deposits
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International
US banks downgraded on worsening outlook
NEW YORK – Global ratings firm Moody’s early this week downgraded several mid-sized US banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits,…
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Cooperatives & Communities
Kenyan parliament set to approve Saccos inter-lending facility
NAIROBI– Savings and Credit Co-operative Societies [ Saccos ], allowed to receive deposits from the public, are hoping that the next Kenyan Parliament will fast-track the establishment of a Central Liquidity Facility…
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International
Wakenya Pamoja Sacco boosts members’ livelihoods
KENYA– Wakenya Pamoja SACCO, domiciled in Kenya, registered growth in the 2020/21 financial year, with the Board of Directors now seeking to strengthen operations, spur growth, and development to maximise members’ benefits.…
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News
What Museveni said in State of the Nation Address 2022
KAMPALA– Yesterday President Yoweri Museveni gave his State of the Nation Address [SONA] 2022 where he explained various issues in the Ugandcan economy; including talking about Emyooga SACCOs, the Parish Development Model…
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News
Centenary Bank gross profit surge 33.6 percent
KAMPALA- Centenary Bank earned gross profit of about Shs 288.5 billion in 2021, which was 33.6 percent growth when compared to about Shs 216 bln earned in 2020. The bank’s Managing Director…
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Finance & Banking
Absa Bank Uganda profit after tax up by 169%
KAMPALA – Absa Bank Uganda had favourable business outcomes in the year 2021, despite covid-19 pandemic that hit the country. The bank on Tuesday announced a sharp profit after tax increment of…
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