₦airaland Forum

kikuyu1:
what does it take for Naijjans to comprehend the concept of per capita? What invisible force blocks their mental machinery from seeing this idea understandable even to 7 year olds?

What about South Africa on that list?? Also all of East Africa have almost exactly thesame population as that of Nigeria, so there's no excuse here.

NairobiWalker:
This thread is teaching me how messed up Nigeria is everyday. Why would you print Ghana must go bags? Why are you guys so hateful? You're all over Africa spreading crime yet you want no one in your country? You're always complaining whenever you're treated bad in other African countries yet are so hateful to Africans in your own country?

Hateful to Africans how??

Just30:
the main factor for the 2015 FDI drop was Ghana's three years power crisis

just common 3 years power crises and you have FDI drop?? so what happens when your power situation becomes like that of Naija?? you slip into utter recession

Countdown to 2019, we thank jah for a successful 2018, looking forward to a better and more prosperous 2019.

Nollywood still on the move!

Ibrahimanis:
Ghana consumes 1.325billion cubic meters, Nigeria more than 20billion cubic meters, third in Africa, first in sub Saharan Africa.

So tell me how Ghana consumes more gas than Nigeria.

lt must be by per capita

tylann:
And how about foreigners studying in nigeria are they any

Yes

tylann:
.
Then why are you always in the worst cities list year in year out can you explain that
Or it is just western propaganda

lt's just Western Propaganda, because no light like that.

tylann:
What is jamb ? And what is the purpose of jamb ?

Read again

tylann:
Will you mind explaining to me why they do that is like a Kenyan studying in south Sudan or DRC you will never get one

They do that mostly because of the population competing for spaces in Nigerian schools.
Jamb( an exam made intentionally difficult for this purpose of selection) is also a stumbling block for many. Even after jamb, there is post jamb.

Ibrahimanis:
Guess the highest ranked African team

Nigeria is the best in both male and female basketball in Africa, no disputing that.
ln the female category, we have the best record on the world stage.

Jonraid:
Here you go!

What is Kenya investing in Tanzania and who are those Kenyan investors?

China's African debt-trap: Beijing prepares to seize Kenya's port of Mombasa
Nairobi fails to repay massive debts on shady loan for underperforming railway, Kenyan infrastructure ripe for the taking: reports
214152
By Duncan DeAeth,Taiwan News, Staff Writer
2018/12/27 17:53
File Photo: Kenyan Pres. Uhuru Kenyatta and Xi Jinping, 2013
File Photo: Kenyan Pres. Uhuru Kenyatta and Xi Jinping, 2013 (By Associated Press)

TAIPEI (Taiwan News) – China may be preparing to seize some major assets in the African nation of Kenya, as a result of debt-trap diplomacy.

African media reports that Kenya may soon be forced to relinquish control of its largest and most lucrative port in Mombasa to Chinese control.

Other assets related to the inland shipment of goods from the port, including the Inland Container Depot in Nairobi, and the Standard Gauge Railway (SGR), may also be compromised in the event of a Chinese port takeover.

Kenya has reportedly taken extremely large loans from the Communist government for the development of some major highways, and especially for the SGR, which forms a crucial transport link to and from Nairobi for the import and export of goods through Mombasa.

In November, Moody’s noted that Kenya is at high risk of losing strategic assets because of debts owed to Beijing.

Local media began to express concern that Chinese lenders may be angling to seize assets, since it does not appear the Kenyan government will be capable to repaying the loans.

Now, one month later, ahead of the New Year, it’s been reported that the Chinese may be preparing to take over the Mombasa Port infrastructure soon.

The African Stand also seems to suggest that the SGR, which is operated by the Chinese, may have been designed to be a “loss-making venture.”

With a reported loss of KES 10 billion (US$98 million) in its first year of operation, it would be nearly impossible to repay the loans taken for its construction in the time requested. Kenya reportedly accepted loans of KES 500 billion (US$4.9 billion) for the SGR’s construction.


Kenya's Standard Guage Railway linking Mombasa to Nairobi (Associated Press Photo)

Kenya’s Auditor General reportedly stated that deal has always favored the China Exim Bank, which advanced the loan for the project. Further, Kenya signed on to a deal that requires any arbitration of disputes related to the debt must take place in China.

