VICE-president Prof. Gilbert Bukenya has launched a Savings and Credit Co-operative (SACCOS) in Irongo sub-county, Luuka district.
Bukenya said the new cooperative â€˜Mutukula SACCOSâ€™ would fight poverty and increase food production among the people.
â€œGovernment has decided to launch this initiative because we are satisfied it can bring change in the economic development,â€ he said.
Bukenya said the government was supporting organised farmers in rural areas to increase food production to address the problem of food security, which has become a national concern.
He said in a speech delivered by the state minister for microfinance, Ruth Nankabirwa, at the launch yesterday.
Bukenya opens SACCOS in Luuka