On behalf of the Board of Directors of Picfare Industries Limited, I welcome you to this sustainability report for the year 2019. As Picfare, we find this a very important initiative and we are very optimistic that it will benefit the management of the company and its stakeholders. We also find this report important since it will help us in tracking our annual activities and goals, particularly the SDGs. We have been organizing CSR awards for the past years and when we learned from UMA how to develop this report we found it important to prepare one for this year and the years to come.

I thus use this opportunity as well to thank all board members, management, stakeholders, staff, and our esteemed customers who have always made it a point to support us.

The story of Picfare, now proud to be Uganda’s largest printed paper-products solutions provider began in 1981 in small premises in 2nd Street, Kampala. In 1992, we began producing exercise books and catering to the import substitution in local markets. After learning the importance of education in Uganda, and acquiring Nytil, we moved to Njeru, Jinja to expand our capacity and consolidate synergy. Now, we are on a rigorous development track – increasing our product range the day. We have ventured into the printing business and have appeared as the first government-approved “Security Printing Company”.

We have developed our own design studio with a highly qualified team. Today our products are not only available across the country but also cater to neighboring countries. To serve our growing clientele needs, we have acquired a state-of-the-art Flexo printing press which has substantially expanded our printing services.

Chairman

 Mr Kishor Jobanputra

13 March 2020