SACCOs
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Cooperatives & Communities
Kenyan regulator cuts levy for new Saccos
NAIROBI– Kenyan Sacco Societies Regulatory Authority [ Sasra ], has cut the proposed annual fees for SACCOs with non-withdrawable deposits to 0.15 percent from 0.165 percent as earlier proposed. The reduction follows…
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Cooperatives & Communities
PDM: Gen. Salim Saleh differs on formation of new SACCOs
GULU– The national coordinator of Operation Wealth Creation [OWC], Gen. Salim Saleh, also known as Caleb Akandwanaho, has differed from the proposed policy of creating new SACCOs for the implementation of the…
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Cooperatives & Communities
Mbarara: RCC urges Emyooga SACCOs on marketing
MBARARA– The Resident City Commissioner [RCC] Mbarara City North, Robert Kanusu has asked leaders Emyooga SACCOs to tap into the available market, if the SACCOs are to grow and boost incomes of…
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Cooperatives & Communities
Stanbic Bank to launch finance and capacity building programme for Saccos
KAMPALA-Stanbic Bank Uganda will on Friday 27, 2022 launch the Stanbic Bank Sacco Finance and Capacity Building Programme at Kaunda Grounds in Gulu City. According to Anne Juuko, Chief Executive-Stanbic Bank Uganda,…
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News
NRM to form SACCOs countrywide
OMORO– The National Resistance Movement Organisation [NRM] is considering establishing Savings and Credit Cooperative Organisations [SACCOs] at the grassroots in a bid to fight poverty among its members. This follows complaints from…
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Cooperatives & Communities
Mbarara City official arrested for stealing salon money
MBARARA– Mbarara City Assistant Commercial Officer Donati Mutaahi and three others have been arrested by the police over the embezzlement of Shs10 million belonging to Emyooga SACCO of salon operators. Mutaahi who…
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Cooperatives & Communities
Minister asks SACCOs to charge low interest rates
KAMPALA– Savings and Credit Cooperatives Organisations [SACCOs] in the country must not charge members above 18 percent interest on loans taken, Haruna Kasolo Kyeyune, the State Minister for Microfinance has said. Minister Kasolo…
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Cooperatives & Communities
Gulu City resumes lending to Emyooga Saccos amidst low recovery of funds
GULU- Authorities in Gulu City have resumed the disbursement of Emyooga funds to different Savings and Credit Cooperative Societies [Saccos], even though the officials face hurdles in the recovery of the funds…
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Cooperatives & Communities
Shs 496mln unused as it remains held in Lira Emyooga SACCO account
LIRA – At least Shs 496 million accumulated as interest under Emyooga programme in Lira district is lying idle in a bank account as some borrowers from the Savings and Credit Cooperative…
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Cooperatives & Communities
Emyooga fund defaulters to face arrest
FORT PORTAL: The State Minister for Finance Planning and Economic Development in charge of microfinance, Haruna Kasoro Kyeyune has given Emyooga fund defaulters one month to clear their debts or face arrest.…
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