From the African Stand.

An audit completed last month indicates that Kenya Ports Authority’s (KPA) assets, which include the Mombasa port, could be taken over if the SGR does not generate enough cash to pay off the debts.

“The China Exim Bank would become a principle in (over) KPA if Kenya Railways Corporation (KRC) defaults in its obligations and China Exim Bank exercise power over the escrow account security.”

When the Chinese lender granted the loan to the Kenyan government, somehow the KPA signed on as a borrower. Somehow Kenya's government agreed that the port “would not be protected by sovereign immunity since the Government waived the immunity on the Kenya Ports Assets" by virtue of KPA signing on as a borrower, according to the Auditor General.

It is becoming increasingly clear that China’s designs on the nations of Africa are anything but benevolent. Kenya appears to be lining up behind Zambia, which is slated to lose its international airport, as well as its national electricity grid because of defaults on Chinese loans.

African nations must wake up to China’s new form of colonialism that is chipping away at their critical infrastructure one major asset at a time

NairobiWalker:
Stop being an Idiot, Ghana is a sovereign country standing on its on. You're stupid if you believe what you said anyway - how can someone feed from you and become better than you?

Don't be foolish, read this from Ghanians themselves..


[b]Nigeria topped the list of countries with the largest value of investments registered, whiles China continues its market aggression on the continent, commanding the top position of countries with the highest number of projects registered in the country. The Nigeria business interest in Ghana spread across different sectors of the economy. These include areas like Banking, Insurance, Telecoms, Oil and Gas, Trade and Commerce, Manufacturing, Aviation, ICT, Eateries, Churches and Hospitality businesses. In addition to these sectors we have a huge population of Nigeria Students in Ghana studying in various tertiary institutions across the country. The population of Nigerian students studying in Ghana can conservatively be estimated to be about 5,000, but in actual fact they could be much more than that considering the craving for knowledge in that country.

Economic Benefits from Nigerian Businesses.

Let me start with the Nigerians studying in Ghana. These students are categorized as foreign students and expectedly their school fees are priced in hard currency. If we estimate that each student pays average of US$3,000 per academic session (many of them pay much higher than that) in terms of inflow to the country, Ghana receives about US$15m yearly in form of school fees and levies from Nigerian students in the country. This does not include amount spent as monthly maintenance, upkeeps and rents which will almost double that same figure of US$15m. In total, the Nigerian student community in Ghana collectively injects about US$40m into this economy annually.

Let us look at the banks, In terms of employment generation, if you take the seven Nigerian commercial banks in Ghana today, assuming each of them have an average staff strength of 600 regular staff and many others in support capacity these banks collectively provide decent jobs to more than 5,000 Ghanaians with handsome salaries and emoluments. This is just one of many sectors of the economy where Nigerians are adding unparalleled value to their host nation’s economy.

If you go to Telecoms, Nigeria is ably represented by Glo mobile or you look at the manufacturing sector, we have the likes of Dangote Cement, Fine Print Industries, and Coscharis etc. There are multiple Insurance companies, ICT and Aviation and transport companies of Nigerian origin. If each of these companies employs 100 Ghanaians on average, their number of employees put together cannot be anything below 5,000 people. There is no country in Africa not even South Africa that has the kind of investment Nigerians have in Ghana.

We can also look at other areas of contribution from Nigeria to Ghana. Let me just remind our readers that as at May 2014, the seven Nigerian banks have a total assets base of Ghc17.1b out of Ghc42.3b assets of the banks in Ghana. This represents 17% of the industry and their shareholders funds stood at Ghc1.2b out of the industry Ghc6.1b almost 20% of the banking sector (source Bank of Ghana).

These banks collectively pays huge sum of money to Ghana Revenue authority as corporate taxes every year. This is aside from other taxes like PAYE, WHT, VAT on imported items because of their line of business (software application taxes) e.t.c. One of these banks provided funding to the University of Professional Studies to build some state of the art lecture theatres and halls of residence, which lead to the school being upgraded to a university status. The nice park near the Accra Sports Stadium which used to be in a sorry state at the centre of the town near Osu cemetery was single handedly funded and maintained by this same bank among numerous things Nigerian banks are doing as responsible corporate citizen of Ghana.

