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Energy Bank
Energy Bank Sao Tome e Principe, also referred to as Energy Bank STP, but commonly known as Energy Bank, is a commercial bank in Sao Tome. It is one of the eight commercial banks licensed by the Central Bank of São Tomé and Príncipe, the country's banking regulator. , Energy Bank is a small financial services provider in Sao Tome. The bank's total assets are estimated at US$10 million. The shareholders' equity is estimated at US$6.8 million. History Energy Bank Sao Tome & Principe (STP), commenced operation as Oceanic Bank (STP) on 14 July 2008. Its second branch, in the proximity of the main market was opened on 11 May 2010. A one hundred percent acquisition of the bank was done by Global Fleet (United Kingdom), under the leadership of Dr. Jimoh Ibrahim, OFR - Chairman, which transaction transferred ownership and control of Oceanic Bank in June, 2011. Ownership The shares of stock of Energy Bank are privately owned. The major shareholders in the bank are (a) the ''Global Fle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Fleet Group
The Global Fleet Group is a large diversified conglomerate in West Africa. Overview The Global Fleet Group is a business conglomerate, that is headquartered in Lagos, Nigeria, with interests across a range of sectors in Africa. Current interests include oil and gas, airlines, magazines, insurance, hotels, resorts, real estate, petrol stations, manufacturing and banking. In the financial services sector, the Group owns 100% the shareholding in Energy Bank of Ghana and the former Oceanic Bank of São Tomé. Subsidiary companies The Global Fleet Group includes the following subsidiaries, among others: # Air Nigeria - Lagos, Nigeria - Formerly Virgin Nigeria # Nicon Insurance - |
Economy Of Sao Tome
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, mone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sao Tome E Principe
SAO or Sao may refer to: Places * Sao civilisation, in Middle Africa from 6th century BC to 16th century AD * Sao, a town in Boussé Department, Burkina Faso * Serb Autonomous Regions (''Srpska autonomna oblast'', SAO), during the breakup of Yugoslavia Science and technology * Smithsonian Astrophysical Observatory of the Smithsonian Institution in Cambridge, Massachusetts, U.S. ** Smithsonian Astrophysical Observatory Star Catalog, which assigns SAO catalogue entries * Special Astrophysical Observatory of the Russian Academy of Science (SAO RAS) * Session-At-Once, a recording mode for optical discs Transportation * Saco Transportation Center, a train station in Saco, Maine, U.S., station code SAO * Sahel Aviation Service, Mali, ICAO airline code SAO * Airports in Greater São Paulo, Brazil, IATA airport code SAO People * Ligi Sao (born 1992), a Samoan rugby league player * Ron Sao, Western Australian politician Other uses * Sao (moon), a satellite of Neptune * Sao (my ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entrepreneur
Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneur () is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as "entrepreneurship". The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, often similar to a small business, or (per ''Business Dictionary'') as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit". The people who create these businesses are often referred to as "entrepreneurs". In the field of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrialist
A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or services are widely consumed. Etymology and history The term ''magnate'' derives from the Latin word (plural of ), meaning 'great man' or 'great nobleman'. The term ''mogul'' is an English corruption of , Farsi, Persian or Arabic for 'Mongol'. It alludes to emperors of the Mughal Empire in Early modern India, Early Modern India, who possessed great power and storied riches capable of producing wonders of opulence, such as the Taj Mahal. The term ''tycoon'' derives from the Japanese language, Japanese word , which means 'great lord', used as a title for the . The word entered the English language in 1857 with the return of Matthew C. Perry, Commodore Perry to the United States. US President Abraham Lincoln was humorously referred to as ''th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of São Tomé And Príncipe
The Central Bank of São Tomé and Príncipe ( or BCSTP) is the central bank of São Tomé and Príncipe, a Portuguese-speaking island nation off the western equatorial coast of Central Africa. History At independence in 1975, the government converted the local branch of the Portuguese colonial bank, Banco Nacional Ultramarino, into the National Bank of São Tomé and Príncipe, which took on the functions of central bank, development bank, and commercial bank. The government created a monobank by bringing the only other commercial bank in the country, the Banco Popular de Angola (formerly Banco Comercial de Angola and now Banco de Poupança e Crédito), under the control of Banco Nacional and by merging its savings bank, the Caixa de Crédito. In 1992, a reform law resulted in the National Bank giving up its development and commercial banking functions, focusing on central banking. With that reform, the bank took on its present name. The successor bank for the commercial bankin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debit Card
A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Many new cards now have a chip on them, which allows people to use their card by touch (contactless), or by inserting the card and keying in a PIN as with swiping the magnetic stripe. Debit cards are similar to a credit card, but the money for the purchase must be in the cardholder's bank account at the time of the purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase. Some debit cards carry a Stored-value card, stored value with which a payment is made (prepaid cards), but most relay a message to the cardholder's bank to withdraw funds from the cardholder's designated bank account. In some cases, the payment card number is assigned exclusively for use on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sao Tome
SAO or Sao may refer to: Places * Sao civilisation, in Middle Africa from 6th century BC to 16th century AD * Sao, a town in Boussé Department, Burkina Faso * Serb Autonomous Regions (''Srpska autonomna oblast'', SAO), during the breakup of Yugoslavia Science and technology * Smithsonian Astrophysical Observatory of the Smithsonian Institution in Cambridge, Massachusetts, U.S. ** Smithsonian Astrophysical Observatory Star Catalog, which assigns SAO catalogue entries * Special Astrophysical Observatory of the Russian Academy of Science (SAO RAS) * Session-At-Once, a recording mode for optical discs Transportation * Saco Transportation Center, a train station in Saco, Maine, U.S., station code SAO * Sahel Aviation Service, Mali, ICAO airline code SAO * Airports in Greater São Paulo, Brazil, IATA airport code SAO People * Ligi Sao (born 1992), a Samoan rugby league player * Ron Sao, Western Australian politician Other uses * Sao (moon), a satellite of Neptune * Sa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream. In finance, the purpose of investing is to generate a Return (finance), return on the invested asset. The return may consist of a capital gain (profit) or loss, realised if the investment is sold, unrealised capital appreciation (or depreciation) if yet unsold. It may also consist of periodic income such as dividends, interest, or rental income. The return may also inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
