...level of independence and a more self-sustaining condition -by the grace of God, has been my incentive to study. I always tell myself that my yesterday cannot determine my tomorrow. My tomorrow is how I make today. Working hard today through studies either by theories or hands-on practice can help me to cease the opportunities of tomorrow. Professional Goals I have a lot of dreams- some I shall be mentioning in this essay. My immediate dream now is to successfully complete this prestigious program which I am currently enrolled- Master in International Finance. I want to after completion of this program, work with the African Development Bank (ADB). This bank unlike most traditional banks, is concerned with the economic growth of the African continent. With a 53 regional member country from Africa and about 23 non regional countries, the African development bank is mainly concerned with the improvement of the following sectors:...
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...AFRICAN DEVELOPMENT BANK – TANZANIA COUNTRY OFFICE Local Vacancy Announcement No ADB/12/ 098 Position: Social Development Specialist. Tanzania Country Office (TZFO) based. Department: Human Development (OSHD) department; Poverty Reduction and Social Protection division, (OSHD1) Objectives of the Country Office The African Development Bank Field Office in Tanzania (TZFO) has been established to strengthen dialogue between the Bank and the government, development partners, the private sector, and the civil society, in the design of its development policy and programs, as well as on implementation, monitoring and evaluation of the poverty reduction strategy. TZFO also seeks to assist the operational functions of the Bank Group in launching and follow up of projects and programs in Tanzania with a view to enhancing portfolio quality, identification, promotion of participatory approach, and regional integration. The Bank invites applications from suitably qualified candidates to fill the vacant position of Social Development Specialist (Tanzania). This position does not attract international terms and conditions. Only Applicants Who Already Have the Right to Live And Work in Tanzania Will Be Considered for this Position. The Bank Does not Support Applications for Work Permits and Relocation. Objectives of the role Tanzania is implementing full-fledged sector program in the social development, i.e. education, health and poverty aspects. The program approach calls for a deepened and...
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...NATIONAL OPEN UNIVERSITY OF NIGERIA COURSE CODE: MPA 728 COURSE TITLE: PUBLIC FINANCIAL MANAGEMENT MPA 728 COURSE GUIDE ii MPA 728 PUBLIC FINANCIAL MANAGEMENT Course Team Mr. E. U. Abianga ( Developer/ Writer) - NOUN Dr. Bonaventure Nkup Haruna ( Editor ) - UNIJOS Dr. Dimis I. Mai - Lafia (Programme Leader) - NOUN Mr. E. U. Abianga (Coordinator) - NOUN NATIONAL OPEN UNIVERSITY OF NIGERIA COURSE GUIDE MPA728 PUBLIC FINANCIAL MANAGEMENT 97 Source: Koleade Oshisami (1992) quoted in Ola and Offiong (2008). Government Accounting and Financial Control Ibadan, Nigeria: Spectrum Books Limited, p. 55. Rolling Plan in Nigeria’s Planning and Budgeting System Owing to poor achievement of past eco nomic plans and poor budgetary implementation in Nigeria, the military administration in 1990, introduced the idea of a rolling plan based on three year perspective in order to address the planning and budgetary predicaments experienced in the past. The a im of this planning was to make provision for a long term vision of the economy taking into consideration the goals of socio - economic development for the distant future of 5, 10, 15, 20, 25 or 30 years. This aimed at setting long term targets and objectiv es of economic development. The strategic plan is also aimed at addressing three basic issues of capital growth, technological progress and population growth. This will serve as a background when preparing a medium or short term ...
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...Student Number: 26450992 Module Code: MANG1006 Date: 23rd April 2015 MANG 1006 Individual Coursework Assignment: BPM Distribution Co. Word count: 1350 Introduction: Originally an independent record store in early nineties, BPM is one of the most recognized symbols in German’s local music market. In recent year, BPM is gradually regarded as a successful record distribution company worldwide, which gains profits from the distribution fee when selling products to different retailers. The company has achieved great success by taking the strategy of concentrating on a target market area. However, the appearance of Web-based shops and music download services brings negative impacts to the revenue of BPM company. Meanwhile, the deficiency of using information technology and Internet and inefficient management methods also create potential risks for the company’s future development. On account of this, BPM need a new business strategy to adjust the current production model in order to enhance competiveness among competitors and increase the profits of BPM Company. Problems and the New Business Strategy: From the BPM scenario, there are several problems that may hinder the development of the company. First of all, the company’s utilization of information technologies and the Internet is deficient, which only contains the costumer accounting, invoice production package...
