General
Mak and Stanbic Discuss Partnership beyond Banking
Published
4 years agoon

As Makerere University gears up for celebrations to mark 100 years of existence in the second half of 2022, a team from Stanbic Bank Uganda (SBU) led by Chief Executive Officer (CEO) Ms. Anne Juuko on Monday 12th April, 2021 held discussions with a special session of Central Management on how to deepen collaboration. Chaired by the Vice Chancellor, Prof. Barnabas Nawangwe, the session specifically provided a platform for Stanbic to showcase the non-banking services that Makerere can take advantage of in the quest to become a research-led university.
The special session was prompted by a prior engagements between the Acting (Ag.) Deputy Vice Chancellor (Finance and Administration)-DVCFA, Dr. Josephine Nabukenya and Ms. Juuko, wherein the latter expressed SBU’s interest in partnering with Makerere to deliver her ten year strategic objectives. The Vision for the ten year (2020-2030) strategic plan is “a thought leader of knowledge generation for societal transformation and development”.
“Makerere University’s first strategic goal to translate into a research-led university requires a lot of thinking through on how the different services can be rehabilitated into frameworks that support our vision” remarked Dr. Nabukenya.
The Ag. DVCFA was speaking in reference to the research and innovations ecosystem that needs to be created to ensure that Makerere’s research will over the next 10 years have demonstrable economic, environmental, health and social impacts.
The Vice Chancellor thanked the Ag. DVCFA for initiating the discussions with SBU, noting that this was timely and would help take advantage of the huge potential that the University has to offer. “Thanks to funding from the Government of Uganda through the Makerere University Research and Innovations Fund (Mak-RIF) we now have hundreds of innovations produced by the various research teams.”
“Our biggest problem at present is the lack of funds to commercialise these innovations. Uganda has no venture capitalists but I believe that with the resources that you (SBU) have, we can work together to help support these innovators” remarked Prof. Nawangwe.
Prior to making her presentation the CEO thanked Makerere University for the supporting SBU’s business thus far, as well as the ensuring that the two partners enjoy a quality relationship with each successive Management team. “We take extra pride when it comes to working with Makerere University,” she added.
Ms. Juuko said the reorganisation of SBU in 2018 to include a holding company (Stanbic Holdings Uganda Limited-SHUL) had enabled the entity to enhance the value of products and services offered to its customers. In addition to SBU, other SHUL subsidiaries; Stanbic Properties Uganda Limited, Stanbic Business Incubator Limited, FlyHub and SBG Securities. These, she noted, enable Stanbic to offer a broader range of services to staff and students beyond banking.
Reflecting on the signing of the Final Investment Decision (FID) on 11th April 2021, the CEO shared that SBU in line with its support for responsible investment through assessing and managing environmental, social and governance risks would take keen interest in oil production. “One of the hottest topics is that oil mining is going to take place in one of the most ecologically sensitive zones. How can we partner with Makerere to ensure that this is conducted in a sustainable way?” she pondered.
The CEO also brought to the attention of Central Management that SBU had in 2020 partnered with the United Nations Development Programme (UNDP) to launch the Youth4Business Innovation and Entrepreneurial Facility as an answer to youth unemployment. As a way forward, she added that Makerere would be brought on board to form a three-way conversation on how best to achieve the facility’s objectives, especially following disruptions to micro, small and medium enterprises (MSMEs) operations caused by COVID-19.
Other topics covered by the SBU presentation included; supporting the Makerere University Staff SACCO to grow their funds, Financial Fitness sessions for staff on how best to invest and grow their earnings, and a laptop loan scheme for staff and students where payments can be made over a period of two to three years. Also shared was how SBU is using data to reduce loan approval for customers to 120seconds as well as introducing alternative systems for making payments and receiving collections such as point of sale devices and virtual wallets tagged to customer phone numbers.
In some of the reactions that followed, the Deputy Vice Chancellor (Academic Affairs)-DVCAA Dr. Umar Kakumba thanked SBU for reaching out to Makerere and advocated for increased internship placements for students in the SHUL subsidiaries. He also called for collaboration at the training level.
“The staff at the College of Business and Management Sciences (CoBAMS) have in the past conducted financial literacy training for various organisations and are ready to partner with Stanbic as they reach out to various communities in their educational programmes,” added Dr. Kakumba.
