LOBBY AND ADVOCACY THAT DELIVERS: THE SACCO SECTOR SECURES MAJORGOVERNMENT COMMITMENTS
30 th January 2026
To: All Chairpersons and CEOs/Managers
of Savings and Credit Cooperative Organisations (SACCOs)
Dear all,
LOBBY AND ADVOCACY THAT DELIVERS: THE SACCO SECTOR SECURES MAJOR
GOVERNMENT COMMITMENTS
Uganda Cooperative Savings and a Credit Union Lobby and Advocacy efforts for the SACCO
sector have once again yielded positive results. Yesterday, 29 th January 2026, the team, which
was accompanied by a team from Uganda Cooperative Alliance (UCA), held a high-level
engagement with the Rt. Hon. Speaker of Parliament and H.E. the President of the Republic of
Uganda. The engagements delivered key milestones for the SACCO sector in Uganda as
follows:
1) The President agreed that SACCOs should not be taxed. The income tax exemption for
SACCOs which is set to expire on 30 th June 2027 will be extended.
2) Bank of Uganda should halt its threats and directives targeted at stopping operations of
SACCOs that have declined to apply for a licence from the Central Bank. The president
guided that Bank of Uganda should simply provide an oversight role of the flow of money in
SACCOs but not to take over control through Regulations which don’t consider the unique
nature of SACCOs as cooperatives.
3) The President further guided that a stakeholders’ meeting chaired by the Hon. Speaker of
Parliament of Uganda should be convened to define and harmonize a fair and enabling
regulatory environment for the SACCO sector.
The above outcomes re-affirm the Government’s commitment to strengthening financial
inclusion and protecting community-based cooperative institutions.
On Behalf of the Chairperson and the Board of UCSCU, we extend our sincere appreciation to
H.E. the President of the Republic of Uganda, Rt. Hon. Anita Among, the Speaker of Parliament
of Uganda, Uganda Cooperative Alliance and all SACCOs and sector stakeholders for their
continued support and engagement in advancing the cooperative agenda.
We urge SACCOs to remain calm, uphold professional conduct, and wait for further guidance
from the Union.
Together, we continue to build a stronger, inclusive, and sustainable SACCO sector for
Uganda.
Dr. Sylivester Ndiroramukama
Chief Executive Officer.
C.C The Chairperson-UCSCU Board