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
Minister Kutesa meets Indian Premier Modi
The foreign affairs minister Sam Kutesa is leading a delegation on cabinet ministers and government officials on a five-day official trade mission to India....
Kyambogo admits 12,000 private students
KYAMBOGO University has admitted over 12,000 students under the private sponsorship scheme. This is on top of the 900 students the university admitted under the government sponsorship...
KCCA receives multi-media tracking system
Chinese Telecommunications Solutions Company, Huawei Technologies Company Ltd, has donated a multi-media tracking system to Kampala Capital City Authority....
Cassava to replace matooke as Uganda
CASSAVA will soon be Uganda’s staple food replacing matooke according to scientists...
Judiciary commended for fight against corruption
THE Anti-corruption Court mid this month convicted Kashaka to 10 years and 10 days in imprisonment for causing a sh4b financial loss to government...
Prove you
A top Muslim cleric has challenged Uganda’s political leaders to prove that they are better than Idi Amin - Uganda’s former President who was ousted in 1979...
Should voters be given poer to recall their MPs?
Yes
No
Can't Say
follow us
subscribe to our news letter