On behalf of their respective institutions, Aloysius Uche Ordu, Vice President, Regional and Country Programs and Policy from the African Development Bank (AfDB) and Faith Tuedor-Matthews, Deputy Managing Director, from the United Bank for Africa Plc (UBA) signed today, two loan agreements for a total of USD 150 million.
The loan agreements were signed under the AfDB Emergency Liquidity Facility (ELF), and Trade Finance Initiative (TFI) designed for the rapid injection of liquidity into African markets via strong private sector partner institutions.
(Above picture) Godwin Ize-Iyamu, Executive Director, United Bank for Africa (UBA) Plc, Faith Tuedor-Matthews, Deputy Managing Director, UBA Plc and Aloysius Uche Ordu, Vice President, Regional & Country Program & Policy, African Development Bank (AfDB) during the signing of the $150million trade finance and infrastructure development facility, granted UBA by the AfDB , in Tunis, Tunisia
These are the largest facilities to date, granted by the AfDB to a private sector financial institution in Africa. â-¬â-ªâ-¬â-ªThe TFI loan totaling USD 100 million will be used by UBA to advance trade credits to corporate customers across its pan-African network, enabling it fill the gap left by the retreat of non-African institutions from the market. This loan will permit UBA to significantly ramp up its intra-African corporate banking operations and specifically the promotion of regional trade. The ELF of USD 50 million also approved by the AfDB will enable UBA to play a catalytic role in supporting corporate projects, infrastructure and SME financing across Africa.
Speaking at the ceremony, AfDB Vice President, Aloysius Uche Ordu, stated that "Regional commercial banks such as the United Bank for Africa have an important role to play in accelerating Africa's economic growth, social development and economic integration of our nations". VP Ordu continued by saying that "the AfDB is committed to supporting these institutions with comprehensive assistance. We hope that this support will go a long way in strengthening and enhancing UBA's ability to impact its pan African operations".
These transactions are consistent with the AfDB's initiatives formulated in response to the Global Financial Crisis, its Country Strategy Paper for Nigeria as well as the Nigerian Government's millennium development agenda. This financial assistance to UBA also fits with the AfDB's Private Sector strategy to support sound and capable financial institutions during the financial crisis.
Also speaking at the signing ceremony, the Deputy Managing Director of UBA, Faith Tuedor-Matthews said "the support from the African development bank will further enhance UBA's ability to service its customers across the African continent. Coming at a time of severe credit constraints globally, this deal which represents the single largest commitment to a financial institution in the continent is a major recognition of UBA's ability to support private and public enterprises across Africa".
About AfDB
The African Development Bank (AfDB) is the premier development finance institution that is dedicated to combating poverty and improving living conditions across the continent. The AfDB is also engaged in mobilizing resources for the economic and social progress of its Regional Member Countries (RMCs). The Bank's mission is to promote economic and social development through loans, equity investments and technical assistance.
About UBA
United Bank for Africa Plc is one of Africa's leading financial institutions offering banking services to more than 7 million customer accounts across 750 branches in 19 African countries. With presence in New York, London and Paris, UBA is connecting people and businesses across Africa through retail and corporate banking, innovative cross border payments, trade finance and investment banking.
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HeyNow Afrikan Family !
On Afrikans Investing In Technology , Afrikans abroad & In Afrika
Should Invest In The Technologies around the world And Have It
Shipped To Afrika With The Know-How To Do It Ourselves.. We
SHOULD NOT just allow countries to come into our countries and build
and settle on our lands. If you will allow a stranger to run your country,
Then you will allow then to run your state. If you will allow a stranger to run your state,
then you will allow them to run your city, your neighborhood, your home, your family,
yourself.. We Black Afrikans will be free , when we stop selling ourselves !!!!!!!
America (The Whore Of Babylon) Is Trying To Re-vive it'as dying
soul via other ASIANS & CAUC - ASIANS , But Prophecy Is
Pronounced :
And in those times there shall many stand up against the king of
the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR
PEOPLE shall exalt themselves to establish the vision; BUT
THEY SHALL FALL ! [Daniel 11:14 ]
ATTENTION AFRIKA , you have 300 million citizens spread
abroad that need your help getting back to our roots. While you
are looking to countries like America & China to uplift Afrika, Many
of us Black Afrikans spread abroad are proficient in a lot of useful
technologies. Here is a brief synopsis of some of the inventions
that Black Americans have produced. So please help us to get
home.
