debt
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Cooperatives & Communities
The end of China’s runaway growth
Decades of double-digit growth have produced five problems that Chinese leader Xi Jinping hopes to correct with his “New Development Concept.” Will it work? CHINA – Two weeks ago, the concourse outside…
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Cooperatives & Communities
Civil Servants’ SACCO Grapples With Shs 60 Million Debt
MASINDI – Masindi Civil Servants’ Savings and Credit Cooperative Society Limited is grappling with over Shs 60 million debts, Nasur Ibrahim the SACCO Chairperson has said. “All the share capital for the…
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Cooperatives & Communities
Gulu Sells District Land To Pay Sacked Employees
GULU – Saddled with a soaring debt load, Gulu District Local Government has sold at least 30 plots of district land to pay off about Shs 6 billion in compensation to local…
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Cooperatives & Communities
Sebei Elgon Cooperative Union stuck with Shs 500m debt.
The new management of Sebei Elgon Cooperative Union, one of the oldest cooperatives in Eastern Uganda, is currently stuck with a Shs 500m debt accumulated during previous board’s tenure. According to Elisha…
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