{"id":28468,"date":"2023-06-16T17:22:28","date_gmt":"2023-06-16T17:22:28","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce"},"modified":"2023-06-16T18:18:47","modified_gmt":"2023-06-16T18:18:47","slug":"the-cooperatives-bank-is-overdue-minister-of-commerce","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce","title":{"rendered":"THE COOPERATIVES BANK IS OVERDUE \u2013 MINISTER OF COMMERCE"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>The Minister of Commerce has pledged that the Ministry will continue to support the National Cooperatives Federation of Eswatini (NCFE) as it arranges to have its own bank.<\/b><\/p>\n

Minister of Commerce, Manqoba Khumalo was speaking when he was announcing the new Board of Directors of the NCFE.<\/p>\n

Minister Khumalo recalled that the plans to establish a bank for cooperatives has been under development for some time, and reminded the cooperatives that the ministry was ready to assist them.<\/p>\n

\u201cThe issue of the cooperatives bank is overdue. If I understand very well from four years ago, the amount of money which circulated among cooperatives in Eswatini was over E3 billion. If you had your own bank, that E3 billion would have doubled by now because the bank would have been giving out loans which then get charged interest which comes back to the members,\u201d said the Minister when pointing out the economic benefits of the cooperatives bank.<\/p>\n

\u201cWhat we want to know as the Ministry is what is stalling progress in establishing the bank, so that we can help with the different stakeholders you need to work with. We will definitely assist you where we can,\u201d added the Minister of Commerce.<\/p>\n

The President of the Eswatini\u2019s umbrella organisation for cooperatives, Sifiso Mhlongo, expanded on some of the other problems they may have.<\/p>\n

\u201cWe would appreciate your help with some of the associations which are agriculture-based here. You find that they have produced their goods but there is no market, whereas we are aware that in other countries like Taiwan, there are often markets for our produce. We would like to establish export partnerships, and the ministry\u2019s support in this regard would be most beneficial to our agricultural cooperatives,\u201d said Mhlongo.<\/p>\n

The Board of Directors comprises 10 members from different cooperative organisations around the country. There is also a supervisory committee of three members.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. The Minister of Commerce has pledged that the Ministry will continue to support the National Cooperatives Federation of Eswatini (NCFE) as it arranges to have its own bank. Minister of Commerce, Manqoba Khumalo was speaking when he was announcing the new Board of Directors of the NCFE. Minister Khumalo recalled that the […]<\/p>\n","protected":false},"author":84,"featured_media":28467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[234,248,249],"class_list":["post-28468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nTHE COOPERATIVES BANK IS OVERDUE \u2013 MINISTER OF COMMERCE - Eswatini<\/title>\n<meta name=\"description\" content=\"The Minister of Commerce has pledged that the Ministry will continue to support the National Cooperatives Federation ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THE COOPERATIVES BANK IS OVERDUE \u2013 MINISTER OF COMMERCE\" \/>\n<meta property=\"og:description\" content=\"The Minister of Commerce has pledged that the Ministry will continue to support the National Cooperatives Federation ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-16T17:22:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-16T18:18:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2023\/06\/sm_1686922711.595524.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"795\" \/>\n\t<meta property=\"og:image:height\" content=\"406\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"THE COOPERATIVES BANK IS OVERDUE \u2013 MINISTER OF COMMERCE\",\"datePublished\":\"2023-06-16T17:22:28+00:00\",\"dateModified\":\"2023-06-16T18:18:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce\"},\"wordCount\":333,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2023\/06\/sm_1686922711.595524.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/the-cooperatives-bank-is-overdue-minister-of-commerce\",\"name\":\"THE COOPERATIVES BANK IS OVERDUE \u2013 MINISTER OF COMMERCE - 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