Delivering the concluding remarks, the Vice Chancellor thanked the Ag. DVCFA for initiating discussions with SBU as well as the CEO and her team for sparing time to meet with Central Management. “Together, Makerere as the premier and largest University and Stanbic as the largest bank operating in Uganda can do a lot to transform this country.”
The parties agreed to formalise the collaboration by signing Memorandum of Understanding at a later date.
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General
Advert: Position of First Deputy Vice Chancellor
Published
20 hours agoon
March 3, 2025By
Mak Editor
Makerere University is governed by the Universities and Other Tertiary Institutions Act, Cap 262. The University is seeking applications from suitably qualified applicants for the position of First Deputy Vice-Chancellor. The First Deputy Vice Chancellor must possess a strong background in academic leadership, teaching, research, and strategic institutional management.
1. POSITION: FIRST DEPUTY VICE-CHANCELLOR
2. SALARY SCALE: PU2
3: DUTY STATION: MAKERERE UNIVERSITY
4. ROLE
The First Deputy Vice-Chancellor will report to the Vice–Chancellor and shall:
- Assist the Vice Chancellor in performance of his or her functions and in that regard be responsible for the Academic affairs of the University
- In the absence of the Vice-Chancellor, perform the functions of the Vice-Chancellor and,
- Perform such other functions that may be delegated to him or her by the Vice Chancellor or assigned by the University Council.
5. PURPOSE OF THE JOB
To provide leadership and Coordination of academic and academic research matters to ensure effective and efficient implementation of policies, teaching and research programmes.
6. DUTIES AND RESPONSIBILITIES
- Initiate, obtain approval of policies, plans and programmes that will enhance the academic and professional excellence of the University.
- Initiate, coordinate curriculum development and review for all courses offered at the University.
- Ensure that all examinations are set and marked in accordance with established Regulations.
- Coordinate the appointment of external examiners.
- Oversee the selection and admission of qualified students.
- Oversee the development of research programmes by liaising with Principals of Colleges/Deans of Schools and submit them to Senate and Council for approval.
7. CANDIDATE SPECIFICATION
- Hold a PhD or any other academic doctorate.
- Be at the rank of associate or full professor level in an institution whose academic ranking is comparable with that of Makerere University as accepted by Senate.
- Be a Ugandan citizen within the age bracket of 40 to 65 years at the time of application.
7.1 Academic Qualifications
- Earned a Ph.D. or equivalent doctorate in a relevant discipline.
- Minimum 5 years of progressive academic experience, including teaching, research, and academic administration at the level of dean of a school or higher.
- At least 20 peer-reviewed publications in reputable journals indexed in Scopus, Web of Science, or equivalent databases.
- Supervised at least ten (10) postgraduate students (Masters and PhD) to completion and graduation; at least three of these students must have been at the level of PhD.
7.2 Strategic Planning & Governance
- Evidence of having served or participated in university-level strategic planning processes including, membership to strategic planning committees and contribution to policy development and institutional growth.
- At least five years of demonstrated experience in academic programme accreditation processes contributing to the securing approvals from the relevant national or international regulatory bodies.
- Demonstrated evidence in leading at least one (1) higher education ICT integration initiative, improving online learning, digital governance, or student information systems or the development of at least one online course curriculum.
7.3 Leadership & Administrative Experience
- A minimum of 5 years of senior academic leadership in a recognized institution comparable to that of Makerere University, as accepted by the Senate, at the level of Dean of a School or higher.
- Participated in the development and implementation of at least two (2) academic policies improving quality assurance, curriculum development, or institutional governance.
- Demonstrated ability to lead a school or college, ensuring optimal performance and professional development of members.
- Proven track record of mentoring at least 10 faculty members toward career progression and research output, including co-teaching, publication, and capacity development in areas of teaching and training, grants, research and innovations.
- Participated in at least three (3) university committees or initiatives on academic policy development, research and publications, or student affairs.
- Participation in mediation of at least five (5) student or faculty grievances, ensuring fair and transparent resolutions.
7.4 Teaching, Learning & Curriculum Development
- Led or contributed to the development of at least five (5) accredited academic programmes or curricula at undergraduate and postgraduate level.
- Participated in the Designing and conducting at least 10 faculty development workshops focused on pedagogy, research methodologies, or curriculum advancement.
7.5 Research & Innovation
- Secured at least $200,000 in competitive research grants from national or international funding agencies.
