DOCSLIB.ORG

An Assessment of the Investment Climate

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
An Assessment of the Investment Climate 69479 Report No – The Gambia THE GAMBIA: An Assessment of the Investment Climate Public Disclosure Authorized June 2009 Africa Region Private Sector and Finance Unit Regional program on Enterprise Development Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Document of the World Bank _____________________________ THE GAMBIA – FISCAL YEAR January 1st – December 31st CURRENCY (Nominal Exchange Rate as of June 22, 2009) Currency Unit: Gambian Dalasi 1,00 US$ = 26.8397 GMD ABBREVIATIONS AND ACRONYMS C. PCT COLUMN PERCENTAGE CET COMMON EXTERNAL TARIFF DB 2009 DOING BUSINESS 2009 REPORT EPZ EXPORT PROCESSING ZONE ECOWAS ECONOMIC COMMUNITY OF WEST AFRICAN STATES ES ENTERPRISE SURVEY FDI FOREIGN DIRECT INVESTMENT FEZ FREE ECONOMIC ZONE GAMTEL GAMBIA TELECOMMUNICATIONS COMPANY GCI GLOBAL COMPETITIVENESS INDEX GDA GAMBIA DIVESTITURE AGENCY GIPFZA GAMBIA INVESTMENT PROMOTION & FREE ZONES AGENCY GOG GOVERNMENT OF THE GAMBIA GPA GAMBIA PORTS AUTHORITY HDI HUMAN DEVELOPMENT INDICATOR IEF INDEX OF ECONOMIC FREEDOM IMF INTERNATIONAL MONETARY FUND ICJ INTERNATIONAL COURT OF JUSTICE IPC INVESTMENT PROMOTION CENTER JIC JOINT INDUSTRIAL COUNCIL AGREEMENT LDCS LEAST DEVELOPED COUNTRIES NAWEC NATIONAL WATER AND ELECTRICITY COMPANY NER NOMINAL EXCHANGE RATE PCT PERCENTAGE PPPA PURCHASING POWER PARITY PRSP POVERTY REDUCTION STRATEGY PAPER ROA RETURN ON ASSETS R. PCT ROW PERCENTAGE SSA SUB SAHARAN AFRICA TFP TOTAL FACTOR PRODUCTIVITY ULC UNIT LABOR COST UNDP UNITED NATIONS DEVELOPMENT PROGRAM WAEMU WEST AFRICAN ECONOMIC AND MONETARY UNION WDI WORLD DEVELOPMENT INDICATORS WDR WORLD DEVELOPMENT REPORT WTO WORLD TRADE ORGANIZATION Vice President: Obiageli Ezekwesili Country Director: Madani M. Tall Sector Director: Marilou Uy Sector Manager: Iraj Alikhani Country Economist: Hoon Sahib Soh Task Team Leader: Jean-Michel N. Marchat 2 AUTHORS Zena Angesom (Consultant, World Bank) James Habyarimana (Consultant, World Bank) Philippe Alby (Consultant, Arqade – Toulouse, France) George Clarke (ECSPF, World Bank) Magueye Dia (Consultant, World Bank) Jean-Michel Marchat (MNSED, World Bank – Team Leader) AKNOWLEDGMENTS The authors wish to thank Mr. Fares Khoury, President of "Étude Économique Conseil" in Montreal, whose teams were in charge of improving the survey instrument and collecting the data in The Gambia. The authors would like to express their gratitude to the Gambian authorities, to the various business associations of the country, and especially to the managers and staff of the 301 firms visited in the Gambia in late 2006 for their contribution, their patience and kindness. Finally, the authors wish to thank Iraj Alikhani, Demba Ba, Françoise Perrot, McDonald P. Benjamin, Ganesh Rasagam, Ivan Rossignol, Hoon Sahib Soh, and Michaela Weber for their valuable assistance, comments and suggestions on preliminary versions of this document. 3 FOREWORDS In recent years, the World Bank Group has created several tools aimed at analyzing the Investment Climate in its member countries. The two most important instruments are: the Doing Business Indicators and the Enterprise Surveys. The Doing Business database provides measures of business regulations. The 10 annual Doing Business indicators are comparable across 181 economies in 2008-2009. They indicate the regulatory costs of business and can be used to analyze specific regulations that enhance or constrain investment, productivity, and growth. The database was created thanks to contributions of lawyers, judges, business people and public officials in the countries covered (www.doingbusiness.org). The Enterprise Survey database provides detailed information on the investment climate in about 110 countries. Enterprise surveys provide insights, analysis and benchmarking for countries seeking to promote private investment and enterprise growth. Each survey is based on a standardized establishment level survey methodology designed at measuring a number of investment climate constraints in a country and compares the findings across countries. In each country, between 300 and 2000 formal and informal establishments are surveyed in manufacturing, trade and the rest of the economy (www.enterprisesurveys.org). The World Bank Group’s Investment Climate Assessments (ICA) serie of reports, of which this report belongs to, identify and prioritize investment climate constraints, benchmark progress on reforms, provide cross-country comparisons of investment climate indicators, and aims at helping countries forge a broad consensus on priority areas for reform. These assessments feed into World Bank and IFC operations and technical assistance. This type of comprehensive report uses both the Doing Business and the Enterprise Survey Data. 4 TABLE OF CONTENT AKNOWLEDGMENTS ......................................................................................................................................... 