Month: May 2019

Cooperatives to hit 20,000 by December – Kitandwe.

KAMPALA, Uganda: Uganda will have 20,000 registered cooperatives by the end of the year, the Cooperator has established. According to figures from the Ministry of Trade, Industry, and Cooperatives, as of May…

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Co-op Holdings Cooperative Society receives Ksh 3.78b dividend from Co-op Bank

Co-operative Bank’s shareholders will recoup their investment in full this year from dividend payouts with Co-op Holdings Co-operative Society getting the largest payout of Ksh 3.78 billion. This year’s dividend payment is…

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Government registers 600+ cooperatives

Gutu,Zimbabwe: The Ministry of Women Affairs, Gender and Community Development has to date registered 600 cooperatives in its database with a membership of over three million people under the sector countrywide. Women…

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Police SACCO fails to account for Shs.5billion, faces forensic audit.

Kampala, Uganda: Police’s main savings’ scheme – Exodus Savings and Credit Cooperative society is undergoing a forensic audit, after allegations of improper accountability from the SACCO’s members, theCooperator has learnt.     The…

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Saccos urged to buy government bonds, invest at the NSE

Co-operative organisation has called Saccos to trade at the Nairobi Stock Exchange and buy government securities to raise adequate funds and register a growth to their members. According to Co-operative Alliance of…

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Forum urges SACCOS to adopt new technologies

Cooperative movements have been urged to adopt more technological solutions to match changing customer needs and confront emerging challenges such as cyber security. At an annual workshop convened by Cooperative Bank, through…

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Why you should not bank on pension for good life in old age

Kenya:  Kenyans are saving much less with pension schemes than experts recommend as daily basic needs and other saving and investment opportunities take priority, reveals a NationNewsplex review of pension data. Consequently, pensioners…

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Uganda, UK partner to improve post-harvest handling for Ugandan farmers

Entebbe, Uganda: Farmers united under cooperative societies are set to benefit from a new partnership between the Government of Uganda and the United Kingdom, that will see them benefit from advanced post-harvest…

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MPs back revival of Cooperatives, reject term-limits on Leadership

KAMPALA, UGANDA: A sparsely attended parliament this afternoon agreed to pass the Cooperative Societies Amendment Bill (2016) for second reading, welcoming the move by government to revive cooperative societies and calling for…

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EDUCATION KEY IN BOOSTING COOPERATIVES’ GROWTH

United Kingdom: Cooperatives can easily address market failure if they get linked to other social movements and organisation, coop experts have advised. Speaking at a recent seminar at the Open University (OU)…

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