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China announces $2.36 bn currency swap agreement with Nigeria.

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China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion).

The People’s Bank of China (PBOC) said on its website the swap deal will facilitate trade and investment, and safeguard stability of financial markets of both countries.

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According to the ACCA global: “A currency swap is an agreement in which two parties exchange the principal amount of a loan and the interest in one currency for the principal and interest in another currency. At the inception of the swap, the equivalent principal amounts are exchanged at the spot rate.”

Nigeria is Africa’s most populous nation and has the continent’s biggest economy. It recently slid in recession but made a quick exit. The economy was a major plank of the Buhari campaign that brought him to power in 2015.

China on the other hand is seen as a key economic player across the continent. Its infrastructure investments are sprawling across much of sub-Saharan Africa.

Chinese presence in Africa is also accompanied by a strong diplomatic relationship. African leaders have often flown to Beijing to engage on diplomacy but on the sidelines signed trade and bilateral deals.

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Djibouti commissions $3.5 billion Chinese-built free trade zone

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Djibouti commissioned a $3.5 billion, Chinese-built free trade zone on Thursday, deepening ties with the Asian giant and helping the Horn of Africa nation generate more jobs for its youths.

Djibouti, with a population of 876,000, already hosts Chinese, U.S. and French naval bases and it also handles roughly 95 percent of the goods imported by Ethiopia, its land-locked neighbour with 99 million people.

The zone will be jointly operated by Djibouti Ports and Free Zones Authority and China’s Merchants Holdings company.

The zone which will house manufacturing and warehouse facilities, an export-processing area and a services centre, is expected to handle trade worth $7 billion within two years, and create 15,000 jobs when complete.

 

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Solve Your Rent Issues Africa- Invest in Real Estate Internationally With $100.

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Every January across Africa, the rat-race begins in most homes. The race to pay rent or face legal squabbles with landlords (who are smart individuals who planned their future) or in extreme cases face eviction.

This month, you can ensure the last rent you pay occurs this January 2019 because you will have an opportunity that allows you tap into the international real estate investments outside of your physical location or country.

If you are interested in this, click here and fill this form and one of our representatives will contact you. Please include your country code when filling in your mobile number.

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Real Estate Development

 Block-chain technology creates the opportunity to participate in the impenetrable primary real estate market to access global opportunities and earn exponential returns.

In the multi-trillion dollar real estate industry, substantial profits are generated with the operation of property development strategies. From land rezoning to building subdivisions, these strategies produce superior investment performance in contrast to renting and flipping property. As an ignored opportunity by most individual investors, profits are secured for institutional investment firms and accredited investors who can wield the challenges of large capital requirements and elevated inherent risks.

We will alleviate the risks and barriers of real estate development and open the gateway to these high yielding opportunities. With the use of blockchain technology, the market will experience increased participation from individuals that will multiply global capital flow and fundamentally expand cross border income. Now individuals from all over the world can access the high returns of this investment environment.

Click here to fill a form and one of our Managers will contact you with more information on how you can be part of this Real Estate dream. Click Here.

Please include your country code when filling in your mobile number.

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