Sunday , February 23 2020
Home / Tag Archives: SACCO

Tag Archives: SACCO

Uganda Police ’11th Intake’ pick leaders, plan own SACCO

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 …

Read More »

Parliament passes traffic and road safety bill

Kampala, Uganda  | THE INDEPENDENT |  Parliament has passed the Traffic and Road Safety Act 1998 (Amendment) Bill, 2019. The bill among others will strengthen road transport regulation and road safety management in Uganda, address existing challenges such as new and emerging trends, increased number of road users including motorcycles, increased …

Read More »

Masaka elder’s sacco over the verge of collapse as wrangles persist

Masaka, Uganda | THE INDEPENDENT  |  The future of Masaka Elder’s Savings and Credit Cooperative Society Limited hangs in balance because of unresolved management disputes threatening its stability.  The SACCO, which started in 2006, is meant to attend to the emerging financial needs of elderly persons in greater Masaka sub region. …

Read More »

Mixed reactions as gov’t rolls out another initiative for wealth creation

Kampala, Uganda | THE INDEPENDENT  | The Government has rolled out another initiative in parishes targeting specialized groups in a move aimed at job creation and improving household incomes. In the Presidential Initiative on wealth creation and job creation locally referred as Emyooga, each Savings and Credit Cooperative Organization (SACCO) …

Read More »

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 …

Read More »

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 …

Read More »