Finance & Banking
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Members flee Kigarama People’s SACCO over leadership squabbles
SHEEMA – A section of former members of Kigarama People’s SACCO have officially left their once historical financial institution over leadership wrangles. Located in Kanyeganyege Town Council, Sheema North Constituency, Kigarama People’s…
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DFCU’s pre-tax profits fall by 67.8% in 2021
KAMPALA – Business for DFCU was mild last year as the institution’s gross profits curve fell by a hefty 67.8%, blamed on rolling lockdowns brought on by the global pandemic. In a…
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Bank for dairy farmers, health insurance for cooperatives to be launched in India
INDIA– Union Cooperation and Home Minister Amit Shah will inaugurate the mega cooperative event tomorrow April 1, 2022 at Palace Grounds, Bangalore in India. During the conclave, he will launch the logo…
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Standard Chartered Bank renovates classroom block, plants over 300 trees at Salaama School For the Blind
MUKONO – Over 40 staff of Standard Chartered Bank days ago volunteered in a community initiative at Salaama School For the Blind in Kisoga – Mukono where they renovated a classroom block…
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Stanbic bank profit up by 12%
KAMPALA – Uganda’s biggest bank by assets Stanbic saw its profit before tax rise up by 12% to Shs 359.6 billion in 2021 from Shs 320.7 billion previously. The lender said in…
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Masindi Teachers’ SACCO share capital increases to Shs56m
MASINDI – The share capital for Masindi teachers’ SACCO has increased to Shs 56 million in 2021 from Shs 47 million raised in the year 2020. This was revealed by Joseph Rukundo,…
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Government will embrace technology to track corruption tendencies by 2023
MBARARA – The Permanent Secretary, Ministry of Finance, Planning and Economic Development, Dr Ramathan Ggoobi has said government agencies and ministries will embrace technology to track corruption tendencies. Dr Ggoobi made these…
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Kikuube district receives Shs1 billion supplementary budget support
KIKUUBE – Kikuube district local government leaders are excited over its supplementary budget support worth Shs1 billion that the government disbursed to the district accounts. Kikuube district council in last week’s council…
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Deposit protection fund donates items worth Shs 20 million to St. Jude Orphanage
GULU – The Deposit Protection Fund of Uganda (DPFU), a government agency that works in partnership with the various commercial banks in the country has donated items worth Shs 20 million to…
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Parish Development Model: Minister Magyezi down plays need for legislation
The Minister of Local Government, Hon Raphael Magyezi has said, there is no need to put in place new legislation to facilitate the implementation of the Parish Development Model (PDM). Magyezi appeared…
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