3 FOREWORDS ....................................................................................................................................................... 4 EXECUTIVE SUMMARY .................................................................................................................................. 10 INTRODUCTION ................................................................................................................................................ 21 1 THE ENVIRONMENT OF FIRMS. ................................................................................................................. 23 1.1. RECENT ECONOMIC DEVELOPMENTS. ........................................................................................... 23 1.1.1. Robust growth and recent efforts at improving macroeconomic management. ................................ 23 1.1.2. A service based economy which attracts large FDI inflows. ............................................................ 24 1.2. RECENT REFORMS IN THE PRIVATE SECTOR AREA. .................................................................... 25 1.2.1. Trade policy. ..................................................................................................................................... 25 1.2.2. Divesture of public assets. ................................................................................................................. 26 1.2.3. Incentives for investors: The Gambia Investment Promotion Act. ................................................... 27 1.3. CHALLENGES FACED BY THE GAMBIA. ......................................................................................... 29 1.4. GAMBIA’S BUSINESS ENVIRONMENT ACCORDING TO INTERNATIONAL RANKINGS. ...... 30 1. 5. CONCLUSION. ....................................................................................................................................... 31 2. MANUFACTURING’S FIRM PERFORMANCE IN THE GAMBIA ............................................................ 32 2.1. FIRM PERFORMANCE. ......................................................................................................................... 32 2.1.1. Labor Productivity. ........................................................................................................................... 32 2.1.2. Labor Costs and Unit Labor Costs. ................................................................................................... 34 2.1.3. Capital Intensity. ............................................................................................................................... 35 2.1.4. Factor productivity by types of firms. ............................................................................................... 37 2.2. TOTAL FACTOR PRODUCTIVITY. ..................................................................................................... 39 2.3. EXPORTING. ........................................................................................................................................... 40 2.4. PROFITABILITY. .................................................................................................................................... 41 2.5. CONCLUSION. ........................................................................................................................................ 42 3. BUSINESS ENVIRONMENT IN THE GAMBIA: THE POINT OF VIEW OF FIRMS ............................... 43 3.1 FIRM PERCEPTIONS: A STARTING POINT. ....................................................................................... 43 3.1.1. The Leading Constraints. .................................................................................................................. 43 The formal sector ................................................................................................................................... 43 The informal sector ................................................................................................................................ 47 Other noticeable constraints .................................................................................................................. 48 3.1.2. What is the Intensity of Constraints outlined above? ........................................................................ 49 3.2. THE BUSINESS ENVIRONMENT FACED BY FIRMS. ...................................................................... 50 3.2.1. Variation in constraints across categories of manufacturing firms. .................................................. 50 Exporters versus non-exporters. ............................................................................................................
