In 2022, disastrous floods hit Sino Uganda Industrial Park in Mbale leaving a trail of destruction.The floods that hit Mbale City on July 30 and 31, 2022 killed over 20 people all together and destroyed several infrastructures including at the industrial park.Fast forward,
The government has launched the National Climate Change Mechanisms Regulation, a key milestone in the country's efforts to operationalise Article 6 of the Paris Agreement and tap into the growing global carbon market.Unveiled by the Ministry of Water and Environment at its headquarters in
Absa Bank Uganda has commemorated World Earth Day by planting 1000 trees at Buwagga Secondary School in Wakiso District.The event brought together Absa employees, students, and community members to plant trees as part of the bank’s ongoing broader initiative to shape a sustainable f
Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday.An IMF report released at its annual spr
The Ministry of Energy says opening up new areas will, among others, contribute to the sustainability of oil production. The Ministry of Energy and Mineral Development has opened up three new areas or frontier basins for petroleum activities spanning 17,244 square kilometres across the c
Financial technology company, Mogo, has said it has obtained a loan facility from Absa to ease access to electric motorbikes. The company, which indicated that it had previously benefited from Absa’s financing at the group level, said the first tranche of Shs5b had been disbursed.
The National Environment Management Authority (NEMA) has said it closed a private cattle farm in uptown Kololo, following neighbours' complaints about a pungent smell from piles of animal wastes and noise pollution in Kampala. NEMA insists that the zero-grazing farm, which started in 201
Wooden houses can position Uganda for a sustainable future by addressing the housing crisis through cost-effective, eco-friendly construction, reducing carbon emissions, and promoting responsible timber sourcing. Modern wooden construction is revolutionising the housing market as a sus
Can Green Finance Unlock Uganda's Potential? Only 22 percent of Ugandan farmers in agribusiness have access to green finance according to the 2023 FinScope Uganda report. Many subsistence farmers continue to report less and less harvest every year and yet don’t know why. The answer is obvi
As the world faces the rising effects of climate change, there is an urgent need to rally the population and governments towards promoting environmentally friendly farming practices (agroecology). The challenge is pressing in developing countries, where industrial agriculture characteris
