Finance & Banking
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Kenya rolls out USD 500m post-COVID economic stimulus plan
Kenya’s President Uhuru Kenyatta on Saturday, May 23 announced an 8-point economic stimulus programme to boost the economy and mitigate…
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East Africa
Kenya’s KCB Group posts 8% jump in Q1 net profit
NAIROBI (Reuters) – Kenya’s biggest lender KCB Group saw an 8% jump in profit after tax in the first quarter…
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Cooperatives & Communities
COVID-19: Gulu savings groups suspend activities over pandemic
Several savings and loans associations in Gulu district have suspended their operations, amid the novel Coronavirus (COVID-19) pandemic. Members of…
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East Africa
Masaka entrepreneurs wary of new Govt funding scheme
Potential beneficiaries of a new government funding scheme for specialised enterprise groups have expressed scepticism towards the initiative barely after…
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Cooperatives & Communities
Wazalendo to conduct an impact audit on its Shs.890 billion loans
Kampala, Uganda: The Uganda Peoples Defense Forces Savings and credit scheme – Wazalendo has announced it is going to embark…
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Cooperatives & Communities
Co-op Bank Records Ksh15.45 Billion Profit
The Co-operative Bank Group on Friday, November 15, reported a pre-tax profit of Ksh15.45 billion for the third quarter of 2019.…
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Cooperatives & Communities
Police investigate the embezzlement of UGX 69M at Nyalit Coop
A police investigation is underway after some members of the Bukwo-based Nyalit Cooperative Society raised a red flag over alleged…
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Development
Community Health Workers raise Rwf14 billion in assets
Community Health Workers (CHW), through their cooperatives, have accumulated Rwf11.2 billion in immovable assets, and Rwf3.5 billion in cash deposited…
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