Diamond Trust Bank, KACITA ink sustainability partnership
- Business Economy
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Varghese Thambi Managing Director of Diamond Trust Bank and Thadeus Musoke, Chairman of KACITA shaking hands after signing the MoU on Dec.7
Diamond Trust Bank Uganda and Kampala City Traders Association (KACITA) – Uganda have entered a partnership to boost traders’ business with the sustainability aspect being top on the agenda.
The partnership was announced at a news conference at KACITA Head offices in Kampala today.
The partnership aims at empowering traders and communities where KACITA operates with appropriate financial and banking services. The partnership also brings to the attention of Women in Business and youth who will receive preferential treatment and offers on banking services.
“Many times, our key business players don’t receive the right support for the growth and sustainability of their businesses. Under this partnership, we shall tailor our offering to answer the needs of their businesses,” said Varghese Thambi, the DTB Uganda CEO.
Thadeus Musoke, KACITA Chairman said 65% of the businesses are run by women and have proven to be the most resilient over the years including the COVID-19 tough times.
“We are glad that DTB is identifying us as a partner and a focus on women traders is very important. We are sure that women businesses if well supported will multiply and be pivotal in national growth,” Musoke said.
DTB is committing to facilitating the best business, management, and financial practices through training in addition to offering preferential product offers to traders.
In the space of sustainability, DTB will introduce the concept of ESG (Environment, Social, and Governance) to the business community.
Stakeholders under KACITA Uganda and DTB will drive discussions on energy efficiency, reduction of carbon emissions, and other areas of sustainable development as highlighted by the UN Sustainable Development Goals.
Meanwhile, DTB announced support to KACITA – -Uganda members towards offering support to the establishment of the KACITA Village. Under the arrangement, DTB will work with property developers to provide land for the KACITA Village. Members of KACITA will be financed by DTB to acquire land on the KACITA Village estate.
