₦airaland Forum

rvp20182:
KQ got screwed by Oil futures. I don't blame them. Shareholders put pressure on KQ management to buy oil futures. This was the time Oil was retailing at 140 dollars. I think KQ bought it at that price for like 5yrs. One tragic decision - that has led to monumental losses - and saw once one of world most profitable airline down...but not OUT.

KQ operation has never made a profit

whatever you are talking about has only hanged it into more debt

rvp20182:
You better keep your gas underground because your signed forward contracts to take N-gas. You either take the gas or pay. You signed you'll be taking X cubics of gas - whether you find your own gas or not - is irrelevants.

when N Gas supplies gas
we will take it, after all
we need more Gas.

Our current Gas demand is behemont such that we currently have 2 LNG regasification facilities working and receiving LNG from Russian Rosneft

It is sad that your government is broke such that it cant afford to bail out your power company

dont project that frustration on anyone

The Gas pipeline was built by us

We finished re-engineering it 2 years ago such that we pump gas from our Western Region to Tema



You are currently the idiot talking about what you dont know sh*it of

rvp20182:
So your Finance Minister is an idi.ot or you are THE IDIOT. This year the gas bills from Nigeria kicks in. You cannot have someone building a gas pipeline - and then you refuse to take the gas. Find something to do with that gas very fast.

Nigeria the ultimate Zoo - are going to pay 9B dollars - for a GAS project that never took place

However much Ghana tries - you cannot BEAT Zoogerians.

Imagine Zoogerians paying 9B dollars to Irish company that never landed in Nigeria. Last I heard they are scrambling for documents to appeal.

9.5 - about 10B dollars - I guess minus the legal fee.

story of our lives

This poor Kenyan whose house just got demolished in the huge slum of Kariobangi North, Nairobi today says he owns a company

rvp20182:
Of course, I get paid, I bet more than you're paid - I earn more than 150K dollars annually in my day job - one of my startup where I no longer works is making million of dollars- If I cashed out - I will not need to work ever - and this is my hobby. And my civic duty.

you are making noise

go sold your power crisis.


Currently, all gas supply for electricity in Ghana eastern enclave comes from Ghana Gas
whatever Nigeria can supply is only an augmentation.
What they supply is what they get paid for.

Anyway, poor men always worry about rich people.

There is a reason why Kenya is so dependent on aid.
Even your budget is aid-dependent

IMF and WB single largest debtor

rvp20182:
Dream on. You attempted to cancelled some of them. Trump kicked your arse - IPPS are hard to get out - 30yrs at minimum.

Now this year - you'll be paying Nigerians 850M dollars every year - for gas they will not supply - despite having you own LNG

Just think about that.

IMF has to come and bail you out.

same old noise

we are not paying for any over capacity


go solve your bankrupt power company crisis

rvp20182:
You know until sometimes this year or last year I was Pro-Ghana. I had bought your gov well-oiled propaganda LINE, HOOK and SINKER. Honestly, I always thought Ghana was very progressive - it always seems to appear amongst the progressive nations like Rwanda, Botswana. Nothing makes me happier than seeing Africa countries succeed. Nothing makes me angrier than see Africa nation regress.

Then we started looking closely at Ghana - I guess out of boredom with Zoogeria - and look what we found.

Talk about power. You IDIOTS had serious Nigeria like blackouts in 2014/2015 that sunk your country. IMF came and bailed you out.

And what was the solution for your electricity crisis - You basically signed EVERY IPP contract you saw. Take or Pay. Signed. Your signed Gas deal with Nigeria - Take or Pay. Signed.

Now we are in 2020. You're paying for more than 2,000MW excess capacity. That is about 0.5B dollars.

And this year - the EXCESS GAS deal comes in - this year - WHOOOOOOOOOOOOOOOOOOOping 850M dollars EXCESS gas.

Seriously hobbits - you'll be throwing 1.3-1.5 BILLION DOLLARS down the drain. It's like flushing money.

And this lesson for South Africa - they need to be very careful with IPPS.

Kenya we had similar ambition - to get to 5,000MW - but when we saw the demand for power tapering - we stopped!!

Please GHANA USE YOUR BRAINS. DO BASIC DEMAND PROJECTION. DONT SIGN ANYTHING

Imagine paying 1.5B dollars for like 10yrs until excess capacity meets demand. Not funny. That is Railway Line from one corner of ghana to another. That is enough to build maybe 3,000kms every year.

All this noise you are making shows how stupid

By early 2022 Ghana electricity demand will hit 4500 MW
Hence the investment, we are not dumb like you guys who are so poor such that you cant afford to invest in your future.

