Stanbic Bank, Kampala City Council Authority (KCCA), Coca-Cola and Nice House of Plastics have joined hands to form a collaborative partnership to promote responsible use and re-cycling of plastic waste and sustainable environmental protection.
Formalizing the collaboration at a ceremony signing Memoranda of Understanding, the three companies together with KCCA agreed to support various waste management initiatives in communities and help plastic waste collection centers increase their capacity to collect, safely dispose and recycle plastic waste.
Studies estimate that in Uganda, an average of 1,500 tonnes of plastic waste are generated daily, with only 500 tonnes properly managed. This indicates a collection efficiency of 30%, implying that most of the waste generated is not safely recycled and goes into the environment.
Stanbic Bank’s executive director and Head of Corporate & Investment Banking, Emma Mugisha said the collaboration would bring together various private sector players to promote sustainable recycling of plastics through an eco-system underpinned by value addition to create end products and ultimately protect the environment.
“As part of the collaboration, Stanbic Bank will be providing financial support and advisory services needed to achieve sustainable waste management. We are proud to be part of this initiative as it’s aligned to SEE priorities that seek to address the social, economic and environmental needs of the people we serve,” Emma said.
Coca-Cola Beverages Africa Public Affairs & Communications Director, Simon Kaheru, said the beverages firm was a committed leader in developing sustainable ways to manufacture, distribute and sell soft drinks while protecting the environment through pro-active recycling.
“We believe in doing business the right way – and insist on this throughout our value chain. Plastic Recycling Industries is an initiative under which we fund the collection and delivery of plastic waste from the environment and recycle it into raw materials that can be put to end use manufacture. This collaboration is an important step in the journey we are on to achieve 100% collection and recycling of the products our consumers buy,” Kaheru said.
In the collaboration, Coca-Cola Beverages Africa’s Plastic Recycling Industries will collect PET bottles from the environment through a system of collection partners countrywide, recycle them into PET flakes and then supply them as raw materials for Nice House of Plastics to create finished products.
Barbara Mulwana, executive director of Nice House of Plastics, said the plastics manufacturer will use the PET flakes to make final products such Yarn-Fibre, Wood Plastic Composite and PET.
“Recycled PET is one of the major raw materials that we use in our work. We have previously imported some of it and this collaboration will go a long way in solving our raw material problem and promoting a safe environment,” she said.
The Kampala Capital City Authority executive director, Dorothy Kisaka, thanked the companies for technically and financially supporting KCCA in its effort to safely dispose of plastic waste.
“We are grateful that you have officially joined hands with us once again, in another form, to supplement our efforts to clean up the city and make our environment better. Kampala City and the Greater Kampala Metropolitan Area are supposed to be green – providing a sustainable plastic waste recycling infrastructure is an essential qualification of that ‘green-ness’,” she said.