East Africa
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Rwanda: IMF approves US$ 319mln loan to build resilience to climate change
KIGALI-The Executive Board of the International Monetary Fund (IMF) has approved US$ 319 million loan asked by Rwanda under the Resilience and Sustainability Facility [RSF]. According to IMF, Rwanda is the first…
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Kenyan cooperatives outline challenges facing sector
NAIVASHA-Stakeholders that run cooperatives in kenya days ago in Naivasha aired the major challenges facing the sector, saying that urgent attention is needed, according to Sacco Review. They were meeting the Cooperatives…
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Academy launched in Kenya to boost capacity of SACCO staff
NAIROBI-SACCOS in Kenya stand to be managed better with the recent establishment of the African Confederation of Cooperative and Credit Associations [ACCOSCA] Academy in the country. The academy, said to be the…
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Hustlers’ Fund to be accessed through SMS short code
NAIROBI-The Hustlers’ Fund set to be launched in Kenya at the end of this month will not require any official registration, according to Sacco Review reports. Co-operative and Micro, Small, and Medium…
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Qwetu Sacco now has own home
VOI-Qwetu Sacco has turned a new page as an important sector player by launching the new Qwetu Sacco Plaza in the heart of Voi town, a key milestone in their quest to…
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AfDB clears over US$ 20mln for agro-pastoral project in Burundi
BUJUMBURA– The African Development Bank [AfDB] Group days ago greenlighted the award of a US$ 23.26 million grant to Burundi to implement the Agro-Pastoral Entrepreneurship and Professional Development Project for the Youth…
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CS Chelugui outlines agenda for cooperatives sector
NAIROBI-Simon Kiprono Chelugui took over the Cooperatives and Micro, Small and Medium Enterprises [MSME] Ministry early last week, promising to address mismanagement in cooperatives. Chelugui took over from Peter Munya, who was…
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Returned South Sudanese refugees break ground at farm cooperative
JUBA-Working with a purpose, returned South Sudanese refugees hope to grow crops at sufficient scale to lift themselves and their community out of a hand-to-mouth existence of grinding poverty in one of…
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Radical changes in the draft Co-operatives Bill
NAIROBI-Co-operative Societies will soon be allowed to sell and purchase members’ shares and trade capital instruments through a Co-operatives platform if the Cooperatives Bill 2021 is passed. If the Bill is passed…
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‘Non-professional teachers’ can receive loans, says Umwalimu SACCO
KIGALI-According to Kigali Today Press, Rwanda’s Umwalimu SACCO management, has had to cancel its earlier decision to suspend issuing of loans to teachers who do not hold postgraduate certificates in education [PGCE].…
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