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Tag Archives: SACCOs

Minister gives Buvuma leaders two weeks ultimatum to return Emyooga funds

Buvuma, Uganda | THE INDEPENDENT | The State Minister for Micro-Finance, Haruna Kyeyune Kasolo has given Buvuma district officials a two-week ultimatum to return the money they borrowed from various Savings and Credit Cooperative Societies-SACCOs under the Emyooga program. According to information obtained by URN, 16 Saccos in Buvuma district received …

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Private teachers petition education committee on relief funds

  Kampala, Uganda | THE INDEPENDENT | Private school teachers have asked Parliament to urge government to provide funds towards the Savings and Credit Cooperative Organizations-SACCOs for private teachers, despite the group failing to organize themselves to obtain the initial 20 billion Shillings Covid-19 presidential grant. The private teachers leaders under …

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Emyooga was poorly executed – Parliament

Kampala, Uganda | THE INDEPENDENT | The Emyooga programme across the country was poorly implemented, Members of Parliament have unanimously agreed. The legislators during plenary on Thursday, 16 September, 2021, criticised the government for the systemic failure in the implementation of the presidential Initiative rolled out in October 2020 aimed at …

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On Mwenda’s self-destructive impulses

Why not exploit opportunities for public private partnership instead of focusing on loans from local banks? COMMENT | RUGABA AGABA | Andrew Mwenda’s “Uganda’s self-destructive impulses” in the Independent Magazine of August 9, 2021 raises interesting perspectives on Uganda’s banking industry and local capital development for social economic transformation. Whereas …

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Over 2000 city casual workers fear for their jobs

Kampala, Uganda | THE INDEPENDENT | Tension is mounting among casual labourers employed by Kampala Capital City Authority-KCCA. This follows a decision by 7 Hills, which is volunteering with KCCA to recruit workers for the same jobs held by casual labourers. One of the workers who chose to identify himself …

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Sh11 billion for teachers vanishes, 9 arrested

Kampala, Uganda | THE INDEPENDENT | Nine people have been arrested in connection to the embezzlement of Sh11 billion meant for teachers. The money was part of the Sh25 billion which was released by the Ministry of Finance as a revolving fund to improve the welfare of teachers in government …

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Bunyangabu district MPs task RDC to investigate ghost Saccos

Bunyangabu, Uganda | THE INDEPENDENT | Members of Parliament from Bunyangabu district have tasked the Resident District Commissioner Jolly Tibamanya to investigate the validity of Emyooga associations. Davis Kamukama, the Bunyangabu County MP and Peace Mutuuzo Regis, the District Woman MP who are currently assessing the impact of the Emyooga program …

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Mukono municipality freezes accounts of Emyooga beneficiaries over irregularities

Kampala, Uganda | THE INDEPENDENT | Mukono municipality commercial officer Minisa Namukose has instructed banks to stop disbursing money to Savings Credit and Cooperative Societies-SACCOs registered under the Emyooga initiative. This follows irregularities unearthed during the assessment of the program by Members of Parliament. The government disbursed 560 Million Shillings to …

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Emyooga funds spent on unregistered Saccos in Kyotera

Kyotera, Uganda | THE INDEPENDENT | Members of Parliament from Kyotera district have queried the criteria used to spend more than one billion Shillings under Emyooga, a presidential initiative aimed at wealth and job creation. The scheme was launched in 2019 to enhance the entrepreneurial capacity of selected enterprises and groups …

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