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Wazalendo Sacco will open up to the public

Col Joseph Freddy Onata, the CEO of Wazalendo Sacco, has advised saccos to resist the temptation of becoming commercial banks.

“Not only are the foundations and mission goals of saccos and banks different, but it is saccos that can bring about mass financial empowerment and transformation. Whereas banks make profits for their shareholders and they serve customers, saccos serve their members and make profits for their members,” he said. 

Onata was the keynote speaker at the official opening of the Ntinda, Kampala branch of Millennium Sacco 2012, on May 12, 2023. He added that Sacco leaders are elected from members whereas bank leaders are appointed from outside. Above all, the majority of banks are foreign-owned, and they repatriate their profits rather than invest in our economy.

While announcing that Wazalendo Sacco will go public next year, he shared that the idea of a bank had been suggested to them but they rejected it.

“So long as you ensure that your sacco is member-centred in all its activities, this will build a greater brand for you than being a commercial bank.”

With headquarters in Mbarara city, Millennium Sacco 2012’s Ntinda, Kampala branch is its eighth. Ronald Abaho, the general manager of Millennium, said the Ntinda branch is being treated as a pilot for Kampala, to guide them in opening three more branches in the capital city. It started operations mid-March 2023.

In less than two months, the branch has registered 85 new accounts, Shs 90.3 million in new savings and Shs 45 million in fixed deposits, and given out loans worth Shs 430 million.

Millennium Sacco 2012 is a brainchild of Ankole diocese bishop Rt Rev Dr Fred Sheldon Mwesigwa. It started in December 2012 on a small scale as a sacco for the diocesan staff only; its initial official name was Ankole Diocese Millennium Sacco. The bishop was the chief host at the Ntinda function.

Eng. Fred Tumwine, the chairman, explained that it was later decided that the membership include even non-staff of the diocese, and the name was shortened. He said anyone from any religious denomination can join the sacco because its goal is to spread financial empowerment and inclusion, and uplift communities.

Tumwine reported that the sacco so far has an asset base above Shs 21 billion, more than 21,000 members and a staff of 70 people. He reported consistent profitability despite the Covid-19 disruptions. In 2022 alone, the sacco made a net profit of Shs 1.4 billion. It paid Shs 340 million as taxes to Uganda Revenue Authority.

INVITATIONS TO OTHER DISTRICTS

Tumwine said that because of exemplary management and performance, Millennium has even been invited to open branches in other districts such as Katakwi and Kabale, among others.

Pamela Komugisha, representing Trade, Industry and Cooperatives, minister Francis Mwebesa disclosed that the ministry was taking a paper to cabinet soon to cause the revival of the Cooperative bank. She said such a bank would not repatriate the profits of its member saccos since it would be purely Ugandan-owned. By John Musinguzi, The Observer

Lawyer George Wajackoya (left) was among those representing 'Yesu wa Tongaren' in court.[Juliet Omelo, Standard]

The police had accused Wekesa of engaging in cultism in Tongaren, claiming to be Jesus Christ. The officers said he had been teaching radical ideologies to his followers while engaging in money laundering, accusations that have all been dropped.

The prosecution had also said they had reasons to believe there were criminal activities of indoctrination being carried out at Wekesa's church.

Last Friday, the court granted the prosecution four days to hold the suspect so they can complete their investigations. However, the investigators found nothing incriminating against him. 

Wekesa's lawyer George Wajackoya condemned the arrest of 'Yesu wa Tongaren' saying it was politically instigated by leaders from Bungoma County.

"It is very wrong to incriminate a religious leader based on the Shakahola incident. This man is very innocent and his arrest was purely political. A lot of Bungoma leaders, including the governor, were on the forefront pushing for his arrest," Wajackoya told the court.

Wajakoya further noted that every religious leader has a right to preach the word of God and is protected by the Constitution.

The principal magistrate ruled that Wekesa had no case to answer after the prosecution failed to adduce any evidence before the court to enable his prosecution.

"The suspect has not been found with any offence following investigations that were done by police and therefore is set him free," ruled Mr Orlando.

Wekesa thanked the court for setting him free saying; "It is God's doing".

"I had earlier on said my lawyers would be the sun and the moon but God came through and placed a rainbow on my side in the form of lawyer Simiyu Wamalwa who has stood with me since the beginning, and Prof Wajackoya who has come today to stand with me. I don't take it for granted," said Mr Wekesa

Wekesa noted that he is not like other men of God who thrive in wealth but instead leads a simple and truthful life, preaching the word of God.

"On Saturday, I went with some police officers to my home during their investigations, and I was glad, being a sabbath day, they got a chance to witness and count the offerings that were collected; Sh250, six tomatoes and four onions," said Wekesa.  Wekesa told the court that his only wealth is his beard and the hair on his head. By Omelo Juliet , The Standard

Luke Skelton.jpg© Counter Terrorism Policing North-East

A teenager has been convicted of planning a far-right terror attack targeting police stations in Newcastle.

