Regions
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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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Reducing cost of basic foodstuffs in Africa: Govts urged to provide investment incentives
NAIROBI-African countries have been asked to provide investment incentives to businesses operating in the agribusiness, green and blue economy in order to reduce the soaring costs of basic foodstuffs coupled with rising…
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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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AfDB to launch inaugural Africa’s Macro-Economic Performance and Outlook report
The African Development Bank [AfDB] Group will launch the inaugural edition of Africa’s Macro-economic Performance and Outlook [MEO] report on January 19, 2023, at its Abidjan Headquarters, according to Emeka Anuforo, the…
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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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AfDB’s Shs 518mln AgriPitch Competition names 25 finalists
KAMPALA-Twenty-five youth-led agriculture sector companies from 14 African countries have advanced to the finalist round of the African Development Bank Group’s 2022 AgriPitch Competition. The Bank, in collaboration with the implementing lead…
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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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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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