Capital
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News
AEW 2024 to shape oil & gas financing, risk reduction strategies
CAPE TOWN, September 16, 2024 — Global investment in upstream oil and gas is set to reach US$ 570 billion in 2024, showing a 7 percent increase compared to 2023 expenditure. Of…
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News
Wazalendo SACCO commissions commercial building in Fort Portal City
FORT PORTAL, August 12, 2024 – The Wazalendo Savings and Credit Cooperative Society [ WSACCO ] Limited has commissioned a new commercial building located on Balya Street in Fort Portal City to…
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News
Kenyan SACCO regulator drafts guidelines on mergers
NAIVASHA, July 22, 2024 – The SACCO Societies Regulatory Authority [SASRA] has proposed draft guidelines on mergers and amalgamations, which provide a clear framework for Savings and Credit Cooperative Societies [SACCOs] that…
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News
Centenary Bank says when women are given opportunity for financial inclusion, they can do miracles
KAMPALA, June 28, 2024 – The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year 2024, Centenary Rural Development Bank exemplifies the spirit of this year’s…
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News
Fidelity Bank Nigeria completes acquisition of Union Bank UK
CAIRO, June 11, 2024 – African Export-Import Bank [Afreximbank] has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of…
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Cooperatives & Communities
Katakwi: Best performing Emyooga SACCOs get Shs 220mln additional seed capital
KATAKWI, March 8, 2024 – Government through the Microfinance Support Center [MSC] has injected additional seed capital of Shs 220 million into 11 successful Emyooga Saving and Credit Cooperative Societies [SACCOs] in…
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Cooperatives & Communities
UMRA protests merger, asked to present comprehensive report on achievements
KAMPALA, February 28, 2024 – The Uganda Microfinance Regulatory Authority [ UMRA ] is against the move by government to push it back to the mother Ministry of Finance, saying that its…
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News
Dokolo journalists’ association gets Shs 1mln capital boost
DOKOLO, February 19, 2024 – Dokolo Media Association in Dokolo district has received Shs 1 million to boost the capital, and livelihoods of its members who are mainly journalists. The money was…
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National
BoU, DPF to start paying EFC Uganda depositors next week
KAMPALA, January 24, 2024 – Depositors of EFC Uganda are to be paid by the Bank of Uganda [BoU] and the Deposit Protection Fund of Uganda [DPF] after the lender had its…
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Cooperatives & Communities
Otuke women ask govt for financial support
OTUKE, December 28, 2023 – Women under Canomia Diro Women Group that processes shea nut products in Ogor Sub-county, Otuke district have appealed to government for financial assistance, saying it would help…
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