International
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Africa and the Caribbean to firm cooperation via regional development banks
KAMPALA– Economic ties between Africa and the Caribbean took a strong upward turn this week as the regions’ premier financial institutions—the African Development Bank [AfDB] and the Caribbean Development Bank—came together to…
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New solar collection sees New Mexico electric co-op offer 100 percent daytime clean power
US-Kit Carson Electric Cooperative, based in New Mexico, says it is now able to supply 100 percent of its daytime summer energy from solar power. The co-op, in partnership with Guzman Energy, completed…
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African regulators and utilities meet over the 2022 Electricity Regulatory Index
NAIROBI– The African Development Bank [ AfDB ] recently held a two-day workshop for electricity sector regulators and utilities on its annual flagship report, the Electricity Regulatory Index for Africa [ERI]. The…
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WHO warns Africa experiences shortage of donor blood requirements
KAMPALA– The World Health Organisation [ WHO ] has lamented the African region’s disproportionate number of conditions requiring donor blood, compared to other regions globally, as it impacts as many as seven million…
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ILO okays conclusions on the social and solidarity economy, including cooperatives
GENEVA– The International Labour Organisation [ ILO ] Conclusions on Decent Work and the Social and Solidarity Economy [SSE], explicitly including cooperatives, were approved by the Plenary of the International Labour Conference…
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Power consumers in Brazil turn to cooperatives
SAO PAUL – The high power costs and bundled rules for pricing and surcharges in Brazil are making small and medium consumers turn to a new type of distributed generation from cooperatives.…
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Stagflation risk rises amid sharp slowdown in growth
WASHINGTON– Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble…
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Indian bank penalised for upgrading loan accounts without recovery
NEW DELHI– According to several Indian news outlets, Bassen Catholic Cooperative Bank [UCB], Vasai is regretting why it did not adhere to the recently issued directives governing accounting processes. This is after…
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Kenyan regulator cuts levy for new Saccos
NAIROBI– Kenyan Sacco Societies Regulatory Authority [ Sasra ], has cut the proposed annual fees for SACCOs with non-withdrawable deposits to 0.15 percent from 0.165 percent as earlier proposed. The reduction follows…
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Casablanca: Theater of dreams for 2021-22 TotalEnergies Champions League final
CASABLANCA– Casablanca, which will host the 2022 TotalEnergies CAF Champions League final on Monday night is one of Morocco’s major cities, the economic capital of the Kingdom and the third largest city…
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