By Amon Muhumuza
apearlnews.com
Green finance, or the Agriculture Business Initiative (ABI), expresses concern for environmental conservation.
Agriculture Business Initiative (aBi) has rolled out a Green Challenge Fund to support SMEs and farmers to increase their resilience to climate change, including soils, ecosystems, and biodiversity.
The head of Bi Green Finance Growth in Business Development, Mr. Noah Owomugisha, said that the organization is aimed at training different lending financial institutions that, when giving out loans to farmers and business people, teach them how to use the money in a mode of protecting the environment to cause good climatic change.
His remarks came while addressing the targeted participants from different financial institutions in a workshop held at the Ankole Resort Hotel in Ntungamo municipality on Tuesday. Mr. Owomugisha said that some cultivation methods of primitive cultures and poor management of industries can be dangerous to the environment. He urged the money lenders to be conscious and first advise the borrowers not to use the money to endanger the environment when starting any kind of developmental activity.
When the environment is well protected, it provides shade for both animals and people and also helps in the formation of rainfall that complements food production.
Mr. Henry Ssegawa, one of the facilitators during the workshop, said that as Ugandans are not concerned about environmental protection, farmers and business people have left environmental protection and are mindful of income.
He asked the money borrowers to look into the protection of the environment through waste management. Industrial waste should be well managed to avoid air pollution and water pollution, among others, and to stop climatic changes that can destroy the environment.
“Some Ugandans borrow money for recreational activities, farming, and industrialization, which consume the vegetation and leave the land bare, thus causing danger to the environment.”