Load more

Recommended publications
  • Banking Sector Liberalisation in Uganda Process, Results and Policy Options
    Banking Sector Liberalisation in Uganda Process, Results and Policy Options Research report Editors: Madhyam & SOMO December 2010 Banking Sector Liberalisation in Uganda Process, Results and Policy Options Research report By: Lawrence Bategeka & Luka Jovita Okumu (Economic Policy Research Centre, Uganda) Editors: Kavaljit Singh (Madhyam), Myriam Vander Stichele (SOMO) December 2010 SOMO is an independent research organisation. In 1973, SOMO was founded to provide civil society organizations with knowledge on the structure and organisation of multinationals by conducting independent research. SOMO has built up considerable expertise in among others the following areas: corporate accountability, financial and trade regulation and the position of developing countries regarding the financial industry and trade agreements. Furthermore, SOMO has built up knowledge of many different business fields by conducting sector studies. 2 Banking Sector Liberalisation in Uganda Process, Results and Policy Options Colophon Banking Sector Liberalisation in Uganda: Process, Results and Policy Options Research report December 2010 Authors: Lawrence Bategeka and Luka Jovita Okumu (EPRC) Editors: Kavaljit Singh (Madhyam) and Myriam Vander Stichele (SOMO) Layout design: Annelies Vlasblom ISBN: 978-90-71284-76-2 Financed by: This publication has been produced with the financial assistance of the Dutch Ministry of Foreign Affairs. The contents of this publication are the sole responsibility of SOMO and the authors, and can under no circumstances be regarded as reflecting the position of the Dutch Ministry of Foreign Affairs. Published by: Stichting Onderzoek Multinationale Ondernemingen Centre for Research on Multinational Corporations Sarphatistraat 30 1018 GL Amsterdam The Netherlands Tel: + 31 (20) 6391291 Fax: + 31 (20) 6391321 E-mail: [email protected] Website: www.somo.nl Madhyam 142 Maitri Apartments, Plot No.
    [Show full text]
  • World Bank Document
    THE GAMBIA: Policies to Foster Growth Public Disclosure Authorized Volume II. Macroeconomy, Finance, Trade and Energy May 19, 2015 Trade and Competitiveness Practice Cape Verde, Gambia, Guinea-Bissau, Mauritania and Senegal Country Department Africa Region Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Document of the World Bank REPUBLIC OF GAMBIA –FISCAL YEAR January 1 st - December 31 st MONETARY EQUIVALENT (Exchange rate as of May 15, 2015) Currency Unit = Gambian Dalasi (GMD) 1,00 US$ = 42.6000 GMD WEIGHTS AND MEASUREMENTS Metric System ABBREVIATIONS AND ACRONYMS ABTA Association of British Travel Agents IPC Investment Promotion Center TEU Twenty-foot equivalent Unit ADR Average Daily Rate JIC Joint Industrial Council Agreement TFP Total Factor Productivity Agribusiness Services and Producers’ Trade Intensity Index ASPA LDCs Least Developed countries TII Association Association of Small Enterprises in Tourism Master Plan ASSET LFO Liquid Pilot Fuel TMP Tourism C.Pct Column Percentage LIC Low Income Countries ULC Unit Labor Cost CAR Capital Adequacy ratio LMIC Low Middle Income Countries UNDP United Nations Development Program CBG Central Bank of The Gambia MFI Microfinance institution UREP Upland Rice Expansion Program Ministry of Finance and Economic United Nations World Tourism CET Common external tariff MOFEA UNWTO Affairs Organization DB 2015 Doing business 2015 Report MTC Ministry of Tourism and Culture VFR Visiting Friends and Relatives Economic Community of West Ministry of Trade, Industry
    [Show full text]
  • Liberia's 9 Commercial Banks
    Public Disclosure Authorized IFC Mobile Money Scoping Country Report: Liberia Public Disclosure Authorized June, 2012 Public Disclosure Authorized Public Disclosure Authorized About The MasterCard Foundation Program IFC and the MasterCard Foundation (MCF) entered into a partnership focused on accelerating the growth and outreach of microfinance and mobile financial services in Sub-Saharan Africa. The partnership aims to leverage IFC’s expanding microfinance client network in the region and its emerging expertise in mobile financial services to catalyze innovative and low-cost approaches for expanding financial services to low- income populations. The Partnership has three Primary Components Mobile Financial Service IFC and The MasterCard Foundation see tremendous opportunity with Microfinance mobile banking, particularly for those living in rural areas. Mobile phones Through this partnership, IFC will result in lower transactions costs and implement a scaling program for reduce the cost of information. This Knowledge & Learning microfinance in Africa. The primary partnership will (i) identify nascent This partnership will include a major purpose of the Program is to markets to accelerate the uptake of knowledge sharing component to accelerate delivery of financial branchless banking services, (ii) work ensure broader dissemination of services in sub-Saharan Africa (SSA) with private sector players to build results, impacts and lessons learned through the significant scaling up of expertise and infrastructure to from both the microfinance and between eight and ten of IFC‘s sustainably offer financial services to mobile financial services. These strongest microfinance partners in the unbanked using mobile knowledge products will include Africa. Interventions will include technology and agent networks and product and channel diversification (iii) build robust business models that into underserved areas.
