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Bank Of Central African States
The Bank of Central African States (french: Banque des États de l'Afrique Centrale, BEAC) is a central bank that serves six central African countries which form the Economic and Monetary Community of Central Africa: *Cameroon *Central African Republic * Chad * Equatorial Guinea *Gabon * Republic of the Congo In December 2010, a WikiLeaks memo dated June 3, 2005, said that Gabonese officials working for the Bank of Central African States stole US$36 million over a period of five years from the pooled reserves, giving much of the money to members of France's two main political parties. Governors Philibert Andzembe of Gabon was Governor of the Bank of Central African States from July 2007 until October 2009, when he was fired by the new president of Gabon, Ali Bongo, in response to a bank scandal in which $28.3 million went missing from the bank's Paris branch. Jean Félix Mamalepot, also from Gabon, was Governor for the preceding 17 years. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yaoundé
Yaoundé (; , ) is the capital of Cameroon and, with a population of more than 2.8 million, the second-largest city in the country after the port city Douala. It lies in the Centre Region of the nation at an elevation of about 750 metres (2,500 ft) above sea level. The outpost of Epsumb or Jeundo was founded between the Nyong and Sanaga rivers at the northern edge of the area's forests in 1887 by German explorers as a trading base for rubber and ivory. A military garrison was built in 1895 which enabled further colonization. After Imperial Germany's defeat in World War I, France held eastern Cameroon as a mandate, and Yaoundé was chosen to become the capital of the colony in 1922. Douala remained the more important settlement, but Yaoundé saw rapid growth and continued as the seat of government for the Republic of Cameroon upon its independence in 1960. Most of Yaoundé's economy is still centred on the administrative structure but major industries in Yaoundé inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor Of The Bank Of Central African States
A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political region or polity, a ''governor'' may be either appointed or elected, and the governor's powers can vary significantly, depending on the public laws in place locally. The adjective pertaining to a governor is gubernatorial, from the Latin root ''gubernare''. Ancient empires Pre-Roman empires Though the legal and administrative framework of provinces, each administrated by a governor, was created by the Romans, the term ''governor'' has been a convenient term for historians to describe similar systems in antiquity. Indeed, many regions of the pre-Roman antiquity were ultimately replaced by Roman 'standardized' provincial governments after their conquest by Rome. Plato used the metaphor of turning the Ship of State with a rudder; the Latin w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Republic Of The Congo
The economy of the Republic of the Congo is a mixture of subsistence hunting and agriculture, an industrial sector based largely on petroleum extraction and support services. Government spending is characterized by budget problems and overstaffing. Petroleum has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. Nowadays the Republic of the Congo is increasingly converting natural gas to electricity rather than burning it, greatly improving energy prospects. Historical overview Earlier in the 1990s, Congo's major employer was the state bureaucracy, which had a payroll of 80,000, which is enormous for a country of Congo's size. The World Bank and other international financial institutions pressured Congo to institute sweeping civil service reforms to reduce the size of the state bureaucracy and pare back a civil service payroll that amounted to more than 20% of GDP in 1993. The effort to cut back began in 1994 with a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Chad
The economy of Chad suffers from the landlocked country's geographic remoteness, drought, lack of infrastructure, and political turmoil. About 85% of the population depends on agriculture, including the herding of livestock. Of Africa's Francophone countries, Chad benefited least from the 50% devaluation of their currencies in January 1994. Financial aid from the World Bank, the African Development Bank, and other sources is directed largely at the improvement of agriculture, especially livestock production. Because of lack of financing, the development of oil fields near Doba, originally due to finish in 2000, was delayed until 2003. It was finally developed and is now operated by ExxonMobil. In terms of gross domestic product, Chad ranks 143rd globally with $11.051 billion dollars as of 2018. Agriculture Chad produced in 2018: * 987 thousand tons of sorghum; * 893 thousand tons of peanut butter; * 756 thousand tons of millet; * 484 thousand tonnes of yam (8th largest produ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Cameroon
The economy of Cameroon was one of the most prosperous in Africa for a quarter of a century after independence. The drop in commodity prices for its principal exports – petroleum, cocoa, coffee, and cotton – in the mid-1980s, combined with an overvalued currency and economic mismanagement, led to a decade-long recession. Real per capita GDP fell by more than 60% from 1986 to 1994. The current account and fiscal deficits widened, and foreign debt grew. Yet because of its oil reserves and favorable agricultural conditions, Cameroon still has one of the best-endowed primary commodity economies in sub-Saharan Africa. Agriculture Cameroon produced in 2018: * 5million tons of cassava (13th largest producer in the world); * 3.9million tonnes of plantain (3rd largest producer in the world, only behind Congo and Ghana); * 2.6million tons of palm oil (7th largest producer in the world); * 2.3million tons of maize; * 1.9million tons of taro (3rd largest producer in the world, seco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Central African Republic
