cooperative bank
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News
Nandala Mafabi to Kwania residents: Vote for me and I will revive Cooperative Bank
KWANIA, October 18, 2025 — Forum for Democratic Change [FDC] presidential candidate, Nathan Nandala Mafabi, has pledged to revive the defunct Cooperative Bank if elected President of Uganda in the upcoming January…
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Cooperatives & Communities
CIC partners with TDB and Swiss bank, Vontobel to launch the CIC Global Balanced Special Fund
NAIROBI, October 9, 2025 — CIC Insurance Group has partnered with the Trade Development Bank [TDB] for strategic sponsorship to strengthen its offshore positioning through an operational partnership with Swiss private bank Vontobel that is also tasked with…
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News
Second Cooperative Bank in Uganda in the pipeline after closure of first one
KAMPALA, September 19, 2025 –Ugandan cooperators have they will in the near future have a fully-fledged Cooperative Bank established after yesterday’s launch of the National Cooperative Savings and Credit Society Limited [NCSCSL]…
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News
President Samia praises cooperative sector at launch of Co–operative Bank of Tanzania
DODOMA, May 5, 2025 – President of Tanzania, Dr Samia Suluhu Hassan, has praised the ongoing progress of the country’s cooperative sector, noting its role in enhancing productivity and improving the livelihoods…
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News
Industry shock as BoU revokes Mercantile Credit Bank licence
KAMPALA, June 18, 2024 – The Bank of Uganda [BoU] has with immediate effect revoked the licence of Mercantile Credit Bank Limited and ordered the lender to wind up its affairs, sending…
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News
Cooperators urged to mobilise Shs 300bln to capitalise National Cooperative Bank
MBARARA, May 10, 2024 – Cooperators, and cooperatives in Uganda have been told to be ready to raise Shs 300 billion to capitalise the new proposed National Cooperative Bank. According to the…
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Cooperatives & Communities
Co-operative Bank of Kenya to pay shareholders Ksh 8.8bln in dividends
NAIROBI, March 25, 2024 – The Co-operative Bank of Kenya has maintained a dividend of Ksh 1.5 per share for the year ended December 31, 2023 after it recorded a 5.2 percent…
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Cooperatives & Communities
South Africa: Politicians hold fruitful engagement on establishing specialised cooperative bank
JOHANNESBURG, September 22, 2023 – The Multi-Party Women’s Caucus [MPWC] in the Parliament of South Africa yesterday held a constructive and fruitful engagement with the Department of Women, Youth, and Persons with…
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Cooperatives & Communities
Deo Nsereko, former Cooperative Bank boss and senior cooperator dead
KAMPALA, September 18, 2023 – The former board chairman of the defunct Cooperative Bank, Deo Nsereko is dead, according to Milly Babalanda, the Minister for the Presidency. According to Babalanda, Nsereko who…
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International
New Zealand: The Cooperative Bank shares US$ 2.5mln profit with customers
WELLINGTON – The Cooperative Bank recently forked out US$2.5 million in rebates to customers across New Zealand. The Wellington-headquartered bank is 100 percent-owned by its customers, who are shareholders, and is also…
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