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Tag Archives: SACCO

Masaka elders’ SACCO loses UGX 400 million to fraud

Masaka, Uganda | THE INDEPENDENT  |  Masaka Elders Savings and Credit Cooperative Society – SACCO Limited has lost at least 399.7 million shillings to fraud, a special financial audit has revealed. An audit report by Felbright and Company auditors read before the SACCO’s special general meeting convened in Masaka has revealed …

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Teachers’ Sacco to get sh7 billion

  Kampala, Uganda | THE INDEPENDENT | Walimu Cooperative Savings and Credit Union Limited will receive over shs7 billion in fulfillment of a presidential pledge of shs25 billon. The State Minister for Finance, David Bahati said that the money will be channeled from to the teachers’ SACCO from the Microfinance …

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Police Exodus sacco creates banking hall to end chaos

Kampala, Uganda | THE INDEPENDENT | Police’s Exodus Savings and Credit Cooperative organisation (Sacco) has established a banking hall to ease the process for police officers seeking to access their funds. The decision follows spates of chaos at the police headquarters Exodus Sacco offices arising out of lengthy queues and the …

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Lack of women in UWEZO leadership Irks Angina

Kampala, Uganda | THE INDEPENDENT | Operation Wealth creation (OWC) Deputy Coordinator Lt. Gen. Charles Angina, has decried the absence of women in the leadership of the UPDF backed UWEZO Cooperative and Investment Society. UWEZO Sacco was launched in 2014 with an aim of promoting economic transformation among the officers …

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Former SACCO manager fails to account for UGX 170M

Kampala, Uganda | THE INDEPENDENT | Auleriano Byarugaba, the former manager for Ruharo Savings and Credit Cooperative Society-SACCO in Ishaka-Bushenyi municipality is on the spot for failure to account for 170 million shillings. The manager at the beginning of the year resigned his position at a time when the district public …

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Hope as Museveni’s youth initiative takes shape

Kampala, Uganda | JULIUS BUSINGE | Uganda has the world’s youngest population with over 78% of its population below the age of 30. With just under eight million youth aged 15-30, the country also has one of the highest youth unemployment rates in Sub-Saharan Africa. Such a high and unemployed youth …

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Bdf- Women’s bridge to accessing finance

Kampala, Uganda | THE INDEPENDENT | BDF is an independent company that was created in collaboration of the Government of Rwanda and the Development Bank of Rwanda (BRD). The fund is one of the implementing institutions of the National SME Development Policy and has been mandated to implement the “Access …

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