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Agriculture
Teso farmers turn to seed banks to maintain genetic diversity
SOROTI-Given the need to maintain genetic diversity and nutritional value, farmers in Teso Sub-region are working against the odds to save indigenous seeds which are facing extinction due to a rising trend…
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Finance & Banking
Housing Finance Bank Uganda eases trading as it unveils gov’t securities portal
KAMPALA-Housing Finance Bank Uganda has launched the government securities portal for customers who invest in treasury bonds and bills to help government raise funds for its development activities. In 2020, the Bank…
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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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News
Govt earmarks Shs 10bln for major project in Alebtong
ALEBTONG– The government has earmarked Shs 10 billion for Local Economic Growth [LEG] project in Alebtong district to support agricultural production. Under the project, the government is constructing 10.8-kilometre road from Alebtong…
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Finance & Banking
Standard Chartered Bank launches Shs 970mln Youth in Agribusiness Project in Lira
LIRA-Standard Chartered Bank and Cordaid, in partnership with Youth Business International [YBI], have launched ‘Youth in Agribusiness Project’ funded by Standard Chartered Foundation to support young entrepreneurs to revive, strengthen, and build…
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News
Excitement as Kwania residents get water project
KWANIA-Residents in Aornga parish in Nambieso Sub-county, Kwania district have a reason to smile after the launch of a new project to provide safe and clean water, after battling a severe water…
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Cooperatives & Communities
Gujarat State Co-op Union: Amin re-elected Chairman for 11th term
GUJARAT– Ghanshyambhai Amin has been elected unopposed yet again as the Chairman of Gujarat State Cooperative Union [GSCU], the election for which was held recently in Ahmedabad. This will be his 11th…
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Cooperatives & Communities
Making 100 years: Indian Co-op Bank offers 15 percent extra dividend
GUJARAT– Gujarat-based Surat People’s Co-operative Bank crossed the business mix of Rs 9,000 cr in 2021-22 and gave 15 percent extra dividend to its shareholders on the completion of 100 years of…
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East Africa
Kenya gets €89mln loan to bolster economic recovery
NAIROBI– The African Development Bank [AfDB] Group has approved an €89 million loan to boost the Kenyan government’s economic recovery efforts. The loan will provide funding for the second phase of Kenya’s…
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International
Indian bank penalised for upgrading loan accounts without recovery
NEW DELHI– According to several Indian news outlets, Bassen Catholic Cooperative Bank [UCB], Vasai is regretting why it did not adhere to the recently issued directives governing accounting processes. This is after…
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