Stanbic Bank Uganda has contributed UGX 50 million in a partnership with M-Kopa towards the installation of solar solutions in twenty schools spread across the country.
Industry

Stanbic Bank partners with M-Kopa to light up schools

Stanbic Bank Uganda has contributed UGX 50 million in a partnership with M-Kopa towards the installation of solar solutions in twenty schools spread across the country.

M-Kopa is a company that uses the pay-as-you-go model popularized by mobile phones to provide rent-to-own solar energy products that help deliver cheap solar power to rural areas.

While launching the project at Senene Primary School, Stanbic Head of Corporate Social Investment (CSI) Barbara Kasekende noted the bank’s key focus area for CSI is education.

“Our CSI focuses on promoting education because we believe it is a key factor to achieving transformational change in our country’s economy.

“This means we have to continue funding the various aspects that facilitate a good education if we want a more productive workforce that can carry out tasks that require literacy and critical thinking to push us forward. Energy solutions for schools are one of the key factors,” she said.

Kasekende added, “One of the biggest challenges we identified facing schools in the rural areas is access to electricity. We are happy to leverage on our relationship with M-Kopa to mitigate this.

“The ability to take clean energy solutions to these schools conveniently and help bridge the power gap will go a long way in impacting the lives of these students.”

The schools that will have solar equipment installed include; Namakwekwe primary school, Bufooto Primary School, Najja Primary School, Nakhupa primary school, Ubumasokho Primary school, Buwakoro Primary school, Kiwata Primary School, Buduma Primary School and  Bufunda Primary School.

Others are  Kimira Primary School, Nawandala Primary School, Bubaka Primary School, Nyanzi Primary School, Kyakoba Primary School, St Kizito Namagogo Primary School, Kasenyi Primary School, Senkulu  Primary School, Kibyamirizi  Primary School, Buliisa Primary School and St Noah Myanzi Primary school.

M-Kopa Managing Director David Damberger said, “Uganda, with a population of about 41 million people and about 7 million households has one of the lowest electrification rates in Africa.

Out of the 7 million only, about 1.1 million have access to electricity.  This represents 22% of the entire population meaning over 30 million Ugandans go to sleep without electricity every night.

These end up using alternative, un-clean sources of energy like Kerosene and Charcoal which can cause health problems.

As a company, we are currently powering over 100,000 households in Uganda and it is amazing the impact solar solutions can bring to the communities.

We have seen school children in the rural areas manage to study better at night after school hence improving on their learning.”

He added, “As such, we are glad to be part of this partnership with Stanbic and we believe these schools will be a great example on how solar solutions can impact lives.”

The government of Uganda, in its ambitious plan to achieve middle-income status by the year 2030, wants off-grid consumers to access clean modern energy services in a bid to improve social services, economic growth and welfare of its citizens.

It is expected that 60% of households in Uganda will have a solar energy product or will be receiving solar related services by the year 2020.