MWANZA, April 14 -- THE Nyanza Cooperative Union (NCU-1984) plans to invest over 25bn/- in the current financial year starting April to implement development projects aimed at strengthening the cooperative and boosting productivity among its members and farmers.

Speaking in Mwanza City, NCU General Manager, Mr Daudi Mwasantaja said the investment will be financed through internal revenues and bank loans ahead of the cotton buying season expected in May. He said NCU has increased its internal revenue to over 1.8bn/- in the current financial year, compared to 1.6bn/- collected in the previous year.

He said the revenue has been generated from various sources, including rental income from the unions buildings and other economic activities....