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Central Bank Of Eswatini
The Central Bank of Eswatini ( Swazi: ''Umntsholi Wemaswati''), is the central bank of Eswatini. It was established in April 1974 and is based in capital Mbabane. According to the bank's website, the bank's mission is to promote monetary stability and foster a stable and sound financial system. Among the bank's responsibilities are managing Eswatini's foreign exchange position and safeguarding the country's foreign reserves of cash. The bank conducts weekly auctions of 91-day Swazi treasury bills, through "primary dealer" Swazi banks. The current governor is Dr. Phil Mnisi. Governors The governor of the bank is appointed by the King of Eswatini for a term of five years. * Ethan Mayisela, April 1974 - June 1978 * A. D. Ockenden, acting, June 1978 - June 1981 * H. B. B. Oliver, July 1981 - June 1992 * Martin Dlamini, acting, 1992 *James Nxumalo, July 1992 - June 1997 * Martin Dlamini, July 1997 - 2013 * Majozi Sithole, 2013 - 2022 * Dr. Phil Mnisi, 2022 - present List of authori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mbabane
Mbabane (; ss, ÉMbábáne, ) is a city in Eswatini (previously called Swaziland), and is one of the two capitals (along with Lobamba), serving as the executive capital. With an estimated population of 94,874 (2010), it is located on the Mbabane River and its tributary the Polinjane River in the Mdzimba Mountains. It is located in the Hhohho Region, of which it is also the capital. The average elevation of the city is 1,243 meters. It lies on the MR3 road. History The town grew after the nation's administrative centre moved from Bremersdorp (now called Manzini) in 1902. It derives its name from a chief, Mbabane Kunene, who lived in the area when British settlers arrived. Mbabane was founded in 1887 by Mickey Wells, on the spot where the Transvaal-to-Mozambique route crossed the Mbabane river. It was declared the capital of the new Protectorate of Swaziland in 1902. During this time, Mbabane consisted of a few shops, churches and schools founded by white settlers. Black A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Nxumalo
James Sikhosiphi Nxumalo (born 12 February 1965) is a South African politician who has represented the African National Congress (ANC) in the KwaZulu-Natal Provincial Legislature since 2019. He was formerly the Mayor of eThekwini from 2011 to 2016, and during that time he was engaged in a strident political rivalry with Zandile Gumede, who became his successor. He was elected to a five-year term on the Central Committee of the South African Communist Party (SACP) in 2022, and he has served as the Provincial Chairperson of the SACP's KwaZulu-Natal branch for over a decade. Early life and career Nxumalo was born on 12 February 1965 in Natal province, later incorporated into KwaZulu-Natal. He was born on a farm in New Hanover, where his parents were farm labourers, and he had 14 siblings. While attending Siphesihle High School in Inchanga in the 1980s, he joined the United Democratic Front; he later also joined the ANC, the ANC Youth League, and the SACP. He first left his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Eswatini
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank (" lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Central Banks
. Central banks Central banks Central banks This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*). Disappeared central banking jurisdictions * – Bank of Amsterdam (1609-1791) * – Taula de canvi de Barcelona (1401-1714) * – East African Currency Board (1919-1966) * – (''Hrvatska Državna Banka'', 1941-1945) * – National Bank of Czechoslovakia (1926–1939 and 1945-1950) and State Bank of Czechoslovakia (1950–1992) * – (1854-1875) * – Bank of Saint George (1407-1805) * – (1948-1968) and Staatsbank der DDR (1968-1990) * – Hamburger Bank (1619-1875) * – Bank of Korea (1909–1950) * – Central Bank of Manchou (1932-1945) * - Bank of Issue in Poland (1940-1945) * – (1765-1846) and (1847-1875) * – (1849-1861), itself formed through the merger of (1846-1849) and Banca di Torino (1847-1849) * – National Bank of Vietnam (1954-1975) * – Banco di Napoli, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Central Banks Of Africa
There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) and the Central African Banque des États de l'Afrique Centrale (BEAC). Members of both currency unions use the CFA Franc as their legal tender. Below is a list of the central banks and currencies of Africa. See also * Africa * Economy of Africa * List of African countries by GDP (nominal) * List of African stock exchanges There are 29 exchanges in Africa, representing 38 nations' capital markets. 21 of the 29 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*). The Eg ... * List of currencies in Africa References World Economic Outlook Database, October 2012 International Monetary Fund. Accessed on October 10, 2013. {{DEFAULTSORT:Central Banks And Currencies Of Africa Africa-related lists Currencies of Afric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Finance Ministers Of Eswatini
