The Bank of Uganda has licensed two more large Savings and Credit Cooperative Organizations (SACCOs), increasing the number of large SACCOs under its direct supervision to six.

The newly licensed SACCOs are Share An Opportunity SACCO, based in Zirobwe, and Kihondo Tukwatanize SACCO, based in Fort Portal.

The licences were presented during a ceremony held at the Bank of Uganda on Thursday, 6 August 2026, by Mr Mackay Aomu, Director of Non-Bank Financial Institutions, on behalf of the Executive Director, Supervision and Regulation.

Speaking during the ceremony, Mr Aomu urged the newly licensed SACCOs to remain firmly rooted in the communities they serve while building strong and trusted institutions for their members.

He emphasized the need for 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 (ESG) principles in their operations.

Mr Aomu said 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 Share An Opportunity SACCO and Kihondo Tukwatanize SACCO, together with staff from the Bank of Uganda's Supervision Directorate.