Uganda: Buganda Kingdom Pushes Saccos to Strengthen Governance and Transparency

10 March 2026
Nile Post (Kampala)
By Andrew Victor Naimanye

The Buganda Kingdom Audit and Risk Committee (BARC) on Tuesday held its first session of 2026 at the Kingdom headquarters in Bulange, Mengo, focusing on governance oversight and internal audit matters of Essuubiryo Zambogo SACCO.

The session provided a platform for in-depth discussions on the report presented by the Kingdom's Chief Internal Auditor regarding operational processes at Essuubiryo Zambogo SACCO.

Committee members also engaged directly with SACCO management on key findings and recommendations.

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The meeting was chaired by the BARC Chairperson, with the First Deputy Katikkiro (Prime Minister) and Minister for Administration and Information Communications Technology (ICT), Prof Twaha Kaawaase Kigongo, in attendance, alongside committee members including Zulaika N. Kibirige, head of Kawempe Muslim Secondary School, and Uthman Mayanja, representing the audit firm Price Waterhouse Coopers (PWC).

The Chief Internal Auditor, Andrew Kalule, presented the audit reports with the assistance of his Deputy, Daniel Lukabwe, and the committee's Secretariat Coordinator, who ensures comprehensive oversight of all audit processes within the office.

Management representatives from Essuubiryo Zambogo SACCO were also present, including the Buganda Kingdom Minister for Youth, Sports, and Talent Development, Ssaalongo Robert Serwanga; Hassan Kiyemba, responsible for youth affairs in the Kingdom; Joseph Balikuddembe Ssenkusu, Chairman of the SACCO Governance Board; David Ssemakula, Chairman of the SACCO Audit Committee; Goreth Nassuuna, SACCO Executive Director; and Gorret Nabulime, Head of Finance.

During the session, the Audit and Risk Committee emphasized the need for Essuubiryo Zambogo SACCO to promptly address all recommendations outlined in the Chief Internal Auditor's report.

SACCO management was also tasked with submitting a detailed plan on how they intend to implement the advice received, particularly in preparation for compliance with the Bank of Uganda's regulatory requirements.

"The Essuubiryo Zambogo SACCO must act on all matters raised by the Kingdom's Chief Internal Auditor without delay and provide reports showing how they have implemented the advice given on each issue, especially in preparation for compliance with the regulations of the Bank of Uganda," Prof. Kaawaase said.

BARC reaffirmed its commitment to ensuring transparency, accountability, and the adoption of best practices across all Kingdom institutions, reinforcing the importance of good governance and financial integrity within SACCOs affiliated with the Buganda Kingdom.

The meeting concluded with a call for continuous collaboration between the committee and SACCO management to strengthen oversight, mitigate operational risks, and safeguard the interests of all stakeholders.

Read the original article on Nile Post.

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