Loans
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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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News
Kiryandongo district leaders struggling to recover YLP funds
KIRYANDONGO, February 5, 2024 – Most youth in Kiryandongo district have defaulted on the loans disbursed to them under the Youth Livelihood Programme [YLP] to finance their income generating projects. Launched in…
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Cooperatives & Communities
Masindi Emyooga defaulters given one week ultimatum to pay back loans
MASINDI, January 24, 2024 – Masindi Municipality Emyooga defaulters have been given an ultimatum of one week to clear their debts or else face arrest. The ultimatum was issued days ago by…
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National
BoU, DPF to start paying EFC Uganda depositors next week
KAMPALA, January 24, 2024 – Depositors of EFC Uganda are to be paid by the Bank of Uganda [BoU] and the Deposit Protection Fund of Uganda [DPF] after the lender had its…
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Development
MPs raise concerns over Uganda’s debt burden
KAMPALA, January 13, 2024 – The increasing debt burden facing Uganda continues to bother Members of Parliament on the Budget Committee who have put the Ministry of Finance, Planning and Economic Development…
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Cooperatives & Communities
SACCOs gift members during Christmas
BUSHENYI, January 3, 2024 – Most Savings and Credit Cooperative Organisations [SACCOs] in a campaign dubbed ‘Ekiterekye’ gifted best-performing members on the eve of Christmas celebrations. According to Felix Mugisha, General Manager…
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