BUNYARUGURU DEVELOPMENT SACCO CELEBRATES 25 YEARS, MAKES UGX1B PROFIT IN 2024

Board members of the Sacco
BY JIMMY MUWANIKA AND WILBER MUHWEZI KASIBANTE (MK)
IN RUBILIZI DISTRICT
www.mknewslink.com
Bunyarugu Development Sacco in Rubilizi district has celebrated 25 years of existence and boasting of making a net surplus profit of over UGX1Bn in last year, 2024.
During the celebrations to mark the silver jubilee which were held on Thursday, February 27, 2025 at St. Michael secondary school playground, Mr. Philly Matsiko, the chairman, board of directors revealed that this was a milestone worth celebrating.
In his speech, Mr. Matsiko expressed deepest appreciation for the hard work and dedication of the 30 founder members led by the late Mr. Jack Busingye who was the main brain behind the Sacco’s formation and the subsequent board of directors, staff and members that joined later.
“A heartfelt appreciation also goes out to our partners who have supported us over the past 25 years. In deed we treasure your contributions which have helped us strengthen our Sacco’s growth,” Mr. Matsiko said.
He also commended and very much appreciated the former and current board of directors for their hard work and dedication towards the continuous existence and steady growth of the financial institution.

MP Kadet Benjamin (in white), Hon. Nalongo and Hon. David Katureebe
The Sacco which started in 2000 with just a group of 30 people has grown from a single branch in Nyakasharu town council and boasts of three branches. Kyambura and Kitagwenda complete the list of branches.
According to Mr. Matsiko, the celebration was just a dream they always harboured. “Bunyaruguru dev’t Sacco remains steadfast in its commitmemnt in transforming members and empowering communities to be champions of economic transformation,” he added.
But according to the Sacco’s general manager, Ms. Gumidiriza Manuelina, for any successful journey, there must be analysis on strength, weakness, opportunities and threats, combined together in different proportions.
And because of that, she said a lot of effort has been exerted on the opportunities and strengths to mitigate weakness and threats to the business over the past years.
During the celebrations, members won themselves gifts which included a brand new motorcycle, a Fressian cow, bicycle, TV sets, mattresses and many more.

A member of the Sacco who won herself a motorcycle.