Pride Bank, in collaboration with MOGAS Uganda, unveiled a clean cooking financing initiative targeting households and institutions in Uganda, with the program officially launched at Vienna College in Namugongo. The school’s kitchen, operated by School Kitchen Limited, now uses LPG burners installed by MOGAS Uganda, resulting in a 40% decrease in cooking costs compared to charcoal and briquettes. The partnership enables institutions and households to access 100% financing for LPG installations, eliminating upfront costs. Joseph Lwanga Mugerwa, Pride Bank’s Manager of Agribusiness and Green Financing, emphasized the initiative’s role in overcoming financial barriers to clean energy adoption, while MOGAS Uganda’s Managing Director, Phillip Muhereza, highlighted LPG’s efficiency, cost-effectiveness, and safety benefits. At the launch, Mugerwa stated that the program aligns with Pride Bank’s commitment to sustainable development, enabling institutions to transition to cleaner cooking systems without compromising cash flow. Muhereza underscored MOGAS Uganda’s dedication to safety, noting the partnership includes maintenance programs, safety protocols, and staff training. William Galiwango, representing Vienna College, praised the initiative for enhancing operational efficiency, citing the school’s experience as a model for other institutions with high-volume cooking needs. The project also addresses environmental concerns, as LPG reduces smoke and soot compared to traditional fuels, improving indoor air quality and kitchen hygiene. The initiative’s success at Vienna College highlights potential savings for schools, hotels, hospitals, and households seeking to reduce reliance on charcoal and solid fuels. MOGAS Uganda’s installation of LPG systems includes technical support and training, ensuring safe and effective usage. Pride Bank and MOGAS Uganda aim to scale the program nationwide, emphasizing its dual benefits of cost reduction and environmental sustainability. Institutions interested in adopting LPG solutions are encouraged to contact Pride Bank branches to explore financing options, with the partnership positioning itself as a key player in Uganda’s transition to cleaner energy. The collaboration reflects broader efforts to address energy poverty and health risks linked to traditional cooking methods. By combining financial accessibility with LPG technology, the initiative supports Uganda’s climate goals while improving livelihoods. Public health experts have noted that reducing smoke exposure from cooking fuels can lower respiratory illnesses, further underscoring the program’s societal impact. As Pride Bank and MOGAS Uganda expand their reach, the project could serve as a blueprint for similar partnerships across the region.
Pride Bank and MOGAS Uganda Unveil Clean Cooking Financing Initiative to Cut Costs, Emissions
paragraphs_2023-10-05T00:00:00Z
source_credit_2023-10-05T00:00:00Z
source_date_2023-10-05T00:00:00Z
clean energy, financing, LPG, Uganda, sustainability
Pride Bank and MOGAS Uganda launch clean cooking initiative with LPG installations and financing options for institutions and households.