₦airaland Forum

Pretax profit-48 million people -1333 million US dollars (Kenya)


-170-200million people-1999 million US dollars(Nigeria)


One is a 400 billion dollar GDP the other one is a 100 billion dollar GDP!

I thought they were making billion dollar profits.Oh my goodness! What if we didn't have the rate cap?

Look at their population,they seriously should be making serious money!

rvp2018:
300M dollars -KCB made 240M dollars. Equity made 200M dollars profit.
https://businesstoday.co.ke/kcb-full-year-profit-up-sh24-billion/

You're puny pretending to be a giant. If you need to see 350B dollar economy - try South Africa or Egyptian banks.

What of this chart? ROA and profits? I thought you had more superior profits! The aggregate score? Individually you have banks that stand out but collectively not so much!

obaaderemi:
Are you mad? Look at the 2019 ranking of African banking. It's dominated by Nigeria!
Return on Investment
Return on capital
Increase in profit percent
Everything is dominated by Nigeria. Not even a single Little Indian bank in any top ten.
And these are clear charts,not the nonsense you posted:

Rice is cheaper in Tanzania!

tylann:
So are you implying Tanzania has a higher budget than kenya

theenchanter:
check egypt's budget and check Angola's budget.

Stop the unnecessary expression, $14.5b may be to them what $25b is to u.

Is this pre-tax or after tax? Prove it to me.KCB got 330 million US dollars pretax profit and 240m after tax profit!

obaaderemi:
Are you mad? This chart has been used here for many times by Nigerians and little Indians for about two years. This is the profit of Nigeria's biggest bank last financial year.
Bring the profit of your biggest bank and let me shame you.
Mind you 95bn naira is over $300million.

KCB got 240 million US dollars profit,Nigeria biggest bank got 300 million USD profit.Interesting! What can you deduce?

A nation of 150-200million people should have single banks posting billion dollar profits!

Bring me the cumulative profits of all,don't look at one or two big banks! Bring an alternative chart showing both countries cumulative bank profits!

obaaderemi:
Are you mad? This chart has been used here for many times by Nigerians and little Indians for about two years. This is the profit of Nigeria's biggest bank last financial year.
Bring the profit of your biggest bank and let me shame you.
Mind you 95bn naira is over $300million.

Tanzania have a budget of about 14.5 billion US dollars!

Evidence?

obaaderemi:
Kenya to use a third of budget to pay debts.

The stats that matter! Look at your profits with your 180-200 million people!


Look at the ROA(Return on Investments)

obaaderemi:
Despite fall in oil prices and a "cooked economy" as one bitter angry frustrated soul keeps bleating:

Access Bank Nigeria is the biggest bank in Africa by customer base.

It's assets alone in dollar terms is bigger than Kenya's four biggest banks put together. (cooked economy)

Heck,even Zenith Bank Nigeria assets is bigger than Kenya's first three banks put together.

Since they purport to be the largest economy in Africa(GDP Wise).They just have to provide data to back up their claims which is not easy.Nigeria is not attractive to Nigerians,they would rather face xenophobia in Mzansi streets than stay in their country! To me that doesn't look like the number one economy in Africa.Them beating SA for the top spot was a big lie! Some Nigerians were not even buying it!

rvp2018:
I have worked for and with UN for many years. The same with IMF and WB. They don't produce any data. They collate data. Basically the source of this information can only be Ministry of Agriculture of Nigeria or Crop Boards like you have in Kenya. A kenya minister of agricluture cannot quote FAO or IndexiMulli. It's the data he needs to know - and the methodology ought to be out there.

Equity was recognised for its investments in the community while KCB was named most innovative lender

KCB Group and Equity Group were feted at the 2019 edition of the African Banker Awards.

KCB was named the most innovative bank and also emerged as the top lender in East African region.

Organisers of the awards, IC Publications (producers of the African Banker magazine), said KCB was awarded because it “has demonstrated original and practical uses of technology to provide customer convenience, improved and more affordable services, and greater access to the financial services industry in Africa."

KCB's recent innovations include its partnership with Safaricom to launch the mobile-based daily revolving credit service dubbed Fuliza.


Equity was awarded for its investments in the community, with the country’s second-largest bank funding the education of thousands of needy learners in secondary school.



The lender has expanded its education programme to take scores of high school graduates to some of the most prestigious universities in North America and Europe.

"The award is aimed at companies that go beyond the philanthropic use of funds to use their overall knowledge, resources and reputation to improve the lives of the less advantaged in society," the organisers said.

Winners of the awards were announced on Tuesday night in Malabo, Equatorial Guinea on the fringes of the African Development Bank (AfDB) annual meeting.

Afreximbank was named Bank of the Year while Trade and Development Bank's President Admassu Tadesse was crowned African Banker of the Year.



South African banks dominated the investment banking and deals of the year categories. Absa won Investment Bank of the Year. Standard Bank and RMB won the equity deal of the year with the VIVO Energy

''This Index and the accompanying reports are not based on Mastercard volumes or transactional data.''

obaaderemi:
Another crazy data from MasterCard.

https://mediacraft.ng/big-cities-big-business-lagos-leads-sub-saharan-africa-in-mastercards-2018-global-destination-cities-index/

That part! Would have understood if he quoted FAO

rvp2018:
Multiplying Q*P is no effort. Trusting the source of the figures is where your minister of agriculture collapsed. Last when he was asked about rice production figures that didn't make sense - he quoted indeximulli.

I mean let look at rice for example. You're still biggest world importer of rice - and yet you claim to produce what 7-8M metric tonnes of rice.

The questions is when you entire agriculture is informal - how do you come up with production data - if not guesstimate and cooking.

