african currency devaluation

African Currency Devaluation

Many African countries are passing through some major currency upheavals. For example, Zimbabwe accepts nine foreign currencies while the Zimbabwe dollar was abandoned due to hyper inflation. Zambia withdrew its restrictive law designed to protect kwacha.

African currencies are facing the downturn in sentiment towards it by other nations. Many factors like interest rates and government finances are adding to it. China and other nation dependent economies are facing also facing the heat. Africa’s debt and government deficits are hindering investors from investing.

As many African nations

are landlocked and do not

have port facilities, import-

export facilities go at a

snail pace compared to

coastal area. Local

production with assistance

from overseas companies

that provide guidance,

equipments, know-how,

engineer service, supports

and partnership hold the

key to its revival.

We have the required expertise

to produce modular concrete

components in the country. A

joint venture between us and a

local company to produce

concrete modular components

with available material can

reduce the time to build a

house. It takes over a year to

build a home in Africa, with

modular the job can be done in

few weeks. This will save on

the loan borrowed by the home

owners from banks whose

interests are higher than those

in western countries.

We have the required management, engineering skills and provide full support, plus we do provide half the investment in the long run. We will also remove ocean freight, import duty, taxes and local charges from the expense column thereby increasing savings.