    [Show full text]
  • Backup of Change of Address
    CHANGE OF ADDRESS CHANGE OF ADDRESS FORM TICK NAME OF COMPANY ACCOUNT NO. REQUEST FOR CHANGE OF ADDRESS ACAP CANARY GROWTH FUND Kindly change my/our address in respect of my/ourholdings as ticked in AFRICAN PAINTS PLC the right hand column ANCHOR FUND ARM AGGRESSIVE GROWTH FUND Date: _____________________________ ARM DISCOVERY FUND ARM ETHICAL FUND ASO-SAVINGS AND LOANS PLC Instructions ABC TRANSPORT PLC Please fill the form and return to the address below AUSTIN LAZ AND CO. PLC BANK PHB PLC (Now Keystone Bank Ltd) The Registrar, BCN PLC-MARKETING COMPANY BAYELSA STATE GOVT BOND First Registrars Nigeria Ltd. BEDROCK FUND 2, Abebe Village Road, Iganmu CADBURY NIGERIA PLC P. M. B. 12692 Lagos. Nigeria. CHAMS PLC COSTAIN WEST AFRICA PLC Shareholder Account Information DAAR COMMUNICATIONS PLC DEAP CAPITAL MANAGEMENT & TRUST PLC DELTA STATE GOVT BOND Surname First Name Other Names REDEEMED GLOBAL MEDIA COMPANY LTD DV BALANCED FUND EDO STATE GOVT. BOND Previous Address FAMAD NIGERIA PLC FBN HOLDINGS PLC FBN HERITAGE FUND Previous Address 2 FBN FIXED INCOME FUND FBN MONEY MARKET FUND FIDELITY BANK PLC City State Country FIDELITY NIGFUND (INCOME & ACCUMULATED) FOKAS SAVINGS & LOANS LIMITED FORTIS MICROFINANCE BANK PLC FRIESLANDCAMPINA WAMCO NIGERIA PLC Present\New Address GTBANK BOND HONEYWELL FLOUR MILLS PLC JULI PLC Present\New Address 2 KAKAWA GUARANTEED INCOME FUND KWARA STATE GOVT. BOND LAGOS STATE GOVT. BOND (1st & 2nd tranche) LEARN AFRICA PLC City State Country NIGERIAN BREWERIES PLC OANDO PLC OASIS INSURANCE PLC ONDO STATE BOND Mobile
    [Show full text]
  • Sierra Leone - Mobile Money Transfer Market Study
    Sierra Leone - Mobile Money Transfer Market Study FINAL REPORT, March 2013 March 2013 Report prepared by PHB Development, with the support of Disclaimer The contents of this report are the responsibility of PHB Development and do not necessarily reflect the views of Cordaid. The information contained in this report and any errors or mistakes that occurred are the sole responsibility of PHB Development. 2 Contents Introduction………………………………………………………………………………3 Executive Summary and Recommendations………………………………............... 9 I. Module 1 Regulation and Partnerships (Supply side)……………………………….23 II. Module 2 Markets and products (Demand side )……………………………………..56 III. Module 3 Distribution Networks………………………………………………………..74 IV. Module 4 MFI Internal Capacity………………………………………………………..95 V. Module 5 Scenario's for Mobile Money Transfers and the MFIs in Sierra Leone...99 3 Introduction Cordaid has invited PHB Development to execute a market study on Mobile Money Transfers (MMT) in Sierra Leone and on the opportunities this market offers for Microfinance Institutions (MFIs). This study follows on the MITAF1 programme that Cordaid co-financed in the period 2004-2011. The results of the market study were shared in an interactive workshop in Sierra Leone on 26 February 2013. 27 persons attended, representing MFIs, MMT providers, the Bank of Sierra Leone and the donor. This final report represents an overview of the information collected, on which the workshop has been based. Moreover, information obtained during the workshop is reflected in this document. In addition, the MFIs have received individual assessment reports on their readiness for MMT. This report starts with an executive summary followed by recommendations for the MFIs and Cordaid. Chapters 1-5 provide detailed information on the regulation and the supply side of market players and MMT partnerships (module 1), on the demand for financial products (module 2) and the agent networks in Sierra Leone (module 3).
