Finance & Banking
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Hoima Sacco, Government clash over Shs 50m loan
HOIMA – In a speech at the annual general meeting of the Hoima District Referees Saving and Credit Co-Operative Society (Sacco), Board Chairman Patrick Kunihira, publicly voiced his concern about a deliberate…
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Long-dormant sacco in Masindi bounces back
A long-dormant savings and cooperative credit society has been revived. The Masindi Savings and Cooperative Credit Society Limited has been revived by members after a two-year lull. The SACCO membership comprises mainly…
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Masindi Teachers’ SACCO grapples with 40% account dormancy
Masindi Teachers’ SACCO is facing a challenge of 237 dormant accounts (close to 40% of the total), a situation the SACCO’s Chairperson says affects them significantly. Isaac Mugaanzi, the Board Chairperson for…
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Kwania district to train Emyooga beneficiaries
District officials in Kwania district have pledged to offer some training in financial management to beneficiaries of the recently released Presidential Initiative on Job and Wealth Creation (Emyooga) funds. After a long…
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Nebbi journalists’ association gets Shs 30m Emyooga funds
The fraternity of journalists in the greater Nebbi districts, under their umbrella, Nebbi-Zombo Media Association (NEZOMA) SACCO, has received Shs 30m in seed capital under Emyooga. Emyooga is a government initiative aimed…
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SACCOs urged to embrace tech, digital lending
Savings and Credit Cooperative Societies (SACCOs) have been urged to embrace the latest technological innovations in order to catch up with market trends and safeguard their market share. Speaking during a one-week…
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Nine SACCOs cleared to receive Emyooga funds in Masindi
Nine out of 54 SACCOs in Masindi district have been cleared to receive the long-awaited Emyooga cash, Moses Kalyegira, Masindi district’s Commercial Officer has revealed. Kalyegira says the nine, which hail from…
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Masindi Crime Preventers form SACCO
Crime preventers in Masindi district have formed a SACCO as one way of improving their economic status. According to Musa Kabalega, the Chairperson Tukurakuranize Saving and Credit Society Limited, they formed the…
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One year later, Cooperatives struggling to emerge from COVID-induced slump
Almost a year after Uganda first imposed several restrictions aimed at combating the spread of COVID-19, many cooperatives are still struggling to get back to their feet despite being open for business…
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Soroti city receives Emyooga funds
Savings and Credit Cooperatives-SACCOs in Soroti district have each received Shs 30m under the Presidential Initiative on Job and Wealth Creation, commonly known as Emyooga. The District Commercial Officer Soroti, George Tukei,…
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