Agencies
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International
Cogecom’s power generation grows
BRAZILIA – Brazilian distributed generation cooperative Cogecom’s first quarter 2023 power generation grew by more than 150pc from full-year 2022 levels. Cogecom, which focuses on renewable power, generated what it said was…
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International
Income tax: Cooperative Credit Societies win legal battle in India
NEW DELHI- In a major relief to Cooperative Credit Societies, the Supreme Court of India has ruled that under Section 80P [2] of the Income Tax Act, the said cooperatives will not…
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Africa
Ethiopia: Women’s cooperative fund transforms member’s family
ADDIS ABABA – Fantu Alemayehu, a member of a Saving and Credit Cooperative [SACCO] borrowed 3000 birr [US$ 86] three years ago while training in basic business and life skills. Today, she…
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Africa
AfDB welcomes Banga’s confirmation as World Bank boss
ABIDJAN– African Development Bank [ AfDB ] President Dr. Akinwumi Adesina has congratulated former MasterCard CEO Ajay Banga for his election as head of the World Bank Group, saying he looks forward…
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East Africa
Militant group Kills 8 farmers in DRC
BUNIA — Eight farmers were killed early this week in an attack blamed on a militant group targeting three villages in northeast DR Congo, a local official said, local and foreign media sources…
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International
World Bank Group launches ‘Business Ready’ project
WASHINGTON – The World Bank Group has begun work to assess the business and investment climate in up to 180 economies under its flagship Business Ready project—a key instrument of its new strategy to…
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International
Labour Day: Time to prioritise social justice
GENEVA– May 1st is widely known as Labour Day, a day when we celebrate the contribution of workers worldwide. It is a moment for pride, celebration and hope. After three years of…
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Africa
South Africa signs agreement to benefit local cooperatives
JOHANNESBURG-South Africa [SA] has signed an international development cooperation agreement with the German Cooperative Raiffeisen Confederation [GCRC] to benefit local cooperatives, according to the South African Government News Agency. The agreement will…
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International
CICOPA celebrates International Workers’ Day
BRUSSELS – On May 1, 2023, CICOPA, the International Organisation of Industrial and Service Cooperatives [CICOPA] is celebrating International Workers’ Day, also known as Labour Day. As an organisation that believes in…
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East Africa
Boda boda riders urged to form SACCOs
NAIROBI – According to Kenya’s Co-op News, boda boda operators in Nandi County have been asked to form SACCOs to benefit from national and county government empowerment programmes. Nandi Governor, Stephen Sang…
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