Banks
-
Development
Credit risk remains high as local banks see 7.1 percent profit growth
KAMPALA-Risks for commercial bank lending in the country remain elevated due to slow credit growth, lingering concerns over asset quality, and high write-offs as banks clean up their loan book of COVID-19…
Read More » -
News
Help us: KACITA petitions parliament over cost of doing business
KAMPALA-Traders belonging to Kampala City Traders Association [ KACITA ] have petitioned the Deputy Speaker of Parliament, Thomas Tayebwa, on the high costs of doing business and prayed that government stops selective…
Read More » -
Cooperatives & Communities
Post Bank Uganda to become agriculture bank!
KAMPALA– Operation Wealth Creation [OWC] officials have asked government to transform Post Bank Uganda into an agriculture bank so that farmers in the country can access low interest loans to fund their…
Read More » -
Cooperatives & Communities
FRONASA launches SACCO, calls for return of Cooperative Bank
MUKONO – The veterans’ wing of the Front for National Salvation [FRONASA] has launched a multi-purpose Sacco, calling on the government to re-open Cooperative Bank so that cooperators in Uganda can access…
Read More » -
News
Floods submerge gardens in Adjumani
ADJUMANI-At least 424 residents of Ogolo North and South in Arinyapi SubCounty in Adjumani district are homeless after floods submerged their homes and gardens following heavy rain downpour. The floods in the…
Read More » -
Cooperatives & Communities
Indian UCBs to be brought at par with commercial counterparts
NEW DELHI– Speaking on the occasion of onboarding of co-operatives on the GeM portal recently in Delhi, Indian Union Minister Amit Shah said that co-ops can no longer be treated in a step…
Read More » -
International
Theme for this year’s International Credit Union Day theme announced
WISCONSIN-World Council of Credit Unions [Woccu] has released official posters and logos for the day, which will be celebrated on October 20, 2022. This year’s International Credit Union [ICU] Day takes the theme Empower…
Read More » -
Cooperatives & Communities
Kitgum farmers urged to return to gardens after suffering losses
KITGUM– Famers under East Acholi Cooperative Union [WACU] in Kitgum district have been advised to prepare for the second season after their crop gardens were hit by an unexpected drought in the…
Read More » -
Development
BOU ramps up CBR again
KAMPALA– Bank of Uganda [ BOU ]raised the indicative Central Bank Rate [CBR] to 8.5 percent for July from 7.5 percent before, as inflation rose – for the second time in a…
Read More » -
Cooperatives & Communities
Kikuube councilor arrested for assaulting Minister at PDM meeting
KIKUUBE– Kikuube district councilor for Kyangwali Sub-county, Nestole Tumwesigye was last evening arrested and detained at Kikuube Police Station for attacking the State Minister for Works Fred Byamukama. This took place during…
Read More »