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Cooperatives & Communities
Alebtong VSLAs get Shs 60mln soft loan from Islamic Development Bank
ALEBTONG – Islamic Development Bank has given a Shs 60 million soft loan to four village savings and loans associations [VSLAs] in Alebtong district. The money was provided through Local Economic Growth…
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Cooperatives & Communities
UNATU SACCO to hold AGM next Saturday
KAMPALA – Uganda National Teachers’ Union Cooperative Saving and Credit Society Ltd. [ UNATU SACCO] will hold its annual general meeting [AGM] on Saturday, July 15, 2023. The AGM will take place…
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Cooperatives & Communities
Don’t rush to become MDIs, big SACCO told
MBARARA – The chairman Besania SACCO in Mbarara Benson Nduhura has advised thriving SACCOs in western Uganda to transform into multipurpose cooperatives to boost members’ savings instead of hurrying to become microfinance…
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Cooperatives & Communities
Omoro boda boda groups receive Shs 30mln presidential pledge
OMORO – Several boda boda groups in Omoro district have received Shs 30 million pledged by President Yoweri Museveni recently. Museveni made the pledge to support the boda boda cyclists during a…
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East Africa
Kenya’s Tai SACCO total assets grow to Ksh4.1bln
NAIROBI– Despite a difficult economic environment in the country, Kenya’s Tai SACCO posted an impressive financial performance in the year ended December 31, 2022, posting Ksh 4.1 billion in total assets, its…
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East Africa
Ollin SACCO latest to expand to Nairobi
NAIROBI-Ollin SACCO has opened a new branch in Nairobi City in a move aimed at growing its business and clientele. The SACCO’s new branch expected to give best services to Nairobi residents…
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Cooperatives & Communities
Masindi credit cooperatives warned against depending on donor funds
MASINDI – Credit cooperatives in Masindi district have been warned against dependence on donor funds. The warning was sounded by Monica Tibemanya ,the Masindi Municipality Council commercial officer during the second annual general…
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International
Income tax: Cooperative Credit Societies win legal battle in India
NEW DELHI- In a major relief to Cooperative Credit Societies, the Supreme Court of India has ruled that under Section 80P [2] of the Income Tax Act, the said cooperatives will not…
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Finance & Banking
NSSF launches campaign to recruit more members
MBARARA – The National Social Security Fund [ NSSF ] senior public relations officer, Victory Karamagi says they have launched a campaign aimed at encouraging more employers in the country to register…
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Cooperatives & Communities
Buliisa Rural Enterprise Cooperative wants to be supported with tractors
BULIISA – Members of Buliisa Rural Enterprise Cooperative Society Limited in Buliisa district have appealed to Bunyoro-Kitara Kingdom Prime Minister, Andrew Byakutaga to help link them to organisations that can support them…
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