    [Show full text]
  • E-Dividend Mandate Activation Form of First Registrars
    Affix E-DIVIDEND Current Passport (To be stamped by Bankers) E-DIVIDEND ACTIVATION FORM Write your name at the back of your passport photograph SHAREHOLER’S TICK NAMES OF COMPANY ACCOUNT NUMBER ABC TRANSPORT PLC ACAP CANARY GROWTH FUND AFRICAN DEVELOPMENT BANK BOND Instruction Only Clearing Banks are acceptable AFRICAN PAINTS PLC ASSET & RESOURCE MANAGEMENT COMPANY Please complete all section of this form to make it eligible for processing LTD(FUND) and return to the address below ARM AGGRESSIVE GROWTH FUND ARM ETHICAL FUND The Registrar, ASO-SAVINGS AND LOANS PLC First Registrars & Investor Services Ltd. AUSTIN LAZ AND COMPANY PLC 2 , A b e b e V i l l a g e R o a d , I g a n m u BANK PHB PLC (NOW KEYSTONE BANK LIMITED) P. M. B. 12692 Lagos. Nigeria. BAYELSA STATE GOVERNMENT BOND BCN PLC-MARKETING COMPANY I\We hereby request that henceforth, all my\our dividend Payment(s) due to BOC GASES NIGERIA PLC CADBURY NIGERIA PLC me\us from my\our holdings in all the companies ticked at the right hand CHAMS PLC column be credited directly to my \ our bank detailed below: COSTAIN WEST AFRICA PLC CORE INVESTMENT SCHEME (COINS) CORE VALUE ACCOUNT (COVA) Bank Verification Number CR SERVICES (CREDIT BUREAU) PLC CROSS RIVERS STATE GOVT BOND DAAR COMMUNICATIONS PLC Bank Name DEAP CAPITAL MANAGEMENT & TRUST PLC DELTA STATE GOVT BOND Bank Branch DV BALANCED FUND EDO STATE GOVT BOND Bank Address FAMAD NIGERIA PLC FBN FIXED INCOME FUND FBN HOLDINGS PLC FBN HERITAGE FUND FBN MONEY MARKET FUND Bank Account Number FBN NIGERIA EUROBOND (USD) FUND FBN NIGERIA
    [Show full text]
  • World Bank Group's Travel Per Diem Rates for Official Bank Use Only
    MTV World Bank Group's Travel Per Diem Rates (Per Diem USD) For Official Bank Use Only - Not for circulation Country Code City Code Country City Name 2012 AF BIN AFGHANISTAN BAMIYAN 53.00 AF HEA AFGHANISTAN HERAT 47.00 AF JAA AFGHANISTAN JALALABAD 45.00 AF KBL AFGHANISTAN KABUL 85.00 AF KDH AFGHANISTAN KANDAHAR 48.00 AF MZR AFGHANISTAN MAZAR-I-SHARI 47.00 AF XXX AFGHANISTAN OTHER OR UNKNOWN CITY 50.00 AL DU9 ALBANIA DURRES -ALBANIA 56.00 AL EB9 ALBANIA ELBASAN - ALBANIA 43.00 AL FI9 ALBANIA FIER 43.00 AL KC9 ALBANIA KORCA 43.00 AL KU9 ALBANIA KUKES 43.00 AL XXX ALBANIA OTHER OR UNKNOWN CITY 47.00 AL SA9 ALBANIA SARANDA 84.00 AL TIA ALBANIA TIRANA 104.00 AL VL9 ALBANIA VLORE 57.00 DZ ALG ALGERIA ALGIERS 145.00 DZ AAE ALGERIA ANNABA 98.00 DZ GHA ALGERIA GHARDAIA 72.00 DZ ORN ALGERIA ORAN 83.00 DZ XXX ALGERIA OTHER OR UNKNOWN CITY 71.00 DZ TID ALGERIA TIARET 73.00 DZ TLM ALGERIA TLEMCEN 73.00 VI XXX AMER.VIRGIN IS. OTHER OR UNKNOWN CITY 68.00 AD XXX ANDORRA OTHER OR UNKNOWN CITY 120.00 AO BUG ANGOLA BENGUELA 101.00 AO CAB ANGOLA CABINDA 107.00 AO LAD ANGOLA LUANDA 118.00 AO SDD ANGOLA LUBANGO 108.00 AO XXX ANGOLA OTHER OR UNKNOWN CITY 91.00 AI XXX ANGUILLA OTHER OR UNKNOWN CITY 100.00 AG ANU ANTIGUA/BARBUDA ANTIGUA 109.00 AG XXX ANTIGUA/BARBUDA OTHER OR UNKNOWN CITY 105.00 AR BHI ARGENTINA BAHIA BLANCA 69.00 AR BUE ARGENTINA BUENOS AIRES 100.00 AR CTC ARGENTINA CATAMARCA 69.00 AR CRD ARGENTINA COMODORO RIVA 69.00 AR COR ARGENTINA CORDOBA 90.00 AR CNQ ARGENTINA CORRIENTES 66.00 AR EQS ARGENTINA ESQUEL 69.00 AR FMA ARGENTINA FORMOSA 69.00
