Credit
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Cooperatives & Communities
Promoter meets Lango cultural leaders over establishment of coop bank
LIRA – A concerned Ugandan Lt. Moses Mugisha Magufuri has held discussions with the leaders of Lango Cultural Foundation in Lira City East Division over the establishment of Agriculture and Cooperative Bank.…
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News
UWEP boosts livelihoods of women in Lira district
LIRA– The Uganda Women Entrepreneurship Programme [UWEP] is boosting the livelihoods of women in Lira district, according to reports. UWEP is an initiative of the Government of Uganda aimed at improving access…
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Cooperatives & Communities
Buliisa Rural Enterprise Cooperative wants to be supported with tractors
BULIISA – Members of Buliisa Rural Enterprise Cooperative Society Limited in Buliisa district have appealed to Bunyoro-Kitara Kingdom Prime Minister, Andrew Byakutaga to help link them to organisations that can support them…
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Cooperatives & Communities
SHEEMA: Shuuku SACCO warned over bribery
SHEEMA– SACCO officials and members in western Uganda have been warned against engaging in bribery while processing loans. The call was made by Prof. Ephraim Kamuntu in Sheema district while speaking at…
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Cooperatives & Communities
WSACCO trains Mbarara SACCOs in financial literacy
MBARARA-The Uganda People’s Defence Force [UPDF] Wazalendo Savings and Credit Cooperative Society [WSACCO] has extended financial literacy training and shared experience with SACCOs in Greater Mbarara districts as one way of giving…
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Cooperatives & Communities
Mutukula: Women traders want more cooperatives formed
MUTUKULA– Women traders under the Uganda Women Cross border Union have asked government to support women in forming more cooperatives at the country’s border posts. Jane Benuza, the Secretary General of Uganda…
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International
ICA welcomes new members in 2022
LONDON-The International Cooperative Alliance [ICA] recently welcomed two members in September: Cooperativa de Ahorro y Crédito CACEENP Limitada from Honduras and Coopérative Centrale d’épargne et de crédit du Kivu [COOCEC-KIVU] from the…
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Finance & Banking
BoU CBR spiked to 10 percent as inflation rises again
KAMPALA-The Bank of Uganda [ BoU ] has in the Monetary Policy Statement [MPS] for October 2022, raised the Central Bank Rate [CBR] to 10 percent from 9 percent previously. That followed…
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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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Cooperatives & Communities
Kyotera project gathers over 700 SACCOs to raise capital for members
KYOTERA-At least 730 community-based Savings and Credit Society Co-operatives [SACCOs] in Kyotera district have come together under a new arrangement to raise more funds for members as they engage in income-generating activities.…
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