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African Monetary Union
The African Monetary Union (AMU) is the proposed creation of an economic and monetary union for the countries of the African Union, administered by the African Central Bank. Such a union would call for the creation of a new unified currency, similar to the euro; the hypothetical currency is sometimes referred to as the afro or afriq. The Abuja Treaty, an international agreement signed on June 3, 1991, in Abuja, Nigeria, created the African Economic Community, and called for an African Central Bank to follow by 2028. , the plan is to establish an African Economic Community with a single currency by 2023. Regional currency unions There are two existing regional currency unions in Africa, using the West African CFA franc, and the Central African CFA franc, respectively. Additionally, the Common Monetary Area links several countries in Southern Africa based on the South African rand. The African Union's plans for further integration encourage the development of more such regional ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Monetary Union
An economic and monetary union (EMU) is a type of trade bloc that features a combination of a common market, customs union, and monetary union. Established via a trade pact, an EMU constitutes the sixth of seven stages in the process of economic integration. An EMU agreement usually combines a customs union with a common market. A typical EMU establishes free trade and a common external tariff throughout its jurisdiction. It is also designed to protect freedom in the movement of goods, services, and people. This arrangement is distinct from a monetary union (e.g., the Latin Monetary Union), which does not usually involve a common market. As with the economic and monetary union established among the 27 member states of the European Union (EU), an EMU may affect different parts of its jurisdiction in different ways. Some areas are subject to separate customs regulations from other areas subject to the EMU. These various arrangements may be established in a formal agreement, or they m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Senegal
Senegal,; Wolof: ''Senegaal''; Pulaar: 𞤅𞤫𞤲𞤫𞤺𞤢𞥄𞤤𞤠(Senegaali); Arabic: السنغال ''As-Sinighal'') officially the Republic of Senegal,; Wolof: ''Réewum Senegaal''; Pulaar : 𞤈𞤫𞤲𞤣𞤢𞥄𞤲𞤣𞤠𞤅𞤫𞤲𞤫𞤺𞤢𞥄𞤤𞤠(Renndaandi Senegaali); Arabic: جمهورية السنغال ''Jumhuriat As-Sinighal'') is a country in West Africa, on the Atlantic Ocean coastline. Senegal is bordered by Mauritania to the north, Mali to the east, Guinea to the southeast and Guinea-Bissau to the southwest. Senegal nearly surrounds the Gambia, a country occupying a narrow sliver of land along the banks of the Gambia River, which separates Senegal's southern region of Casamance from the rest of the country. Senegal also shares a maritime border with Cape Verde. Senegal's economic and political capital is Dakar. Senegal is notably the westernmost country in the mainland of the Old World, or Afro-Eurasia. It owes its name to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organisation Of African Unity
The Organisation of African Unity (OAU; french: Organisation de l'unité africaine, OUA) was an intergovernmental organization established on 25 May 1963 in Addis Ababa, Ethiopia, with 32 signatory governments. One of the main heads for OAU's establishment was Kwame Nkrumah of Ghana. It was disbanded on 9 July 2002 by its last chairman, South African President Thabo Mbeki, and replaced by the African Union (AU). Some of the key aims of the OAU were to encourage political and economic integration among member states, and to eradicate colonialism and neo-colonialism from the African continent. The absence of an armed force like that of the United Nations left the organization with no means to enforce its decisions. It was also not willing to become involved in the internal affairs of member nations prompting some critics to claim the OAU as a forum for rhetoric, not action. Recognizing this, the OAU in September 1999 issued the Declaration, calling for a new body to take its pla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange Rates
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for or that will be exchanged for ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the econom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industry (economics)
In macroeconomics, an industry is a branch of an economy that Production (economics) , produces a closely-related set of raw materials, Good (economics) , goods, or Service (economics) , services. For example, one might refer to the wood industry or to the insurance industry. When evaluating a single group or company, its dominant source of revenue is typically used by industry classifications to classify it within a specific industry. For example the International Standard Industrial Classification (ISIC) – used directly or through derived classifications for the official statistics of most countries worldwide – classifies "statistical units" by the "economic activity in which they mainly engage". Industry is then defined as "set of statistical units that are classified into the same ISIC category". However, a single business need not belong just to one industry, such as when a large business (often referred to as a conglomerate (company), conglomerate) Diversification (m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pan-African Parliament
