Emyooga initiative Archives – CEO East Africa

Emyooga saga: Kadaga orders Finance committee to call meet for MPs to discuss UGX250b Kitty

Thembo Kahungu MisairiBanking & Financial ServicesApril 20, 2021April 20, 2021

The general perception on the UGX250 billion package the Ministry of Finance channeled through the Microfinance Support Centre (MSC) is to operationalise President Yoweri Museveni’s presidential initiative on wealth and job creation, known as Emyooga. The emyooga money packed in the 2020/2021 financial year budget was supposed to benefit a total of 18 groups with different enterprises in every Constituency across the country with each supposed to receive UGX30m to help members start businesses. Each constituency is supposed to have received Shs256m for distribution to the successful beneficiaries. The emyooga funds target specialized skills groups such as; Boda Boda motorcyclists,…

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SACCOs Ask Gov’t to Expedite Release of Emyooga Funds

URNBanking & Financial ServicesFebruary 17, 2021February 17, 2021

Savings and Credit Cooperative Organizations- SACCOs have raised concern about the delay to release funds under the Emyooga program. More than 356 SACCOs were registered in Kampala Capital City Authority-KCCA to benefit from the UGX26 Billion. By February 12th, the government had disbursed over UGX4.240 billion to 190 SACCOs in Kampala but they are yet to access the funds. This has not gone well with SACCOs members who are now wondering if the program was a campaign gimmick. In Nakawa Market, over 450 vendors formed in 15 groups registered the Nakawa Market non-food Vendors SACCOs and opened a joint account in Centenary…

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Emyooga: Government Disburses UGX 4.24 billion in Kampala

URNBanking & Financial ServicesJanuary 13, 2021January 13, 2021

The government of Uganda has disbursed UGX4.240 billion to 140 Savings and Credit Cooperative Organizations-SACCOs in Kampala as part of the Emyooga Initiative. The initiative is aimed at creating jobs and improving household incomes for 68 per cent of Ugandans in the bodaboda industry, taxi drivers, restaurant owners, welders, market vendors, women entrepreneurs, youth, persons with disabilities, journalists, performing Artistes, veterans, fishermen and elected leaders. Under the programme, beneficiaries up to 30 in number form associations, and the associations in turn will form SACCOS each of which receives UGX30 million. According to the State Minister for Kampala…

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