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West African Bankers Association

Association des Banques d'Afrique de l'Ouest

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WABA Training Schedule 2016
 1. Report Writing and Presentation Skills
 2. Management Programme for Secretaries
 3. Management Programme for Personal and Special Assistants
 4. Human Resource Management
 5. Credit Facility Structuring, Documentation and Perfection of Securities
 6. Risk Management
 7. Fraud Prevention
 8. Documentation and Administration of Securities for lending
   
 
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Information on Guinea Bissau Information on the Economy of G.Bissau
List of Banks in Guinea Bissau How to create a company
 

Republic of Guinea Bissau:

Guinea-Bissau was the only country in West Africa to have fought its way to independence. The war with Portugal ended in 1974, but since the country has been plagued by coups and political unrest. 

In 1980, a military coup established authoritarian dictator Joao Bernardo 'Nino' VIEIRA as president, VIEIRA was a key figure in struggle against Portuguese colonial rule. Despite setting a path to a market economy and multiparty system, VIEIRA's regime was characterized by the suppression of political opposition and the purging of political rivals. Several coup attempts through the 1980s and early 1990s failed to unseat him. In 1994 VIEIRA was elected president in the country's first free elections.

A military mutiny and resulting civil war in 1998 eventually led to VIEIRA's ouster in May 1999. In February 2000, a transitional government turned over power to opposition leader Kumba YALA, after he was elected president in transparent polling. In September 2003, after only three years in office, YALA was ousted by the military in a bloodless coup, and businessman Henrique ROSA was sworn in as interim president. In 2005, former President VIEIRA returned from asylum to win presidential election pledging to pursue economic development and national reconciliation. In March 2009 President VIEIRA was killed in an assassination attack. He was replaced by an elected leader (Malam Bacai Sanhá).
Guinea-Bissau is a major transit point for Latin American cocaine headed for Europe and some army officials are known to have become involved in the trade.

In April 2012 Guinea-Bissau troops staged a coup attempt, attacking the prime minister's residence, arresting politicians and taking over the national radio station and the ruling party headquarters. This took place short before the second round of Guinea-Bissau's presidential election and short after Angola's mission to support the military reform in the West African country (MISAANG) has ended.

Official Name: 
República da Guiné-Bissau
short form: Guiné-Bissau
int'l long form: Republic of Guinea-Bissau
int'l short form: Guinea-Bissau
formerly: Portuguese Guinea (until 1974)

ISO Country Codegw 

Time:
Local Time = 
UTC (no GMT time offset)
Actual Time: 
Sat-Oct-3  15:19 

Country Calling Code: +245

Capital City: Bissau 

Other Cities: Bolama (former capital of Portuguese Guinea until 1941) Bafata, Gabu, Canchungo, Farim, Cacheu.


Government: 
Type: Republic, multi-party since 1991.
Independence: 24 September 1973 (proclaimed unilaterally); 10 September 1974 (de jure from Portugal). 

Geography:
Location: Western Africa, between Guinea and Senegal, bordering the North Atlantic Ocean.
Area: (including Bijagós Archipelago): 36,000 km² (14,000 sq. mi).
Regions: Oio, Tombali, Cacheu, Bolama, Quinara, Biombo, Bafata, Gabu.
Terrain: Almost all of Guinea-Bissau is low-lying and bathed daily by tidal waters that reach as much as 62 miles (100 kilometres) inland; savanna in the east.

Climate: Tropical; generally hot and humid; rainy season (Jun - Nov)

People:
Nationality: Bissau-Guinean(s).
Population: 1.52 million (2009 census)
Ethnic groups: Balanta 30%, Fula 20%, Manjaca 14%, Mandinga 13%, Papel 7%, others 16%.
Religions: Indigenous beliefs 50%, Muslim 45%, Christian 5%.
Languages: Portuguese (official), Crioulo, French, many indigenous languages: Balanta-Kentohe 26%; Pulaar 18%; Mandjak 12%; Mandinka 11%; Pepel 9%; Biafada; Mancanha; Bidyogo; Ejamat; Mansoanka; Bainoukgunyuno; Nalu; Soninke; Badjara; Bayote%; Kobiana; Cassanga, Basary. 
Literacy: 40%

Natural resources: Fish and timber. Deposits of bauxite and phosphate are not exploited; offshore petroleum. 

