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News
Sheema teachers form SACCO to boost their financial independence
SHEEMA, Nov, 28, 2025 — Teachers in Sheema district have launched a Savings and Credit Cooperative Organisation [SACCO] in an effort to strengthen their financial independence and reduce reliance on high-interest local…
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KENYA: 25,000 SACCOs face closure over failure to file audited financial statements
NAIROBEI, November 27, 2025 — A total of 25,000 Savings and Credit Cooperative Organisations [SACCOs] in Kenya are facing deregistration after failing to prepare and file audited financial accounts, placing over Ksh…
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Stanbic Bank, FinCom launch first fully digital lending solution for schools
KAMPALA, November 25, 2025 — Stanbic Bank Uganda has partnered with FinCom Technologies, creators of the SchoolPay platform, to unveil the country’s first fully digital lending system designed specifically for schools. The…
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Over 185 Multi-State Co-op Elections Conducted in India; New Guidelines Issued
NEW DELHI, November 24, 2025 — The Central-level Co-operative Election Authority [CEA] has successfully conducted more than 185 elections for Boards of Directors and Office Bearers of Multi-State Cooperative Societies [MSCS] across…
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Commercial lending rates in Uganda ease in September 2025, report shows
KAMPALA, November 23, 2025 — Commercial lending rates in Uganda eased slightly in September 2025, according to the Performance of the Economy Monthly Report for October 2025. The weighted average lending rate…
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Fishermen in Kwania form credit cooperative to improve access to cheap finance
KWANIA, October 16, 2025 – Fishermen from five sub-counties in Kwania district have officially launched a credit cooperative society aimed at improving access to affordable credit. The new cooperative, named Kwania Fishermen…
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Lango Clan Leaders’ SACCO boosting members’ livelihoods
LIRA CITY, September 8, 2025 – The Lango Regional Cultural Leaders’ Savings and Credit Cooperative Society Limited [SACCO] is significantly improving the livelihoods of its members, according to the cooperative’s leadership. Established…
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SACCO leaders urged to embrace technology to safeguard members’ savings
IBANDA, August 25, 2025 — Leaders of Savings and Credit Cooperative Organisations [SACCOs] have been urged to adopt modern financial technology systems to strengthen transparency and prevent fraud in cooperative societies. This…
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Teso teachers’ SACCOs to receive additional gov’t funding
SOROTI, August 22, 2025 – Teachers’ Savings and Credit Cooperative Organisations [SACCOs] in the Teso Subregion are set to receive a significant financial boost from the government through the Presidential Fund for…
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WSACCO celebrates promotion of 47 non-commissioned officers
KAMPALA, August 19, 2025–Wazalendo Savings and Credit Cooperative Society Limited [ WSACCO ] recently honoured 47 of its staff who were recently promoted to various non-commissioned officer [NCO] ranks in recognition of…
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