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Development Bank Of The Central African States
The Development Bank of the Central African States, usually known for its French initials, BDEAC, is a multilateral development bank that is charged with financing the development of the member states of Economic and Monetary Community of Central Africa (CEMAC). The BDEAC is different from the Bank of the Central African States (BEAC), which is a central bank. History BDEAC was created through an agreement signed in Bangui on December 3, 1975, in Bangui by the heads of state of Cameroon, Central African Republic, Republic of the Congo and Gabon. It started its operations on January 3, 1977. Since 2006, the BDEAC has been actively involved in financing the development of the Pointe-Noire port, and in March 2012, it allocated 130 billion CFA francs for various projects, including two cement plants in Congo and Cameroon and a hospital in Equatorial Guinea. BDEAC significantly bolstered its financial base in July 2014 by increasing its share capital by 250 billion CFA francs to a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multilateral Development Bank
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international organization, international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system. Types Multilateral Development Banks A Multilateral Development Bank (MDB) is a development bank, created by a group of countries, that provides financing, technical assistance and professional advice to enhance international development, development. An MDB has m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Solidarity Fund
The African Solidarity Fund (ASF), also known by its French name and acronym (Fonds de Solidarité Africain, FSA), is a multilateral, financial guarantee institution based in Niamey, Niger. Currently it has 23 member states. The purpose of the ASF is to contribute to the economic and social development of its regional member states by facilitating access to credit for states and public and private enterprises in its area of operation, to finance productive investment projects, and to mobilize local and external savings, in particular by providing loan guarantees on the financial markets. Historic overview The Agreement establishing the African Solidarity Fund was adopted by the National Assembly of France and signed in Paris on 21 December 1976. The purpose of the ASF at that time was to facilitate the economic development of the participating African States - mainly States most disadvantaged by structural factors - by contributing to the financing of investment projects of particul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Africa
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CEMAC
The Economic and Monetary Community of Central Africa, generally referred to by its French acronym CEMAC (for Communauté Économique et Monétaire de l'Afrique Centrale; ), is an organization of states of Central Africa established by Cameroon, Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon to promote economic integration among countries that share a common currency, the Central African CFA franc. There is a strong overlap between CEMAC and Economic Community of Central African States (ECMAS) in the areas of membership and mandates. CEMAC's common institutions include its Council of Heads of State () and Council of Ministers; a Commission in Bangui, Court of Justice in N'Djamena, and Parliament in Malabo; the Bank of Central African States (BEAC) in Yaoundé; the Central African Banking Commission (COBAC) and Central African Financial Market Supervisory Commission (COSUMAF), both in Libreville; and the Development Bank of the Central Af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multilateral Development Banks
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system. Types Multilateral Development Banks A Multilateral Development Bank (MDB) is a development bank, created by a group of countries, that provides financing, technical assistance and professional advice to enhance development. An MDB has many members, including developed donor countries an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Nation (Nigeria)
''The Nation'' is a daily newspaper published in Lagos, Nigeria. According to a 2009 survey it was the second-most-read newspaper in Nigeria, and this result was repeated in a 2011 report by The Advertisers' Association of Nigeria (ADVANS). Overview The paper's website says it stands for freedom, justice and the market economy. Its target audience is the business and political elite, the affluent, the educated and the upwardly mobile. The paper has been accused of spreading fake news stories. In 2024, ''The Economist'' reported that ''The Nation'' had been used a vector to spread Russian disinformation about Olena Zelenska. ''The Nation'' has printing plants in Lagos, Abuja and Port Harcourt. The newspaper covers business and economy, public policies, the democratic process and institutions of democracy, sports, arts and culture. The newspaper became the first of its kind to gain nationwide circulation across the 36 states of Nigeria within two years of operation. This was a r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Export-Import Bank
The Nigerian Export-Import Bank (NEXIM) is an export credit agency in Nigeria, established in 1991. In its function, NEXIM focuses on the development and expansion of the non-oil sectors of the Nigerian economy, with a view to reducing the country's over-reliance on oil exports. Mission The NEXIM mission is to increase the rate of export of non-oil product for both small, medium, and large enterprises in all sectors of the economy by providing funds, risk-bearing programs, and advisory services in line with government trade policy. Location The headquarters of Nexim are located at NEXIM House, Central Business District, Garki, Abuja, Nigeria. Nexim House is bordered by Kur Mohammed Avenue to the north, Ahmadu Bello Way to the east and Constitution Avenue to the south. Its geographical coordinates are: 09°03'44.0"N, 07°29'37.0"E (Latitude: 09.062222; Longitude:07.493611). Overview NEXIM was established in 1991 as a joint venture between the Central Bank of Nigeria (CBN) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jones Day
Jones Day is an American multinational law firm based in Washington, D.C. As of 2023, it is one of the largest law firms in the United States, with 2,302 attorneys, and among the highest-grossing in the world with revenues of $2.5 billion. Founded in 1893, the firm was originally headquartered in Cleveland, Ohio. It has represented over half of the companies in the Fortune 500, including Goldman Sachs, General Motors, McDonald's, and Bridgestone. Jones Day has also represented the campaign of current president Donald Trump. Many attorneys from Jones Day have served as federal officials and judges, including U.S. Supreme Court Justice Antonin Scalia, former White House Counsel Don McGahn, former U.S. Solicitor General Noel Francisco, former Federal Trade Commission chairwoman Deborah Platt Majoras, former United States Attorney for the Northern District of Ohio Justin Herdman, and U.S. court of appeals judges Jeffrey Sutton, Gregory G. Katsas, Timothy B. Dyk, Chad Rea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Afrik
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and profi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
