The Independent Uganda: You get the Truth we Pay the Price
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has fulfilled the 100 million shillings pledge he promised the Savings and Credit Cooperative Organization – SACCO of Gulu University staff.
The President made the pledge in January this year while officiating at the University’s 15th graduation ceremony that took place at the campus in East Division of Gulu city. The support aims at diversifying the staff incomes to enable them meet their growing demands.
James Ojok Onono, the University Assistant Public Relations Officer revealed to Uganda Radio Network – URN that the funds were transferred to the Trusted Friend of Gulu University staff SACCO account on Friday. With their salary as security, they will be able to borrow the money at an interest of 10 percent.
David Obol Otori, the Gulu University secretary applauded the President for keeping his promise. He said the funds will offer quick financial relief to the staff with low and affordable interest rate as opposed to expliotations by commercial banks.
While addressing management on Monday, Prof. George Openyjuru Ladaah, the Vice Chancellor described the development as a good development geared towards boosting the financial status of the of the University.
Established in 2002 for community transformation of post war Northern Uganda, Gulu University is among 11 Public Universities in Uganda with only 441 staff out of 1,343 approved teaching and non-teaching positions.
With an enrollment of over 4,500 students, the University has 56 running academic programmes offered across five different faculties. They include Faculty of Medicine, Faculty of Law, Faculty of Business and Development Studies, Faculty of Education and Humanities and Faculty of Agriculture and Environment.
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