₦airaland Forum

rvp20182:
As always pure nonsense no worthy of a response. Talk about stuff you know. Kshs only experience problems in 1993-1994 - never had any serious issues before.

Kshs has always been in a mess and it is evident today in how it has made your economy unproductive.
While ranking in the bottom of currencies on the continent.

rvp20182:
June 2011 - Cedis was 1 dollar to a cedis; - After you removed 5 zeros from Cedis (10,0000 cedis exchanged for 1 cedis)
As we speak 6 cedis to 1 dollar.
That is depreciation of what 600% in 10yrs!!!!!!!!!
Hyperinflation.
Ghana and Zambia are twin in macro-economics - actually in political economy.
Zim is a misnomer.

Kshs has depriciated maybe by 20% during that period. Ghana 600%

Actually at some point in 2011 Kshs was 100 to dollar - so we have zero depreciation against the dollar - the last 10yrs.

You like to type nonsensical stuffs


The Cedi has always been a strong currency and it was never pegged to the dollar.

The Cedi was exchanging at 0.90 to the dollar since the 80s, meaning it was more valuable than the dollar.
Making export from Ghana far expensive in any African country .

In the first decade of the 21st century, the decision was taken to redenominate the currency to make it easier for accounting and by then it was trading at 0.95 to a dollar.

Ghana had a negative trade deficit by then so having an exceptionally strong currency was good for consumers but bad for the economy as foreign goods was more attractive than locally produced ones that were priced out.

This scenario had to be reversed to gain a positive trade balance and make Ghana export affordable and locally produced goods price competitive. So a gradual depreciation was allowed.

Ghana now have a positive trade with the rest of the world and the cedi has remained at 5.3 and 5.7 for 8 years.

And it is still more valuable than majority of the currencies on the continent.

obaaderemi:
How did you people manage to keep the cedis so strong against the dollars @ 5 cedis to a dollar?
The word going around is that you just removed some zeros from the former deplorable situation of the cedis.

by increasing export and doing import substitution to increase our hold on force.

We already have 3 gold refineries

You guys don't come close to us in banking, so keep those noise to your fellow Kenyan.

Again, your top 10 bank would not appear in the top 15 asset management companies in Ghana because they are too small.

You are funny, if Ghana was totally dependent on minerals, it economy will be in tatters like the Kenyan economy that cannot produce jobs or make Kenyans rich.

The Cedi has always bested your country shillings and better performed than it. Hyperinflation is the reason why kenyans are so poor. That is why the shillings is in such a mess.

Sorry kiddo Ghanais not Kenya that has mortgaged it entire country to China just to build rail and expressway.
Yet your private sector cannot compete in any form to the Ghanaian private sector that is driving growth in the Ghanaian economy and regional markets.

Accra and Kumasi looks better developed than any part of your country. Your country has never surpassed Ghana in any form of development and Ghana's development is all over the country.

As for the 100 billion dollars in projects, it'll take your country a 100 years to be able to pull something similar.

Because we have better capital market, venture capital, pension fund (both private and public), better banks, and stronger asset management companies that is why our Real estate sector is so big and the number of homes that goes up in a year all around Ghana cannot be matched by Kenya, Rwanda, TZ and Uganda combined.

See this kid talking about cooperatives as if his country did not come and learn that from Ghana.you are funny because of cooperatives and other stuffs, Ghanaian farmers are far richer than Kenyan farmers.

Sorry kiddo, we will never be as despotic as kenya. Kenya can learn a thing or 2 about irrigation and maybe one day, it will become like Ghana where 90% of foodstuffs sold here comes from agriculture field in arid regions of the country.

Funny enough, Ghana is way more organized than your country and has more working brains and that is why we are a shining star on the continent and always has been.

rvp20182:
Concentrate on doing basics first - like refining gold and stopping its smuggling by Chinese gangs - before you go to complicated stuff like banking, asset management, and investment - where you're toddlers.

Again your biggest Bank would struggle to make the top 10 in Kenya. Just mere 1.5B dollars in total assets by your largest bank! Even smaller countries like Rwanda have bigger banks than the joke of your country's banking sector.

