Month: March 2022

DFCU’s pre-tax profits fall by 67.8% in 2021

KAMPALA – Business for DFCU was mild last year as the institution’s gross profits curve fell by a hefty 67.8%, blamed on rolling lockdowns brought on by the global pandemic. In a…

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Bank for dairy farmers, health insurance for cooperatives to be launched in India

INDIA– Union Cooperation and Home Minister Amit Shah will inaugurate the mega cooperative event tomorrow April 1, 2022 at Palace Grounds, Bangalore in India. During the conclave, he will launch the logo…

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UNDP, KOICA launch construction of three markets in refugee hosting districts

ADJUMANI – The United Nations Development Programme [UNDP] in partnership with the Korean International Cooperation Agency-KOICA launched the construction of markets in each of the three refugee hosting districts in Northern Uganda. The…

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Lira based Indian investor losses sunflower worth Shs100m

LIRA – An Indian investor in Lira City has lost 54 tons of sunflower seeds worth Shs100m to suspected thieves. The grains according to sources, started disappearing in January but the proprietor…

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Population growth threatening sustainable land use in Teso sub-region

SOROTI – The current population growth is threatening sustainable land use in Teso sub-region. Figures from the National Population Council (NPC), a state agency that advises the government on population issues, show that…

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Putting Principle Six in action makes co-ops thrive

US -The sixth cooperative principle (Cooperation amongst cooperatives) provides cooperatives a crucial advantage, enabling them to work together on joint projects, lower costs and exchange knowledge. This is the case at the…

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UMEME sees slight jump in gross profit as it seeks extension of concession beyond 2025

KAMPALA – Uganda’s electricity distributor, UMEME earned some profit in 2021 even as the country was placed under covid-19 lockdown as a way to curtail the fast spread of the deadly virus…

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Standard Chartered Bank renovates classroom block, plants over 300 trees at Salaama School For the Blind

MUKONO – Over 40 staff of Standard Chartered Bank days ago volunteered in a community initiative at Salaama School For the Blind in Kisoga – Mukono where they renovated a classroom block…

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UNBS launches standard to facilitate commercialisation of edible insects

KAMPALA -Ugandans who enjoy eating edible insects like grasshoppers (Nsenene) now stand a better chance of enjoying better quality as a standard of safe production, handling and consumption has been released by…

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Stanbic bank profit up by 12%

KAMPALA – Uganda’s biggest bank by assets Stanbic saw its profit before tax rise up by 12% to Shs 359.6 billion in 2021 from Shs 320.7 billion previously. The lender said in…

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