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Gulf African Bank
Gulf African Bank (GAB), whose full name is Gulf African Bank Limited, is a commercial bank in Kenya operating under an Islamic banking regime. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator. the bank was a mid-sized financial services provider in Kenya. Its total assets were valued at approximately US$191.8 million (KES:19, 753, 647 billion), with customer deposits totalling approximately US$153.3 million (KES:15.8 billion), and shareholders' equity estimated at US$30.6 million (KES:3.15 billion). At that time, the bank was ranked number 25, by assets, out of the 43 licensed banks in Kenya then. The bank has plans to enter Uganda and Tanzania. History Discussions to establish the bank started in 2005, by individuals and institutions from the Persian Gulf and Kenya. The bank began banking operations in 2008, after receiving a commercial banking license and authorisation to establish a Islamic banking, Sharia bank, from the Central B ... [...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] |
Stock
Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all Seniority (financial), senior claims such as secured and unsecured debt), or Voting interest, voting power, often dividing these up in proportion to the number of like shares each stockholder owns. Not all stock is necessarily equal, as certain classes of stock may be issued, for example, without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of Shareholder, shareholders. Stock can be bought and sold over-the-counter (finance), privately or on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastleigh, Nairobi
Eastleigh is a mixed-use neighbourhood in Nairobi, Kenya. It is located east of the central business district. It is known for its business prowess.Kenya/Somalia: Somalia community doing booming business in country - ''Norwegian Council for Africa'' History Eastleigh was founded in 1921. At this time, it was formally called Nairobi East Township. While the colonial government originally tried to segregate citizens by race and ethnicity, failures at doing so in the Eastleigh neighbourhood more or less stopped the practice under colonial rule, so class became the general segregating factor afterwards. The colonial government allotted Nairobi's residential estates by race, and Eastleigh was targeted for Asians and elite Africans who worked as clerks, builders, or s ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lamu
Lamu or Lamu Town is a small town on Lamu Island, which in turn is a part of the Lamu Archipelago in Kenya. Situated by road northeast of Mombasa that ends at Mokowe Jetty, from where the sea channel has to be crossed to reach Lamu Island, it is the headquarter of Lamu County and a UNESCO World Heritage Site. The town contains the Lamu Fort on the seafront, constructed under Fumo Madi ibn Abi Bakr, the Sultan of Pate, and was completed after his death in the early 1820s. Lamu is also home to 23 mosques, including the Riyadha Mosque, built in 1900, and a donkey sanctuary. History Early history The original name of the town is Amu, which the Arabs termed Al-Amu (الآمو) and the Portuguese "Lamon". The Portuguese applied the name to the entire island as Amu was the chief settlement. Lamu Town on Lamu Island is Kenya's oldest continually inhabited town, and was one of the original Swahili settlements along coastal East Africa, believed to have been established in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Financial Institutions
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] |
Multinational Corporation
A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Most of the current largest and most influential companies are Public company, publicly traded multinational corporations, including Forbes Global 2000, ''Forbes'' Global 2000 companies. History Colonialism The history of multinational corporations began with the history of colonialism. The first multinational corporations were founded to set up colonial "factories" or port cities. The two main examples were the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern Africa
Southern Africa is the southernmost region of Africa. No definition is agreed upon, but some groupings include the United Nations geoscheme for Africa, United Nations geoscheme, the intergovernmental Southern African Development Community, and the #Definitions and Usage, physical geography definition based on the physical characteristics of the land. The most restrictive definition considers the region of Southern Africa to consist of Botswana, Eswatini, Lesotho, Namibia, and South Africa, while other definitions also include several other countries from the area. Defined by physical geography, Southern Africa is home to several river systems; the Zambezi, Zambezi River is the most prominent. The Zambezi flows from the northwest corner of Zambia and western Angola to the Indian Ocean on the coast of Mozambique. Along the way, it flows over Victoria Falls on the border between Zambia and Zimbabwe. Victoria Falls is one of the largest waterfalls in the world and a major tourist a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Africa
East Africa, also known as Eastern Africa or the East of Africa, is a region at the eastern edge of the Africa, African continent, distinguished by its unique geographical, historical, and cultural landscape. Defined in varying scopes, the region is recognized in the United Nations Statistics Division United Nations geoscheme for Africa, scheme as encompassing 18 sovereign states and 4 territories. It includes the Horn of Africa to the North and Southeastern Africa to the south. Definitions In a narrow sense, particularly in English-speaking contexts, East Africa refers to the area comprising Kenya, Tanzania, and Uganda, largely due to their shared history under the Omani Empire and as parts of the British East Africa Protectorate and German East Africa. Further extending East Africa's definition, the Horn of Africa—comprising Djibouti, Eritrea, Ethiopia, and Somalia—stands out as a distinct geopolitical entity within East Africa.Robert Stock, ''Africa South of the Sahara, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PTA Bank
The Trade and Development Bank (TDB), formerly the PTA Bank, is a trade and development financial institution operating in eastern and southern Africa. TDB is the financial arm of the Common Market for Eastern and Southern Africa (COMESA), although membership is open to non-COMESA states and other institutional shareholders. Overview As of December 2018, TDB was a large financial institution with assets exceeding US$5.56 billion. The bank had 38 shareholders, across two classes of shares, with shareholders' equity in excess of US$1.19 billion. History The Eastern and Southern African Trade and Development Bank, also known as TDB, was established on 6 November 1985 under Chapter Nine of the Treaty for the Establishment of the Preferential Trade Area for Eastern and Southern African States, which entered into effect on 2 September 1982 and was subsequently replaced by the Treaty for the Establishment of the Common Market for Eastern and Southern Africa of 1994 that established C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries by area, fifth-largest country in Asia, the largest in the Middle East, and the List of countries and dependencies by area, 12th-largest in the world. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Bahrain, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to Saudi Arabia–Yemen border, the south. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt and Israel. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of Geography of Saudi Arabia, its terrain consists of Arabian Desert, arid desert, lowland, steppe, and List of mountains in Saudi Arabia, mountains. The capital and List of cities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bahrain
Bahrain, officially the Kingdom of Bahrain, is an island country in West Asia. Situated on the Persian Gulf, it comprises a small archipelago of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island, which makes up around 83 percent of the country's landmass. Bahrain is situated between Qatar and the northeastern coast of Saudi Arabia, to which it is connected by the King Fahd Causeway. The population of Bahrain is 1,501,635 as of 14 May 2023, of whom 712,362 (47.44%) are Bahraini nationals and 789,273 are expatriates spanning 2,000 ethnicities (52.56% of the country's population of 1,501,635). Bahrain spans some , and is the List of countries and dependencies by area, third-smallest nation in Asia after the Maldives and Singapore. The capital and largest city is Manama. According to archeologist Geoffrey Bibby, Bahrain is the site of the ancient Dilmun civilization. though locally the islands were controlled by the Shia Jarwanids, Jarwanid dyn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
