rvp20182:
You took 4 years to construct 200Km railway. You were constructing 50Km of track per year. One minute you claim kenya economy is puny consisting of tea & flowers - the next you claim we have oil, gold and name it. Yes we have probably all minerals but in very minute quantities they are as good as non-existent. We have not sold single oil barrel.

Double track. Don't forget that. 186km of double track.

Show me where I said you only have tea and flowers!

I don't care about quantities, you have you have.
So stop claiming you don't have natural resources.

rvp2018:
Kenya began 2018 with maiden cargo train and two passenger train on its greenfield SGR..we kept adding a train every month and as of now..we ran 30 cargo trains and 4 passenger trains daily.Ethiopia who began two years early are still on 2 or 1 train.Kenya by end of 2019 will transport 8m cargo thro sgr..25% of all cargo...and 5yrs earlier than projected.Lets not talk about Nigeria sgr...still under construction 10yrs later and whatever is operational can barely do a trip.Kenya SGR from MSA to NBO was constructed in record 3yrs..2yrs ahead of schedule...and is already 5yrs ahead of projection in the cargo its handling.Nigeria took 6yrs to construct Abuja kaduna...mere 200km..took another 2yrs to start operation and 2yrs later it has carried 900k passenger.Kenya SGR in one & half year had carried 2m passengers...6m tonnes of cargo in a year. KENYA CAN NEVER BE COMPARED TO NIGERIA OR WORSE THE LAZY NEIGHBOUR TANZANIA.Yes we dont have oil or gold or diamond but we make our tea & flowers count by using our brains & muscles...human capital is the greatest resource.Ethiopia already asked for 20yr extension to repay sgr..we are asking for more loans.

Although it was initiated 2006/2007, Construction started 2011-2014 so it took four years to construct Abuja kaduna line which is double track btw not single track like your overpriced line.

Kenya has oil, it also has gold, stop lying.

rvp2018:
kenya unlike Tz and Nigeria has never and will not have debt problem.We have never defaulted or ask for debt forgiviness.Our debt to gdp has always been around 30-60% of our gdp.Our sgr has attained 5yr projections in just 1yr.We are running 4 passenger trains daily.We are running about 14 cargo trains daily.This is in just one year.Chinese have agreed to finance the remaining part of SGR coz kenya is not a banana republic.

Tell me about Nigeria's debt problem

obaaderemi:
They are in the same boat? Even Ghana with a population of just 28m? That's disgraceful.

Complete three years program for Ghana.

They should be out by now though. It's now left for them to start borrowing again.

After all IMF is still waiting!

Kazikazi:
But friend, it looks like you take it too lightly!

Do you know they owe China?I don't think it will be easier to just "jump" or "bark".

We are talking about their last hope being taken away...a Mombasa port.

Take away Mombasa port and poof, Kenya is gone. Maybe they will start using Tanzania's port. For a fee of course.

tylann:

You said Kenyan local banks can't lend the govt money

I said Kenyan Banks can't lend "that" amount of money to the government.

Check the total assets of your banks and check the amount of your debt, you will understand.

Kazikazi:
But that is foolish!

Remember all debts goes with exorbitant interests! So in real sense they are getting deeper n deeper into unpayable debts.

An African Greece in ourdoorpost

Exactly! Deeper and deeper. Maybe you guys should bail them out.

obaaderemi:
The growth you see in the Kenyan economy is a bubble aided by loans. Loans Kenya can't repay because the country's economy is based on tea and flowers.Loans to GDP for Kenya is over 50%.Loan portfolio is growing at a rate faster than the economy. Sane people can't take Kenya seriously. The economy is damn too small at $60bn. How can such a small impoverished country own $50bn? Not only the port is at risk,other valuable assets are at risk as well. Every year,they make huge budgets, a third of which is usually stolen. In a couple of years' time, the bubble will burst and the Kenyans will see how dangerous and foolish it is to build an economy on loans and flowers and tea alone.

Don't worry, when the bubble bursts, they will place themselves under IMF supervision just like Ghana (talk about birds of the same feathers).

What it basically means is that when IMF says "jump" they will ask how high. If IMF says "bark" they will ask how loud.

Kazikazi:
My bro, explain to me here...
What is this thing Kenyans are doing? Taking a loan to repay the old loan? What kind of ecomics is this??

Hohohohoho...

