Investment
-
News
DFCU’s pre-tax profits fall by 67.8% in 2021
KAMPALA – Business for DFCU was mild last year as the institution’s gross profits curve fell by a hefty 67.8%, blamed on rolling lockdowns brought on by the global pandemic. In a…
Read More » -
Agriculture
Bank for dairy farmers, health insurance for cooperatives to be launched in India
INDIA– Union Cooperation and Home Minister Amit Shah will inaugurate the mega cooperative event tomorrow April 1, 2022 at Palace Grounds, Bangalore in India. During the conclave, he will launch the logo…
Read More » -
Northern
UNDP, KOICA launch construction of three markets in refugee hosting districts
ADJUMANI – The United Nations Development Programme [UNDP] in partnership with the Korean International Cooperation Agency-KOICA launched the construction of markets in each of the three refugee hosting districts in Northern Uganda. The…
Read More » -
News
Lira based Indian investor losses sunflower worth Shs100m
LIRA – An Indian investor in Lira City has lost 54 tons of sunflower seeds worth Shs100m to suspected thieves. The grains according to sources, started disappearing in January but the proprietor…
Read More » -
News
UMEME sees slight jump in gross profit as it seeks extension of concession beyond 2025
KAMPALA – Uganda’s electricity distributor, UMEME earned some profit in 2021 even as the country was placed under covid-19 lockdown as a way to curtail the fast spread of the deadly virus…
Read More » -
East Africa
Stanbic bank profit up by 12%
KAMPALA – Uganda’s biggest bank by assets Stanbic saw its profit before tax rise up by 12% to Shs 359.6 billion in 2021 from Shs 320.7 billion previously. The lender said in…
Read More » -
News
Ntoroko cooperators urged to utilise their SACCOs effectively
NTOROKO – The Ntoroko district Chairperson William Kasoro has urged cooperators to utilise their savings and credit cooperative societies (SACCOs) effectively to buy more shares. Kasoro said, most of the cooperative members…
Read More » -
Cooperatives & Communities
Don’t Expand Too Fast, SACCOs Warned
MBARARA – Rubindi Parish Priest Rev Fr. Felix Bikwasizehi, patron of Rubindi Farmers’ SACCO has warned cooperative societies not to expand their footprint too quickly. Forming new branches too quickly, he said,…
Read More » -
Cooperatives & Communities
SACCOs urged to invest savings
Savings and Credit Cooperative Organisations (SACCOs) have been urged to invest their savings in order to grow their profits. Gulu City Mayor-Elect, Alfred Okwonga, who was over the weekend speaking to members…
Read More » -
Cooperatives & Communities
Mbarara industrial park nears completion, locals tipped to utilize the modern facility
As Mbarara City and its neighboring districts warm up to receive a state-of-the-art industrial park, locals have been tipped to make the most of the soon-to-be-completed facility to improve their economic fortunes.…
Read More »