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Tag Archives: SACCO

Museveni donates shs300 million to Rukungiri farmers SACCO

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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VetWealth SACCO AGM set for Saturday September 21 at Makerere

  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 …

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Most of Museveni money for Mbarara SACCO vanishes

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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UPDF SACCO ‘Wazalendo’ to hit shs.1trillion assets by 2025

Kampala, Uganda | THE INDEPENDENT | Colonel Freddy Joseph Onata, the Chief Executive Officer of the UPDF’s Savings and Credit Cooperative -Wazalendo, has expressed confidence to achieve their target of being a One trillion asset institution by next year. He said said the SACCO boasts a membership of over 100,000, share capital of …

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Police SACCO struggling with massive withdrawals

Kampala, Uganda | THE INDEPENDENT | The continuous withdrawals by police officers are posing a significant threat to the existence of Exodus Savings and Credit Cooperation Organization (SACCO). Established in 2007 during the tenure of Gen Edward Kale Kayihura as Inspector General of Police (IGP), the Exodus SACCO aimed to …

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Police cautions SACCOs, mobile agents ahead of Christmas

Kampala, Uganda | THE INDEPENDENT |  As the year-end festivities and business transactions pick up pace, the police have issued a warning to mobile money dealers and Village Savings and Credit Cooperation Organizations (SACCOs), highlighting their susceptibility to armed robberies during this period. This follows a recent surge in armed …

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SACCO leaders in Serere ordered to refund PDM cash

Soroti, Uganda | THE INDEPENDENT | The Minister of State for Fisheries, Hellen Adoa Abeku has ordered the Savings and Credit Cooperative Organization (SACCO) leaders in Serere to refund money allegedly extorted from residents seeking to benefit from the Parish Development Model (PDM) program. The orders were made during a …

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