All Ghana take and pay contracts were renegotiated and done with last year.

You have a lot to learn

No one in your country should be served with the poor electricity that they receive
and That is for those who are lucky to have access

rvp20182:
Kenya doesn't mind lessons and best practises - there are things we surely can do with lessons. Many things we can learn from South Africa - but Eskom and SAA - seems to be sending wrong signals about your country's ANC management of public affairs.

But surely what can IMF colony teachers when they HAVE SOUTH AFRICA LIKE STRUCTURAL ELECTRICITY Issues that have sent it to IMF and they are back at it.

These are idi,ots with 5,000MW installed capacity when can only consume 2,700MW. They are paying 1 billion dollars annual excess capacity charge.

They went bankrupt because of an electricity and currency crisis.

Right now they are going rogue and terminating IPP contracts

Surely surely - the IMF colonly if you remove 1,000 MW meant for Minning Industry - have smaller per capita consumption than Kenya

They are only better than Nigeria - I mean everyone even Somalia is better than Nigeria when it comes to electricity.

Quote this RSA
With capacity that’s almost double the country’s peak demand needs, Ghana’s electricity utility has to pay independent producers about $450m every year for energy that it doesn’t need or use . This adds to the sector’s liabilities, which are the biggest debt threat to a nation that seven months ago completed its 16th bailout programme with the International Monetary Fund.

dem
shots fired

Noisyrians:
Because you have pieces of paper and rags stuffed into that thing you call head

Noisyrians:
you are a kenyan, right? how can a kenyan recognise Ghana on twitter when Billy the Goat is the most influential kenyan on twitter?

Shma:
are you really in tweeter?
Anyway that's not the case, just ask any Kenyan what k.o.T did to Nigerians.

K.O.T only recognize S.A , Nigeria and Tanzania and partly Uganda.

an undergeee indeed

he is a FB person and FB are for suckers like himself

Problemkid1:
He's not on Twitter, don't blame him

he is a FB person and FB are for suckers like himself

Problemkid1:
He's not on Twitter, don't blame him

Shma:
See the figures

Nigeria 50 Uganda 0
Nigeria 20 Ghana 0
Nigeria 10 Jamaica 0

you got it wrong boy

Ghana tweeps are executioners


on Twitter. Uganda, Kenya are irrelevant

you guys went for SA and got whipped
went for Nigeria and got whipped

you went at Uganda as a fellow undergee and you all made yourselves dirty

Shma:
don't say 'we' and Nigerians
K.O.T don't recognize Ghana on tweeter.

You can only carry out your stupidity with your neighbours
When you tried venturing Nigeria, you got an ass whopping

Ghanaian tweeps dont play

Shma:
you really fear Nigerians.
I know you can't break down what I said for your own safety.

Whereas a Nigerian proudly posted 20-0 win against you.

This is what we call desperation

dream on

the game we and Nigeria play are not for suckers like you

mtisTheQubit:
am not into ths dude...only for suckers like you..

we know
you are into picking garbage.

that is the job for starving kids in kenya

good luck with that

zombie

gallivant:
You got your @ss whooped and you are here smooching the Nigerians. How pathetic can you get?

mtisTheQubit:
Sorry dude i aint a sakawa boy...

you are a poverty boy

Shma:
I need you to break down what I said
And then counter it with your own opinion

you said nothing much but projections
hence why i replied you with dreams

dreams

Shma:
what is Nigeria tweeter ...
Nigeria whooped your asses until you disappeared into thin air.
You're weak just like Uganda, you're collaborating with Uganda to demolish Nigeria but the results is just laughable

You can as any Nigeria the people who can give them challenge.

zombie unemployed starving kid

go back to your basement

mtisTheQubit:
sakawa boy stick to ghana stuff an leave Nigeria an kenya stuff alone..

what is K O T ?

You went at Nigeria Tweet and got some ass whopping

Shma:
we have done it.
Trust me, am waiting for that day when Ghana will Temper with K.O.T bro.
Nigerian are not that weak but we demolished them mercilessly.

samorobo:
Lol..talk his cheap
..he should come back K that 15 years times and see Kenya sitting behind Ethiopia,TZ... surpassing SA is a dream that can only be induced by inhaling fermented rat poison...talk more of Nigeria

just stating facts
your ass got whipped

mtisTheQubit:
Like i said stop smooching Nigerians here ..its embarrassing for a grow up man

and you can ?

