Babajide Komolafe
2 July 2009
The Board of Directors of the African Development Bank (AfDB) Group approved, Wednes-day in Tunis, a $500m investment in the Global Trade Liquidity Program as the second phase of its Trade Finance Initiative.
The first phase approved in March 2009 was a $500m in lines of credit to support trade finance by African banks, bringing the combined ceiling for both phase 1 and 2 to $1bn.
The initial $500m invest-ment by the Bank makes the GTLP the single-largest contributor to African trade finance. The Bank's presence helped increase the share of GTLP resources specifically targeted for Africa.
"The Bank's Trade Finance Initiative is a temporary strategy to respond to the request by African ministers of finance to address current market constraints. There-fore the GTLP aligns well with both Regional Member Countries and Bank priorities," says Bobby Pittman, AfDB VP for Infrastructure, Private Sector and Regional Integration.
"In this period of crisis, the AfDB intends to use its maximum capacity, innovate and work in complementarity with other agencies to play a countercyclical role while continuing to finance long-term development." he added.
The Global Trade Liquidity Program (GTLP) is a temporary crisis-response initiative among develop-ment finance institutions (DFIs) and donors to support trade finance in the developing world.
The GTLP will pool resources from DFIs and donors and will use two primary investment struc-tures: (i) a risk-sharing structure, whereby funding will be channeled to local trade finance banks through international banks; and (ii) direct dedicated lines of credit to local banks with regional coverage.
By providing liquidity and sharing risk with African financial institutions, the GTLP will facilitate Africa's exports and imports at a time when the global financial crisis is cutting off critical funding. The projected $15bn GTLP resources for African trade finance will thus support African economies and reduce job losses.
The GTLP is also expected to have a strong demons-tration effect to catalyze African and international banks back into the trade finance sector. The program is in line with the Bank Group's response to the economic impact of the financial crisis, which comprises an Emergency Liquidity Facility; Trade Finance Initiative and Framework for Accelerated Resource Transfer to countries eligible for African Development Fund support.
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* 16 European Nations . Met And Plotted On How They Would Rob Africa Of Its Riches.
* They met during two(2) Periods of time in two(2) places
* The General Act Of Berlin Conference (Nov, 1884 to February, 1885)
* Brussels Belgium to finalize SECRET agreements ( Nov, 1889 to July 1890)
* The Book “King Leopold’s Ghost (1998) by Adam Hochschild documents some of This information.
The following Nations (Households) - Planned how they would divide among themselves our AFRICAN Riches.
1) Austria-Hungary - Francis Joseph I Charles - August 18, 1830 -
2) Belgium - King Leopold II – April 9, 1835
3) Denmark - Frederik VIII -June 3, 1843
4) France - Marie François Sadi Carnot – August 11, 1837 -
5) Germany - Wilhelm II -– January 27, 1859
6) Great Britain - Queen Victoria (Hanover) – May 24, 1819 – British Ruler – 2nd
7) Holland –William III – February 19, 1817
8) Italy - Umberto I - March 14, 1844 -
9) Norway - Oscar II [Oscar Frederik] – January 21, 1829 (Also Sweden)
10) Portugal - Carlos I – September 28, 1863
11) Russia - Alexander III Alexandrovich – March 10, 1845
12) Spain - Alfonso XIII – May 17, 1886
13) Sweden - Oscar II – January 21, 1829 (Also Norway)
14) Turkey - Abdülhamid II, - September 2 or September 22 - 1842 -
15) United States - Benjamin Harrison – August 20, 1833 -
16) Persia (Iran) - Nasser al-Din Shah Qajar – July 16, 1831 –
For centuries Black Africans have been exploited and exploited in the name of Islam. Then with the coming of the Portueses (so-called Christians) to Ghana around the 1440s , the so-called Christians started their exploitation.
FRITZ SPRINGMEIER A Bold Christian Truthseeker The Top 13 Illuminati Bloodlines [ http://www.youtube.com/watch?v=k73Q2_f4vKU ]
We Black Africans are puzzling. We have a bounty of riches around us, yet we persist in allowing outsiders to steal them; while we fight each other over trivial matters.