What hard work when you're totally dependant on minerals? When commodities go down - you also go down like Zambia. The Cedis and Kwacha for a long time were classic examples of hyperinflation before Zimbabwe. How many zeros did you remove during your last re-domination? 10,000 cedis for 1 cedis

You mortgage your minerals to China - for MERE 2B dollars. Previously you even mortgaged farmers' cocoa beans to China. Who does that?

Kenya easily collects nearly 2B dollars per month in taxes and other revenues because we have a very impressive (by SSA standards) private sector - that not only kick-arse locally but also regionally - with most Kenya private sector doing almost 50:50 (Kenya market 50: regional 50). We are not informal like Ghana or Nigeria.

If you were to invest 100B - your country will not look totally undeveloped - with Kumasi as the capital - that embarrassing. And so is Accra.

If you had good banks, private investment and equity funds, venture capital, pension funds, insurances, capital markets, debt market, at the level of Kenya, they would invest in real estate (almost by default at 30% for real estate, capital market 30%, and keep some cash in the banks or as treasury bills/bonds) - and your cities would look much better.

Start from basic like cooperatives - and your totally informal economy - might start to crawl out of it's morass. Learn from kenya with 7th world largest cooperative movement - and definitely the 1st in Africa.

That way you might one day become like Kenya - the largest non-mineral economy in Africa - that is 89% semi-arid.

It's all about being better organized and using your brain more.

rvp20182:
Equity Group - bought Congo second-biggest bank (will soon be the biggest bank). Equity Bank is one of the fastest-growing bank - and will overtake your Zenith or 1st bank in 3 yrs . Remember equity was not even a bank when I was in university 20 yrs ago. It was a building cooperative society.

Total assets rose to 1.02 trillion shillings from 673.7 billion shillings in 2019.

https://www.reuters.com/world/middle-east/kenyas-equity-group-says-2020-pretax-profit-drops-30-2021-03-29/

It now has overtaken KCB - who have nearly 10B - they are on 9.98 trillion Kshs.
https://www.the-star.co.ke/business/kenya/2020-11-27-new-acquisitions-set-kcb-in-race-to-sh1-trillion-asset-base/

The 3rd is the cooperative bank - run by kenya's africa largest cooperative movement - now more than 6B dollars you're talking about.

Kenya banks like Kenya co-orp do not just expand like idiots - I see from Nigeria - they make strategic profitable expansion - because again - the bank is staffed by brilliant Kenyans

Just watch both Equity and KCB overtake your banks in 3yrs tops. Once we get Ethiopia to OPEN UP HER 100M market - and to add to the Congo 80M market - - our banks will just be second to South Africa in SSA. Those two countries EQUAL Nigeria - and totally UNBANKED (like Ghana). We are circling Ethiopia - with most of our banks with representative offices - waiting for the Financial sector to open up - like Telcom has.

Then we have the Ghana mad man trying to compare Kenya with her country

why would I compare a broke kenya to Ghana?

Ghana is carrying out over 100 billion dollars in projects, it will take kenya a 100 years to be able to do something on that level.

Only a mad person like you, from kenya be here daily wishing kenya to be like Ghana with just words.
It takes hard work to get to where Ghana is.

rvp20182:
You're a sick joke I shouldn't waste my time with.

Your lies are catching up with you


So who is the sick joke here ?

come back with facts and not innuendos of illusions

You still dont get how asset management companies work. Through them and gold trading houses, Ghanaians own all sort of precious metals like Gold and silver.

Go and watch BILLIONs, you will learn how asset management companies work. Pension funds, Banks, trust funds and individuals all put their monies there.
They operate outside the banking sphere.
They are like the derivative market. Anyway, there is free education youtube and the internet.

And yet, kenya only has les than 20 asset management companies whose combine asset is less than 10 billion according to your regulator.
Tell me how those will compare to the 86 asset management companies in Ghana with combine asset above 40 billion dollars? Your country is insignificant in this field kiddo

Stop lying kiddo
Your Equity bank has just 6 billion asset.
Check below for both KCB and Equity asset.
That's miniature compare to the funds in asset management companies here.

