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News
Ntoroko cooperators urged to utilise their SACCOs effectively
NTOROKO – The Ntoroko district Chairperson William Kasoro has urged cooperators to utilise their savings and credit cooperative societies (SACCOs) effectively to buy more shares. Kasoro said, most of the cooperative members…
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Cooperatives & Communities
Masindi Teachers’ SACCO share capital increases to Shs56m
MASINDI – The share capital for Masindi teachers’ SACCO has increased to Shs 56 million in 2021 from Shs 47 million raised in the year 2020. This was revealed by Joseph Rukundo,…
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Cooperatives & Communities
ICT State Minister cautions Ugandans against criticizing the Parish Development Model program
SOROTI – The Minister of State for Information Communications Technology (ICT) and National Guidance, Hon. Joyce Nabbosa Ssebugwawo, has strongly warned Ugandans against criticizing the new Parish Development Model Program (PDM) and…
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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
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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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
Kwania district launches Teachers’ SACCO
Kwania district officials have launched a teachers’ savings and credit cooperative organization (SACCO). The SACCO, which will accommodate all 1,074 teachers of primary and secondary public schools in the district, was launched…
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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
Munaku Kaama SACCO tipped on mechanisms to mobilize savings, recover loans
As many cooperatives across the country continue to grapple with the COVID-19 pandemic’s disruption of mobilization of members’ savings and recovery of loans, cooperators have been tipped on member-centered strategies they can…
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Cooperatives & Communities
Napak flash floods carry away Shs 2 million worth of village savings
Members of a Village Savings and Loans Association (VSLA) in Lorengechora town council in Napak district are counting double losses after flash floods carried away the association’s savings box containing about Shs…
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