Regions
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Africa’s coffee exports were 6.8 percent up in November 2022
KAMPALA-Exports of all forms of coffee from Africa increased by 6.8 percent to 1.09 million bags in November 2022 from 1.02mln bags in November 2021, the International Coffee Organisation [ICO] says in…
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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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Over US$1 billion worth of customs bonds executed in the north and central transport corridors
LUSAKA-Over 1,282 Regional Customs Transit Bonds, amounting to US$1 billion have been executed in the northern and central transport corridors in 2022 alone signifying a reduction in cost of transit and transport…
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World Bank earmarks US$15mln to enhance digital integration in EAC
ARUSHA-The World Bank has earmarked about US$15 million [about Shs 55.5 billion] to enhance and accelerate regional digital integration efforts across the East African Community [EAC]. The Bank through its Single Digital…
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Bioeconomy strategy to improve food security, says EAC boss
ARUSHA-The Secretary General of the East African Community [EAC], Dr. Peter Mutuku Mathuki has said that the recently approved regional bioeconomy strategy by the EAC Council of Ministers will be a key…
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New AfDB, WWF study calls for increased investment in Africa’s biodiversity
MONTREAL-The African Development Bank [AfDB] and the Worldwide Fund for Nature [ WWF ], have launched a regional report on the performance of African countries under the Strategic Plan for Biodiversity 2011-2020.…
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Rwanda: IMF approves US$ 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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Botswana: AfDB Group commits US$ 180mln to bolster post-Covid-19 economic recovery
GABORONE-The Board of Directors of the African Development Bank [AfDB] has approved a loan of US$179.66 million to support government of Botswana to restore post-pandemic fiscal stability and economic recovery. The funds…
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