Data shows more than 70% of PEWOSA SACCO members are women, underlining the initiative’s potential to deepen women-led enterprise and inclusive growth in rural communities Kampala, Uganda | THE INDEPENDENT | For more than a decade, Frank Nyanzi, a 57-year-old coffee farmer from Madudu Sub-county in Mubende District, …
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Kampala, Uganda | THE INDEPENDENT | Bank of Uganda extended the deadline for the registration of SACCOs by six months, amidst opposition from the leadership of the cooperative movement over the planned regulatory takeover. This extension, which follows various meetings between the leaders of the cooperatives and various government …
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Kampala, Uganda | THE INDEPENDENT | Presidential aide Henry Lutwama has urged clan leaders in Buganda to use organised savings as a tool for wealth creation, warning against diverting SACCO funds to non-productive expenses. Lutwama, the Special Presidential Assistant and Coordinator of Bataka Affairs in Buganda, made the remarks on …
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Mbarara, Uganda | THE INDEPENDENT | Pride Bank Limited launched a new SACCO and Investment Club Product in Mbarara, a move the institution says will expand financial inclusion by giving savings groups better access to structured credit, training, and business support. The product is designed for SACCOs, Village Savings and Loan Associations (VSLAs), …
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Mbale, Uganda | THE INDEPENDENT | Mbale Resident City Commissioner (RCC) Asumin Nasike, has ordered the disbandment of the Bulweta SACCO committee following allegations of extortion. She issued the directive on Sunday during the launch of the Bukonde PDM Women’s SACCO in Mbale City, Northern Division. Nasike accused the Bulweta SACCO …
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Wakiso, Uganda | THE INDEPENDENT | Security agencies are hunting for a group of thugs who vanished with a private security guard’s firearm following a foiled robbery at a village Savings and Credit Cooperative Organization (SACCO) in Gganda, Nansana Municipality, Wakiso District. The attempted robbery occurred around 3 a.m. on …
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Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrates Court has remanded two leaders of the Uganda Liberal Teachers’ Union Members’ SACCO on charges of obtaining money by false pretence and conspiracy to defraud. The leaders are Evans Mutesasira Kaganizo, the SACCO Chairperson resident of Katanga Zone in …
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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 …
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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 …
Read More »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 …
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The Independent Uganda: You get the Truth we Pay the Price
