interest
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Cooperatives & Communities
Masindi teachers told to form SACCOs at school level
MASINDI, October 6, 2023 – Sam Peter Ayebale, the Principal Education Officer of Masindi Municipality has challenged teachers in the whole of Masindi district to form Savings and Credit Cooperatives [SACCOs] at the…
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Cooperatives & Communities
Omoro boda boda groups receive Shs 30mln presidential pledge
OMORO – Several boda boda groups in Omoro district have received Shs 30 million pledged by President Yoweri Museveni recently. Museveni made the pledge to support the boda boda cyclists during a…
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Cooperatives & Communities
UMRA cautions money lenders after murder of Asian businessman
KAMPALA – Tier 4 Microfinance institutions and money lenders in Uganda have been advised to be cautious when dealing with borrowers after a police officer shot dead an Asian businessman in Kampala…
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Finance & Banking
Bunyoro farmers challenged to take advantage of ACF
HOIMA – Farmers in Bunyoro Sub-region have been urged to take advantage of the Agriculture Credit Facility [ ACF ] initiated by government to boost commercial farming in the country. Joseph Mutaka,…
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Cooperatives & Communities
Gulu association raids members over failure to pay loans
GULU-Leaders of Gulu Disabled Persons Union [GDPU] have raided members who have failed to meet their loan obligations. The culprits have had their fabrication workshops, and sewing machines taken over by the…
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Cooperatives & Communities
CIDI injects shs40mln in Soroti cooperatives
SOROTI-In a move to boost effective bulk production, value addition, and collective marketing, Community Integrated Initiative Development [ CIDI ] has provided Shs 40 million as seed capital for five farmers’ cooperatives…
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Cooperatives & Communities
Angry Ikwera Sacco members demand for their savings
KWANIA-Leaders of Ikwera SACCO are under pressure after failing to release Shs 114 million savings for its members. The SACCO located in Aduku town council, Kwania District currently has over 1,000 members…
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Cooperatives & Communities
Shs 496mln unused as it remains held in Lira Emyooga SACCO account
LIRA – At least Shs 496 million accumulated as interest under Emyooga programme in Lira district is lying idle in a bank account as some borrowers from the Savings and Credit Cooperative…
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Development
USAID to fund agriculture co-operatives in Uganda
KAMPALA– Some of the agriculture co-operatives in Uganda will be able to access cheap loans enabled by United States Agency for International Development [USAID] / Uganda Strategic Investment Activity (SIA), with co-operators…
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