Just in case you're wondering, here's some Black Africans who have done wondrous things to change the way we live in the world.
For example : Garrett-Augustus Morgan invented the Traffic Signal to CURB (no pun intended) TRAFFIC ACCIDENTS !!!
* Buridge & Marshman - TYPEWRITER
* George Carruthers - X-RAY MACHINE
* George Washington Carver - PEANUT BUTTER - PAINTS – PAINT STAINS – ETC
* W.A. Dietz - SHOE
* Charles R. Drew - BLOOD PLASMA STORAGE SYSTEM
* Michael Harney - LANTERN
* Augustus Jackson - ICE CREAM
* H.A. Jackson - KITCHEN TABLE
* Isaac R. Johnson - BICYCLE FRAME
* John A. Johnson - WRENCH
* Frederick M. Jones - DEFROSTER - REFRIGERATION CONTROLS – AIR CONDITIONER
* Jones & Long - BOTTLE CAPS
* Lewis Latimer & Nichols - ELECTIC LAMP
* John L. Love - PENCIL SHARPENER
* Tony J. Marshall - FIRE EXTINGUISHER
* Alexander Miles - ELEVATOR
* W.A. Martin - LOCK
* Garrett A. Morgan - GAS MASK - Traffic Signal
* Lydia Newman - HAIR BRUSH - Nov 15, 1898
* W.B. Purvis - FOUNTAIN PEN
* L.P. Ray - DUST PAN
* W.H. Richardson - BABY BUGGY
* G.T. Sampson - CLOTHES DRYER
* .W. Smith - LAWN SPRINKLER
* J. Standard - REFRIGERATOR
* T.W. Stewart - MOP
* Maxine Snowden - RAIN HAT - 1983
* Paul E. Williams - HELICOPTER
* Granville T. Woods - Roller Coaster
* Granville T. Woods - Telegraph Transmission Devices - Dec 2, 1884 Patents # - 308, 816 (7)
Thanks to The Black Inventors Museum P.O. Box 76128 Los Angeles , Calif. (90076) Phone (310) 859-4602)
Director : Ghanaian Mr. Hamza Salifa
Contributor of Information : SEESTAH Imahkus Nzinga Okofo
[This inspiring poem was featuring in the movie “Coach Carter ”]
Our Deepest Fear Is Not That We Are Inadequate,
Our Deepest Fear Is That We Are Powerful Beyond Measure.
It Is Our Light , Not Our Darkness That Most Frightens Us.
We Ask Ourselves, Who Am I To Be Brilliant, Gorgeous, Talented, And Fabulous ?
Actually Who Are We Not To Be ? You Are A Child Of God.
Your Playing Small Doesn’t Serve The World.
There Is Nothing Enlightened About Shrinking So That Other People Won’t Feel Insecure Around You.
We Are All Meant To Shine, As Children Do.
We Were Born To Make Manifest The Glory Of God That Is Within Us.
It’s Not Just In Some Of Us; It’s In Everyone.
And When We Let Our Own Light Shine We Unconsciously Give Other People Permission To Do The Same.
And As We Are Liberated From Our Own Fear, Our Presence Automatically Liberates Others
- Marianne Williamson -
(Nkosi Sikeleli Africa )
God bless Africa May her glory be lifted high Hear our petitions .
God bless us, Your children God we ask You to protect our nation Intervene and end all conflicts Protect us, protect our nation, our nation.
From the blue of our heaven, From the depths of our sea, Over our eternal mountain ranges, Where the cliffs give answer.
Sounds the call to come together, And united we shall stand, Let us live and strive for freedom, In South Africa our land.
[Enoch Mankayi Sontonga]
WAKE UP !!! STAY UP !!!
[http://www.infowars.com/infowars.asx] / [gcnlive.com] / [http://alexjonesringtones.net/] Life Is A Game. Have Fun . Luke 18:17 - Isaiah 11:6