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Bitature advises on SACCOs

By Vision Reporter

Added 7th April 2014 04:24 PM

The chairman of Umeme, Patrick Bitature has said Savings Credit Cooperative Organizations (SACCOs) have led to economic development in the country.

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By Francis Emorut                                         

The chairman of Umeme, Patrick Bitature has said Savings Credit Cooperative Organizations (SACCOs) have led to economic development in the country.

He said the growth of SACCOS across the country have contributed to investments in different sectors which in turn have led to the economic growth. 

Bitature said this while addressing members of Australia Alumni Association of Uganda (A3-U), during their annual general meeting at Protea Hotel in Kampala.

Bitature who is a patron of the association encouraged its members to start savings credit scheme as this will create business development opportunities.

“This is an opportunity for you to put together your resources as a group and do a significant investment,” Bitature told the alumnis of Australia.

He cited the Indian association of Uganda that has connected its members to business links and as a result their enterprises have prospered. 

He pointed out that Australia association should help its members to share business ideas to foster business entrepreneurship.

Bitature also implored members of the association to get involved in the fight against poverty especially among the vulnerable in society to improve their household income.

“Use the association meaningfully and you can do something of significance to alleviate poverty among the poor in society.” he said.  

trueThe patron of Australia Alumni Association of Uganda Patrick Bitature (right) talks to the outgoing treasurer of the association Dr. Juliet Babirye (centre) and the outgoing chairman Patrick Barugahare after the annual general meeting at Protea Hotel in Kampala. Photo by Francis Emorut

Asif Khan the senior programme manager of Australian High Commission based in Nairobi emphasized the need for members to do development programmes.

He said the association has strengthened Uganda and Australia ties.

The Commission gave $10,000 to the association for developmental programmes.

The association elected its new members to serve for two years term.

Aggrey Kagonyera was elected as the chairman of Australia Alumni Association of Uganda, deputized by Edward Kayeisiga and Hellen Kawesa the Parliament’s public relation manager as a treasurer.

Mary Kasirye took the position of secretary while Justine Bukenya, Dr. Liz Kakunda and Solome Namugenyi are executive members.

Kagonyera pledged to take the association to greater heights 

 

Bitature advises on SACCOs

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