SACCOs
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Cooperatives & Communities
Government injects Shs 1.6bn into Masindi SACCOs
The government has given Shs1.6 bn to 54 SACCOs in Masindi district under the Presidential Cluster Initiative on Wealth and Job Creation (Emyooga). The cash injection was made in fulfillment of a…
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News
SACCOs grappling with fraud, poor governance
A significant number of Savings and Credit Cooperative Organizations (SACCOs) in Uganda have suffered fraud and poor governance, a new report indicates. The report was released by the Project for Financial Inclusion…
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How SACCOs came to dominate Uganda’s Cooperative Movement
As you travel across Uganda, you will not miss a signage with the word “Savings and Credit Cooperative Societies (SACCOs)”. Even businesses that lend money and have nothing to do with formal…
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Cooperatives & Communities
Lango Cooperative Union in battle to recover lost assets
The leadership of Lango Cooperative Union is struggling to repossess its prime assets that were lost to private individuals. Formed in 1952 to promote cotton growing in the greater Lango sub-region, it…
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Cooperatives & Communities
Savings groups warned against sharing savings for Christmas
Rogers Byamukama, the Federation of Uganda Football Association’s (FUFA) delegate for the Albertine region, has condemned the practice, widespread among savings groups in Masindi district, of sharing their savings among members to…
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Cooperatives & Communities
Masindi Central market vendors revive SACCO after 5-year break
Members of Masindi central market savings and credit cooperative society have revived their SACCO after a five-year break. According to its Chairperson, James Masaba, the SACCO had collapsed after the previous leadership…
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Cooperatives & Communities
Museveni donates tractor to ex-soldiers
Ex-special forces soldiers from Gulu, commonly known as Kikosi Maalum, have received a tractor donated to them by President Yoweri Museveni to help them get out of poverty through agriculture. Mathew Opoka,…
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Shs 40m Museveni cash splits Nebbi vendors
Vendors in Nebbi main market under their umbrella, Nebbi Vendors Association, are at loggerheads over a Shs 40m presidential grant meant to help them kick start a SACCO. The money, which was…
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More Karamoja saving groups collapse as COVID-19 continues to bite
Several village saving groups in Moroto district have collapsed as a result of the COVID-19 that led to the collapse of many businesses. A survey conducted out by theCooperator last week in…
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Cooperatives & Communities
Lango Cooperative Union to revamp 144 primary societies
Lango Cooperative Union leaders have resolved to strengthen the 144 primary societies under the Union, after receiving a 2bn cash injection from the government. The Union, which was founded in 1952, comprised…
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