₦airaland Forum

Mkenya2019:
That was 2020 - we are in the middle of 2021 - and you're giants of Africa messes.

So in one year in the heat of COVID or basically in 6 months one bank gained 1.2 billion dollars in assets and the other 700 million dollars what evidence do you have for that?

kikuyu1:
DON'T yelp about cooking, goddamnit! Our figures are understandable even to JAMB runaways infesting this thread.
Have someone break THIS DOWN gently for you.

I was right it hasn't grown that much you gave me a figure of 889 billion kenyan shillings which is literally 8 billion dollars as it was in 2019

Meaning I was right and your lies fell through meanwhile equity is 9.3 billion dollars

Mkenya2019:
https://www.the-star.co.ke/business/kenya/2021-04-06-equity-dethrones-kcb-to-be-named-biggest-lender-in-kenya/
1dollar=108Ksh
The ranking based on the 2020 end year financial results acknowledged the lender's asset growth which hit over Sh1 trillion, becoming the first bank to reach such margins in East and Central Africa.

Equity's total assets are valued at Sh1.015 trillion, followed by KCB Group at Sh987.8 billion. NCBA Bank is third with total assets as of December 31, 2020, standing at Sh527.6 billion followed by Co-op Bank at Sh464.5 billion.

That's 9.3 billio dollars not ten and KCB is like 8.7 billion dollars so yes Access Bank is still bigger then your top two banks COMBINED but that's understandable we are the GIANTS OF AFRICA

Mkenya2019:
As of 2021 - that is no longer true - Both KCB and Equity Bank groups are each about 10B dollars in total assets.

KCB as of 2019 says 8.87 billion dollars I don't expect a bank to grow that significantly in two years during COVID without some cooking of figures going on

Meanwhile Equity doesn't seem to have any confirmed total asset at least by simple google search since 2014

Mkenya2019:
In kenya - only those 3 are foreign - Stanbic/Barclays/Stanchart - in the 14 for Nigeria - I can count 4 that are foreign - Ecobank (Togo),Stanbic, Citibank and StanChart.

So we can go with 7 for Kenya and 10 for Nigeria :

I think you mean 6 for Kenya

Abohboy:
So you're going to count Absa, Stanbic and Standard Chartered even though they are all subsididaries in Kenya of South African Banks and I bet at least two more on that least are foreign and not indigenously Kenyan

Edited

The co operative bank is based in the UK so 4 out of 10 of your banks are foreign let me now go back to check the list and see the actual total assets of INDIGENOUS Kenyan Banks and not subsidiaries of British and South African banks

Edited

It is about 17-19 billion dollars in total

This means Nigeria's largest bank ( Access Bank) is about the same size as 6 of Kenya's largest bank asssets COMBINED at 18 billion dollars

Mkenya2019:
But I pasted it here. Search.

And this list is very old - Equity total assets has almost doubled - and KCB has crossed 10B. See some of the recent acquisitions - and remember to chuckle a little - when you Access Bank Nigeria bought crap for 1.4B ksh

https://money-gate.com/largest-african-banks-in-the-world/
Counting by country, in the top 80 African banks by assets, are the following:

Algeria-5 Ivory Coast-1 Senegal-1
Angola-4 Kenya-10 South Africa-7
Egypt-7 Mauritius-5 Sudan-1
Ethiopia-4 Morocco-7 Tanzania-2
Gabon-1 Mozambique-2 Togo-1
Ghana-3 Namibia-2 Tunisia-1
Rwanda-1 Nigeria-14 Uganda-1

10yrs ago - it was just one bank - see Kenya is growing on STEROIDS but you don't listen. You will wake up when Kenya overtake Nigeria in less than a decade (real uncooked GDP). You cannot GDP - because by then Kenya banks will bigger than Nigeria amongst other indicators;

Equity already laid down the gauntlet - 100M customers by 2025- and 25B dollar in total assets.
https://www.bloomberg.com/news/articles/2021-05-26/kenya-s-biggest-bank-targets-seven-fold-customer-growth-by-2025

So you're going to count Absa, Stanbic and Standard Chartered even though they are all subsididaries in Kenya of South African Banks and I bet at least two more on that least are foreign and not indigenously Kenyan

Edited

The co operative bank is based in the UK so 4 out of 10 of your banks are foreign let me now go back to check the list and see the actual total assets of INDIGENOUS Kenyan Banks and not subsidiaries of British and South African banks

Edited

It is about 17-19 billion dollars in total

rvp20182:
How do you cook money in the bank. How does a cooked GDP generates 21B dollars for gov as revenues - when tax rate is btw 16-30?

