Banks
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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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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…
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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…
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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…
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News
Banks post 26.9 percent profit as sector remains resilient to potential shocks
KAMPALA– Year on year, commercial banks’ aggregate net profits after tax (NPAT) increased by 26.9 percent to Shs 1,073.9 billion in the year ending December 2021 from Shs 846.2bln in the previous…
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News
South Sudanese refugees establish own Sacco
LAMWO– After failing to access loans from commercial banks and other financial institutions, South Sudanese refugees in Lamwo Refugee Settlement have decided to form their own Paluda Farmers’ Sacco to serve them…
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Cooperatives & Communities
Kenyan regulator cuts levy for new Saccos
NAIROBI– Kenyan Sacco Societies Regulatory Authority [ Sasra ], has cut the proposed annual fees for SACCOs with non-withdrawable deposits to 0.15 percent from 0.165 percent as earlier proposed. The reduction follows…
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Cooperatives & Communities
Ntungamo farmers decry continued quarantine
NTUNGAMO– Cattle farmers in Ntungamo district are worried that a quarantine imposed on the movement of livestock and related products still remains in force following an outbreak of the infectious Foot and…
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