Uganda: New Museveni Sacco Pledge Raises Funding Queries

The money for a new initiative to bring more groups of citizens to benefit from government through Savings and Credit Cooperative Organisations (Saccos) that President Museveni announced on Sunday is not included in the 2019/20 national Budget, our analysis shows.

State House and Finance ministry officials were yesterday unable to state how much cash would be required to kick-start the process, where the money would be obtained from and which services would be affected in the event of internal budget re-allocations.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.