Kiboko group, a local company in Uganda will be commemorating 20 years of existence in Uganda with a projection of over Shs100billion as investments in the east Africa’s third largest economy.
Speaking to The Independent shortly after a news conference at the company’s head office in Kampala on Sept.19 Sanjeev Gupta, the company’s chief executive officer said since 1992 when they opened shop in Uganda they have increased the number of employees from just two to over 800.
“We are happy to operate in Uganda and we hope to invest more in years to come,” Gupta said.
The group has diversified interest in manufacturing and distribution representing multiple sectors including pharmaceutical, consumer durables and engineering projects among others.
The CEO said they are partnering with the Parliament of Uganda to donate home use materials as part of their corporate social responsibility.
“The company shall soon be unveiling its ambitious plans to promote the safety, health and hygiene drive across the country,” he said.
According to the health data, Uganda’s economy loses $177million per year due to poor sanitation. This is equivalent to $5.5 per person in Uganda per year or 1.1% of the national GDP.