- Established or managed at least one (1) research centre, or college wide research programme or industry-academic partnerships.
- Published a minimum of five (5) books, or 5 book chapters, or patents (separate from the papers in peer reviewed journals), contributing to knowledge production in the discipline.
- Organized at least three (3) international or national research conferences, fostering collaboration and knowledge exchange.
7.6 Financial & Resource Management
- Successfully managed academic budgets exceeding UGX 500,000,000= in a leadership role.
- Led at least two (2) faculty resource mobilisation initiatives, increasing funding for research, scholarships, or infrastructure.
- Secured at least one (1) international academic partnership to enhance funding, student exchange, or faculty development.
- Developed and executed at least three (3) cost-cutting strategies, optimising institutional resources without compromising academic quality.
7.7 Stakeholder Engagement & Collaboration
- Built at least five (5) partnerships with government agencies, private sector stakeholders, or international academic institutions.
- Successfully led at least two (2) community engagement or outreach programmes, strengthening university-industry relations.
- Served on or contributed to at least three (3) University, national, or international education policy boards, shaping higher education discourse.
7.8 Personal Attributes
- Proven record of upholding institutional integrity, with no record of financial mismanagement or ethical violations.
- Demonstrated decision-making and problem-solving skills, having led at least five (5) crisis resolution initiatives.
- Recognized for academic leadership excellence, receiving at least one (1 ) award or recognition for contributions to higher education.
8. REMUNERATION
An attractive remuneration package that is in accordance with Makerere University terms and conditions of service.
9. TENURE
The First Deputy Vice Chancellor shall hold office for a period of five years and shall be eligible for re- appointment for one more term.
10. METHOD OF APPLICATION
Interested applicants are invited to submit their application letters. The following documents shall comprise a complete application:
- A signed letter of application;
- A vision statement;
- Curriculum Vitae with contact details signed and dated by the applicant;
- Copies of required minimum number of publications;
- Certified copies of academic transcripts and certificates.
- Three (3) letters of recommendation;
- Copies of letters of appointment to leadership positions at the level of Dean of a School in a national accredited university or other academic institution;
- A copy of the applicant’s National Identity Card or passport;
- A copy of the last clearance from the Inspector General of Government or other equivalent national body.
- Referees should be advised to send confidential reference letters, addressed to the Chairperson Search Committee for the Position of First Deputy Vice Chancellor and delivered directly to the address below by 5:00 pm on Monday 24th March, 2025.
- The references should cover the following areas: the applicant’s academic credential, experience, leadership, managerial and administrative skills and personal integrity.
Both Hardcopy and Electronic (Email) applications shall be accepted.
a) Hardcopy applications: Both confidential letters and sealed applications marked “CONFIDENTIAL: POSITION OF FIRST DEPUTY VICE CHANCELLOR” should be addressed to:
SECRETARY SEARCH COMMITTEE
THE ACADEMIC REGISTRAR
MAKERERE UNIVERSITY
6TH Floor, ROOM 602, SENATE BUILDING
P.O.BOX 7062, KAMPALA, UGANDA
b) Electronic media (e-mail) applications should have all the above documents scanned and emailed to search.dvcaa@mak.ac.ug by 5.00 pm East African Standard Time on Monday 24th March, 2025.
Please note that:
a) Incomplete applications or applications received after the closing date and time will not be considered.
b) Only shortlisted applicants shall be contacted.
For more Information and inquiries: Visit our website https://mak.ac.ug/search-fordvcs OR email us on search.dvcaa@mak.ac.ug OR Call Telephone number: +256-414-532634 during working hours (between 8:00 am to 5:00 pm Monday to Friday).
MAKERERE UNIVERSITY IS AN EQUAL OPPORTUNITY EMPLOYER
Prof. Mukadasi Buyinza
ACADEMIC REGISTRAR
General
Advert: Position of Second Deputy Vice Chancellor
Published
21 hours agoon
March 3, 2025By
Mak Editor
Makerere University is governed by the Universities and Other Tertiary Institutions Act, Cap 262. The University is seeking applications from suitably qualified applicants for the position of Second Deputy Vice-Chancellor. The Second Deputy Vice Chancellor holds a pivotal role in financial governance, institutional planning, and administrative leadership.
