Assets
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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…
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Cooperatives & Communities
Tayebwa urges Parliamentary SACCO to start own bank
The Deputy Speaker of Parliament, Thomas Tayebwa has advised the leaders of the Parliamentary SACCO to establish their own bank in order to serve the wider public. Tayebwa who was presiding over…
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National
Journey to revive Cooperative Bank begins as gov’t inaugurates steering committee
KAMPALA– Cooperators in Uganda could soon have access to cheap and appropriate financing after the government on Tuesday inaugurated a steering committee to revive the defunct Cooperative Bank whose assets were taken over…
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East Africa
Kenya’s Tai SACCO total assets grow to Ksh4.1bln
NAIROBI– Despite a difficult economic environment in the country, Kenya’s Tai SACCO posted an impressive financial performance in the year ended December 31, 2022, posting Ksh 4.1 billion in total assets, its…
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Finance & Banking
Centenary Bank posts 11.4 percent growth as rivals dispute Auditor General on undercapitalisation claims
KAMPALA – Centenary Bank had its gross profit rise by 11.4 percent to Shs 321.2 billion in the year ended December 31, 2022, from Shs 288.5bln posted in 2021, the bank’s managing…
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Cooperatives & Communities
SHEEMA: Shuuku SACCO warned over bribery
SHEEMA– SACCO officials and members in western Uganda have been warned against engaging in bribery while processing loans. The call was made by Prof. Ephraim Kamuntu in Sheema district while speaking at…
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Finance & Banking
Standard Chartered Bank sets pace with launch of offshore mutual funds
KAMPALA-Standard Chartered Bank Uganda on Monday launched offshore mutual funds product for their clients during a press conference held at Kampala Serena Hotel and presided over by the Bank’s CEO, Sanjay Rughani,…
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International
CHS to build new grain shuttle facility
SIOUX FALLS– CHS Inc., a farmer-owned cooperative in the United States, will begin construction this spring on a new grain shuttle facility in southeast South Dakota, a strategic location in its Pacific…
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Cooperatives & Communities
BoU tasked to explain sale of Cooperative Bank assets
KAMPALA-The Office of the Solicitor General has asked the Bank of Uganda [ BoU ] to explain the process regarding the sale of assets belonging to the defunct Cooperative Bank established in…
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