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West African Bankers Association

Association des Banques d'Afrique de l'Ouest


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WABA LEADERSHIP

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


BOARD OF DIRECTORS

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Information on Guinea Bissau Information on the Economy of Guinea B.
List of Banks in Guinea Bissau How to create a company
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Guinea-Bissau?

Located in Western Africa, Guinea-Bissau has a 762.00 km border with Guinea (421 km) and Senegal (341 km). It has a 350.00 km coastline. There is a longstanding low-grade conflict between Guinea-Bissau and parts of Somalia and Liberia.

 

The capital city of Guinea-Bissau is Bissau. The city is situated on Geba River estuary, off the Atlantic Ocean. Bissau was founded in 1687 by the Portuguese as a trading center and fortified port and became the capital city of Portuguese Guinea in 1942. It became the capital of Guinea-Bissau in 1974, one year after the country’s independence. Bissau is the largest and the most populous city in Guinea-Bissau with a population of approximately 492,000. Although Bissau has suffered the effects of the Civil War and the frequent unrest, it remains an important tourist destination in the country. It has several monuments and museums that are major tourist attractors. Some of the important tourist attractions include the Guinea-Bissau National Art Institute, Bissau French Cultural Center, and Pidjiguiti Memorial. The city experiences a tropical savanna climate. The driest months run from December to April while the remaining months receive a total of 80 inches of rain.

 

Read more on Guinea-Bissau's Capital

Guinea-Bissau is an African country covering 36,125.00 km2 of which 22.16% is water and 28,120.00 km2 island. This makes it the 61st smallest country in the world and slightly less than three times the size of Connecticut. Its geographic coordinates are 12 00 N, 15 00 W and Bissau is the capital city.

The country is named for the Guinea region of West Africa.

 

Its ISO code is GW.

 

Geography

Guinea-Bissau has a mean elevation of 70 m above sea level.

It has a tropical climate that is hot and humid in the rainy season from June to November and more mild in the dry season of December to May. Its terrain is made up mostly of low-lying coastal plains with savanna in the east.

Population

Guinea-Bissau has a population of 1,759,159 making it the 151st largest in the world.

 

Crioulo is the lingua franca; Portuguese is the official language. The major ethnic groups reported are Fulani, Balanta, and Mandinga. The majority of the country identifies either with Muslim or Christian beliefs.

 

The official language of Guinea-Bissau is Portuguese. Portuguese is a West Romance language and part of the Ibero-Romance group that evolved from Vulgar Latin. The language is written with 26 letters of the Latin script and has 21 consonants, nine oral vowels, and two semivowels. Portuguese is spoken by over 220 million people worldwide. In Guinea-Bissau, about 11% of the population speaks Portuguese as the first language while the majority of the rest can somehow sustain a conversation in it. The majority of the Portuguese speakers live in the capital Bissau. The language has been enriched by several loan words from other languages including French and English. Apart from Portuguese, about 23 other languages are spoken in Guinea-Bissau. Of the 23 languages, the widely spoken is the Guinea-Bissau Creole. It is spoken by approximately 44% of the population. Other languages include Balatan, Mandjak, Papel, and Fula. French, English, and Spanish are also spoken in the country, especially by expatriates.

 

Read more on Guinea-Bissau's Languages

The dialing code for the country is 245.

 

Government

Guinea-Bissau is an independent country. It declared its independence in 1973. Its constitution was last ratified in 1984.

 

Guinea-Bissau is a semi-presidential representative democratic state with the president and the prime minister as the head of state and government respectively. The executive powers rest on the government while the legislative power is exercised by the parliament and government. The parliament building is located in the capital of Bissau. It was opened in 2004. The official residence of the president is known as the Presidential Palace. It is also located in Bissau and was opened in 2013. The president is elected in a 2-round election while the legislatures are elected directly from 27 constituencies. Two representatives are elected to represent the citizens abroad.

Read more on Guinea-Bissau's Government

Economy

Factoring in Purchasing Power Parity, Guinea-Bissau's GDP is $2,851,000,000.00 (USD) with $1,600.00 (USD) per capita. This makes it the 187th largest economy and its citizens the 206th richest in the world. The currency of Guinea-Bissau is the Franc (XOF).

Its major export partners are India and Nigeria. Its main exports are fish, shrimp, and cashews. Its major import partners are PortugalSenegal, and China. Its major imports include foodstuffs, machinery and transport equipment, and petroleum products.

Flag

The flag of Guinea-Bissau features the colors of red, black, yellow, and green. The red stripe is vertical while the green and yellow stripes are horizontal. The color of black is implemented in the form of a black star. The flag is in the proportion of 1:2 and was adopted in 1973 following Guinea-Bissau’s independence from the Portuguese.

 

Read more on Guinea-Bissau's Flag

 

 

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


Capital

Bissau

Languages

Crioulo (lingua franca), Portuguese (official; largely used as a second or third language), Pular (a Fula language), Mandingo

Ethnic Groups

Fulani 28.5%, Balanta 22.5%, Mandinga 14.7%, Papel 9.1%, Manjaco 8.3%, Beafada 3.5%, Mancanha 3.1%, Bijago 2.1%, Felupe 1.7%, Mansoanca 1.4%, Balanta Mane 1%, other 1.8%, none 2.2% (2008 est.)

Religion

Muslim 45.1%, Christian 22.1%, animist 14.9%, none 2%, unspecified 15.9% (2008 est.)

Government

Semi-presidential republic

Independance

24 September 1973 (declared); 10 September 1974 (from Portugal)

Area

36,125.00 km2

Water Area

8,005.00 km2

Land Area

28,120.00 km2

Population

  • 1,759,159.00

Location

Western Africa, bordering the North Atlantic Ocean, between Guinea and Senegal

No. Bordering Countries

2

Bordering Countries

Guinea 421 km, Senegal 341 km

GDP(PPP)

$2,851,000,000.00 (USD)

GDP (Per Capita)

$1,600.00 (USD)

Export Partners

Its major export partners are India and Nigeria.

Export Commodities

Its main exports are fish, shrimp, and cashews.

Import Partners

Its major import partners are Portugal, Senegal, and China.

Import Commodities

Its major imports include foodstuffs, machinery and transport equipment, and petroleum products.

Climate

Tropical; generally hot and humid; monsoonal-type rainy season (June to November) with southwesterly winds; dry season (December to May) with northeasterly harmattan winds

Terrain

Mostly low-lying coastal plain with a deeply indented estuarine coastline rising to savanna in east; numerous off-shore islands including the Arquipelago Dos Bijagos consisting of 18 main islands and many small islets

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Guinea-Bissau

 

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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