Finance & Banking
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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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Kwania: Emyooga cash delay worries SACCOS
Members of Credit Co-operative Societies (SACCOs) in Kwania district under the Emyooga program have expressed frustration after they were informed that they have to carry on with saving for some time before…
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SACCOs urged to invest savings
Savings and Credit Cooperative Organisations (SACCOs) have been urged to invest their savings in order to grow their profits. Gulu City Mayor-Elect, Alfred Okwonga, who was over the weekend speaking to members…
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Financial literacy key to cooperatives’ success- Kigumba Principal
Samuel Kyaligonza, the Principal, Kigumba Cooperative College in Kiryandongo district, has advised co-operators from the Bunyoro sub-region to acquire financial literacy training if their cooperatives are to succeed. Kigumba is one of…
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Lira district Employees’ SACCO revived after six-year hiatus
The Lira district Employees’ saving and credit cooperative organization (SACCO) has been revived six years after it fell dormant as a result of recurrent challenges. Established in June 2012 with the aims…
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Bunyoro Growers’ Cooperative Union bags Shs 2bn compensation cash
Bunyoro Growers’ Cooperative Union Limited has received Shs 2 bn compensation from the government for losses incurred as a result of the NRA liberation war. This was revealed to Philemon Bagada Rugaaju,…
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West Lango diocese opens SACCO, elects new leadership
Philip Otim, the Apac District Commercial Officer, has been elected Chairperson for West Lango Multipurpose Cooperative Society Limited. The nascent SACCO was opened last December by the Diocese of West Lango under…
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Government injects Shs 1.6bn into Masindi SACCOs
The government has given Shs1.6 bn to 54 SACCOs in Masindi district under the Presidential Cluster Initiative on Wealth and Job Creation (Emyooga). The cash injection was made in fulfillment of a…
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