Agencies
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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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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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