You think Ghanaians just live better lives than kenyans out of the blue?


I've already given you Ghana total banking asset at 34 billion dollars and asset management companies have 40 billion dollars under management.

That is far above your entire bank assets of 50 billion dollars and asset management companies 10 billion dollars.

Next time, speak with facts instead of running your delusional mind in the mud. You can only do that among Kenyans.

My cities are too developed for your shanties to compare, my villages are even far developed than your shanty cities.
Your economy is still playing catch up to mine and your country's development is still on the levels of Zambia and other despotic nations playing catch up.
Keep working hard kenya.

rvp20182:
1) The money market funds will still bank the money - before they invest- they don't take cash I hope - and keep it under their safes . They have to bank it - before using it to invest - either in Ghana treasury bills or real estate or equities. Therefore it would show up in your banks. But your Banks are so miniature - they struggle to make the top 10 in kenya.

2)Definitely without even checking - Kenya is far ahead in all classes of asset management than Ghana - FAR AHEAD. Maybe Nigeria can go toe to toe - with all sort of asset management, funds, capital market, name it.

3) Equity Group and KCB group are banks that beyond KENYA - Equity has subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, and the Democratic Republic of the Congo - and are trying to enter the southern africa region of Malawi all the way down to Mozambique. The same for KCB.

Therefore Equity Bank Group total assets are now more than 10B dollars - which I bet is more than all Ghana banks combined. KCB follows closely with 9.9B dollars.
https://www.the-star.co.ke/business/kenya/2021-04-06-equity-dethrones-kcb-to-be-named-biggest-lender-in-kenya/

4) If we strictly compare banking assets in Kenya - then not even close - Ghana total bank assets are not even 20B - while Kenya last I checked was approaching 50B. Scratch that - it now at 54B dollars (5.4 trillion Kshs). Nigeria last I checked were at 100B (about 42 trillion naira). Ghana at 115B cedis.

During the week, the Central Bank of Kenya released the Quarterly Economic Report for Q4'2020, highlighting that the banking sector's total assets grew by 2.9% to Kshs 5.4 tn, from Kshs 5.3 tn recorded in Q3'2020.

And yet you'll come with fake economic statistics from your political propaganda offices that you call gov...while your cities look like shanties...the real economic data..the same.

You are really slow...
Does money grow under beds ?

People work and make money which they invest in the money market funds of asset management companies.

Your third paragraph is a funny write up because your country has less than 20 asset management companies whose assets combine are less than 10 billion dollars.


You can go and check the asset of Equity and KCB from your central bank and stop making assumptions here.
We have passed those gullible talks from you.

Equity 6 billion and KCB 4 billion together have 10 billion in asset and that is miserable.

No kenyan bank will even enter the top 15 asset management companies list in Ghana.

Funny enough, the Ghanaian Cedis performs better than your shilling year over year.
I wonder if you even know what hyper inflation is..

rvp2018:
You're a cartoon for lack of a better word.

So people take money from their mattress - straight to capital market or startups - who proceed to bank it under the mattress.

When it comes asset management companies, pensions funds, insurance companies, equity funds, venture capitals, capital market - Kenya is 2nd only to South Africa. Nigeria struggles to match Kenya - leave alone your country that is another Zambia.

You think Upper hill - Nairobi has been built by what and who?

As for Equity Bank and KCB - check your nonsense statistic again. Both KCB and Equity are definitely in top 20 of Africa big banks - I think Equity right now is 10.15 billion dollars...with KCB following closely...at about 10B dollars. Just few miles from Nigeria's UBA, Zenith and First Bank - and definitely with Congo expansion on serious upward trajectory and possible Ethiopia opening up - Equity Bank will overtake all Nigerian banks in 5yrs. Scratch that in 2-3yrs - I see their biggest Zenith is merely 17B dollars in assets.

Ghana banks - will not get into top 10 - of kenya - despite kenya having more than 40 banks.

