Tag Archives: SACCO

Tororo, Uganda |  THE INDEPENDENT |  Police in Tororo district are holding 25 vendors who were arrested for allegedly staging illegal demonstrations in Tororo town. The vendors closed their lock ups in demands for the proper management of the park including payment of utilities, among others. The 25 vendors were arrested …

THE LAST WORD: The real story of how teachers’ money was stolen and how the wrong guys were framed and jailed THE LAST WORD | Andrew M. Mwenda | On September 9, all major news outlets in Uganda ran a screaming headline: `Microfinance Support Centre officials charged with embezzlement’. It …

Kampala, Uganda | THE INDEPENDENT | The executive director at Microfinance Support Centre, John Peter Mujuni has said that each teachers’ SACCO will directly get its money. President Yoweri Kaguta Museveni pledged to avail 2 billion shillings to the revolving fund from which teachers could get loans to create side …

Kampala, Uganda |  THE INDEPENDENT | There is growing uncertainty and confusion among private school teachers about the proposed teacher’s Relief Fund. Whereas many teachers are still green about the development, several others are holding endless meetings trying to figure out how they can benefit from the funds, which are meant …

Kampala, Uganda | THE INDEPENDENT | Herbert Kabagunzaki, the Rukiga County Member of Parliament has clashed with Rukiga district male youth councilor Michael Mbareeba Kwarikunda over the Presidential initiative on wealth and job creation (Emyooga) in the presence of the Micro-Finance State Minister, Haruna Kasolo. It all started after Mbareeba …

Kampala, Uganda |  THE INDEPENDENT |  Police Exodus Savings and Credit Cooperation Organisation –SACCO Board Chairman Wilson Omoding has downplayed reports of a ban on loans and explained that restrictions are only in place to ensure that only eligible persons access the funds. Omoding’s response comes a few days after some …

Buikwe, Uganda| AFP |  THE INDEPENDENT |  The current lockdown has taken a huge toll on Najjembe Meat and Chicken Vendor’s Savings and Credit Co-Operative-Sacco in Buikwe district. The Sacco, which comprises more than 300 depositors, has been operational for the last three years. The members have depositing between Shillings 10,000 and …

Kampala, Uganda  | THE INDEPENDENT |  The Speaker of Parliament Rebecca Kadaga has advised Muslim journalists to increase savings and invest wisely so that their Savings and Credit Cooperative Organization-SACCO does not collapse. Kadaga made the statement while launching the Muslim Journalists Taqaddum Cooperative Savings and Credit Society Ltd on Friday. …

Kampala, Uganda | THE INDEPENDENT | A surviving group from Uganda Police Force’s 11th intake have regrouped, formed an investment group with an eye on forming their own SACCO. Kakooza Savio Ntensibe, currently a lawyer at the Equal Opportunities Commission (EOC) was on Saturday 15th February, 2020 voted unanimously to …

Kasese, Uganda  | THE INDEPENDENT |  The Parish Community Association (PCA) Program Changing Lives of residents in Bunyangabu district. In 2018, the Office of the Prime Minister launched the program aimed at improving the livelihood of communities at the parish level.   Under the program, a group of 30 members with a …