National
Army SACCOS gets new commandPublish Date: Apr 10, 2014
Army SACCOS gets new command
  • mail
  • img
The Chief of Defence Forces Gen. Edward Katumba Wamala.
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
School girls taught how to make sanitary pads
GOVERNMENT in conjunction with SNV Uganda has started skilling pupils in making sanitary pads to curb female pupils’ absenteeism from school during menstrual periods...
Registration of reservists begins Monday
The Government will begin a nation wide registration exercise for all members of the reserve force on Monday....
Juba mission in sh6b accountability query
Uganda’s mission in Juba is caught up in an accountability query stretching up to three years (June 2009 to June 2011) with the Auditor General’s report for the period under review parting curtains on a slew of financial anomalies....
Uganda ranked 5th at
International Mathematics Olympiad
Uganda was ranked 5th on the African continent at the recently concluded international mathematical Olympiad (IMO) competition held in Cape Town, South Africa....
Mao’s family rules out poisoning
Democratic Party (DP) president general Norbert Mao's family has ruled out the possibility that he could have been poisoned. This follows Mao's admission at Nairobi Hospital in Kenya where he was taken ill after complaining of acute chest pain last week...
CIID boss grilled in Nsenga murder case
The deputy director CIID Geoffrey Musana was Wednesday grilled for one hour for delaying to charge Jacqueline Uwera Nsenga after charges of murder had been preferred by the DPP...
Should government review powers of kings?
Yes
No
Can't Say
follow us
subscribe to our news letter