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
SPLA rebels hopeful for another Kampala meet
Officials from the SPLA faction of Dr. Riek Machar are planning to return to Uganda to meet President Yoweri Museveni....
Matembe blasts women over teargas issue
Former minister of ethics and integrity, Miria Matembe, has blasted women for not talking about the issue of teargas....
Partners for Children Worldwide partners with Etop to boost education
Partners for Children Worldwide with support from Child Fund have partnered with Etop newspaper to improve education standards in Teso sub-region...
More funding needed for family planning services - MOH
Ministry of health has called for a need to increase funding towards family planning services which currently stands at just 9 percent of its budget...
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....
Should government review powers of kings?
Yes
No
Can't Say
follow us
subscribe to our news letter