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West African Bankers' Association
The West African Bankers' Association (WABA; french: Association des banques de l'Afrique de l'ouest (ABAO)) is a professional association of banking and financial services and institutions in West Africa. It has its headquarters and offices in Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. History The WABA was created on August 10, 1981 with the main purpose of supporting and developing the West African Clearing House (WACH). Membership and organization The organization has banking, securities, and auditing institutions, and individual members. The secretary general is Sega Balde, with Rev Ifeanyi IWANDE as president. The central banks of each participating countries financed the association. The WABA serves as an intermediary between banks and the sub-regional committee of the central banks. The association is located in Freetown, Sierra Leone. See also * Banque Cap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Association
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific Industry (economics), industry. An industry trade association participates in public relations activities such as advertising, education, publishing, lobbying, and political donations, but its focus is collaboration between companies. Associations may offer other services, such as producing conferences, holding networking or charitable events, or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. In countries with a social market economy, the role of trade associations is often taken by employers' organizations, which also take a role in social dialogue. Political influence One of the primary purposes of trade groups, particularly in the United States, is to attempt to influence p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising of 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the second-largest in Africa. Nigeria has been home to several indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC, marking the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Benin
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] |
Bankers Associations
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 anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Ghana
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 anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yaw Osafo-Marfo
Yaw Osafo-Maafo is a Ghanaian politician who was appointed in April as the senior presidential advisor to the Akufo-Addo Administration 2021. He was Senior Minister of the Republic of Ghana in the Akufo-Addo Administration from 2017 to 2021. He was Member of Parliament for Akim Oda from 1997 to 2009, and previously served as Finance Minister and in other cabinet roles in the Kufuor Administration between 2001 and 2009. Early life Yaw Osafo-Maafo was born in Akyem Awisa in 1936. He attended Akyem Awisa Presbyterian School and Achimota School. He went on to study Mechanical Engineering at the Kwame Nkrumah University of Science and Technology (KNUST), Ghana. At KNUST he was the Vice President of the National Union of Ghana Students (NUGS). He joined the Volta Aluminium Company (VALCO) as an engineer and rose through the ranks to become the CEO. Osafo-Maafo established his credentials in the banking and finance sector by heading and successfully restructuring two major Ghanai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Bank Benin
Financial Bank Benin is a commercial bank in Benin. It is a member of the West African Bankers' Association. It has its headquarters in Cotonou but also has branches in cities such as Parakou Parakou is the largest city in northern Benin, with an estimated population of around 206,667 people, and capital of the Borgou Department. Administratively the commune of Parakou makes up one of Benin's 77 communes. Since 2015, its mayor is Sour .... The bank is dominated by Swiss ownership, with Financial BC in Geneva having an 85% share, Aiglon S.A. in Geneva with 15% and private French shares (0.01%). The bank has a 25% share in the Benin microfinance group Finadev. References Banks of Benin Companies based in Cotonou {{benin-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Community Of West African States
The Economic Community of West African States (ECOWAS; also known as in French and Portuguese) is a regional political union, political and economic union of fifteen countries located in West Africa. Collectively, these countries comprise an area of , and in 2015 had an estimated population of over 349 million. Considered one of the pillar trade bloc, regional blocs of the continent-wide African Economic Community (AEC), the stated goal of ECOWAS is to achieve "collective self-sustainability, self-sufficiency" for its member states by creating a single large trade bloc by building a full economic and trading union. The union was established on 28 May 1975, with the signing of the Treaty of Lagos, with its stated mission to promote economic integration across the region. A revised version of the treaty was agreed and signed on 24 July 1993 in Cotonou. The ECOWAS also serves as a peacekeeping force in the region, with member states occasionally sending joint military forces to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of West African States
The Central Bank of West African States (french: Banque Centrale des États de l'Afrique de l'Ouest, BCEAO) is a central bank serving the eight west African countries which share the common West African CFA franc currency and comprise the West African Economic and Monetary Union (UEMOA): *Benin *Burkina Faso *Guinea-Bissau * Ivory Coast (Côte d'Ivoire) *Mali *Niger *Senegal *Togo The Bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. History Its predecessor, the ("note-issuing institute of French West Africa and Togo"), was created in 1955 and became BCEAO in 1959. The treaty establishing the West African Monetary Union (UMOA), signed on May 12, 1962, gave BCEAO the exclusive right to issue currency as the common central bank for the, then, seven member countries: *Ivory Coast * Dahomey (modern day Benin) * Haute-Volta (modern day Burkina Faso) *Mali *Mauritania *Niger *Senegal On June 30, 1962 Mali left the group ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Internationale Du Bénin
Banque Internationale du Bénin (B.I.B.E.) is a national bank of Benin. It is a member of the West African Bankers' Association. It has its headquarters at Carrefour des 3 Banques in Cotonou but also has branches in Porto-Novo and Parakou. Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ... dominates the bank, with the First Bank of Nigeria Plc. having a 13.6% share, the Union Bank of Nigeria Plc. (13%), Nigerian Economic Operatives (47.7%), Nigerian Bureau of Public Enterprises (6.7%), and then the First Interstate Merchant Bank Ltd. (11.1%) and finally the Beninese Economic Operatives with 8.2%. References Banks of Benin Companies based in Cotonou * Banque Capitale Du Benin {{benin-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freetown
Freetown is the capital and largest city of Sierra Leone. It is a major port city on the Atlantic Ocean and is located in the Western Area of the country. Freetown is Sierra Leone's major urban, economic, financial, cultural, educational and political centre, as it is the seat of the Government of Sierra Leone. The population of Freetown was 1,055,964 at the 2015 census. The city's economy revolves largely around its harbour, which occupies a part of the estuary of the Sierra Leone River in one of the world's largest natural deep water harbours. Although the city has traditionally been the homeland of the Sierra Leone Creole people, the population of Freetown is ethnically, culturally, and religiously diverse. The city is home to a significant population of all of Sierra Leone's ethnic groups, with no single ethnic group forming more than 27% of the city's population. As in virtually all parts of Sierra Leone, the Krio language of the Sierra Leone Creole people is Freetown's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