Nigeria economy is cooked. As of now - when I compared most data - it should be twice bigger than kenya - not 4 times. It should be 200B dollars or about. South Africa is indeed a big economy - and so is Egypt.

You're very welcome to invest in Kenya. It easiest place to come. But trust me if South African have not managed to hack it - you will not. In kenya we promize you one thing - BRUTAL competition. Kenya gov will not demand 3B dollars like youre doing South Africa. Nor will kenya gov stop your from taking dollars to Nigeria.

Kenya firms will eventually reach Nigeria - but not so soon - we are moving to Congo first - then once we know enough french - we will rule Central Africa - we are done with East Africa - and South Africa is too strong in Southern African. So now focus is Central Africa and then North Africa.

Maybe in a decade we will show up in Nigeria - and hopefully it will have got basics like electricity fixed.

You love to lie clearly Kenyan banks are unlikely to make any waves in Nigeria whatsoever any time soon, Nigerian banks have already started moving into Southern and Central Africa through Congo, Zambia and Mozambique and we're already growing massively in west africa but France still controls a lot of industry in this area but ultimately the fact of the matter is Kenya doesn't compare you're blowing the trumpet too loud

rvp20182:
When did you proof. There is difference btw Nigeria immigrant kid studying in London like you going to Oxford - and a Nigerian kid from Kaduna going to Harvard. You're only a Nigerian in name. In fact the remittance after first generation drops to zero..because the Nigerian immigrants kids will have less or no attachment to Nigeria.

And what do you mean when did I prove it I posted a picture from a news site which was written by a Kenyan Harvard Graduate who stated Nigerians were the most numerous black peoples group in Ivy league Universities with Ghanaians following in second

rvp20182:
When did you proof. There is difference btw Nigeria immigrant kid studying in London like you going to Oxford - and a Nigerian kid from Kaduna going to Harvard. You're only a Nigerian in name. In fact the remittance after first generation drops to zero..because the Nigerian immigrants kids will have less or no attachment to Nigeria.

Search for it yourself many many Nigerians go straight from Nigeria to University in foreign countries and your statement of remittance falls to zero look at Dave

Dave is a british artists who was born and raised in England to an immigrant mother but guess what he still vists Nigeria and is even funding a school and musical academy in Lagos and he sends money to his grandparents in Nigeria and I will do the same and I know many others who will also do the same when they grow up and actually make money

rvp20182:
Nigeria has 20 million economic refugees all over the world.

Yep resort to that when I just proved our educational system produces more ivy league graduates then Kenya

rvp20182:
Now we send so many nobody talks about them. They are so many - Equity Bank and Afrisap - alone send 100s.

As for Prof - we have had those. Infact after death of Prof Juma - harvard has agreed to give two scholarship to kenyans every year

Equity Bank will from 2018 begin to offer scholarships to Kenyan students to study at Harvard University in the United States.

Equity Group Chief Executive Officer James Mwangi said that Harvard University agreed to the proposal in honour of late Kenyan scholar Professor Calestous Juma, who was a lecturer at the institution until his demise last week.

The person who wrote the report is Kenyan and she said herself that Nigeriand are the most numerous out of any black peoples groups even larger then African Americans

rvp20182:
Kenya is not Nigeria where going to Yale or Harvard is big deal - Kenyans went to Yale, Oxfords and such in 1950s.

https://nairobinews.nation.co.ke/news/kenya-ranked-top-african-country-in-students-intake-at-yale-university

Kenya has cemented its position as the top African country with the largest number of students admitted yearly to the prestigious Yale University in the United States.

Data from the university indicates that 24 Kenyan students have been accepted to study at the institution this year, ahead of Nigeria’s 23, Zimbabwe (18), Ghana (17) and South Africa (16).

See this Nigerians are at the top when it comes to ivy league admissions in America

rvp20182:
Kenya went to Ivy league in 1950s under the John Kennedy Airlift programme - it's not big deal anymore. The likes of obama father were there in 1960s. At least 800 kenyans were taken to best US universities then

The first Kenyan to go to Harvard was renowned media personality, Hilary Ng'weno. He joined the institution in 1957 to study nuclear physics, never mind there were not many industries at the time in Kenya. He would later return to Kenya in 1962, becoming Kenya’s youngest editor-in-chief at Nation in 1965 and went back to the US as the first African fellow of the Harvard Center for International Affairs between 1968 and ’69.

So you don't really go there today is what your saying essentially meaning your students are not all that smart

And just last year a Nigerian was appointed as a proffesor in Harvard University by the way when it comes to education in America China, India and Nigeria are at the top

AfriqueDuZuid:
Read my message again

You said 90% of wealthy people send their kids to public schools a clear lie

AfriqueDuZuid:
Aint you in university?

