Tag Archives: SACCO

Rukungiri, Uganda | THE INDEPENDENT | President Yoweri Museveni has donated 300 million Shillings to the Bonabagagawale-Nyekundiire Group to support farmers and older needy persons. Nyekundiire has over 180,000 members drawn from six districts which include Rukungiri, Rukiga, Ntungamo, Rubanda, Kabale and Kisoro. Peace Rugambwa Twinamatsiko, Nyekundiire Chairperson said Museveni’s 300 …

  Kampala, Uganda | THE INDEPENDENT | The 2024 Veterinary Wealth Sacco Annual General Meeting (AGM) will be held next Saturday, September 21 at Media hall, COVAB, Makerere University from 9am. The theme this year is “Empowering the Vets to unlock their full potential through financial inclusion.” The general secretary Uganda …

Mbarara, Uganda | THE INDEPENDENT |  An audit report on the operations of Mbarara Central Market Vendors Savings Cooperative Society has found that part of the money donated by President Yoweri Museveni can not be traced. The SACCO received sixty million shillings from the president as a donation for startup …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has thrown his weight behind medium and small financial sector players demanding a one stop regulation centre, saying that multiple centres lead to confusion in which gullible Ugandans may be abused and exploited. The President whose message was delivered by the …

Will the President’s move to cap interest rates charged by money lenders and his suggestions on regional markets yield tangible results, or are these just passing remarks? Kampala, Uganda | JULIUS BUSINGE | In his latest State of the Nation Address 2024, President Yoweri Museveni wants to cap interest rates charged …

Kampala, Uganda | THE INDEPENDENT | Colonel Freddy Joseph Onata, the Chief Executive Officer of the UPDF’s Savings and Credit Cooperative -Wazalendo, has expressed confidence to achieve their target of being a One trillion asset institution by next year. He said said the SACCO boasts a membership of over 100,000, share capital of …

Jinja, Uganda | THE INDEPENDENT | Former Deputy Chief of Defense Forces, Lt. Gen. Peter Elwelu, has urged the leadership of Wazalendo to prioritize the economic advancement of all its members, regardless of their ranks within the UPDF. Speaking at the Wazalendo annual general meeting held at Jingo City’s Gaddafi …

Kampala, Uganda | THE INDEPENDENT | The continuous withdrawals by police officers are posing a significant threat to the existence of Exodus Savings and Credit Cooperation Organization (SACCO). Established in 2007 during the tenure of Gen Edward Kale Kayihura as Inspector General of Police (IGP), the Exodus SACCO aimed to …

Kampala, Uganda | THE INDEPENDENT |  As the year-end festivities and business transactions pick up pace, the police have issued a warning to mobile money dealers and Village Savings and Credit Cooperation Organizations (SACCOs), highlighting their susceptibility to armed robberies during this period. This follows a recent surge in armed …

Soroti, Uganda | THE INDEPENDENT | The Minister of State for Fisheries, Hellen Adoa Abeku has ordered the Savings and Credit Cooperative Organization (SACCO) leaders in Serere to refund money allegedly extorted from residents seeking to benefit from the Parish Development Model (PDM) program. The orders were made during a …