East Africa
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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]…
Read More » -
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…
Read More » -
Verification Mission to assess Somalia’s readiness to join EAC launched
KAMPALA-The East African Community [EAC] today officially launched the Verification Mission to assess the Federal Republic of Somalia’s readiness to join the Community. The verification team comprising experts from the EAC Partner…
Read More » -
SACCO members, officials face off over savings
NAIROBI-It took the intervention of the police to calm the ugly situation as Members of B -Smart Sacco Limited in Nairobi City stormed the offices of the Sacco days ago, demanding that…
Read More » -
NewFortis SACCO members receive dividends
NAIROBI – According to Co-op News, NewFortis SACCO members are to get increased annual earnings for the fiscal year 2022, receiving a total payout of Ksh 795 million as dividends on share…
Read More »