GERALD710:
Aaah Marsabit!!
Kenya's 'Underdeveloped' North

Kenyanstar:
Kenya Nightime

Why is the IMF so far off base? Because it is doing what it often does: it is taking the Central Bank of Nigeria’s (CBN) official inflation data at face value. That official rate averaged 14.3 percent from January to August of this year. For the IMF forecast to materialize, official annual inflation in Nigeria would need to average 17.6 percent for the September through December period. What did the latest inflation report from the Central bank of Nigeria show? According to the CBN, annual inflation was 17.9 percent in September. The IMF’s blind acceptance of the CBN’s data is a big mistake.

A former governor of Central Bank of Nigeria, Alhaji Sanusi Lamido Sanusi on Friday in Abuja, advised President Muhammadu Buhari to jettison the proposed plan to take $30 billion foreign loan because of its grave consequences.

According to him, even if the Senate approves the loan, no foreign nation or financial institutions would be willing to grant the request.

Sanusi, who is also the Emir of Kano, threw the challenge in his paper entitled: “A plan to restore confidence, direction and growth”, during a policy dialogue organised by an economic think tank, Savannah Centre for Diplomacy, Democracy and Development.

The ex-CBN governor argued that for a nation that has five exchange rates, it would be difficult for such request to scale through.

He said since the nation’s foreign exchange lacked credibility, the Federal Government should embrace private sector investments as means of boosting the economy out of recession.

highheybee:



Wetin wrong with these guys.... except electricity and poverty rate...where do you fair...last u checked your unemployment rate is 35%.... Nigeria win In many categories but you just kept deviating...we all knew the poverty rate...what of your unemployment rate...how has your electricity helped that...you were talking about satellites you were saying something else....you just get mouth but per sector Nigeria will always beat you guys....you are boys and we are men...boy run away from problems by being evasive while real men faces it...face your problems and stop being evasive....

you are boys and we are men...boy run away from problems by being evasive while real men faces it..

kikuyu1:
I notice much arrogance which is proportionally related to the level of ignorance among many Naijjans here. As I said earlier your economy was hilariously overinflated. It seems the CBN made a career out of this and when reality set in you didn't get the memo. I recall how you gloated 2 years back when your GDP was ranked above RSA.
Now all the results of that lie cooked up are apparent-Sanussi and co have served you up a giant ish sandwich and you'll have to bite deeply,since there's nothing else on the menu.

Fyi,he's an American prof. Economic stats are his life!




http://www.zerohedge.com/news/2016-10-18/nigeria-spins-out-control-and-imf-remains-unaware

You guys have a subculture of lying that's biting you in the arse. Here's a Kenyan example. Our education sec gave graphic measures to curb cheating in national exams-there were 30% less A's than previously in our end year primary school exams though the average mark was more or less same. Meaning? Honesty is always best;false confidence of dishonesty is dangerous.

Almost missed this! Sanussi finally discovers honesty:


http://punchng.com/30-billion-foreign-loan-sanusi-warns-buhari/

Iblawi,highheybee,68816419,for fvucks sake!! Do you still insist you're a half trillion dollar economy when you never were!?

68816419:
Niger delta states (cross river (Calabar) better than ugly small Swahili mombasa,Eldoret,Nakuru and Kisumu combined )

LightYagami:

Most of your banks outside Nigeria are mainly for serving Nigerians who go to those countries. You are 180million and we are around 44 million, remember. I see how world class your banks are. I may also ask you how many world class airlines do you have??
Kenyan artists? It depends with the genre. But then again music goes with waves, there was a time DRC had well know artists, more then any other African countries. Jamaica's is more established than French music scene. And this is a dumb question you asked tho
I think we have one world class stadium, and another one which is world classish and a few semi world class. Again we are not that of a great footballing nation. No one goes to watch games here. Very few guys. I dont even know when our national team is playing theri football games.
World Class Houses?? You can look up from NYali estate Mombasa, to Muthaiga in Nanyuki. etc I mean I just posted a picture of Le Mac,(413feet) 125m tall(and not an office) apartment in Westlands, only one building cannot top that in nigeria btw. How many blacks stay there? I mean the blacks are the majority, so they occupy most of the houses
Economy strength? A few years ago 1 ksh was 2 nairas, 2012 I think, now 1ksh is 3.10 nairas
We have Nairobi on steroids, I did show you buildings stats and stuff, I mean, I doubt any Nigerian City can scratch the skies like we do, I can repost if you want. Mombasa is a tourist hub,get more tourists than Nigeria combined. Kisumu, Eldoret, Nakuru are 500k-1m people, this means they have some life. I am sure you have more bigger cities than us, I mean, 44 milli to 180 milli.
We got no satellites at the moment, they don't help the common man
And my favourite. How good are we at major sports?
Nigeria under 17, 20s is good coz there is this rumour you field over aged people. Your senior football is pretty average. Egypt, Cameroon and Ghana got more Africa Cup of Nations. And only Ghana and Senegal have ever reached the world cup quarters. Our football is shite btw
Basketball, I dont know how well you guys do, I dont know how shite we really are
Cricket: We reached the world cup semis of 2003, yeah world cup, qualifies almost every tournament except 2015, I am sure we will qualify for the next tournament
Rugby: You can check World Rugby rankings. And I am sure you watch World Sevens Series, this need no explanation
Athletics: We had 6golds, 6silvers, 1bronze at the Olympics. You guys had 1bronze. And the world Javelin Champion is Kenyan, Julius Yego, though due to back injury he won a silver at the Olympics
Volleyball:http://www.absolud.com/foot/?page_id=77, we are ranked 40, you guys 60
He was born to a Kenyan woman, Tour De France is a huuuuuuuuuuuuuuuuuuuuuge event
Froome was born on 20 May 1985 in Nairobi, Kenya,[3] the youngest of three boys to mother Jane and father Clive, a former hockey player who represented England at under-19 level.[6] His mother's parents had emigrated from Tetbury, Gloucestershire, England to Kenya to run a crop farm.
Swimming, there was a time a Kenyan broke the Olympic record, stood only for a short duration, his name is Jason Dunford, did win loads of African and Commonwealth medals

LightYagami:
688..., a weird name. Your obsession with the Indians, Whites and Somalis is beyond me. In Nairobi your land lord is a kikuyu, second and third largest supermarket chains are owned by kikuyus. etc
Since you know Kenya so much, why dont you mention the Kikuyus and the impact. They were around 7 million Kikuyus lcounted during the last census.
And there is this article I found online
https://www.modernghana.com/news/455846/africas-most-entrepreneurial-ethnic-groups.html

Igbo of Nigeria
The Igbos of Nigeria are Africa's most energetic and most entrepreneurial people. They are not ancient traders but emerged much more recently with the onset of the British colonialism. Through sheer grit, hard work and a talent for spotting new opportunities, they emerged as the dominant traders and business leaders as Nigeria raced towards independence in the mid 50s. The Igbo dominance of Nigeria's commerce and industry was one of the reasons that led to the Biafran war. Today you can find Igbo traders all over the world from South Africa, Kenya, Ivory Coast, China, Japan, the United States, Hong Kong, Thailand, Indonesia, Malaysia, Ireland, Vietnam, India amongst others. They are mostly merchants although a significant number have diversified into industry, banking, and transportation and service businesses. Researchers have identified the Igbos along with the Ashkenazi Jews and the Swiss Protestants as the people with the greatest achievement motivation in the world.

Kikuyu of Kenya
Like Nigeria's Igbos, Kenya's Kikuyu established businesses with the onset of colonialism. Since Kenya's pre-colonial economy was entirely in the hand of white settlers, many Kikuyu businesses emerged following Kenya's independence in 1963. Today, the Kikuyu run businesses straddling virtually all sectors of the Kenyan economy ranging from transportation, retail trade, tourism and hospitality, manufacturing, and much more. Kikuyu business communities can be found in virtually all East African cities such as Kampala, Kigali, Juba, Kinshasa, Bujumbura, Dar es Salaam and in countries such as the United States, Britain and China.

The Somali
With their country in shambles for over two decades, one can easily assume that the Somali must be the most impractical people with the worst management skills. But if their success in business is put into consideration, nothing could be further from the truth. The Somalis rank amongst some of Africa's most entrepreneurial communities. They mainly operate as merchants owning several stalls and are dominant in import-export trade due to their networks in Dubai and Guangzhou. You will find Somalis in businesses such as imports of clothes, shoes, watches, laptops and other manufactured goods mainly from Asia. Export trader mainly involves miraa or khat to Somalia, Djibouti, Eritrea and the Arabian Peninsula. In recent years, many Somalis have diversified into transportation, hospitality and banking.

chagga and akan complete the list
Kikuyus are Kenyan and black African,and you never mention them, you want to show how Black in my country are hopeless. If you know Kenya why don't you mention the Kikuyus??

