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Tag Archives: SACCO

Government to protect Sacco savers’ deposits

Kampala, Uganda | THE INDEPENDENT | SACCO savers are set to get relief from the rampant losses due to group dissolution or liquidation as well as closures for any reason, as the government is set to implement a fund to secure their savings with different SACCOs in the country. The SACCO …

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Emyooga beneficiaries in Kasese record success from the program

Kasese, Uganda | THE INDEPENDENT | Beneficiaries of Emyooga program in Kasese district are reporting success since the program was rolled-out in the district more than a year ago. Program beneficiaries who interacted with URN say the seed capital has helped them start or grow their businesses, learn business and saving cultures …

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Police retirees hunted over unpaid UGX 1.2Bn SACCO loans

Kampala, Uganda | THE INDEPENDENT | The leadership of the Police’s Savings and Credit Cooperative Organization (SACCO) is looking for over 100 retirees with unpaid loans worth 1.2 billion Shillings. The chairman of the Police’s Exodus SACCO Wilson Omoding says a majority of the non-performing loans were taken by police officers …

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Deputy Speaker calls for audit of police Sacco

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker Anita Among has directed the Auditor General to investigate Exodus, a Uganda Police SACCO after Members of Parliament cited irregularities in its operations. Among said the situation in which police officers were living was bad and that encroaching on their savings called …

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EMYOOGA: Each constituency to receive additional sh360M

  Masaka, Uganda | THE INDEPENDENT |  Minister of State for Finance, Planning and Economic Development in charge of Microfinance Hajj Haruna Kasolo Kyeyune has announced an additional sh360 million to be injected into the program in each constituency, with each well-performing SACCO set to receive 20 million. The additional seed …

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Gov’t relaxes requirement to access emyooga cash in banks

Kampala, Uganda | THE INDEPENDENT | The government has relaxed conditions that require Emyooga Savings and Credit Cooperative Societies to seek recommendations from district commercial officers before they access money on their bank accounts. In 2020/21, the government released 30 Million Shillings to each of the 18 Emyooga Savings and Credit …

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Chairpersons of Emyooga Saccos in Ankole struggle to recover funds

Kampala, Uganda | THE INDEPENDENT | Chairpersons of Emyooga Savings and Credit Cooperatives in the Ankole region are struggling to recover Emyooga funds. Emyooga was launched in 2019 aiming at creating jobs and improving household incomes of Ugandans in various categories including the boda boda riders, journalists, taxi drivers, restaurant owners, …

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Rubanda deputy speaker arrested in Emyooga scandal

Rubanda, Uganda | THE INDEPENDENT | The deputy speaker of Rubanda district, Pierre Mbabazi Nyetegyereize and two others are in trouble for alleged mismanagement of funds meant for the Kabale Journalists Emyooga Sacco. Mbabazi, who doubles as the Hamurwa sub county LC V councilor was arrested on Monday for fraudulently acquiring …

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