SPEKE RESORT MUNYONYO HOSTS INVESTOR OF THE YEAR AWARD.
November 28th, 2005 by
Administrator
BIDCO Uganda was named this year’s investor of the year with a Golden Award from Uganda Investment Authority (UIA) at a function held at Speke resort munyonyo, Kampala Uganda.
The investor of the year awards were attended by several companies, top officials like UIA chief Dr Maggie Kigozi, Bank of Uganda deputy governor Dr Louis Kasekende, the central bank’s spokesman Juma Walusimbi and Uganda Revenue Authority’s boss, Allen Kagina.
BIDCO’s CEO Vimal Shah received the award and a return air ticket to Guangzhou China, from Kenya Airways. After BIDCO dislodged Stanbic Bank as investor of the year.
The company was said to have set up a modern agro-processing plant worth $28m aimed at increasing the production capacity from 300 to 500 metric tonnes of cooking oil within a few months.
The UIA chief, Dr Maggie Kigozi said BIDCO the company had invested $170m and created employment for 517 Ugandans, contributing to poverty reduction in Kalangala and Jinja, had maintained good environmental practices by installing an affluent treatment plant and improved domestic cooking oil production and soap that are being sold to the Great Lakes region.
Other awards went to the Vice-President, Prof. Gilbert Bukenya, recognition for promoting Upland Rice growing, Mary Tamale of Maganjo Grain Millers was selected as the best women entrepreneur and Africa Asia Investment and Technical Center for promoting investment between Uganda and Asia.
Uganda Breweries got exemplary contribution to environmental protection. Japan International Cooperation Agency for promoting trade between Japan and Uganda.
The investor of the year silver award went to International Hospital Kampala who also received a return air ticket from SN Brussels to any destination in Europe, and the bronze award was taken by Tembo Steels.
Certificates of merit were awarded to Sheraton Kampala Hotel for environment protection and improvement to a five-star hotel, East African Business Council for investment promotion in the Nordic countries and EVD International for promotion of joint ventures between Uganda and Netherlands, Monitor Publications received a certificate of merit and a return air ticket to Johannesburg from South African Airways for the small-scale enterprise category, Graphic Systems was the first runner-up and Eden International School second runner-up in the small enterprise category.
Southern Range Nyanza, Fiduga limited, Tororo Cement Limited, Anipam Global Soft, Aya Bakery, Bajaba Millers, Britannia Allied Industries, House of Eden, Infinity Media, Kitchen and Office Concepts, Carriers Uganda and MK Publishers, Mavid Pharmaceuticals, Pan Afric Commodities, Stanhope Finance Company, Uganda Breweries, Wispro Uganda and World Institution Building Programme.
Daudi Migereko, the trade minister, commended UIA for maintaining the tradition of rewarding investors.
“We recently launched a programme to brand Uganda and this activity can be backed up by these awards,”
By Kisibo Jackie
Jackie@hotelsinuganda.com
Uganda hotel news
Posted in Uncategorized |
No Comments »