Profit
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Cooperatives & Communities
MPs want PDM beneficiaries to have more access to banks
KAMPALA, November 23, 2023 – Members of Parliament have called for improved access to banking institutions to enable beneficiaries of the Parish Development Model [PDM] programme to receive funds. The MPs, who…
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International
New Zealand: The Cooperative Bank shares US$ 2.5mln profit with customers
WELLINGTON – The Cooperative Bank recently forked out US$2.5 million in rebates to customers across New Zealand. The Wellington-headquartered bank is 100 percent-owned by its customers, who are shareholders, and is also…
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Eastern
Lack of reliable power supply cripples business for Serere cooperative
SERERE – Due to a lack of reliable power supply, Kamurojo Growers’ Cooperative Society Limited is still grappling with low business activity, a year after the cooperative installed a rice huller to…
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Africa
ITC Supports coffee producers in Liberia through cooperative training
MONROVIA – The International Trade Centre [ITC] in partnership with the Farmers Union Network of Liberia [FUNL], has initiated a week-long training programme focused on the significance of cooperatives for coffee producers.…
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International
CICOPA celebrates International Workers’ Day
BRUSSELS – On May 1, 2023, CICOPA, the International Organisation of Industrial and Service Cooperatives [CICOPA] is celebrating International Workers’ Day, also known as Labour Day. As an organisation that believes in…
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Finance & Banking
Centenary Bank posts 11.4 percent growth as rivals dispute Auditor General on undercapitalisation claims
KAMPALA – Centenary Bank had its gross profit rise by 11.4 percent to Shs 321.2 billion in the year ended December 31, 2022, from Shs 288.5bln posted in 2021, the bank’s managing…
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East Africa
Cooperative Bank of Kenya declares Ksh 5.7bln in dividend to be paid to cooperatives
NAIROBI– Cooperative societies which have a combined 64.5 shareholding in the Cooperative Bank of Kenya are poised to receive dividends amounting to Ksh 5.7 billion. This follows a significant growth in the…
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Cooperatives & Communities
Cassava shortage hits farmers’ cooperatives in Nebbi district
NEBBI-Five-based rural cassava agro–factories that were established in Nebbi district under the Agriculture Cluster Development program [ACDP] have scaled down their operations due to the scarcity of cassava in the district. The Shs…
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Cooperatives & Communities
Ngora cooperative impacting communities through youth-led fish farming project
NGORA– At the beginning, it seemed like it was an ambitious project for the youth of Ngora District Farmers Multipurpose Cooperative Society as they presented their idea of fish farming during the…
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