68816419:


funny guy
glo has over 80 millions subscriber and 100% own by Mike Adenug[/b]a , how many does safari come has(25.1 million) and the goverment and the share holders own bearly 48% the rest are unknown ..
let now go to MTN- MTN nigeria is a company that is at least 18% owned by Nigerians and the rest are jointly owned by other private induals and nigerians, plus get your fact well MTN IS NOT OWNED BY SOUTH AFRICANS RATHER "MTN International (Mauritius) Limited (MTNI)"

kengen is still a small company , they only have revenue of above 17billinon shillings (not Dollars) and can only produced installed capacity of 1,5695 GW.how dare you call such company "large"

[b]second largest cement producer the East African Portland Cement is 52% ; dont worry Dongote is comming soon, , plus 52 percent is small for country that wish to compare it self with the "Giant of Africa", mind you ,Dangote cement ,BUA cement are 100% owned by nigerians

sugar company; i can as well build my own sugar company in kenya, we have quite number of them and 100% owned by nigerians
Kenol Kobil is Kenya's second largest oil company and Kenya's largest oil multinational is owned by Africans like Nicholas Biwott. National Oil, who owns the largest oil company in kenya?
Kenya Pipeline which has a monopoly of building oil pipelines in Kenya is 100% owned by and managed by Indians right?

KETRACO and how many megawatts of electricty do they distribute?

TEAMS, our main fiber optic is majority owned by Safaricom and the Government of Kenya ; same safaricome not fully owned by Kenyas?

68816419:

Nigga please, why showing us Northern roads where they only have less than 3% of Good roads , show me mersebit,isiolo,Garissa inner.....roads?

GERALD710:

1. You clearly do not know anything about Tax havens. MTN is incorporated in Mauritius,So are several Kenyan locally owned companies like TransCentury. They do so to save on taxes. MTN's owners are all South African.
Even in Kenya, many companies do so to minimise their tax as Mauritius and Kenya have a tax agreement.

2.Kenya Pipeline has ZERO Indians!!SMH!!
In fact, the current accusation is that 90% of the employees are from two tribes!! The tribes currently in power. There are no non African Kenyans in Kenya Pipeline at all!!http://venasnews.co.ke/2016/01/22/charles-keter-sacks-kenya-pipeline-md-flora-okoth-and-replaces-her-with-nephew-joe-sang/

3.KETRACO transmits 97% of Kenya's electricity, the remaining 3% is done by Kenya Power which used to do the original transmission but the Government took the transmission department of Kenya Power and made it into KETRACO. Kenya Power however still owns some transmission lines in the Rift Valley. Both are Government parastatals. So Government Property in all cases.

4.KENGEN has asset base of nearly 2 billion dollars.It is ever adding capacity with 700 MW in the pipeline in the next year and over 3000 MW in the long run. Its revenue is currently low as it mostly sells Hydro power for $0.025 per kilowatt-hour when private companies sell Thermal Power for $0.19 per kilowatt-hour. Kengen has very few Thermal power plants
And it produces 1,500 MW, not GW. In Gigawatthours, it is 5.5 GWh
As it invests in Wind power and Geothermal, its revenue will continue rising as Geothermal goes for $0.05 per kilowatt-hour and Wind for 0.07 per kilowatt-hour.

5.Again, you try to excuse MTN which is owned 18% by Nigerians AT MOST but you hit on Safaricom which is 60% owned by Kenyans
Which part of 35% of Safaricom is owned by the Government of Kenya and 25% is owned by Kenyans through the Nairobi Stock Exchange DO YOU NOT UNDERSTAND?
The other 82% of MTN has No Nigerians!!I have checked!!

6.And Glo has a subscriber base of 36.3 million as of August 2016, nowhere near the 80 million you are falsely claiming.http://www.brandessencenigeria.com/glos-subscriber-base-climbs-to-36-3m-adds-5million-new-lines-in-1-year/

