Economy
-
Cooperatives & Communities
MSC disburses over Shs 600bln to Ugandan enterprises
LIRA– The Microfinance Support Centre [ MSC ] has in a report enumerated its successes and challenges since its inception two decades ago to be a source of cheaper loans for small…
Read More » -
International
British Columbia’s co-op sector gets financial boost from government
The provincial government of British Columbia, Canada, has announced a CA$2 million [about US$ 1.6mln] investment to support the development and growth of co-operatives. The British Columbia Co-operative Association [BCCA] and its…
Read More » -
International
Co‑ops help tackle mental health issues experienced by young people-new report
LONDON– Offering Hope to Future Generations, a new report from trade body Co-operatives UK, finds that mental health, job security, career prospects, a lack of control over working lives, and climate change…
Read More » -
Development
Russia-Ukraine conflict dampens Uganda’s growth prospects-BoU report
KAMPALA– The adverse global economic developments and higher domestic inflation have diminished the prospects for Uganda’s domestic economic growth, according to the Bank of Uganda [BoU] Monetary Policy Report June 2022. “The…
Read More » -
International
ILO okays conclusions on the social and solidarity economy, including cooperatives
GENEVA– The International Labour Organisation [ ILO ] Conclusions on Decent Work and the Social and Solidarity Economy [SSE], explicitly including cooperatives, were approved by the Plenary of the International Labour Conference…
Read More » -
News
Kabarole district approves Shs 27.7bln budget for next financial year
KABAROLE – Kabarole district council has approved a budget of Shs 27.7 billion for the financial year 2022/23, with education taking the biggest share of Shs 8.5bln. The education sector is closely…
Read More » -
Cooperatives & Communities
UAE Ministry of Economy partners with ICA-AP to boost the co-op sector
DUBAI – The Ministry of Economy of the United Arab Emirates days ago signed a co-operation agreement with the International Cooperative Alliance – through the latter’s Asia-Pacific Regional Office [ICA-AP], which aims…
Read More » -
East Africa
Stanbic bank profit up by 12%
KAMPALA – Uganda’s biggest bank by assets Stanbic saw its profit before tax rise up by 12% to Shs 359.6 billion in 2021 from Shs 320.7 billion previously. The lender said in…
Read More »