If you ask any Ghanaian banker who has worked or is still working with any of these Nigerians banks or other companies in Ghana, I am sure they will tell you the value addition they have gained in terms of quality improvement in their knowledge base while working for these companies. The change in mentality, work ethics, the reward system they are enjoying and above all the empowerment and responsibility accounting they have come to learn over this period are unquantifiable additions to the system.

Nigerian’s External Reserve is about $39 billion as at March 2014. If there is good understanding and strong economic ties between the two countries, I don’t see why Nigerian government cannot give Ghana between US$1billion to US$2billion as a soft loan for a period of time for the country to come out of its economic predicaments instead of locking the country into those expensive Eurobond transactions that come with its own attendant challenges.

We are not exploring the ‘Big Brother Africa’ possibilities enough. We always want to turn to international lenders when you have a brother or a friend that can work out some arrangement for you without anybody knowing. They do that a lot in the banking system. They call it interbank transactions, whereby a bank suffering from temporary liquidity challenge takes some fund from other ‘friendly’ banks to meet its pressing obligations through the overnight market windows or arrangement without any of its customers knowing about it. Proverbs 18:24 says “One who has unreliable friends soon comes to ruin, but there is a friend who sticks closer than a brother’’ (NIV). This is more momentous when one is in time of dire straits[/b]

NairobiWalker:
Blcohina2018 is exposing you. If you can't dominate your region like we dominate Tanzania how do you expect to dominate East Africa 5500 km away.

Aside the USA and China, Nigerians are the largest investors in Ghana, the Ghanians themselves can't deny this. Not just in Ghana, Nigeria has more of her investments all over West Africa than any other region even with the French barrier in 80% of West Africa.

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Dangote: Mega corruption discouraged me from investing in Kenya
By NAHASHON MUSUNGU April 7, 2018 9:00 am2 Min Read
Nigerian tycoon Aliko Dangote, President and Chief Executive Officer of the Dangote Group. AFP PHOTO Nigerian tycoon Aliko Dangote, President and Chief Executive Officer of the Dangote Group. AFP PHOTO
Africa's richest man Aliko Dangote shelved plans to extend his vast business empire to Kenya, after being put off by top decision makers in the country whom he has described as "more corrupt than Nigerians."


Africa’s richest man Aliko Dangote shelved plans to extend his vast business empire to Kenya, after being put off by top decision makers in the country whom he has described as “more corrupt than Nigerians.”

Celebrated media personality Jeff Koinange recently made the revelation from a private conversation he had with the Nigerian billionaire businessman.

Speaking on his breakfast show on local FM station, Koinange shared details of his chat with Dangote whom he meet when attended the tycoon’s daughter’s wedding in Nigeria last month.

“I asked him, ‘Al Hajj when are you coming back to Kenya?’ and he said ‘Jeff, there are people in that place (Kenya) who put greed and personal interest ahead of national interest. I didn’t think Kenya would be more corrupt that Nigeria.'” Koinange narrated on air

gallivant:
Stop your racism please. Kenya is not America.

Racism is evil when it's used to discriminate, subjugate or destroy but racism too has it's pros.
The Europeans are strong but still united, in a way they would always look out for themselves first to see what benefits them, now they do it codedly so it's not obvious. That is power, that is positive racism, and it is the way of the world, it applies also to Kenya and America. Do not be fooled.

gallivant:
Sign the free trade agreement and find out. Ask Dangote why he coiled his tail in Kenya? Ask him why he is making major losses in Tanzania?

Dangote doesn't need Kenya, you guys need him more. Most of you wept bitterly on facebook when he left. Dangote was also about opening a 400million dollar plant in Zimbabwe during the Mugabe era in 2015, but he left when he observed the shady politics and visa issues there, so it's not the first time.

gallivant:
Childish arguments. Nigeria refuses to sign because we will steamroll your market with our products. Tanzania has refused to sign too.

What products do you have? lol.

