Financial Innovation, Environmental Impact, and Corporate Leadership: Uganda in a Week

Absa Bank Uganda and MOGO Loans Partner for Eco-Friendly Boda Boda Financing

Absa Bank Uganda has partnered with MOGO Loans in a UGX19 billion deal to help boda boda riders acquire electric bikes on hire purchase. This financing will support the informal sector, enabling riders to access affordable, eco-friendly transportation that reduces operational costs and emissions. Since May, MOGO Uganda has financed nearly 870 electric motorbikes, preventing about 70 tonnes of CO? emissions.

The partnership reflects Absa’s commitment to financial inclusion and environmental sustainability, offering low-cost solutions that aid Uganda’s shift to a green economy.

TotalEnergies Uganda Launches First Public EV Charging Station

TotalEnergies Uganda, in partnership with GreenHub , has launched the country’s first public electric vehicle charging station at Wampewo Service Station in Kampala. This facility marks a major milestone for Uganda’s Energy Transition Plan, which aims to reduce emissions through sustainable, low-carbon transportation options. The station primarily supports electric motorcycles, with a specific focus on aiding boda boda riders, a key segment in Uganda’s transportation network.

Additionally, TotalEnergies provided $5,000 to help female riders acquire electric bikes and donated 400 helmets to promote safety. This initiative reflects TotalEnergies’ commitment to inclusivity and environmental sustainability, as well as its alignment with national goals for cleaner energy. The new charging station serves as a catalyst for future EV infrastructure in Uganda, encouraging a shift toward eco-friendly transportation solutions.

I&M Bank Launches Express Go Digital Account

I&M Bank Uganda has introduced the Express Go Digital Account, a service designed to simplify banking for users through mobile wallet transfers. The account allows free bank-to-wallet transfers, facilitating more accessible and affordable banking services. Users can open the account with a minimal deposit of UGX 10,000 via the I&M On-The-Go app.

This new offering promotes financial inclusion and digital banking, providing a secure and paperless way to manage finances. It aligns with the bank's commitment to enhancing banking accessibility while supporting environmental sustainability.

NBS TV and Million Trees International Partner to Restore Uganda's Forests

NBS TV has partnered with Million Trees International (MTI) to restore 50 hectares of forest land in Uganda's Kasyoha Kitomi Central Forest Reserve. This collaboration, part of NBS TV’s "15 Million Trees" campaign, aims to combat the country's significant deforestation, which saw over 68,000 hectares of forest lost in 2023 alone. By focusing on reforestation, both organizations are working toward Uganda's goal of restoring 24% of its forest cover to pre-1990 levels.

This partnership highlights the crucial role of media in driving climate action, with NBS TV playing a central role in informing the public and mobilizing environmental change across Uganda. The initiative supports Uganda’s broader commitment to sustainable development and ecological restoration.

Uganda Breweries Limited's Leadership and Sustainability Initiatives

Uganda Breweries Limited reported that women make up 60% of its top leadership, reflecting its commitment to diversity. This focus is part of UBL's 2024 Sustainability Report, which highlights its initiatives in responsible drinking, environmental sustainability, and community empowerment. UBL also trains women and youth in hospitality through its Learning for Life program, boosting employment in Uganda.

Additionally, UBL has implemented water-saving and emission-reducing facilities, showcasing environmental leadership. The report aligns with GRI Standards, emphasizing UBL’s pledge to an inclusive and sustainable future.

Airtel Uganda's Digital Inclusion Campaign Rewards Thousands

Airtel Mobile Commerce Uganda Limited (AMCUL) completed its three-month "Vroomula Amajja" campaign, awarding over 6,000 customers with prizes like cash, motorbikes, and a grand prize Toyota Rav4 Hybrid. With Shs 1.5 billion distributed, the campaign promoted a cashless economy by incentivizing digital transactions.

The campaign celebrated 4,050 digital cash prize winners, 117 motorbike recipients, and recognized agents and merchants for advancing cashless payment solutions. The initiative aligns with Uganda’s growing mobile transaction volume, marking a shift toward financial inclusivity and digital engagement.

Uganda in a Week is your go-to source for the most featured stories that shaped the media landscape over the past week. Stay informed with concise, insightful summaries on the biggest headlines across Uganda, covering politics, economy, social issues, and more.

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