    [Show full text]
  • Sierra Leone, the Constraints Analysis Would Be Concerned with What Is Preventing the Country from Achieving Broad-Based Economic Growth
    The production of the constraints analyses posted on this website was led by the partner governments, and was used in the development of a Millennium Challenge Compact or threshold program. Although the preparation of the constraints analysis is a collaborative process, posting of the constraints analyses on this website does not constitute an endorsement by MCC of the content presented therein. 2014-001-1569-02 Republic of Sierra Leone SIERRA LEONE CONSTRAINTS ANALYSIS REPORT: A Diagnostic Study of the Sierra Leone Economy; Identifying Binding Constraints to Private Investments and Broad-based Growth FINAL REPORT An Analysis Prepared by the Government of Sierra Leone with Technical Assistance from the Millennium Challenge Corporation of the United States of America, for the Development of a Millennium Challenge Compact DECEMBER 2013 i Table of Contents LIST OF TABLES 8 LIST OF FIGURES 10 1 INTRODUCTION 22 2 ECONOMIC GROWTH: HISTORICAL PERSPECTIVE AND OVERVIEW 24 2.1 Summary Poverty Profile 26 2.2 GDP Growth Performance 27 2.3 Agricultural Sector Analysis 29 2.3.1 Contribution to GDP 29 2.3.2 Rice Production 30 2.3.3 Comparative Country Analysis 31 2.4 Export and Trade Performance 32 2.4.1 Trade Balance 32 2.4.2 Export Performance (2001‐2011) 33 2.4.3 Composition of Exports 34 2.4.4 Comparative Analysis 35 2.5 Industrial Sector 35 2.5.1 Comparative Country Analysis 37 2.6 Service Sector 37 2.6.1 Tourism 38 2.6.2 Finance, Insurance and Real Estate 39 2.6.3 Comparative Analysis 39 2.7 Trends in Real GDP per Capita 39 2.7.1 Conclusion 40
    [Show full text]
  • UNDP & UNCDF DFS Ecosystem Assessment in Sierra Leone
    Final Country Report UNDP & UNCDF DFS Ecosystem Assessment in Sierra Leone Date: May 2016 Prepared by DFS Ecosystem Assessment in Sierra Leone TABLE OF CONTENTS Abbreviations ............................................................................................................................ 3 Executive Summary ................................................................................................................... 4 1. Overview of Digital Financial Services ............................................................................. 7 1.1 Snapshot of digital financial services and delivery channels ..................................... 7 1.2 Key definitions............................................................................................................ 