1. POSITION: SECOND DEPUTY VICE-CHANCELLOR
2. SALARY SCALE: PU2
3: DUTY STATION: MAKERERE UNIVERSITY
4. ROLE
The Second Deputy Vice-Chancellor will report to the Vice–Chancellor and shall:
a) Assist the Vice Chancellor in performance of his or her functions and in that regard shall oversee the finances and administration of the University;
b) Be responsible for the Planning and Development of the University and,
c) Perform such other functions that may be delegated to him or her by the Vice Chancellor or assigned by the University Council.
5. PURPOSE OF THE JOB
To provide strategic leadership and ensure efficient and sound financial, human and fiscal resources management in the University.
6. DUTIES AND RESPONSIBILITIES
a) Provide leadership in Strategic planning and governance, leadership and administrative experience, Human resource and performance Management, Stakeholder engagement and collaboration.
b) Provide leadership in preparation and implementation of the University’s recurrent and capital budgets.
c) Monitor the development and implementation of the University’s accounting procedures, manuals and other documents relating to financial control and Management as per approved financial regulations.
d) Oversee income and expenditure of all income generating units of the University.
e) Coordinate the production of the University-wide Financial Reports by Colleges and Units.
f) Management of human resources in the University.
g) Oversee the management of University Estates and Assets.
7. CANDIDATE SPECIFICATION
a) Hold a PhD or any other academic doctorate.
b) Be at the rank of associate or full professor level in an institution whose academic ranking is comparable with that of Makerere University as accepted by Senate.
c) Be a Ugandan citizen within the age bracket of 40 to 65 years at the time of application.
7.1 Academic Qualifications
a) Earned a Ph.D. or equivalent doctorate should be acceptable by Senate.
b) At least five years of financial or administrative leadership experience at the level of school dean/director or higher in a higher education institution, public service, or corporate institutions.
c) Supervised at least ten (10) postgraduate students (Master’s and Ph.D.) to completion. At least three of the students must be at the PhD level.
7.2 Strategic Planning and Governance
a) Experience in leading large administrative teams at the level of dean or higher, demonstrating efficiency and productivity.
b) Proven record in developing and executing strategic plans, aligning financial and administrative objectives with institutional goals.
c) Evidence of developing and implementing financial policies that have improved financial efficiency, transparency, and risk management.
d) Evidence of implementing organisational restructuring or process improvements to ensure operational efficiency.
e) Ability to develop and implement institutional policies, ensuring compliance with national higher education and financial regulations.
7.3 Leadership & Administrative Experience
a) Minimum 5 years of senior academic leadership in a recognized institution comparable with that of Makerere University, as accepted by Senate.
b) Demonstrated experience in managing budgets exceeding UGX 500,000,000=, ensuring financial sustainability and accountability.
c) Proven ability to mobilize resources, secure grants, and attract external funding to support institutional growth.
d) Experience in conducting financial forecasting, cost control measures, and investment strategies to optimize institutional resources.
e) Track record of leading financial audits and compliance assessments in alignment with national and international financial regulations.
f) Experience in handling procurement, asset management, and infrastructure development, ensuring transparency and value for money.
7.4 Human Resource and Performance Management
a) Track record of leading workforce planning, recruitment, and talent development strategies, ensuring a high-performance institutional culture.
b) Experience in implementing performance-based appraisal systems, leading to improved staff efficiency and accountability.
c) Proven ability to foster industrial harmony, resolving labour disputes and improving employer-employee relations.
7.5 Infrastructure Development and Resource Optimization
a) Experience in overseeing capital development projects, ensuring timely delivery and cost efficiency.
b) Track record of overseeing the maintenance and expansion of university facilities, enhancing institutional infrastructure.
c) Proven ability to negotiate and manage contracts for outsourced services, ensuring cost-effectiveness and quality standards.
7.6 Digital Transformation and ICT Integration
a) Experience in integrating ICT solutions in financial and administrative operations, improving service delivery and efficiency.
b) Evidence steering the automation of financial, procurement, and HR systems, reducing paperwork and improving real-time decision making.
c) Proven ability to implement cybersecurity measures that safeguard institutional financial and administrative data.
7.7 Stakeholder Engagement & Collaboration
a) Demonstrated experience in building partnerships with government agencies, donors, private sector investors, and international organizations to enhance institutional funding.
b) Proven ability to engage faculty, students, and staff in financial decision-making, ensuring transparency and inclusivity.
c) Experience in negotiating contracts, partnerships, and collaborations that have led to financial and administrative growth.
