Cooperatives & Communities
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AfDB, EBID sign loan agreement for US$ 50mln and € 50mln to enhance regional food security
ABIDJAN, October 6, 2023 – The African Development Bank [AfDB] and the ECOWAS Bank for Investment and Development [ EBID ] have signed an agreement for a dual currency line of credit…
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China donates farm machinery worth over Shs 7bln to Butaleja district
BUTALEJA, October 6, 2023 – Butaleja district in Eastern Uganda has received tractors worth over Shs 7 billion from the government of China to boost agricultural mechanisation. The equipment includes 11 tractors,…
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Masindi teachers told to form SACCOs at school level
MASINDI, October 6, 2023 – Sam Peter Ayebale, the Principal Education Officer of Masindi Municipality has challenged teachers in the whole of Masindi district to form Savings and Credit Cooperatives [SACCOs] at the…
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Gov’t to give Shs 9bln to Walimu SACCOs Union
KAMPALA, October 6, 2023 – President Yoweri Museveni yesterday announced government would provide a balance of Shs 9 billion to teachers’ SACCOs subscribing to Walimu SACCOs Union. Museveni made the announcement in…
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Global minimum tax to hit French farm cooperatives
PARIS, October 5, 2023 – The global minimum corporate tax will hit big farm cooperatives in France. Presenting the 2024 budget bill recently, Finance Minister Bruno Le Maire revealed that the cooperatives…
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Kwania parish chiefs on the spot over negligence and sabotage of PDM
KWANIA, October 4, 2023 – Parish chiefs in Kwania district have come under the spotlight over alleged negligence and sabotage of the Parish Development Model [PDM]. The PDM, launched by President Yoweri…
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US to sink US$ 19.7mln in Kenya’s cooperative sector
NAIROBI, October 4, 2023 – The United States days ago outlined five new investments totaling US$19.7 million to support Kenya’s cooperative sector. Funding for the investments will be provided by the United…
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Kabarole district leaders cite corruption in disbursement of PDM funds
KABAROLE, October 3, 2023 – Leaders in Kabarole district in western Uganda have accused LCII chairpersons, SACCO chairpersons, and parish chiefs of corruption, saying they demand kickbacks from the beneficiaries of the…
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G20 recognises role of cooperatives in accelerating sustainable development
LONDON, October 3, 2023 – Held on September 9-10, the G20 Summit in India marked the culmination of a year’s work by the ministers and other senior government officials, private sector and…
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Kwania: PDM SACCO chairperson, three others held over misuse of cash
KWANIA, October 3, 2023 – Police at Kwania Central Police Station days ago detained four leaders and members of Aornga PDM SACCO in Nambieso Sub-county over the allegation of mismanagement of the…
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