The Rt. Hon. Speaker of Parliament, Rebecca Kadaga, has urged the management of Radio Simba to use money from its SACCO to create investments that will enhance staff welfare and income.
Kadaga, while launching Radio Simba Staff SACCO on Friday 10th November 2017 said that in developed countries, people belong to such organized savings and credit groups.
“In Kenya, almost everybody belongs to a cooperative union. Cooperative unions are the richest organizations there; the teacher’s union in Kenya has many investments,” she said.
She urged the Simba Radio SACCO members to learn from the Parliament Sacco, which has undertaken a number of development projects benefiting its members.
“The Parliamentarians SACCO bought land, which was sold to members at subsidized prices for them to construct houses close to the city,” she said.
She explained that the SACCO should be in position to maintain books of accounts to enable them solicit more funding from Government through the Microfinance Support Centre.
Kadaga thanked Radio Simba for the good work done in supporting developmental programmes in Busoga.
The Managing Director Radio Simba, Collin Mutamba, said given the low turnover of staff at the radio, the management decided to initiate programmes that world enhance staff welfare.
“Radio Simba has people that have worked with us for over 20 years; therefore, we have to make sure that we make projects that will build there livelihoods,” he said.
He said that currently, the SACCO would benefit more that 80 staff.
Mutamba said the radio takes pride for having been the first to open up an online stream in East Africa and reach listeners in any part of the world.
Kadaga pledged Shs 5m to the SACCO and encouraged staff to save more and not spend all their income.