SACCOs
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News
SACCO Supervision Annual Report 2023 released in Kenya showing industry growth
NAIROBI, September 15, 2024 – The Kenyan Cabinet Secretary for the Ministry of Cooperatives, Micro, Small & Medium Enterprises [MSMEs], FCPA Wycliffe Ambetsa Oparanya recently released the SACCO Supervision Annual Report 2023…
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News
URA weighs SACCO tax refund
KAMPALA, September 13, 2024 – There is hope that an interminable tax dispute pitting local Savings and Credit Cooperative Organisations [SACCOs] against the Uganda Revenue Authority [URA] is approaching resolution. The dispute,…
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News
Otuke PDM beneficiaries divert funds
OTUKE, August 30, 2024 — Some of the beneficiaries of the Parish Development Model [PDM] in Otuke district have been accused of misusing funds allocated for specific enterprises. Instead of investing the…
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News
SHACU, PDM Secretariat collaborate to end corruption in programme implementation
KAMPALA, August 29, 2024 — Corruption in the implementation of the Parish Development Model [PDM] could soon become a thing of the past. This follows a high-level meeting held yesterday between Brig.…
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News
Kenya’s SASRA implements whistleblowing policy to promote ethical governance and combat fraud
NAIROBI, August 10, 2024 – Kenya’s SACCO Societies Regulatory Authority [ SASRA ] has introduced a Whistleblowing Policy aimed at addressing misconduct at all levels of SACCO operations. This policy underscores SASRA’s…
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News
Museveni meets Ghetto SACCO leaders, fulfills Shs 1.2bln pledge
ENTEBBE, August 3, 2024 – President Museveni has tasked the ghetto youths to advocate for the interests of the masses like free education for all and prosperity for all as well as…
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News
Lango farmers advised to join SACCOs
LIRA, July 18, 2024 – Farmers in Lango Subregion have been urged to join or form Savings and Credit Cooperative organisations [ SACCOs ] to benefit from programmes initiated by government, and…
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Cooperatives & Communities
PDM: Security in Hoima halts disbursement of Shs 5.5bln to beneficiaries
HOIMA, July 15, 2024 – The Hoima district security committee has directed the Chief Administrative Officer [CAO], Emmanuel Ssempala to halt the disbursement of Shs 5.5 billion to the Parish Development Model…
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Cooperatives & Communities
Legal dilemma as URA ignores Attorney Generals’ advice on taxing SACCOs
KAMPALA, July 3, 2024 – The Uganda Revenue Authority [ URA ] still wants to charge withholding tax on dividends and interest earned from savings of SACCO members even after the Attorney…
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News
Money lenders, SACCOs warned against holding clients’ IDs as collateral
KAMPALA, June 28, 2024 – Money lenders and, Savings and Credit Cooperatives [SACCOs] in the country that have a habit of holding on to national identity cards [ IDs] of their clients…
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