Economy
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International
Coops based on values can never fail, says Thakur
NEW DELHI – The President of Pan India organisation of Cooperators and Cooperatives [Sahakar Bharti], ND Thakur has said that the future of the country is safe in the hands of cooperatives…
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Finance & Banking
MPs approve over Shs 355bln loan for INVITE project
KAMPALA – Government’s request to borrow up to US $96 million [Shs 355.5bln] to finance the Investment for Industrial Transformation and Employment [ INVITE ] project has been okayed by Parliament. The…
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Cooperatives & Communities
Amolatar receives Shs 4bln PDM funds
AMOLATAR-A total of 85 Parish Development Model SACCOs [PDM SACCOs] in Amolatar district have so far received Shs 4 billion released in the first and second quarter of the current financial year.…
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Africa
South Africa signs agreement to benefit local cooperatives
JOHANNESBURG-South Africa [SA] has signed an international development cooperation agreement with the German Cooperative Raiffeisen Confederation [GCRC] to benefit local cooperatives, according to the South African Government News Agency. The agreement will…
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International
SSA growth to decelerate to 3.6 percent
WASHINGTON- Amid a global slowdown, growth in Sub-Saharan Africa [ SSA ] is expected to decelerate to 3.6 percent before rebounding to 4.2 percent in 2024 in line with a global recovery, subsiding…
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Energy & Mining
Fuel stations back in business after losing out to smugglers
ARUA-Authorised fuel stations in Arua City are back in business after Uganda Revenue Authority [URA] intensified a crackdown on the illegal sale of smuggled fuel on the city streets. The last two…
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Cooperatives & Communities
Bitter lesson as Mbale City officer refunds PDM money
MBALE-The Mbale City production officer Dr. Simon Massa has refunded Shs 8 million that was meant to pay members on the city’s Parish Development Committees [PDCs]. Dr Simon Massa, who is also…
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Cooperatives & Communities
Bulambuli: Govt asked to expedite release of PDM funds
BULAMBULI- Members of Parliament in Bulambuli district have asked government to urgently disburse parish development model [PDM] funds to the beneficiaries who are eager to implement their activities. The legislators said giving…
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Cooperatives & Communities
Lira Taxi Operators Emyooga SACCO on growth path
LIRA-Members of Lira Taxi Operators Emyooga SACCO in Lira City are reaping big from their transportation business and expect to grow as business booms. The SACCO’s business came to life after government…
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Indonesian members pass baton to Indian members to continue engagement in G20 discussions
JAKARTA-Indonesian members a few days ago passed the baton to the Indian members to continue cooperatives’ engagement in the G20 discussions under the Indian G20 Presidency. The meeting was held online under…
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