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Tag Archives: SACCOs

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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Mistrust, bureaucracy hindering effectiveness of Emyooga program in Masaka

Masaka, Uganda | THE INDEPENDENT | Bureaucratic tendencies and mistrust among beneficiaries have been blamed for the slow progress of the Emyooga program in Masaka. Several of the intended beneficiaries in the area have continuously lost interest in the program with some withdrawing their membership from Savings and Credit Cooperatives- SACCOs. …

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Mukono Saccos fail to recover Emyooga funds

Kampala, Uganda | THE INDEPENDENT | Savings and Credit Cooperative Organization-Saccos in Mukono district are yet to recover funds that were disbursed to beneficiaries under the Emyooga program. The district registered 1,093 associations forming 51 Saccos in Mukono North, Mukono South and Nakifuma County. Each of the Saccos received 30 Million …

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CID hunts Sacco leaders for embezzling teacher’s funds

Kampala, Uganda | THE INDEPENDENT | The Criminal Investigations Directorate is hunting for more than 70 teachers accused of swindling money released by the government for teacher’s Savings and Credit Cooperation Organisations- Saccos. In an effort to boost the welfare of teachers following numerous strikes over poor pay, President Yoweri Museveni …

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Private teachers petition parliament over UGX 20Bn relief fund

Kampala, Uganda | THE INDEPENDENT  |  The Uganda Private Teachers Union has petitioned parliament over the 20 Billion Shillings pledged to private teachers to help them recover from the effects of the covid-19 outbreak. In July 2020, President Museveni pledged 20 Billion Shillings to support teachers in private schools who were …

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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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