banking
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News
ICA Global Cooperative Conference 2024 begins on Monday
KAMPALA, November 22, 2024 — On Monday next week The 2024 ICA Global Conference will hit Indian soil for the first time in its 130 years! New Delhi will host cooperators from…
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News
AfDB approves US$ 6.6mln grant to strengthen Somalia’s financial architecture for inclusive growth
ABIDJAN, September 17, 2024— The African Development Bank Group [AfDB] has approved a US$ 6.6 million grant to support the Federal Government of Somalia [FGS] in strengthening state capacity to build its…
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News
EAC and IGAD to roll out digital integration project to boost connectivity, access and economic growth
ARUSHA, September 14, 2024 — The East African Community [EAC] and the Intergovernmental Authority on Development [ IGAD ] are set to commence implementation of the Eastern Africa Regional Digital Integration Project…
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International
Chile’s Sermecoop joins ICA as latest member
BRUSSELS – Cooperativa de Servicios [Sermecoop Ltda.] is the latest to join the International Cooperative Alliance [ ICA ], the voice of cooperatives worldwide. According to ICA’s latest statement, Sermecoop, domiciled in…
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International
ICA welcomes new COOP ELGA from Honduras
LONDON – Cooperativa de Ahorro y Credito ELGA [ COOP ELGA ] from Honduras is the latest member to join the International Cooperative Alliance [ICA]. COOP ELGA was initially set up in…
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News
Standard Chartered sponsors Lady Captain’s Prize Tournament
KAMPALA – Standard Chartered Bank Uganda yesterday announced in Kampala Shs 20 million sponsorship for The Lady Captain’s Prize Tournament set to be held at the prestigious Uganda Golf Club. The golf…
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Finance & Banking
ECF: Uganda to receive over Shs 880bln from IMF
KAMPALA-Uganda stands to receive an additional US$ 240 million from the International Monetary Fund [IMF] under the Extended Credit Facility [ ECF ] approved by the IMF Executive Board on June 28,…
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East Africa
Stima DT Sacco transforming traditional Sacco banking
NAIROBI-According to a recent advertorial, a new path is lighting up for the Sacco sub-sector in Kenya. Product innovation and the deployment of technology have transformed traditional Sacco banking across the country.…
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Cooperatives & Communities
Kenyan parliament set to approve Saccos inter-lending facility
NAIROBI– Savings and Credit Co-operative Societies [ Saccos ], allowed to receive deposits from the public, are hoping that the next Kenyan Parliament will fast-track the establishment of a Central Liquidity Facility…
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Cooperatives & Communities
Agago coops to benefit from white sorghum pilot project
AGAGO– Five cooperative societies in Agago district are to be supported to grow white sorghum as the second season sets in. This is after Uganda Breweries Limited said it would buy the…
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