SACCOs
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Cooperatives & Communities
BoU awaits court decision on regulation of large SACCOs
KAMPALA, September 26, 2023 – The Bank of Uganda [BoU] will not continue with its plans to regulate large SACCOs until court rules on the case lodged by Uganda Cooperative Savings and…
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Cooperatives & Communities
TCDC urges coops to embrace warehouse receipt system
DODOMA, September 15, 2023 – The Tanzania Cooperative Development Commission [ TCDC ] registrar and chief executive Dr. Benson Ndiege has urged secondary cooperatives to strengthen their commercial systems by using a…
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Cooperatives & Communities
Emyooga SACCOs in Lango get extra Shs 400mln seed capital
LIRA, September 6, 2023 – The Government through the Microfinance Support Centre [MSC] has disbursed Shs 400 million to 20 Emyooga SACCOs in Lango Sub-region as additional seed capital, where each SACCO…
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Cooperatives & Communities
SACCOs in Kwania, Apac gain ground as they pull civil servants
APAC – Savings and Credit Cooperative Societies [SACCOs] in Kwania and Apac districts have gained momentum, and attracted a number of civil servants such as teachers, leaving the large microfinance institutions drained…
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Cooperatives & Communities
Disbursement of PDM funds in Alebtong district marred with fraud
ALEBTONG – The Alebtong resident district commissioner, Gillian Akullo has raised concerns over the disbursement of the Parish Development Model [PDM] money to the beneficiaries, alleging that the process is marred with…
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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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