interest rates
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News
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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News
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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News
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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News
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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News
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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Cooperatives & Communities
MSC to have reference SACCO in every district
HOIMA, October 16, 2023 – Emmanuel Aliba Kiiza, the chairperson for Microfinance Support Centre [ MSC ] has said the government agency will soon launch a reference SACCO in each district of…
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Cooperatives & Communities
Youth in Madi Sub-region shun PDM cash
ADJUMANI– Youth in the Madi Sub-region districts of Adjumani, Moyo, and Obongi, are hesitant to use the funds provided by government under the Parish Development Model [PDM] due to the stringent conditions…
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Cooperatives & Communities
Kwania SACCO improves welfare of teachers
KWANIA – The socio-economic welfare of teachers in Kwania District has improved, thanks to their SACCO, Kwania District Teachers’ Co-operative Savings and Credit Society Limited. Established in 2019 with 61 members and…
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Cooperatives & Communities
Don’t rush to become MDIs, big SACCO told
MBARARA – The chairman Besania SACCO in Mbarara Benson Nduhura has advised thriving SACCOs in western Uganda to transform into multipurpose cooperatives to boost members’ savings instead of hurrying to become microfinance…
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