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Finance & Banking
Standard Chartered Bank sets pace with launch of offshore mutual funds
KAMPALA-Standard Chartered Bank Uganda on Monday launched offshore mutual funds product for their clients during a press conference held at Kampala Serena Hotel and presided over by the Bank’s CEO, Sanjay Rughani,…
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Cooperatives & Communities
BoU tasked to explain sale of Cooperative Bank assets
KAMPALA-The Office of the Solicitor General has asked the Bank of Uganda [ BoU ] to explain the process regarding the sale of assets belonging to the defunct Cooperative Bank established in…
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Cooperatives & Communities
MSC boosts Lira City women`s group with cash
LIRA- Can Opwonyowa Womens` Group in Lira City has embarked on recruiting members after receiving financial support from the Microfinance Support Centre [MSC], a government agency mandated to extend affordable micro-credit to…
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Cooperatives & Communities
Mpanga Growers Tea Factory to hold AGM
FORT PORTAL-The Annual General Meeting [AGM] of the shareholders of Mpanga Growers Tea Factory Limited for the year ended December 31, 2021, is to be held on December 8, 2022, according to…
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East Africa
Radical changes in the draft Co-operatives Bill
NAIROBI-Co-operative Societies will soon be allowed to sell and purchase members’ shares and trade capital instruments through a Co-operatives platform if the Cooperatives Bill 2021 is passed. If the Bill is passed…
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Cooperatives & Communities
Mwalimu National DT Sacco to sell assets of acquired bank
NAIROBI-According to Kenyan media outlets, Spire Bank, previously Equatorial Commercial Bank [ECB] has faced financial troubles since it was acquired by the Mwalimu National DT Sacco. And now in a bid to…
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International
Stakeholders urged to support UK co-ops and mutuals bill ahead of its second reading
LONDON-Co-operators in the UK are being urged to voice their support for the Co-operatives, Mutuals and Friendly Societies Bill, which is due for its second reading in the House of Commons next…
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Cooperatives & Communities
Masindi district boss wants sugarcane farmers to form cooperative
MASINDI– Cosmas Byaruhanga, the former Chairperson-Masindi District Sugarcane Out-growers Association [MASGAL], who also doubles as the LC5 Chairperson of the district, wants the association which brings together Masindi district sugar cane farmers…
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Cooperatives & Communities
Uganda Prisons SACCO loan book rise 31% in 2021
KAMPALA – Uganda Prisons Service (UPS) Savings and Credit Cooperative Society [SACCO] saw a growth in loans to members in 2021 as they rose by 31% to Shs 7.3 billion from Shs…
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News
UCL sees rise in revenue, shareholders to be paid dividend
KAMPALA – Uganda Clays Limited (UCL), known for making quality baked clay building products, has reported an increase for the year ended December 31, 2021, as it collected Shs 36.7 billion, which…
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