Eko

Eko Atlantic Currently.

mtisTheQubit:
Then note ths then . We Kenyans accept Whites,Arabs an Indians as full Kenyans

They are full Kenyans but what about the black Kenyan race, l mean your very own people.
ln America for instance, the black American is an American but the whites dominate tech and almost everything that puts America in control today, while the blacks dominate mostly sports and entertainment, this should not be so.

rvp20182:
Yes of course like EKo City - and you don't see us berating you - but you want us to split kenyan investment by RACE and then post only those black own - however difficult it is to split modern companies by such nonsense. Grow up.

Eko City?? how?? Lebanese Nigerians are not the only ones involved in that project, so there is nothing to berate there. Mind you we accept the Lebanese as full Nigerians, but l am more interested in black power here. You still don't get my point.

mtisTheQubit:
How Chinese, Lebanese, Indians dominate Nigeria economy

Despite the security challenge the country is facing, Nigerian security agents, especially those working at the maritime and the aviation sectors, where cargo are processed, may have not really come to terms that sensitive areas of the ports, “entering and exit”, should be the exclusive preserve of Nigerian citizens, like it is done in other countries.

The shipping industry and business of cargo clearing today in Nigeria is said to be dominated by the Lebanese, Indians, Chinese and South Africans, to the extent that they enter, at will, places like Customs Processing Centre (CPC) that Nigerians cannot access even in Cotonou.



Read more at: https://www.vanguardngr.com/2015/08/how-chinese-lebanese-indians-dominate-our-economy/

And if totally true, then it is a disgrace, we are not happy about it, Nigerians should be there too.

rvp20182:
I am not racist like you and I cannot start now. I see them as Kenyan investment. I see Kenyan-Asians as kenyans. I know they are many horrible indians or whites - who are racist like you - but at end of the day - they provide services, employment and pay taxes. And they are kenyan.

You cannot hope to have foreign investment if you attitude is that. Look at China - they welcome foreign investors - learnt from them - and beat them at their game.

Yes it would be nice to have more blacks african dominate - but that will take time - we have to keep investing in education - build infrastructure - provide them with credit access - and learn from whites, asians & whoever else is succesfully - and that I think is the attitude of most right-thinking Kenya.

Nigeria you'll remain a zoo because your thinking is messed up.

Lol I'm not racist, we have lndians, Chinese and Lebanese too doing big in Nigeria.

rvp20182:
Not everything. Indians have an edge mostly in Manufacturing because in 1967 we kicked them out of retail business and out of civil service - so they went to manufacturing and made a fortune. Blacks dominate agro-processing because it's linked to farming. Black kenyan dominate services - banking, insurances, hotels, name it. Our agriculture is mostly smallholders - so that obviously black dominate. The real estate (construction industry) is also black dominated. Blacks obviously dominate transport services etc.

Generally Indians (Kenyan-Asian) will not bring in foreign investors preferring to keep things in family. Their see their business as long term investment to be inherited by great grand kids and are generally not in hurry to expand.

Black business and gov owned will not hesistate to bring foreing investors - first as a way to cash out their investment - and as a way to fight competition from South Africa and Egyptian - and British & other MNC.

You see our economy is free liberazed market economy - and you cannot survive if you are not competitive and that mean world class.

Good then boast only with those black owned Kenyan investments from now on, the ones by your people.
Not Italian this, Indian this, and so on.
I'm not against foreign investment because they benefit the people but most sectors should have competition from indigenous Kenyans too, it would show that Kenya is growing.
How long would we depend on foreigners alone to do things for us?
For instance, you are the one who told us about a rich Indian Nigerian in the Nigerian roofing business but the truth is most of us do not even know him, we are proud of him now that you have brought it up, but we are also proud that we can bring top black businesses owned by full Nigerians( not lndian or Lebanese Nigerians) who are also doing well in that sector.
We have rich Lebanese guys who are a part of building Eko Atlantic but there are so many private Nigerian bodies( banks, individuals, etc) in that project as well.
l know Indians, they are very intelligent people but we cannot allow them totally dominate in our country.
Check out South Africa's Dstv, Nigerians have been yearning for a Nigerian Tstv station as well.

