Banks
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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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Cooperatives & Communities
French co-ops take 25 percent of global turnover of top 100 co-ops
PARIS – New research which compares French co-operatives to those in Europe and other countries puts them ahead of those in Germany, Japan and the US. Conducted by economist Olivier Frey for…
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News
BoU keeps CBR at 6.5 percent in April
KAMPALA – The Bank of Uganda [BoU] has maintained the Central Bank Rate [CBR] at 6.5 percent for the month of April 2022, as the economy continues to recover from the Covid-19…
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Cooperatives & Communities
Gen. Salim Saleh urges DCOs, Agricultural Officers to report on farmers’ demands
MBARARA – Gen. Caleb Akandwanaho a.k.a Salim Saleh, the Chief Coordinator of Operation Wealth Creation (OWC) has urged District Commercial Officers (DCOs) and Agricultural Officers including his own army officers in OWC…
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Cooperatives & Communities
This is why SACCO loans are more preferable than bank loans
If you’re keen enough you must have noticed that today more and more banks are pledging to lend cheaply to borrowers. This has seen Kenyans turn to SACCOs, with the proportion of…
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