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Tag Archives: SACCOs

SACCOs ask gov’t to expedite release of emyooga funds

Kampala, Uganda | THE INDEPENDENT | Savings and Credit Cooperative Organizations- SACCOs have raised concern about the delay to release funds under the emyooga program. More than 356 SACCOs were registered in Kampala to benefit from the 26 Billion Shillings. By February 12th, the government had disbursed over 4.240 billion Shillings …

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Kigezi cooperative union struggling to restore societies

Rukungiri, Uganda |  THE INDEPENDENT  |  Kigezi Cooperative Union is struggling to restore primary farmer’s societies in an attempt to reinvent itself and engage in the coffee business. Registered in the 1960s, Kigezi co-operative union society progressed into one of the strongest coffee farmers’ cooperative movements in the country. However, the …

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Kitagwenda emyooga beneficiaries protest under funding

Kampala, Uganda | THE INDEPENDENT | Beneficiaries of the emyooga programme in Kitagwenda district are protesting under funding of their Saccos. Launched in August 2019, the programme aims at creating jobs and improving household incomes of Ugandans in the boda boda industry, taxi drivers, restaurant owners, welders and market vendors. The …

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EMYOOGA: 5,654 SACCOs yet to receive funds

Kampala, Uganda |  THE INDEPENDENT  |  Less than half of the Savings and Credit Cooperative Societies- SACCOs that the government registered to benefit from the Emyooga Initiative have received the funds. The initiative aimed at creating jobs and improving household incomes Ugandans in the Boda Boda industry, taxi drivers, restaurant owners, …

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Government disburses UGX 4.24 billion for Emyooga in Kampala

  Kampala, Uganda | THE INDEPENDENT | The government has disbursed 4.240 billion Shillings to 140 Savings and Credit Cooperative Organizations-SACCOs in Kampala as part of the Emyooga initiative. The initiative is aimed at creating jobs and improving household incomes for 68 percent of Ugandans in the boda boda industry, taxi …

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51 SACCOs receive Emyooga funds in Katakwi

Kampala, Uganda | THE INDEPENDENT | 51 Savings and Credit Cooperatives-SACCOs in Katakwi district have each received 30 Million Shillings under the presidential initiative on job and wealth creation commonly known as Emyooga. The zonal manager, Micro Finance Support Center in Soroti, Simon Peter Egiriat says that each SACCO will receive …

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Formation of SACCOs stirs confusion among Emyooga beneficiaries in Mukono

Kampala, Uganda | THE INDEPENDENT | Groups that subscribed to benefit from the presidential initiative for wealth and job creation ‘Emyooga’ in Buvuma and Mukono district have raised concerns about the formation of Savings and Credit Cooperative Societies- SACCOs. Several group members claim that they were promised to receive and have …

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UN, Stanbic bank launch fundraising drive for SACCOs

Kampala, Uganda | THE INDEPENDENT | The UN and Stanbic Bank have launched an initiative in which they hope to raise up to USD 100 million to help small and informal enterprises out of the effects of the COVID-19 pandemic. The initiative dubbed, the Economic Enterprise Restart Fund is a three-year …

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Kigezi leaders doubt effectiveness of ‘Emyooga’ initiative

Kampala, Uganda | THE INDEPENDENT | Leaders in Kigezi sub-region are skeptical about the effective implementation of the Presidential initiative on wealth and job creation program. The program commonly known as Emyooga targets SACCOs formed in 18 specialized fields that need capital to boost their incomes. Each SACCO will be …

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