Insurance
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International
Chile’s Sermecoop joins ICA as latest member
BRUSSELS – Cooperativa de Servicios [Sermecoop Ltda.] is the latest to join the International Cooperative Alliance [ ICA ], the voice of cooperatives worldwide. According to ICA’s latest statement, Sermecoop, domiciled in…
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Finance & Banking
MPs pass bill to kick start Islamic Banking in Uganda
KAMPALA – The enactment of the Income Tax Amendment Bill No.2 of 2023 has cleared all legal roadblocks to the commencement of Islamic banking products in Uganda. Parliament on Tuesday, 27 June…
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International
ICA welcomes new COOP ELGA from Honduras
LONDON – Cooperativa de Ahorro y Credito ELGA [ COOP ELGA ] from Honduras is the latest member to join the International Cooperative Alliance [ICA]. COOP ELGA was initially set up in…
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Cooperatives & Communities
Bad weather leaves members of Paimol Cooperative Society upset
AGAGO – Members of Paimol Cooperative Society in Agago district have had a setback in their agricultural production, having been affected by the harsh weather last year. They said the late rains…
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Cooperatives & Communities
Teso farmers to grow yellow maize on large scale
SERERE– Farmers in some districts of Teso Sub-region plan to embark on growing yellow maize on the large scale as a measure to boost food security and improve household incomes. The farmers…
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Cooperatives & Communities
Kasese cotton growers attribute poor yields to bad weather
KASESE -Cotton farmers and cooperators in Kasese district have blamed poor yields on bad weather, which they say has also resulted in low incomes. Farmers say heavy rains which went up to…
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Cooperatives & Communities
Museveni warns MPs to keep off Vinci coffee deal
NTUNGAMO – President Yoweri Museveni continues to push for the coffee deal signed between government and Uganda Vinci Coffee Company Limited [UNCCL], despite the project receiving strong criticism from both the public…
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International
ICBA and ICMIF to hold centennial events this year
LONDON-Both the International Cooperative Banking Association [ICBA] and the International Cooperative and Mutual Insurance Federation [ ICMIF ] are holding events this year to mark 100 years of their organisations’ existence. ICMIF,…
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Cooperatives & Communities
Indian 110-year-old Rupee Cooperative Bank liquidated
NEW DELHI-The Reserve Bank of India [RBI] in August announced that it had withdrawn the Pune-based Rupee Cooperative Bank’s banking licence and asked the Registrar of Cooperative Societies to liquidate it. The…
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Cooperatives & Communities
Mwalimu National DT Sacco to sell assets of acquired bank
NAIROBI-According to Kenyan media outlets, Spire Bank, previously Equatorial Commercial Bank [ECB] has faced financial troubles since it was acquired by the Mwalimu National DT Sacco. And now in a bid to…
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