Luke Skelton, now 19, carried out hostile reconnaissance and wrote a manifesto and “final note” to spread his message after the attack.

He denied preparing acts of terrorism in the year to October 2021, but was convicted by a jury at Teesside Crown Court.

The former student, who is autistic, said he did not want to harm anyone and that he could not remember why he was looking at weapons and explosives online. 

But prosecutors said he held racist, sexist, Islamophobic and antisemitic views, “lionised” far-right terror attacks around the world and saw violence as a way to achieve his political objectives.

In his final note, Skelton wrote that he aimed to “accelerate the coming collapse and racial war” in Britain, when people would die “in the thousands”.

The note was drafted in January 2021, months after staff at his school had reported him to the government’s Prevent counter-terrorism scheme.

Prosecutor Nicholas de la Poer QC told jurors that teachers at Gateshead College “became concerned” during the first term of his second year, when Skelton was 17.

A referral was made to Prevent in November 2020, but Skelton did not have his first meeting with an “intervention provider” until the following March. By Lizzie Dearden, The Independent

A photo collage of scene where human remains were found in Yatta B2 ranch (left) and aerial view of the ranch.

Human bone remains found in a ranch in Machakos County on Tuesday, May 16, sparked fears that there might be a mass grave in the expansive area.

Residents living around Yatta B2 Ranch, which is located in Kalelini area, Kanyonyoo, and borders Yatta as well as Kitui constituencies stumbled upon the bones believed to have been buried there under questionable circumstances. 

While calling for investigations, the residents are now fearful that more bodies may have been buried there.

Yatta B2 Ranch is one of the most expansive lands in the Lower Eastern region, spanning over 53,000 acres which may take investigative officers weeks should they commence investigations.

 

In August 2021, 15 people went missing in the Yatta B2 Ranch after over 100 armed goons invaded individuals who had squatted on the ranch.

With the finding of human remains, Kenyans were fearful that the region could have been used to bury the victims. 

The remains in Yatta B2 Ranch are yet to be identified to ascertain the circumstances that led to the death of the victims.

The findings from Yatta B2 ranch came at a time when Chakama Ranch in Kilifi County had been declared a crime scene.

That was after bodies were found buried in shallow graves in Shakahola Forest found within the ranch.

The bodies were believed to have been buried under the direction of suspected cult pastor, Paul Mackenzie, who is said to have induced forced starvation on his followers under the guise of religious fasting. 

Speaking at the crime scene, Interior Cabinet Secretary Kithure Kindiki vowed that no stone would be left unturned.

"While the state remains respectful of religious freedom, this horrendous blight on our conscience must lead to the most severe punishment of the perpetrator,” Kindiki vowed on Sunday, April 23. 

Kenyans around Masinga, Kitui Rural and Yatta Constituencies were asked to report if they had their relatives disappear in recent times. By KIOKO NYAMASYO , Kenyans.co.ke

 

 

Uganda’s Dairy Development Authority (DDA) says Kenyan authorities are limiting the number of export permits for powdered milk from the country.

DDA executive director Samson Akankiza told The Monitor that Nairobi is only issuing about 20 percent of entry papers to exporters of its powdered milk.

“I don’t have figures off-head, but the reduction is about 20 percent. Other products are getting permits except milk powder; but the market is still open, and Uganda milk players are exporting products there,” he said.

In early March, Kenya imposed a ban on Ugandan powdered milk, saying it was to protect local producers. A few weeks later, it reopened the doors following bilateral discussions.

“The official position is that the ban was lifted, and now we are seeing a reduction in volumes of milk powder being exported there,” Mr Akankiza said.

His statements come after Benson Mwangi, the general manager at Brookside Uganda, a firm owned by the family of former President Uhuru Kenyatta, said Nairobi is denying the milk processor export permits and that those given are often delayed.

“Effective March 19, 2023, the Kenyan government through Kenya Dairy Board stopped issuing permits for our dairy products in the Kentrade system, affecting our factory output significantly,” he says in a letter dated April 5.

Brookside is one of Uganda’s leading milk producers and exporters alongside Pearl Dairies, Jesa Farm Dairy, Amos Dairies Uganda Limited, Paramount Dairies Limited, GBK Dairy Products Limited and Lakeside Dairy Limited.

The Kenyan-owned firm, together wit Pearl and Amos dairies are expected to sign export agreements with Algeria in June after Uganda widened its search for a market for its milk following the incessant trade wars with its East African neighbours.

Kenya has been the leading buyer of Uganda’s milk, with imports valued at $138.2 million in 2020, although trade relations between the two countries have faced several barriers, prompting Uganda to search for new markets for its milk as many of its dairy processors were hard it by the loss of the Kenyan market. - The Monitor

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