SACCOs
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Cooperatives & Communities
UBC to monitor PDM implementation in Acholi
GULU, October 17, 2023 – The Uganda Broadcasting Corporation [ UBC ] has come up with an initiative to participate in the monitoring of the Parish Development Model [PDM] in Acholi Sub-region.…
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Cooperatives & Communities
TZ SACCOs given deadline to obtain licences
DODOMA, October 11, 2023 – The Governor of the Central Bank of Tanzania, Emmanuel Tutuba, has urged the Savings and Credit Cooperatives [SACCOs] to obtain licences before April 30, 2024, so that…
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Cooperatives & Communities
Gov’t to give Shs 9bln to Walimu SACCOs Union
KAMPALA, October 6, 2023 – President Yoweri Museveni yesterday announced government would provide a balance of Shs 9 billion to teachers’ SACCOs subscribing to Walimu SACCOs Union. Museveni made the announcement in…
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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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