debts
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Cooperatives & Communities
BKCU demands govt Shs 22.7bln for losses incurred decades ago
MBARARA, June 24, 2024 – The Banyankole Kweterana Cooperative Union [ BKCU ] Limited is yet to be fully compensated for the losses arising from the liberation wars of 1978–79, and 1980–86,…
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Cooperatives & Communities
Kenya: Coffee cooperatives urged to list their debts
NAIROBI, April 2, 2024, Kenya’s Ministry of Cooperatives and Micro Small and Medium Enterprises Development has asked coffee cooperative societies in the country to list and verify their debts to help the…
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Cooperatives & Communities
Debts, lack of working capital, force BKCU to sell more land
MBARARA, January 26, 2024 – Banyankole Kweterana Cooperative Union [BKCU] is to sell its 44 acres of land located in Rwencwera 1 Village, Kashare Sub-county in Mbarara district to pay debts, as…
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Cooperatives & Communities
Christian coops transform lives in Bangladesh
DHAKA – Aporna Das was a medical nurse for 19 years before she launched a hospital herself at Chankarpool, in the southern Dhaka, Bangladesh. The 55-year-old woman built her 30-bed Royal Care…
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Cooperatives & Communities
Former manager threatens to sue BKCU over salary arrears
MBARARA – Julius Tugume, the former general manager of Banyankole Kweterana Cooperative [BKCU] Limited has threatened to drag the struggling union to courts of law for allegedly defaulting on his salary worth…
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Education
Teachers advised to shun multiple loans
MBALE – Teachers in Mbale district and Uganda at large have been urged to invest part of their earnings in productive activities other than continuously acquiring multiple loans from various financial institutions.…
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Cooperatives & Communities
Huge debts force Banyankole Kweterana Coop to sell prime land
MBARARA – Members of the struggling Banyankole Kweterana Cooperative Union [BKCU] have unanimously supported the sale of 55 acres of land located in Kashari North, Mbarara district to enable their union settle…
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Finance & Banking
Silicon Valley Bank and the double-edged sword of digital efficiency
LONDON – The collapse of Silicon Valley Bank perfectly exemplifies the dangers of digital finance. During the bank run in March – enabled by the increased speed and efficiency of digital finance…
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News
Gulu City neglects LCs, spends their Shs 480mln on court cases
GULU– Gulu City authorities have diverted Shs 480 million meant to pay LCI and LCII chairpersons and instead used the money to pay debts arising out of court cases. The city currently…
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News
Depositors rush to withdraw their money as Afriland First Bank closes
KAMPALA– Depositors of Afriland First Bank Uganda Limited are running to its head office to salvage their money as well but also open new accounts with other commercial banks after the former…
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