Assets
-
News
Uganda must act urgently to match Kenya on virtual assets, BoU boss warns
KAMPALA, February 19, 2026 — Michael Atingi-Ego has challenged Uganda to move “deliberately but urgently” to establish a comprehensive regulatory regime for virtual assets, warning that the country risks falling behind Kenya…
Read More » -
News
Co-operative Bank of Kenya posts 7.5 percent rise in pre-tax profit
NAIROBI, May 16, 2025 — The Co-operative Bank of Kenya demonstrated resilience and adaptability in 2024, posting a 7.5 percent increase in profit before tax to Kshs 34.8 billion, up from Kshs…
Read More » -
News
Djibouti Forum calls for optimism and greater collaboration amidst policy-induced global turbulence
DJIBOUTI CITY, April, 9 2025 – – Global turbulence, much of it self-inflicted, dominated discussions at the second edition of the Djibouti Forum. Nonetheless, business leaders appeared relatively optimistic, and this wakeup…
Read More » -
Cooperatives & Communities
Butuuro SACCO registers strong performance in 2024
BUSHENYI, April 1, 2025 – Butuuro Financial Services Limited [Butuuro SACCO], located in Nyakabirizi Town Council, Bushenyi District, experienced remarkable growth in 2024 despite internal challenges. This was announced during the SACCO’s…
Read More » -
News
Wazalendo SACCO’s total assets grow to over Shs 1 trillion
JINJA, March 18, 2025 — Uganda’s largest Savings and Credit Cooperative Organisation [SACCO], commonly known as Wazalendo SACCO [WSACCO], has announced that its total assets rose to Shs 1.149 trillion in 2024,…
Read More » -
News
Prof. Kamuntu urges SACCO leaders to avoid internal conflicts for development
SHEEMA, March 17, 2025 – The Senior Presidential Advisor on Manifesto Implementation and Economic Affairs, Prof. Ephraim Kamuntu, has urged local Savings and Credit Cooperative Organisations [SACCOs] to avoid internal conflicts if…
Read More » -
News
Stanbic Bank cuts interest rate to 19.50 percent
KAMPALA, October 30, 2024 — Uganda’s largest bank by assets, Stanbic Bank, has reduced its local currency prime lending rate [PLR] to 19.50 percent from 19.75 percent, effective December 1, 2024. This…
Read More » -
News
SACCO Supervision Annual Report 2023 released in Kenya showing industry growth
NAIROBI, September 15, 2024 – The Kenyan Cabinet Secretary for the Ministry of Cooperatives, Micro, Small & Medium Enterprises [MSMEs], FCPA Wycliffe Ambetsa Oparanya recently released the SACCO Supervision Annual Report 2023…
Read More » -
News
Bankers in Uganda elect new leadership
KAMPALA, May 22, 2024 – Local banks under the umbrella of Uganda Bankers’ Association [UBA] have elected new leaders to run the affairs of the association effective May. The new UBA leaders…
Read More » -
News
Parliament: legislators’ pension scheme to reduce investments in Kenya
KAMPALA, February 24, 2024 – The Parliamentary Pension Scheme [PPS] is considering a reduction of the scheme’s equity investments in Kenya in favour of the stable home market. This was revealed yesterday…
Read More »