Meridien Bank Burundi
   HOME





Meridien Bank Burundi
The Meridien Bank Burundi, or MBB, was a bank in Burundi, a subsidiary of Meridien BIAO, a network of African banks with headquarters in Zambia. It was launched in 1988 and failed in 1995. History Meridien Bank Burundi (MBB) was launched on 1 August 1988, the Burundi subsidiary of Meridien BIAO. The parent had headquarters in Zambia and subsidiary branches in Burkina Faso, Burundi, Cameroon, Gabon, Gambia, Ghana, Kenya, Niger, Sierra Leone, Swaziland, Tanzania and Togo. MBB was a limited liability company with private and public shareholders, and had capital of when it was founded. Meridian Bank of Burundi began operations with 48% of shares owned by local private investors, an unexpectedly large percentage. Public and mixed companies had 27% and the parent had 25%. After six months the public investments were 41.3% of the total. By the end of 1988 the bank had assets of , of which were government securities. Melchior Ndadaye, the future President of Burundi, took a correspond ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Bujumbura
Bujumbura (; ), formerly Usumbura, is the economic capital, largest city and main port of Burundi. It ships most of the country's chief export, coffee, as well as cotton and tin ore. Bujumbura was formerly the country's political capital. In late December 2018, Burundian president Pierre Nkurunziza announced that he would follow through on a 2007 promise to return Gitega its former political capital status, with Bujumbura remaining as economical capital and center of commerce. A vote in the Parliament of Burundi made the change official on 16 January 2019, with all branches of government expected to move to Gitega within three years. History Bujumbura grew from a small village after it became a military post in German East Africa in 1889. After World War I it was made the administrative center of the Belgium, Belgian League of Nations mandate of Ruanda-Urundi. The name was changed from Usumbura to Bujumbura when Burundi became independent in 1962. Since independence, Bujumbura ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  



MORE