Energy
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International
Cogecom’s power generation grows
BRAZILIA – Brazilian distributed generation cooperative Cogecom’s first quarter 2023 power generation grew by more than 150pc from full-year 2022 levels. Cogecom, which focuses on renewable power, generated what it said was…
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Africa
AfDB welcomes Banga’s confirmation as World Bank boss
ABIDJAN– African Development Bank [ AfDB ] President Dr. Akinwumi Adesina has congratulated former MasterCard CEO Ajay Banga for his election as head of the World Bank Group, saying he looks forward…
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News
DINU programme to close next year
The Development Initiative for Northern Uganda [ DINU ], a Euro 150 million programme funded by the European Union [EU] to support interventions in food security, infrastructures and good governance will close…
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Energy & Mining
Gov’t seeks approval of US$ 638 mln to power households
KIRYADONGO-The Ministry of Energy and Mineral Development is pleading with Parliament to approve a US$ 638 million [Shs 2.4 trillion] loan from the World Bank to connect 1,700 households to the national…
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Energy & Mining
WBG announces major initiative to electrify Sub-Saharan Africa
WASHINGTON-The World Bank Group [WBG] has announced an innovative initiative to accelerate the pace of electrification in Sub-Saharan Africa to achieve universal access by 2030. The World Bank, the Multilateral Investment Guarantee…
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International
Currency depreciations risk intensifying global food, energy crises
WASHINGTON-The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already…
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International
Minnesota co-op leads tour for local graduate students
MINNESOTA-The smallest electric cooperative in Minnesota is having an outsized impact in educating college students about the co-op business model and how power is generated and delivered for co-ops in the region.…
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International
MENA economies grow 5.5 percent but benefits are uneven
WASHINGTON-The economies of the Middle East and North Africa [MENA] region are expected to grow by 5.5 percent this year —the fastest rate since 2016—followed by a slowing of growth to 3.5…
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International
World Bank: Russian invasion of Ukraine impedes post-pandemic economic recovery in Europe and Central Asia
WASHINGTON-Russian invasion of Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the…
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Cooperatives & Communities
US co-ops react to passage of Inflation Reduction Act
WASHINGTON DC-Co-operatives in the USA have welcomed the recent adoption of the Inflation Reduction Act by the House of Representatives on 12 August. Passed with 220 votes to 207, the bill aims…
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