Today, first Saturday of July, is International Day of Cooperatives. Marked since 1923, cooperators worldwide have been celebrating it for 100 years!  The aim of International Day of Cooperatives is to increase awareness of cooperatives and promote the movement’s ideas of international solidarity, economic efficiency, equality, and world peace. 

Cooperatives have been around for centuries. They can be found all over the world. They are vehicles for sustainable development through job creation; generation of economic activities; enhancement of social protection; and improvement of the voice and representation of vulnerable groups in society. 

  • More than 12% of humanity is part of any of the 3 million cooperatives in the world!
  • 2.6 Million Cooperatives have over 1 Billion memberships and clients.
  • The largest 300 cooperatives and mutuals report a total turnover of 2,146 billion USD, according to the World Cooperative Monitor (2020).
  • Cooperatives contribute to the sustainable economic growth and stable, quality employment, providing jobs or work opportunities to 280 million people across the globe, in other words, 10% of the world’s employed population.

Cooperative Principles

The cooperative principles are guidelines by which cooperatives put their values into practice.

Types of cooperatives

She is Africa is a free, informative website. If you find value in any of my content, please consider making a donation to keep She is Africa running.

If you like this article you might enjoy reading Cooperatives In Africa