FORT PORTAL-The Bank of Uganda has licensed Share An Opportunity and Kihondo Tukwatanize SACCOs, based in Fort Portal, bringing the number of large SACCOs under the Bank’s direct supervision to six.
The licences were presented during a ceremony held at the Bank of Uganda on Thursday, 6 August 2026, by Mr Mackay Aomu, Director, Non-Bank Financial Institutions, on behalf of the Executive Director, Supervision and Regulation.
Speaking at the ceremony, Mr Aomu urged the newly licensed SACCOs to remain firmly rooted in the communities they serve and to build strong, trusted institutions that their members can be proud of.
He emphasised the importance of sound policies and procedures that promote accountability, strengthen internal checks and balances, and support prudent management. He also called on the SACCOs to safeguard members’ data and give due attention to environmental, social, and governance principles in their operations.
Mr Aomu noted that well-governed and regulated SACCOs play an important role in expanding financial inclusion and supporting Uganda’s socio-economic transformation.
The ceremony was attended by executives and board chairpersons from the two SACCOs, together with staff from the Bank of Uganda’s Supervision Directorate.