Month: February 2019

How coffee gave birth to the Banyankole Kweterana cooperative society

Coffee came to Mbarara in the 1930s, with the hilly ranges providing pasture and fertile soils to support herding and cultivation. Earlier attempts by the colonial government to introduce a cash crop…

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Cooperative Bank Register profits after five years of turmoil

London: The Co-operative Bank reported its first annual operating profit for five years in 2018, marking what chief executive Andrew Bester described as a “key milestone” in its recovery efforts after it came…

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Bududa elderly venture into coffee production

The Bududa district older persons Sacco is venturing in coffee production to rip from increased coffee price, set as a result of rivalry between Bugisu Cooperative Union (BCU) and a German company.…

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COSASE Report: ISO starts probing bribery allegations against Katuntu committee

Kampala, Uganda: A new twist of events has emerged out of the just-released COSASE probe on the defunct seven banks that were ‘irregularly’ closed by Bank of Uganda. Now the hunter has…

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Challenging future for cooperatives

From Mbale to Mbarara, and Masaka to Arua, an agreement holds that cooperative unions drove the growth and transformation of then Uganda, in the 60’s. Now with several cooperatives making a return…

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Co-op to introduce ‘scan and go’ app, customers can skip checkout

BRITAIN: Co-op is trialing a new “scan and go” app that allows shoppers to scan groceries on their phones and leave the store without visiting a checkout. The co-op has partnered with Mastercard which will…

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Cooperative Federalism is in Danger: Yashwant Sinha

BHUBANESWAR, India: India’s former Union Finance minister Yashwant Sinha has said Cooperative federalism was in danger in the country. The state should get a fair deal and the people sitting in Delhi…

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Bishop who embezzled USD9m belonging to Kenyan SACCO to Lose Property

NAIROBI, Kenya: Authorities on Thursday ordered Kiambu politician and county official David Kariuki Ngare’s assets seized to recover Sh1 billion he allegedly illegally withdrew from Ekeza Sacco to fund his lifestyle. An…

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Kenyan SACCO protest Increased Tax on Member Dividends

Embu, Kenya: Members of the cooperative movement in Embu County, in Kenya, have raised concern that increasing tax on member dividends could hurt Saccos and the saving culture in the country. The…

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President Museveni caution farmers harvesting and trading immature coffee

President Yoweri Museveni has cautioned farmers and traders against harvesting and trading in immature coffee. He said this led to compromising the quality of the coffee production which inevitably affects the commodity’s…

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