In fact once we unravel where you get your agricluture data - we will have unravel the cooked nigeria GDP.

You are so stupid! It's a pitty!

Kazikazi:
So we can sum up by saying that is a cow dung economy?

GDP is the summation of all the goods and services produced within a country-that's the explanation they gave me in my ''Economic Geography'' class

So he shouldn't wonder that a heap of cow dung is fit in this conversation

kikuyu1:
Yes,nigga! An integral part of planting preparation about which you know nothing. How many tonnes are bought daily from Masaailand?

Beat me to it while I was typing!

rvp2018:
Likoni channel leads to Kilindini harbour. That would be dumb move. There is proposal to have cable cars over there.....and we will build another bridge over Nyali.

We are build 250M dollars road to South Coast(Likoni) including 680M & 2KM bridge.

https://www.constructionkenya.com/5372/dongo-kundu-bypass-project/

The 8.96-kilometre dual carriageway project, expected to cost Sh25 billion, will involve construction of an interchange at the Likoni-Lunga Lunga highway and installation of two bridges: one at Mwache – spanning 680 metres, and a second one at Mteza straddling more than two kilometres.

https://i0.wp.com/www.constructionkenya.com/wp-content/uploads/2018/06/Dongo-Kundu-bypass-map.png?w=488&ssl=1

What about the ships that access the Kilindini habour? How will they pass with a bridge under? Even a bascule bridge construction won't make any sense due to the high ship traffic at the Likoni channel

We are constructing a bypass to Likoni and a cable car so as to consolidate the efforts that ferries make in easing the transportation of both persons and goods via the Likoni channel!

Kazikazi:
Start in Mombasa.likoni

The money is there,the biggest problem we have is the inequitable distribution of it.From the janitor to the president,everyperson should be paid fairly! Economic growth should also translate to decent wages all over.The president should know that Kenyans want money in their pockets,he needs to stimulate this economy.More and more corruption leads to scarcity of money in the villages!

It's nice seing the biggest government employees in terms of numbers(teachers) being given a 4.7 billion US dollars budget in the sector that employs them!In both the public and private formal sectors,the salaries are decent.We need to do something to uplift our informal sector! Imagine the monies if we formally sold about 60-70% of our milk production? There is so much improvement we can do in each and every sector.We just need the political goodwill and boom we are on to prosperity!

rvp2018:
Private and Public sectors are starting to match the likes of South Africa, Botswana and Namibia in formal sector. Things are looking up.

https://www.businessdailyafrica.com/markets/marketnews/Bank-salaries-hit-Sh25-9bn-in-3-months/3815534-5154944-yqdqaoz/index.html

250 Million US dollars plus as the cumulative bank salaries in 3 months!

That a potentially 1 billion US dollars paid to bank stufff annually as salaries!

It is more than a business actually,the existence of Kq itself is a big bonus for us.I know you won't get it!

Kazikazi:
Kq is just a name.In business sense,Kq is a failed project

''But but but you are making losses''

Two more destinations pal,Rome and Geneva! The bitterness from Tanzanians is real!

Kazikazi:
You still talk about that loss making scheme?
Your white man have tendered his resignation letter.on December he stops.Find another white man to help that doomed project

They are slowly learning the trade from their Nigerian acquaintances!

mtisTheQubit:
A Tanzanian man, Hussein Masoud Eid, was on Wednesday sentenced to 30 years in jail and fined Ksh90 million by a Mombasa court.

It's not your money still,if Tony wants he could wish not to support Kenyans, right? No one has forced him at gunpoint,he can spend his money the way he wants to.Leave him out of this!

samorobo:
Yes and he is a nigerian. Be thankful that I am too tired to write much but I will try summarizing it by saying what has your country or its rich men done for africa?
We believe it's our duty to help any african country in need and that why we sleep with the problems of the continent on our back.these giant has saved Africa from the deadly ebola virus and has help so many african countries financially , materially and even military. You guys are becoming a dead weight and we might not fund your rude ungrateful asses this year

I'm patiently waiting for Naijas agricultural breakdown!

rvp2018:
Obaboon - you exceeded our expectations and you actually got to 14B - about 10B dollars less. Congratulations. You were doing great - (like we had minor disagreement on milk/tea bla 2018 quantities and prices) - but you did a somersault on 'Other Crops' for 2016 - and put a figure - you forget to do the same for 'Other livestock' - considering you only focuses on raw informal milk & meat -- But you tried - when I get time I will help you with my figures - and KNBS figures --- hopefully you'll learn something.

And then you'll take us through the Nigeria most kept secret - It's six world largest agriclutural sector - worth 80-100B.

It's not your money its Tony's!

samorobo:
Tylann come and chain your dogs .we don't want to help you anymore , pls is it by force.

[b]We fund your startup [/b]and now your resort to begging like the beggars you have been destined to be for eternity.
So simply because we repudiated your request you now want to kill us. Stupid changaa thIves. Go and keep begging the whites we are tired of helping you

If you get us angry we might not find your startup this year

Our hopes are not that high. So don't think we will get much hurt if we are thrown out early.

Problemkid1:
Group stage is where you guys will stop

I will! It's not like Kenya hasn't lost sports games before!

Kazikazi:
But do u know the consequences of u loosing that game?
It means u won't be able to open ur mouth again and talk about sport.

Football is unpredictable.You can come out at us if you beat us! It's allowed!

Kazikazi:
Am waiting for a scoreboard! Once it falls in our favor, all kibera sport talk will end

I don't know,we like to bottle up sometimes.Fingers crossed!

tylann:
Ready to thrash tanzania

At the camp-Quotes,outings,coaching staff and goalie training!