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...In the modern world, as competitions between different countries are more and more severe, many countries place special emphasize on education, which includes primary education, secondary education and higher education. The French revolutionary Danton said more than two centuries ago, "After bread, education." Education, especially elementary education, which makes people are able to read and write, is universally recognized as one of the most fundamental building blocks for human development and poverty reduction (World Bank, 2010). The development of a country can be defined to make nation grow stronger and more harmonious. It is measured with the sustaining improvement in the standard of living and the quality of citizens’ life such as income per capita (per person GDP) growing, medical security consummating, having the right to vote, et cetera. It will be argued in this essay that education is beneficial to different countries’ development in the areas of economics, society, politics and technology. Gary (1964) states that the education level of a country determines a country’s knowledge level and human capital which affect the growth of economy. More specifically, education and training of a country's workers are two major factors in determining the success of the country's economy will do. Furthermore, educated workers who are able to read and write always have more accessible way to master the latest technique and they will be more innovative to come up with many creative...
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...studies, they indicated that the capital, networks affiliation, education, training and counseling, and usage of ICT are important factors influencing the growth of women entrepreneurs in Malaysia. These factors have become barriers to women entrepreneur to success. SUMMARY According to studies that made by previous researchers, they mention that financial problem is some of barriers that make the women entrepreneur is hardly to success. Financial problem including difficulties to obtain start-up funds, financial management and development of effective marketing and strategy. Thus, for making the process to obtain the financial resources become easier, they must have a good relationship with bank party. Haynes and Helms (2000) stressed about importance of having a relationship with a bank in place at the time of the business lunch. This is because having access to financial resources and emphasizing the financial...
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...General Background on Global Microfinance Trends 0 Contents 1.0 OVER VIEW OF MICROFINANCE IN GHANA...................................................... 3 1.1 DEFINITION .....................................................................................................................3 1.2 EVOLUTION OF MICROFINANCE IN GHANA ..............................................................3 1.3 THE NEED FOR MICROFINANCE IN GHANA................................................................4 1.4 MICROFINANCE CLIENTS IN GHANA...........................................................................5 2.0 PROFILES OF MICROFINANCE APEX BODIES IN GHANA................................... 5 2.1 Ghana Co-operative Credit Unions Association (GCCUA).....................................5 2.1.1 Some Current Performance of GCCUA.............................................................. 6 2.1.2 Outstanding Challenges and Future Resource Requirements of CUA ........ 6 2.1.3 Summary of Credit Unions Annual Performance ............................................. 6 2.2 GHANA CO-OPERATIVE SUSU COLLECTORS’ ASSOCIATION (GCSCA)..................7 2.2.1 Some Current Performance of GCSCA .............................................................. 7 2.2.2 Outstanding Challenges and Future Resource Requirements for GCSCA .. 7 2.2.3 PERFORMANCE COMPARISON OF GCSCA TO CUA AS AT OCTOBER 2007.. 8 2.3 ASSOCIATION OF FINANCIAL NGOs (ASSFIN) .....................................................
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...------------------------------------------------- ASSIGNMENT (GROUP) INTERNATIONAL MANAGEMENT (MGT-4030) GROUP MEMBERS NAME DANUSHAN KEISHIA ASHFAAQ DILKI SENURA NASHA FATHIMATH (1828) GROUP MEMBERS NAME DANUSHAN KEISHIA ASHFAAQ DILKI SENURA NASHA FATHIMATH (1828) CONTENTS INTRODUCTION ECONOMICAL FACTORS UNEMPLOYMENT RATE IN CHINA Unemployment Rate in China stayed unaltered at 4.05 percent in the final quarter of 2015 from 4.05 percent in the second from last quarter of 2015. Unemployment Rate in China arrived at the midpoint of 4.13 percent from 2002 until 2015, achieving an unsurpassed high of 4.30 percent in the final quarter of 2003 and a record low of 3.90 percent in the second from last quarter of 2002. UNEMPLOYMENT RATE IN ANGOLA Development and evenhanded improvement are obliged by the unfavorable business environment, lacking administration and straight forward in the administration of open assets, frail quality and upkeep of physical base, constrained nature of HR, feeble farming development, wasteful open administration conveyance to poor people, and troubles in overseeing salary from non-renewables to make investment funds for future eras. Social weights are expanding because of the high unemployment rate (26%), especially among youth; critical neediness, influencing 36.6% of the populace; and high wage imbalance. UNEMPLOYMENT RATE IN MEXICO Mexican jobless rate came in at 3.96 percent in December of 2015, the same as in the earlier month and the least...
