Chapter 1113 Big Loan
However, this does not overlap with Kewell's business. After all, he is just the business manager of a small bank. He wants to intervene in the economy of Maputo City and needs a media.
So he asked Rogge: "Mr. Rogge, I wonder what the main content of your investment promotion this time is?"
Rogge said: "Two directions, one is I hope that someone will invest in and build a factory in our city of Maputo, and on the other hand, it will introduce funds for enterprise development.”
The second point Rogge said made Kewell’s eyes light up, and he said: “You. Look at our Rooney Bank. Although it is not a big bank, it still has strength.”
"Hmm!" Rogge did not expect that Kwell would make suggestions at this time. Kwell was just a receptionist arranged by the Berlin city government. Originally Rogge planned to conduct business at the reception.
However, no matter how small a mosquito is, it is still meat. Kwell, who was arranged by the Berlin city government, is probably not a small person.
After careful consideration for a while, Rogge said: "If you can participate in investment in our city, as long as it meets the regulations, we will definitely welcome it. However, I am afraid that there is no one in our delegation that is qualified for your bank investment." "
The main reason is that Rooney Bank is not strong enough. The people who can participate in investment promotion on behalf of Maputo City this time are basically large-scale companies in East Africa.
Rogge's words made Kewell feel dark, but then he heard Rogge say: "However, you are not without opportunities. Our business delegation coming to Berlin is actually just the beginning."
"Now, under the guidance of policies, Maputo City definitely hopes to attract more foreign-invested enterprises. As for the banking industry in East Africa, it is also beginning to be liberalized. You may be able to carry out related business in Maputo City."
"As far as I know, there are many entrepreneurs in China today. Many of them are ordinary people who lack funds. If you go to East Africa to do business, you will still have a bright future."
"Of course. There are risks in this, but now is a hot spot. High risks also mean big opportunities. In other respects, you can also directly buy our East African national debt. However, there are too many people who want to eat this cake. You also want to eat the development debt of our municipal government. You can consider it.”
Since the Third Five-Year Plan, the threshold for the introduction of foreign investment in East Africa has been significantly lowered. Now East Africa is like a wild animal, you can eat as much as you want.
Before 1911, the total foreign debt of East Africa was less than 1.2 billion rhine guilders, almost more than 40 million pounds, and much of it was mainly accumulated from foreign trade.
This debt level can be said to be very low in the world. Among the world's major powers, the debt owed by the East African government is almost negligible compared with other countries.
In 1911, East Africa's debt increased by 720 million rhine guilders in one year, and this figure was still growing rapidly.
In addition to the large-scale debt borrowing by the East African government for development, local government's external borrowing conditions have also been liberalized. Although there are many restrictions, the scale is considerable. After all, there are more than 40 provinces in East Africa and hundreds of a city.
With so many provinces and cities, it is impossible for the East African government to take care of them alone. Therefore, if they want to develop, borrowing money from abroad is one of the easier ways.
Maputo City is one of them. This year, the Maputo City Government alone sent five teams to Germany, the United Kingdom, France, the United States and the Austro-Hungarian Empire.
Kewell was also very tempted after hearing the two plans provided by Rogge. He said to Rogge: "Director Rogge, if our bank opens business in Maputo City, will there be any trouble?"
Roger comforted: "You can rest assured about this. Nowadays, domestic economic policies are relatively loose and there are many opportunities. As long as you don't break the law, you can basically make a profit without losing money." "
"East Africa is a huge market with a population of more than 100 million, and compared to Europe, its economic activity is relatively low, and many industries are blank."
In the final analysis. , the East African government hopes to use funds from other countries to develop its own light industry. East Africa does not lack talents, markets and technology, but what it lacks most is start-up capital. Most of the East African government's industrial investments are concentrated in infrastructure, heavy industry, and agriculture, and it is difficult to take into account light industry as well.
Rogge suggested to Kwell: "If possible, you can send someone to our city to investigate. There are many Germans and Portuguese people living in Maputo itself. This is my business card. If you go there in the future, Maputo City, you can contact me.”
Rogge handed Kwell a piece of paper with Rogge’s office address and phone number on it. Nowadays, East African government agencies have basically universalized telephones. It is relatively convenient to contact us.
Kwill carefully accepted the business card. As the director of the Investment Promotion Office of Maputo City, Rogge’s identity is worthy of Kwill’s attention.
......
Cities like Maputo that directly sent "diplomatic" teams are not uncommon in East Africa. In 1912, there were as many as a thousand business delegations organized by the government in the entire East Africa. There are more than two hundred branches, covering almost all developed regions such as Europe and the United States.
The central government of East Africa has been borrowing heavily from foreign countries. National-level borrowings have always been high, often reaching hundreds of millions of rhine guilders. Although the currency value of the rhine guilder is relatively low among major countries in the world, at the beginning of the 20th century, most The national currency has a much higher gold content than the currencies of previous generations.
Rhine City.
Sweite reported to Ernst: "Today, our country's debt is as high as 2.2 billion Rhine guilders, and this does not include local debts. The national external debt is as high as more than 3 billion Rhine guilders."
“Such a high amount of debt is really too much for us, much more than in the past. However, it has also activated the development of our country’s local economy. Many cities are expanding their production capacity. Industry, especially light industry, has developed rapidly. The total freight volume of my country's transportation industry has increased significantly. "
More than three billion rhine guilders, which is actually more than three hundred million pounds, is definitely an astronomical figure. At the same time. In the future, the money owed by the United States to the United Kingdom is almost that much. Of course, in addition to the money owed to the United Kingdom, the United States also owes France, Germany and other countries a lot of debt, which may add up to more than a billion pounds.
Therefore, the national debt in East Africa seems staggering, but East Africa is still able to control it, and even borrows more, and East Africa is capable of continuing.
In this regard, Ernst said: "Although these debts are large, they are still within our acceptable range. The most important thing now is to convert these funds into real industries."
"And, in my opinion, we can borrow at least another three billion, and the government will The loan targets are concentrated in Britain, France, and Germany.”
Ernst’s words made other people in the East African government feel frightened. The debt of the East African government is already an astronomical figure in everyone’s eyes. If we follow Ernst’s words and double our income, we won’t know how we will repay it in the future.
Actually, what Ernst said is quite conservative. In Ernst’s view, no matter how much borrowing is done now, as long as the European War breaks out, East Africa may be able to pay off its debts. You can make a lot of money after the war.
However, to be on the safe side, Ernst did not dare to bet too big. If the European War did not break out, or if the scale of the war was not as large as in previous generations, or it did not last as long, it would most likely backfire on the East African economy.
So, the "Big Borrowing" plan formulated by Ernst has actually tended to be very conservative. Now Ernst only prays that the European War can develop as it did in history. For East Africa, this is East Africa An important opportunity to overtake Europe in the economic field.
Just like the United States in its previous life, it owed a huge debt to Europe before the war. After the First World War, Europe owed a huge debt to the United States.
So this round of large-scale borrowing in East Africa is actually Ernst’s plan for the war in advance. Now East Africa has only one purpose, which is to expand its industrial production capacity and then compete with the United States for the wealth during World War I. market.
(End of this chapter)