savings
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Cooperatives & Communities
West Nile Teachers’ SACCO grapples with low savings
ARUA-West Nile Teachers’ SACCO is struggling with low savings, which leaders say has hindered the growth of the SACCO that can serve members as desired. SACCO leaders attribute the sharp decline in…
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Cooperatives & Communities
Ikwera SACCO leaders in trouble as Shs 114mln disappears
KWANIA– Police in Kwania district are investigating leaders of Ikwera Savings and Cooperative Society [SACCO] following the mysterious loss of members’ savings worth Shs 114 million. The SACCO leaders are being accused…
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Cooperatives & Communities
Microfinance and Savings Groups Conference kicks off in Kampala
KAMPALA-A two-day hybrid Annual Microfinance and Savings Groups Conference 2022 kicked off on Tuesday at Hotel Africana in Kampala, attracting different players from the private sector, government, academia, civil society, and academia.…
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Cooperatives & Communities
‘Christ for You Ministry’ donates to PWD SACCO Karuma
KIRYANDONGO – Members of Persons with Disability SACCO Karuma in Karuma town council, Kiryandongo district on Tuesday received relief items from a group of wedded couples in the area dubbed ‘Christ for…
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Cooperatives & Communities
Masaka Emyooga beneficiaries laud govt for providing seed capital
MASAKA– Women, journalists and youth leaders of Emyooga SACCOs in Masaka City have praised the government-owned Microfinance Support Centre [MSC], saying the money received as seed capital from the agency to do…
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Cooperatives & Communities
Declare interest to members, SACCOs and VSLAs told
GULU- Just like banks do, managers of SACCOs and Village Savings and Loan Associations [ VSLAs ] should make it a routine to declare the earned interest to members every year as…
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International
ICA welcomes new members in 2022
LONDON-The International Cooperative Alliance [ICA] recently welcomed two members in September: Cooperativa de Ahorro y Crédito CACEENP Limitada from Honduras and Coopérative Centrale d’épargne et de crédit du Kivu [COOCEC-KIVU] from the…
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Cooperatives & Communities
Kyotera project gathers over 700 SACCOs to raise capital for members
KYOTERA-At least 730 community-based Savings and Credit Society Co-operatives [SACCOs] in Kyotera district have come together under a new arrangement to raise more funds for members as they engage in income-generating activities.…
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East Africa
Stima DT Sacco transforming traditional Sacco banking
NAIROBI-According to a recent advertorial, a new path is lighting up for the Sacco sub-sector in Kenya. Product innovation and the deployment of technology have transformed traditional Sacco banking across the country.…
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News
Legislators to have midterm access to pension contributions
KAMPALA-Members of the Parliamentary Pension Scheme are poised to access 20 percent of the money they contributed if President Museveni assents to an amended bill. The Parliamentary Pensions [Amendment] Bill, 2022, introduced…
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