Finance & Banking
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Budget: Kwania Cooperatives Get Shs 89m
KWANIA –The district local council has allocated Shs 89,378,000 million to run cooperatives next financial year. The money will go to the 14 fully registered Saccos in the Northern district, and 917 Village…
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Museveni gives truck, Money to Gulu sacco
GULU –President Yoweri Museveni has given a Fuso truck and Shs 20m to Gulu Main Market Vendors’ Cooperative Savings and Credit Society Limited –honoring a pledge he made three years ago in…
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Kwania boda operators Protest government tax
A government-pushed proposal to levy an extra tax of Shs 50,000 on motorcycles has touched off a fierce debate and protest among members of Kwania Boda Boda Savings and Credit Cooperative Society…
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Rwampara SACCOs Get Nod To Borrow Emyooga Funds
RWAMPARA – April 14 was a day of celebration and a moment of renewed hope for members of saving groups in the Western district of Rwampara after they got the official nod…
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Emyooga accounts Frozen over cash theft
KIKUUBE – A slow-simmering scandal over the theft of Emyooga cash from a SACCO bank account in the western district of Hoima and the arrest of a local official there has brought…
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Cooperative fight over assets Spilled into public view
Enock Rusibika, the chairman and his co-executive leaders of Rubaya Cooperative Society Ltd, are battling very damaging accusations of selling the cooperative’s truck registration number UAJ 9791W in March without consulting members.…
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SACCO Boss Jailed Over Emyooga Cash Theft
KIKUUBE –Authorities in the Western District of Kikuube have arrested John Paul Mugabi, the chairman of Buhaguzi Constituency Mechanics Saving and Credit Co-operative Society (SACCO), on suspicion of stealing Shs 21 million…
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Tempers flare in Kwania over ‘emyooga money
The long-delayed release of emyooga funds, poverty eradication cash, in Kwania is fanning a wave of raging anger in the Northern District. Aduku Town Council leaders have asked the government to explain…
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Odongo was poor but Loro-Oyam Sacco lifted him out of poverty
In 2016 Pasquelli Odongo, 42, dreamt of building a residential house in his village, Ayom-Apwono, in Aber Sub County, and five years later he is a proud owner of a modest three-room…
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