The Uganda NRM Entrepreneurs League Members Savings & Credit Cooperative Society Limited (SACCO) has officially been launched in a colorful and highly spirited ceremony at Maya Natural Resort. The launch marks a significant milestone in empowering entrepreneurs aligned with the National Resistance Movement (NRM) ideology.

The initiative is spearheaded by Hon. Phillip Kakuru, the Senior Presidential Advisor on Trade and a frontrunner in the race for Chairman of the Central Executive Committee (CEC) for the NRM Entrepreneurs League.

In his keynote address, Kakuru commended NRM leaders from across the country who attended the event, praising their commitment to the party and entrepreneurial growth. He hailed President Yoweri Kaguta Museveni for his visionary leadership, which he credited for Uganda’s socio-political and economic transformation.
Kakuru also lauded Hajjat Hadijah Namyalo, the Chief Guest and Manager of the Office of the National Chairman (ONC), for her relentless grassroots mobilization. He noted that Namyalo’s efforts have brought many bazzukulu (youth) back to support the NRM and President Museveni.

Highlighting the importance of the newly launched SACCO, Kakuru pointed to the broader benefits of such financial cooperatives under the Museveni administration. He said the SACCO will offer members access to affordable credit, promote a savings culture, and facilitate collective investment—especially vital for small and medium enterprises. These benefits align with the government’s goal of economic inclusion and poverty eradication through wealth creation initiatives.
To underscore his commitment, Kakuru announced a UGX 100 million injection into the SACCO as start-up capital. He also revealed that operational offices will be opened nationwide, starting with the first one in Bugolobi, Kampala.
- Advertisement -
