SACCOs
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Cooperatives & Communities
MSC trains Omoro Emyooga SACCOs in records and financial management
OMORO – Leaders and some members of six Emyooga SACCOs in Omoro district have received training in records and financial management so that they can effectively utilise the funds disbursed to them…
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Cooperatives & Communities
Capital for microfinance institutions set at Shs 5 billion
KAMPALA– Microfinance Deposit Taking Institutions [MDIs] be required to have minimum capital of Shs 5 billion in order to operate in Uganda. The is contained in a statutory instrument on revision of…
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Cooperatives & Communities
Kenya: Top SACCOs named
NAIROBI – Kenya National Police Deposit-Taking [DT] SACCO was picked as the best managed SACCO in the country during the 101st International Day of Cooperatives celebrations, marked as Ushirika Day in Kenya.…
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Cooperatives & Communities
Kakumiro: PDM SACCOs to receive Shs 11bln
KAKUMIRO – The State Minister for Kampala, Kabuye Kyofatogabye officially launched the disbursement of a total of Shs 11 billion to the beneficiaries of the Parish Development Model [PDM] in Kakumiro district…
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Opinions & Commentary
CBS PEWOSA SACCOs empower community growth and economic inclusion in Buganda: Part I
By H. Mulindwa Wamala Meaning of SACCOs The word SACCOs is meant to describe grassroots self-help organisations built on the principles of mutual understanding, group interest, and collective ownership. SACCOs is an…
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Cooperatives & Communities
Regulating large SACCOs: UCSCU drags BoU to court
KAMPALA – Uganda Cooperative Savings and Credit Union [UCSCU] has dragged Bank of Uganda [BoU] and the Attorney General to High Court in Kampala, saying the central bank does not have the…
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Cooperatives & Communities
Kenya: Real estate takes biggest share of SACCO loans
NAIROBI – Land and housing consumed the largest share of loans Kenyan SACCOs issued to their members in 2022, the latest data by SACCO Societies Regulatory Authority [SASRA] shows. According to the…
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Cooperatives & Communities
MP urges Fort Portal parents to embrace PDM
FORT PORTAL – Fort Portal City Woman Member of Parliament, Irene Linda Mugisa has asked poor parents in the city to embrace the Parish Development Model [PDM] to improve household incomes. She…
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Central
Gov’t readies extra Shs 134bln for best SACCOs
KAMPALA – Government through the Finance ministry has approved Shs 134 billion to be given as additional seed capital to 6,721 best performing SACCOs across the country. The ministry in an update…
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Opinions & Commentary
Monitoring and evaluation key to success of SACCOs
There has been tremendous growth in the cooperative sector in Uganda. Statistics from the Ministry of Trade, Industry, and Cooperatives show that Uganda has over 41,621 registered cooperative societies under their various…
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