Kampala, Uganda | THE INDEPENDENT | After consulting a good number of its members, the National Social Security Fund has put in place a benefits payment plan that will allow qualifying members to retain part of their savings with the Fund at the point of exit so as to avoid misappropriation …
Read More »Managing a Shs 180bn SACCO
Col. Simon Ocan is the chief executive of Wazalendo, the SACCO for the Uganda People’s Defense Forces (UPDF). He spoke to Flavia Nassaka about their operations and pertinent issues to the cooperative movement in the country. What are the key elements in your management style? In management, there are three …
Read More »How Mobile Money Increases Likelihood of Saving In Uganda
Uganda has been classified as one of those countries with a low saving culture. However, a new study on Mobile Money and Individual Savings in Uganda carries some optimism. In Musa Mayanja Lwanga and Annet Adong’s paper; “A Pathway to Financial Inclusion”, mobile money could affect people’s attitudes towards saving. …
Read More »Why are savings patterns so different?
By Keyu Jin It’s time to focus away from global imbalances to the divergence in world savings behavior Ever since the integration of emerging markets into the global economy began in the early 1990’s, three striking trends have emerged: a divergence in private savings rates between the industrialised core and …
Read More »