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AfDB
The African Development Bank Group (AfDB) or (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union. The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. Mission The AfDB's mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region. History Following the end of the colonial period in Africa, a growing desire for more unity within the continent led to the establishment of two draft charters, one for the establishment of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Akinwumi Adesina
Akinwumi "Akin" Adesina is a Nigerian economist, who is currently serving as the President of the African Development Bank. He previously served as Nigeria's Minister of Agriculture and Rural Development. Until his appointment as Minister in 2010, he was Vice President of Policy and Partnerships for the Alliance for a Green Revolution in Africa (AGRA). He was elected as the President of the African Development Bank in 2015 anre-electedfor a second term in 2020. He is the first Nigerian to hold the post. Early life and education Adesina was born to a Nigerian farmer in Ibadan, Oyo state. He attended a village school and had a Bachelor's degree in Agricultural Economics with First Class Honors from the University of Ife (now Obafemi Awolowo University), Nigeria in 1981.He was the first student to be awarded this distinction by the university. He pursued further studies at Purdue University, Indiana and briefly returned to Nigeria in 1984, to get married. He obtained his Ph.D. in A ... [...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] |
2020 In West Africa
The following lists events that happened during 2020 in West Africa. January *January 3 **Nineteen people are killed and homes and other buildings are burned by unidentified gunmen in Tawari, Kogi State, Nigeria. *January 6 – 2020 Gamboru bombing: 30 killed and 35 injured in a bomb explosion in Gamboru, Borno State, Nigeria. *January 7 **Emeritus Archbishop of Lomé, Togo, Philippe Fanoko Kossi Kpodzro, calls for the suspension the February 22 presidential election to pave the way for electoral reforms. **President João Lourenço of Angola congratulates Guinea-Bissau president-elect Umaro El Mokhtar Sissoco Embaló for his December 29 election. *January 8 – West Africa's largest wind farm opens in Taiba NDiaye, Tivaouane Department, Senegal. *January 10 – Fête du Vodoun, Benin *January 13 **Leaders of Burkina Faso, Chad, Mali, Mauritania, and Niger join French President Emmanuel Macron in discussing security issues at a summit in Pau, Pyrénées-Atlantiques, France. * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abidjan
Abidjan ( , ; N'Ko script, N’ko: ߊߓߌߖߊ߲߬) is the economic capital of the Ivory Coast. As of the Demographics of Ivory Coast, 2021 census, Abidjan's population was 6.3 million, which is 21.5 percent of overall population of the country, making it the sixth most populous city proper in Africa, after Lagos, Cairo, Kinshasa, Dar es Salaam, and Johannesburg. A cultural crossroads of West Africa, Abidjan is characterised by a high level of industrialisation and urbanisation. It also is one of the most populous French-speaking cities in Africa. The city expanded quickly after the construction of a new wharf in 1931, followed by its designation as the capital city of the then-French colony in 1933. The completion of the Vridi Canal in 1951 enabled Abidjan to become an important sea port. Abidjan remained the capital of the Ivory Coast after its independence from France in 1960. In 1983, the city of Yamoussoukro was designated as the official political capital of Ivory Coast. Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Partnership For Africa's Development
The New Partnership for Africa's Development (NEPAD) is an economic development program of the African Union. NEPAD was adopted at the 37th session of the Assembly of Heads of State and Government in July 2001 in Lusaka, Zambia. NEPAD aims to provide an overarching vision and policy framework for accelerating economic co-operation and integration among African countries. Origins and function NEPAD is a merger of two plans for the economic regeneration of Africa: the Millennium Partnership for the African Recovery Programme (MAP), led by Former President Thabo Mbeki of South Africa in conjunction with Former President Olusegun Obasanjo of Nigeria and President Abdelaziz Bouteflika of Algeria; and the OMEGA Plan for Africa developed by President Abdoulaye Wade of Senegal. At a summit in Sirte, Libya, March 2001, the Organisation of African Unity (OAU) agreed that the MAP and OMEGA Plans should be merged. The UN Economic Commission for Africa (UNECA) developed a "Compact for Afric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heavily Indebted Poor Countries
The heavily indebted poor countries (HIPC) are a group of 39 developing countries with high levels of poverty and debt overhang which are eligible for special assistance from the International Monetary Fund (IMF) and the World Bank. The HIPC Initiative was initiated by the International Monetary Fund and the World Bank in 1996, following extensive lobbying by NGOs and other bodies. It provides debt relief Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particu ... and low-interest loans to cancel or reduce external debt repayments to sustainable levels, meaning they can repay debts in a timely fashion in the future."Developing Countries: Status Of The Heavily Indebted Poor Countries Debt Relief Initiative: NSIAD-98-229." ''GAO Reports'' (1998): 1. ''MasterFILE Premier''. Web. 10 Sept. 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. 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 the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equity Investment
A stock trader or equity trader or share trader, also called a stock investor, is a person or company involved in trading equity securities and attempting to profit from the purchase and sale of those securities. Stock traders may be an investor, agent, hedger, arbitrageur, speculator, or stockbroker. Such equity trading in large publicly traded companies may be through a stock exchange. Stock shares in smaller public companies may be bought and sold in over-the-counter (OTC) markets or in some instances in equity crowdfunding platforms. Stock traders can trade on their own account, called proprietary trading, or through an agent authorized to buy and sell on the owner’s behalf. Trading through an agent is usually through a stockbroker. Agents are paid a commission for performing the trade. Major stock exchanges have market makers who help limit price variation ( volatility) by buying and selling a particular company's shares on their own behalf and also on behalf of othe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Development Theory
Social development theory attempts to explain qualitative changes in the structure and framework of society, that help the society to better realize aims and objectives. Development can be defined in a manner applicable to all societies at all historical periods as an upward ascending movement featuring greater levels of energy, efficiency, quality, productivity, complexity, comprehension, creativity, mastery, enjoyment and accomplishment. Development is a process of social change, not merely a set of policies and programs instituted for some specific results. During the last five centuries this process has picked up in speed and intensity, and during the last five decades has witnessed a marked surge in acceleration. The basic mechanism driving social change is increasing awareness leading to better organization. When society senses new and better opportunities for progress it develops new forms of organization to exploit these new openings successfully. The new forms of organiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
