Agencies
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Development
APCYS 4.0 slated for July 2023
KUALA LUMPUR – The Asia Pacific Cooperative Youth Summit [ APCYS 4.0 will be held in Sabah, Malaysia from 27 – 30 July 2023. APCYS acts as a platform for youth across…
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East Africa
AfDB approves trade finance transaction guarantee facility to Bancobu
BUJUMBURA – The African Development Bank [AfDB] Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi [ Bancobu ], Leveraging Bancobu’s strategic footprint in the East African…
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Finance & Banking
Silicon Valley Bank and the double-edged sword of digital efficiency
LONDON – The collapse of Silicon Valley Bank perfectly exemplifies the dangers of digital finance. During the bank run in March – enabled by the increased speed and efficiency of digital finance…
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East Africa
Imarika Sacco releases impressive financial statement
NAIROBI -Imarika SACCO defied a harsh business environment in 2022 to post growth, according to Kenyan news agencies. The growth was boosted by its asset base, which improved to Ksh 11.66 billion…
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International
General Meeting okays merger of two cooperative banks in India
NEW DELHI– In the Special General Meeting held recently the Cosmos Cooperative Bank Ltd., received approval from members with majority votes for merger of the Sahebrao Deshmukh Sahakari Bank Ltd., and Maratha…
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International
India turns to imports to curb milk crisis as lumpy skin disease hits cattle stock
NEW DELHI-India, the world’s biggest producer of milk, has been forced to import to boost domestic supplies and check the skyrocketing price. Reuters yesterday reported that farmers are wrestling with lumpy skin…
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East Africa
KMRC to provide affordable mortgages through banks, SACCOs
NAIROBI – The Kenya Mortgage Refinance Company [KMRC], a public-private partnership established to provide mortgage liquidity facilities to banks, microfinance institutions, and SACCOs, has made its home loans attractive and affordable. Local…
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International
Forum explores cooperatives and clustering small farmers and fishers for integration in global value chain
MANILA-The Philippine government’s Department of Agriculture [DA] and the French government’s Ministry of Agriculture and Food Sovereignty, along with the Bureau of Exportation and International Partnership, days ago organised the 2nd Philippines-France…
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International
Bill to disqualify co-operators involved in irregularities introduced in India
NEW DELHI– Co-operative Societies (Amendment) Bill 2023 has been introduced in the Indian State of Goa giving power to the Registrar of Cooperative Societies [RCS] to disqualify directors involved in irregularities, according…
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Development
ICA welcomes two new members from India and Norway
LONDON-The International Cooperative Alliance [ICA] posted on its website on Friday it had welcomed two new members in the month of March: ESAF Swasraya Multi-State Agro Cooperative Society Limited [ESMACO] from India…
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