Loan
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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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News
Lira market vendors protest delayed relocation of street vendors
LIRA– Lira Main Market vendors in Lira City are protesting the delayed reallocation of other vendors operating on the nearby streets, saying they are losing business to their rivals who don’t pay…
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Cooperatives & Communities
‘Christ for You Ministry’ donates to PWD SACCO Karuma
KIRYANDONGO – Members of Persons with Disability SACCO Karuma in Karuma town council, Kiryandongo district on Tuesday received relief items from a group of wedded couples in the area dubbed ‘Christ for…
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Cooperatives & Communities
Top officials of dairy cooperative in trouble over Shs 600mln UDB loan
KIKUUBE-Top officials of Kyangwali Dairy Cooperative Society Limited in Kikuube district are in trouble for allegedly mismanaging Shs 600 million borrowed from the Uganda Development Bank [ UDB ]. Julius Kwesiga and…
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Africa
AfDB extends €63.6mln loan for agro-processing project in Senegal
ABIDJAN– The African Development Bank [AfDB] has approved a loan of €63.6 million to Senegal to implement the Agropole-Centre agro-industrial processing zone project. The Ministry of Industrial Development and Small and Medium…
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