Nah G secondary School

rvp20182:
I never said attending international school is a metric - of knowledge. It only make sense if youre looking for kids to have an international experience - multicultural settings - or like me when you are moving around - I cannot take my kid to south africa public school - then next year I change them to Nigeria school.

I think in terms of IVY league - kenya leads or equal Nigeria - despite the population difference. These are mostly poor kenyan kids graduating from high school.

Show me one report of a Kenyan going to an Ivy League school every year from September till March the front page of Nairaland is filled with Nigerian girl or boy or whatever wins competition and gains scholarship to insert oxbridge or ivy league school i've never seen the same for Kenya though

AfriqueDuZuid:
Dude even in england schools can never be equally funded or equally equipped the schools in metros cities towns will be better equipped than those in rural areas.

Actually why are we even speaking about private schools? My emphasis was on public schools that SA using same curriculum at a public school in Sandton and one in Qunu in EC.

Elon musk went to a public school, also to a public university. Infact 90% wealthy people attend public schools

Now that is a massive lie all of the people I know in South Africa or wealthy and only one of them sends their children to a public school the rest is private whether it be St David's Marist, St Stitihians, St Peter, Hilton, Michaelhouse, St Andrews etc. And your claim is false I left South African Education system to school in England, The private school I attend is close to a public school and both have massive sports hall, both have two big main school buildings the only difference is that my private school is boarding and it has more land on it apart from that theyare the exact same and keep in mind they are about a 45 minutes drive away from any major city so it's basically countryside

rvp20182:
Kenya middle class kids go to private mostly boarding school - where studying is even worse - because kenya compete for good public secondary schools and universities. it only a few that can afford international schooling that kids relax.

Most kenyans take their kids to boarding school as early as 3rd grade - the boarding schools need to ace their exams - so they extract as much as they can from the students - long hours of studying is almost a given.

When it comes to Intl schools - definitely kenya is Africa leader - with 150 such schools
https://www.businessdailyafrica.com/bd/lifestyle/society/boarding-schools-attraction-for-foreigners-3327818
There are at least 150 international schools in Kenya, according to the Kenya Association of International Schools (KAIS), teaching both 8-4-4 or Competency based Curriculum (CBC) and international curricula of their choice.

“On average, international schools educate about 200,000 Kenyans. Further, the department of immigration processes on average 20,000 student passes every year, with the bulk of those being for students attending international schools,” said Jane Mwangi, secretariat coordinator of the KAIS.

The lobby group for elite private schools states that the rise in the number of international students has been driven by increased expats due to its regional and logistics hub status.

This also due to the high number of consulates, embassies and foreign-owned companies.

“Kenya is arguably the international school hub of Africa. We have seen a great rise in students coming from East and West Africa,” said Ms Mwangi.

Since when was going to an international school a metric of knowledge I know people who went to the British international school here in South Africa who are idiots.


And in any case I asked where are the Kenyans who go straight to the top universities in foreign countries without any foreign education as in straight from Kenyan secondary school to Harvard with a full scholarship such happens in Nigeria every year very often and many of my family members on both sides have even attended oxford business schoo, harvard, cambridge and other of the top universities in the world I hope when the time comes I will also make it into those universities

kikuyu1:
If you could get out your Grannys' shack once done with her backrubs and log off you'd hopefully cease reflex denying !
Fyi, most of our runners started by running to school.


[url]https://www.bbc.com/news/world-africa-18271403/url]



The lifestyle calls for a true Spartan! A certain cultural ritual I CAN'T EXPLAIN helps greatly in dealing with the pain of lactic acid build-up.



Hundreds of thousands of Kenyans do this daily. THIS is how CHAMPS are made,son!

So lack of proper transport infrastructure and lack of availability of schools in an area is something to brag about? In any case for a middle class Kenyan family they don't have to wake up at 4am to go to school now do they?

AfriqueDuZuid:
Dude im well travelled accross the country, i worked along side the department for two years

There are more number of blacks in private schools than whites.

Public schools offer same curriculum accross board whether predominantly black or white. Same goes for private. The other difference is that other public schools still pays school fees others they don't. Others are boosted by coorporates as part of CSI.

The difference is in the maintenace of the facilities and in the quality of teaching and of course there's more blacks then whites in private schools there's way more blacks in South Africa anyway

Actual data is looking at the percent of white school going children who go to private schools or afrikaans schools and do the same for blacks you'll find that in terms of percentage more white children go to private schools overall then black people do.

