SACCOs
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Cooperatives & Communities
Long-dormant sacco in Masindi bounces back
A long-dormant savings and cooperative credit society has been revived. The Masindi Savings and Cooperative Credit Society Limited has been revived by members after a two-year lull. The SACCO membership comprises mainly…
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Cooperatives & Communities
Hoima leaders locked in fight over cooperative union
Even before it gets off the paper, a plan by businessman Abdu Mariki Mugisa to form Bunyoro farmer’s Cooperative has drawn strong opposition largely from leaders in the western district of Hoima…
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Cooperatives & Communities
Aninolal SACCO gets farm inputs from UK-based Lango Association
177 members of Aninolal Savings and Credit Cooperative Society (SACCO), Kwania district, have received farm inputs from Lango Association Living in the United Kingdom, in collaboration with the Global Support Development Initiative,…
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Cooperatives & Communities
Masindi Teachers’ SACCO grapples with 40% account dormancy
Masindi Teachers’ SACCO is facing a challenge of 237 dormant accounts (close to 40% of the total), a situation the SACCO’s Chairperson says affects them significantly. Isaac Mugaanzi, the Board Chairperson for…
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Cooperatives & Communities
Kwania district to train Emyooga beneficiaries
District officials in Kwania district have pledged to offer some training in financial management to beneficiaries of the recently released Presidential Initiative on Job and Wealth Creation (Emyooga) funds. After a long…
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Cooperatives & Communities
Lira DCO, four others remanded for forgery of SACCO documents
Court has remanded Lira District Commercial Officer (DCO), Josephine Alobo, and four others to jail for alleged forgery of SACCO documents contrary to section 34 of the Penal Code Act. Alobo appeared…
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Cooperatives & Communities
Market vendors tipped on SACCO formation
Hoima oil-City authorities have challenged vendors operating in different markets in the area to form Saving and Credit Co-operative Societies (SACCOs) as one way of improving their economic status. This call was…
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Nebbi journalists’ association gets Shs 30m Emyooga funds
The fraternity of journalists in the greater Nebbi districts, under their umbrella, Nebbi-Zombo Media Association (NEZOMA) SACCO, has received Shs 30m in seed capital under Emyooga. Emyooga is a government initiative aimed…
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Cooperatives & Communities
North Kyoga Police warns against new SACCO scam
Police in North Kyoga Region has cautioned the public about a recent scam that specifically targets SACCOs and warned people against giving their money to individuals they do not know personally if…
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Cooperatives & Communities
SACCOs urged to embrace tech, digital lending
Savings and Credit Cooperative Societies (SACCOs) have been urged to embrace the latest technological innovations in order to catch up with market trends and safeguard their market share. Speaking during a one-week…
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