DTB joins forces with UMA on green industry agenda

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DTB joins forces with UMA on green industry agenda
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Diamond Trust Bank (DTB) has unveiled a partnership with Uganda Manufactures’ Association on the latter's green industry agenda aimed at promoting sustainable industry growth in Uganda.

The partnership was launched on Thursday during a breakfast meeting at the Kampala Serena hotel.

As part of the initiative, DTB seeks to enhance the sustainability of supply chains by supporting projects focused on eco-friendly materials and green logistics, and provide advisory services to manufacturers, helping them integrate sustainability into their operations and business strategies.

Speaking at the partnership launch, DTB chief executive, Godfrey Sebaana said supporting Green Industry Agenda not only foster industrial practices that benefit both the economy and the environment, but will also improve the quality of life for various communities across the country.

"Over the years, Uganda has witnessed significant economic growth, albeit at an environmental cost. Despite abundant renewable energy sources such as hydro and solar power, the industrial sector has, to some extent, relied on non-renewable energy sources like fossil fuels. This has created a delicate balance between economic advancement and environmental conservation," he said.

He also reaffirmed that the bank is dedicated to driving sustainability in the manufacturing sector, and its ongoing efforts will ensure long-term positive impacts on the environment.

The UMA Green Industry Agenda is a national program designed to prioritize the use of renewable energy sources and promote sustainable manufacturing practices. This initiative supports Uganda's development in an environmentally conscious and economically viable manner.

In his remarks UMA chairman keto kayemba noted that the initiative aims to reduce the carbon footprint of Uganda's industrial sector through the introduction of better and more efficient technologies.

He also said that the agenda seeks to increase the efficiency of available resources and transition to net-zero emissions across all value chains in the sector.

"Over the years, UMA has spearheaded numerous initiatives geared towards environmental preservation, exemplified by recent endeavors such as the Waste Water Management Project.As the manufacturing sector projects a 10% growth trajectory, UMA is mindful of the potential environmental repercussions," Kayemba said.

He added, "We aim to reduce Uganda's industrial sector carbon footprint by 10% in three years and 25% in the next nine years, and foster the green agenda within the domestic context,"

He explained their partners like DTB will fund various projects aimed at improving energy efficiency and integrating renewable energy sources in manufacturing facilities.

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