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Ecowas Brown Card Insurance Scheme
The Ecowas Brown Card Insurance Scheme is a motor insurance mechanism designed by ECOWAS to guarantee traffic accident victims a fair and accessible compensation for accidents caused by non-resident motorists traveling through the region. It was created in the wake of the African Continental Free Trade Agreement to ensure that vehicles in transit that engage under the premise of free trade and movement are duly insured as they move within the West African sub-region. Background The Ecowas Brown Card was signed by Heads of States and Governments in the ECOWAS region on 28 May 1982. It was signed in Cotonou, Benin as Protocol A/P1/5/82 to embody on legal, technical and financial basis, the guarantees of motorists transiting through an ECOWAS state. It is issued through insurers to motorists who sign up for a liability insurance policy for driving in their own countries. Accepting Countries These are the ECOWAS member state that issue a brown card with regulation from their resp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ECOWAS
The Economic Community of West African States (ECOWAS; also known as CEDEAO in French and Portuguese) is a regional political and economic union of twelve countries of West Africa. Collectively, the present and former members comprise an area of and have an estimated population of over 424.34 million. Considered one of the pillar regional blocs of the continent-wide African Economic Community (AEC), the stated goal of ECOWAS is to achieve "collective self-sufficiency" for its member states by creating a single large trade bloc by building a full economic and trading union. Additionally, ECOWAS aims to raise living standards and promote economic development. The union was established on 28 May 1975, with the signing of the Treaty of Lagos, with its stated mission to promote economic integration across the region. A revised version of the treaty was agreed and signed on 24 July 1993 in Cotonou, the largest city in Benin. ECOWAS's published principles include equality and int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mali
Mali, officially the Republic of Mali, is a landlocked country in West Africa. It is the List of African countries by area, eighth-largest country in Africa, with an area of over . The country is bordered to the north by Algeria, to the east by Niger, to the northwest by Mauritania, to the south by Burkina Faso and Ivory Coast, and to the west by Guinea and Senegal. The population of Mali is about 23.29 million, 47.19% of which are estimated to be under the age of 15 in 2024. Its Capital city, capital and largest city is Bamako. The country has 13 official languages, of which Bambara language, Bambara is the most commonly spoken. The sovereign state's northern borders reach deep into the middle of the Sahara, Sahara Desert. The country's southern part, where the majority of inhabitants live, is in the Sudanian savanna and has the Niger River, Niger and Senegal River, Senegal rivers running through it. The country's economy centres on agriculture and mining with its most promine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Ghana
} The economy of Ghana has a diverse and rich resource base, including the manufacturing and export of digital technology goods, automotive and ship construction and export, and the export of resources such as hydrocarbons and industrial minerals. Record high Gold price 2023 earned Ghana 15.6 billion $ of exports. The Ghanaian domestic economy in 2012 revolved around services, which accounted for 50% of GDP and employed 28% of the work force. Besides the industrialization associated with minerals and oil, industrial development in Ghana remains basic, often associated with plastics (such as chairs, plastic bags, razors, and pens). 53.6% of Ghana's workforce were employed in agriculture in 2013.Clark, Nancy L. "Agriculture" (and subchapters). A Country Study: Ghana' (La Verle Berry, editor). Library of Congress Federal Research Division (November 1994). ''This article incorporates text from this source, which is in the public domainbr>' Ghana embarked on a currency re-denominatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Ivory Coast
The economy of Ivory Coast is stable and currently growing, in the aftermath of political instability in recent decades. The Ivory Coast's economy is largely market-based and depends heavily on the agricultural sector. Almost 70% of the Ivorian people are engaged in some form of agricultural activity. The economy grew 82% in the 1960s, reaching a peak growth of 360% in the 1970s, but this proved unsustainable and it shrank by 28% in the 1980s and a further 22% in the 1990s. This decline, coupled with high population growth, resulted in a steady fall in living standards. The Measures of national income and output, gross national product per capita, now rising again, was about US$727 in 1996. It was substantially higher two decades before. Real GDP growth is expected to average 6.5% in 2024–25. After several years of lagging performance, the Ivorian economy began a comeback in 1994, due to the devaluation of the CFA franc and improved prices for Cocoa production in Ivory Coast, c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Benin
The economy of Benin remains underdeveloped and dependent on subsistence agriculture and cotton. Cotton accounts for 40% of Benin's GDP and roughly 80% of official export receipts. There is also production of textiles, palm products, and cocoa beans. Maize (corn), beans, rice, peanuts, cashews, pineapples, cassava, yam (vegetable), yams, and other various tubers are grown for local subsistence. Benin began producing a modest quantity of offshore oil in October 1982. Production ceased in recent years but exploration of new sites is ongoing. A modest fishing fleet provides fish and shrimp for local subsistence and export to Europe. Formerly government-owned commercial activities are now privatized. A French brewing, brewer acquired the former state-run brewery. Smaller businesses are privately owned by Beninese citizens, but some firms are foreign owned, primarily French and Lebanon, Lebanese. The private commercial and agricultural sectors remain the principal contributors to gro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance In Nigeria
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
