Africa's first offshomre bank

Article Abstract:

Econobank Transnational is the first private bank of a multinational character in Africa. It is owner by nationals of 16 countries; all of them members of the Economic Commission of West African States (Ecomas). The Ecobank is selling 100,000 shares at $1,000 each in order to raise a capital of $100 million. It will be located in Togo and will have the character of an offshore bank with full freedom of action. Ecobank will also lend money for development projects. The largest number of investors are form Nigeria and comprise 30 percent of the total.

Banking industry, Finance, Africa

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Publishing - an increasingly multinational industry

Article Abstract:

In the publishing industry, there is a trend towards increased internationalization. As of 1982, 32 U.S. publishers were operating 82 overseas subsidiaries. United Kingdom publishers have increased their exports on the 1980s to $450 million in 1983. The U.S. market is not growing fast in the 1980's and reached a peak of $8.2 billion in 1982. Electronic media will soon have a strong impact on the industry, especially the compact disk, which is gaining acceptance for reference books such as encyclopedias.

PRINTING AND PUBLISHING, Publishing industry

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