Chapter 559 Small Commodity Market
Of course, such a building requires a lot of service personnel.
However, most of the service staff will only be responsible for daily maintenance. When Barron comes to live here, more than 20 accompanying maids and various professional service staff will take over the place.
For these things, Barron's daily life assistant Aliya is now very skilled. When he was still visiting the Jupiter Building, Aliya had already directed the staff to bring clothes, daily necessities, etc. Objects began to be placed according to Barron's habits, making the entire residential area orderly.
“Barron, I see that Colo is developing very well. Do you think there are good investment opportunities here?”
Standing on the top observation deck of the Jupiter Tower, looking down at the new city, Prince Andrew couldn't help but ask.
“In fact, before this, this place was very poor, but fortunately, they discovered oil - although the reserves are far less than those of the big dogs in the Middle East, but for such a small country , it is already the favor of God..."
Barron held the wine glass and also looked at the busy corner of the city with various buildings in the distance, and said calmly to Ander Lu said:
“Furthermore, Kolo is in a good location and has the best port in West Africa. It will be an emerging market. In such a market, it is full of opportunities. After all, Europe is very prosperous, and it also means that With full competition, there are no opportunities for new entrants, unless there is a wave of innovation.”
The so-called words can lie, but money cannot.
Barron himself has a lot of investments here, so his words are still very convincing to Prince Andrew.
You know, even as a member of the royal family, Prince Andrew can be said to be richer than most ordinary people, but he still needs to earn income through his own investments, and he is also passionate about it.
Many people tend to equate royal assets with the Queen's assets. In fact, there is a difference. Just like the Queen's assets shown in rich lists such as Forbes are usually the Queen's private assets, while It does not include the assets of the entire royal family.
After hundreds of years of accumulation, the royal family owns a large amount of real estate, jewelry, stocks and other assets, but similarly, the many castles, manors, etc. they own require huge amounts of funds to maintain.
The royal family hopes that the government can pay for these, but of course the government is naturally unwilling... As early as 1760, King George III began to transfer many real estates to the British government one after another. This tradition has been maintained - after all Going further back, the maintenance and repair of those "antique buildings" also requires a huge investment of funds.
In exchange, the British government will also deliver a sizable "sovereignty grant" to the royal family every year.
However, these allocations cannot be used for the personal expenses of royal members, but can only be used for the daily maintenance of the royal family, including salaries of official residence staff, public utilities, information technology, property maintenance, royal travel expenses, etc. wait.
As members of the royal family, they cannot receive remuneration for work outside the royal family. They can also receive considerable allowances by attending some diplomatic, charity and other activities for the royal family.
Just like Prince Andrew, he also has the title of Duke of York, but it is not like his brother, His Royal Highness the Crown Prince - as the Crown Prince, the income from the Cornish territory belongs to the Crown Prince himself.
Prince Andrew’s title of Duke of York is just a title and does not have fief income.
Therefore, if you want the economy to be more affluent, you need to make some investments on your own.
He invests in businesses ranging from perfumes to football clubs, and it also hosts networking events that bring investors and entrepreneurs together to discuss business ideas.
In his previous life, in order to get rid of the accusations against himself, Prince Andrew spent 12 million US dollars to reach a settlement with the other party - it is said that some of the funds were sponsored by the Queen.
After that, Andrew's financial situation was extremely poor. Even the villa he lived in was in disrepair due to financial problems, and he was almost kicked out by His Royal Highness the Crown Prince who had become the king at that time...
It can also be seen that his assets are not too many... Even if the reputation of Prince Andrew in the future is not good, no matter what, he is a member of the royal family and has his own value.
Therefore, if he can invest in Colo, he will definitely maintain it for the sake of profit, and Barron is still happy to see it happen.
After seeing off Prince Andrew, Barron convened the CEO of the West Africa Group, Hainaut Duran, and the management of its branches in the conference room of the Jupiter Building. Listen to their reports on the development of the group at this time.
West Africa Group is Barron’s entity group company that invests in Kolo and the entire West Africa region through West Africa Holdings.
It can also be said that West Africa Group is the largest enterprise in Kolo, and its tentacles involve all aspects of Kolo's national economy.
For example, in the financial field, the West African Group owns businesses such as the United Bank of West Africa and the Bulita Stock Exchange.
The United Bank of West Africa even has the right to issue banknotes, the Kolo legal currency, the Kolo Shilling, and the right to advise on relevant exchange rate policies and financial policies.
At present, the United Bank of West Africa has not only set up branches all over Kolo, but also has branches in countries including Ghana, Benin and Burkina Faso...
Because Kolo has the largest port in West Africa, Loti, so their re-export trade has developed rapidly, especially for Burkina Faso, a landlocked country adjacent to Kolo. Almost all their products must be imported through Kolo. Shipped to the country.
Even Ghana and Benin, which have their own coastlines, still have a considerable portion of cargo that needs to be transshipped from Kolo.
Therefore, the Kolo government has signed relevant trade agreements with these countries, including mutual tariff reciprocity, and cooperation in the financial field...
It was also from that time that the United Bank of West Africa Started business expansion abroad in Kolo.
It is also worth mentioning that the West African Commercial Management Company, a subsidiary of the West African Group, has also built a West African small commodity wholesale market in Cewiec, less than 50 kilometers away from Loti Port. Make contact and import a large number of high-quality and low-priced products from Yiwu, China, for sale here.
At present, the West African Small Commodity Wholesale Market has become the most well-known comprehensive wholesale market in West Africa. Even traders from many neighboring countries come directly to Cewiec to purchase goods...
In Following the success of the wholesale market in Cevec, West African Business Management will also establish a second wholesale market for small commodities in Dassault.
Dassault is located at the northern end of Colo. It is also the northernmost section of Loda Expressway and Loda Railway, Kolo's main transportation artery. The establishment of a small commodity wholesale market there will also help promote the development of the northern area of Kolo and make it more convenient. The market radiates to landlocked countries in West Africa including Burkina Faso.
With the development of these trades, Kolo shillings have gradually begun to flow out.
On the one hand, it is more convenient to come to Kolo to "purchase goods", on the other hand...
After all, as we all know, many countries in Africa, due to various reasons such as economic instability and confusing evidence, Currency devaluations in many countries have been widespread and substantial, devaluing ordinary people's currencies.
Since its launch, the exchange rate of Kolo Shilling has been relatively stable.
(End of this chapter)