Katakwi SACCO inaugurates first board
KATAKWI, September 26, 2024 – The Akoboi Sub-county Savings and Credit Cooperative Society [ SACCO ] in Katakwi district has inaugurated its first board of directors, calling on its members to embrace teamwork and innovation if the SACCO is to grow.
The newly elected board includes Charles Ongosa [Chairperson], Moses Abiang [Vice-chairperson], Barbrah Amongin [Treasurer], Samuel Oburatum [Secretary], and Emmanuel Olinga [Secretary for Publicity and Mobilization].
Other members are Annet Omal, Samuel Okwi, Gabriel Okure, and Naume Amuron. These members had served as interim board members since the SACCO’s inception in May 2024, which currently has 30 members.
The board was approved during a meeting at Omodo Trading Centre on Monday. In the same meeting, five members were elected to the Supervisory Committee [SUPCO], including Ekode Emmanuel, Moses Abiang, Okiror Joseph, and Jessica Opus.
Both the executive board and SUPCO will serve a two-year term [2024-2025], which is renewable according to the SACCO’s constitution.
In his inaugural address, Chairperson Charles Ongosa thanked the members for their trust and pledged to mobilising more members to join the SACCO.
Samuel Okiror, Chairperson of the Vetting Committee, emphasised the importance of teamwork, stating, “Remember, you are working for yourselves, not as hired outsiders. Your collective effort is essential for moving the SACCO forward.” He also pledged to provide technical guidance to the board if needed arises.
Okiror urged the leaders to focus on two key areas: providing affordable financial services and improving members’ welfare.
Jorem Obukui, the LCIII Chairperson of Akoboi Sub-county, encouraged members to support both the board and SUPCO in their efforts to move the SACCO forward.
He stressed the importance of members taking ownership of the SACCO and embracing a culture of saving. “Many want to join the SACCO but hesitate to invest their own money, expecting donations from politicians. This mentality has undermined many SACCOs in the district,” Obukui remarked.
Akoboi Sub-county SACCO was established on May 26, 2024. According to the SACCO’s constitution, each member is required to pay Shs 10,000 for shares and save Shs 20,000 monthly. In just four months, the SACCO has amassed savings totaling Shs 2.4 million.
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