At a time when many financial institutions are facing instability, experts are urging Ugandans to adopt a disciplined savings culture as a cornerstone for long-term wealth creation. This message was at the forefront of the inaugural Annual General Meeting of the Kasangati Divine Members SACCO, where shareholders celebrated a 10% dividend payout and unveiled ambitious plans for expansion.
Officials emphasized that the success of SACCOs depends not on the size of their membership, but on the active participation of committed savers. Speaking at the event, Kibalama Tonny, Senior Cooperatives Officer at the Ministry of Trade, warned against the ethical and compliance failures that have led to the collapse of similar organizations. He called for greater integrity and the adoption of digital transformation in SACCO operations to prevent similar outcomes.