This is a list of finance ministers of Eswatini since the formation of the post to present day. List of officeholders * Leo Lovell, 1967 – 1972 * Robert P. Stephens, June 1972 – January 1979 * James Lawrence Funwako Simelane, January 1979 – November 1983 * Sishayi Nxumalo, November 1983 – June 1984 * Barnabas Sibusiso Dlamini, August 1984 – November 1993 * Solomon Dlamini, 1993 * Isaac Shabangu, November 1993 – March 1995 * Derek von Wissel, March 1995 – November 1996 * Themba N. Masuku, November 1996 – November 1998 * John Philip Carmichael, November 1998 – February 2001 * Majozi Sithole, February 2001 – 2013 * Martin Dlamini, 2013 – 2018 * Neal Rijkenberg, November 2018 – See also *Economy of Eswatini *Central Bank of Eswatini References {{Swaziland topics Politics of Eswatini Government of Eswatini * 1967 establishments in Swaziland Politicians A politician is a person active in party politics, or a person holding or seeking an elected off ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Eswatini
The economy of Eswatini is fairly diversified. Agriculture, forestry and mining account for about 13 percent of Eswatini's GDP whereas manufacturing ( textiles and sugar-related processing) represent 37 percent of GDP. Services – with government services in the lead – constitute the other 50 percent of GDP. Agriculture Title Deed lands, where the bulk of high-value crops are grown (sugar, forestry, and citrus) are characterized by high levels of investment and irrigation, and high productivity. Nevertheless, the majority of the population – about 75 percent—is employed in subsistence agriculture on Swazi Nation Land, which, in contrast, suffers from low productivity and investment. This dual nature of the Swazi economy, with high productivity in textile manufacturing and in the industrialized agricultural title deed lands on the one hand, and declining productivity subsistence agriculture on Swazi Nation Land on the other, may well explain the country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swaziland Building Society
Eswatini ( ; ss, eSwatini ), officially the Kingdom of Eswatini and formerly named Swaziland ( ; officially renamed in 2018), is a landlocked country in Southern Africa. It is bordered by Mozambique to its northeast and South Africa to its north, west, south, and southeast. At no more than north to south and east to west, Eswatini is one of the smallest countries in Africa; despite this, its climate and topography are diverse, ranging from a cool and mountainous highveld to a hot and dry lowveld. The population is composed primarily of ethnic Swazis. The prevalent language is Swazi (''siSwati'' in native form). The Swazis established their kingdom in the mid-18th century under the leadership of Ngwane III. The country and the Swazi take their names from Mswati II, the 19th-century king under whose rule the country was expanded and unified; its boundaries were drawn up in 1881 in the midst of the Scramble for Africa. After the Second Boer War, the kingdom, under the name ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nedbank
Nedbank Group is a financial services group in South Africa offering wholesale and retail banking services as well as insurance, asset management, and wealth management. Nedbank Limited is a wholly owned subsidiary of Nedbank Group. Nedbank's primary market is South Africa. Nedbank also operates in six other countries in the Southern African Development Community (SADC), through subsidiaries and banks in Eswatini, Lesotho, Malawi, Mozambique, Namibia and Zimbabwe, as well as offices in Angola and Kenya. Outside Africa, Nedbank have offices to provide international financial services for Africa-based clients in Guernsey, Isle of Man, Jersey, the United Kingdom and the United Arab Emirates. Nedbank is headquartered in Johannesburg. History The bank was founded in 1888 in Amsterdam as the ''Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika'' ("Dutch Bank and Credit Union for South Africa"). In the same year, the bank opened an office in Church Street, Pretoria, South A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First National Bank (South Africa)
First National Bank (FNB; af, Eerste Nasionale Bank (ENB)) is one of South Africa's " big four" banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the Botswana Stock Exchange under the symbol FNBB and is a constituent of the BSE Domestic Company Index. Overview FNB is one of the three major divisions of the FirstRand Group, and the others being Rand Merchant Bank and Wesbank. First National Bank maintains banking subsidiaries which it owns wholly or in part, in Botswana, Mozambique, Namibia, South Africa, Eswatini, Tanzania, Zambia, Ghana, India, Lesotho and Guernsey. FNB is also actively pursuing expansion plans in Angola and Nigeria Media reports in May 2012, indicated that the bank is also making plans to expand into Kenya, Rwanda and Uganda. History FNB is the oldest bank in South Africa. It traces its origins back to the ''Eastern triocre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Bank
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg. History The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the ''Commercial Bank of Port Elizabeth'', the Colesberg Bank, the British Kaffrarian Bank and the ''Fauresmith Bank''. It was prominent in financing and development of the diamond fields of Kimberley in 1867. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
