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News
SACCOs urged to guard against loan defaulters as they seek expanding
SHEEMA, January 18, 2025 – – Savings and Credit Cooperative Societies [SACCOs] in Uganda are facing the growing challenge of loan defaults, according to Herbert Ahimbisibwe, the General Manager of Shuuku Credit…
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News
Ecobank and the IFC partner to empower Ivorian women’s businesses
CASABLANCA, December 11, 2024 — Ecobank Côte d’Ivoire, part of the leading pan-African financial services group, has signed a landmark Memorandum of Understanding [MOU] with the International Finance Corporation [IFC] to roll…
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News
Cross-border traders accuse URA customs officials of extortion
NEBBI, November 25, 2024 – Local cross-border traders from Uganda who sell merchandise to the Democratic Republic of Congo [DRC] are accusing customs officers at Goli Customs of extortion and are calling…
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News
Ecobank to unlock real-time cross-border payments across 35 African markets
KAMPALA, November 11, 2024— Nium, the leading global infrastructure for real-time cross-border payments, has partnered with Ecobank Transnational Incorporated to enable seamless cross-border payments across 35 African markets for more than 32…
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News
Embrace dairy farming, town council boss urges residents
LIRA, September 24, 2024 – Fleddie Okwe Badyang, the LCIII Chairperson of Amac Town Council in Lira district, is urging local farmers, especially the youth, to shift their mindset and embrace dairy…
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News
Orange vendors decry poor quality as they suffer losses
SOROTI, May 30, 2024 – Orange vendors in Soroti district say they are incurring losses due to the poor quality of oranges supplied by the local farmers. They say customers have shunned…
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News
Bankers in Uganda elect new leadership
KAMPALA, May 22, 2024 – Local banks under the umbrella of Uganda Bankers’ Association [UBA] have elected new leaders to run the affairs of the association effective May. The new UBA leaders…
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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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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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Africa
Nigerian lender to acquire 80 percent stake in Finance Trust Bank
KAMPALA, January 23, 2024 – Nigerian business group, Access Holdings has announced that its flagship subsidiary, Access Bank PLC (Access Bank) has entered into a definitive agreement with Uganda’s Finance Trust Bank…
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