Entries by tc

DFCU’s pre-tax profit fall 67.8 percent in 2021

KAMPALA – Business for DFCU was mild last year as the institution’s gross profit curve fell by a hefty 67.8 percent, blamed on rolling lockdowns brought on by the global […]

Bank for dairy farmers; health insurance for co-ops to be launched in India

INDIA– Union Cooperation and Home Minister Amit Shah will inaugurate the mega cooperative event tomorrow April 1, 2022 at Palace Grounds, Bangalore. During the conclave, he will launch the Logo […]

UNDP, KOICA launch construction of three markets in refugee hosting districts

ADJUMANI – The United Nations Development Programme [UNDP] in partnership with the Korean International Cooperation Agency-KOICA launched the construction of markets in each of the three refugee hosting districts in […]

Lira based Indian investor losses sunflower worth Shs100m

LIRA – An Indian investor in Lira City has lost 54 tons of sunflower seeds worth Shs100m to suspected thieves. The grains according to sources, started disappearing in January but […]

Population growth threatening sustainable land use in Teso sub-region

SOROTI – The current population growth is threatening sustainable land use in Teso sub-region. Figures from the National Population Council (NPC), a state agency that advises the government on population […]

Putting Principle Six in action makes co-ops thrive

US -The sixth cooperative principle (Cooperation amongst cooperatives) provides cooperatives a crucial advantage, enabling them to work together on joint projects, lower costs and exchange knowledge. This is the case […]

UMEME sees slight jump in gross profit as it seeks extension of concession beyond 2025

KAMPALA – Uganda’s electricity distributor, UMEME earned some profit in 2021 even as the country was placed under covid-19 lockdown as a way to curtail the fast spread of the […]

Standard Chartered Bank renovates classroom block, plants over 300 trees at Salaama School For the Blind

MUKONO – Over 40 staff of Standard Chartered Bank days ago volunteered in a community initiative at Salaama School For the Blind in Kisoga – Mukono where they renovated a […]

Stanbic bank profit up 12 percent

KAMPALA-Uganda’s biggest bank by assets Stanbic saw its profit before tax rise 12 percent to Shs 359.6 billion in calendar 2021, up from Shs 320.7 bln previously. The lender said […]

Ntoroko cooperators urged to utilise their SACCOs effectively

NTOROKO – The Ntoroko district Chairperson William Kasoro has urged cooperators to utilise their savings and credit cooperative societies (SACCOs) effectively to buy more shares. Kasoro said, most of the […]