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Cooperatives & Communities
Aduku Road Gangs SACCO gets new leaders
KWANIA– Members of Aduku Town Council Road Gangs SACCO have elected new leaders who will hold office for the next five years. Established in 2021 with 74 members, the SACCO comprises casual…
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Cooperatives & Communities
Masindi credit cooperatives warned against depending on donor funds
MASINDI – Credit cooperatives in Masindi district have been warned against dependence on donor funds. The warning was sounded by Monica Tibemanya ,the Masindi Municipality Council commercial officer during the second annual general…
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Cooperatives & Communities
Koboko United SACCO installs new board
KOBOKO – Koboko United SACCO Limited has appointed new members of the board into office and the team is expected to steer the SACCO to prosperity. The SACCO founded by the late…
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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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