{"id":122207,"date":"2026-04-16T10:22:50","date_gmt":"2026-04-16T10:22:50","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution"},"modified":"2026-04-16T11:11:18","modified_gmt":"2026-04-16T11:11:18","slug":"wazalendo-sacco-new-board-takes-office-amid-governance-caution","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution","title":{"rendered":"Wazalendo SACCO New Board Takes Office Amid Governance Caution"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Uganda. <\/strong><\/span><b>The newly elected leadership of Wazalendo Savings and Credit Cooperative Society has officially assumed office, amid calls for enhanced governance and tighter risk management frameworks.<\/b><\/p>\n<p>The handover ceremony was held at the SACCO headquarters in Kiwatule, following elections conducted during the 20th Annual General Meeting in Jinja on March 31.<\/p>\n<p>Board Chairman Sam Kavuma commended the outgoing leadership for their service and urged them to remain ambassadors of the institution.<\/p>\n<p>\u201cYou have left office, but you have not left Wazalendo. You remain the right people to market the SACCO,\u201d he said.<\/p>\n<p>Kavuma also called on the new Board to work closely with management to ensure efficient service delivery, noting that collaboration has been central to the SACCO\u2019s growth over the years.<\/p>\n<p>However, he warned that continued expansion presents new risks, cautioning that weak governance structures and poor internal controls could undermine operations and threaten members\u2019 savings.<\/p>\n<p>Supervisory Board Chairperson Justus Rukundo said the new leadership will prioritise safeguarding members\u2019 interests while building on the progress made by their predecessors.<\/p>\n<p>Outgoing Board representative Allan Kitanda urged the incoming team to put institutional interests above personal considerations in order to sustain the SACCO\u2019s growth trajectory.<\/p>\n<p>Speaking on behalf of the new Board, Vice Chairperson Peter Omola pledged to uphold integrity and strengthen the SACCO\u2019s operations, citing his long-standing association with the institution.<\/p>\n<p>The new Board comprises representatives from various regions, supported by a Supervisory Board responsible for oversight and accountability.<\/p>\n<p>The ceremony was attended by senior officials, including Chief Executive Officer Yusuf Magero Buha, marking the beginning of a new leadership term focused on growth, stability, and improved member service.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Uganda<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Uganda. The newly elected leadership of Wazalendo Savings and Credit Cooperative Society has officially assumed office, amid calls for enhanced governance and tighter risk management frameworks. The handover ceremony was held at the SACCO headquarters in Kiwatule, following elections conducted during the 20th Annual General Meeting in Jinja on March 31. Board Chairman [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":122206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[234],"class_list":["post-122207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-uganda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Wazalendo SACCO New Board Takes Office Amid Governance Caution - Uganda<\/title>\n<meta name=\"description\" content=\"The newly elected leadership of Wazalendo Savings and Credit Cooperative Society has officially assumed office, amid ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wazalendo SACCO New Board Takes Office Amid Governance Caution\" \/>\n<meta property=\"og:description\" content=\"The newly elected leadership of Wazalendo Savings and Credit Cooperative Society has officially assumed office, amid ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-16T10:22:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-16T11:11:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2026\/04\/sm_1776325118.368043.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"719\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Wazalendo SACCO New Board Takes Office Amid Governance Caution\",\"datePublished\":\"2026-04-16T10:22:50+00:00\",\"dateModified\":\"2026-04-16T11:11:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution\"},\"wordCount\":291,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2026\/04\/sm_1776325118.368043.jpg\",\"keywords\":[\"uganda\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/wazalendo-sacco-new-board-takes-office-amid-governance-caution\",\"name\":\"Wazalendo SACCO New Board Takes Office Amid Governance Caution - 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