When it come to Ghana - Zambia - and Zimbwabwe - you have SERIOUS problem of hyper-inflation hangup. You'll not get over it that easily. Most Ghanians would rather keep dollars because the know CEDIS can get so many zeros so easily....even if you keep re-dominating it - and pegging it to the dollar.

rvp20182:
Where do those asset management companies keep their money? Under the mattress. or they invest offshore? or tell us in BitCoins? You're incorrigible.

To imagine biggest bank - would struggle to get to top 10 of kenya banks? Show you cannot cook data and get away with it. That is why your cities look like shanties.

As for Equity and KCB - they are now more than 10B dollars each -

in the capital market, companies, start ups and projects.

Your biggest banks would struggle to enter the top 15 asset management companies in Ghana.


I don't know why you like to lie

Equity bank asset is at 6 billion dollars and KCB asset is below 4 billion dollars, according to your central bank.

I thought you would know what an asset management company does by now.

rvp20182:
Kenya biggest bank - want to grow user base to 100M. Equity has risen to I bet nearly top 20 in Africa - their asset now worth 10B dollars or more. By 2025 - if they get 100M - definitely will be one of biggest Africa banks. DRC is going to happen. Ethiopia maybe.

Remember Ghana's biggest bank doesn't even make to Kenya top 10!!!

The Ghana political propagandist cannot fake money in the bank vault.

https://www.bloomberg.com/news/articles/2021-05-26/kenya-s-biggest-bank-targets-seven-fold-customer-growth-by-2025

Ghanaians dont put their money in Banks

They put their money in investment house(asset management companies) or keep much of their money in running businesses.

Asset management companies here manages over 40 billion dollars in fund.
While banks manage only 30 billion.

Meanwhile, total banking asset in Kenya is just 50 billion dollars. Which includes mobile financial services while in Ghana, it doesn't.

Your Equity bank has 6 billion dollars in asset while Data Bank in Ghana, an asset management company has 6 billion dollars in asset.

No matter how you try, you won't catch up. Kiddo.

rvp2018:
We went through your official gov propaganda figures - and dissected them. Start with electricity access - which is really mean community access. You water company has about 600K customers only - that is about number of kenyans with fiber to home connections.

Maybe when you finally afford to do a proper census - we will have some up to date figures.

Otherwise it's pure propaganda based on political parties data.

when you can't beat the facts, you argue with nonsense noise.
My water company has almost 6 million customers
Anyway, Ghana Census has already begun.

olibeans:
I want to use this medium to appeal to President Mohammed Buhari to ban Twitter from Ghana.

They should close their office and leave Ghana or pressure the President of Ghana to make them leave Ghana or we sanction Ghana.

We have to make it clear that we are the giant of Africa and whatever we like is what we do here.

Make them understand that we are not Donald Trump but General Mohammed Buhari.

Thank you.

The wee you are smoking is really strong

rvp20182:
Match Ghana in exactly what - Ghana is a smaller zoo of Nigeria. Kenya is way more advanced despite having little or no minerals and being mostly semi-arid.

in all areas of development.

After several years, and you are still making excuses for why kenya is poor and undeveloped.


Not again kiddo, smoke your wee somewhere else.

I wonder what you will be comparing in a Ghana vrs Kenya

For 2000 pages in the other thread, you guys couldn't match up to Ghana in even a single area of devt

kikuyu1:
We finished the Giant yrs ago! No need of repeating redundancy: We need a specific Ghana vs Kenya thread.

So you guys are continuing here?

gallivant:
It doesn't seem so..


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


https://www.youtube.com/watch?v=Azl0PlWUK2I


https://www.youtube.com/watch?v=Lc8zMSWAUdw


https://www.youtube.com/watch?v=dMNwrHPJK9g

we are not the ones with 6 million people practicing open defecation.

Go fix Kenya.