The Pan-African Parliament (PAP), also known as the African Parliament, is the legislative body of the African Union. It held its inaugural session in March 2004. The Parliament exercises oversight, and has advisory and consultative powers, having lasting for the first five years. Initially the seat of the Pan-African Parliament was in Addis Ababa, Ethiopia, but was later moved to Midrand, Johannesburg, South Africa. The goal in establishing the parliament was creating a space where people from all states of Africa could meet, deliberate, and pass some policy on issues that affect the entire continent of Africa. The Parliament is composed of five members per member state that have ratified the Protocol establishing it, including at least one woman per Member State. These members are selected by their member state and their domestic legislatures. The overall goal for the parliament is to be an institution that has full legislative power whose members are elected through universa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sirte Declaration
The Sirte Declaration was the resolution adopted by the Organisation of African Unity on 9 September 1999, at the fourth Extraordinary Session of the OAU Assembly of African Heads of State and Government held at Sirte, Libya. The Declaration announces decisions to: *establish the African Union *speed up the implementation of the provisions of the Abuja Treaty, to create an African Economic Community, African Central Bank, African Monetary Union, African Court of Justice and Pan-African Parliament, with the Parliament to be established by 2000 *prepare a Constitutive Act of the African Union that can be ratified by 31 December 2000 and become effective the following year *give President Abdelaziz Bouteflika of Algeria and President Thabo Mbeki of South Africa a mandate to negotiate for the cancellation of the African indebtedness *convene an African Ministerial Conference on security, stability, development and co-operation The Declaration was followed by summits at Lomé in 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
Mayotte
Mayotte (; french: Mayotte, ; Shimaore: ''Maore'', ; Kibushi: ''Maori'', ), officially the Department of Mayotte (french: Département de Mayotte), is an overseas department and region and single territorial collectivity of France. It is located in the northern part of the Mozambique Channel in the Indian Ocean off the coast of Southeastern Africa, between Northwestern Madagascar and Northeastern Mozambique. Mayotte consists of a main island, Grande-Terre (or Maore), a smaller island, Petite-Terre (or Pamanzi), as well as several islets around these two. Mayotte is the most prosperous territory in the Mozambique Channel, making it a major destination for immigration. Mayotte's land area is and, with its 299,348 people according to January 2022 official estimates, is very densely populated at 800 inhabitants per km2 (2,073 per sq mi). The biggest city and prefecture is Mamoudzou on Grande-Terre. The Dzaoudzi–Pamandzi International Airport is located on the neighbouring is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cape Verde
, national_anthem = () , official_languages = Portuguese , national_languages = Cape Verdean Creole , capital = Praia , coordinates = , largest_city = capital , demonym = Cape Verdean or Cabo Verdean , ethnic_groups_year = 2017 , government_type = Unitary semi-presidential republic , leader_title1 = President , leader_name1 = José Maria Neves , leader_title2 = Prime Minister , leader_name2 = Ulisses Correia e Silva , legislature = National Assembly , area_rank = 166th , area_km2 = 4033 , area_sq_mi = 1,557 , percent_water = negligible , population_census = 561,901 , population_census_rank = 172nd , population_census_year = 2021 , population_density_km2 = 123.7 , population_density_sq_mi = 325.0 , population_density_rank = 89th , GDP_PPP ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seychelles
Seychelles (, ; ), officially the Republic of Seychelles (french: link=no, République des Seychelles; Creole: ''La Repiblik Sesel''), is an archipelagic state consisting of 115 islands in the Indian Ocean. Its capital and largest city, Victoria, is east of mainland Africa. Nearby island countries and territories include the Comoros, Madagascar, Mauritius, and the French overseas departments of Mayotte and Réunion to the south; and Maldives and the Chagos Archipelago (administered by the United Kingdom as the British Indian Ocean Territory) to the east. It is the least populated sovereign African country, with an estimated 2020 population of 98,462. Seychelles was uninhabited prior to being encountered by Europeans in the 16th century. It faced competing French and British interests until coming under full British control in the late 18th century. Since proclaiming independence from the United Kingdom in 1976, it has developed from a largely agricultural society to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lesotho
Lesotho ( ), officially the Kingdom of Lesotho, is a country landlocked country, landlocked as an Enclave and exclave, enclave in South Africa. It is situated in the Maloti Mountains and contains the Thabana Ntlenyana, highest mountains in Southern Africa. It has an area of over and has a population of about million. It was previously the British Crown colony of Basutoland, which declared independence from the United Kingdom on 4 October 1966. It is a fully sovereign state and is a member of the United Nations, the Commonwealth of Nations, the African Union, and the Southern African Development Community. The name ''Lesotho'' roughly translates to "land of the Sotho". History Basutoland Basutoland emerged as a single body politic, polity under King Moshoeshoe I in 1822. Moshoeshoe, a son of Mokhachane, a minor tribal chief, chief of the Bakoteli lineage, formed his own clan and became a chief around 1804. Between 1820 and 1823, he and his followers settled at the Buth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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