Agencies
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Africa
Ethiopia and AfDB Group ink US$ 84.3mln grant agreement to enhance wheat production
ADDIS ABABA – The African Development Bank Group [AfDB] has awarded grant funding totalling US$ 84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide…
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Cooperatives & Communities
How-To Guide: Starting a Housing Cooperative
ONTARIO – Do you or your group of coop housing champions dream of starting a housing cooperative? There is no one-size-fits-all approach to establishing a new coop but this guide outlines some…
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Cooperatives & Communities
Kenya: Top SACCOs named
NAIROBI – Kenya National Police Deposit-Taking [DT] SACCO was picked as the best managed SACCO in the country during the 101st International Day of Cooperatives celebrations, marked as Ushirika Day in Kenya.…
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International
How Brazil’s cooperatives could upset the specialty coffee status quo
BRASIL – Coffee cooperatives in Brazil are a beast like no other. And while many have historically grown commodity-grade coffee, more and more in recent years have shifted to specialty. The fundamental…
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Cooperatives & Communities
New ICA Youth Leadership Exchange Programme aims to empower young cooperators
BRUSSELS – Five young people from Uruguay, Mexico, Ireland, Egypt and Indonesia met in Spain for a Youth Leadership Exchange Programme. The scheme forms part of a 10-day learning journey that will…
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International
US banks downgraded on worsening outlook
NEW YORK – Global ratings firm Moody’s early this week downgraded several mid-sized US banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits,…
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Africa
OCP Foundation backs over 800 cooperatives in Morocco
RABAT – The OCP Foundation has committed to nurturing and guiding over 800 cooperatives in Morocco and other African countries, aligning with its ambition to bolster its ecosystem and stakeholders through social…
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International
Chile’s Sermecoop joins ICA as latest member
BRUSSELS – Cooperativa de Servicios [Sermecoop Ltda.] is the latest to join the International Cooperative Alliance [ ICA ], the voice of cooperatives worldwide. According to ICA’s latest statement, Sermecoop, domiciled in…
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Finance & Banking
World Bank halts new loans to Uganda over anti-LGBTQ law
KAMPALA – The World Bank has announced it will halt new loans to Uganda over the country’s controversial anti-LGBTQ law. The Bank said on Tuesday it would pause project financing pending a…
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Cooperatives & Communities
Kenya: Real estate takes biggest share of SACCO loans
NAIROBI – Land and housing consumed the largest share of loans Kenyan SACCOs issued to their members in 2022, the latest data by SACCO Societies Regulatory Authority [SASRA] shows. According to the…
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