International
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Co-op Group announces job cuts as inflation bites
MANCHESTER– The Co-op Group is cutting 400 jobs at its Angel Square headquarters in Manchester, United Kingdom, blaming tough trading conditions and rising inflation. The Group, which employs 63,000 people including 4,000 at…
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US electric co-ops to benefit from broadband support
WASHINGTON, DC – The National Rural Electric Cooperative Association [NRECA] has launched a service for electric co-ops that provide broadband or are considering offering it, says Coop News. The NRECA Broadband service is available…
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Fairtrade partnership deploys satellite monitoring tool to combat deforestation in Africa
ACCRA– A project using satellite tech to monitor deforestation and assess environmental vulnerability was launched by Fairtrade International, Fairtrade Africa, and non-profit organisation Earthworm Foundation. According to regional news agencies, the pilot project, which uses…
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Co‑ops help tackle mental health issues experienced by young people-new report
LONDON– Offering Hope to Future Generations, a new report from trade body Co-operatives UK, finds that mental health, job security, career prospects, a lack of control over working lives, and climate change…
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Reserves managers face up to tough investment environment
KAMPALA- Most central bank reserves managers are resigned to a period of higher inflation and lower returns, according to a report published today by the global think tank- Official Monetary and Financial…
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Crédit Agricole to stop financing gas and oil sector
PARIS– French co-operative bank, Crédit Agricole, has announced commitments to move away from oil and gas financing. ‘2025 Ambitions’ sets out a number of short, medium and long-term goals for France’s second…
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Cooperative official urges govt of Nigeria on collaboration
ABUJA– As the world marks 2022 International Cooperative Day today [Saturday], the President of Cooperative Federation of Nigeria [CFN] and International Cooperative Alliance-Africa, Chief Oriyomi Ayeola has called on Federal and state…
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US$550,000 project to create 200,000 jobs annually in Rwanda
KIGALI- The Government of Rwanda, in partnership with the African Development Bank’s Fund for African Private Sector Assistance, has launched a two-year project to boost industrial capacity in the country and create…
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Xcalibur Foundation, MTN Uganda launch sports academy
KAMPALA– Xcalibur Foundation, in collaboration with MTN Uganda, have launched the MTN Naguru Social Sports Academy at Naguru Katali Primary School in Naguru, Kampala. The project targets an initial group of 160…
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Reducing trade costs can help drive sustainable development- FAO report
Rome – A robust and well-integrated global agrifood system can help all countries withstand unprecedented challenges, as evidenced during the COVID-19 pandemic in early 2020 when global agrifood markets proved to be…
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