Matooke Republic
Thursday, September 4, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

INTERVIEW: Allan Mwesigwa liberates himself from poverty through making briquettes and energy-saving stoves

Matooke Republic by Matooke Republic
April 17, 2024
in Business
Reading Time: 2 mins read
Allan Mwesigwa, a green enterprise business owner supported by Equity Bank Uganda Limited(EBUL).

Allan Mwesigwa, a green enterprise business owner supported by Equity Bank Uganda Limited(EBUL).

Share on FacebookShare on Twitter

Allan Mwesigwa, a 32-year-old resident of Gita-Nabutaka village in Nangabo town council, Wakiso district, has turned adversity into opportunity through his entrepreneurial journey.

From facing the challenge of abandoning his studies in animal production due to the untimely death of his sponsor to being incapacitated after a boda-boda accident, Mwesigwa’s resilience led him to establish a successful business in briquette and energy-saving stove production.

His inspiration came during his recovery period, while working in a brooder and witnessing the excessive use of charcoal. This experience ignited the idea of making briquettes from plant materials, leading him to delve into research and experimentation to develop his venture.

RELATED POSTS

Equity Bank strengthens SME growth through Fort Portal engagement

Samsung Electronics East Africa Brings “Awesome” to Uganda with New Galaxy A Series

Briquettes manufactured from plant based materiels and other environmentally friendly materials.

Environmental conservation is at the core of Mwesigwa’s business ethos. Utilizing plant-based materials and collecting waste from the environment, including metal scraps for eco-stoves, he actively contributes to preserving the environment.

A turning point in his journey came when he attended a financial literacy training session by Equity Bank, where he learned about the Youth Loan products. With the support of his group members and a credit officer, he secured a loan of Shs1,500,000, which catalyzed the growth of his business.

Investing in a solar dryer and purchasing more raw materials with the loan enabled Mwesigwa to significantly increase his production capacity. What began as a modest operation now churns out 1000 briquettes daily, thanks to subsequent loans that facilitated further expansion and diversification of his product line.

Energy-saving stoves.

Employment opportunities have also grown within his community, with Mwesigwa now providing steady jobs to four young people and three casual laborers.

Through prudent management, his capital has grown from Shs2,000,000 to Shs25,000,000, enabling him to invest in essential machinery and equipment to enhance efficiency.

Mwesigwa expresses gratitude to Equity Bank for their partnership, acknowledging their timely intervention in addressing his capital needs and empowering him to realize his entrepreneurial dreams.

Related

Tags: Allan MwesigwaBriquettesEnergy-saving stovesEquity Bank
Share3Tweet2Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

Equity Bank strengthens SME growth through Fort Portal engagement

by Matooke Republic
16 hours ago

...

Group photo of Equity Bank team in Arua.

Equity Bank strengthens SME growth through Tupange Business Ne Equity Forum in Arua

by Matooke Republic
2 weeks ago

...

Equity Bank awards Mr. Robert Kassaja of Kassaja & Sons Mirrors in Busia as the Most Committed Customer and Richard Omusei of Halcyon High School in Soroti as the Most Influencial Customer.

How Equity Bank’s TUPANGE Forum is powering SMEs with finance, digital innovation, and partnerships

by Matooke Republic
2 weeks ago

...

Group photo of the awarded SMEs with Equity Bank officials.

Equity Bank expands Tupange Business Forum to boost SME growth nationwide

by Matooke Republic
3 weeks ago

...

From Left to Right: Equity Life Assurance (Kenya) Limited Managing Director, Angela Okinda, Equity Group Managing Director and CEO, Dr. James Mwangi, Director Equity Group Foundation Operations, Dr. Joanne Korir and Equity Bank Kenya Managing Director, Moses Nyabanda, during the Half Year 2025 Investor Briefing event. Equity Group Holdings posted a 17% growth in Profit After Tax to Kshs. 34.6 billion up from Kshs. 29.6 billion for the period ended 30th June 2025, achieving its strongest quarterly performance in history with a Profit Before Tax of Kshs. 22.9 billion in Q2 2025. Total assets grew by 3% year on year to Kshs. 1.8 trillion, while customer deposits rose by 2% to Kshs. 1.32 trillion. Net loans increased by 4% year on year to Kshs. 825.1 billion. Regional subsidiaries contributed 49% of total deposits, 50% of the loan book, and 46% of profit before tax, with markets such as DRC, Rwanda, Uganda, and Tanzania recording strong growth in profitability, deposits, and loans. This performance underscores Equity’s successful transformation from a Kenyan bank into a regional financial powerhouse with an expanding footprint across East and Central Africa.

Equity Group’s half-year net profit rises to Kshs 34.6 billion from Kshs 29.6 billion

by Matooke Republic
3 weeks ago

...

Next Post

Slap saga lifts lid on alleged toxic and unhealthy working environment created in Trade Ministry by PS Ssali

John Musinguzi Rujoki, the Commissioner General of Uganda Revenue Authority addressing traders.

What is EFRIS? The system that has caused a standoff between URA and Traders

RECOMMENDED

Senior Police Officer Musa Walugembe found dead in his home

September 3, 2025

Minister Mao’s wife Beatrice Nambi declared DP flag bearer for Kampala Lord Mayor

September 3, 2025
  • 642 Followers
  • 23.9k Followers

MOST VIEWED

  • Uganda vs Senegal: CAF reduces online ticket purchases per person ahead of quarter-final clash this Saturday

    574 shares
    Share 230 Tweet 144
  • How to buy tickets for CHAN 2024 matches in Uganda

    554 shares
    Share 222 Tweet 139
  • FULL LIST: Winners and Losers in the NRM CEC Elections

    141 shares
    Share 56 Tweet 35
  • Jose Chameleone’s wife Daniella Atim files for divorce over desertion and emotional neglect; Seeks custody of five children and ownership of Sseguku matrimonial home

    82 shares
    Share 33 Tweet 21
  • New Desire Luzinda nud3s leak: Is she back to naked past?

    243 shares
    Share 97 Tweet 61
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.