of merit in the medium scale category were Fiduga Limited and Tororo Cement Limited.
The Monitor Publications received a certificate of merit and a return air ticket to Johannesburg from South African Airways for the small-scale enterprise category, Graphic Systems was the first runner-up and Eden International School second runner-up in the small enterprise category.
Other companies that were awarded with certificates included Anipam Global Soft, Aya Bakery, Bajaba Millers, Britannia Allied Industries, House of Eden, Infinity Media, Kitchen and Office Concepts, Carriers Uganda and MK Publishers.
Others were Mavid Pharmaceuticals, Pan Afric Commodities, Stanhope Finance Company, Uganda Breweries, Wispro Uganda and World Institution Building Programme.
Daudi Migereko, the trade minister, commended UIA for maintaining the tradition of rewarding investors.
“We recently launched a programme to brand Uganda and this activity can be backed up by these awards,†Migereko said.
BIDCO Uganda has dislodged Stanbic Bank as this year’s investor of the year.
The cooking oil investor won a Golden Award from Uganda Investment Authority (UIA).
The UIA chief, Dr Maggie Kigozi, said BIDCO had successfully set up a modern agro-processing plant worth $28m (sh52b) with a production capacity of 300 metric tonnes of cooking oil daily just after 12 months.
The 300 metric tonne capacity is expected to be increased to 500 soon.
“The company has invested $170m and created employment for 517 Ugandans in a very short time, contributing to poverty reduction in Kalangala and Jinja,†Kigozi said on Friday at the colourful award ceremony at Speke Resort Munyonyo.
Dr Louis Kasekende, the Bank of Uganda deputy governor, the central bank’s spokesman Juma Walusimbi and Uganda Revenue Authority’s boss, Allen Kagina were among the top officials who attended the ceremony.
Kigozi said BIDCO had maintained good environmental practices by installing an affluent treatment plant and improved domestic cooking oil production and soap that are being sold to the Great Lakes region.
“The company has further investment to Kalangala that has been badly off in terms of solid investments,†she said.
BIDCO’s CEO Vimal Shah also received a return air ticket to Guangzhou, China, from Kenya Airways.
The Vice-President, Prof Gilbert Bukenya, was recognised for promoting Upland Rice growing, while Uganda Breweries got exemplary contribution to environmental protection acclolades.
Certificates of merit were awarded to Sheraton Kampala Hotel for environment protection and improvement to a five-star hotel, East African Business Council for investment promotion in the Nordic countries and EVD International for promotion of joint ventures between Uganda and Netherlands.
Other awards went to the Africa Asia Investment and Technical Centre for promoting investment between Uganda and Asia and the Japan International Cooperation Agency for promoting trade between Japan and Uganda. The investor of the year silver award went to International Hospital Kampala who also received a return air ticket from SN Brussels to any destination in Europe, while the bronze award was taken by Tembo Steels.
Mary Tamale of Maganjo Grain Millers was selected as the best women entrepreneur.
Southern Range Nyanza was recognised as the best investor of the year in the medium scale category.
They received a certificate of merit and a return air ticket to Cape Town courtesy of South African Airways.
Other companies that were awarded with the certificates of merit in the medium scale category were Fiduga Limited and Tororo Cement Limited.
The Monitor Publications received a certificate of merit and a return air ticket to Johannesburg from South African Airways for the small-scale enterprise category, Graphic Systems was the first runner-up and Eden International School second runner-up in the small enterprise category.
Other companies that were awarded with certificates included Anipam Global Soft, Aya Bakery, Bajaba Millers, Britannia Allied Industries, House of Eden, Infinity Media, Kitchen and Office Concepts, Carriers Uganda and MK Publishers.
Others were Mavid Pharmaceuticals, Pan Afric Commodities, Stanhope Finance Company, Uganda Breweries, Wispro Uganda and World Institution Building Programme.
Daudi Migereko, the trade minister, commended UIA for maintaining the tradition of rewarding investors.
“We recently launched a programme to brand Uganda and this activity can be backed up by these awards,†Migereko said.