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Commercial Bank Of Africa Group
Commercial Bank of Africa Group (CBA Group) is a financial services provider in East Africa. Its headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast. The CBA Group is a large financial services group in East Africa, with an asset base valued at KSh:234.79 billion (US$2.343 billion), with shareholders' equity of KSh:28.38 billion (US$283.2 million), as of 30 September 2017. History Commercial Bank of Africa was established in 1962 in Dar es Salaam, Tanzania as a subsidiary of Swiss-based ''Société Financière pour les Pays d'Outre-Mer'' (SFOM). The SFOM consortium included BanqueNationale de Paris, Bank Bruxelles Lambert, Commerz Bank and Bank of America. Branches of the bank were established in Nairobi and Mombasa, Kenya. Another branch was opened in Kampala, Uganda. In 1967, the Government of Tanzania nationalized all commercial banks in the country as part of the government's nationalization of large industries in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Bruxelles Lambert
Bank Brussels Lambert (BBL, french: Banque Bruxelles Lambert) was a Belgian bank that was created through merger in 1975 and became part of ING Group in 1998. It provided retail and commercial banking services to individuals and businesses in Belgium, together with related financial products such as insurance and asset management. It was formed by the merger of two existing Belgian banks ''Banque de Bruxelles'' and ''Banque Lambert'' in 1975 making it at that time the second largest Belgian bank. It was sold to ING Group in 1998 who renamed the subsidiary in 2002 ING Belgium. History Banque de Bruxelles Banque de Bruxelles was founded in 1871 and grew steadily over the ensuing six decades, acquiring interests in other banks in Belgium's major cities. In 1931, these interests were combined in a single business which operated in traditional banking and in the management of industrial concerns based mainly in Belgium and Africa. Following the reform of the Belgian banking sector in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Zimbabwe
The Reserve Bank of Zimbabwe is the central bank of Zimbabwe and is headquartered in the capital city Harare. History The bank traces its history to the Reserve Bank of Rhodesia, founded on 22 May 1964, but which succeeded the Bank of Rhodesia and Nyasaland (1956-1963) which had been liquidated at the collapse of the Federation of Rhodesia and Nyasaland in 1963. Prior to 1956, there was a Central African Currency Board from 1953, but which had been established as the Southern Rhodesia Currency Board in 1938 to provide Rhodesian currency, fully backed and bound to the British pound sterling at par face value. The local currency which Central African Currency Board was mandated to supply to Southern Rhodesia (colonial Zimbabwe), Northern Rhodesia (colonial Zambia) and Nyasaland (colonial Malawi) had been established through the Southern Rhodesia Coinage and Currency Act of 1932. The Reserve Bank of Rhodesia (which became the Reserve Bank of Zimbabwe at independence in 1980) has con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harare
Harare (; formerly Salisbury ) is the capital and most populous city of Zimbabwe. The city proper has an area of 940 km2 (371 mi2) and a population of 2.12 million in the 2012 census and an estimated 3.12 million in its metropolitan area in 2019. Situated in north-eastern Zimbabwe in the country's Mashonaland region, Harare is a metropolitan province, which also incorporates the municipalities of Chitungwiza and Epworth. The city sits on a plateau at an elevation of above sea level and its climate falls into the subtropical highland category. The city was founded in 1890 by the Pioneer Column, a small military force of the British South Africa Company, and named Fort Salisbury after the UK Prime Minister Lord Salisbury. Company administrators demarcated the city and ran it until Southern Rhodesia achieved responsible government in 1923. Salisbury was thereafter the seat of the Southern Rhodesian (later Rhodesian) government and, between 1953 and 1963, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Bank Zimbabwe
Royal Bank Zimbabwe, whose complete name is Royal Bank Zimbabwe Limited, commonly referred to as Royal Bank, was a licensed commercial bank in that formerly operated in Zimbabwe. Overview Royal Bank was a privately owned financial institution and small financial services provider in Zimbabwe. , the bank's total asset valuation is not publicly known. The shareholder's equity in the bank was estimated at about US$12.5 million, the minimum capital requirement for a commercial bank in Zimbabwe, effective December 2010. History The bank was founded in 2001. In 2004, the Reserve Bank of Zimbabwe (RBZ), the national banking regulator, closed the bank down, together with Barbican Bank and Trust Banking Corporation. The assets of the three shuttered banks, were merged, to form Zimbabwe Allied Banking Group (ZABG). In September 2010, the RBZ reversed its decision and reissued the commercial banking licences of the three banks that had been closed. Royal Bank reopened in February 2011, af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CBA Group
Commercial Bank of Africa Group (CBA Group) is a financial services provider in East Africa. Its headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast. The CBA Group is a large financial services group in East Africa, with an asset base valued at KSh:234.79 billion (US$2.343 billion), with shareholders' equity of KSh:28.38 billion (US$283.2 million), as of 30 September 2017. History Commercial Bank of Africa was established in 1962 in Dar es Salaam, Tanzania as a subsidiary of Swiss-based ''Société Financière pour les Pays d'Outre-Mer'' (SFOM). The SFOM consortium included BanqueNationale de Paris, Bank Bruxelles Lambert, Commerz Bank and Bank of America. Branches of the bank were established in Nairobi and Mombasa, Kenya. Another branch was opened in Kampala, Uganda. In 1967, the Government of Tanzania nationalized all commercial banks in the country as part of the government's nationalization of large industri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank Of Africa (Tanzania)
