Loans
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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…
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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.…
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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…
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East Africa
Imarika Sacco releases impressive financial statement
NAIROBI -Imarika SACCO defied a harsh business environment in 2022 to post growth, according to Kenyan news agencies. The growth was boosted by its asset base, which improved to Ksh 11.66 billion…
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Cooperatives & Communities
Loan repayment: Emyooga SACCOs urged to give members more time
ARUA-President Yoweri Museveni has asked Emyooga SACCOs to give their members a grace period of at least two years to pay off their loans. Museveni made the call yesterday in Arua City…
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Cooperatives & Communities
BKCU boss resigns as salary arrears hit Shs 400mln
MBARARA – Banyankole Kweterana Cooperative Union [BKCU] general manager, Julius Tugume has resigned over nonpayment of his emoluments of about Shs 31 million, even though all the staff demand the union salary…
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Cooperatives & Communities
Mushanga SACCO board members re-elected at AGM
SHEEMA – The chairman of Mushanga SACCO, Gilvazio Bafaki alongside other former members of the board was last Saturday unanimously re-elected to serve for the second term of office, which takes four…
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East Africa
KMRC to provide affordable mortgages through banks, SACCOs
NAIROBI – The Kenya Mortgage Refinance Company [KMRC], a public-private partnership established to provide mortgage liquidity facilities to banks, microfinance institutions, and SACCOs, has made its home loans attractive and affordable. Local…
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Finance & Banking
Bunyoro farmers challenged to take advantage of ACF
HOIMA – Farmers in Bunyoro Sub-region have been urged to take advantage of the Agriculture Credit Facility [ ACF ] initiated by government to boost commercial farming in the country. Joseph Mutaka,…
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Cooperatives & Communities
Mbarara grape cooperative holds first AGM, members urged on loan payment
MBARARA – Mbarara City Woman Member of Parliament, Rita Atukwasa Bwahika, has challenged cooperative members to always repay their loans on time. While attending Mbarara Grape Farmers Cooperative Society’s elective annual general…
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