Shma:


Ugandans can't manage, they are too weak

Shma:


Ghanaians are spewing rubbish against their counterparts Nigeria.
You were fanning the fire instead of putting it off.

we were softening the field so Uganda can have a fighting chance

But they fought like undergeees

We had to ask the Nigeria to show you guys mercy both Kenya and Uganda

mtisTheQubit:
ya always itching on stuff not related..you are a Ghananian ..not Nigerian..Nigerians can speak for themselves..apparently, your country mates are siding with Uganda ..Stop smooching Nigerians here ..its embarrassing man

of course, you guys cant be Ghanaians

We are the only ones who match the Nigerians boot for boot

Kenya and Uganda will never win against Nigeria twitter

mtisTheQubit:
We are not Ghanaians nor Ugandans..We are the GOATs...We tha Killers ( not literally though )

someone with poor numeracy skills as an engineer

we are all in trouble

Kazikazi:
You believed that lie of him being a software engineer?
He have no intelligence to do engineering stuff

this is the funniest write up ever

rvp20182:
Don't sweat the GDP nominal and PPP. In my view GDP PPP is useful for internal analysis within a country - for measuring say poverty - and such things - so you avoid USD messing up local "issues". For comparing countries - then we use nominal GDP - coz international trade is done in USD anyway. Obviously you hold a contrarian view.

The rand doesn't just fluctuate for nothing - it's fluctuate because the South Africa economy is sick (fundamentals) - and investors sentiments - so folks moving their money out (capital flight) - and right now - most of that capital is moving to London and other places including even Nairobi. I don't see this changing until you fix the fundamental issues affecting South Africa economy. Credit rating agencies are following - downgrading South Africa debt - meaning Ramaphosa will soon be paying as much interest as Kenya pays for the debt (something like 6-8%).

I am not investment analyst like you - I am a software engineer - but seem I understand lot more than you do.

Eskom problem are not little maintenance - that engineers can fix. There are balance sheet issues. DEBT. Restructuring that debt - would give Eskom money to fix things in the scale they need. Otherwise all those IPPS, maintenance - are short-gap fixes - quick wins - but Eskom need to figure out how to repay 32 billion dollars of rand.

I am sure as investment analyst - you'd recommend - something - about fixing Eskom structural issues - $113 billion in liabilities - a technical insolvent company - that is your only power supplier.

dont mind the kenyan

economics is not his strong hold

jl115:
I said GDP Nominal is outdated for comparing countries for the reasons stated above hence why GDP ppp exist.... And If you don't believe an Investment Analyst from SA then maybe this will change your mind:

http://m.statisticstimes.com/economy/gdp-nominal-vs-gdp-ppp.php

"PPP basis arguably more useful when comparing differences in living standards between nations. A haircut in New York is more expensive than in Lima; the price of a taxi ride of the same distance is higher in Paris than in Tunis; and a ticket to a cricket game costs more in London than in Lahore. PPP is an exchange rate at which the currency of one country is converted into that of the second country in order to purchase the same volume of goods and services in both countries"

https://www.investopedia.com/updates/purchasing-power-parity-ppp/

https://applebutterdreams./the-difference-between-gdp-nominal-and-gdp-ppp/

"The two most common ways to measure GDP per capita are nominal and purchasing power parity (abbreviated PPP). Nominal is an attempt at an absolute measure, a sort of immovable standard that remains the same from country to country. It is the original concept of GDP. In contrast, PPP is an attempt at a relative measure, taking factors of each country into consideration in order to put a number on a person’s standard of living within that country."

- the Rand is one of the most volatile currencies in the world one day they it can depreciate by 20% then appreciate by 20% within days and we have seen this during the Zuma presidency and Ramaphosa presidency..... In the long run however the Rand is expected to appreciate against the dollar, which in turn will increase the GDP Nominal figure.... And thus Kenya will never catch up.


- South Africa will grow at 4% next year and the economy is set to contract 5.8% this year..... Not 10% as youbstated

- SA growth 2011: 3.8% 2012: 2.2%. 2013: 2.5%
2014: 1.9% 2015: 1.2% 2016: 0.4% 2017: 1.4% 2018: 0.8% 2019: - 0.6%

- the covid pandemic as actually helped Eskom as demand has dropped dramatically which has allowed its engineers to carry out critical maintenance....also as stated before Eskom is being totally restructured and IPPs are now able to sell direct to municipalities, thus will in fact help municipalities avoid load shedding entirely

- and only you are considering that Kenya will overtake Nigeria and SA....all non delusional people including your countrymen have never once mentioned that Kenya will overtake SA economically since it won't happen in our lifetime

Mark my words

They will end up like Sudan MIA

Danielnino00:
Mark my words, by 2030, Kenya will be the biggest economy in Africa and the most developed African country



According to what RVP said anyway,