Tag Archives: SACCO

Kampala, Uganda | THE INDEPENDENT |  As the year-end festivities and business transactions pick up pace, the police have issued a warning to mobile money dealers and Village Savings and Credit Cooperation Organizations (SACCOs), highlighting their susceptibility to armed robberies during this period. This follows a recent surge in armed …

Soroti, Uganda | THE INDEPENDENT | The Minister of State for Fisheries, Hellen Adoa Abeku has ordered the Savings and Credit Cooperative Organization (SACCO) leaders in Serere to refund money allegedly extorted from residents seeking to benefit from the Parish Development Model (PDM) program. The orders were made during a …

Nebbi, Uganda | THE INDEPENDENT | Police in Nebbi District are holding six suspects to aid investigations into the theft of 16 million Shillings from Nebbi Workers Savings and Credit Cooperative Organization (SACCO) Ltd. Unknown thugs broke into the premises of Nebbi Workers Savings and Credit Cooperative Organization (SACCO) located in …

Mbarara, Uganda | THE INDEPENDENT | The Chairperson Kashari South Youth Emyooga Savings and Credit Cooperative organization, has been arrested. Victor Twinomugisha was arrested on Thursday on the directive of Mbarara Resident District Commissioner Emmy Katera Turyabagyenyi. This followed complaints from the SACCO members that Twinomugisha withdrew 30 Million Shillings from …

Ntungamo, Uganda | THE INDEPENDENT | Ntungamo District Commercial Officer Seth Niwagaba and the Kibatsi Sub-County Community Development Officer Isaac Arinaitwe have been arrested on allegations of creating ghost Saccos to benefit from the Parish Development Model Funds. The suspects were arrested on the orders of the Deputy National Co-ordinator of …

Kabale, Uganda | THE INDEPENDENT | Duncan Twesigye, the Manager of Kigezi Umoja Savings and Credit Cooperative Organization (UMOJA SACCO) in Kabale has been arrested for allegedlly embezzling 36 million Shillings. Twesigye has been on the run prompting the Sacco management to file a complaint at Kabale Police Station accusing Twesigye …

Jinja, Uganda | THE INDEPENDENT | The commandant of UPDF’s land forces, Lt. Gen. Kayanja Muhanga, has challenged the leaders of Wazalendo Sacco, to invest more in the hospitality industry and real estate businesses, which will increase their profit returns. Wazalendo prides in a total membership of 91,000 people, comprising of …

Kampala, Uganda | THE INDEPENDENT | The Committee on Defence and Internal Affairs will examine different bank accounts operated by Police Savings and Credit Cooperative Organization (SACCO), Exodus. This arises from the observation that the Police Sacco which was founded in 2007 has been opening and operating new bank accounts each …

Kikuube, Uganda | THE INDEPENDENT | John Paul Mugabe, the Buhaguzi Constituency Mechanic Emyooga Saving and Credit Co-operative Society-SACCO chairperson in Kikuube district is in police custody for allegedly swindling Shilling 15 million belonging to the SACCO. He was arrested on Tuesday on the directives of Haruna Kasolo, the State Minister for …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Internal Affairs, Gen. David Muhoozi has said that members of the Police’s Exodus Savings and Credit Cooperative (SACCO) are restricted from withdrawing their savings due to liquidity challenges. Muhoozi was on Tuesday appearing before Parliament’s Defense and Internal Affairs Committee, …