Finance & Banking
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Poor management to blame for collapsing Lango SACCOs-Expert
Savings and Credit Cooperative Organizations (Saccos) in Lango Sub-region are collapsing due to mismanagement, experts have said. Speaking during a 5-day training of Acan-pe-Kun SACCO members on Thursday, the Chief Executive Officer…
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Kasese journalists’ SACCO gets Emyooga cash
Journalists associations under the umbrella Kasese Municipality Journalists Saving and Cooperative SACCO have received Shs 30m under the Presidential Wealth Creation Initiative, Emyooga. While meeting the Chairpersons of different media associations in…
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Aduku ‘Road Gang’ forms SACCO
Laborers employed to carry out road maintenance within Aduku town council, Kwania district, have formed a Savings and Credit Cooperative Society (SACCO). The SACCO, dubbed “Aduku Town Council Road Gangs’ SACCO Limited,”…
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Mbarara: Emyooga kick off stalls due to registration delays
Kick-off of the Presidential Wealth Creation Initiative (Emyooga) in Mbarara district has stalled due to delays in the registration process, Mbarara District Commercial officer (DCO), Vincent Nuwagaba, has told theCooperator. According to…
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Abulomogo Maize Farmers’ SACCO members receive farm inputs
Members of Abulomogo Maize Farmers’ SACCO have received farm inputs from Ngetta Tropical Holdings, with funding from Micro the Finance Support Centre, to promote sunflower growing. Abulomogo Maize Farmers’ SACCO, formerly called…
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Co-operatives turn to external loans as COVID-19 continues to bite
As the aftereffects of the COVID-19 global pandemic continue to rattle businesses even at the local level, a number of cooperatives have resorted to external loans in order to boost their liquidity.…
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Kwania district launches Teachers’ SACCO
Kwania district officials have launched a teachers’ savings and credit cooperative organization (SACCO). The SACCO, which will accommodate all 1,074 teachers of primary and secondary public schools in the district, was launched…
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Unlicensed SACCOs risk closure, accused of preying on savers
Members of unlicensed Savings and Credit Cooperative Societies (SACCOs) are at risk of losing their hard-earned savings, Philip Otim, the Apac District Commercial Officer, has warned. Available figures indicate that there are…
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Incoming Mwizi SACCO leadership cautioned on integrity
Bob Bariyo Barigye, the Commissioner for Cooperative Development and acting Registrar of Cooperative Societies has called for good governance if cooperatives are to thrive. Barigye made the remarks Friday while officiating at…
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Boda boda operators urged to form SACCOs
Boda Boda operators in Aduku Town Council, Kwania district have been urged to form Savings and Credit Cooperative Societies (SACCOs) as one way to promote economic growth and social cohesion among them.…
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