Credit
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News
Ugandan coop among new members recruited by ICA
BRUSSELS, February 2, 2025 — The International Cooperative Alliance [ICA] started the year 2025 by welcoming six new full members from India, Ethiopia, Vietnam, Uganda and Palestine. The cooperatives include; Kollam District…
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News
Bank of Uganda issues MDI licence to EBO SACCO
KAMPALA, January 28, 2025 – The Bank of Uganda [BoU] has granted a licence to EBO Cooperative Savings and Credit Society Limited, located in Bwizibwera Rutooma Town Council, Mbarara district. This licence…
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News
Kanungu constructs lodge out of tourism revenue
KANUNGU, September 24, 2024 — Kanungu district has constructed a magnificent ecotourism lodging facility in Mpungu Subcounty using funds from a revenue sharing agreement with Uganda Wildlife Authority [UWA], the managers of…
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News
Panel discusses findings of WOCCU Study on financial inclusion for migrants, refugees
BOSTON, July 24, 2024 – The World Council of Credit Unions [WOCCU] on Tuesday led a panel discussion on the findings from its new report, Insights from Credit Unions on Financial Inclusion…
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Opinions & Commentary
New CMN rules could boost consolidation for Brazilian cooperative credit system
By Claudio Gallina RIO DE JANEIRO/SAO PAULO, May 3, 2024 – Fitch Ratings views the enactment of the National Monetary Council [ CMN ] Resolution No. 5,131 [R5131] as a positive regulatory…
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News
Kenyan farmers get fertiliser boost with US$ 2mln AFFM credit guarantee
NAIROBI, April 28, 2024 – In a significant step to advance food security in Kenya, the Africa Fertiliser Financing Mechanism [AFFM] on Friday launched a project that will help deliver nearly 8,000…
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Cooperatives & Communities
Nandala gets another term as BCU Chairman
MBALE, April 5, 2024 – The Forum for Democratic Change [FDC] Secretary General, Nathan Nandala Mafabi, has been re-elected unopposed as the Chairperson of Bugisu Cooperative Union [BCU] for another term. Nandala,…
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News
Private sector credit dropped 0.7 percent in January 2024
KAMPALA, March 19, 2024 – The stock of outstanding private sector credit in Uganda reduced by 0.7 percent to Shs 21.54 trillion in January 2024, from Shs 21.70trn in December,2023, mainly explained…
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Cooperatives & Communities
Diocese of Lango Clergy SACCO in need of tractor
Lira City, February 23, 2024 – The Diocese of Lango Clergy SACCO has appealed to government to support them with a tractor, saying it would help members to engage in commercial farming.…
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Cooperatives & Communities
Over 350 farmer cooperatives supported to boost value addition
JINJA, February 12, 2024 – The Ministry of Agriculture, Animal Industry and Fisheries [MAAF] has so far supported 358 farmer cooperatives/ organisations across the country to construct storage facilities and install value…
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