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African Monetary Fund
The Africa Monetary Fund is a planned African Union financial institution, though in time its responsibilities will be transferred to the African Central Bank. This institution is one of the three financial institutions of the future African Union. It will be based in Yaoundé, Cameroon Cameroon (; french: Cameroun, ff, Kamerun), officially the Republic of Cameroon (french: République du Cameroun, links=no), is a country in west-central Africa. It is bordered by Nigeria to the west and north; Chad to the northeast; the C .... Proposed shareholding The bank envisages to have a paid up capital of $23 billion. References External links Draft Statute of the African Monetary Fund [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Institution
Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institutions: # Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; # Contractual institutions – insurance companies and pension funds # Investment institutions – investment banks, underwriters, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure: * Commercial banks * Cooperative banks Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies. A consequence of this might ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yaoundé
Yaoundé (; , ) is the capital of Cameroon and, with a population of more than 2.8 million, the second-largest city in the country after the port city Douala. It lies in the Centre Region of the nation at an elevation of about 750 metres (2,500 ft) above sea level. The outpost of Epsumb or Jeundo was founded between the Nyong and Sanaga rivers at the northern edge of the area's forests in 1887 by German explorers as a trading base for rubber and ivory. A military garrison was built in 1895 which enabled further colonization. After Imperial Germany's defeat in World War I, France held eastern Cameroon as a mandate, and Yaoundé was chosen to become the capital of the colony in 1922. Douala remained the more important settlement, but Yaoundé saw rapid growth and continued as the seat of government for the Republic of Cameroon upon its independence in 1960. Most of Yaoundé's economy is still centred on the administrative structure but major industries in Yaoundé inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cameroon
Cameroon (; french: Cameroun, ff, Kamerun), officially the Republic of Cameroon (french: République du Cameroun, links=no), is a country in west-central Africa. It is bordered by Nigeria to the west and north; Chad to the northeast; the Central African Republic to the east; and Equatorial Guinea, Gabon and the Republic of the Congo to the south. Its coastline lies on the Bight of Biafra, part of the Gulf of Guinea and the Atlantic Ocean. Due to its strategic position at the crossroads between West Africa and Central Africa, it has been categorized as being in both camps. Its nearly 27 million people speak 250 native languages. Early inhabitants of the territory included the Sao civilisation around Lake Chad, and the Baka hunter-gatherers in the southeastern rainforest. Portuguese explorers reached the coast in the 15th century and named the area ''Rio dos Camarões'' (''Shrimp River''), which became ''Cameroon'' in English. Fulani soldiers founded the Adamawa Emirate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area.Sayre, April Pulley (1999), ''Africa'', Twenty-First Century Books. . With billion people as of , it accounts for about of the world's human population. Africa's population is the youngest amongst all the continents; the median age in 2012 was 19.7, when the worldwide median age was 30.4. Despite a wide range of natural resources, Africa is the least wealthy continent per capita and second-least wealthy by total wealth, behind Oceania. Scholars have attributed this to different factors including geography, climate, tribalism, colonialism, the Cold War, neocolonialism, lack of democracy, and corruption. Despite this low concentration of wealth, recent economic expansion and the large and young population make Afr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Member States Of The African Union
The member states of the African Union are the 55 sovereign states that have ratified or acceded to the Constitutive Act of the African Union to become member states to the African Union (AU). The AU was the successor to the Organisation of African Unity (OAU), and AU membership was open to all OAU member states. From an original membership of 36 states when the OAU was established on 25 May 1963, there have been nineteen successive enlargements—the largest occurring on 18 July 1975 when four states joined. Morocco is the newest member state, having joined on 31 January 2017. Morocco was a founding member of the OAU but withdrew in 1984 following the organization's acceptance of the Sahrawi Arab Democratic Republic as a member state. Morocco rules over most of the territory, but sovereignty is disputed. As of 2017, the AU spans the entirety of the African continent, with the exception of the Spanish North Africa semi-enclaves of Ceuta, Melilla, and Vélez de la Gomera. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Union
The African Union (AU) is a continental union consisting of 55 member states located on the continent of Africa. The AU was announced in the Sirte Declaration in Sirte, Libya, on 9 September 1999, calling for the establishment of the African Union. The bloc was founded on 26 May 2001 in Addis Ababa, Ethiopia, and launched on 9 July 2002 in Durban, South Africa. The intention of the AU was to replace the Organisation of African Unity (OAU), established on 25 May 1963 in Addis Ababa by 32 signatory governments; the OAU was disbanded on 9 July 2002. The most important decisions of the AU are made by the Assembly of the African Union, a semi-annual meeting of the heads of state and government of its member states. The AU's secretariat, the African Union Commission, is based in Addis Ababa. The largest city in the AU is Lagos, Nigeria, while the largest urban agglomeration is Cairo, Egypt. The African Union has more than 1.3 billion people and an area of around and includes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Central Bank
The African Central Bank (ACB) is one of the original five financial institutions and specialized agencies of the African Union. Over time, it will take over responsibilities of the African Monetary Fund. Its proposed headquarter is in Abuja (Nigeria). When it is fully implemented, the ACB will be the sole issuer of the African single currency (the "afro" or "afriq"), it will become the banker of the African Government, it will be the banker to Africa's private and public banking institutions, it will regulate and supervise the African banking industry, and it will set the official interest and exchange rates; all in conjunction with the African Government's administration. See also * Abuja Treaty * European Central Bank * Economic Community of West African States (ECOWAS) * Euro * African Monetary Union * Central African CFA franc * The Common Monetary Area * Eco (currency) * Monetary union A currency union (also known as monetary union) is an intergovernmental agreeme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The East African
''The EastAfrican'' is a weekly newspaper published in Kenya by the Nation Media Group, which also publishes Kenya's national ''Daily Nation''. The ''EastAfrican'' is circulated in Kenya and the other countries of the African Great Lakes The African Great Lakes ( sw, Maziwa Makuu; rw, Ibiyaga bigari) are a series of lakes constituting the part of the Rift Valley lakes in and around the East African Rift. They include Lake Victoria, the second-largest fresh water lake in the ... region, including Tanzania, Uganda and Rwanda. It contains stories and in-depth analysis from each country in the region, in addition to international stories. External links The ''EastAfrican'' Newspapers published in Kenya Nation Media Group Publications with year of establishment missing {{kenya-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organs Of The African Union
The African Union is governed by organs per Article 5 of the Constitutive Act of the African Union The Constitutive Act of the African Union sets out the codified framework under which the African Union is to conduct itself. It was signed on 11 July 2000 at Lomé, Togo. It entered into force after two thirds of the 53 signatory states ratifie .... List Assembly of the Union Executive Council Pan-African Parliament Court of Justice Commission Permanent Representatives Committee Specialized Technical Committees ECOSOCC Financial Institutions Peace and Security Council References {{African Union ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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