Business
Minister Kyambadde advises on SACCOS management
Publish Date: May 02, 2014
Minister Kyambadde advises on SACCOS management
Trade minister Amelia Kyambadde
  • mail
  • img
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
Dr Maggie Kigozi: Obstacles in businesses are jewels
Dr Maggie Kigozi, director Crown Beverages Ltd has challenged the youth to consider obstacles in starting and running businesses as opportunities to create better lives....
How to widen Uganda’s tax base in a large subsistence economy
Uganda’s tax base remains small and the country is grappling with measures on how to widen the tax base in light of decreasing donor funds and pressures to finance the national budget....
UAE Exchange Uganda observed World Food Day
UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand observed World Food Day on 16th October. This year the theme was Family Farming: “Feeding the world, caring for the earth”...
Nigerian cleric warns Uganda over oil curse
Rev Father Edward Obi, a leading civil society activists fighting against the effects of the oil curse in Nigeria has warned Uganda that since oil has been discovered Ugandans are not safe from the negative effects the resource brings....
Oil to spur capital markets – Nsamba
This year marks 18 years since the Capital Markets Authority (CMA) was formed....
UBOS releases Producer Price Index
THE indices for hotels and restaurants indicate that annual prices for hotel services fell by 2.5 percent during the period of April, May and June 2014, compared to the same period in 2013...
Should the absence of bride price prevent couples from wedding?
Yes
No
Can't Say
follow us
subscribe to our news letter