Commercial Bank of Africa (Tanzania) (CBAT) is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the country's central bank and national banking regulator. The bank is a subsidiary of the Commercial Bank of Africa Group and has its headquarters in Nairobi, Kenya. Location The headquarters and main branch of CBA Tanzania Limited are located at Amani Place, along Ohio Street, in Dar es Salaam, Tanzania's largest city and financial capital. The geographical coordinates of the bank's headquarters are: 06°48'42.0"S, 39°17'15.0"E (Latitude:-6.811667; Longitude:39.287500). Overview CBAT serves the banking needs of individuals and businesses in Tanzania. The bank focuses on meeting the banking needs of large corporations, diplomatic missions, non-governmental organizations, and high-end private clients. , the bank's total assets were valued at TZS:462.2 billion (approximately US$204 million), with shareholders equity of TZS:43 billion (US$19 million). History The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank Of Africa
Commercial Bank of Africa (CBA) was a financial services provider headquartered in Nairobi, Kenya, the largest economy in the East African Community. CBA was licensed by the Central Bank of Kenya, the central bank and national banking regulator. , the bank was one of the largest commercial banks in Kenya with assets of approximately US$2.166 billion (KES:215.6 billion), with shareholders' equity of approximately US$217.83 million (KES:21.68 billion). It was the largest privately owned commercial bank in Kenya. History The bank was founded in 1962 in Dar es Salaam, Tanzania. Soon, branches were opened in Nairobi & Mombasa, Kenya and in Kampala, Uganda. When Tanzania nationalised private banks in 1967, the bank moved its headquarters to Nairobi. Following political changes in Uganda in 1971, the bank sold its assets in that country. At the beginning, CBA was owned by a consortium of financial institutions known as ''Société Financière pour les Pays d'Outre-Mer'' (SFOM), based ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barclays Bank (Uganda)
Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries. Absa Bank Group, whose shares trade on the JSE Limited, was reported to have total assets in excess of US$91 billion, as of October 2019. Overview The bank is primarily involved in meeting the banking needs of individuals, small and medium-sized businesses (SMEs), and large corporations. Before 2006, the bank focused on meeting the banking needs of only large corporations and high-net-worth individuals. That focus was loosened to include SMEs and regular customers. As of December 2021, the bank's total assets were valued at UGX:3.9 trillion (US$1.1 billion), with shareholde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arusha Declaration
The Arusha Declaration ( sw, Azimio la Arusha) and TANU’s Policy on Socialism and Self Reliance (1967), referred to as the Arusha Declaration, is known as Tanzania’s most prominent political statement of African Socialism, ‘Ujamaa’, or brotherhood (Kaitilla, 2007). The Arusha declaration is divided into five parts: The TANU “Creed”; The Policy of Socialism; The Policy of Self Reliance; the TANU Membership; and the Arusha Resolution. Contents Creed Part one of the Arusha Declaration, The TANU “Creed”, outlines the principles of socialism and the role of government: # That all human beings are equal; # That every individual has a right to dignity and respect; # That every citizen is an integral part of the Nation and has a right to take an equal part in Government at local, regional and national level; # That every citizen has a right to freedom of expression, of movement, of religious belief and of association within the context of the law; # That every ind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Tanzania
The politics of Tanzania takes place in a framework of a unitary presidential democratic republic, whereby the President of Tanzania is both head of state and head of government, and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and parliament. The party system is dominated by the Chama Cha Mapinduzi (''Revolutionary State Party''). The Judiciary is independent of the executive and the legislature. Political conditions Full independence came in December 1961 and Julius Kambarage Nyerere (1922–1999), a socialist leader who led Tanganyika from colonial rule, was elected President in 1961. One of Africa’s most respected figures, Julius Nyerere was seen as a politician of principle and intelligence. Known as ''Mwalimu'' (teacher), he proposed a widely acclaimed vision of education. From independence in 1961 until the mid-1980s, Tanzania was a one-party state, with a socialist model of economic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kampala
Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Rubaga Division. Kampala's metropolitan area consists of the city proper and the neighboring Wakiso District, Mukono District, Mpigi District, Buikwe District and Luweero District. It has a rapidly growing population that is estimated at 6,709,900 people in 2019 by the Uganda Bureau of Statistics in an area of . In 2015, this metropolitan area generated an estimated nominal GDP of $13.80221 billion (constant US dollars of 2011) according to Xuantong Wang et al., which was more than half of Uganda's GDP for that year, indicating the importance of Kampala to Uganda's economy. Kampala is reported to be among the fastest-growing cities in Africa, with an annual population growth rate of 4.03 percent, by City Mayors. Mercer (a New York- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
