Africa
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Zambia: NAZ SACCO to safeguard interests of members
NAIROBI– Leaders of the National Assembly of Zambia Savings and Credit Cooperative [ NAZ SACCO ] were urged to prioritise and safeguard members’ interests as it seeks to enhance its services, as…
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Ethiopia: Women’s cooperative fund transforms member’s family
ADDIS ABABA – Fantu Alemayehu, a member of a Saving and Credit Cooperative [SACCO] borrowed 3000 birr [US$ 86] three years ago while training in basic business and life skills. Today, she…
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AfDB welcomes Banga’s confirmation as World Bank boss
ABIDJAN– African Development Bank [ AfDB ] President Dr. Akinwumi Adesina has congratulated former MasterCard CEO Ajay Banga for his election as head of the World Bank Group, saying he looks forward…
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Nairobi ready to host 10th TCAMCCO this month
KAMPALA-The 10th Technical Committee of the Africa Ministerial Cooperative Conference [ TCAMCCO ] will be held in Nairobi, Kenya, from May 22-24, 2023, according to International Cooperative Alliance Africa [ICA-Africa], a Region…
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South Africa signs agreement to benefit local cooperatives
JOHANNESBURG-South Africa [SA] has signed an international development cooperation agreement with the German Cooperative Raiffeisen Confederation [GCRC] to benefit local cooperatives, according to the South African Government News Agency. The agreement will…
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Moroccan agricultural cooperative sector, key player in self-employment, says local think tank
RABAT – The Moroccan agricultural cooperative sector is a key player in self-employment and income generation through territorial anchoring, the Policy Center for the New South (PCNS) said recently in a report.…
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Africa’s growth remains low, says World Bank report
KAMPALA-Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, a World…
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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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Nigeria Police Cooperative Society accused of fraud
LAGOS -Some police personnel late last year accused the leadership of the Nigeria Police Cooperative Multipurpose Society Limited of fraud, according to Sahara Reporters. Records show Nigeria Police cooperative, which is under…
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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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