The Uganda Peoples’ Defence Forces leadership has applauded Wazalendo SACCO for its continued contribution to the financial stability and welfare of its personnel.
The recognition was delivered by the Chief of Staff – Air Force, Brig Gen David Gonyi, who represented the Chief of Joint Staff at the launch of the SACCO’s 13th Cash Operating Branch in Nansana Municipality.
Brig Gen Gonyi said Wazalendo has become a central pillar of financial inclusion within the defence community through its disciplined savingculture and accessible credit facilities. He reaffirmed the UPDF’s commitment to improving the welfare of officers and militants and noted that Wazalendo will retain its SACCO status rather than transition into a commercial bank.
Speaking on behalf of the Board Chairman, Vice Chairman Col Allan Kitanda thanked the UPDF leadership for its consistent support and for endorsing the decision to preserve Wazalendo’s identity. He encouraged members to increase participation and involve their families so the institution can grow into the largest SACCO on the continent.
Col Kitanda noted that Wazalendo marks twenty years of operations this year, attributing its growth to the guidance of the UPDF leadership, dedicated staff and loyal members who continue to entrust the institution with their savings.
The Acting Chief Executive Officer, Col Yusuf Magero Buha, said the Nansana branch was established to ease congestion at the Kampala branch and bring services closer to members. He emphasised the need to recruit more family members to strengthen financial inclusion anand long-term sustainability.
He asked the UPDF leadership to guide the SACCO on how best to handle retired personnel who later join other SACCOs, noting the impact on performance.
Col Buha added that Wazalendo has stepped up training for members before loan access to ensure responsible borrowing, to keep loans affordable and encourage active participation across all units.
The Director of Operations, Mr William Atalyeba, said that the former Kakiri branch, now under Nansana, will continue to operate as a liaison office and urged the new branch manager to deliver committed service.
Before the end of the year, Wazalendo is expected to launch the Kibibi Cash Branch, commission the Lira Cash Branch and open a liaison office in Kabong.
