Assets
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
Cooperatives & Communities
Co-operators urged to stick to cooperative values
Co-operators in Uganda have been advised to keep on exhibiting cooperative values if they are to remain autonomous and play their part in improving members’ welfare. According to Jane Amuge Okello, the…
Read More » -
News
Reserves managers face up to tough investment environment
KAMPALA- Most central bank reserves managers are resigned to a period of higher inflation and lower returns, according to a report published today by the global think tank- Official Monetary and Financial…
Read More » -
International
ILO okays conclusions on the social and solidarity economy, including cooperatives
GENEVA– The International Labour Organisation [ ILO ] Conclusions on Decent Work and the Social and Solidarity Economy [SSE], explicitly including cooperatives, were approved by the Plenary of the International Labour Conference…
Read More » -
News
Banks post 26.9 percent profit as sector remains resilient to potential shocks
KAMPALA– Year on year, commercial banks’ aggregate net profits after tax (NPAT) increased by 26.9 percent to Shs 1,073.9 billion in the year ending December 2021 from Shs 846.2bln in the previous…
Read More » -
Cooperatives & Communities
Kenyan regulator cuts levy for new Saccos
NAIROBI– Kenyan Sacco Societies Regulatory Authority [ Sasra ], has cut the proposed annual fees for SACCOs with non-withdrawable deposits to 0.15 percent from 0.165 percent as earlier proposed. The reduction follows…
Read More » -
Cooperatives & Communities
Stanbic Bank launches Shs 50 billion fund for Saccos in Northern Uganda
GULU -Stanbic Bank Uganda has launched Shs 50 billion fund in Northern Uganda to support Saccos in the agro-processing as the bank aims to boost the agricultural value chain in the country.…
Read More » -
Cooperatives & Communities
BoU’s Atingi-Ego shines as women steal show at the African Banker Awards 2022
KAMPALA-Last night the 16th edition of the African Banker Awards Gala Ceremony took place at the Kempinski Hotel, in Accra, Ghana. The event was held under the High Patronage of the African…
Read More »