Loan
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Cooperatives & Communities
Emyooga: Apac struggling to recover Shs 50mln from politicians
APAC – Supervisors of Emyooga Programme in Apac Municipality and Apac district are struggling to recover Shs 50 million loaned to different Emyooga SACCOs owned by politicians in the two administrative units.…
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Finance & Banking
MPs approve over Shs 355bln loan for INVITE project
KAMPALA – Government’s request to borrow up to US $96 million [Shs 355.5bln] to finance the Investment for Industrial Transformation and Employment [ INVITE ] project has been okayed by Parliament. The…
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Cooperatives & Communities
Fish vendors reap big through cooperatives
LIRA – Fish vendors especially women are reaping big from the business after getting soft loans from local cooperatives. One of the cooperatives supporting the fish vendors in Lira Main Market is…
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Cooperatives & Communities
Hot debate in parliament over money lender’s death
KAMPALA – The murder of Uttam Bhandari, a city money lender by a police officer, Ivan Wabwire, has stoked debate in parliament on mental health, minimum wage and exorbitant interest rates in…
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Cooperatives & Communities
UMRA cautions money lenders after murder of Asian businessman
KAMPALA – Tier 4 Microfinance institutions and money lenders in Uganda have been advised to be cautious when dealing with borrowers after a police officer shot dead an Asian businessman in Kampala…
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Africa
AfDB approves US$ 147mln in subordinated debt to Mauritius Commercial Bank
ABIDJANI-The African Development Bank [AfDB] has approved US $147 million in subordinated debt to the Mauritius Commercial Bank Ltd [MCB] to enhance its capital base and mobilise loan growth in the renewables,…
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Cooperatives & Communities
WSACCO trains Mbarara SACCOs in financial literacy
MBARARA-The Uganda People’s Defence Force [UPDF] Wazalendo Savings and Credit Cooperative Society [WSACCO] has extended financial literacy training and shared experience with SACCOs in Greater Mbarara districts as one way of giving…
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Cooperatives & Communities
Ikwera SACCO leaders in trouble as Shs 114mln disappears
KWANIA– Police in Kwania district are investigating leaders of Ikwera Savings and Cooperative Society [SACCO] following the mysterious loss of members’ savings worth Shs 114 million. The SACCO leaders are being accused…
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Cooperatives & Communities
Hard work pays: MSC rewards Apac veterans’ SACCO with office equipment
APAC– Apac Municipal Veteran Emyooga SACCO has received office equipment, thanks to Uganda Microfinance Support Center [MSC]. The equipment that includes a computer laptop and a three-in-one printer were donated to the…
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Africa
Botswana: AfDB Group commits US$ 180mln to bolster post-Covid-19 economic recovery
GABORONE-The Board of Directors of the African Development Bank [AfDB] has approved a loan of US$179.66 million to support government of Botswana to restore post-pandemic fiscal stability and economic recovery. The funds…
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