Financial
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Museveni honours Shs 100m pledge to Gulu University SACCO
President Yoweri Museveni has given Shs 100m to Gulu University, in fulfilment of a pledge he made to the institution’s staff SACCO. While officiating at the University’s 15th graduation ceremony in January…
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Mushanga SACCO celebrates 50 years of growth
Mushanga Co-operative Savings and Credit Society Limited celebrated its Golden jubilee anniversary in a ‘scientific’ 2019 Annual General Meeting (AGM) held over the weekend. According to its General Manager, Gorden Nankunda, the…
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Government injects USD 150m into Agriculture Cluster Development Project
With funding obtained from the World Bank, Government of Uganda is poised to extend a grant worth USD 150m for the Agriculture Cluster Development Project (ACDP) towards providing farmer organizations with Post…
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Lyamujungu Cooperative reinvests all dividends to settle outstanding loan
Members of Kabale-based Lyamujungu Co-operative Financial Services Ltd have resolved to reinvest all their dividends in order to absorb the effects of the COVID-19 pandemic that has affected many financial institutions in…
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Minister orders arrest of Ruharo SACCO officials over embezzlement
The State minister for Micro Finance Haruna Kasolo Kyeyune has ordered the arrest of Ruharo Heifer Project SACCO officials for alleged embezzlement of SACCO funds worth 140m shillings. Hon. Kasolo made the…
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Co-op Bank Records Ksh15.45 Billion Profit
The Co-operative Bank Group on Friday, November 15, reported a pre-tax profit of Ksh15.45 billion for the third quarter of 2019. This was a significant improvement compared to Ksh14.64 billion recorded in the…
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Police investigate the embezzlement of UGX 69M at Nyalit Coop
A police investigation is underway after some members of the Bukwo-based Nyalit Cooperative Society raised a red flag over alleged embezzlement of the cooperative’s funds. The said money, UGX 69 million, is…
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Mwalimu SACCO members query pay deductions
Mwalimu National Sacco members in Western Kenya have threatened to stop their monthly contributions to the Sacco. The members claim that the Sacco has been making unauthorised deductions from their salaries.On Monday,…
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Community Health Workers raise Rwf14 billion in assets
Community Health Workers (CHW), through their cooperatives, have accumulated Rwf11.2 billion in immovable assets, and Rwf3.5 billion in cash deposited in banks, figures from the Ministry of Health show. Their assets are…
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Government registers over 240 fishing cooperatives
From George Maponga in Masvingo: Government has registered over 240 fishing cooperatives here as it seeks to leverage on the province’s high dam density to improve household disposable incomes and grow the…
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