Former Police Chief Kale Kayihura Pleads For Shs. 600M Loan From SACCO To Invest In A Yoghurt Production Business

Former Police chief Kale Kayihura surprised Wazalendo SACCO delegates by requesting a substantial Shs600 million loan. Gen Kayihura, a Wazalendo SACCO co-founder, explained his venture into the yogurt business but cited a lack of resources to expand.

“I am now among Uganda’s top yogurt producers,” Stated The Former IGP and Retired Army General.

“To grow my business, I request a loan of Shs600 million, which would greatly benefit me.”

Kayihura humorously mentioned his desire to transport yogurt from Kashagama in Lyantonde District to Jinja for soldiers to taste but lacked transportation.

“When retiring, the President advised us to engage in agriculture, but I was already invested in agricultural produce,” Kayihura added.

“Yogurt business may seem small, but it’s profitable.” He Added

While Kayihura didn’t disclose his yogurt brand, his investment proposal likely sparked ideas among Wazalendo members for post-retirement ventures.The former IGP also spoke for first time about the underperformance of the Police Exodus SACCO.

Kayihura said the Exodus SACCO woes are orchestrated by top leadership in the Police who were against its formation. He revealed that he was fought by some top police chiefs at its inception.

“I was fought when I introduced Exodus SACCO in Uganda Police Force, because some Police Chiefs didn’t want it to start and they made it difficult for Exodus SACCO to take off, thats why it is still limping,” Kayihura said.

Speaking at the 18th Annual General Meeting of Uganda People’s Defense Force Wazalendo SACCO, Kayihura commended UPDF leadership for their role in the SACCO’s success, contrasting it with the challenges he faced in implementing Exodus SACCO within the Police Force.

Following a report presented by the Chairperson of the Committee on Defence and Internal Affairs, Wilson Kajwengye, during a session on August, Parliament resolved on February 13 to commission a forensic audit of Exodus SACCO due to concerns of mismanagement.

Kajwengye informed Parliament about the SACCO’s financial mismanagement, highlighting discrepancies and deviations from sound accounting practices.

“The committee believes that inconsistencies in data compilation are the primary reasons behind the unreliable financial positions, significantly impacting members’ savings,” Kajwengye stated during the parliamentary session.