7.8 Personal Attributes
a) High level of integrity, transparency, and ethical leadership, with a record of financial prudence.
b) Strong analytical, problem-solving, and decision-making skills, backed by evidence of successfully managing complex financial and administrative challenges.
c) Excellent communication, negotiation, and interpersonal skills, ensuring effective stakeholder engagement.
d) A visionary leader with the ability to drive financial sustainability administrative efficiency, and institutional growth.
8. REMUNERATION
An attractive remuneration package that is in accordance with Makerere
University terms and conditions of service.
9. TENURE
The Second Deputy Vice Chancellor shall hold office for a period of five years and shall be eligible for re-appointment for one more term.
10. METHOD OF APPLICATION
Interested applicants are invited to submit their application letters. The following documents shall comprise a complete application:
a) A signed letter of application;
b) A vision statement;
c) Curriculum Vitae with contact details signed and dated by the applicant;
d) Copies of required minimum number of publications;
e) Certified copies of academic transcripts and certificates;
f) Three (3) letters of recommendation;
g) Copies of letters of appointment to leadership positions at the level of Dean of a School in a national accredited university or other academic institution;
h) A copy of the applicant’s National Identity Card or passport;
i) A copy of the last clearance from the Inspector General of Government or other equivalent national body;
j) Referees should be advised to send confidential reference letters, addressed to the Chairperson Search Committee for the Position of Second Deputy Vice Chancellor and delivered directly to the address below by 5:00 pm on Monday 24th March, 2025;
k) The references should cover the following areas: the applicant’s academic credential, experience, leadership, managerial and administrative skills and personal integrity.
Both Hardcopy and Electronic (Email) applications shall be accepted.
(a) Hardcopy applications: Both confidential letters and sealed applications marked
“CONFIDENTIAL: POSITION OF SECOND DEPUTY VICE CHANCELLOR”
should be addressed to:
SECRETARY SEARCH COMMITTEE
THE ACADEMIC REGISTRAR
MAKERERE UNIVERSITY
6TH Floor, ROOM 602, SENATE BUILDING
P. O. BOX 7062, KAMPALA, UGANDA
(b) Electronic media (e-mail) applications should have all the above documents scanned and emailed to search.dvcfa[at]mak.ac.ug by 5.00 pm East African Standard Time on Monday 24th March, 2025.
Please note that:
(a) Incomplete applications or applications received after the closing date and time
will not be considered.
(b) Only shortlisted applicants shall be contacted.
For more Information and inquiries:
Email us on search.dvcfa@mak.ac.ug OR Call Telephone number: +256-414-532634 during working hours (between 8:00 am to 5:00 pm Monday to Friday).
MAKERERE UNIVERSITY IS AN EQUAL OPPORTUNITY EMPLOYER
Prof. Buyinza Mukadasi (PhD)
ACADEMIC REGISTRAR
General
Mak Co-operative Society financial performance excites Members: More strategies proposed for continuous growth
Published
4 days agoon
February 28, 2025
On 26th February 2025, members of Makerere University Multi-Purpose Co-operative Society (MUMCS) convened for the Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans.
MUMCS has realised significant growth and financial stability, with a strong commitment to its members. The pay incentive bonus, remains at 14.5% of surplus returns until a future review. As the Society continues to grow and expand its services, it is expected to play an increasingly important role in promoting financial inclusion and economic development in Uganda.

MUMCS has 136 active members who are members of staff at Makerere University. MUMCS has a Board of Directors and Secretariat that works with the Investments Committee, Loans Committee, Finance Committee, Welfare Committee, and the Supervisory Committee.
The Chairperson of MUMCS, Prof. Barnabas Nawangwe welcomed the Members (physically present at Makerere University Main Hall and those who were following virtually via zoom) to the AGM. He encouraged the Members to continue saving and investing in the cooperative society.

To kick start the AGM, the Chairperson made reference to the Agenda, which had been shared ahead of time to the respective Members. The Agenda focused on critical issues such as achievements, dividend allocation, recruitment plans, loan repayment strategies, potential investment opportunities, among other items. Following the adoption of the agenda during the AGM, the Chairperson invited the Secretary- Prof. Tumps Winston Ireeta, and the Treasurer- Prof. Juma Kasozi to present to the AGM key highlights.