Jonraid:
They are afraid of being turned into a dumping ground if they sign it.

Quick question,why do we have the balls to open up our market to everyone in a world that economies are being so protective of their own internal capacities ?

Are we more hungry to trade than our counterparts ?

Of course Nigeria would sign it, the implementation is what matters to Nigeria and how it would work, not just about putting ink to paper.

rvp20182:
We bring in strategic investors & management - we are not afraid to tap into world class talents, resources, equities and name it. That is the only way to achieve world class standards. Generally our companies and state will offer 40% to strategic partners - and keep 60% - and sometimes we can even secede top management.

I'm not against that, but l mean you should also have people learning from these world class talents who start things on their own , everything Kenyans boast about here is either by an Indian or Government owned with 50% shares, is that what you call competitive?

rvp20182:
Compete with Niger or Tanzania not Kenya.In Kenya we have StarTimes and Zuku competing with DSTv.We also have space program including Space Station owned by Italians that has launched satellite.You have Iroko we have Buni competing with South Africa Showtime.Kenya competes with South Africa..not Nigeria or that lazy neighbor TZ.

Owned by Italians, lol.
Can't you guys ever do something on your own from scratch before 50% ownership and what have you.

Nowenuse:
NairobiWalker is an irredeemable idiot who shamelessly argues for the sake of it.

genieluv showed him and other Kenyans the 3 bedroom apartment she lives in Abuja and how it costs 25k ($70) per month, they said she was lying. She showed them this picture below from an online source of a nice house in Abuja that cost 29k ($80) per month, then reasonable Kenyans like mtisTheQubit & t1ann accepted the truth, kept quiet and agreed, but the shameless NairobiWalker kept on foaming his mouth saying unreasonable things.

I mean, how helpless can the condition of a human beign be that you are shown true facts korokoro but yet you still argue and say rubbish? This was exactly the same thing he did early this year when I splattered his shameless self with online adverts of Nigerian houses and how cheap they were compared to Kenyan houses. He then shamelessly began to say that the Nigerian online house adverts were fake


Read this news report below directly from Kenya on how a man who lives in Nairobi laments on how he pays 10k shillings (35,000 naira) monthly for a one room apartment without ventilation (in those overcrowded concentration camp houses )

http://www.ghafla.com/crisis-how-housing-in-nairobi-has-become-a-nightmare-for-millions-of-city-dwellers/

People like KiberaWalker aka NairobiWalker live in slums like Kibera and have no idea how Kenya's middle class suffer poor housing.

Kenyans seriously need to fix that overpriced expensive slum riddled city they call Nairobi.

For God's sake how can someone get a decent 3 bedroom apartment in Nigerian cities for 25k naira ($69) monthly, but in Kenya one pays 35k naira ($100) monthly for a cubicle size 1 bedroom apartment without ventilation in a concentration camp house with thousands of tenants? God forbid ! Kenyans work and live to pay house rents with their salaries. Why won't millions of Kenyans live in the world's largest slums?

Cc genieluv2

l wonder why rent is expensive in Ghana, Kenya and Angola.

Ibrahimanis:
They are more competitive and innovative yet we have more local companies

Lol, the rvp20183 is always speaking of a competitive market like Kenya but l'm yet to see the competition in their market, just 57 local companies to Nigeria's 192( about 3.5 times more)with Nigeria climbing so high in just about 20 years after military rule.

NairobiWalker:
He also just showed me Nairobi City which is the most expensive city in Kenya, you didn't notice that? In terms of housing, most of your buildings are old and decrepit and badly maintained and you pay annual rents. In Nairobi, other than the slums, the buildings are in pretty good conditions and the rent is monthly. Factor that and you'll realize there isn't really a difference in cost of housing between Nairobi and Lagos.

lol so you mean those Kenyan buildings posted by Nowenuse with such outrageous prices are also in pretty good condition?? l can post loads of moderate Nigerian buildings from my city warri alone, where the middle class/ lower middle class live and which are cheaper than those Kenyan slummish structures posted a while ago by Nowenuse.
ln my area in Effurun warri, decent 3 bedroom bungalows range from #(20 to 25)k monthly.