Banks
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Cooperatives & Communities
Nwoya cooperatives have scanty books of account
NWOYA– The majority of the cooperatives in Nwoya district lack proper audited books of account, something that has limited them to access loans from commercial banks and other financial institutions, district officials…
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East Africa
We want tax relief, co-ops urge gov’t
NAIROBI-Cooperatives/SACCOs in Kenya are calling for tax relief, saying it would help them compete favourably in the market. According to Gathungu Kahunyo, the vice chairman Githunguri Dairy Co-operative, Saccos pay high taxes,…
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Cooperatives & Communities
Museveni warns MPs to keep off Vinci coffee deal
NTUNGAMO – President Yoweri Museveni continues to push for the coffee deal signed between government and Uganda Vinci Coffee Company Limited [UNCCL], despite the project receiving strong criticism from both the public…
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Cooperatives & Communities
Prof. Suruma warns beneficiaries against misuse of PDM funds
SHEEMA – The chancellor of Makerere University Prof. Ezra Suruma has appealed to SACCO leaders to arrest beneficiaries who misuse Parish Development Model [PDM] funds. He said this days ago while launching…
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News
Local gov’t councils in Masaka urged to prioritise PWDs in fight against poverty
MASAKA –Rights advocates in Masaka district have appealed to leaders at all levels of local government councils to put more emphasis on mainstreaming issues affecting persons with disabilities [ PWDs ] into…
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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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