Teachers’ SACCO Receives Shs5bn Presidential Pledge


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medications geneva;”>Teachers had threatened action over Finance’s delay in releasing the funds.

Education Permanent Secretary, Dr. Rose Nassali Lukwago confirmed receipt of the funds.

She, however, said the Finance Minister and Solicitor General have advised that the Fund Manager should be procured according to the PPDA Act and regulations.

Dr Nassali further clarified that since the Presidential Pledge is for all teachers, solicitation of bids have been taken and the Ministry will by next month(April) conclude the bid evaluation for procurement of a Fund Manager.

“An MoU (between Ministry of Education and Sports and Fund Manager) is being drafted with guidance by the Solicitor General. The Fund Manager will issue guidelines on how the Teachers SACCO’s country wide will access its funds in a transparent manner in accordance with the financial guidelines from Ministry of Finance, Planning and Economic Development,” said Nassali on Friday.

She said “this decision follows the advice from the Solicitor General and Education Sector Stakeholders who agree that neither Ministry of Education and Sports nor UNATU has the capacity to manage a microfinance funds. I hope this clarification will assure all stakeholders that the Ministry is following transparent procedures in this process.”


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