Faecal matter is a big problem in Kenya

gallivant:
Seems more of an issue in hobbitopia..


https://www.youtube.com/watch?v=wB-xpoIKOos


https://www.youtube.com/watch?v=JsYKarjP3js


https://www.youtube.com/watch?v=P3-16iL-V_U


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

it's been conclusively dealt with


It is more of an issue in zombieland of dwarfs where you need to keep your eyes up for flying toilets in kenya.

https://www.youtube.com/watch?v=dA_4kLkc4NU


https://www.youtube.com/watch?v=h65tGO2tojQ&t=36s


https://www.youtube.com/watch?v=FKwZBL2WEfA

So many projects every where

The level of gentrification is getting ridiculous.

gallivant:

https://www.youtube.com/watch?v=YHfeB5cPOyM


https://www.youtube.com/watch?v=Lqg8I4w0ItM


https://www.youtube.com/watch?v=YNqyoXUZ-Do


https://www.youtube.com/watch?v=gAytVLAv028

6 million kenyans practice open defecation

https://www.youtube.com/watch?v=yhFxJ0KmjBE&t=190s


https://www.youtube.com/watch?v=LxB6B8z_2HU

gallivant:
This is Accra town..


https://www.youtube.com/watch?v=zmljDrfh-6M

I see a well-constructed storm drain with garbage in it.

Does Nairobi even have storm drains?

The ones I've seen all look like the reconstructed drain below and it includes nairobi river

Wuoche:
Infestation of slums?

you are yet to list even 5 in Accra

Desperate child

Meanwhile Nairobi has 8 million people living in slums out of it 10 million population.

kikuyu1:
Genius,the MVP EXHAUSTIVELY broken down YOUR sewage problem. We're silent for 2 reasons:
- we don't loop over the same ISHYT a 100x
- we REALLY DON'T like discussing FS, Fecal Sludge issues!

Cause you know that faecal sludge disposal in your country is a mess and a disgrace

[s]

Shma:
I posted a video of 2015 so as to prove to your illiteracy mentality that Kenyans started seeing things like those long time ago.

You'll never see Kenyans overhyping such mediocrity.. Build a nice house and we'll appreciate it.

[/s]

noise as usual from a Kenyan

[s]

Shma:
I'm bombarding you with facts which you can't stand. No jokes this time rn .

A normal hobbit on a grand scheme of things is seeing heaven in that video ... It's a huge miracle to ever happen in their eyes.

[/s]

it seems jokes is what you are here for

We are talking Alexa AI-controlled homes and you are here joking with your half baked house and a disintegrated system


https://www.youtube.com/watch?v=wKEm5ARkpA4

Patrioticbreed9:
yeah true! i have never been happy like this few day's darn! MAMA Africa is devoloping!

Who am i not to be happy!


Africa to the world!

we all have to pace up

Shma:
Have you seen Accra?

My brother Patrioticbreed9 is just massaging your ego but deep down he knows Accra is nothing but a village

keep being a joker

Meanwhile Nairobi is suffering from an infestation of slums.

Shma:
This hobbit is now seeing heaven on earth. .. He can't believe his eyes.

you must be a joker

Patrioticbreed9:
eh charlie mepa wo kye... re you pitying them? let's finish them jare

I don't want their ego crushed

We all want Nairobi to develop and likewise all African countries so Africa can be a better place.

Vlain:
A home powered by google not the usual wall screen light control- to them this is like science fiction

68816419:
Lol... don't push me to post videos of these areas.

have mercy please


Allow them to rant their frustrations of Nairobi

Vlain:
Never seen a home half a smart as this in Kenya- NEVER!!!

https://www.youtube.com/watch?v=HHs18o9yDUU

Kenyans have never seen smart locks before

How will their homes be smart ....

[s]

rvp20182:
More aimless rant of a lunatic living a country incredibly blessed with gold since time immoral, oil, aluminum, bauxite, rivers, and oceans - and yet their country look like a pigsty.

You cannot compare your hopeless country with Kenya that has pulled itself by it's bootstraps.

At least South Africans did something with their gold and diamond - but you have done nothing - except invite foreigners to rape your country , leave pits and poisoned water sources - and ENDEMIC poverty

[/s]

Like I said, you can't stand a factual argument.

That's is why you wake up every day to rant aimlessly on this platform while casting your frustrations of Kenya on every country on this platform.

Direct those frustrations you have of kenya to the right quarters and kenya will develope.