Agencies
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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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International
FAO event looks at role of cooperatives in driving responsible sourcing and sustainability-driven trade requirements
ROME – On March 15, the Food and Agricultural Organisation [ FAO ] hosted an online event to explore the key issues related to responsible sourcing and sustainability-driven trade requirements. The session…
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International
NRECA’s 2023 Legislative Conference to take place next month
WASHINGTON, D.C. -Hundreds of electric cooperative leaders will gather at the National Rural Electric Cooperative Association [NRECA]’s 2023 Legislative Conference in Washington, D.C. on April 16-19 to urge Congress to tackle permitting reform, help fix supply…
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International
Canada: Housing coops are getting more affordable, says report
OTTAWA– A recent report comparing housing charges in housing coops housing with rents in similar private market rental buildings was released. It looked at Vancouver, Victoria, Edmonton, Toronto, and Ottawa between 2006…
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International
ICA Board meets in Bulgaria
SOFIA-The President of the Republic of Bulgaria Rumen Radev inaugurated the opening session of the International Cooperative Alliance [ICA] board meeting that took place from March 7-9, 2023 in Sofia. The leaders…
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International
Regulators take over as big Silicon Valley Bank collapses
NEW YORK-US regulators have shut down Silicon Valley Bank [SVB] and taken control of its customer deposits in the largest failure of a US bank 2008 financial crisis. The moves came as…
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Africa
COMESA, partners hold high-level engagement on sidelines of CSW67
NEW YORK -COMESA, the East African Community [EAC] and the Economic Community of West African States [ECOWAS], the three regional economic communities which are jointly implementing the 50 Million African Women Speak…
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International
Brazil’s Unimed chooses HPE GreenLake to drive innovation
BRASIL-Unimed Grande Florianópolis, a branch of Brazil’s largest medical cooperative group recently announced it had chosen the HPE GreenLake edge-to-cloud platform to accelerate innovation and deliver new digital touchpoints and services to…
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