Finance
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Cooperatives & Communities
SACCOs urged to invest savings
Savings and Credit Cooperative Organisations (SACCOs) have been urged to invest their savings in order to grow their profits. Gulu City Mayor-Elect, Alfred Okwonga, who was over the weekend speaking to members…
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Cooperatives & Communities
Financial literacy key to cooperatives’ success- Kigumba Principal
Samuel Kyaligonza, the Principal, Kigumba Cooperative College in Kiryandongo district, has advised co-operators from the Bunyoro sub-region to acquire financial literacy training if their cooperatives are to succeed. Kigumba is one of…
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Cooperatives & Communities
Okere Shea Cooperative Society opens a world of possibilities with Shea nut
Besides providing cooking fuel like charcoal and firewood, most locals in Otuke district for a long time did not know of any other uses of the highly-prized shea nut tree. However, through…
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Cooperatives & Communities
Lira district Employees’ SACCO revived after six-year hiatus
The Lira district Employees’ saving and credit cooperative organization (SACCO) has been revived six years after it fell dormant as a result of recurrent challenges. Established in June 2012 with the aims…
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Cooperatives & Communities
Bunyoro Growers’ Cooperative Union bags Shs 2bn compensation cash
Bunyoro Growers’ Cooperative Union Limited has received Shs 2 bn compensation from the government for losses incurred as a result of the NRA liberation war. This was revealed to Philemon Bagada Rugaaju,…
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Cooperatives & Communities
Government injects Shs 1.6bn into Masindi SACCOs
The government has given Shs1.6 bn to 54 SACCOs in Masindi district under the Presidential Cluster Initiative on Wealth and Job Creation (Emyooga). The cash injection was made in fulfillment of a…
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How SACCOs came to dominate Uganda’s Cooperative Movement
As you travel across Uganda, you will not miss a signage with the word “Savings and Credit Cooperative Societies (SACCOs)”. Even businesses that lend money and have nothing to do with formal…
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Cooperatives & Communities
Lango Cooperative Union in battle to recover lost assets
The leadership of Lango Cooperative Union is struggling to repossess its prime assets that were lost to private individuals. Formed in 1952 to promote cotton growing in the greater Lango sub-region, it…
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Cooperatives & Communities
Mbarara Central Market completion extended again
Traders in Mbarara district will again have to wait longer before they can occupy the highly anticipated Mbarara Central Market, after its completion date was extended to January 2021. This is the…
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Cooperatives & Communities
Pakwach: Rising L. Albert waters destroy local businesses
Business owners in Panyimur Town Council, Pakwach district, are in tears over the rising levels of Lake Albert that have submerged several business premises in the area, leading to loss of income…
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