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Banque De Crédit De Bujumbura
The Credit Bank of Bujumbura (), or BCB, is a commercial bank in Burundi. Origins The BCB originated as a branch of the (BCB), which was created in 1909 by the of the Kingdom of Belgium. From 1911 to 1952, the was a bank of issue. It opened a branch in Usumbura (now Bujumbura) in 1922. Usumbura, a port on Lake Tanganyika, was the region's commercial centre. In 1964, after Burundi became independent and banking regulations were revised, the former branch of the became the (BCB). BCB began operations on 8 August 1964 with capital of . Shareholding changes The was acquired in 1965 by . In June 2008, the bank's main shareholder, , sold its shares in BCB to three independent banks, the Bank of Africa Group (BOA Group), the Belgian Investment Company for Developing Countries (BIO) and . BIO made an initial investment of €1 million. The next month, BCB signed a partnership contract with the BOA Group. In 2009 and 2010 BIO made additional investments of €230,000 and €832 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bujumbura
Bujumbura (; ), formerly Usumbura, is the economic capital, largest city and main port of Burundi. It ships most of the country's chief export, coffee, as well as cotton and tin ore. Bujumbura was formerly the country's political capital. In late December 2018, Burundian president Pierre Nkurunziza announced that he would follow through on a 2007 promise to return Gitega its former political capital status, with Bujumbura remaining as economical capital and center of commerce. A vote in the Parliament of Burundi made the change official on 16 January 2019, with all branches of government expected to move to Gitega within three years. History Bujumbura grew from a small village after it became a military post in German East Africa in 1889. After World War I it was made the administrative center of the Belgium, Belgian League of Nations mandate of Ruanda-Urundi. The name was changed from Usumbura to Bujumbura when Burundi became independent in 1962. Since independence, Bujumbura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Africa
Bank of Africa (BOA) is a Moroccan international financial services group headquartered in Casablanca, Morocco. It was formed through the 2010 acquisition of Bank of Africa (est. 1982 in Mali) by the Banque Marocaine du Commerce Extérieur (BMCE, , , est. 1959), following which BMCE rebranded its commercial operations as Bank of Africa in 2020. The BMCE name survives in the byline "BMCE Group" incorporated in the BOA brand identity. As of 2024, the bank is the third-largest in Morocco, with major shareholders including Moroccan financier Othman Benjelloun and French bank Crédit Mutuel Alliance Fédérale. Listed on the Casablanca Stock Exchange, BOA operates in numerous African countries, offering a broad range of financial services across the continent. History Banque Marocaine du Commerce Extérieur At the time of Moroccan independence, the new country's banking system was dominated by French banks, namely the Banque Commerciale du Maroc controlled by Crédit Industri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Burundi
The economy of Burundi is $6.75 billion by gross domestic product as of 2025, being heavily dependent on agriculture, which accounts for 32.9% of gross domestic product as of 2008. Burundi itself is a landlocked country lacking resources, and with almost nonexistent industrialization. Agriculture supports more than 70% of the labor force, the majority of whom are subsistence farmers. Although Burundi is potentially self-sufficient in food production, issues such as civil unrest, overpopulation, and soil erosion have contributed to the contraction of the subsistence economy by 25% in recent years. Large numbers of internally displaced persons have been unable to produce their own food and are largely dependent on international humanitarian assistance. Burundi is a net food importer, with food accounting for 17% of imports in 1997. Burundi is a least developed country according to the United Nations. Agriculture Burundi produced in 2022: * 2.6 million tons of cassava; * 1.3 million ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Burundi
This is a list of banks in Burundi, as updated in late 2024 by the Bank of the Republic of Burundi. List of banks * Banque Commerciale du Burundi (BANCOBU) * Banque de Gestion et de Financement (BGF) * Banque Burundaise pour le Commerce et l'Investissement (BBCI) * FinBank * Interbank Burundi (IBB) * Ecobank Burundi, part of Ecobank Group * Banque de Crédit de Bujumbura (BCB), part of the Bank of Africa Group * Diamond Trust Bank Burundi (DTB), part of Diamond Trust Bank Group * KCB Bank Burundi (KCB), part of KCB Group * CRDB Bank Burundi (CRDB), part of CRDB Bank Group * Banque Communautaire et Agricole du Burundi (BCAB) * Banque d'Investissement pour les JEunes (BIJE), government-owned * Banque de l'Habitat du Burundi (BHB) * Banque d'Investissement et de Développement pour les Femmes (BIDF), government-owned * Banque Nationale de Développement Économique (BNDE) See also * List of banks in Africa * List of companies based in Burundi References External links ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Companies Of Burundi
