Banks
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International
Co-ops among the world’s top female-friendly companies
LONDON-Forbes Magazine has published a list of the world’s most female-friendly companies, which features four co-operatives, one employee owned enterprise and four mutual insurers. Developed with the support market research company Statista,…
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Finance & Banking
World Savings Day: BoU boss urges Ugandans to save for the future
KAMPALA-As countries celebrate World Savings Day which falls on October 31 every year, the Bank of Uganda [BoU] Deputy Governor, Michael Atingi-Ego has urged Ugandans to start saving now, saying savings help…
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Cooperatives & Communities
Declare interest to members, SACCOs and VSLAs told
GULU- Just like banks do, managers of SACCOs and Village Savings and Loan Associations [ VSLAs ] should make it a routine to declare the earned interest to members every year as…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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