AfriqueDuZuid:
In south Africa black or white its the same education system same test, its the same one that produced Elon Musk

International schools are far in between, they not fancied here

Why are you lying in South Africa there is clear difference between schools blacks and whites go to most black people go to poor public schools meanwhile most whites go to private schools as an example use google earth and compare

Grayston Prep ( Private School ) To Sandown High School ( Public School )

They are literally across the road from each other in one the buildings are unmainted in the other one they are well painted and the grass maintained

Mkenya2019:
Bridges? - make that a bridge - and your oxymoron would make sense; somehow; they may even love you and like your nonsensical post; but we know the longest elevated expressway is not even 30km for the elevated part.

If Nigerians were in Kenya school system the teachers would murder you

Then why do I see so many Nigerians going from Nigeria straight to harvard, oxford, yale, stanford etc but not the same in Kenya

Mkenya2019:
My story is very consistent coz I don't lie. I use to work 50-50 btw Geneva and Nairobi. My kids have gone to intl schools in Kenya, Uganda, and Rwanda. I recently moved them from South African Crawford intl to here - Intl Schl of Geneva.

And I have tried kenya system; it as worse as China and India.

It is only in Kenya that you find kids going to school by 4-5 am- be it rural or urban. I lived in many countries - and I never saw that.

KENYANS no doubt study the hardest.... it's almost brute force...kenya kids...my 5yr old was supposed to be in school by 6am..she had tonnes of assingment....she reminded me of my life growing up.

If there people who study hard..it has to be Kenyans, Indians and Chinese. Drive randomly to any part of kenya today - by 4 am - you will find kids going to school - and just before midnight walking home. Those in boarding do even worse...they sleep for like 5-6 hours

No country in Africa that I have visited will ever come close to Kenya students sacrifices - china and india.

If an average primary Kenyan kid comes to Nairaland and see the English - they will discontinue their education.

You love to lie if Kenyans work so hard as in every single one why is your country in such a bad position

Mkenya2019:
Wole Soyinka; the Yoruba Nobel Laurate; once said; A Tiger doesn't pronounce it's trigitude; it pounce;

Are you not the same who bragged about sending your children to a 40k dollars per year school not that I believe you but still

Mkenya2019:
you want it to abruptly stop at the land border..the same way an elevated expressway has ground level to start and end it... a bridge will also descend slowly. Please use your brain

I'm just telling you we have the same here in Nigeria and not all bridges have to descend Carter Bridge is flat for example at this rate not even sure what the argument is for tbh

Mkenya2019:
South Africa and Nigeria education are about the same - Nigeria is a bit worse. South Africa is Ghana level. Unless you went to international school or white school. But South Africa public black school...no difference with rest of Africa. They take teachers from rest of Africa.

The developed world can take Africa nurses NEVER a teacher.

Average teacher in Europe has a master - be they in grade o or grade 12.

South Africa will not become a developed world precisely for that reason - EDUCATION is sub-sahara standards - you cannot move to next level with that kind of brains. Middle class yes.

You think i'm talking about public school in South Africa?

Mkenya2019:
Okay, let us say partially elevated for an 11km with total lenght of 28 expressway happy now. Bad news for you - there is nothing like that in Africa. Lagos main bridge is a bridge over water. There is no road below it.

But when it gets to Marina it continues as an elevated expressway as you guys like to say above a smaller road and then it goes onto Victoria Island

Mkenya2019:
You insult our intelligence; we give you enough pointers; to get your googling. Only Nigeria take pride in their ignorance. Just coz you dont yet have an elevated expressway - doesn't mean it doesn't exist or is a flyover.

I've never even lived in Nigeria though talk less of use their educational system if you want to throw shade do it on the South African and British systems where I've actually studied

Mkenya2019:
Once they invent a braille for videos; I would be able to assist.

I cba I asked you a simple question and gave you two options you couldn't even choose one and went ahead to begin insulting me for what? This forum site is so backwards this is why I use twitter more

Mkenya2019:
Your undeveloped brain can only comprehend pictures.
1) Nairobi Outering - 2Km flyover

https://www.youtube.com/watch?v=-pDXYrDi55c
2) Nairobi Expressway - elevated expressway

https://www.youtube.com/watch?v=8H2mz5bLB8w&t=43s
3) Nairobi Viaduct - under construction.

https://www.youtube.com/watch?v=AWrBabq6vlc

This doesn't answer anything is it amount of lanes or connection to highway systems stop waffling

Mkenya2019:
Flyover versus elevated expressway. Kenya has 2km fly over . You cannot find in South Africa an elevated expressway. Try Asia. Tokyo, Manila, Jakarta and China of course.

Still haven't explained what puts them apart, i've just shown you a flyover structured the same as yours is it about lanes used or being connected to a highway system?