Development
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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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UNDP, KOICA launch construction of three markets in refugee hosting districts
ADJUMANI – The United Nations Development Programme [UNDP] in partnership with the Korean International Cooperation Agency-KOICA launched the construction of markets in each of the three refugee hosting districts in Northern Uganda. The…
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Lira based Indian investor losses sunflower worth Shs100m
LIRA – An Indian investor in Lira City has lost 54 tons of sunflower seeds worth Shs100m to suspected thieves. The grains according to sources, started disappearing in January but the proprietor…
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Population growth threatening sustainable land use in Teso sub-region
SOROTI – The current population growth is threatening sustainable land use in Teso sub-region. Figures from the National Population Council (NPC), a state agency that advises the government on population issues, show that…
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Putting Principle Six in action makes co-ops thrive
US -The sixth cooperative principle (Cooperation amongst cooperatives) provides cooperatives a crucial advantage, enabling them to work together on joint projects, lower costs and exchange knowledge. This is the case at the…
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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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Refugees, host communities scramble for access to agricultural land in Obongi district
OBONGI – Host communities and South Sudanese refugees in Palorinya sub-county in Obongi district are scrambling for access to fertile land for agricultural practices. Palorinya sub-county has a total of 47,297 South…
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Life after Prison: Authorities call for establishment of re-integration, counselling centers for former inmates
GULU – Margaret Orik Obonyo, the Aswa Region Prison Commander has called on the various stakeholders to establish a re-integration and counselling facility to help former inmates adapt to life after prison…
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