East Africa
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Government releases UGX 1.3b for teachers SACCO
KAMPALA, Uganda: As the 2019/2020 budget gets read amidst the meagre income of the teachers, the government put a smile on the faces of the teachers with another release of Ugs1.3 billion…
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Kisumu boda-boda riders in standoff with county over Ksh20 daily levy
Kisumu boda-boda riders are at loggerhead with the county government over taxation. Governor Anyang’ Nyong’o’s administration wants them to pay Ksh20 daily. Finance executive Nerry Achar made the announcement last week. This…
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Rwanda’s “Blue” Village is cooperating to address poverty, with inspiring results.
KAYONZA, Rwanda: Striking sky blue houses hit your eyes as you descend in Nkondo 11, Nkondo cell, Rwinkwavu sector, a few kilometers from the Akagera National Park main entrance gate. The striking…
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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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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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Five top saccos boast Ksh149bn savings, assets
Nairobi, Kenya: Five savings and credit co-operative societies (saccos) are now among the country’s top lenders after accumulating savings and assets worth KES 149.9 billion as at the end of the last…
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Uganda and Kenyan authorities to cooperate in new defense, trade agreement
Ugandan and Kenyan traders will be the biggest beneficiaries after their two countries yesterday signed a raft of agreements meant to ease trade, cement political ties and improve their social/cultural connections. The…
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