Prof. Kasozi confirmed that the performance of the society was satisfactory. The Treasurer’s report, highlighted the society’s significant progress in 2024. The society disbursed loans amounting to UGX 1 billion, while savings accrued amounted to UGX 1.8 billion, and share value stood at UGX 386 million. The society’s total assets available for investment are worth UGX 2.25 billion, with a return on investment of 12.95%. The AGM was informed that the Cooperative’s balance sheet exceeded UGX 2billion, a testament to its robust financial position.

Summary of the Key statistics:
- Total loans disbursed: UGX 1 billion
- Savings: UGX 1.8 billion
- Share value: UGX 386 million
- Total assets available for investment: UGX 2.25 billion
- Return on investment: 12.95%
- Unit trusts: UGX 801,127,970 (ICEA LION) and UGX 608,138,265 (UAP OLD MUTUAL)
- Surplus: UGX 166 million
- Dividends: The payment of dividends not exceeding 10% of the surplus.
The Auditor’s report was presented, confirming that the society’s financial statements provide a true and fair view of its financial position as of December 31, 2024. The Auditor commended the society’s management for their excellent work in managing the society’s finances.
“I commend the Board and Secretariat for having a well-managed and governed society. Your scheme is one of the best. We are glad that Makerere University Multi-Purpose Co-operative Society, the balance sheet is above UGX 2 billion,” CPA David Ssenoga said.

During the AGM, members proposed the following strategies to spur the continuous growth of MUMCS: Undertaking sensitization, publicity and mobilization drives/campaigns, development of publicity materials such as brochures, encouraging members to take loans, presenting proposals to reward bonus incentives to the highest savers and members with a significant number of shares, as well as providing financial incentives to members who take loans and repay them faithfully. In addition, the strategies stated in the MUMCS Strategic Plan will be implemented to ensure financial diversity and sustainability.
The Chairperson of the Supervisory Committee, Prof. Fredrick Jones Muyodi presented the committee’s report, highlighting the society’s compliance with the Co-operative Societies Act and the by-laws. Other Members of the Supervisory Committee include: Dr. Hamidah Nakato and Dr. Fred Edgar Nabutanyi. The Supervisory Committee reported that during its meetings, it reviewed various activities undertaken by the Board of Directors. They noted that since the AGM meeting held in February 2024, several achievements had been realized. These included the approval of new bylaws, a revised credit policy, and the establishment of the MUMCS office. The Supervisory Committee reported that 12 members joined MUMCS in 2024. The Committee appreciated Mr. Raymond Nsereko for developing the MUMCS logo and acknowledged Ms Ritah Namisango for coordinating the branding of the MUMCS office.

In their report, the Supervisory Committee presented the proposed candidates for consideration as Members of the Vetting Committee namely: Prof. Helen Nambalirwa Nkabala, Prof. Lawrence Mugisha and Dr. Alex Okello.
It was gratifying to note that the AGM unanimously agreed to have the Vetting Committee constituted as per the proposed names.
The Vetting Committee is expected to develop the Fit and Proper test for all applicants vying for the positions on the Board of Directors and the Supervisory Board, advertise the positions and administer the Fit and Proper test (written through Nomination Form and Oral), and present the successful applicants to MUMCS members for elections.

On behalf of the Welfare Committee, Ms Ritah Namisango applauded the Board and Secretariat for implementing the Welfare Policy. The Members of the Welfare Committee include: Michael Kasusse, Ritah Namisango and Oscar Mugula. She noted that with the implementation of the Welfare Policy, Members are in position to receive support towards Weddings, Medical obligations, and bereavement as per the terms and conditions specified in the policy. Noting that the society exists to advance the welfare of its members, she thanked the AGM for approving the proposed UGX 10million for such purposes.
The Board informed the AGM that in compliance with the rules and regulations that govern the sector, various policies including human resources, anti-money laundering, and procurement are being developed for MUMCS.
In his concluding remarks, the Chairperson of MUMCS, Prof. Nawangwe acknowledged the cooperative’s impressive financial returns, noting that it outperformed other savings schemes in terms of interest. He also urged members to avoid unnecessary withdrawals, emphasizing the long-term benefits of keeping their savings within the cooperative society. He commended the team responsible for the cooperative’s success, including the Secretariat and Fund managers.
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