₦airaland Forum

How will they aim for South Africa level when their export has been at 5 billion for the past 6 years ?

Danielnino00:
That guy is just so stupid.. ..Kenya doesn't produce jack shit...it's all tea,flower and coffee..

And the best parts of their Nairobi is just the CBD areas ..

Lagos economy being bigger than Kenya is no hoax.. Lagos mainland has a lot of industrial estates scattered all over, e.g Dopemu,Isolo,Ileshamaje,Amuwo Odofin,Oregun,etc not to mention the big markets and the ICT hubs at Yaba.. The island houses a lot of companies and banks HQ not to mention the numerous real estates scattered over there... When you add the suburbs of Epe,Ikorodu,Badagry and Ibeju Lekki where agriculture is a thing,then you are looking at the 5th biggest economy in Africa

That RVP fool says Kenya is aiming for South Africa level.... They should catch up with Lagos first.

The Ugandans are as stupid as the Kenyans

I wonder what came into their head

We felt sorry for the Ugandans so we wanted to soften the grounds for them a bit

Danielnino00:
The Ugandans made a big mistake . .

Meanwhile, Ghana has joined the battle..

Nigeria just can't have a Twitter beef with other countries without Ghana joining in

rvp20182:
Kenya economy is well diversified. We sell our tea to pakistani and arabs. Not europeans - that is one example.

Story of our life

Kazikazi:
Kenya is starving,everyone knows that.
Son,how is American food aid doing in kibera republic?

dreams all the way

i will let you know when your government can afford to build a concrete road

mtisTheQubit:
@Vaxx ..Nairobi

rvp20182:
And CA - becomes what? Hobbit THINK.

CA is the supervisory authority of the Telecommunication aspect

zombie

rvp20182:
Yes - but CBK regulates - very little - compared to what they do to banking transactions. They are not a bank.

the MFS license is why CBK have all transaction data on the service and became a supervisory authority on the service

rvp20182:
So Telcos - MTN Ghana - has a banking license?

they have a mobile financial service license and likewise Safaricom

rvp20182:
That is Ghana regulatory regime. Kenya is different. And mobile money is so matured and advanced it all over.

that is Kenya regulatory regime as well

Safaricom was granted mobile financial service license by CBK

dumb dumb go and learn

Hence their financial services are regulated by CBK

Telcos have received licenses to carry out mobile financial services
Hence their banking status.

Chinese buy their gold from small scale miners.

rvp20182:
Just like the Chinese gangs also make money from your gold. And IMF runs your country. Telcos are not banks. But who knows how hobbits does their regulation.

If Telcos pay interest - then they have to invest your deposit - leading to a mess.

In kenya - all the M-pesa interest - are put in an escrow account - and donated - to build stuff like M-pesa academy.

let me tell you something you dont know

Mobile money is a payment system which passes through the central bank payment tracking system
All transactions go through them. The telcos have receive licenses to carry out mobile financial services

so all data are accounted for by CBK

rvp20182:
Nope. Read here. One Kenya bank - Equity Bank - bought a telcom license - where they do mobile money - and they are do a lot of transactions - but CA doesn't count - because they don't regulate banks.

Central Bank of kenya has no where of knowing what goes on in a TELCOM company. They have no data.

The Communications Authority of Kenya (CA) has dropped Equitel from the list of mobile money services it regulates, declaring it a banking product.

In the latest quarterly report, Equitel was excluded from the telecommunications sector performance data in what resulted in a decrease in the number of mobile money subscriptions.

“The Authority in the July-September 2019 statistics has revised its data on mobile money services, with the exclusion of data on Equitel Money, which is a mobile banking service as opposed to a mobile wallet service offered by telecommunications service providers,” CA said in the report.
https://www.businessdailyafrica.com/corporate/companies/CA-removes-Equitel-from-mobile-money-category/4003102-5436860-6g3977z/index.html

rvp20182:
But Ecobank is making money off you slowpoke. Bank of Ghana should MOMO their t-bill like Kenya has done - giving Ghanian the first chance to own Tbill without intermediary making money off them. All you need to do is COPY-PASTE. We are the leader..

The primary market is where securities are created, while the secondary market is where those securities are traded by investors

EcoBank is a beneficiary just like all intermediaries which include Telcos that sell Government Tbills

You think the telcos are not making money, serving as intermediaries ?

Dumb dumb

Here, Telcos pay us interest on our mobile money transactions as held in accounts

Kenyans are really dumb

vaxx:
what an idiot. Eco bank or any mobile network are just intermediaries. once you buy thru them , you are directly buying from government. government those not have open market where bills are sell . what they used are institutions.

rvp20182:
It's 1.7 trillion - that is nearly 16.8 or something close billion dollars. And this excludes mobile money transaction by banks. That is Central Bank of Kenya remit. Central Bank of Kenya do not get telecom data. Different regulator.

