New Wazalendo SACCO Board Assumes Office
KAMPALA, April 15, 2026 — The newly elected Board of Directors and Supervisory Board of Wazalendo Savings and Credit Cooperative Society [WSACCO] have officially assumed office following their election at the recently concluded 20th Annual General Meeting in Jinja.
The handover ceremony took place yesterday at the SACCO headquarters in Kiwatule, Kampala.
Presiding over the ceremony, the Chairperson of the Board of Directors, Lt Gen Sam Kavuma, commended the outgoing board for its dedicated service and achievements during its tenure. He urged members to remain active ambassadors of the SACCO and to continue promoting its values within their professional duties.
“You have left office, but you have not left Wazalendo. You remain the right people to market the SACCO,” Kavuma said.
He called on the incoming leadership to work closely with management to ensure smooth and efficient service delivery to members, underscoring the importance of maintaining a cordial working relationship between the board and management — a factor he said has been key to the SACCO’s growth.
Kavuma cautioned that, as the SACCO continues to expand, emerging risks must be carefully managed. He stressed the need to safeguard the institution, warning that poor governance or weak controls could undermine service delivery and pose broader risks.
The Chairperson of the Supervisory Board, Brig Gen Justus Rukundo, also commended the outgoing board for its exemplary service.
He noted that the Supervisory Board’s role is to protect members’ interests, adding that this mandate had been effectively supported by the outgoing leadership.
Speaking on behalf of the outgoing board, Col Allan Kitanda expressed appreciation to the UPDF leadership for the opportunity to serve WSACCO members.
He thanked both the board leadership and management for their teamwork and support, urging the incoming team to prioritise institutional interests over individual considerations.
On behalf of the incoming board, Brig Gen Peter Gaitano Omola expressed gratitude to the UPDF leadership for the trust placed in him and his colleagues.
He reflected on his long association with the SACCO, recalling initial resistance to its formation before its benefits became evident.
“I am among those who joined the SACCO at its inception. At the time, there was some resistance within the forces, but I later appreciated its impact and became deeply passionate about it,” he said.
He paid tribute to the outgoing leadership, particularly the board chairperson, for what he described as exemplary service, and pledged to uphold the SACCO’s legacy of integrity and growth.
New board members
The newly elected Board of Directors is chaired by Lt Gen Sam Kavuma, with Brig Gen Peter Omola as Vice Chairperson, Col James Okiring as Treasurer, and Maj Mariam Kagoro representing gender interests.
Regional representatives include Capt Dathan Bunanukye [Western Region], Capt Isaac Bisaalu [Central Region], Capt Nathan Mwebasa [Northern Region], WOII Peter Osuku [West Nile], and WOII Wilber Bashaija [Eastern Region].
The Supervisory Board is headed by Brig Gen Justus Rukundo as Chairperson, with Maj Newton Namaziima as Vice Chairperson and Capt Asha Praise Mbwali as Secretary.
The ceremony was attended by the Company Secretary, Col Dan Tizihwayo, the Chief Executive Officer, Col Yusuf Magero Buha, directors, and heads of department.
https://thecooperator.news/wazalendo-saccos-total-assets-grow-to-over-shs-1trillion/
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