Tag Archives: Cooperative Bank

Kampala, Uganda | THE INDEPENDENT | Experts have given a cautious view of the proposed revival or re-establishment of the national co-operative bank. Their skepticism mainly stems from the many years that have passed since the collapse of the cooperative bank, virtually more than 30 years ago. Morgan Gyaviira Bonna, …

Kampala, Uganda | THE INDEPENDENT | The dream of reviving the cooperative bank is getting closer to reality as a steering committee is commissioned by the government. The seven-member committee comprising the cooperative leaders and representatives of top SACCOs has been unveiled with the main objective of kick-starting the process …

Kampala, Uganda | THE INDEPENDENT | The State Minister in Charge of Microfinance, Haruna Kyeyune Kasolo is mooting for the establishment of a cooperative bank to save small enterprises the burden of exploitation under the high-interest credit facilities. According to Kasolo, many small and medium sized enterprises are struggling to operate …

Kampala, Uganda | THE INDEPENDENT | Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has recommended that Central Bank officials involved in the sale of loan portfolios for five defunct banks be held personally liable. The banks include International Credit Bank, Greenland Bank, Cooperative Bank, Global Trust Bank …

  Kampala, Uganda | THE INDEPENDENT | The authenticity of agreements transferring assets of the 1964 Cooperative Bank to that incorporated in 1997 under the Company’s Act has been questioned. For the past few weeks, the commissions committee of parliament has been probing how the Cooperative Bank in 1997 was …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda disposed of the Cooperative Bank, which started operations in 1997, the Committee on Statutory Authorities and State Enterprises-COSASE, heard on Thursday. Hannington Wasswa, the Director Commercial Banking in Bank of Uganda disclosed this while responding to a query by COSASE Chairperson, …

Kampala, Uganda | THE INDEPENDENT | The probe into the closure of Cooperative Bank took a twist after the committee investigating the irregular sale of commercial banks resolved to summon the Auditor General John Muwanga to clarify on allegations that there were two cooperative banks. This was after shareholders of …