• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

CDF Muhoozi advises UPDF SACCO to consider opening up a business arm

watchdog by watchdog
6 years ago
in National, News
5 0
ShareTweetSendShare

The Chief of Defence Forces Gen. David Muhoozi has advised Wazalendo to consider opening up a Business Arm that could own a bank , investment club and other businesses.

This was during the closure of the five day Wazalendo SACCO Strategic Plan retreat held at Royal Suites Hotel in Bugolobi- Kampala on Friday.

Gen Muhoozi thanked the governance and management team for the job well done which has pushed Wazalendo to be among the 6th biggest Saccos in africa.

The Chief of Defence Forces advised the sacco governance and management team to enhance the Monitoring and Evaluation function and focus on members plus their projects. This, he emphasized, will improve individual welfare.He said that whatever has been reviewed and agreed upon should be operationilized.

The Deputy Commander Land Forces and chairman Board of Wazalendo Maj. Gen Sam Kavuma was impressed by the energies the teams ( Board, SUPCO and management) have displayed in coming up with a strategic plan for 2019 to 2021.

He said that the importance of this retreat was to analyse whether the current mission,vision and core values are still relevant in the current financial environment.

Gen. Kavuma pointed out that the main challenge was how to increase membership and focus was put mainly on retirees, individuals members of the sacco without the principle , civilian staff of MoD VA and opening up the bond.

Presenting the reviewed Strategic Plan, the CEO Wazalendo Brig. Simon Ocan pointed out the SWOT(Strengths Weakness Opportunities Threats) analysis and the justification of the review which among others include; the need to develop products and services to meet members’ needs,embrace technology and come up with new strategies for meeting changing markets, trends and regulations in cooperative industry.

Wazalendo SACCO is a Ministry of Defence and Veteran Affairs (MODVA) and Uganda People’ Defence Forces (UPDF) Co-operative Society that enables its Members to come together and pool funds (Savings) so that, they can access Loans (Credit) to engage in productive activities for improving their welfare. It was registered in September 2005.

The closing ceremony was attended by the Joint Chief of Staff Lt. Gen Joseph Musanyufu,the Chief Personnel and Administration Brig. George Igumba and other senior UPDF officers.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share1Tweet1SendShare

Related Posts

RDC George Owanyi engaging the meeting
News

Nakapiripirit RDC George Owanyi teams up with Karamoja Anti-Corruption Coalition to intensify fight against corruption 

30th June 2025 at 09:21
Op-Ed

RICHARD BYAMUKAMA: The Legitimacy of South Sudan’s Government Hangs in the Balance

29th June 2025 at 23:59
News

President Museveni salutes First Lady for her contribution to Uganda as she celebrates 77th birthday 

29th June 2025 at 21:56
Next Post

Kenya: President Kenyatta bans national exams in primary schools

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1098 shares
    Share 439 Tweet 275
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2282 shares
    Share 913 Tweet 571
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    38 shares
    Share 15 Tweet 10
  • Pastor Bugingo Seeks Reconciliation with Teddy and Children, Prays for Makula’s Twins

    18 shares
    Share 7 Tweet 5
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    111 shares
    Share 44 Tweet 28
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

RDC George Owanyi engaging the meeting

Nakapiripirit RDC George Owanyi teams up with Karamoja Anti-Corruption Coalition to intensify fight against corruption 

30th June 2025 at 09:21

RICHARD BYAMUKAMA: The Legitimacy of South Sudan’s Government Hangs in the Balance

29th June 2025 at 23:59

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is set to speak at business forum in United Kingdom

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0
RDC George Owanyi engaging the meeting

Nakapiripirit RDC George Owanyi teams up with Karamoja Anti-Corruption Coalition to intensify fight against corruption 

30th June 2025 at 09:21

RICHARD BYAMUKAMA: The Legitimacy of South Sudan’s Government Hangs in the Balance

29th June 2025 at 23:59

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda