Speaking at the launch on Thursday, the Micro Finance State Minister, Haruna Kasolo advised the SACCO leaders to encourage a saving culture among journalists to avoid depending on contributions from well-wishers.
Uganda Parliamentary Press Association-UPPA SACCO has received a boost of
Shillings 13 million.
The Micro Finance State Minister, Haruna Kasolo
and the Speaker of Parliament, handed over a dummy Cheque of Shillings 10
million and Shillings 3 million in cash respectively during the launch of the
Sacco this morning.
Some MPs and parliamentary staff also made pledges of
Shillings 3 million to be collected by the end of next month. The UPPA
SACCO was registered in June 2019.
Speaking at the launch on Thursday, the Micro Finance State Minister, Haruna Kasolo advised the SACCO leaders to encourage a
saving culture among journalists to avoid depending on contributions from well-wishers.
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He was responding to statement by the UPPA
President, Moses Mulondo indicating that the SACCO was formed to enhance the earnings
He says the 89 members of the SACCO have so far saved Shillings
5 million. Mulondo said his leadership is optimistic that more people will join
the SACCO because over 270 journalists are accredited to cover Parliament.
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However, Kasolo noted that the figure was still low, saying the journalists have to ensure their savings grow with or
without support from well-wishers.
The Minister of State for Planning at
Finance Ministry, David Bahati also urged the SACCO members to come up with income
generating projects to boost their savings.
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the National Coordinator Uganda Human Rights Network for Journalists, Robert
Ssempala noted that Bahati’s proposal could compromise journalists.
prompted Bahati to clarify that SACCO transactions can be deemed as those done
by a business and journalists.
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The Speaker of parliament, Rebbeca Kadaga asked
journalists to observe professional standards while covering Parliament and
ensure smooth running of their SACCO.
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Last May, Mulondo’s leadership requested Kadaga
and the Parliamentary Commission to consider paying monthly allowances to UPPA
members and make contributions to its SACCO.
Kadaga pledged to put the
issue before the Commission and give a response to UPPA.
later, the UPPA SACCO was registered and started operations.
However, Kadaga didn’t comment on UPPA’s request for the
monthly allowances but rather made a personal contribution to the SACCO.
Patrick Ocaido, a journalist described the SACCO
as a “briefcase” where several members lost their savings due to gross
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The SACCO Chairperson, Susan Nawonga pledged her
commitment to see the SACCO grow by encouraging UPPA members to join it. She
says that SACCO members have the opportunity to enhance their incomes and earnings.
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Each member pays Shillings 50,000. Shillings 30,000
is membership fees while Shillings 20,000 is for 2 shares.
Each member is entitled
to a maximum of 2 shares and is expected to save a minimum of Shillings 10,000
monthly with the SACCO.