BLACK AFRICAN INVENTORS AND THEIR INVENTIONS
* Sarah Boone - IRONING BOARD - April 26, 1892
* John A. Burr - LAWN MOWER
* Marie V. Brittan Brown - HOME SECURITY SYSTEM - Dec 2, 1969
* Buridge & Marshman - TYPEWRITER
* George Carruthers - X-RAY MACHINE
* George Washington Carver - PEANUT BUTTER - PAINTS PAINT STAINS ETC
* W.A. Dietz - SHOE
* P.B. Downing - POSTAL LETTER BOX
* Charles R. Drew - BLOOD PLASMA STORAGE SYSTEM
* T. Elkins - TOILET (COMMODE)
* Robert Flemming Jr. - GUITAR
* George F. Grant - GOLF TEE
* J. Gregory - MOTOR
* Michael Harney - LANTERN
* Augustus Jackson - ICE CREAM
* B.F. Jackson - GAS BURNER
* H.A. Jackson - KITCHEN TABLE
* Ruane Jeter - DIGITAL TOASTER - April 14, 1987
* Isaac R. Johnson - BICYCLE FRAME
* John A. Johnson - WRENCH
* P. Johnson - EYE PROTECTOR (GOGGLES)
* W. Johnson - EGG BEATER
* Frederick M. Jones - DEFROSTER - REFRIGERATION CONTROLS AIR CONDITIONER
* Jones & Long - BOTTLE CAPS
* John H. Jordan - CLOTHES DRESSER
* Mary B. Kenner - SANITARY BELT (TAMPONS) - May 15, 1956
* Mary B. Kenner - BATHROOM TISSUE HOLDER - Nov 19, 1982
* Mary B. Kenner - BACKWASHER ( BATHTUB OR SHOWER MOUNTED) - July 29,1987
* Lewis Latimer & Nichols - ELECTIC LAMP
* W.A. Lavalette - PRINTING PRESS
* Maurice W. Lee PRESSURE COOKER
* A.L. Lewis - WINDOW CLEANER
* John L. Love - PENCIL SHARPENER
* Tony J. Marshall - FIRE EXTINGUISHER
* Alexander Miles - ELEVATOR
* Jan E. Matzeliger - SHOE LASTING MACHINE
* W.A. Martin - LOCK
* Garrett A. Morgan - GAS MASK - Traffic Signal
* Lydia Newman - HAIR BRUSH - Nov 15, 1898
* Alice H. Parker - HEATING FURNACE - Dec 23, 1919
* J.F. Pickering - AIR SHIP (BLIMP)
* Purdy & Sadgwar - FOLDING CHAIR
* 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
* Paul E. Williams - HELICOPTER
* Granville T. Woods - Roller Coaster
* Thanks to The Black Inventors Museum *
* Address : P.O. Box 76128 - Los Angeles , Calif. (90076)
* Phone (310) 859-4602)
* Director : Ghanaian Mr. Hamza Salifa
AND
ONE AFRICA TOURS & SPECIALTY SERVICES LTD.
* Major Contributor of Information : SEESTAH Imahkus Nzinga Ababio Okofo
[ http://www.oneafricaghana.com/ ]
P. O. Box CC 1251 - Cape Coast
Ghana - West Africa
What can you do to help us ?
Start with contacting Pan-Afrikanist organizations like BLACK
STAR MEDIA (Modelled after Marcus Garveys Vision For Afrika) : They are at
[ www.libradio.net ]. The CEO of BLACK STAR MEDIA is Keidi-Obi
Awadu. He has been on the frontline fighting for our freedom for
over 30 years.
It's Not A Question Of Other Learned Societies.
It's The INFERIORITY COMPLEX WE HAVE TO SHED
St. Paul In A Letter To The Christians In Rome Said :
" For I say, through the grace given to me, to every man that is
among you, NOT TO THINK OF HIMSELF MORE HIGHLY Than
He Ought To Think; but to think soberly, according AS GOD HAS
D EALT TO EVERY MAN THE MEASURE OF FAITH .
We All Should Think Highly Of Ourselves, Keeping In Our Mind
That God Gave Us Dominion Over The Earth
, NOT EACH OTHER. !!!!!!!!
So let's please help us to return to our Mama Afrika as Israel
under Moses escaped their exile !!!!!!!
MAMA AFRIKA YOUR CHILDREN WANT TO COME HOME !!!!!!!
[Check Out :
WHO BROUGHT THE SLAVES TO AMERICA ?
[ http://isohunt.com/torrent_details/42787621/Who+brought+the+slaves+to+ameri ca?tab=summary]
for full length video
FRITZ SPRINGMEIER A Bold Christian Truthseeker The Top 13 Illuminati Bloodlines
[ http://www.youtube.com/watch?v=k73Q2_f4vKU ]
WAKE UP ! STAY UP MY BROTHERS & SISTERS !
[ www.libradio.net ]
[ www.gcnlive.com]
- Life Is a Game. Have Fun. [ Luke 18:17 / Isaiah 11:6 ] :
to upliftdarace_144:
Oh my! How uninformed you are.
None of those things were ever invented by the Africans. Never do the Africans invent things. The examples you noted above are of people who hold some patents on items that White European people have invented. Interestingly enough, none of the people you cited has an African name...thats because the Africans cannot invent or built anything. But they are very skilled at breaking and destroying things. Look at the DRC or Zimbabwe. The Africans have an IQ 20% below of their Oriental counterparts: http://en.wikipedia.org/wiki/Race,_Evolution,_and_Behavior. So give us a break and go back to your hut.
CONGRATULATION AFDB; JOB WELL DONE !!!!