Bunyoro Emyooga SACCOS Urged to Tap into Oil and Gas Opportunities

Date:

Share post:

Emyooga savings and credit cooperative societies (SACCOS) in Bunyoro sub-region have been challenged to prepare themselves for the opportunities in the oil and gas industry that are set to be lucrative in the Albertine Graben, where most of the exploration and production activities will be based.

The call was made by Badru Mugabi, the Hioma Resident City Commissioner, while welcoming Emyooga SACCOS leaders from West Nile, who were on a visit to benchmark the best practises of Emyooga groups in Bunyoro recently.

Then Exchange visits were introduced by the Microfinance Support Centre to move the different SACCOS leaders from one region to another to see and appreciate some of the enterprises taking place in the mainstream and Emyooga SACCOS.

Mugabi said by engaging and training the Emyooga beneficiaries in financial literacy and business incubation, the SACCOS have been able to achieve sustainability and absorption of the funds, making them ready for takeoff.

Related articles

Uganda’s Rugby Cranes Ready for Big Match Against Kenya

The Uganda Rugby Cranes are preparing for an important match against the Kenya Simbas in the second leg...

Uganda Praised for Readiness to Host AU Summit on Agriculture in 2025

The African Union (AU) Commission delegation has praised the Ugandan government for its readiness to host the AU...

Barbie Kyagulanyi Takes Action Against Sultana Amid Rumors

Barbie Kyagulanyi, the wife of Bobi Wine, has reportedly taken steps to deal with whispers about her husband's...

President Museveni Encourages Kibaale Residents to Adopt 4-Acre Farming Model to Combat Poverty

President Yoweri Museveni has called on residents of Kibaale District to adopt the 4-acre farming model as a...