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ProCredit Bank DRCongo
Equity Banque Commerciale du Congo (EquityBCDC) is a commercial bank in the Democratic Republic of the Congo. It is a merger between Equity Bank Congo (EBC), formerly ProCredit Bank DRCongo, and Banque Commerciale du Congo. This followed the acquisition of majority shareholding in both banks by the Equity Group Holdings Limited, a Kenya-based financial services conglomerate (company), conglomerate with total assets in excess of US$10 billion. Overview As of December 2021, EquityBCDC had total assets of US$3.7 billion, with over 1,300,000 bank accounts. In the calendar year ended 31 December 2021, the bank realized an after-tax profit of US$40.2 million and paid tax amounting to US$9.4 million to the DRC government. Equity Bank Congo EBC was a commercial bank in the DRC. As of May 2015, it was the seventh largest commercial bank in the country, with assets exceeding US$200 million and shareholders' equity of US$25 million. At that time, its customer base exceeded 170,000. Acc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, 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 general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Investment Corporation
Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is a Development Finance Institution (DFI) and a subsidiary of KfW Group. It was founded in Cologne in September 1962 as a federally owned company by the former Federal President Walter Scheel. Since its foundation, DEG has been headquartered in Cologne. In 2008, DEG moved into a modern, energy efficient office building in the city centre. DEG has 20 representative offices across the world, inter alia in Bangkok, Beijing, Istanbul, Jakarta, Johannesburg, Lagos, Lima, Mexico City, Nairobi, New Delhi, São Paulo and Singapore. In 2021, DEG employed a staff of approximately 650, both in Germany and abroad. DEG generated new business totaling EUR 1.5 billion in 2021 and the balance sheet total amounted to EUR 5.328 billion. Since its foundation, DEG has co-financed almost 1,300 companies in more than 120 countries. With a portfolio of around EUR 9.2 billion in nearly 80 countries DEG is one of the world's largest private-se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2020
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. As 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 ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In The Democratic Republic Of The Congo
This is a list of commercial banks in the Democratic Republic of the Congo, as updated on by the Central Bank of the Congo: List of commercial banks * Equity Banque Commerciale du Congo (Equity BCDC, heir to the Banque du Congo Belge), part of Equity Group Holdings * FirstBank DRC SA, part of FirstBank Group * Citi Group Congo SA, part of Citigroup * Standard Bank Congo, part of Standard Bank Group * Rawbank * Ecobank, part of Ecobank Group * Trust Merchant Bank (TMB), part of KCB Group * Afriland First Bank CD SA, part of Afriland First Bank Group * Access Bank RDC, part of Access Bank Group * Solidaire Banque SA * SoFi Bank * CRDB Bank DR Congo SA, part of CRDB Bank Group * Bank Of Africa RDC SA (BOA), part of Bank of Africa Group * United Bank For Africa DRC SA (UBA), part of UBA Group * BGFibank, part of BGFIBank Group Defunct banks # African Trade Bank (ATB) # Bank with Gold Confidence (Bancor) # Congolese Bank of Commerce Outside (BCCE) # Continental Bank of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Nation
The ''Daily Nation'' is a Kenyan newspaper. It was founded in 1958 and is published in Nairobi. History The ''Daily Nation'' was started in the year 1958 as a Swahili weekly called ''Taifa'' by the Englishman Charles Hayes. It was bought in 1959 by the Aga Khan, and became a daily newspaper, ''Taifa Leo'' (Swahili for "Nation Today"), in January 1960. An English-language edition called ''Daily Nation'' was published on 3 October 1960, in a process organised by former editor of the British '' News Chronicle'', Michael Curtis. The publisher was East African Newspapers (Nation Series) Ltd, which later became the Nation Media Group, with operations throughout the African Great Lakes region and is owned by the Aga Khan. Goan Kenyan journalist Cyprian Fernandes worked at the ''Daily Nation'' and ''Sunday'' ''Nation'' from 1960 until he was forced to flee Kenya around 1973, owing to his investigative journalism probing irregularities which came too close to the government under ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The EastAfrican
''The EastAfrican'' is a weekly newspaper published in Kenya since 7 November 1994, by the Nation Media Group, which also publishes Kenya's national ''Daily Nation''. The ''EastAfrican'' also circulates in the other countries of the African Great Lakes region, including Tanzania, Uganda, and Rwanda. It contains stories and in-depth analysis from each country in the region, in addition to international stories. In 1993, the Nation Group's managing editor, Wangethi Mwangi, requested experienced British journalist Gerry Loughran to return to Kenya to establish a regional newspaper. Joined by future editor Joseph Odindo and future marketing manager Jerry Okungu, Loughran traveled to Nairobi, Mombasa, Kisumu, Kampala, Arusha, Dar es Salaam, and Zanzibar Zanzibar is a Tanzanian archipelago off the coast of East Africa. It is located in the Indian Ocean, and consists of many small Island, islands and two large ones: Unguja (the main island, referred to informally as Zanzibar) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COMESA
The Common Market for Eastern and Southern Africa (COMESA) is a regional economic community in Africa with twenty-one member states stretching from Tunisia to Eswatini. COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Nine of the member states formed a free trade area in 2000 (Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe), with Rwanda and Burundi joining the FTA in 2004, the Comoros and Libya in 2006, Seychelles in 2009, Uganda in 2012 and Tunisia in 2018. COMESA is one of the pillars of the African Economic Community. In 2008, COMESA agreed to an African Free Trade Zone, expanded free-trade zone including members of two other African trade blocs, the East African Community (EAC) and the Southern Africa Development Community (SADC). COMESA is also considering a common visa scheme to boost tourism. Membership Current members Former members Organs According to the treaties, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Arthur Forrest
George Arthur Forrest (born 1940) is a Belgian entrepreneur, owner of the Forrest Group (''Groupe Forrest''), a group of companies founded in the Belgian Congo in 1922 and active in wind power and hydroelectric energy, construction, mines and metallurgy, biological food and aviation. Background George Arthur Forrest was born in 1940 in Lubumbashi in what is now the Democratic Republic of the Congo (DRC). He was the son of an Irish immigrant. His father, Malta Forrest, had founded l'Entreprise Générale Malta Forrest (EGMF) in 1922 in Katanga Province in the south of the Belgian Congo. The company started as a transport company, then moved into mining and then into civil engineering. In 1968 it became a limited liability company, with George Forrest and his adoptive brother Victor Eskenazi-Forrest as Managing Directors. In 1986, after his brother died, George Forrest took full control. He created the George Forrest International Group in 1995. In the early 2000s his company acqui ... [...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] |
East Africa
East Africa, also known as Eastern Africa or the East of Africa, is a region at the eastern edge of the Africa, African continent, distinguished by its unique geographical, historical, and cultural landscape. Defined in varying scopes, the region is recognized in the United Nations Statistics Division United Nations geoscheme for Africa, scheme as encompassing 18 sovereign states and 4 territories. It includes the Horn of Africa to the North and Southeastern Africa to the south. Definitions In a narrow sense, particularly in English-speaking contexts, East Africa refers to the area comprising Kenya, Tanzania, and Uganda, largely due to their shared history under the Omani Empire and as parts of the British East Africa Protectorate and German East Africa. Further extending East Africa's definition, the Horn of Africa—comprising Djibouti, Eritrea, Ethiopia, and Somalia—stands out as a distinct geopolitical entity within East Africa.Robert Stock, ''Africa South of the Sahara, ... [...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] |