7 2. Introduction .................................................................................................................... 8 3. Sierra Leone Background ................................................................................................ 9 3.1 Sierra Leone as a fragile state .................................................................................... 9 3.2 Fragility and financial inclusion ................................................................................ 10 3.3 Macroeconomic situation ........................................................................................ 11 4. Overview of SL Financial sector..................................................................................... 14 4.1 Financial institutions
    [Show full text]
  • List of Registrars with Their Client Companies
    LIST OF REGISTRARS WITH THEIR CLIENT COMPANIES S/N REGISTRARS COMPANY 1 Carnation Registrars African Alliance Insurance 2A Gbagada Expressway, Anthony, Universal Insurance Plc Lagos. 01-4536020 08107005494 Golden Guinea Breweries Plc Multiverse Mining & Exploration Plc Omatex Ventures Plc Nigerian Ropes Plc Niger State Government Bond Value Capital Plc Riggs Ventures Plc 2 All Crown Registrars Ltd. BOC GasesNig.Plc 190, Ikorodu Road Lagos. Grief Nig. Plc 3 Cardinal Stone Registrars Acorn PET Plc 335/337 HERBERT MACAULAY WAY Afrik Pharmaceuticals Plc YABA AG Homes Savings & Loans AG Leventis Arbrico Plc Ashaka cement Bankers Warehouse Beta Glass Capital Hotels Plc Evans Medical Plc Ellah Lakes Plc FCMB FCMB Bond Fidson Bond G. Cappa Plc Guinea Ins Plc IMB Energy Master Fund Jos Int Brew Plc Kogi Savings & Loans Ltd Lafarge WAPCO Plc Law Union & Rock Legacy funds Livestock feeds Plc Morrison Plc MRS OIL NAHCO Plc NAHCO Bond NEWPAK Plc Nig Germ. Chem Plc NGC Plc NGC Sterile NPF Microfinance Bank NULEC Industries Plc Okomuoil Plams Plc Premier paints Plc Royal Exch. Ass Plc Skye Bank Plc Total Nig Plc Trans-nationwide ex Plc Union Bank Plc WOMEN Investment Fund 4 Centurion Registrars Limited C&I Leasing Plc 70B Acme Road, Linkage Assurance Ogba, Lagos Nigeria Wire Industries Plc Union Dicon Salt Plc Vital Products Limited 5 First Registrars Nig. Ltd ABC TRANSPORT PLC Plot 2, Abebe Village Road, Iganmu ACAP CANARY GROWTH FUND AFRICAN DEVELOPMENT BANK BOND AFRICAN PAINTS PLC ASSET & RESOURCE MANAGEMENT COMPANY LTD (FUND) ARM AGGRESSIVE GROWTH FUND ARM ETHICAL FUND ASO-SAVINGS AND LOANS PLC AUSTIN LAZ AND COMPANY PLC BANK PHB (NOW KEYSTONE BANK LIMITED) BAYELSA STATE GOERNMENT BOND BCN PLC-MARKETING COMPANY BOC GASES NIGERIA PLC CADBURY NIGERIA PLC CHAMS PLC COSTAIN WEST AFRICA PLC CORE INVESTMENT SCHEME (COINS) CORE VALUE ACCOUNT (COVA) CR CREDIT SERVICES (CREDIT BUREAU) PLC CROSS RIVERS STATE GOVT BOND DAAR COMMUNICATION PLC DEAP CAPITAL MANAGEMENT & TRUST PLC DV BALANCE FUND DELTA STATE GOVT BOND EDO STATE GOVT.
