bank
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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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Cooperatives & Communities
Muslims in Uganda urged to form SACCOs
KAMPALA– Muslims in Uganda have been advised to form Saving and Credit Cooperatives [SACCOs] if they are to benefit from government’s poverty eradication programmes such as Emyooga and Parish Development Model [PDM].…
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Africa
Centenary Bank on list of nominees for 2022 edition of the African Banker Awards
KAMPALA– The African Banker magazine has announced the shortlist of over 60 nominees for this year’s edition of the African Banker Awards, with Ugandan Centenary Rural Development Bank and Tugende Global nominated…
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News
Centenary Bank gross profit surge 33.6 percent
KAMPALA- Centenary Bank earned gross profit of about Shs 288.5 billion in 2021, which was 33.6 percent growth when compared to about Shs 216 bln earned in 2020. The bank’s Managing Director…
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News
Finance Trust Bank sees gross profit rise of 61.9 percent in 2021
KAMPALA– Finance Trust Bank has released a summary of financial statements for the year ended December 31, 2021, showing its profit before tax curve going up by 61.9 percent to about Shs 13.6…
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