{"id":69705,"date":"2024-03-26T14:30:34","date_gmt":"2024-03-26T14:30:34","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/i-was-frustrated-from-starting-police-sacco-gen-kayihura"},"modified":"2024-03-26T14:38:53","modified_gmt":"2024-03-26T14:38:53","slug":"i-was-frustrated-from-starting-police-sacco-gen-kayihura","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/i-was-frustrated-from-starting-police-sacco-gen-kayihura","title":{"rendered":"I was frustrated from starting Police Sacco – Gen Kayihura"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Former Inspector General of Police (IGP), Gen Kale Kayihura, says he was frustrated from starting a Sacco as vibrant as Wazalendo, which is being run by the Uganda People\u2019s Defence Forces (UPDF).<\/b><\/p>\n

Gen Kayihura, 68, who served as IGP from 2005 until March 5, 2018, made the remarks during the 18th Wazalendo Annual General Meeting (AGM) held at Gaddafi Barracks in Jinja City on Monday.<\/p>\n

\u201cI wanted to start a Police Sacco but it was defeated by directors, not the juniors, because it was the juniors who stood to benefit from it,\u201d Gen Kayihura said without divulging details.<\/p>\n

Uganda Police Force currently runs an Exodus Sacco.<\/p>\n

Gen Kayihura further stated that he has been a beneficiary of the Wazalendo Sacco, adding that he is into making yoghurt, and implored the government to buy some from him.<\/p>\n

\u201cWhere is the ministry of defence? If you are here, please buy my yogurt, he said.<\/p>\n

Lt Gen Sam Kavuma, the Sacco\u2019s chairman board of directors, said the Sacco is doing \u201cvery well\u201d, before announcing a \u201chumble surplus\u201d of Shs70.2 billion for the past year.<\/p>\n

\u201cWe don\u2019t make profits, but a humble surplus; so, we made a humble surplus of Shs70.2 billion,\u201d he said.<\/p>\n

He added that since its inception on November 8, 2007, the Sacco has cumulatively disbursed Shs2.5 trillion, thereby contributing to the members\u2019 financial inclusion and independence.<\/p>\n

Col Joseph Freddy Onata, the Wazalendo Sacco chief executive officer, said as at December 31, 2023, the franchise had a share capital of Shs240 billion and savings of Shs445 billion.<\/p>\n

Outgoing Deputy Chief of Defence Forces, Lt Gen Peter Elwelu, who represented outgoing Chief of Defence Forces, Gen Wilson Mbasu Mbadi, said there was mistrust by the ordinary people for the men in uniform, but the success of the Sacco has absolved them.<\/p>\n

Lt Gen Elwelu, who was appointed senior presidential advisor in a reshuffle by President Museveni last week, warned anybody who is intent on destroying the Sacco.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Former Inspector General of Police (IGP), Gen Kale Kayihura, says he was frustrated from starting a Sacco as vibrant as Wazalendo, which is being run by the Uganda People\u2019s Defence Forces (UPDF). Gen Kayihura, 68, who served as IGP from 2005 until March 5, 2018, made the remarks during the 18th Wazalendo […]<\/p>\n","protected":false},"author":84,"featured_media":69704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,240,234],"class_list":["post-69705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nI was frustrated from starting Police Sacco - Gen Kayihura - Uganda<\/title>\n<meta name=\"description\" content=\"Former Inspector General of Police (IGP), Gen Kale Kayihura, says he was frustrated from starting a Sacco as vibrant ...\" \/>\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\/i-was-frustrated-from-starting-police-sacco-gen-kayihura\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I was frustrated from starting Police Sacco - 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