International
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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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India marching toward an era of co-op villages- Prime Minister Modi
NEW DELHI– The Indian Cooperative reports that, while addressing co-operators on the theme of ‘Sahakar Se Samriddhi’ [‘Prosperity through cooperation’] at Mahatma Mandir, in Gandhinagar on Saturday, Prime Minister Narendra Modi said…
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Candidates announced for the 2022 ICA elections
SEVILLA-A list of 22 candidates for the International Cooperative Alliance [ICA] Presidency and Board of Directors has been confirmed for the elections that will take place at the ICA General Assembly, which…
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BoU’s Atingi-Ego shines as women steal show at the African Banker Awards 2022
KAMPALA-Last night the 16th edition of the African Banker Awards Gala Ceremony took place at the Kempinski Hotel, in Accra, Ghana. The event was held under the High Patronage of the African…
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UAE Ministry of Economy partners with ICA-AP to boost the co-op sector
DUBAI – The Ministry of Economy of the United Arab Emirates days ago signed a co-operation agreement with the International Cooperative Alliance – through the latter’s Asia-Pacific Regional Office [ICA-AP], which aims…
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Kenya to host first Africa coffee summit this week
NAIROBI– Kenya will host the first G25 African Coffee Summit from May 25-27, 2022. The country was granted the opportunity during the Inter African Coffee Organization [IACO] 61st Annual General Assembly which…
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Credit unions more likely to improve financial wellbeing of members, survey dicovers
NEW YORK– A recent survey of US voters by the Credit Union National Association [CUNA] found that the sector returns billions of dollars to the members of unions and communities. Credit union…
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