Agencies
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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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Africa
AfDB approves US$ 147mln in subordinated debt to Mauritius Commercial Bank
ABIDJANI-The African Development Bank [AfDB] has approved US $147 million in subordinated debt to the Mauritius Commercial Bank Ltd [MCB] to enhance its capital base and mobilise loan growth in the renewables,…
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East Africa
Boresha SACCO told to gear up for Hustler Fund as Tower SACCO gets new director
NAIROBI- Baringo County’s cooperative officer David Maina has advised Boresha SACCO members to organise themselves if they are to benefit from Hustler Fund’s second phase, according to the local media outlets. Maina…
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International
U.S. agency to promote worker voice, labour rights in Brazil, Paraguay
WASHINGTON – The U.S. Department of Labour has announced the award of a US$ 5 million cooperative agreement to the International Laborr Organisation [ILO] to strengthen the capacity of worker and civil…
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East Africa
Kakuzi to pay record Ksh 470mln dividend on higher earnings
NAIROBI-Kenyan agricultural firm Kakuzi Plc is set to pay a record dividend of Ksh 24 per share or a total of Ksh 470.3 million for the year ended December, riding on strong…
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Finance & Banking
Egypt acquires equity in BRICS New Development Bank
CAIRO-One of Africa’s economic powerhouses, Egypt recently took an equity in the BRICS New Development Bank [NDB], weeks after President Abdel-Fattah El-Sisi visited India as a chief guest for the Republic Day…
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East Africa
Cooperative Bank of Kenya declares Ksh 5.7bln in dividend to be paid to cooperatives
NAIROBI– Cooperative societies which have a combined 64.5 shareholding in the Cooperative Bank of Kenya are poised to receive dividends amounting to Ksh 5.7 billion. This follows a significant growth in the…
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International
NCUT creates bank account to help cooperatives affected by earthquakes in Turkey
LONDON – The National Cooperative Union of Turkey [NCUT] has opened a bank account to provide assistance to member cooperatives affected by the recent earthquakes in Turkey. This follows the request of…
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