Business
Bitature advises on SACCOs
Publish Date: Apr 07, 2014
Bitature advises  on SACCOs
The patron of Australia Alumni Association of Uganda Patrick Bitature (right) talks to the outgoing treasurer of the association Dr. Juliet Babirye (left) and the programme manager of Austaralian High Commission based in Nairobi Asif Khan after the annual general meeting at Protea Hotel in Kampala. Photo by Francis Emorut
  • mail
  • img
newvision

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.  

The 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 

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Textile manufacturers want the national textile policy implemented
Textile industries are pushing for the implementation of a National Textile Policy. They also want government institutions compelled to buy textiles from local companies....
BOU has no influence on govt spending
There have been allegations in the media that Bank of Uganda printed money for the 2011 elections, which led to the high inflation rate at the time....
UAE Exchange honoured at FiRe Awards 2014 in Uganda
UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, has been honoured with the Certificate of Recognition for Outstanding achievement in Financial Reporting under Forex Bureau category in FiRe Awards 2014 in Uganda....
Pakistan to facilitate Uganda businessmen to exhibit in Karachi
A section of Ugandan business comminity is set to widen its business scope into Pakistani following new interventions to boost economic ties between the two nations....
Tourism board to use PR firms to market Uganda
The Uganda Tourism Board (UTB), the body charged with marketing the country as a tourism destination of choice, has adopted the use of foreign public relations firms to sell Uganda after traditional marketing registered minimal success....
Ministry wants local drug makers protected
The health ministry has supported the quest by local manufacturers of medicines and other health supplies to be protected from foreign competition to enhance citizens’ access to drugs....
Should workers be subjected to a 4% Health Insurance Tax??
Yes
No
Can't Say
follow us
subscribe to our news letter