Latest Posts

Maj Gen Felix Busizoori Sounds Alarm On Fraudsters Targeting Soldiers’ Funds

In a recent address at the 19th Wazalendo SACCO Pre-Annual General Meeting Delegates Conference held at the 4th Air Force Wing in Gulu, Maj Gen Felix Busizoori, Commander of the 4 Infantry Division, warned of the increasing threat posed by fraudsters preying on soldiers’ savings. The general highlighted that those deceived by money laundering schemes often suffer from reduced morale, discipline issues, and, in some instances, even desertion.

During his speech, Maj Gen Busizoori stressed the importance of commanders playing an active role in advising soldiers on sound financial practices. He noted that while Wazalendo SACCO offers low-interest loans aimed at enhancing the welfare of military personnel, there remains a concern over poor enterprise choices among some UPDF members. The general urged soldiers to prioritize saving and to invest in ventures that promise long-term sustainability.

Emphasizing the SACCO’s impressive growth, Maj Gen Busizoori remarked that as Wazalendo SACCO expands, the welfare of its members should similarly progress. He encouraged commanders to keep a close watch on the performance of the soldiers’ chosen business endeavors to ensure steady financial improvement.

Adding to the discussions, Col Allan Kitanda, Vice Chairman of Wazalendo SACCO’s Board of Governors, shared that by December 31, 2024, the SACCO had exceeded its financial targets, establishing itself as the largest in Uganda. He also highlighted new affordable housing initiatives introduced by Wazalendo Investment Limited (WIL), which include housing projects in areas such as Bulamu along Mityana Road, Mukono-Wantone near Katosi Road, and Matugga. These projects are designed to enhance the social welfare of its members.

Since its inception on September 22, 2005, UPDF Wazalendo SACCO has consistently organized Pre-AGMs to review and improve proposals before the main Annual General Meeting. This year’s AGM is scheduled for March 17, 2025, at Gaddafi Barracks in Jinja.

The conference was attended by high-ranking officials from the 4th and 5th Infantry Divisions, including deputy division commanders, brigade and battalion commanders, administrative officers, and various SACCO delegates, all committed to promoting financial prudence within the military community.

Loading

Don't Miss

EXPOSED! Muyenga Tycoon’s Maid Cited In Land Wrangle

In recent days, Muyenga, Y2K Zone a push Kampala suburb,

Parliament Orders Closure Of Fuelex Petrol Stations For Adulterating Fuel

The Parliamentary Committee on Trade And Industry led by Mbarara

Big Story: Parliament Probes UETCL Bosses Over Corruption, Mismanagement & Controversial UGX 28Billion Compensation Deal

Members of Parliament on the Committee on Environment and Natural

‘Back Off Buganda Land’ Kabaka Mutebi Castigates People Pushing For Abolition Of Mailo Land Tenure System

The Kabaka of Buganda Kingdom Ronald Muwenda Mutebi II has

Big Story: IGG Probes Over Shs1bn Ubos Fraud

The Inspector General of Government (IGG) is investigating top officials

EXPLOSIVE: How Speaker Kadaga & Confidant Hon. Okupa Spent Over US $764,000 (Shs2.8 BN) In-less Than 2 Years In Travels Abroad

Since taking office as Deputy Speaker of Parliament way back

Ham Vs DTB Appeal: Bank Of Uganda Runs Out Of Case, Leaves DTB To Carry Its Own Cross

Bank of Uganda has officially quit the case involving city

Amnesty International Joins Push To Free Presidential Runner Robert Kyagulanyi

The Ugandan authorities must immediately lift the police and military

Exporters Call For Strong Action Against EAC States’ Trade Barriers

Manufacturers have called on the government to impose tough measures

Big Story: How KCCA Officials Messed Up Youth Fund Programs, Stole Billions of Gov’t Funds In Shoddy Deals

Kampala: If there is any government Authority that frustrating President

I Predict Museveni, NRM Victory In 2021 Elections

By Faruk Kirunda Kampala: As we dive into the high

Crisis: Lord Mayor Lukwago Defies Court Order, Appoints Balondemu As Chairman K’la District Land Board

Veteran lawyer Hajji Elias Lukwago, who is the Kampala city

Scandal: Stanbic Bank Bosses Allegedly Steal Borrowers’ Land Titles, Mortgage Them To Dfcu Bank

Several officials at Stanbic Bank are in deep trouble after

Scandal: KCCA Officials On Spot For Blowing Shs 8Bn Under The Guise Of Renovating Old Tax Park

Several officials at the Kampala Capital City Authority (KCCA), are

Covid-19 Crisis: Ugandan Students Expected To Sit For UNEB Exams In March 2021

All indications are that a dead year will not be

BoU To Appeal In Supreme Court Over Trashed Crane Bank Case

The Bank of Uganda (BOU) has said it will be

Shame As Top Police Boss Is Convicted Of Car Theft, Ordered To Pay Over Shs282M

Untold shame has engulfed the Uganda Police a senior officer

Just In! Energy Mafias Rock Parliament As Patriotic Young Turks Question AIGP Akullo’s Involvement In Min. Energy Corruption

Panic has rocked Parliament as renowned Parliamentarian and Lawyer Hon.

Energy Mafias Debunked Part III: How Werikhe, Turyagyenda Corruptly Swindled Shs15 Bn For 3 Electricity Distribution Projects In Acholi, Bunyoro & Kiruhura

FUNDING THE COUP THROUGH ENERGY AND MINERALS CORRUPTION By the

Just In: Top Energy Officials Fired On Presidential Orders Over Massive Theft Of Electricity Distribution Funds

By Our Reporter Kampala: Two senior officials of Rural Electrification

Salary Scam Hits KCCA AS 29bn Is Paid To Ghost Workers

After Eng Andrew Kitata took over as the acting Executive

Over 1,600 New Voters Registered Ahead Of Soroti East By-election

The Electoral Commission has registered an additional 1,679 voters for

Brig.Emmanuel Mulindwa Laid To Rest

“For we believe that Jesus died and rose again and