Wazalendo SACCO Ranked Among Africa’s Top 20 by Assets And Membership

Wazalendo SACCO has been recognised among Africa’s top 20 Savings and Credit Cooperative Organisations (SACCOs) by total assets and membership, according to a continental ranking by the African Confederation of Cooperative Savings and Credit Associations (ACCOSCA).

The recognition came during the 2026 SACCA Congress in Dar es Salaam, Tanzania, from 10 to 16 October. The congress brings together leaders in the cooperative financial sector to exchange experiences, share best practices and explore innovative approaches to strengthening SACCOs across Africa.

With reported total assets of approximately UGX 1.4 trillion, Wazalendo SACCO continues to expand its financial capacity to mobilise savings, extend credit and improve members’ financial well-being.

Speaking on the significance of the congress, WSACCO Chairman Board of Directors, Lieutenant General Sam Kavuma said the engagement provides an opportunity to benchmark the institution against leading cooperative financial organisations and strengthen its governance and financial sustainability.

“Our participation in the 2026 SACCA Congress provides an important opportunity to benchmark Wazalendo SACCO against leading cooperative financial institutions, exchange experiences and learn best practices in governance, financial sustainability and member service. As a Board, we remain committed to providing strategic leadership that strengthens the SACCO’s growth, safeguards members’ savings and advances their financial well-being,” Lt Gen Kavuma said.

He added that continuous learning and effective governance were essential to strengthening institutional resilience and ensuring the SACCO remained responsive to members’ changing financial needs.

The Chief Executive Officer, WSACCO, Brigadier General Yusuf Magero Buha said the SACCO would focus on translating lessons and partnerships from the congress into practical improvements in service delivery, digital innovation and operational efficiency.

“The SACCA Congress offers a valuable platform for learning, networking and exploring innovative approaches to delivering better financial services to our members. We are committed to translating the knowledge and partnerships gained from this engagement into practical improvements in service delivery, digital innovation and operational efficiency, while ensuring that Wazalendo SACCO continues to grow sustainably and meet the evolving needs of its membership,” Brig Gen Magero said.

He noted that innovation, efficiency and member-centred services remained key priorities as the institution strengthens its operations and expands access to financial services.

The recognition marks a significant milestone for Wazalendo SACCO and Uganda’s cooperative financial sector, reflecting the contributions of its members, Board of Directors, management and staff.

As the cooperative movement continues to evolve across Africa, Wazalendo SACCO remains focused on strengthening its financial position, improving service delivery and promoting members’ financial welfare through responsible financial management and sustainable growth.