Chapter 559 Small Commodity Market
Of course, such a building requires many 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.
Barron's daily life assistant Aliya is now very skilled in these matters. While he was still visiting the Jupiter Building, Aliya had already directed the staff to bring clothes, daily necessities and other items according to Barron's instructions. Get used to placing them and keep the entire residential area in order.
"Barron, I see that Kolo 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, for such a small country, it is already God's favor. Already..."
Barron held the wine glass and looked at the corner of the city in the distance where various buildings were being built. He said to Andrew calmly:
"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, which also means that through full competition, there are no more Opportunities for new entrants, unless there is a wave of innovation.”
Words can deceive people, 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 the royal family's 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, they are usually the Queen's private assets and do 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 of England began to hand over many real estate properties to the British government one after another. This tradition has been maintained - after all, the further back, those " The maintenance and repair of "antique buildings" also require constant investment of massive 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, utilities, information technology, property maintenance, royal travel expenses, etc.
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 fragrances 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 future Prince Andrew's reputation 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 profit, and Barron is still happy to see it happen.
After seeing off Prince Andrew, Barron summoned the CEO of the West Africa Group, Henault Duran, and the management of its affiliated companies in the conference room of the Jupiter Building to listen to their opinions on the group. Report on developments at this time.
West Africa Group is Barron’s group of entities that invests in Kolo and throughout the West Africa region through West Africa Holdings.
It can also be said that the West African 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 for West Africa even has the right to issue banknotes, the Kolo legal currency, the Kolo Shilling, and to formulate relevant exchange rate and financial policy recommendations.
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 owns Loti, the largest port in West Africa, 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. to be shipped to the country.
Even with Ghana and Benin having their own coastlines, a significant portion of cargo 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 began its 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. Yiwu imports a large number of high-quality and low-priced products and sells them 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...
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, and 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 also gradually tended 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, in many African countries, due to various reasons such as economic instability and confusing evidence, currency depreciation in many countries is very common and to a large extent, which devalues the currency of ordinary people.
Since its launch, the exchange rate of the Kolo Shilling has been relatively stable.
