Loans
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Cooperatives & Communities
FSD Uganda boss urges SACCO members to pay loans in time
MBARARA, March 25, 2024 – Members subscribing to different Savings and Credit Cooperatives Organisations [SACCOs] in the country have been advised to pay their loans if the financial cooperatives are to grow…
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Cooperatives & Communities
WSACCO opens 10th branch in Fort Portal City
FORT PORTAL CITY, March 19, 2024 – In a bid to bring services closer to its members, Wazalendo Savings and Cooperative Society Limited [ WSACCO ] has opened its 10th cash branch…
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News
Private sector credit dropped 0.7 percent in January 2024
KAMPALA, March 19, 2024 – The stock of outstanding private sector credit in Uganda reduced by 0.7 percent to Shs 21.54 trillion in January 2024, from Shs 21.70trn in December,2023, mainly explained…
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News
BoU warns banks over slow disbursement of ACF and SBRF loans
MBARARA CITY, March 18, 2024 – The Bank of Uganda [BoU] has asked commercial banks in the country to increase the speed at which they are disbursing loans under the Agricultural Credit…
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Cooperatives & Communities
Minister urges fishermen and boda boda riders on value of SACCOs
SERERE, March 12, 2024 – As the country’s hard economy bites, the State Minister for Fisheries, Hellen Adoa has advised boda boda riders and fishermen in Serere district to form or join…
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Cooperatives & Communities
Kenyan SACCOs struggling to recover loans, says regulator
NAIROBI, March 5, 2024 – Savings and Credit Co-operative Organisations [SACCOs] in Kenya are owed Ksh 2.7 billion by various government agencies and private companies that approached the financial cooperatives for the…
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Cooperatives & Communities
VSLAs are powerful tool for economic empowerment-MP Opolot
SERERE, February 28, 2024 – The Member of Parliament for Pingire County in Serere district, Fred Opolot has launched a scheme aimed at supporting Village Savings and Loans Associations [VSLAs] with seed…
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Cooperatives & Communities
Diocese of Lango Clergy SACCO in need of tractor
Lira City, February 23, 2024 – The Diocese of Lango Clergy SACCO has appealed to government to support them with a tractor, saying it would help members to engage in commercial farming.…
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News
YLP funds in Lira City to go to active groups only
LIRA CITY, February 22, 2024 – In a bid to ease the recovery of funds, Lira City Community Development Office plans to only disburse the money provided by the Youth Livelihood Programme…
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News
Uganda’s economy continued its recovery from multiple external shocks, despite turbulent global environment-report
KAMPALA, February 6, 2024 – Uganda’s real gross domestic product [GDP] growth rate rose from 4.6 percent in the financial year 2022 to 5.2 percent in FY20231, but domestic challenges persist, and…
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