Agencies
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International
COOP opens first automatic store in the Czech Republic
PRAGUE – For the first time, customers will be able to do shopping in Czech Republic independently thanks to the first COOP automatic store in the country, located in the small historic…
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International
Rising population anxiety as India overtakes China as world’s most populous nation
NEW YORK-New data reveals population anxieties are widespread and governments are increasingly adopting policies aimed at raising, lowering or maintaining fertility rates. But efforts to influence fertility rates are very often ineffective…
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Africa
Moroccan agricultural cooperative sector, key player in self-employment, says local think tank
RABAT – The Moroccan agricultural cooperative sector is a key player in self-employment and income generation through territorial anchoring, the Policy Center for the New South (PCNS) said recently in a report.…
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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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