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News
Court clears Kotido officials in Emyooga funds mismanagement case
KOTIDO, May 6, 2025 – The high-profile case involving the alleged mismanagement of Emyooga funds in Kotido district has ended in acquittal, after the prosecution failed to present any witnesses or substantive…
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News
Adjumani SACCO acquires tractors as total assets rise to Shs 18bln
ADJUMANI, May 1, 2025 –– Adjumani Town Council Cooperative Savings and Credit Society [SACCO] Ltd. has acquired three tractors valued at Shs 510 million. The purchase was made possible through Islamic financing…
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Cooperatives & Communities
Unlocking cross-border remittances: A new chapter for SACCOs in Kenya
NAIROBI, April 24, 2025: Kenya’s remittance market is growing rapidly, with inflows reaching nearly USD 5 billion in 2024, according to the Central Bank of Kenya [CBK]. However, while Savings and Credit Cooperative…
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News
PDM success in Otuke district attributed to digital system and positive mindset among beneficiaries
OTUKE, April 24, 2025 – The Commercial Officer of Otuke district, Charles Opio, has attributed the successful implementation of the Parish Development Model [PDM] in the district to the effective use of…
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News
Lira Emyooga SACCO appeals for heavy-duty sewing machine
LIRA CITY, April 17, 2025 – The Lira Municipality Tailors’ Emyooga SACCO in Lira City is appealing for support to acquire a heavy-duty sewing machine, citing inefficiencies with the regular machines currently…
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News
Ruwenzori Diocese SACCO posts strong growth in 2024
FORT PORTAL CITY, April 11, 2025 – Ruwenzori Diocese Savings and Credit Cooperative Society Limited [RUDI SACCO], a church-founded financial institution based at Kabarole Hill in Fort Portal City, recorded remarkable financial…
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Cooperatives & Communities
FSD Uganda grants Mushanga SACCO Shs 6.2bln for vulnerable groups
SHEEMA, April 8, 2025 – Mushanga Savings and Credit Cooperative Society Limited or Mushanga SACCO has received a grant of Shs 6.2 billion from Financial Sector Deepening Uganda [FSD] to enable women,…
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News
Hoima Media SACCO launched with boost of Shs 60mln
HOIMA, April 2, 2025 – Journalists in Hoima and Kikuube districts are excited after the official launch of the Hoima Media Savings and Credit Cooperative Society Limited, a SACCO expected to enhance…
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News
PDM: Soroti City set to distribute Shs 1bln in third disbursement of funds
SOROTI CITY, April 1, 2025 – Soroti City is preparing to distribute the third phase of Parish Development Model [PDM] funds this week to the beneficiaries. The PDM is a Government of…
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News
Stanbic Bank to help Okere Shea Cooperative Society join banking system
OTUKE, March 21, 2025 – Stanbic Bank, Lira Branch, has pledged to assist Otuke district’s Okere Shea Cooperative Society Limited members, especially women, to open bank accounts as they work towards improving…
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