Month: June 2023

MPs pass bill to kick start Islamic Banking in Uganda

KAMPALA – The enactment of the Income Tax Amendment Bill No.2 of 2023 has cleared all legal roadblocks to the commencement of Islamic banking products in Uganda. Parliament on Tuesday, 27 June…

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CoopsDay: Celebrating the power of the cooperative business model to generate sustainable development

BRUSSELS – The International Cooperative Alliance [ICA] in Friday’s press release has confirmed that the global cooperative movement will tomorrow commemorate the 101st International Day of Cooperatives under the slogan “cooperatives for…

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Huge debts force Banyankole Kweterana Coop to sell prime land

MBARARA – Members of the struggling Banyankole Kweterana Cooperative Union [BKCU] have unanimously supported the sale of 55 acres of land located in Kashari North, Mbarara district to enable their union settle…

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Recovery rate for Emyooga funds in Lango Sub-region at 30 percent

LIRA – The loan recovery rate for Emyooga funds in Lango Sub-region currently stands at 30 percent, according to officials responsible for the government programme in the area. Lango Sub-region received has…

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COPAC to hold VNR Lab on “Cooperatives for Accelerated Sustainable Development”

NEW YORK-The Committee for the Promotion and Advancement of Cooperatives [COPAC] says it will on July 11, 2023, hold a virtual Voluntary National Review Lab [ VNR Lab] in support of the…

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Don’t rush to become MDIs, big SACCO told

MBARARA – The chairman Besania SACCO in Mbarara Benson Nduhura has advised thriving SACCOs in western Uganda to transform into multipurpose cooperatives to boost members’ savings instead of hurrying to become microfinance…

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Emyooga: Apac struggling to recover Shs 50mln from politicians

APAC – Supervisors of Emyooga Programme in Apac Municipality and Apac district are struggling to recover Shs 50 million loaned to different Emyooga SACCOs owned by politicians in the two administrative units.…

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Kabarole district launches disbursement of PDM funds

KABAROLE – Kabarole district has launched the disbursement of Parish Development Model [PDM] funds to the 52 parishes in the district. The Kabarole district PDM focal person, Dr. Salvatore Abigaba said each…

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Empowering women: Minister Amongi urges media houses to popularise Shs 802.9bln project

KAMPALA – Gender minister, Betty Amongi has appealed to news editors from different media houses across the country to popularise Generating Growth Opportunities and Productivity for Women Enterprises [GROW] Project to enhance…

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BCU to repair dilapidated primary societies

MBALE – Bugisu Cooperative Union [BCU] has revealed plans to rehabilitate structures belonging to primary societies in Bugisu Sub-region famous for the production of Arabica coffee. This is according to John Musila,…

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