Assets
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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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Cooperatives & Communities
Keep saving with Wazalendo SACCO, general tips UPDF retirees
MBARARA – Maj. Gen. Francis Takirwa, the deputy commander Land Forces in Uganda People’s Defence Forces [UPDF], has appealed to the retirees of the Force to keep saving with Wazalendo SACCO [WSACCO],…
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International
Dominican Republic cooperative latest to join ICA
BRUSSELS-The International Cooperative Alliance [ICA] reports it welcomed a new member last December: Cooperativa de Ahorro y Credito Herrera, Inc. from the Dominican Republic. According to ICA, COOP-HERRERA is a savings and…
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International
Crucial legislation for UK co-operatives taken forward by government
LONDON-Co-operatives UK is celebrating after government days ago announced it was taking forward crucial legislation giving co-operative societies the option of legally guaranteeing that their assets are held in common. Sir Mark…
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Africa
Partners to unlock the entrepreneurial capacity of women-led enterprises in Africa
NAIROBI-Africa Enterprise Challenge Fund [AECF] and the Africa Development Bank Group’s Affirmative Finance Action for Women in Africa [AFAWA] initiative have partnered to scale and realise the entrepreneurial capacity, feasibility and sustainability…
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Africa
Kenya co-ops top in Africa, says WOCCU report
NAIROBI-Co-operatives in Kenya top in African content with high membership and wealth, a new Statistical Report by the World Council of Credit Unions [ WOCCU ]shows. The report indicates that 9,041 Co-operative…
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International
World Bank: Russian invasion of Ukraine impedes post-pandemic economic recovery in Europe and Central Asia
WASHINGTON-Russian invasion of Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the…
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Cooperatives & Communities
Mwalimu National DT Sacco to sell assets of acquired bank
NAIROBI-According to Kenyan media outlets, Spire Bank, previously Equatorial Commercial Bank [ECB] has faced financial troubles since it was acquired by the Mwalimu National DT Sacco. And now in a bid to…
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