{"id":62049,"date":"2023-12-08T08:15:35","date_gmt":"2023-12-08T08:15:35","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28"},"modified":"2023-12-08T09:02:11","modified_gmt":"2023-12-08T09:02:11","slug":"uganda-gets-shs1-5t-green-investment-deals-at-cop28","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28","title":{"rendered":"Uganda gets Shs1.5t green investment deals at COP28"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Four international firms yesterday committed to invest $400m (about Shs1.5 trillion) in different green energy projects in Uganda, including renewable energy, water filtration and forestry.<\/b><\/p>\n

Mandulis Energy, Spouts International, 1MTN and Nexus Green made the commitment while attending the Uganda Investment Authority (UIA)\u2019s green investment session in the Green Investment Room at the ongoing Climate Change Conference (COP28) in Dubai, United Arab Emirates.<\/p>\n

The investments, they said, will be made in the next four years.<\/p>\n

UIA\u2019s acting Deputy Director for Communications and Public Relations David Rupiny in a statement said all four green investors are already licensed and have commenced operations in Uganda.<\/p>\n

\u201cThe green investors provided testimonies to an audience of prospective investors and other actors regarding the status of their investments, experiences and a broader overview of the investment environment in Uganda,\u201d he said.<\/p>\n

Speaking at the session, the co-founder of Mandulis Energy, Mr Peter Nyeko, said their company converts agricultural waste into low carbon electricity and biogas for households and small businesses.<\/p>\n

Mr Nyeko added that they are currently developing 24 off-grid power systems across rural Uganda, which shall be scaled to two megawatts to power agricultural processing facilities and serve more than 120,000 rural farmers.<\/p>\n

Pledge<\/p>\n

Spouts International CEO Daniel Yin said they will in the next four years invest between $80m and $100m, in addition to the already invested $10m.<\/p>\n

The firm is producing Purifaaya, a ceramic water filter made from clay, with a current reach of 200,000 households, and aiming to reach six million households by 2030.<\/p>\n

\u201cWe make sure that all people have access to safe clean drinking water for the lowest price possible, and this empowers communities and also saves trees from being burnt to boil water for drinking\u201d, said Yin.<\/p>\n

Relatedly, the co-founder of 1MTN, Christian Raude, said they have so far invested $1.5m and plan to invest additional $100m in the next four years. \u201cThere is a lot of bamboo in Uganda and East Africa and not only does it make good investment sense but is also good for the environment and does not need too much water,\u201d Raude said.<\/p>\n

The founder of Nexus Green, Mr Rikki Verma, said they, with funding from the United Kingdom Export Fund, so far invested $100m in the factory that employs 200 people directly and over 1,000 people indirectly.<\/p>\n

Nexus Green manufactures and supplies solar-powered solutions.<\/p>\n

Verma noted that investing in Uganda has been made easy since UIA is now a one-stop centre for key investment and business support services.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Four international firms yesterday committed to invest $400m (about Shs1.5 trillion) in different green energy projects in Uganda, including renewable energy, water filtration and forestry. Mandulis Energy, Spouts International, 1MTN and Nexus Green made the commitment while attending the Uganda Investment Authority (UIA)\u2019s green investment session in the Green Investment Room at […]<\/p>\n","protected":false},"author":84,"featured_media":62048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,258],"tags":[233,240,234],"class_list":["post-62049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nUganda gets Shs1.5t green investment deals at COP28 - Uganda<\/title>\n<meta name=\"description\" content=\"Four international firms yesterday committed to invest $400m (about Shs1.5 trillion) in different green energy projec ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uganda gets Shs1.5t green investment deals at COP28\" \/>\n<meta property=\"og:description\" content=\"Four international firms yesterday committed to invest $400m (about Shs1.5 trillion) in different green energy projec ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-08T08:15:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-08T09:02:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/12\/sm_1702013339.2048.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Uganda gets Shs1.5t green investment deals at COP28\",\"datePublished\":\"2023-12-08T08:15:35+00:00\",\"dateModified\":\"2023-12-08T09:02:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28\"},\"wordCount\":433,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/12\/sm_1702013339.2048.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-gets-shs1-5t-green-investment-deals-at-cop28\",\"name\":\"Uganda gets Shs1.5t green investment deals at COP28 - 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