On December 19, 2024, a fire broke out in Kampala’s Mukwenza Zone, allegedly triggered by a protest organized by members of a Savings and Credit Cooperative Organization (Sacco) over missing funds. The protest turned violent, with angry members demanding accountability and transparency from the Sacco leadership regarding the missing money.
The fire, which caused significant damage to property in the area, is believed to have been set during the chaos that ensued as the protesters clashed with local authorities. Eyewitnesses reported seeing thick smoke rising from the area, with several shops and buildings engulfed in flames. Firefighters were quickly dispatched to control the blaze, but not before it had caused considerable damage to both residential and commercial properties.
The Sacco members had gathered in the Mukwenza Zone to express their frustrations over a reported financial shortfall within the cooperative. According to sources close to the situation, the Sacco’s members had been promised returns on their savings, but funds were mysteriously missing, leading to widespread allegations of mismanagement and fraud within the organization. The protest was reportedly an attempt to pressure Sacco officials into providing answers and ensuring the missing money was recovered.
Local authorities have launched an investigation into both the cause of the fire and the allegations of missing money. The police have confirmed that several individuals were arrested for their involvement in the protest, and charges are expected to be filed in the coming days.
The incident has raised concerns about the stability and governance of local cooperatives in Uganda, with many questioning the oversight mechanisms in place to prevent such incidents. The fire and protest have also put a spotlight on financial transparency and accountability within Saccos, particularly those dealing with large sums of money from vulnerable communities.
As the investigation continues, the authorities are urging the public to remain calm and allow due process to take place, while local leaders have called for greater cooperation between Saccos, their members, and law enforcement to prevent future conflicts.