The Cooperator News

New Zealand’s Co-operative Bank to pay US$ 1.4 million penalty over monitoring failures

SYDNEY, June 4, 2026 — The Reserve Bank of New Zealand [RBNZ] has filed civil proceedings in the Wellington High Court against the country’s Co-operative Bank over three breaches of core requirements…

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Transforming Lives in Western Uganda: The Rise of Kyamuhunga People’s SACCO from Humble Beginnings to a Multi-Billion-Shilling Enterprise

BUSHENYI, June 4, 2026 – Over the past 26 years, Kyamuhunga People’s Savings and Credit Cooperative Society [KYAPS] Limited has evolved from a grassroots community initiative into a formidable financial institution, transforming…

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Cooperatives Urge ILO to Tackle Platform Worker Exploitation and Gender Inequality

BRUSSELS, June 4, 2026 — The global cooperative movement has called on the International Labour Organization [ILO] to take decisive action to address worker exploitation in the platform economy and persistent gender…

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EBRD forecasts slower growth in Sub-Saharan Africa in 2026

KAMPALA, June 4, 2026 — Economic growth across the European Bank for Reconstruction and Development’s [ EBRD ] Sub-Saharan Africa [SSA] economies is forecast to slow to 4.7 per cent in 2026…

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BoU caps over-the-counter cash withdrawals in push for digital payments

KAMPALA, June 3, 2026 — The Bank of Uganda [BoU] has announced new limits on over-the-counter cash withdrawals as part of a broader strategy to accelerate the country’s transition to digital financial…

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Rugby Africa boss to Join Panel on Sport as a Driver of African Industrialisation at the 33rd Afreximbank Annual Meetings

KAMPALA, June 3, 2026 — Rugby Africa, the governing body for rugby across the continent, says its President, Herbert Mensah, will participate in the 33rd African Export-Import Bank [Afreximbank] Annual Meetings [AAM],…

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Kapchorwa District Council approves Shs 32bln budget for FY 2026/2027

KAPCHORWA, June 3, 2026 — Kapchorwa District Council has officially approved a Shs 32 billion budget for the financial year [FY] 2026/2027, which begins on July 1, 2026. The budget was passed…

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Bushenyi-Ishaka Municipality local revenue hits Shs 1.2bln after SEATINI intervention

BUSHENYI, June 3, 2026 – Through a targeted intervention by the Southern and Eastern Africa Trade Information and Negotiations Institute [SEATINI] Uganda, Bushenyi-Ishaka Municipality has reversed years of stagnant local revenue collection,…

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AM2026: AfDB and ASSA seal strategic partnership to mobilise domestic capital for social protection systems

BRAZZAVILLE, June 3, 2026 — The African Development Bank [AfDB] and the Africa Social Security Association [ASSA] have signed a letter of intent to strengthen collaboration on  Africa’s long-term development financing priorities,…

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Africa’s top 10 economies are worth more than US$ 2.46trn combined

KAMPALA, June 2, 2026 — The combined Gross Domestic Product [GDP] of Africa’s 10 largest economies is projected to reach approximately US$ 2.46 trillion in 2026, according to the latest estimates released…

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