Tag Archives: SACCOs

  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 …

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 …

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 …

Kampala, Uganda | THE INDEPENDENT | Bukedea district leaders are questioning the criteria used for selecting beneficiaries 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 is given …

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 …

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 …

Kampala, Uganda | THE INDEPENDENT | A cross section of the public has expressed mixed reactions to the Traffic and Road Safety Bill, 2019 that was passed in Parliament on Wednesday. The Bill, passed by parliament with amendments, provides for the powers of the Minister for transport, registration and licensing and …

Kampala, Uganda | THE INDEPENDENT  | The Finance Ministry is considering introducing a policy that sets standard rates for private audit firms that provide services to microfinance institutions. The Microfinance State Minister, Haruna Kyeyune Kasolo, says the ministry is concerned about the exorbitant costs microfinance institutions are incurring to procure …

Sembabule, Uganda | THE INDEPENDENT |  Multiple registration and borrowing are frustrating the growth of Savings and Credit Cooperative Societies-SACCO’s in Sembabule district, according to the authorities.  SACCO’s are member-founded microfinance institutions established to promote the saving culture and address the financial needs of members in terms of extending credit. However, …

Kampala, Uganda | THE INDEPENDENT | President Museveni has declined to give 3.4 billion shillings to youth leaders. The over 342 youth leaders from different districts who had converged at Dams’ Water Stadium in Jinja on Wednesday asked Museveni to give them 10 million Shillings each to foot their lodge expenses and …