Coop Bank
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News
Kenya’s KCB Group posts 8% jump in Q1 net profit
NAIROBI (Reuters) – Kenya’s biggest lender KCB Group saw an 8% jump in profit after tax in the first quarter to March, to 6.3 billion Kenyan shillings ($59 million), it said in…
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Cooperatives & Communities
Co-op Bank Records Ksh15.45 Billion Profit
The Co-operative Bank Group on Friday, November 15, reported a pre-tax profit of Ksh15.45 billion for the third quarter of 2019. This was a significant improvement compared to Ksh14.64 billion recorded in the…
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Cooperatives & Communities
Bugisu Cooperative Union Opens Uganda’s first Cooperative Radio Station
In Eastern Uganda, Bugisu sub region, where literacy remains a substantial barrier to development, radio can reach a large number of poor people because it is affordable and consumes little electricity. On…
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Development
Community Health Workers raise Rwf14 billion in assets
Community Health Workers (CHW), through their cooperatives, have accumulated Rwf11.2 billion in immovable assets, and Rwf3.5 billion in cash deposited in banks, figures from the Ministry of Health show. Their assets are…
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Development
What is the place of Uganda’s farmer in the value chain power relations?
The National Coordinator of Operation Wealth Creation (OWC), Gen. Caleb Akandwanaho aka Salim Saleh has on several occasions asked a poignant question – Where is the farmer in in the value chain power…
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Cooperatives & Communities
President urged to assent to Cooperative Amendment Bill 2016 as nation gears-up for International Coop Day
KAMPALA, Uganda: This year’s Cooperative Week Celebrations have been launched with a call for immediate assenting to the Cooperative Amendment Bill 2016 by the President. The week long event was launched by…
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Cooperatives & Communities
International Cooperative Alliance and International Labour Organization reaffirm commitment to inclusive, sustainable development through co-ops
The International Cooperative Alliance (ICA) and the International Labour Organization (ILO) reaffirmed their century-long friendship and commitment to elevating cooperative enterprise by signing a new Memorandum of Understanding on Monday. The document states…
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East Africa
New rules to protect Kenyan SACCO members
Kenya is working on new rules to tame deposit-taking SACCOs (DT-SACCOs) that fleece members through inflated charges, delays in reimbursement of deposits, and “reckless” lending and debt collection. This comes amid concerns…
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Topics
Cooperatives and social enterprises may hold the key to more and better jobs
Co-operatives and social enterprises achieve employment growth at least on a par with other types of organisation, and also create good quality jobs, according to a new report by the University of…
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East Africa
Transport Paralyzed As Kangema Matatu SACCOs Strike
Commuters using Kangema-Murang’a town road were on Monday left stranded after local matatu SACCOs staged a demonstration. Four SACCOs which ply the road were protesting what they termed as intrusion of their…
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