Real estate
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Cooperatives & Communities
Investor Patel acquires 1.29 stake in Co-operative Bank of Kenya
NAIROBI, January 22, 2024 – Kenyan tycoon Baloobhai Patel has acquired a 1.29 percent stake in Co-operative Bank of Kenya after buying an extra 20.5 million shares worth Ksh 232mln. Patel, whose…
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Cooperatives & Communities
Form Cooperatives to avoid exploitation, Kenyan envoy advises Lira farmers
LIRA, September 18, 2023 – Farmers in Lira district have been advised to form cooperatives so that they can have strong bargaining power when negotiating prices for their produce. The advice was…
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Sports
WSACCO donates to UPDF sports teams
MBARARA – Wazalendo Savings and Credit Cooperative Society [WSACCO] has donated sports uniforms and balls to 19 football teams and 12 netball teams that are participating in the 15th edition of the…
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National
Private sector credit declined 0.2 percent in June 2023
KAMPALA – The total value of private sector credit [PSC] approved in June 2023 for disbursement by local commercial banks declined by 0.2 percent to about Shs 1.2 trillion, from about Shs…
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Finance & Banking
Commercial banks continue to raise lending rates
In line with the tight monetary policy stance, lending rates in Uganda have exhibited an upward trend with commercial banks raising their prime lending rates by one percentage point on average, according…
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Cooperatives & Communities
The end of China’s runaway growth
Decades of double-digit growth have produced five problems that Chinese leader Xi Jinping hopes to correct with his “New Development Concept.” Will it work? CHINA – Two weeks ago, the concourse outside…
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