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...M14/3/ECONO/SP2/ENG/TZ0/XX 22145113 ECONOMICS STANDARD LEVEL PAPER 2 Tuesday 6 May 2014 (morning) 1 hour 30 minutes INSTRUCTIONS TO CANDIDATES not open this examination paper until instructed to do so. Do are not permitted access to any calculator for this paper. You Section A: answer one question. Section B: answer one question. fully labelled diagrams and references to the text/data where appropriate. Use maximum mark for this examination paper is [40 marks]. The 2214-5113 9 pages © International Baccalaureate Organization 2014 M14/3/ECONO/SP2/ENG/TZ0/XX –2– SECTION A Answer one question from this section. 1. Study the extract below and answer the questions that follow. Japan in first trade gap since 1963 Japan’s current account surplus fell 85.5 in November 2011 from a year earlier to % 138.5 billion Japanese yen (Japan’s currency) ($1.80 billion), the Ministry of Finance said. In 2011, Japan recorded its first deficit in its balance of trade in goods since 1963. The appreciation of the Japanese yen against the dollar has reduced Japan’s current account surplus. The Japanese yen gained 8.5 % against the dollar in the 12 months since January 2011. The currency has acquired a new and unusual status as a safe haven, reinforced by the eurozone debt crisis since international investors are concerned about the single European currency. It is estimated that a 1 % gain in the Japanese yen could reduce...
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...Development’ is a concept which is contested both theoretically and politically, and is inherently both complex and ambiguous ... ... Recently [it] has taken on the limited meaning of the practice of development agencies, especially in aiming at reducing pov- erty and the Millennium Development Goals. (Thomas, 2004: 1, 2) The vision of the liberation of people and peoples, which animated development practice in the 1950s and 1960s has thus been replaced by a vision of the liberaliza- tion of economies. The goal of structural transformation has been replaced with the goal of spatial integration.... ... The dynamics of long-term transformations of econ- omies and societies [has] slipped from view and attention was placed on short-term growth and re-establishing fi nancial balances. The shift to ahistorical performance assessment can be interpreted as a form of the post-modernization of development policy analysis. (Gore, 2000: 794–5) Post-modern approaches... see [poverty and development] as socially constructed and embedded within certain economic epistemes which value some assets over others. By revealing the situatedness of such interpretations of economy and pov- erty, post-modern approaches look for alternative value systems so that the poor are not stigmatized and their spiritual and cultural ‘assets’ are recognized. (Hickey and Mohan, 2003: 38) One of the confusions, common through development literature is between devel- opment as immanent...
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...MKT 4306 – International Marketing Report on the presentation of : African Development Bank First of all I would like to thank Dr. Hamelin for this interesting presentation, and my colleagues for the interactive discussion they animated. The guest speaker is a successful Egyptian woman, who has been managing a portfolio of 2 billion euros, she is the representative of African Development Bank in Morocco. Dr. Amani Abou-Zeid has been involved in many socio economic development programs. Her experience is not limited to Morocco but extends throughout the Middle East, Europe, the United Kingdom and Canada. Dr. Abou-Zeid talked about some facts about Africa saying that: In 2005-08 Africa’s growth average 6%, Growth of 4.8% in 2010 up from 3% back in 2009. Opportunities are diversified and represents the interest greater than any other developped continent; namely , fast reforms, commodities, agriculture, growing markets & middle class. The ADB strategy sectorial emphasis : Infrastructure, Governance, Private sector development, higher education. ADB is also the first development partner is Morocco. Africa’s recent economic performance states that Africa register interesting growth in the past years due to seriousness after its economic and fiscal crises in the 70’s and 80’s. The implications of financial crisis on Africa had little direct impact of the world financial crisis on African Financial System. However, Africa was more affected by recession. ...
