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West African Bankers Association

Association des Banques d'Afrique de l'Ouest

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WABA Training Schedule 2017
 1. Report Writing and Presentation Skills
 2. Management Programme for Secretaries
 3. Management Programme for Personal and Special Assistants
 4. Human Resource Management
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Information on Benin Information on the Economy of Benin
List of Banks in Benin How to create a company
 

Republic of Benin:

Background:

 

The Republic of Benin is a from north to south long stretched country in West Africa, situated east of Togo and west of Nigeria, it is bordered to the north by Burkina Faso and Niger, in south by the the Bight of Benin, in the Gulf of Guinea, that part of the tropical North Atlantic Ocean which is roughly south of West Africa. Benin's coastline is just 121 km (75 mi) long.

With an 
area of 112,622 km² the country is slightly larger thanBulgaria, or slightly smaller than the U.S. state Pennsylvania. Benin's former name, until 1975, was Dahomey.

Porto-Novo, a port on an inlet of the Gulf of Guinea is the nations capital city, largest city and economic capital is Cotonou. Spokenlanguages are French (official), Fon and Yoruba. 

This page aims to give you a broad overview of Benin's art, culture, people, environment, geography, history, economy and government.

Time:
Local Time = 
UTC +1h 
Actual Time: 
Sat-Oct-3  14:46 

Country Calling Code: +229

Capital City: 
Porto-Novo (pop. 295 000)
Largest cityand economic capital:
Cotonou (pop. 2 million)

Other Cities: Abomey, Gavié, Kandi, Ouidah

Government: 
Type: Republic under multiparty democratic rule.
Independence: 1 August 1960 (fom France).
Constitution: 10 December 1990.

Geography:
Location: Western Africa
Area: 112,622 km² (43,483 sq. mi.).
Terrain: Mostly flat plains of 200 meters average elevation, but the Atacora Mountains with the highest points being Mont Sokbaro 658 m, Mont Tanekas 641 m.

Climate: Tropical, average temperatures between 24 and 31 C. Humid in south; semiarid in north.

People:
Nationality: Beninese
Population: 9.9 million (2013)
Ethnic groups: 42 ethnic groups, most important being Fon, Adja, Yoruba, and Bariba.
Religions: Indigenous beliefs (animist) 50%, Christian 30%, Muslim 20%.
Languages: French (official), Fon and Yoruba in the south; Nagot, Bariba and Dendi in the north.
Literacy: Total population 39%; men 53%, women 25%. 

Natural resources: Small offshore oil deposits, limestone, marble, timber.

Agriculture products: Cotton, corn, cassava (tapioca), yams, beans, palm oil, peanuts, livestock (2001)

Industries: Textiles, food processing, construction materials, cement (2001)

Exports - commodities: cotton, cashews, shea butter, textiles, palm products, seafood

Exports partners: 
China 25%India23.5%, Lebanon 18.7%, Niger 4.3%,Nigeria 4% (2012)

Imports - commodities: foodstuffs, capital goods, petroleum products

Imports partners: 
China 37.2%, US8.9%, India 6.7%, France 5.6%,Malaysia 5.3% (2012)

Currency: Communaute Financiere Africaine franc (XOF)

 

 

 

 

 

 

  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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