National
Army SACCOS gets new command
Publish Date: Apr 10, 2014
Army SACCOS gets new command
The Chief of Defence Forces Gen. Edward Katumba Wamala.
  • mail
  • img
newvision

By Steven Candia

THE Chief of Defence Forces Gen. Edward Katumba Wamala has inaugurated new board members of the army Wazalendo SACCOS, urging them to fuse team spirit and innovation so as to spur the scheme to greater heights.

During the launch at the army headquarters, Katumba challenged the new directors to emulate their predecessors and even perform better so as to drive forward Wazalendo Savings and Credit Cooperative Societies Organization (WASACCO), the biggest in the country.

Tracing the history of the organization and the achievements Katumba advised, “you should work as a team not to fail but move the SACCOS forward,” Katumba said and pledged none interference from the army leadership with the management of the organization.

The board members include: Capt. K Kagina, Lance Corporal Mwase; Pt. Bumba MH AND Warrant Officer II Mwebaze N. The supervision committee (SUPCO) chairman is Lt. Col. R Onata, deputized by Maj. Mike Kwezi while Lt. D Tayebwa is the Secretary.    

“We are not going to do anything to arm twist you to do anything that is detrimental to your clients. Not me, not even the Joint Chief of Staff (Maj. Gen. Wilson Mbadi), not any member in the army leadership,” Katumba said.

“Bring in new ideas and go out and advocate for the saving culture,” he said, moments after giving out mementos to the outgoing office bearers.

The outgoing Vice Chairman SUPCO Maj. Alan Kitanda called for diligence on the part of the incoming SUPCO members saying, the organization at present boasts total assets of sh 109b, a loan portfolio of sh87b and a share and capital reserve of sh 75b, making it the biggest SACCOS in the country.

“I have just returned from the field and people out there are still asking a lot of questions which you still have to answer,” Katumba said. The performance of Wazalendo, he said, had demystified the widely held view that SACCOS cannot be effectively run and urged the members to share ideas with other SACCOS. 

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
Museveni launches construction of Soroti fruit factory
CONSTRUCTION of a multibillion fruit processing factory based in Soroti district has been launched by President Museveni with emphasis to grow more fruits...
Govt verifies questionable applicants for National IDs
THE ministry of internal affairs has deployed a team to carryout citizenship verification on questionable applicants for the National Identity cards...
Minister warns city councilors against frustrating projects
The Minister in charge of the Presidency, Frank Tumwebaze has warned city councilors against engaging in political disagreements that paralyse the city’s development projects....
NSSF: Jamwa
The hearing of the appeal in which former NSSF managing director David Chandi Jamwa is challenging his conviction and the sentence of 12 years imprisonment was on Thursday delayed until October 10....
Mother jailed for dumping her baby in toilet
Betty Naggujja will spend nearly two years behind bars after being convicted of dumping her newly-born child in a pit latrine....
World tourism numbers up 4.6 percent in first half: UN
International tourist numbers grew 4.6 percent in the first half of 2014, boosted by strong growth in the Americas, Asia and parts of Europe, the World Tourism Organisation said...
Should bride price be made optional?
Yes
No
Can't Say
follow us
subscribe to our news letter