Loans
-
Cooperatives & Communities
Govt will revive Cooperative Bank, says minister Bahati
KAMPALA– Government is in the initial stages of reviving the Cooperative Bank, according to State Minister for Trade, Industry and Cooperatives, David Bahati. Bahati made the revelation in Kampala on Tuesday during…
Read More » -
International
Income tax: Cooperative Credit Societies win legal battle in India
NEW DELHI- In a major relief to Cooperative Credit Societies, the Supreme Court of India has ruled that under Section 80P [2] of the Income Tax Act, the said cooperatives will not…
Read More » -
Finance & Banking
ACF: Teso farmers call for commercial banks to stick to 12 percent interest rate
SOROTI – Some farmers in Teso Sub-region have asked the Bank of Uganda to ensure that commercial banks stick to the annual 12 percent interest cap for loans taken under the Agricultural…
Read More » -
Cooperatives & Communities
Boda boda association to collect over Shs 280mln
GULU – Gulu West Boda Boda Association expects to collect Shs 288 million from members in the financial years 2023 /2024 and 2024/ 2025. Emmy Ocen, the chairperson of the commercial riders’…
Read More » -
Finance & Banking
Equity Bank Uganda engages media on 2022 financials
KAMPALA -Equity Bank Uganda on Monday held a media engagement in Kampala to discuss the financial performance of 2022, the Africa Recovery and Resilience Plan and its achievements so far, as well…
Read More » -
Cooperatives & Communities
Emyooga SACCOs in Masaka region get extra seed capital of Shs 6bln
MASAKA-About 300 best-performing Emyooya SACCOs in the 22 constituencies that make up the greater Masaka region have received more seed capital of Shs about 6 billion to grow their income generating activities.…
Read More » -
Agriculture
KYOTERA: Farmers count losses as torrential rains hit farms
KYOTERA – About 800 farmers in Kyotera district are counting losses following torrential rains that have destroyed farms including about 300 acres of vanilla in Kiwumulo village in Kasaali Subcounty. The LCI…
Read More » -
Finance & Banking
Centenary Bank posts 11.4 percent growth as rivals dispute Auditor General on undercapitalisation claims
KAMPALA – Centenary Bank had its gross profit rise by 11.4 percent to Shs 321.2 billion in the year ended December 31, 2022, from Shs 288.5bln posted in 2021, the bank’s managing…
Read More » -
East Africa
Tabasamu SACCO storms billionaires’ club
NAIROBI-Tabasamu SACCO has crossed the one billion mark to join the league of billionaire SACCOs in Kenya, according to local news agencies that have reported on the financials of the microfinance institution.…
Read More » -
Cooperatives & Communities
Masindi Teachers’ SACCO share capital grows
MASINDI– The share capital for Masindi Teachers’ SACCCO increased to Shs 65 million in 2022 from Shs 56mln in 2021, according to Joseph Rukundo, the outgoing SACCO chairperson. Rukundo disclosed the share…
Read More »