East Africa
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1.18mln in Kenya halt sacco savings, says regulator
NAIROBI– Business Daily reports that over 1.18 million savers in Kenya last year stopped making monthly contributions to savings and credit cooperative societies [Saccos], suggesting a difficult recovery of the jobs market…
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Enry’s Island Africa enters the Metaverse with powerful first event for African entrepreneurs
NAIROBI-Enry’s Island, the first worldwide distributed platform for startup incubation and acceleration launched Enry’s Island Africa both in-person and in the Metaverse for a powerful, immersive experience. The in-person event, launched days…
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DR Congo’s growth among highest in region amid significant challenges-IMF
WASHINGTON, DC– According to a recently completed annual assessment by International Monetary Fund [IMF] staff, growth in the Democratic Republic of the Congo [ DR Congo] sharply rebounded from 1.7 percent in…
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IMF approves US$1.046bln loan for Tanzania
DODOMA– The International Monetary Fund [IMF] has approved a US$1.046 billion to help the country recover from the effects of Covid-19 pandemic and the Russia-Ukraine war, a statement they issued yesterday said.…
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Rwanda’s best fairtrade coffees recognised
KIGALI– Bwishaza Coffee Cooperative and Abateraninkunga ba sholi were recently announced as the winners of the second edition of the Rwanda Kombe la Dhahabu Fairtrade Coffee Quality Contest. Bwishaza emerged as a…
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DRC finally becomes 7th EAC Partner State after depositing instrument of ratification
ARUSHA– The Democratic Republic of the Congo [ DRC ] finally became a member of the East African Community [EAC] yesterday after depositing the instrument of ratification with the EAC Secretary General…
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Kenya gets €89mln loan to bolster economic recovery
NAIROBI– The African Development Bank [AfDB] Group has approved an €89 million loan to boost the Kenyan government’s economic recovery efforts. The loan will provide funding for the second phase of Kenya’s…
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Robust reforms have revitalized co-operative sector in Kenya- President Kenyatta
NAIROBI-Kenyan President Uhuru Kenyatta has attributed the rapid growth of the cooperative sector in his country to the policy reforms the government has implemented since 2013. The President noted that the reforms…
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US$550,000 project to create 200,000 jobs annually in Rwanda
KIGALI- The Government of Rwanda, in partnership with the African Development Bank’s Fund for African Private Sector Assistance, has launched a two-year project to boost industrial capacity in the country and create…
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Wakenya Pamoja Sacco boosts members’ livelihoods
KENYA– Wakenya Pamoja SACCO, domiciled in Kenya, registered growth in the 2020/21 financial year, with the Board of Directors now seeking to strengthen operations, spur growth, and development to maximise members’ benefits.…
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