    [Show full text]
  • Liberia: Financial Diagnostic Update & Feasibility Study for the Possible
    Liberia: Financial Diagnostic Update & Feasibility Study for the Possible Entry of a Third Party Cash Management Partner or Agent Aggregator 22nd April 2016 Table of Contents A. EXECUTIVE SUMMARY 4 A.1 FINANCIAL DIAGNOSTIC 4 A.2 FEASIBILITY STUDY FOR THE POSSIBLE INTRODUCTION OF A THIRD PARTY CASH MANAGEMENT PARTNER OR AGENT AGGREGATOR 7 B. LIBERIA FINANCIAL DIAGNOSTIC 9 B.1 OVERVIEW 10 B.1.1 ECONOMY 10 B.1.2 INFRASTRUCTURE 10 B.2 POLICY AND REGULATIONS 13 B.2.1 MOBILE MONEY REGULATIONS 13 B.2.2 ASSESSMENT OF POLICY AND REGULATIONS 15 B.3 FINANCIAL SECTOR 16 B.3.1 BANKING SECTOR 17 B.3.2 OTHER FINANCIAL SERVICE PROVIDERS 21 B.4 REMITTANCE AND PAYMENTS SERVICES 22 B.4.1 REMITTANCE SERVICES 23 B.4.2 PAYMENT SERVICES 24 B.4.3 ASSESSMENT OF REMITTANCE AND PAYMENT SERVICES 25 B.5 MOBILE MONEY 25 B.5.1 PROVIDERS 25 B.5.2 AGENT NETWORK 26 B.5.3 ASSESSMENT OF MOBILE MONEY SECTOR 27 B.6 HIGH VOLUME PAYMENT STREAMS 27 B.6.1 GOVERNMENT TO PERSON (G2P) 29 B.6.2 GOVERNMENT TO BUSINESS (G2B) 29 B.6.3 DEVELOPMENT PARTNERS TO GOVERNMENT (D2G) 30 B.6.4 DEVELOPMENT PARTNERS TO BUSINESS (D2B) 30 B.6.5 DEVELOPMENT PARTNERS TO PERSON (D2P) 31 B.6.6 BUSINESS TO GOVERNMENT (B2G) 31 B.6.7 BUSINESS TO BUSINESS (B2B) 31 B.6.8 BUSINESS TO PERSON (B2P) 31 B.6.9 PERSON TO GOVERNMENT (P2G) 31 B.6.10 PERSON TO BUSINESS (P2B) 32 B.6.11 PERSON TO PERSON (P2P) 32 B.6.12 ASSESSMENT OF POTENTIAL STREAMS FOR MOBILE MONEY 32 C.
    [Show full text]
  • NASD Rights Circular
    THIS DOCUMENT SHOULD BE READ CAREFULLY. If you are in any doubt about the action to be taken, please consult your Stockbroker, Banker, Solicitor, Accountant or any other Professional Adviser for guidance immediately. FOR INFORMATION CONCERNING CERTAIN RISK FACTORS WHICH SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS, SEE RISK FACTORS ON PAGE 20 Plc NASD RC: 336267 Rights Issue of 111,051,098 ORDINARY SHARES of N1.00 EACH AT N1.49 PER SHARE ON THE BASIS OF 1 (ONE) NEW ORDINARY SHARE FOR EVERY 3 (THREE) ORDINARY SHARES OF N1.00 EACH HELD AS AT THE CLOSE OF BUSINESS ON MONDAY, AUGUST 1, 2016 Payable in full on Acceptance ISSUING HOUSES Lead Issuing House RC: 114135 Joint Issuing House CAPITAL ASSETS LIMITED (Member of The Nigerian Stock Exchange) RC: 286096 Acceptance List Opens: March 20, 2017 Acceptance List Closes: April 28, 2017 This Rights Circular and the securities which it offers have been cleared and registered by the Securities & Exchange Commission. It is a civil wrong and criminal offense under the Investments and Securities Acts No. 29, 2007 to issue a rights circular which contains false or misleading information. Clearance and registr ation of this Rights Circular and the Securities which it offers do not relieve the parties from any liability arising under the Act for false and misleading statements contained herein or for any omission of any material fact. This Rights Circular is dated March 2, 2017 RIGHTS ISSUE OF 111,051,098 ORDINARY SHARES OF N1.00 EACH AT N1.49 PER SHARE PAYABLE IN FULL ON ACCEPTANCE ACCEPTANCE LIST OPENS ON March 20, 2017 AND CLOSES ON April 28, 2017 This Rights Circular is issued in connection with the Rights Issue by NASD Plc of 111,051,098 Ordinary Shares of N1.00 each in the capital of the NASD at an issue price of N1.49 per share.
    [Show full text]