East Africa
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Kenya suspends loans for ailing Metropolitan National SACCO
NAIROBI-The Kenyan government and the interim board of the ailing teachers-owned Metropolitan National SACCO Limited, have suspended long-term loans to members, reached out to creditors for loan moratoria and embarked on closure…
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EAC and ESAMI to partner on capacity building on regional trade issues
ARUSHA – The EAC Secretary General, Dr. Peter Mathuki, and the Managing Director of the Eastern and Southern African Management Institute [ESAMI], Dr. Martin Lwanga, have signed a Memorandum of Understanding [MoU]…
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Farmers’ stores in Kenya receive subsidised fertiliser
NAKURU-The County Government of Nakuru has begun the operationalisation of stores for the distribution of subsidised fertiliser to the delight of farmers, according to Kenya News Agency. The operationalisation will see farmers…
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Co-operative Bank raises Ksh 12.6bn for lending
NAIROBI-The Co-operative Bank of Kenya has raised a total Ksh 12.6 billion [US$ 100 million] in long-term debt from global institutional investors led by the German fund DEG, according to the local…
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KUSSCO wants money owed by defunct councils remitted
NAIROBI –Kenya Union of Savings and Credit Cooperatives Limited [ KUSSCO ] wants the defunct municipal councils which were succeeded by the county governments and state-owned entities to pay back the defaulted…
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Probe as cooperatives’ maize shelters collapse in Rwanda
KIGALI – The Ministry of Agriculture and Animal Resources [MINAGRI] in Rwanda is working with other government agencies to examine the recent collapse of maize drying shelters belonging to two cooperatives. According…
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Kenyan dairy farmers cull proposal to privatise New KCC
NAIROBI-Farmers in Kenya have opposed the move by government to privatise milk processor New Kenya Co-operative Creameries [ New KCC ], arguing that the plans will be a burden to them, reports…
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Mwalimu SACCO loses Ksh 44.9mln case
NAIROBI-Mwalimu National SACCO days ago lost an appeal seeking quashing of Ksh 44.9 million tax demand by government, says SACCO Review High Court Justice, David Majanja dismissed the petition holding that an…
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SACCO awarded for excellence in governance
NAIROBI-Kenya Highlands Deposit Taking SACCO [Kenya Highlands DT SACCO ]was days ago voted the most improved organisation as it bagged an award during the 2022 edition of the Champions of Governance [COG]…
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South Sudanese fish SACCO decries ‘exorbitant’ URA taxes
ARUA – Members of South Sudanese Fish Suppliers SACCO are protesting against ‘exorbitant’ taxes levied by Uganda Revenue Authority [ URA ], saying the taxes are forcing them out of business. The…
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