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According to the Memoranda of Understanding, these corporate companies agreed to support various waste management initiatives in communities. They will help plastic waste collection centers increase their capacity to collect, safely dispose and recycle plastic waste.
Studies estimate that in Uganda, an average of 1,500 tonnes of plastic waste is generated daily. However, only 500 tonnes of waste is properly managed. This also indicates a collection efficiency of 30%. This implies that most of the waste generated is not safely recycled. It, therefore, goes into the environment.
What Stanbic Bank’s role will be;
Stanbic Bank’s Executive Director and Head of Corporate & Investment Banking, Emma Mugisha said the collaboration would bring together various private sector players to promote sustainable recycling of plastics. This is through an eco-system underpinned by value addition to create end products and ultimately protect the environment.
“As part of the collaboration, Stanbic Bank will be providing financial support and advisory services needed to achieve sustainable waste management. We are proud to be part of this initiative. As it’s aligned to SEE priorities that seek to address the Social, Economic, and Environmental needs of the people we serve,” Emma said.
Coca-cola’s role;
Coca-Cola Beverages Africa Public Affairs & Communications Director, Simon Kaheru, said the beverages firm is a committed leader in developing sustainable ways to manufacture, distribute and sell soft drinks. All this while protecting the environment through pro-active recycling.
“We believe in doing business the right way – and insist on this throughout our value chain. Plastic Recycling Industries is an initiative under which we fund the collection and delivery of plastic waste. This is from the environment and then recycle into raw materials that can be put to end-use manufacture. This collaboration is an important step in the journey we are on to achieve 100% collection and recycling of the products our consumers buy,” Kaheru said.
Additionally, Kaheru said that Coca-Cola globally pledged that by 2030 the company would redesign packaging to make it more recyclable. It will help collect and recycle 100% of the plastic waste generated through its business.
Therefore, Coca-Cola Beverages Africa’s Plastic Recycling Industries will collect PET bottles from the environment. This will be through a system of collection partners countrywide. They will recycle them into PET Flakes. They will then supply them as raw materials for Nice House of Plastics to create finished products.
Nice House of Plastics’s role;
Barbara Mulwana, Executive Director of Nice House of Plastics, said the plastics manufacturer will use the PET flakes to make final products. These will also include Yarn-Fibre, Wood Plastic Composite, and PET.
“Recycled PET is one of the major raw materials that we use in our work. We have previously imported some of it. This collaboration will also go a long way in solving our raw material problem and promoting a safe environment,” she said.
Kampala Capital City Authority’s role;
The Kampala Capital City Authority Executive Director, Dorothy Kisaka, thanked the corporate companies for technically and financially supporting KCCA in its effort to safely dispose of plastic waste.
“We are grateful that you have officially joined hands with us once again. In another form, to supplement our efforts to clean up the city and make our environment better. Kampala City and the Greater Kampala Metropolitan Area are supposed to be green – providing a sustainable plastic waste recycling infrastructure is an essential qualification of that ‘green-ness’,” she said.
Check also;
- Airtel Uganda Introduces Samsung Smartphone Credit Facility
- Stanbic Bank Partners With UN To Create Enterprise Fund
- Hon. Betty Nambooze Queries Covid-19 Cases At KCCA
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