CBK record banking data which mobile money is classified as banking service

all data are with them

total 4 quarter transaction is 38.5 billion

argue with your central bank

rvp20182:
MOMO - strictly Mobile Payment in Kenya - 17B dollars a Quarter. P2P alone is 6B dollars per Quarter.
Millions of transactions were also performed over the period that was valued at Ksh 1.7 trillion. The CA says that person to person transfers were valued at Ksh 650.0 billion.

too much noise

all transaction on the mobile money platform adds up to 38 billion dollars per annum in 2019

now go back and make more money to carry out more valuable transactions

rvp20182:
I told in 1Q we are doing nearly 20B. Check one such report here - https://ca.go.ke/document/sector-statistics-report-q1-2019-2020/

so 1.06 trillion kshs is 10 billion dollars

That is what you did in 1st quarter

that is 57 billion dollars of transactions right before your eyes

your small noise making country did just 38.5 billion dollars

kwep making noise

mtisTheQubit:
lets look at ths coz you loved ...say we analyse it

rvp20182:
What is unified. Kenya has mobile money by telcoms, Banks themselves also have mobile payment system - pesalink - so you can send money to any bank account from your account through mobile money.

Ghana you have a long way to learn...but gladly we are trailblazing.

all payment systems in Ghana can moved money to anywhere because of this unification

Mobile money to Bank and bank to mobile money started 7 years ago here

rvp20182:
Tbill - I checked. look like a secondary market kinda thing with EcoBank. Kenya CBK actually offers Mobile Money Tbills. Get the difference. Kenya is SO FAR AHEAD - and you're so BEHIND. To use Ghanian English..You're lagging - LACKING BEHIND.

get to do 57 billion dollars of Mobile money transaction and we will be at 100 billion dollars

So, your economy will keep playing catch up

rvp20182:
Late - while we are TRAILBLAZING!!!!!!!

whatever you do, you will still be behind us at this point

Ghana has unified it payment systems

mtisTheQubit:
how is data exposing me..ya the one adding stuff here...i told you to look at the last column weasel..

it shows that your country makes too much noise by just doing 38 billion dollars Momo transaction

rvp20182:
Mobile Money in Kenya is tracked by CA - Communication Authority - because it's under telecommunications.

Mobile Money offered by Banks - for example, Equity - have their own telecom - Equitel - are tracked by Central Bank. All kenyan banks have mobile money channels - that get tracked by Central Bank of Kenya.

All banking information is held by CBK
stop lying

CA only deal with telcom data hence why you wont see CA with mobile money data

rvp20182:
You have a long way - to get to Kenya - Kenya mobile money - has stuff like deposit, lending, name it - it;'s a full-blown banking and financial system. Lending alone crosses 3 billion dollars.
http://www.xinhuanet.com/english/2019-06/29/c_138185263.htm

there are several mobile money lending platforms in Ghana already
you are late

mtisTheQubit:
you hobbits just guess things...guesswork..nothing ..now explain ths

see dumbness
as you're exposed by that data

now you are throwing tantrums because the total transaction is way above your head

mtisTheQubit:
@just30 ..the totals as per 2019 are in the last column..how slow can start adding stuff..is ths how they told you in school

keep dreAMING

Even though transaction volumes increased, the value of these transactions dipped by 8% from GH¢240 billion in 2018 to GH¢220 billion to 2019.

mtisTheQubit:
Again your level of education ...

so based on ths tens of million of users were registering every month

The total number of subscribers is recorded for each month

use your brain next time

That is the value of E-switch transaction
E-switch is a payment system runner by bank of Ghana
i know reading is a problem for you

mtisTheQubit:
From your link

“The value of the transactions for 2019 was GH ¢781.6 million, compared to GH¢212.8 million in 2018, and the volume of transaction shot up massively from 2.2 million in 2018 to 9.4 million last year.”

thats like 134.76 million dollars

Again do you know how to read data

rvp20182:
Kenya in 1 quarter does like 2.0 trillion Kshs- 20B dollars. Kenya mobile money market is way too mature for Ghanian small baby. The small baby is still at P2p - and just about started with C2B.

now you are manufacturing figures

Central Bank of Kenya (CBK) data shows that mobile money transactions stood at Sh3.98 trillion ($38.5 billion) last year



keep dreaming

mtisTheQubit:
the problem with is that ya not educated well..ya just guessing stuff

data has exposed you and you are back to throwing tantrums



crazy kenyan

mtisTheQubit:
do you know how to read data ..just asking

dont ashame yourself man

see another dumb dumb

help yourself out

https://www.pulse.com.gh/bi/finance/how-mobile-money-is-taking-over-the-finance-sector-in-ghana-records-massive-growth-in/lt31p7z

then Uganda should be his best bet

vaxx:
That is kabush as my little kid brother will say, he is poorly educated. Uganda education isn't that bad cus moving to S.A. is a serious money matter. .

His parent couldnt send him to SA for a better education hence his poor Kenyan standard

vaxx:
samorobo I think already questioned his numeracy skills. .