Loans
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Cooperatives & Communities
CBS PEWOSA Nsindika Njake SACCO goes digital
KAMPALA – With over 40,000 members, CBS PEWOSA Nsindika Njake Sacco has taken on a brave step to digitise its operations to serve its members better. The Mengo-based Sacco with subscribers coming…
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International
Co-op housing units in Canada get c$13mln for repairs
QUEBEC-The federal and Nova Scotia governments are splitting the tab on c$13 million [Shs 39 billion] in renovations for co-op housing units around the province, reports Canadian Broadcasting Corporation [CBC]. The work…
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Cooperatives & Communities
MSC disburses over Shs 600bln to Ugandan enterprises
LIRA– The Microfinance Support Centre [ MSC ] has in a report enumerated its successes and challenges since its inception two decades ago to be a source of cheaper loans for small…
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Cooperatives & Communities
Angry Ikwera Sacco members demand for their savings
KWANIA-Leaders of Ikwera SACCO are under pressure after failing to release Shs 114 million savings for its members. The SACCO located in Aduku town council, Kwania District currently has over 1,000 members…
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Cooperatives & Communities
MSC advises Emyooga groups to build culture of saving
LIRA– The Uganda Microfinance Support Centre [MSC] has called upon Emyooga groups in Lango and Acholi sub-regions to develop a culture of saving and paying back their loans. According to Mable Nabadda,…
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Cooperatives & Communities
Don’t meddle in our affairs, Sacco members warn politicians
NAIROBI-Members of Ekeza Sacco have warned Kenyan politicians to keep off their affairs after the government permitted the Sacco to resume normal operations, Sacco Review reports. The members blamed a section of…
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Cooperatives & Communities
FSD Africa, Rabobank to fund African small-scale farmers with loans for carbon credits
NAIROBI– Financial Sector Deepening Africa [FSD Africa] and Rabobank ACORN / Rabo Foundation have launched their collaboration in helping 3,000-5, 000 small-scale farmers with their transition to agroforestry, a sustainable and climate…
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Finance & Banking
Standard Chartered reports record US$ 581mln operating profits in Africa and Middle East
DUBAI-Standard Chartered PLC [the Group], with operations in Uganda, has released its financial results for the first half of the year ending 30 June 2022, earning good profits. In the Africa and…
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Cooperatives & Communities
Kitgum farmers urged to return to gardens after suffering losses
KITGUM– Famers under East Acholi Cooperative Union [WACU] in Kitgum district have been advised to prepare for the second season after their crop gardens were hit by an unexpected drought in the…
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News
Banks post 26.9 percent profit as sector remains resilient to potential shocks
KAMPALA– Year on year, commercial banks’ aggregate net profits after tax (NPAT) increased by 26.9 percent to Shs 1,073.9 billion in the year ending December 2021 from Shs 846.2bln in the previous…
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