Tag Archives: SACCOs

COMMENT | TITO MBATHI | Across Africa, hundreds of thousands of refugees have transformed their livelihoods into profitable ventures worthy of attracting corporate and private sector investment. This marks a significant shift from the past, when displaced people were largely viewed as a risk, particularly by financial institutions. Today, evidence is emerging …

  Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda has cut its lending rate to 10% per annum for agriculture-based savings and credit cooperative organisations (SACCOs), in a move that underscores rising competition among lenders targeting Uganda’s rural financial ecosystem. The reduced rate is aimed at improving access to …

Katakwi, Uganda | URN | Katakwi District has cumulatively disbursed approximately 33.8 billion shillings to over thirty-three thousand households across 109 Savings and Credit Cooperative Organisations (SACCOs) under the Parish Development Model (PDM) programme. Patrick Todi, the District Commercial Officer for Katakwi and coordinator for North Teso districts, covering Katakwi, …

Kampala, Uganda | THE INDEPENDENT | Habits of multiple loan access and deceptive practices by some beneficiaries have been identified as serious impediments to the successful implementation of the Parish Development Model (PDM), the government’s latest strategy for transforming households from subsistence to a money economy. Launched in 2022, the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s flagship poverty eradication programme, the Parish Development Model (PDM), is struggling with deep structural and governance failures despite absorbing trillions of Shillings in public funds, Auditor General Edward Akol has revealed. In his December audit report to Parliament, Akol notes that although the …

Kampala, Uganda | THE INDEPENDENT | Pride Bank Limited has been awarded the Agri-Finance Award (Credit Finance) at the prestigious Annual Agricultural Awards. In an evening themed: Celebrating Excellence and Innovation in Agriculture, the award recognizes the bank’s exceptional contribution to agricultural financing and its pivotal role in transforming Uganda’s agricultural …

Gen Saleh hails Uganda’s Boda-Boda Industry as it charts path to formalization and economic sustainability at the National Leadership Retreat Gulu, Uganda | THE INDEPENDENT |  Uganda’s vibrant yet largely informal boda-boda industry has taken a bold step toward formalization and economic empowerment with the successful hosting of the First National …

Kole, Uganda | THE INDEPENDENT | Leaders of Emyooga SACCOs in Kole district have attributed the poor loan recovery rate to political interference, particularly misinformation about the program. Emyooga, a presidential initiative aimed at promoting job creation and improving household incomes, disbursed funds to 33 SACCOs in Kole district in two …

Kampala, Uganda | THE INDEPENDENT | The State House Anti-Corruption Unit (SHACU) has vowed to clamp down hard on ghost Emyooga Savings and Credit Cooperative Organizations (SACCOs) and cause the prosecution of district leaders implicated in the misuse of funds. This commitment was made during a high-level meeting at State Lodge, …

Namisindwa, Uganda | THE INDEPENDENT | Two SACCOs in Namisindwa district have not received the third phase of Parish Development Model-PDM funds worth 200 Million Shillings. The affected SACCOs are Butiru PDM SACCO located at Bukhabusi Sub County and Burumba PDM SAACO in Bukhaweka town council. Robert Nawubela,  a member …