Loans
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News
South Sudanese refugees establish own Sacco
LAMWO– After failing to access loans from commercial banks and other financial institutions, South Sudanese refugees in Lamwo Refugee Settlement have decided to form their own Paluda Farmers’ Sacco to serve them…
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Cooperatives & Communities
Stanbic Bank launches Shs 50 billion fund for Saccos in Northern Uganda
GULU -Stanbic Bank Uganda has launched Shs 50 billion fund in Northern Uganda to support Saccos in the agro-processing as the bank aims to boost the agricultural value chain in the country.…
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News
Pay your loans, top govt officials warn Ugandans
KAMPALA– Ugandans who don’t want to pay back their loans are giving a bad image to the country, top government officials have said. The Finance Ministry Permanent Secretary and Secretary to the…
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News
Shs 100mln support boosts Lira University SACCO
LIRA– Lira University Staff Savings and Credit Cooperation Organisation [SACCO]is fast-growing after receiving financial support of Shs100 million from President Yoweri Museveni. According to Emma Okite, the Dean of Students, the university…
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News
Centenary Bank gross profit surge 33.6 percent
KAMPALA- Centenary Bank earned gross profit of about Shs 288.5 billion in 2021, which was 33.6 percent growth when compared to about Shs 216 bln earned in 2020. The bank’s Managing Director…
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News
Post Bank posts 15.8 percent growth in gross profit
KAMPALA – As Post Bank continues to celebrate the milestone of getting a Tier One License from Bank of Uganda [BoU] to operate as a fully-fledged commercial bank, latest financial statistics show the…
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Development
USAID to fund agriculture co-operatives in Uganda
KAMPALA– Some of the agriculture co-operatives in Uganda will be able to access cheap loans enabled by United States Agency for International Development [USAID] / Uganda Strategic Investment Activity (SIA), with co-operators…
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News
Ntoroko cooperators urged to utilise their SACCOs effectively
NTOROKO – The Ntoroko district Chairperson William Kasoro has urged cooperators to utilise their savings and credit cooperative societies (SACCOs) effectively to buy more shares. Kasoro said, most of the cooperative members…
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Cooperatives & Communities
Local leaders in Rwenzori sub-region performing poorly in Emyooga program SC
KABAROLE: The Microfinance Support Center (MSC), Kabarole Zonal Manager, Emmanuel Mbogha has said, the Rwenzori sub-region local leaders are performing poorly in the Emyooga program. Mbogha said the general recovery of funds is…
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News
Equity Bank Kenya Breaks Silence On DP Ruto’s Loan Allegations
KENYA – It was a dramatic Monday in Kenya when the country’s Deputy President William Ruto was barred from his flight on an unknown mission to Uganda. Kenya’s local media reported that…
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