East Africa
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Verification Mission to assess Somalia’s readiness to join EAC launched
KAMPALA-The East African Community [EAC] today officially launched the Verification Mission to assess the Federal Republic of Somalia’s readiness to join the Community. The verification team comprising experts from the EAC Partner…
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SACCO members, officials face off over savings
NAIROBI-It took the intervention of the police to calm the ugly situation as Members of B -Smart Sacco Limited in Nairobi City stormed the offices of the Sacco days ago, demanding that…
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NewFortis SACCO members receive dividends
NAIROBI – According to Co-op News, NewFortis SACCO members are to get increased annual earnings for the fiscal year 2022, receiving a total payout of Ksh 795 million as dividends on share…
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Intra-EAC trade hits US$ 10 billion mark
KAMPALA-Intra-regional trade within the East African Community [EAC] is on an upward trajectory, standing at US$ 10.17 billion in September 2022. The intra-EAC trade, accounting for imports and exports in the seven…
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Don’t sell your land recklessly, housing cooperative members told
NAIROBI-Komarock Housing Cooperative Society members in Kenya have been urged to avoid selling their land unnecessarily and instead establish investments on it to secure their future, according to Kenya’s Sacco Review. Speaking…
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Cooperatives lauded as fish production in Rwanda rises
KIGALI-Fish production in Rwanda slightly increased to 43,560 tonnes in 2022 from 41,664 tonnes harvested in 2021, according to the latest report released by the country’s Ministry of Agriculture and Animal Resources…
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We want tax relief, co-ops urge gov’t
NAIROBI-Cooperatives/SACCOs in Kenya are calling for tax relief, saying it would help them compete favourably in the market. According to Gathungu Kahunyo, the vice chairman Githunguri Dairy Co-operative, Saccos pay high taxes,…
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Don’t base your success on dividends -Kenyan SACCOs told
NAIROBI-Professionals in the Kenyan cooperative sector have appealed to their government to regulate dividend payment in SACCO sub-sector, to separate their success from dividends, according to local media outlets in the country.…
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World Bank earmarks US$15mln to enhance digital integration in EAC
ARUSHA-The World Bank has earmarked about US$15 million [about Shs 55.5 billion] to enhance and accelerate regional digital integration efforts across the East African Community [EAC]. The Bank through its Single Digital…
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Bioeconomy strategy to improve food security, says EAC boss
ARUSHA-The Secretary General of the East African Community [EAC], Dr. Peter Mutuku Mathuki has said that the recently approved regional bioeconomy strategy by the EAC Council of Ministers will be a key…
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