Loans
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Cooperatives & Communities
Paa-Apira SACCO transforming livelihoods of members in Northern Uganda
GULU – Farmers in Acholi Sub-region are busy planting maize, rice, sorghum, sim-sim, cassava as the first planting season of the year continues. Notable among the busy farmers are the members of…
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Cooperatives & Communities
2023/2024 budget: Govt earmarks over Shs 1trn for SACCOs
KAMPALA– Government has earmarked Shs 1.177 trillion for various SACCOs in the upcoming 2023/2024 financial year, according to State Minister for Microfinance, Haruna Kasolo. Parliament yesterday approved the Shs 52trn budget for…
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Cooperatives & Communities
Promoter meets Lango cultural leaders over establishment of coop bank
LIRA – A concerned Ugandan Lt. Moses Mugisha Magufuri has held discussions with the leaders of Lango Cultural Foundation in Lira City East Division over the establishment of Agriculture and Cooperative Bank.…
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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…
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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…
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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…
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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’…
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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…
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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.…
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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…
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