Nipate

Forum => Kenya Discussion => Topic started by: gout on April 16, 2015, 05:57:59 PM

Title: Qataris want Chinese renminbi currency clearing centre in Nairobi
Post by: gout on April 16, 2015, 05:57:59 PM

Interesting

Quote

“The signing of the MOU with Qatar is to help support the establishment of the NFIC and may also lead to the eventual establishment of a renminbi clearing centre in Nairobi… a team of experts from Qatar Financial Authority Centre have been working with officials of the National Treasury of Kenya since 2012 towards the realisation of NIFC,” said a statement by Kenya’s embassy in Doha.
.......
......

Setting up structures for direct exchange of the shilling and the Chinese currency through the clearing house could boost trade between the two countries by easing commercial transactions.

Kenyan exporters to China normally have payments processed through a lengthy process that involves physically sending Chinese payment cheques back to the country for clearance and payment.

With a clearing house, the cheques could be processed locally through an agreement between the two central banks thus expediting payments and easing the cost trade.

http://www.businessdailyafrica.com/Qataris-centre-to-clear-Chinese-currency/-/539552/2686896/-/5jiar/-/index.html


though Chinese don't want our tea due to 'flouride content'...over 1 tonne market lost

http://www.businessdailyafrica.com/China-rejects-tea-from-Kenya-over-high-fluoride-levels/-/539546/2686986/-/uwexss/-/index.html

Title: Re: Qataris want Chinese renminbi currency clearing centre in Nairobi
Post by: gout on April 16, 2015, 06:55:06 PM

It is all chinese ...direct flights to Gungzhou ...... bye inefficient KQ

http://www.businessdailyafrica.com/Corporate-News/Chinese-airline-entry-deals-blow-to-Kenya-Airways/-/539550/2686100/-/f2xg7pz/-/index.html