AFRICABIZ VOL 2 - ISSUE: 132
July 15 - October 15, 2013
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Editor: Dr. Bienvenu-Magloire Quenum
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A WORD FROM THE EDITOR

Dear visitor and international investor,

We warmly welcome you, if this is your first visit to Africabiz Online - The ultimate newsletter on trading and investing in 49 sub-Saharan African countries. If you are a regular and faithful reader, welcome back.

- COMPLEMENTARY CURRENCY TO NATIONAL CURRENCY: DEFINITION

In previous deliveries [1, 2] Africabiz Online hailed the emergence of the BRICS entity that would provide financing alternatives to African countries in addition to the existing ones - mainly procured till now by the World Bank, the IMF and cohort.

The setup of the BRICS entity is a breakthrough that would assist developing nations get financing for comprehensive development scheme - the most efficient way to create riches for all, and alleviate poverty - as exposed in Africans, Stop Being Poor!

In said book are listed score and score of financing engineering schemes/suggestions to power on the implementation of comprehensive development projects in African nations.

One important financing alternative, however, had not been exposed in the book, in order not the cloud the description of the exposed Integrated Developing Scheme, to make it "easy" to read and comprehend for all.

That missing financing alternative is the description of Complementary Currency Systems that allow for (Mutual) credit to be granted to producers in rural areas, interest free, making "money" available to rural folks to pay for their vital needs, to use as medium of exchanges within the circle of fellows members, to purchase raw materials in order to produce and sell goods.

A Complementary Currency System acts in parallel with the existing national currency (issued by the Central Bank,) to make liquidity available to craftsmen, farmers, herders and all rural people engage in economic activities who have difficulty to access the normal banking system, that charge "huge" interest rates - and require various credentials and collateral to grant a loan.

The PDF document available here gives a comprehensive description about Complementary Currency Systems.

- HOW IT WORKS

The diagram below, courtesy of http://koru.or.ke/bangla, is the perfect illustration of how the system works. Bengla standing for Bengla-Pesa - the Complementary Currency setup in Kenya by social workers dedicated to improving the living standard of rural people, providing them with "alternative" financing means to produce and purchase goods and services.

Local business people list with the system's governing body (Bengla Business Network), get "mutual credit" vouchers to use as a payment mean to purchase raw materials, various production inputs and other goods, to produce and sell - with participant members of the Business Network.

The governing body would use part of the repayment by the adherents to provide community development services.

- IS THIS MONEY FORGERY?

Most of the time, in communities implementing Complementary Currency scheme around the world, the physical voucher acting as payment-mean looks nothing like correspondent (official) national currency. Therefore one cannot say that the voucher is a forgery of the existing national currency.

However, it might be seen as a "forgery" by the national Central Bank if its inception and establishment had not been endorsed by national authorities, and is the sole result of the undertaking of social workers.

Click the following link to read about: The Usage of a Complementary Currency as Financing Catalyst to Boost the Developing Process in African Countries.

MORE ON COMPLEMENTARY CURRENCIES

1- As Good as Gold. A National Currency This is a reproduction of a book published before 1923. 2- Rethinking Money How New Money Turns Scarcity Into prosperity 3- Creating Wealth Growing Local Economies With Local Currencies. 4- The Genius of Money Essays and Interviews Re-imagining the Financial World 5- 30 Lies About Money Liberating Your Life,Liberating your Money 6- The Money Question A Bold Vision for Systemic Change

7- The Public Bank Solution From Austerity to Prosperity 8- Web of Debt The Shocking Truth About Our Money System and How We Can Break Free 9- How Mutual Funds Work Second Edition - New york Institute of Finance 10- Prudhon and "the Bank of the People" A Vision of the Great French Anarchist. 11- Deficiency of the Existing Circulating Medium And the Advantage of a Mutual Currency 12- Alternative Money Movements As a Challenge to Globalization?

Many thanks for dropping by and see you here on October 15, 2013

Dr. B.M. Quenum
Editor of AFRICABIZ

BUSINESS OPPORTUNITIES IN AFRICA

- Several business opportunities - component parts of the Integrated Developing Scheme described in Africans, Stop Being Poor! are listed in following table.

- NO MORE SYSTEMATIC UPDATE TO "BUSINESS OPPORTUNITIES"

With the release on January 31, 2013 of Africabiz Media™ flagship eBook, Africans, Stop Being Poor! The Roadmap to Prosperity for African Nations, the systematic update of the "Business Opportunities" section ends with delivery 129.

The several deliveries about "Business Opportunities" in African countries - started since 1997 - exposed in the table above number 128. Each of these opening way to at least five additional investment opportunities, that makes around 600 (six hundred) business opportunities exposed by Africabiz Online since 1997.

That is enough for anyone searching for business opportunities in African countries, to find his bread and water to entering the promising market of 49 sub-Saharan African countries where double-digit growth rate is the norm for well planned and professionally implemented projects.

From time to time, some exceptional project might be here reported, which needs shareholders.

- This is not the end of Business Opportunities in Africa

This is not the end of the Blog thought! If you do need a specific project to be tailored for you from the ground level, to financing research and implementation supervision, please visit the support page here available open a ticket to contact Dr. Quenum & Associates for assistance.

- Interested parties - private African and international investors / companies, government agencies, international development agencies - to make contact through the Free Access Support Console available at this link

Contact through the support console will get quickest reply from Africabiz Online's staff, than contact by emails. Click here for contact information. Be advised that first contact should be through the support console to be followed by phone calls. If you are a VIP-Member, use VIP-Members Support Console available here. Before you consult please click here to review this clarification

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