7.Oh, Please!!52% means the Government has control of the company while the investors(Lafarge) bring in the technology. The latest technology
As for Dagonte, he will face a market where his company will pay 35% corporate tax(compared to the 20% for Kenyan companies listed on the stock exchange as our largest cement companies are ) if he retains a 100% shareholding. He will thus have to sell some of the stock to....The Government of Kenya just like Lafarge did when it created Bamburi cement.20% of Bamburi is owned by NSSF.
Otherwise, he will follow the path of South African companies that refused to do so.They are all gone.
Even DSTV in Kenya is owned by Multichoice which is 60% owned by DSTV South Africa and 40% by KBC, A Government Parastatal.http://www.rapidtvnews.com/2012022219957/kenya-broadcasting-corp-and-multichoice-face-competition-probe.html
Liquid Telcom's Kenya unit is partially owned by the former owners of KDN(the company they acquired). Who include the Government of Kenya
Pan Africa Insurance, a South African Insurer went to the Nairobi Stock Exchange so as to 'Kenyanise'.
South Africa's Standard Bank(known as Stanbic in East Africa) merged with CFC Bank which is owned by people formerly in power to form the present CFC Stanbic Bank https://en.wikipedia.org/wiki/Stanbic_Holdings_Plc#CfC_Bank_Limited
These are the only South African companies operating in Kenya apart from the Game having one supermarket at Garden City Mall. If the retailer decides to grow, the Government will ask for a share or the company goes public.
All other South African companies that refused to bend to the Government of Kenya's will were shunned by the public(as local companies waged a campaign against them) and pressured by Government.I am thinking Tesco,Massmart,Nandos, SAB Miller.
Even Airtel was at some point told to sell part of its shareholding to Kenyans(As its competitors Safaricom is 60% owned by Kenyans and Orange is 40% owned by the Government of Kenya) https://www.telegeography.com/products/commsupdate/articles/2012/10/16/bharti-airtel-required-to-sell-15-of-airtel-kenya-by-april-2013/
Dude, the GOVERNMENT OF KENYA is the controller of Kenya's economy.Not Indians,Not Whites, Not Somalis, not Even Kikuyus who have more wealth than all the other three put together.
THE GOVERNMENT OF KENYA!!Sirkal!!

I like that , it seems like you have gone to conduct more research on wiki, well, i will still burst your ass wide open, let me start with this.

68816419:


I like that , it seems like you have gone to conduct more research on wiki, well, i will still burst your ass wide open, let me start with this.

Again, you try to excuse MTN which is owned 18% by Nigerians AT MOST but you hit on Safaricom which is 60% owned by Kenyans
Which part of 35% of Safaricom is owned by the Government of Kenya and 25% is owned by Kenyans through the Nairobi Stock Exchange DO YOU NOT UNDERSTAND?
The other 82% of MTN has No Nigerians!!I have checked!!

Now tell me what of % stake does nigeirans owns in Glo AND what number of subscriber does it has in comparison with your so called "Safaricom "

LightYagami:
And you are here making noise about Somalis. Lemme educate you 688.... Somalis are an ethnic group found in Somalia, Ethiopia, Kenya and Djibouti mostly. That's where their native land is. 9million in Somalia, 4.5 million in Ogaden region of Ethiopia, around 2.5 million in North Eastern Province of Kenya and around 500k in Djibouti. It is called Soomaaliweyn(Greater Somalia). They have equal rights under the constitution as any Kenyan. So if you find a rich somali he is Kenyan as a rich Kikuyu is.
And here is one example
Our Secretary of Foreign Affairs is Somali by tribe. She is also representing running to be AU president. Hope she wins. She was in your country looking for votes btw.
There she is
You are here segregating people on tribal and race lines. tbh if you were white you would be in the KKK, maybe a treasurer there. Talking about race shows howlowly of a human you. We make progress as a nation not as some race or isht. The majority part of Africa is poor if you compare it to the west and that is a thing we are trying to change. We have raised salaries of teachers in public schools, doctors, etc. I suspect they are paid double what the nigerian government pays theirs. Again you can prove me wrong. I have no data on that.
You have not seen a Kenyan hurling random insults, I know there is some Lebanese Nigerian who is developing Eko Pearl or something like that but you dont see me here saying he is Lebanese. Do you?? He is developing your country as a Nigerian.
And yes, this thread was started by a Nigerian, not a Kenyan. Thats says a lot btw
here is Amina

n Summary

Nairobi and Gaborone on Thursday agreed to cooperation that marks the first South-South pact.
In the plan, experts from KRA will provide technical assistance on audits of multinational enterprises to their counterparts in the Botswana Unified Revenue Service.
KRA will deploy qualified tax experts to Botswana to provide assistance with ongoing audits of multinational companies

68816419:

Do Somalis called them self Kenyans or even blacks ?

68816419:

Do Somalis called them self Kenyans or even blacks ?

Kenyanstar:
Wakenya wenzangu hawa watu si ni mafala ile mbaya..... Nilidhani kimasomo wako juu kumbe wamechapa. I think this Nigerians are now derailing this thread.

LightYagami:
The other day I was on Quora, a site, maybe you know it, for questions and answers. Saw this Indian chica answer some random question
I am sure she hates being Kenyan too
https://www.quora.com/Why-do-many-Kenyans-have-Indian-names
Even stalked her to prove a point to you.
Now show me someone who hates being Kenyan. Other than that, dont include races in your argument 688.