Finance & Banking
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Women Groups Applications For Cash Drop In Lira
LIRA – Applications for cash grants by women groups to Uganda Women Entrepreneurship Program (UWEP) are on the decline in the northern district of Lira, we are told. UWEP was launched in…
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Gulu Boda-boda Riders Curse Politicians
GULU – About 22,000 Gulu boda-boda riders allied to Gulu City Boda- Boda Association are directing their anger at politicians, who they say used them, months to the January 14 general election…
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Gulu Sells District Land To Pay Sacked Employees
GULU – Saddled with a soaring debt load, Gulu District Local Government has sold at least 30 plots of district land to pay off about Shs 6 billion in compensation to local…
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Struggling SACCO Appeals For Bailout
HOIMA – A struggling Teachers’ Saving and Credit Co-operative Society (SACCO) in Hoima Oil City is appealing for a government financial bailout – with good reason. The 175 member Hoima Municipality Teachers…
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Fuel Theft Derails Oil Roads Construction
KIKUUBE – A steep rise in the theft of cement and hundreds of litres of fuel from Chinese road contractor; China Railway Seventh Group (CRSG) threatens to derail completion of the on-going…
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Masindi Demands New Modern Market
MASINDI – A heave of frustration and anger is boiling over in Masindi Municipality as vendors lash out at the delayed construction of a new modern market under the Markets and Agriculture…
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Don’t Expand Too Fast, SACCOs Warned
MBARARA – Rubindi Parish Priest Rev Fr. Felix Bikwasizehi, patron of Rubindi Farmers’ SACCO has warned cooperative societies not to expand their footprint too quickly. Forming new branches too quickly, he said,…
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Gulu District SACCOs Run On Shoe-string Budget
GULU – About 30 cooperatives in the northern district of Gulu will be kneecapped financially in the 2021/2022 financial year. They have been offered only Shs 7.9 million to run their activities…
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Kwania District Releases Emyooga Cash
KWANIA –After passing the multi-layered fit-and-proper test, at least four out of 36 Savings and Credit Cooperatives (SACCOs) in Kwania district have finally received Shs 30 million each under the Presidential Initiative…
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Microfinance Institutions In Trouble In Kwania
KWANIA –In Kwania and Apac Northern districts Savings and Credit Co-operative Societies (SACCOs) have become the preferred go-to lenders threatening to lock out microfinance institutions. The SACCOs are drawing in huge numbers…
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