interest rates
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Cooperatives & Communities
Shs 20mln raised as Sheema journalists launch SACCO
SHEEMA, March 30, 2025 – Politicians were among the local community members who thronged Sheema Stadium in Sheema district to witness the launch of a Savings and Credit Cooperative Society [SACCO] aimed…
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Greater Apac Muslim women call for special empowerment grant
APAC, March 3, 2025 – Muslim women in the Greater Apac region have called on government to urgently establish a special empowerment grant to support them in their fight against household poverty.…
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National IDs recovered from money lenders in Mbarara City
MBARARA CITY, February 25, 2025 – Mbarara City Resident City Commissioner [RCC], Catherine Helen Kamwine has recovered around 10 national identity cards that had been confiscated by money lenders operating in the…
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PWDs in Greater Masaka decry limited access to gov’t economic empowerment initiatives
MASAKA, January 22, 2025 – At least 386 members of the Association of Persons with Disabilities Living with HIV/AIDS [ADPHA] in the Greater Masaka districts have raised concerns about their limited access…
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Kenyan SACCOs outshine banks in loan market amidst high interest rates
NAIROBI, December 16, 2024: Kenya’s Savings and Credit Cooperative Organisations [SACCOs] have attracted a growing number of customers seeking more affordable loan options as commercial banks keep charging higher interest rates. Despite…
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Economic activity in Uganda increases as BTI, PMI show positive outlooks
KAMPALA, September 24, 2024 – Economic Activity Economic activity in Uganda continued to increase following a pick-up in consumer demand, which further boosted confidence in business conditions as indicated by the Purchasing…
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President Samia advocates for strong cooperatives in TZ
DODOMA, September 24, 2024 – The President of Tanzania, Dr. Samia Suluhu Hassan, has asked the Ministry of Agriculture to look at the cooperative sector with a unique eye to build strong…
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Hoteliers urge UDB to cut borrowing rate to single digit
KAMPALA, September 16, 2024 – Hoteliers and investors in Uganda’s hospitality sector are calling for a reduction in the borrowing rate charged on loans provided by the Uganda Development Bank [UDB], which…
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Interest rates stable as Uganda’s exports surge to US$ 7.5bln
KAMPALA, September 12, 2024 – Commercial bank lending rates for shilling-denominated credit in Uganda averaged 17.89 percent for the year ending June 2024, a decrease from the 18.56 percent average recorded in…
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Cooperatives & Communities
Kasese health workers form SACCO for financial empowerment
KASESE, November 7, 2023 – Health workers in Kasese district have formed a Savings and Credit Cooperative Organisation [SACCO], saying it will empower them financially. The members said their new SACCO which…
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