The old debt is expiring and there is no money to pay, so they borrow again to pay for the old debt while the duration of the new one starts to rundown

tylann:

i will repeat again don't talk things you are not familiar with
If you don't i can break things down for you
Local banks own the largest of share Kenyan govt debt

Fine! Break it down for me. Show me how Kenyan Banks owns the lion share of your debts.

tylann:

That is why i will repeat again don't talk things you are not familiar with
The Kenyan govt is heavily indebted to kenya local banks

Yes Kenyan government is heavily indebted to local banks, but it's foreign debt is more than its local debt. fact.

I swear I have never heard of women team in a certain country.

Come to think of it, do they even have a men team?

tylann:


Kenya is heavily indebted to local banks

Sorry to burst your bubble but your banks do not have the capacity to lend Kenya that amount of money.

Your foreign debt is more than your local debt. Fact.

obaaderemi:
Yet some madt people would claim Nigeria's GDP is crooked.

I have long stopped taking them seriously since they measure everything per capita!

Funny set of people.

Mind you all these above are in LFTZ

Longrich bio science company (they deal in cosmetics)

Construction started on May 2018

Candel Agro-chemical plant

Lagos FTZ

Land was also reclaimed for this project.

Dangote refinery. It is not actually the largest refinery in the world but The largest single train refinery in the world.

Fertilizer Plant, part of Dangote refinery complex.
Will start production this year!

theenchanter:
to me, d most important is d 4000mw ipp project. Lagos should just leave naija's power alone.

After that, the free trade zone is next, it'll attract investors n manufacturers which in turn generate revenue.

The rest are just microcisms for development.

Dangote refinery is going to deliver 12000mw of electricity. Think about that!

Danielnino00:
Ibrahimanis, how do you reckon Lagos economy will be like when the following projects are completed and fully functioning?

1) Lagos light rail

2) Eko Atlantic

3) Dangote refinery

4) Lekki deep seaport

5) Oshodi transport renovation

6) Orange island,Lekki free trade zone


etc etc

Currently j'borg is biggest city on the continent by GDP, Lagos is projected to overtake it before 2030

Among the projects listed, the one which will have tremendous and dramatic effect on Lagos is not eko Atlantic (surprisingly) but Lekki FTZ, Dangote refinery, Lekki deep seaport and the light rail. (not necessarily in that order).

Heck, dangote refinery alone is capable of transforming any city on the continent, even J'borg. (which is no easy feat). That thing is freaking huge. Then imagine the refinery working in tandem with the other projects. Talk about wet dream

I don't really understand how transport interchanges work, maybe you can help on that.

I have some pictures on the projects, will post letter, gotta run.

mtisTheQubit:
Naijas its not only you alone ..its just business( Deporting Chinese )

So deporting Chinese is now an achievement in Kenya. Wow, Just wow.
When you thought you have seen it all.

darfay:



Per capita nko

In a robotic voice "sorry, invalid command. Data on Kenya non existent, so per capita calculation not possible. Try that of South Africa, Ethiopia, Egypt or Algeria"

forgiveness:


Dem wan steal am. Who dash Kenya regional power? Even Ethiopia is ahead of Kenya in there region.

Hahahaha! Na only dem sabi cooked and uncooked data.

Even though Kenyans might not want to believe, I've heard/read many times that Kenya is just filling a "void" until Ethiopia comes of age. Ethiopia is the real regional power in East Africa. It just have to get it's sh*t right.

forgiveness:


Where is Kenya the giant of Kenya?

Now that you mentioned it. You mean Kenya is not the list! I thought they were right behind us. Cooked, must be a cooked data.

Not called the Giant of Africa for nothing

Nigeria's growth to boost West Africa.

Someone will now come and be shouting
"Ghana, Ghana, Ghana Ghana Ghana"


https://www.vanguardngr.com/2019/01/nigerias-2-1-economic-growth-to-spur-w-africas-2019-forecast/

jaycent:
See how Lagos looks like Paris not those 10pct of Accra and Nairobi this Kenyans and Ghanaians are posting

In four years time, Lagos will be like Dubai, while they want to catch up to J'borg in 22years

Accra might be like Lagos as it is today in 10yrs time if the current trend continues

Lagos Lagos Lagos Lagos I could have sworn someone compared a certain city to "this". Surely not, must be just an irritating dream

Lagos

Lagos