Moses Ali summons West Nile leaders over Walimu SACCO funds
The First Deputy Prime Minister Moses Ali has invited Local Government leaders from West Nile over the Shs.399.850,000 received by teachers’ SACCOs hailing from the sub-region.
In a letter dated 30th July 2019 and addressed to the LCV Chairpersons of Koboko, Adjumani, Arua, Maracha, Yumbe, Nebbi, Moyo, Zombo, Pakwach, Obongi and Madi Okollo which theCooperator has seen, Gen(rtd) Moses Ali is inviting the leaders to a meeting on 6th August at Heritage Courts Hotel in Arua, noting that “it was deemed prudent that a meeting of all stakeholders be convened” to among others; sensitize them about the Teachers’ SACCO funds, ensure that all leaders in West Nile benefit from the funds and carry out capacity building for leaders and members of SACCOs about best SACCO management practices.
The invitation letter, which was copied to all the sub-region’s Resident District Commissioners, Chief Administrative Officers, District Commercial and Education Officers, Town Clerks, Chairpersons of SACCOs and SACCO board members, also noted that the meeting would seek to determine a savings and loan recovery model that shall be convenient for all SACCOs in the sub-region.
The Chairperson of Walimu SACCOs Union has also been invited to attend.
The money is part of the Shs.25billion committed by the government in 2010 to Walimu SACCO – the umbrella Union of all teachers’ SACCOs in the country. The commitment by President Museveni followed incessant demands by teachers for a salary increment and was intended to create a central fund from which all teachers across the country could borrow at affordable interest rates.
The money was supposed to be released in installments of shs.5billion every year, starting with the 2011/2012 financial year. So far, Shs.17.085 billion has been released, with the last installment of Shs.1.3billion released last month.
