Speaker Oboth directs Finance ministry to amend SACCO law after meeting on BoU licensing standoff

According to the Daily Monitor, Speaker Jacob Marksons Oboth met Bank of Uganda, Finance ministry and cooperative leaders at Parliament following a UCSCU petition against BoU's licensing deadline for large SACCOs, and tasked the Finance ministry to initiate amendments to the law governing SACCOs. The meeting resolved that large SACCOs should pick licensing application forms within seven days, with those making genuine efforts considered under a phased arrangement to 31 March 2027 and 30 June 2027 proposed as an outer limit, subject to BoU's position.