members
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Development
Kenyan SACCOs urged to develop neobanks
NAIROBI– Savings and Credit Co-operatives [SACCOs] have been urged to turn their institutions into neobanks [online banks without traditional physical branch networks], reports SACCO Review. Cynthia Wandia, the Chief Executive Officer [CEO]…
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International
Wakenya Pamoja Sacco boosts members’ livelihoods
KENYA– Wakenya Pamoja SACCO, domiciled in Kenya, registered growth in the 2020/21 financial year, with the Board of Directors now seeking to strengthen operations, spur growth, and development to maximise members’ benefits.…
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News
Acholi union struggling to revive primary cooperatives
KITGUM – In1960s, farmers, mainly cotton growers from primary cooperative societies, in the original Kitgum district formed a union under their umbrella East Acholi Cooperative Union Limited [EACU]. However, the division of…
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Cooperatives & Communities
Bingwa Sacco membership hits over 215,700
NAIROBI-Kenya’s Co-op News reports that Bingwa Sacco is among co-operative societies serving large numbers of members in the country, pointing to the Deposit-Taking Society’s ability to offer the best customer care that…
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News
ACPCU registers over Shs 1bln profit in FY 2021/22
SHEEMA – Ankole Coffee Producers Cooperative Union [ ACPCU ] located in Kabwohe Town Council, Sheema Municipality earned a profit of Shs 1.15 billion in the financial year [FY] 2021/22 compared to…
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News
ICO unveils new International Coffee Agreement, all stakeholders to have say on the future of coffee
KAMPALA– In a new spirit of collaboration, the International Coffee Organization [ ICO ] has announced its landmark International Coffee Agreement 2022, formally welcoming to the table for the first time in…
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Cooperatives & Communities
Mbarara: RCC urges Emyooga SACCOs on marketing
MBARARA– The Resident City Commissioner [RCC] Mbarara City North, Robert Kanusu has asked leaders Emyooga SACCOs to tap into the available market, if the SACCOs are to grow and boost incomes of…
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Cooperatives & Communities
Banyankole managers arrested over misuse of union funds
MBARARA – Former Banyankole Kweterana Co-operative Union [BKCU] Chairman, Emmanuel Natukunda and his treasurer Andrew Kaggwa were Friday arrested and dragged to police to record statements over the alleged mismanagement of the…
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Cooperatives & Communities
Mbarara City official arrested for stealing salon money
MBARARA– Mbarara City Assistant Commercial Officer Donati Mutaahi and three others have been arrested by the police over the embezzlement of Shs10 million belonging to Emyooga SACCO of salon operators. Mutaahi who…
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Cooperatives & Communities
New cooperative policy: Indian states suggest FDI, age limit for board members
NEW DELHI -Allow foreign direct investment (FDI) in the cooperative sector, particularly in Primary Agricultural Cooperative Societies (PACS) to improve infrastructure; fix an upper age limit of 70 years for board members…
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