The Republic of Burundi is a landlocked country in the African Great Lakes region of Southeast Africa. During the colonial period most large companies were owned and run by Europeans, and operated under concessions from the colonial government. After independence in 1962, the state took over operations of several of the companies. Subsequently the state founded a number of state-owned companies to handle specific sectors of the economy, such as sugar, cotton, textiles, cement, brewing and so on. Later, the state sold part or all of their stake in these companies, but retained the right to control the products or services they offered, and to set prices. Notable firms This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank Group
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C., in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations have been established over time: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise. It offers an array of debt and equity financing services, helps companies face their risk exposures while refraining from participating in a management capacity and advices to companies on making decisions, evaluating their impact on the environment and society, and being responsible. The corporation is assesse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ngozi, Burundi
Ngozi is a town located in northern Burundi. It is the largest urban center in the Ngozi Province and the location of the provincial headquarters. Location The town of Ngozi is located in Ngozi Commune, in Ngozi Province, in central northern Burundi. This is approximately northeast of Bujumbura, the economic and financial capital of Burundi. Ngozi is located approximately north of the city of Gitega, the national political capital. The geographical coordinates of Ngozi Town are: 02°54'30.0"S, 29°49'37.0"E (Latitude: -2.908333; Longitude:29.826944). The town is nestled at an average elevation of above mean sea level. Climate Population The national population census of 16 August 1990 enumerated the population at 14,511. On 16 August 2008, the national census that year put the population of Ngozi, Burundi at 39,774 people. Economy The residents in the town and surrounding communities are primarily subsistence agriculturalists who also keep domesticated animals, primari ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Du Thé Du Burundi
The Burundi Tea Office (), or OTB, is a public company that supports the tea industry in Burundi. Background Burundian tea is a high-altitude tea that has been cultivated since 1931 on the flanks of the high mountains of the Congo-Nile ridge. The tea gardens are planted at an altitude of . The favorable climate and environment support quality that is comparable to Indian teas. The excellent characteristics of high-altitude tea should place Burundian tea in the high end of the market, but unreliable quality and other factors makes it hard to reach that goal. Monopoly The first tea cultivation trials in Burundi were set up at the Gisozi Agronomic Research Station in 1963. Large-scale tea growing was launched after Burundi gained independence in 1964. OTB was created as a public company in 1971 by presidential decree n° 1/79 of 07/30/1971. Its headquarters are in Bujumbura, and it now has five complexes in the provinces. The OTB was expected to supplement the income of tea grow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Degroof
The Banque Philippson was a significant private bank in Brussels, Belgium, founded in 1871 by Franz Philippson. It took the name Degroof in 1961 following a change in controlling ownership. In 2015, it merged with Belgian brokerage Petercam to form Degroof Petercam. In August 2023, Indosuez Wealth Management (a subsidiary of Paris-based Crédit Agricole) announced its acquisition of an 80-percent stake in Degroof Petercam, which it completed in 2024. Banque Philippson Franz Philippson (1851-1929) was the son of prominent German rabbi Ludwig Philippson and his second wife Mathilde Hirsch. In 1866, he moved to Brussels and started working for Venetian Jewish banker , who had settled in the city a decade earlier. In 1871, the same year as Errera founded the Banque de Bruxelles, he entrusted Philippson with the initial capital for a bank in the latter's own name. In 1877, Errera's mental health problems resulted in Philippson's bank becoming fully autonomous. In 1888, Philippson s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Du Congo Belge
The Banque du Congo Belge (BCB, ; ) was a Belgian colonial bank that mainly operated in the Belgian Congo from 1909 to 1960. Following Congolese independence, it kept operating as the Banque du Congo from 1960 to 1971, the Banque Commerciale Zaïroise from 1971 to 1997, and the Banque Commerciale Du Congo (BCDC) from 1997 to 2020, when it was acquired by Kenya-based Equity Group Holdings and became part of Equity Banque Commerciale du Congo. The BCB was the bank of issue in the Belgian Congo from 1911 to 1952 and in Ruanda-Urundi from 1916 to 1952. It was succeeded in that role in 1952 by the newly established Banque Centrale du Congo Belge et du Ruanda-Urundi. Its operations in Belgium were spun off in 1960 as Banque Belgolaise. Its commercial operations in Burundi were also spun off in 1964 and became the Banque de Crédit de Bujumbura. Background From 1886 to 1908, King Leopold II of the Belgians ruled the Congo Free State as his private domain. On July 27, 1887, he is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
