Financial
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Ruto confirms support for SACCO movement in meeting with credit union leaders
NAIROBI, October 24, 2024 —Kenyan President, William Ruto recently confirmed cooperatives are central to his government’s priorities and that he wants to see the Savings and Credit Cooperative [SACCO] movement in Kenya…
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Global Credit Union membership surpasses 411mln
MADISON, Wis., October 24, 2024 — World Council of Credit Unions’ [WOCCU] 2023 Statistical Report shows membership in the global credit union movement topped 411 million, while assets surpassed US$ 3.7 trillion last…
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PDM: Diocese of West Lango clergy decry exclusion
KWANIA, October 24, 2024 — Religious leaders in the Diocese of West Lango have urged the government to implement a special empowerment programme for them, asserting that they have been excluded from…
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MPs question excess budget releases for districts
KAMPALA, October 24, 2024 — Parliament’s Committee on Public Accounts [Local Government ] has questioned the motive behind excess release of budgets to districts saying that this has contributed to low absorption…
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UMRA and Post Bank sign MoU to digitalise SACCO operations
KAMPALA, October 23, 2024 – The Uganda Microfinance Regulatory Authority [UMRA] and Post Bank Uganda have signed a memorandum of understanding (MoU) aimed at digitalising the operations of all Savings and Credit…
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Afreximbank to double Creative Africa Nexus funding to US$ 2bln to boost Africa’s creative economy
ALGIERS, October 21, 2024 — President and Chairman of the Board of Directors of Afreximbank, Pro. Benedict Oramah, has announced that Afreximbank will increase its funding to the Creative Africa Nexus [CANEX]…
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Amongi empowers members of mining cooperative in Lira City
LIRA CITY, October 19, 2024 – Members of the Artisanal Miner Cooperative Society Limited, engaged in stone quarrying in Lira City East Division, received tools to enhance their business operations. Gender Minister…
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New Cooperative Bill to reform and boost sector growth
NAIROBI, October 19, 2024 — The Cooperative Bill 2024, which the Kenyan Parliament is presently scrutinising, aims to tackle the persistent governance and management issues afflicting the cooperative sector, according to Wycliffe…
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COSASE report reveals abuse of payrolls in gov’t agencies
KAMPALA, October 18, 2024 — Parliament’s Public Accounts Committee on Commissions, Statutory Authorities, and State Enterprises [PAC-COSASE] has raised concerns over the mismanagement of salary payrolls across various government ministries and departments.…
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Save to invest in future: Christian women in Bunyoro Kitara Diocese urged to embrace saving culture
HOIMA, October 18, 2024 — Christian women in the Bunyoro Kitara Diocese have been encouraged to adopt a culture of saving as a means to invest in the future and contribute to…
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