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...B) Regulatory Oversight page 8 IV) Depository-Taking Institutions. page 9 V) Banking Issues and Challenges Prospect. page 10 Conclusion page 12 Sources page 12 Annexes page 13 Introduction For years ago, South Africa has been facing a lot of racial, political and demographic problems. On the first hand, this country must face these elements and on the other hand it must still working to become a powerful economic country in the world. With this report we are going to develop the Financial System of South Africa which is a key sector in the country. The South Africa Gross Domestic Product is worth 277 billion dollars or 0.45% of the world economy, according to the World Bank. While it contracted 2.80% over the last 4 quarters, the economy was expected to move back into growth in the last quarter of the year and GDP growth of 1.5% is forecast for 2010, rising to 3.2% by 2012. South Africa has a two-tiered economy; one rivaling other developed countries and the other one with only the most basic infrastructure. It is therefore a productive and industrialized economy that exhibits many characteristics associated with developing countries, including a division of labor between formal and informal sectors and an uneven distribution of wealth and income. The primary sector, based on manufacturing, services, mining, and agriculture, is well developed. [pic] The most important economic areas...
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...October 2011 ABSTRACT: This term paper analyses the commercial banking system in Kenya. In particular it focuses on the history of commercial banks from a general perspective then narrows down to Kenya’s context. It looks at the importance of commercial banks in Kenya, the roles/functions of commercial banks. It then focuses on the regulations that govern the commercial banks. Lastly it looks at the contribution of commercial banks to Kenya’s economy. TABLE OF CONTENTS Abstract 2 Table of contents 3 Introduction 4 The history and development of commercial banks 5 Importance of commercial banks 9 Roles of commercial banks 10 Regulations of commercial banks 13 Contribution of commercial banks to Kenya’s economy 14 Emerging trends in banking 17 Summary 18 References 18 INTRODUCTION A commercial bank is a type of financial intermediary and a type of bank. It raises funds by collecting deposits from businesses and consumers via checkable deposits, savings deposits, and time deposits. It makes loans to businesses and consumers. It also buys corporate bonds and government bonds. Its primary liabilities are deposits and primary assets are loans and bonds. Banks work with short term funds. Their working capital consists mainly of moneys deposited by customers and withdrawable by them on demand or on short notice. If a bank lends such moneys for long periods or keeps them blocked in any other way, it will be unable to meet the demands of its depositors for withdrawal...
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...GULF AFRICAN BANK LIMITED ABOUT THE BANK: it is a commercial bank in Kenya, the largest community in the East African community. I t has been licensed by the central bank of Kenya and the national banking regulator. In the year 2005 the bank was first thought of by a group of motivated Kenyans who envisioned establishing and Islamic bank as an alternative to conventional banking in the country by the Persian gulf and individuals and Kenya. The banks began banking operations in 2008, after they had received their license and were now legal. TYPE OF BUSINESS: The bank is an international business. They make commercial transactions that occur across borders, they exchange currencies with other countries and sell their products overseas, it also has branches in other parts of Africa. This makes it both international for selling its products overseas and multinational for being in different parts of Africa. Their head office here in Kenya is situated in the capital Nairobi. Although that is not the only branch in Kenya, it also branches in Lamu, Garrisa, Bondeni, Eastleigh, Malindi, Westlands and many other places. SECTOR OF ECONOMY- This institution is a bank that only sells and does not manufacture. They are in the same sector of economy as: Barclays bank | | Diamond Trust Bank | | Equity Bank | | Family Bank | | EcoBank Kenya | | PURPOSE OF BUSINESS: They are a financial institution which is involved in the borrowing and lending of money. They help...
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...across different groups? • Why or why not? • Identify at least two other competitors in the same industry, and explain why you prefer your selected brand over the competitors. Equity Bank Equity Bank, a Kenyan based financial services company is an organization that I am so passionate about in the banking industry. The bank was started in 1984 as Equity Building Society (EBS) and it used to provide finances for mortgage to most of its customers who fell in the low income earners bracket. The bank is led by a board of directors headed by the famous chairman; peter Munga and the group’s chief executive officer Dr. James Mwangi (Allen, 2013). I like this brand because of several reasons as outlined below 1. Leadership The bank is managed by an experienced board of directors who ensure that there is consistency in customer satisfaction and adequate innovation which results to efficiency. In November 2013, the company’s chairman Peter Munga was titled Chairman of the Year in the 4th edition of the annual Capital Markets Awards. He was commended for setting the vision, which developed into Equity Bank as well as encouraging inclusivity in the financial industry. In October the very same year, the group Managing Director and CEO Dr. James Mwangi scooped the prestigious African Business Leader of the Year by Africa Investor (Allen, 2013). The award is given to the business leader whose...
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