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Added 15th August 2017 05:28 PM

Tumusiime also cautioned against financial indiscipline, such as mixing business resources with family matters, which often leads to closure, especially of women owned enterprises.

In order to consolidate the gains made in the fight against poverty, the Entebbe municipality Member of Parliament, Rosemary Tumusiime has urged her constituency to embrace a planning and saving culture for their enterprises.

Tumusiime also cautioned against financial indiscipline, such as mixing business resources with family matters, which often leads to closure, especially of women owned enterprises.

Added 4th May 2017 09:01 AM

They are told that through their SACCOs, can decide the better interest rates.

Government has challenged farmers to strengthen their savings and credit cooperative societies (SACCOs) instead of crying for the revival of the cooperative bank.
 
The state minister for cooperatives, Fredrick Gume Ngobi says farmers through their SACCOs can decide the better interest rates which is not so different with having the cooperative bank.
 

 

Added 14th June 2017 10:01 AM

“I want every Ugandan to belong to a financial institution of some sort. This business of keeping money under the mattress should stop. SACCOs are the nearest (to what) many people in villages have to financial institutions,” he explained.

Finance Minister Matia Kasaija has explained why Savings and Credit Cooperative Organization (SACCOs) have been exempted from paying tax on their incomes effective July 1—for ten years.

“I want every Ugandan to belong to a financial institution of some sort. This business of keeping money under the mattress should stop. SACCOs are the nearest (to what) many people in villages have as financial institutions,” he explained.

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