Cooperatives & Communities
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2023/2024 budget: Govt earmarks over Shs 1trn for SACCOs
KAMPALA– Government has earmarked Shs 1.177 trillion for various SACCOs in the upcoming 2023/2024 financial year, according to State Minister for Microfinance, Haruna Kasolo. Parliament yesterday approved the Shs 52trn budget for…
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Promoter meets Lango cultural leaders over establishment of coop bank
LIRA – A concerned Ugandan Lt. Moses Mugisha Magufuri has held discussions with the leaders of Lango Cultural Foundation in Lira City East Division over the establishment of Agriculture and Cooperative Bank.…
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Govt will revive Cooperative Bank, says minister Bahati
KAMPALA– Government is in the initial stages of reviving the Cooperative Bank, according to State Minister for Trade, Industry and Cooperatives, David Bahati. Bahati made the revelation in Kampala on Tuesday during…
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Hot debate in parliament over money lender’s death
KAMPALA – The murder of Uttam Bhandari, a city money lender by a police officer, Ivan Wabwire, has stoked debate in parliament on mental health, minimum wage and exorbitant interest rates in…
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Lira rice farmers push planting to June as floods submerge fields
LIRA – A number of farmers under Itek Okile Rice Growers’ Multipurpose Cooperative Society [IORGMCS] in Itek Subcounty, Lira district say they will now plant in June after recent floods submerged rice…
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UMRA cautions money lenders after murder of Asian businessman
KAMPALA – Tier 4 Microfinance institutions and money lenders in Uganda have been advised to be cautious when dealing with borrowers after a police officer shot dead an Asian businessman in Kampala…
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Kabarole: Lack of information impedes implementation of PDM
KABAROLE – The Kabarole district LCV chairperson, Richard Rwabuhinga has expressed concern over the information gap in the implementation of the Parish Development Model [PDM], saying it could derail the progress of…
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Don’t spend PDM money on parties, Namisindwa residents warned
NAMISINDWA – Authorities in Namisindwa district have cautioned the beneficiaries of the Parish Development Model (PDM) funds in the district against spending the received money on parties and other unproductive activities. The…
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MP Olobo wants PDM forms translated into local languages
AMOLATAR – Kioga North County Member of Parliament, James Olobo Dubai has urged the government to translate the Parish Development Model [PDM] forms into local languages, saying most of the beneficiaries don’t…
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PDM SACCOs in Greater Masaka receive over Shs 22bln
MASAKA-A total of 367 Parish Development Model SACCOs [PDM SACCOs] in the Greater Masaka region have received over Shs 22 billion, officials say. Greater Masaka comprises districts of Kalangala, Lyantonde, Kalungu, Lwengo,…
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