SACCOs
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Cooperatives & Communities
Pooling resources: UCSCU SACCOs raise over Shs 890mln for re-capitalisation
KAMPALA – SACCOs subscribing to Uganda Cooperative Savings and Credit Union [UCSCU] have pooled resources of about Shs 897 million to re-capitalise members as they grow their businesses. Through the central finance…
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Cooperatives & Communities
BoU readying to regulate big SACCOs, pledges to work with UCSCU
KAMPALA– The Microfinance Deposit-Taking Institutions [Registered Societies] Regulations, 2022, will enable the Bank of Uganda [BoU] to license and supervise large SACCOs in the country as mandated under the Tier 4 Microfinance…
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Cooperatives & Communities
Form SACCOS for peaceful retirement-university professor urges civil servants
KWANIA– Civil servants in Uganda can enhance their financial security if they form their own SACCOS that can help them while in retirement, according to Ojuka Onedo, a professor of Accounting and…
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Cooperatives & Communities
SACCOS best solution to ending poverty in Uganda, says UCSCU boss
KAMPALA – The chief executive officer of Uganda Cooperative Savings and Credit Union [UCSCU], Dr. Sylvester Ndiroramukama has underscored the role of SACCOS in helping communities to fight poverty. Talking to theCooperator…
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East Africa
Hustlers’ Fund to be accessed through SMS short code
NAIROBI-The Hustlers’ Fund set to be launched in Kenya at the end of this month will not require any official registration, according to Sacco Review reports. Co-operative and Micro, Small, and Medium…
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Cooperatives & Communities
Kiryandongo official unveils progress report of PDM
KIRYANDONGO – Kiryandongo district production officer, Hassan Isa Byenkya, who also doubles as the district’s focal person for the Parish Development Model [PDM] has highlighted the progress of the programme in the…
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Cooperatives & Communities
WSACCO ready to spend heavily on supplies
KAMPALA-Uganda’s leading SACCO-Wazalendo SACCO [ WSACCO ] is ready to spend more money on services and tangible goods if were are to go by a running newspaper advert shared by its CEO…
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Cooperatives & Communities
Buddu-CBS POWESA trade fair attracts over 600 exhibitors
MASAKA– At least 629 exhibitors including farmers’ associations, district local governments, agricultural research institutions, financial institutions, and agri-business companies have showcased their products and services at the ongoing Buddu-CBS POWESA trade fair.…
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Cooperatives & Communities
Declare interest to members, SACCOs and VSLAs told
GULU- Just like banks do, managers of SACCOs and Village Savings and Loan Associations [ VSLAs ] should make it a routine to declare the earned interest to members every year as…
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Cooperatives & Communities
MSC kicks off process to give certificates to Emyooga in Lango, Acholi
LIRA-The Microfinance Support Centre [ MSC ], has kicked off preparations to offer permanent registration certificates to the Emyooga SACCOs in Lango and Acholi sub-regions. According to Mable Nabadda, the Lira and…
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