AB Bank Zambia
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AB Bank Zambia
AB Bank Zambia is a commercial bank in Zambia, licensed by the Bank of Zambia and by the national banking regulator. It is a member of AccessHolding, a banking group which operates a network of commercial banks and microfinance institutions in developing and transition countries with a target group focus on micro, small and medium-sized enterprises. Main Location The headquarters of AB Bank Zambia are located on Chainda Place, in Lusaka, the capital and largest city in the country. The coordinates of the bank's headquarters are: 15°25'23.0"S, 28°17'01.0"E ( Latitude:-15.423053; Longitude:28.283612). Overview The bank began operations on 18 October 2011, following the issuance of a commercial banking license by the Bank of Zambia. The bank's shareholders are five international development institutions. The target clientele of the bank are Zambian micro, small and medium-sized businesses, who have been left out of the formal economy by the traditional commercial banks. The ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. 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 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Shareholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liabil ...
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Chelston
Chelston, also Chelstone or Chakunkula, is a neighborhood in Zambia's capital city, Lusaka. Location Chelston is approximately , by road, northeast of downtown Lusaka, north of the highway (T4; Great East Road), between Lusaka and Chipata. To Chelston's west are the neighbourhoods of Munali and Kamanga. To the south is the T4 Highway. To the east is the Airport Road, leading to Kenneth Kaunda International Airport (KKIA). To the north is the swamp that lies west of KKIA. The geographical coordinates of Chelston are: 15°21'57.0"S, 28°23'07.0"E (Latitude:-15.365823; Longitude:28.385265). Overview Chelston is a high-class residential neighbourhood. The predominant residences are single family homes for civil servants and other workers in the city. See also * List of banks in Zambia *Lusaka Lusaka (; ) is the Capital city, capital and largest city of Zambia. It is one of the fastest-developing cities in southern Africa. Lusaka is in the southern part of the central plat ...
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Kalingalinga
Kalingalinga is a low-income, high-density settlement east of Lusaka, in Zambia. , it comprised 25,000 to 30,000 residents;, it borders the townships of Mtendere and Kabulonga, and many of its occupants are people who were discouraged from settling in Lusaka and moved as squatters to outlying regions of the city. History It was one of Lusaka's earliest squatter settlements. By the late 1960s, many of Kalingalinga's residents were lured to Chainama Hills (later renamed "Mtendere"), a newly opened development that promised "water, good roads, schools, and a clinic". Those who left for Chainama Hills were mostly supporters of president Kaunda's UNIP, leaving behind a population with considerable support for the opposition Northern Rhodesian African National Congress. By the late 1970s, assistance from the Deutsche Gesellschaft für Internationale Zusammenarbeit in the form of a major urban upgrading project provided a school, water, street lighting, and other necessities, such as lo ...
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Matero, Lusaka
Matero is a township in the north-western part of the city of Lusaka in Zambia. Location The neighborhood is bordered to the northeast by the T2 road ( Great North Road), that stretches between Kabwe to the north, through Lusaka to Kafue to the south. To the southeast, the border is Lumumba Road. Umuzilikazi Road marks the neighborhood's southern border. The western border is the river that starts near the southern end of Chitanda Road and flows northwestwards until it crosses the same street near the Chitanda Sewerage pond. The northern border of Matero stretches from the Chitanda pond to the west, through Chitanda Cemetery, to end at the T2 highway, immediately north of National Heroes Stadium. The coordinates of Matero are 15°22'33.0"S, 28°15'47.0"E (Latitude: -15.375823; Longitude:28.263054). Notable people * Miles Sampa * Trevor Mumba See also * Lusaka Lusaka (; ) is the Capital city, capital and largest city of Zambia. It is one of the fastest-developing cities ...
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Chilenje
Chilenje is a Township residential area located in Lusaka city, Lusaka Province, Zambia. It consists of two sections, New Chilenje and Chilenje South. New Chilenje is composed mainly of British Colonial low cost houses suitable for bachelors. A typical house in this section is the Chilenje museum known as Chilenje House 394 Chilenje House 394, located in Chilenje, Lusaka, Zambia a Museum, a house in which Dr Kenneth Kaunda lived from January 1960 to December 1962. He later became the first president of Zambia. From this house, he directed the struggle for Independen .... The other section consists of middle cost houses, according to the Zambian housing standards. Africa Directions describes Chilenje as "a peri-urban township with slightly higher levels of education and income per household than Mtendere. While this means families are able to meet basic needs, on the flip side this disposable income also leads to more alcohol and drug abuse. Places that were formally open ...
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International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that it ...
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Netherlands Development Finance Company
FMO ( nl, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.) is a Dutch development bank structured as a bilateral private-sector international financial institution based in the Hague, the Netherlands. FMO manages funds for the Ministries of Foreign Affairs and Economic Affairs of the Dutch government to maximize the development impact of private sector investments. It is licensed as a bank and supervised by the Dutch Central Bank. The Dutch government holds 51% of the shares, but FMO operates as a commercial company. Due to its relationship with the Dutch government, it is able to take risks which commercial financiers are not able or not prepared to take. The FMO has a AAA rating from Standard and Poor's. , the bank's total asset valuation was €8.32 billion (US$9.67 billion), and its shareholders' equity was €2.83 billion (US$3.29 billion). FMO's mandate is to provide long term capital for projects in countries in which commercial investors do not yet ...
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AccessBank Group
Access Microfinance Holding AG, often referred to as AccessHolding, is a commercial microfinance investment and holding company based in Germany. AccessHolding specializes in start-ups and early-stage microfinance institutions (MFIs). It will establish new MFIs together with other partners, and transform existing non-bank microlending institutions into full-service microfinance banks. Overview AccessHolding is an investor and technical manager in a network of microfinance banks in developing and emerging countries. In 2012, the group banks' total assets were valued at approximately €1 billion, with shareholders' equity of about €170 million. History The company was founded in August 2006 by LFS Financial Systems GmbH (LFS). LFS is a German business and financial consulting firm based in Berlin. It has special expertise in developing and emerging markets. AccessBank Group The member banks of the AccessBank Group include the following: # AccessBank Azerbaijan - Baku, Azerbai ...
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Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) 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 senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ...
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Farmer
A farmer is a person engaged in agriculture, raising living organisms for food or raw materials. The term usually applies to people who do some combination of raising field crops, orchards, vineyards, poultry, or other livestock. A farmer might own the farm land or might work as a laborer on land owned by others. In most developed economies, a "farmer" is usually a farm owner (landowner), while employees of the farm are known as ''farm workers'' (or farmhands). However, in other older definitions a farmer was a person who promotes or improves the growth of plants, land or crops or raises animals (as livestock or fish) by labor and attention. Over half a billion farmers are smallholders, most of whom are in developing countries, and who economically support almost two billion people. Globally, women constitute more than 40% of agricultural employees. History Farming dates back as far as the Neolithic, being one of the defining characteristics of that era. By the Bronze Age, th ...
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