Agriculture products: Cashews, tropical fruits, rice, peanuts, cotton, palm oil.

Industries: Very little industrial capacity.

Exports partners: 
India 52.2%, USA22.2%, Nigeria 13.2% (2004)

Imports partners: 
Senegal 44.6%,Portugal 13.8%, China 4.2% (2004)

Currency: Communaute Financiere Africaine franc (XOF)

 

 

 

 

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WABA LEADERSHIP

WABA's executive secretariat is under the strategic leadership of the CEO ...read more


BOARD OF DIRECTORS

Board members provide leadership for WABA and its overall operation ....read more


   
 

ANNUAL MEETINGS

WABA's Annual General Meeting creates platform for members to converge ...read more

TRAINING COURSES

Greater attention is being given to training on short courses. Register ...read more


   

Latest News


AfDB approves US $120-million corporate loan to Ghana Airports Company - First private sector investment in Ghana’s transport sector

01/10/2015 - On September 30, 2015, the Board of Directors of the African Development Bank (AfDB) approved a US $120-million corporate loan to support Ghana Airports Company Limited’s (GACL) capital investment programme. The programme entails the construction of a new terminal at Kotoka International Airport (KIA) in Accra, and rehabilitation of other airports managed by GACL including Kumasi, Tamale, Ho and Wa Airports. The loan is the first private-sector investment that the AfDB has financed in Ghana’s transport sector.


Benin, Côte d’Ivoire and Ethiopia to benefit from African Trade Insurance (ATI) Membership Programme

23/09/2015 - The African Development Bank (AfDB) Group has approved a combined US $30 million soft loan to Benin, Côte d'Ivoire and Ethiopia to be utilized for membership subscriptions in the African Trade Insurance Agency (ATI). This is a critical step and a prerequisite for ATI to commence its operations within these countries. Under the approvals, Benin and Ethiopia will each receive US $7.50 million, whilst Côte d'Ivoire will receive US $15.0 million


Banks Positively Reassessing Liberia

There has been a rising stream of good news coming out of the Republic of Liberia. The country recently celebrated a ten year milestone of peace. President Ellen Johnson Sirleaf, elected in 2005 as the first elected female head of state in Africa was re-elected to a second term in 2011. The President was jointly awarded the Nobel Peace Prize in 2011. Other Liberian accomplishments include:

• Corporations
• Election to the UN’s IMO (International Maritime Organization) council
• White listed by OECD Global Forum
• Leading country in extractive industry transparency Initiative
• World’s largest quality Ship Registry

The treatment of Liberian business entities has not always kept pace with the changes in the country. There is a misconception internationally that there are sanctions against Liberia. There are no International nor US Treasury sanctions against Liberia. UN, EU and US Sanctions all specifically target the associates of former President Taylor and his administration. In fact, US Treasury sanctions state:

Title 31 Part 593 of the U.S. Code of Federal Regulations: “The sanctions set forth in E.O. 13348 and implemented in the Regulations are targeted sanctions directed at the regime of former President Charles Taylor. The sanctions are not directed against the country of Liberia, the Government of Liberia, or the Central Bank of Liberia. They do not prohibit the provision of banking services to Liberia, including the maintenance of correspondent banking relationships with Liberian banks, unless the bank in question is a person whose property and interests in property are blocked pursuant to the Regulations.” (Link: PDF Sanction Overview)

International and US Treasury sanctions do not target Liberian corporations. In fact there are no sanctioned Liberian nonresident corporations or Liberian-flag vessels.

In addition, please note: read more……..

 

 

 

 

About WABA


     
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Our Mission and Objectives

 

What We Do at WABA
Our Leadership and Governance

 

     

The West African Bankers Association's mission is "to develop, promote, generate, coordinate and drive cross border banking and financial transactions that will enhance regional trade, economic and financial integration and development." ...read more

WABA creates avenues for the revision and exchange of information on banking practices in the sub-region in particular and in Africa in general, and a forum for the discussion of common problems. The enhancement of the promotion and strengthening of ...read more

WABA comprises 3 organs namely; The Secretariat, The Executive Council and the General Assembly, including the Executive Management, and the Board of Directors. The Secretariat is run by the Secretary General who is the Chief Executive Officer. ...read more

 
 
 
 
 
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