cooperatives
-
Cooperatives & Communities
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…
Read More » -
Cooperatives & Communities
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…
Read More » -
News
SACCOs grappling with fraud, poor governance
A significant number of Savings and Credit Cooperative Organizations (SACCOs) in Uganda have suffered fraud and poor governance, a new report indicates. The report was released by the Project for Financial Inclusion…
Read More » -
How SACCOs came to dominate Uganda’s Cooperative Movement
As you travel across Uganda, you will not miss a signage with the word “Savings and Credit Cooperative Societies (SACCOs)”. Even businesses that lend money and have nothing to do with formal…
Read More » -
Cooperatives & Communities
Lango Cooperative Union in battle to recover lost assets
The leadership of Lango Cooperative Union is struggling to repossess its prime assets that were lost to private individuals. Formed in 1952 to promote cotton growing in the greater Lango sub-region, it…
Read More » -
Development
Bunyoro leaders urged on sugarcane cooperatives
Leaders from the Operation Wealth Creation (OWC) secretariat have called upon the leadership of Bunyoro sub-region to mobilize sugarcane farmers to form cooperatives. The call was made by former minister for Information…
Read More » -
Cooperatives & Communities
Katuna cooperatives hit hard by Uganda-Rwanda standoff
Cooperatives operating in Katuna town, which is situated in Kabale district, along the Uganda-Rwanda border, have decried the ongoing standoff between the two countries, saying it has cost them business. Relations between…
Read More » -
Cooperatives & Communities
Savings groups warned against sharing savings for Christmas
Rogers Byamukama, the Federation of Uganda Football Association’s (FUFA) delegate for the Albertine region, has condemned the practice, widespread among savings groups in Masindi district, of sharing their savings among members to…
Read More » -
Cooperatives & Communities
Operation Wealth Creation donates tractor to West Lango diocese
In a bid to boost commercial farming and improve the livelihoods of local farmers, the government through Operation Wealth Creation (OWC) has donated a brand new tractor worth 65m to the Diocese…
Read More » -
Shs 40m Museveni cash splits Nebbi vendors
Vendors in Nebbi main market under their umbrella, Nebbi Vendors Association, are at loggerheads over a Shs 40m presidential grant meant to help them kick start a SACCO. The money, which was…
Read More »