The economy of the Central African Republic is $2.321 billion by gross domestic product as of 2019, with an estimated annual per capita income of just $805 as measured by purchasing power parity in 2019. Sparsely populated and landlocked, the Central African Republic is overwhelmingly agrarian. The vast bulk of the population engages in subsistence farming and 55% of the country's GDP derives from agriculture. Subsistence agriculture, together with forestry, remains the backbone of the economy of the Central African Republic (CAR), with more than 70% of the population living in outlying areas. Principal food crops include cassava, peanuts, sorghum, millet, maize, sesame, and plantains. Principal cash crops for export include cotton, coffee, and tobacco. Timber has accounted for about 16% of export earnings and the diamond industry for nearly 54%. Central African Republic is a least developed country according to United Nations. Infrastructure Much of the country's limite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Africa
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. , approximately 1.3 billion people were living in 54 countries in Africa. Africa is a resource-rich continent. Recent growth has been due to growth in sales in commodities, services, and manufacturing. West Africa, East Africa, Central Africa and Southern Africa in particular, are expected to reach a combined GDP of $29 trillion by 2050. In March 2013, Africa was identified as the world's poorest inhabited continent; however, the World Bank expects that most African countries will reach "middle income" status (defined as at least US$1,025 per person a year) by 2025 if current growth rates continue. There are a number of reasons for Africa's poor economy: historically, even though Africa had a number of empires trading with many parts of the world, most people lived in tribal rural societies; in addition, European colonization and the later Cold War created political, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CFA Franc
The CFA franc (french: franc CFA, , Franc of the Financial Community of Africa, originally Franc of the French Colonies in Africa, or colloquially ; abbreviation: F.CFA) is the name of two currencies, the West African CFA franc, used in eight West African countries, and the Central African CFA franc, used in six Central African countries. Although separate, the two CFA franc currencies have always been at parity and are effectively interchangeable. The ISO currency codes are XAF for the Central African CFA franc and XOF for the West African CFA franc. On 22 December 2019, it was announced that the West African currency would be reformed and replaced by an independent currency to be called Eco. Both CFA francs have a fixed exchange rate to the euro: 100 CFA francs = 1 French franc = €0.152449; or €1 = F 6.55957 = F.CFA 655.957 exactly. Usage CFA francs are used in fourteen countries: twelve nations formerly ruled by France in West and Central Africa (excludin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks And Currencies 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 * List of currencies in Africa African currency was originally formed from basic items, materials, animals and even people available in the locality to create a medium of exchange. This started to change from the 17th century onwards, as European colonial powers introduced thei ... 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 Africa [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Centrale Des États De L'Afrique De L'Ouest
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] |
Abbas Mahamat Tolli
Abbas may refer to: People * Abbas (name), list of people with the name, including: **Abbas ibn Ali, Popularly known as Hazrat-e-Abbas (brother of Imam Hussayn) **Abbas ibn Abd al-Muttalib, uncle of Muhammad ** Mahmoud Abbas (born 1935), Palestinian president ** Abbas (actor) (born 1975), Indian actor ** Abbas the Great (1571–1629), Fifth Safavid Shah of Iran Places Algeria * Kingdom of Ait Abbas ** Kalâa of Ait Abbas Azerbaijan * Abbas, Azerbaijan Iraq * Al Abbas Mosque, shrine of Abbas ibn Ali in Karbala Iran Khuzestan Province * Abbas, Ahvaz * Abbas, Behbahan Lorestan Province * Abbas, Dowreh * Abbas Barfi * Abbas-e Kalpat United Kingdom In English place-names the affix "Abbas" denotes former ownership by an abbey. * Abbas Combe, Somerset * Abbas Hall, Suffolk * Bradford Abbas, Dorset * Cerne Abbas, Dorset * Compton Abbas, Dorset * Itchen Abbas, Hampshire * Melbury Abbas, Dorset * Milton Abbas, Dorset * Winterbourne Abbas, Dorset See also * Abba (disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jean-Félix Mamalepot
Jean-Félix Mamalepot (December 28, 1940 – December 12, 2012) was a Gabonese banker who was Governor of the Bank of Central African States The Bank of Central African States (french: Banque des États de l'Afrique Centrale, BEAC) is a central bank that serves six central African countries which form the Economic and Monetary Community of Central Africa: *Cameroon *Central African ... (BEAC) from 1990 to 2007."Gabon : Jean Félix Mamalepot quitte la tête de la BEAC" , InfoPlusGabon, May 1, 2007 . Life and career Mamalepot was born at Mbabiri in the Haut-Ogooué Province of Gabon;"Mamalepot Jean-Félix", ''Gabon: Les hommes de pouvoir'', number 4[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
