Finance
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East Africa
Gulu bodabodas defy COVID-19 ban on passenger transport, blame ‘hunger’
Members of Gulu City Boda Boda Association have resumed carrying passengers, in total disregard of the ongoing moratorium against them, citing ‘hunger’. When instituting the lockdown in late March, President Yoweri Museveni…
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Low savings alarm Kasese women’s SACCO
Leaders of NRM Ambassadors Women Group, a prominent SACCO in Kasese district, have expressed dismay at the dramatic drop in members’ savings in recent months. The group brings together women engaged in…
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Lucrative secret trade threatens donkey populations in Karamoja, Turkana
Leaders of Turkana County Assembly in Kenya have appealed to the government of Uganda to stop the ongoing booming trade of donkeys between the neighbouring Karimojong and Turkana pastoralists’ communities. The call…
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Cooperatives & Communities
Masaka Pig Farmers Cooperative targets increased production
The Masaka District Farmers Association (MADFA) has undertaken a vigorous campaign to promote piggery enterprises in order to boost local production. Charles Ssekyondwa, the Chairperson, Greater Masaka Pig Farmers Cooperative Union Limited, says…
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Kabarole SACCO management alarmed as loan recovery drops to 20 percent
The management of Kihondo Savings and credit cooperative society (SACCO) in Kabarole district has expressed concern about the declining loan recovery rate within just four months of lockdown. Kihondo SACCO, one of…
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Cooperatives & Communities
Gulu dairy farmers change strategy in response to low milk demand
Dairy farmers in Gulu are reconsidering changing their business plan to adjust to emerging market conditions, following a crash in milk demand amid the Covid-19-related strictures during the past three months. When…
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Cooperatives & Communities
Farmers advised against buying seedlings from open markets
Farmers in Sebei region in the eastern Uganda have been advised not to buy seedlings from companies that have not signed a Memorandum of Understanding with the Sebei Elgon cooperative. The call…
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Cooperatives & Communities
Cooperatives urged to lead climate change fight
Last Saturday, cooperators the world over commemorated the International Cooperatives day under theme Cooperatives for Climate Action. This year’s celebrations were overshadowed by anxiety over the ongoing COVID-19 pandemic, resulting in many…
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Cooperatives & Communities
BoU to battle Sudhir in Supreme Court
The Governor Bank of Uganda (BoU), Prof. Emmanuel Tumusiime-Mutebile, has revealed that BoU will challenge the Court of Appeal’s dismissal of the case filed by Crane Bank Limited (in Receivership) against businessman,…
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Cooperatives & Communities
Cente Group announces corporate reorganization, seeks to diversify offerings
Centenary Rural Development Group Ltd, popularly known as “Cente Group”, has announced the completion of a corporate restructuring that will, among other changes, see its banking operation run under a “banking subsidiary”…
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