The corporate world was marked by various developments that helped to scale the economic landscape to greater heights, through investments and subsequent job creations in the year 2014. To acknowledge such extraordinary achievements, the Uganda Investment Authority hosted the Investor of the Year Award luncheon at the Imperial Royal Hotel, Kampala on the 12th of December 2014. Among the nominations of significant key players from every walk of business in the country, Pearl Dairy Farms emerged winner of this special honor. The award was given away by none other than the Honorable Prime Minister, Dr. Ruhakana Rugunda himself. The award recognized the investment value of the project, the sustainable business model, value addition in the dairy chain, foreign currency earnings and most importantly job creation and rural development through its businesses.
Situated in the Mbarara region, the Pearl Dairy farms manufactures the much touted retail milk powder brand Lato Milk. The processing plant which started operations in the year 2012, with a conspicuously mammoth capacity of 500, 000 liters per day, primarily gave the local farmers a means for sustainable income for their produce of raw milk. The region which was particularly known for its abundant milk production found a fair buyer in Pearl Dairy. The project also created over 10000 jobs directly and indirectly through its operations and soon became one of the most prominent large scale processors in the region. Quite recently, their brand of Instant Milk Powder, Lato Milk was introduced in the retail market which has already created its space in this ever competitive market segment. With the stupendous growth and presence that the brand has managed to garner in this short period of time, the future certainly looks promising for Pearl Dairy, its shareholders and associates and the community.