Loans
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Cooperatives & Communities
CIDI injects shs40mln in Soroti cooperatives
SOROTI-In a move to boost effective bulk production, value addition, and collective marketing, Community Integrated Initiative Development [ CIDI ] has provided Shs 40 million as seed capital for five farmers’ cooperatives…
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East Africa
‘Non-professional teachers’ can receive loans, says Umwalimu SACCO
KIGALI-According to Kigali Today Press, Rwanda’s Umwalimu SACCO management, has had to cancel its earlier decision to suspend issuing of loans to teachers who do not hold postgraduate certificates in education [PGCE].…
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Africa
AfDB approves US$ 3mln in additional financing for Liberia’s Special Agro-Processing Zone scheme
ABIDJANI – The Board of Directors of the African Development Bank [AfDB]Group has approved an additional $3 million of mixed financing for the Special Agro-Industrial Processing Zone project in Liberia. The financing,…
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Agriculture
Katakwi tomato farmers incur losses as Fusarium wilt attacks gardens
KATAKWI – Tomato farmers in Katakwi district are counting losses following the outbreak of Fusarium wilt disease that is ravaging their tomato gardens. The farmers have been used to good years but…
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Cooperatives & Communities
Shs 200mln Emyooga funds unused as Gulu city groups keep away
GULU– A total of Shs 200 million Emyooga seed capital for five different categories of groups in Gulu city is lying idle in the bank accounts, two years after the launch of…
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Education
Teachers warned over multiple borrowing
NEBBI– Teachers in Nebbi district have been advised to desist from the bad habit of procuring multiple loans if they are to remain strong financially. According to the Inspector of Schools/ Special…
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Development
BCU to arrest members over failure to pay back loans
NAMISINDWA-Bugisu Cooperative Union [ BCU ] chairman Nathan Nandala Mafabi has told cooperative societies members who have failed to pay back the loans acquired from the union that they will be arrested…
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East Africa
Teachers Saccos asked to join major association for operational efficiency
NAIROBI-Kenya Teachers Sacco Association [KETSA] national chairperson, Robert Njue has urged teachers’ Saccos in the country to join the association so that they are able to pool resources together. Njue, who is…
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Development
Credit risk remains high as local banks see 7.1 percent profit growth
KAMPALA-Risks for commercial bank lending in the country remain elevated due to slow credit growth, lingering concerns over asset quality, and high write-offs as banks clean up their loan book of COVID-19…
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Cooperatives & Communities
Kyotera project gathers over 700 SACCOs to raise capital for members
KYOTERA-At least 730 community-based Savings and Credit Society Co-operatives [SACCOs] in Kyotera district have come together under a new arrangement to raise more funds for members as they engage in income-generating activities.…
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