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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 Liberia Information on the Economy of Liberia
List of Banks in Liberia How to create a company
 

Republic of Liberia:

Eight years of civil strife were brought to a close in 1997 when free and open presidential and legislative elections were held. President TAYLOR now holds strong executive power with no real political opposition. Years of fighting, coupled with the flight of most businesses, have disrupted formal economic activity. A still unsettled domestic security situation has slowed the process of rebuilding the social and economic structure of this war-torn country. In 2001, the UN imposed sanctions on Liberian diamonds, along with an arms embargo and a travel ban on government officials, for Liberia's support of the rebel insurgency in Sierra Leone. Renewed rebel activity has further eroded stability and economic activity. An August 2003 peace agreement ended the war and prompted the resignation of former president Charles TAYLOR, who faces war crimes charges in The Hague related to his involvement in Sierra Leone's civil war. After two years of rule by a transitional government, democratic elections in late 2005 brought President Ellen JOHNSON SIRLEAF to power. The UN Mission in Liberia (UNMIL) maintains a strong presence throughout the country, but the security situation is still fragile and the process of rebuilding the social and economic structure of this war-torn country will take many years.

 

Official Name:

Republic of Liberia

short form: Liberia

 

ISO Country Code: ly

 

Time:

Local Time = UTC +0h

Actual Time: Sat-Oct-3  15:28

 

Country Calling Code: +231

 

Capital City: Monrovia (pop. 600 000)

 

Other Cities: Buchanan (est. 300 000), Ganta (est. 290 000), Gbarnga (est. 150 000), Kakata (est. 100 000), Harbel (est. 136 000)

 

Government:

Type: Republic.

Independence: 26 July 1847 (from American Colonization Society).

Constitution: 6 January 1986.

 

Geography:

Location: Western Africa, bordering the North Atlantic Ocean, between Cote d'Ivoire and Sierra Leone.

Area: 111,369 km² (43,000 sq. mi.).

Terrain: Three areas--Mangrove swamps and beaches along the coast, wooded hills and semideciduous shrublands along the immediate interior, low mountains in northeast, dense tropical forests and plateaus in the interior. Liberia has 40% of West Africa's rain forest.

 

Climate: tropical; hot, humid; in winter: dry with hot days and cool to cold nights; dust-laden harmattan winds blow from the Sahara (December to March) in summer: wet, cloudy with frequent heavy showers.

 

People:

Nationality: Liberian(s).

Population: 3.5 million (2008 census)

Ethnic groups: Kpelle 20%, Bassa 16%, Gio 8%, Kru 7%, 49% spread over 12 other ethnic groups.

Religions: Christian 40%, Animist 40%, Muslim 20%.

Languages: English (official). There are 16 indigenous languages.

Literacy: 20-40% (est).

 

Natural resources: Deposits of iron ore, rubber, timber, diamonds, gold and tin, hydropower; crude oil along Atlantic Coast.

 

Agriculture products: Coffee, cocoa, sugarcane, rice, cassava, palm oil, bananas, plantains, citrus, pineapple, sweet potatoes, corn, and vegetables.

 

Industries: Iron ore, rubber, palm oil processing, timber, diamonds, gold, beverages, construction.

 

Exports partners: Belgium 41.4%, Spain 11.6%, USA 9.1%, Malaysia 5.5%, Thailand 4.6%, Poland 4.6%, Germany 4.4% (2005)

 

Imports partners:

South Korea 37.9%, Japan 21.1%, Singapore 14.2%, Croatia 4.7% (2005)

 

Currency: Liberian Dollar (LRD)

 

 

 

 

 

  QUICK LINKS & RESOURCES
 

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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