Business
Minister Kyambadde advises on SACCOS managementPublish Date: May 02, 2014
Minister Kyambadde advises on SACCOS management
  • mail
  • img
Trade minister Amelia Kyambadde
newvision

By John Odyek          

Trade and industry minister, Amelia Kyambadde, has advised organizations starting Savings and Credit Cooperative Schemes (SACCOS) to elect independent management teams to run them.


Kyambadde made the remarks at celebrations to mark administrative Professionals week. The celebration was organized by the National Association of Secretaries and Administrative Assistants (NASAP). NASAP is in the process of forming a SACCO.

Over 300 administrative professional attended the function.

They are employed by ministries, departments and agencies of government. Other secretaries were from corporations, universities and other institutions.

Kyambadde stressed that SACCO management teams should be different from the executive of associations to enable them be succeed. “Have an independent executive of SACCOS. Every member has a right to know how much is saved and to borrow money at a lower rate,” Kyambadde said.

She urged administrative professionals to acquire entrepreneurial skills to enable them start and run successful businesses to supplement their salaries.

The minister tipped them to plan exit strategies from their jobs. “You should learn to move on. Begin moving on. One day you will have to go. When you move on, don’t go to rot in villages. Exit to other opportunities. Don’t fight others, avoid negative competition,” Kyambadde advised.

Dr Maggie Kigozi, director Crown Beverages Ltd encouraged the secretaries to start businesses saying it was never too late to start.

Kigozi, a former executive director Uganda Investment Authority said life was tough for secretaries but they should learn to put on a smile in their offices because being gloomy or impolite was not the answer.

She urged them to have self- confidence and realise that the work they do is important.

Harriet Tugume, director Danie Consult, a motivational and business advisory company said organizations employ different types of people and understanding people would enable one work successfully.

Godwin Muhanguzi, president NASAP said the organization seeks to improve the professional and ethical skills of its members. “Excellence is what we strive for. Selfishness, intrigue, looking to ‘eat money’ is not what we come to do in offices,” Muhanguzi said.

 

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
Gov’t allocates sh10b for tarmacking roads
GOVERNMENT has earmarked sh10b for the tarmacking of roads intended to enhance commerce, reduce dust and facilitate mobility in 26 town councils...
Local govt asked to participate in alternative energy planning
Ministry of energy officials and experts from GIZ have urged local government leaders to participate in developing affordable and efficient sources of energy at district level to light up districts instead of the long waiting for the central government to do for them what they can do themselves....
Central Bank begins financial literacy campaign in schools
Bank of Uganda has started a campaign to boost people’s understanding of economic issues affecting them so that they can identify opportunities to exploit....
Shipping firm chief accountant charged in MTN $3.8m fraud
The chief finance officer of Three Ways Shipping Company has been charged with embezzling $3.8m (about sh10b), belonging to telecom company MTN....
Kabila fires CEO of state miner Gecamines for "gross negligence"
Democratic Republic of Congo's President Joseph Kabila has fired the chief executive of the country's state mining company Gecamines for "gross negligence", according to a presidential decree read out on the state television channel....
Nissan says April-June net profit jumps 37% on-year to $1.1 bn
Nissan said Monday that net profit for the April-June quarter soared 37 percent to $1.1 billion, crediting robust overseas demand that offset weaker sales at home....
Should voters be given poer to recall their MPs?
Yes
No
Can't Say
follow us
subscribe to our news letter