30/01/2026
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, 29th January 2026, the team, which was accompanied by a team from Uganda Cooperative Alliance Ltd. (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 was set to expire on 30th 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 license 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 African Confederation Of Cooperative Savings and Credit Associations World Council of Credit Unions