Puneet Varma (Editor)

Banca per l'Africa Orientale

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Founded
  
1917

Banca per l’Africa Orientale (BAO) was an early attempt to establish modern banking in the Horn of Africa at a time when Eritrea and Italian Somaliland were Italian colonies.

  • 1917 - Banca Italiana di Sconto promoted the formation of the Banca per l’Africa Orientale as a joint stock company in Rome with head office in Massawa and a branch in Mogadishu.
  • 1918 - BAO commenced operations.
  • 1923 - BAO was liquidated following problems at the bank and the failure of Banca Italiana di Sconto.

    • References

    Banca per l'Africa Orientale Wikipedia
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