₦airaland Forum

gallivant:
When given the chance you posted South African companies. It's a shame.

which one of them was South African?

mtisTheQubit:
Lemme guess you think UN is imf hobbit...

dumb dumb

since when did UN become IMF

zombie

mtisTheQubit:
how much do you get from that export..you don't add value to anything ya exporting..thus why ya a colony..

our export is 18 billion dollars

mtisTheQubit:
All those organizations are based here..they spend hard cash here...we dont need to borrow

Because you are largely poor so they have to keep a constant presence while they spend hard cash in Tanzania to feed you


zombie

dont waste your device memory on a country that waste 10 million dollars loan on airtime and breakfast

Noisyrians:
fvck you can we talk about impoverished kenya? how many companies do yo have? but why are kenyans so poor, hungry and stvpid?

[s][/s]

take out Gold Cocoa and Oil and Ghana export will still be larger than that of Kenya

so you are still not a mate to Ghana

mtisTheQubit:
all of them apart from the tiny ones...
Anyway read ths..

Whilst Ghana was the first colonised country to achieve independence in 1957, over 60 years on, the country’s economy remains dependent on the export of just three primary commodities – gold, cocoa and now oil, which together make up over 80% of Ghana’s exports.

This dependence on commodities was the central factor underlying a debt crisis which was common to much of the global South in the 1980s and 1990s. Global commodity prices fell at the start of the 1980s, rapidly increasing the size of foreign debt payments which could only be paid out of foreign earnings such as exports. As commodity producers across the world expanded production in order to pay debts, on the advice of the IMF and World Bank, commodity prices stayed low for over 20 years.

did you sell your sovereignty to China for 3 billion or not?



are Indians not the largest tea farm owners in your country whom you work for?

is IMF and WB not your largest debt hold ?

poor country

mtisTheQubit:
an now the desperation starts..now it will be all about Indians,whites an Chinese..just give up hobbit

mtisTheQubit:
nah you dont have companies bro..ya just claim foreign companies..

which one is a foreign company ?

mtisTheQubit:
It sounds like ya jealous of Kenya getting money from peeps..the other day Trump authorized something for us...now kill ya self..

your country is so desperate in need of money such that your president went to beg Trump for his small pocket money because IMF is skeptical about giving Kenya any more money.

You are in a debt crisis and your budget is heavily reliant on IMF and WB money
That is really F up.

Now you covid fund too is heavily reliant on UNDP UNICEF WFP and DANIDA donations

poor country

mtisTheQubit:
First the photo is an embarrassment for the little colony if you know how to analyze data..anyway you the laughing stock of africa.when will slavery end in WA

have you return from picking tea on the Indian farm?

that is real slavery

gallivant:
We are not going to discuss your IMF lords. Stick to indigenous and foreign companies.

let me know when you finish paying your 30 billion IMF and WB loans

gallivant:
Kenyans and the government of Kenya own 60% giving them ownership. There many other indigenous Kenyan companies that Ghana couldn't muster so let me know if you want to go down that road.

the largest shareholder is Vodafone
individual shareholders vote alongside Vodafone hence how Vodafone added Mpesa to Safaricom business.

Safaricom is the only large company in Kenya, Ghana has so many of them.

true slavery is when you get up to go and Beg WFP for food
and WB for stationery money,

Your entire budget is dependent on AID and grants

mtisTheQubit:
everything you guys post is about imf..other african countries grew out of slavery man..its a pity for the colony..

mtisTheQubit:
Sorry we are not the colony...worry about colony matters an please stop claiming other countries companies..am scared you might claim Safaricom next

argue with this

The largest debtor to IMF and WB

which other country company was claimed?

speak with facts and not conjectures

Shma:
by who?
If it was a Kenyan, well and good.
Am just from safaricom website,.

a pic of the company shareholding was posted here

mtisTheQubit:
ths for imf boy or girl scouts..

Worry about your debt crisis currently unfolding

Chinese, UK, India extension

Shma:
Vodafone holds less than 40%
You need to get your facts right.
Yes our government is owning 30%
Other local shares fill the gap.

those facts were posted here yesterday

so why dont you refer to them and help yourself out

keep making noise

IMF WB debtor

your country has decided to, the 600million dollars breathing space given it by the two will be used to throw parties instead of investing it in your terrible health infrastructure

mtisTheQubit:
sorry broh just re-read what i have posted...the imf set you up...stop with long story boss

Shma:
safaricom is a Kenyan company owned partly by Vodafone, 30% if am not wrong.
The company is now under our government.

your government owns 30% whiles Vodafone holds 40% making it a majority share holder.

the difference between your country and mine is that

Your country is in a debt trap that is pushing it to borrow even more and now all it creditors are afraid to loan it money while Ghana is an economic beacon to become a full middle-income country in 5 years.

mtisTheQubit:
Its a good read if you have time..

did you ask of indigenous companies?

is Safaricom an indigenous company?

Isnt Vodafone the largest shareholder of Safaricom?

Likewise AngloGold is the largest shareholder of AngolGold Ashanti

dumb dumb

gallivant:
It was about indigenous companies. You had something to say about Safaricom and invited the beating. Next time be a lil wiser.

jl115:
MTN Ghana and MTN are 2 different companies..... MTN owns the majority share in MTN Ghana...... Ghanaians don't own shares in MTN.

same way AngloGold and Ashanti GoldFields are two different companies who merged to become a behemont corporation.

jl115:
and? How does paying tax make it a Ghanaian company..... All companies foreign or local must pay tax in the countries they operate in.

Does it operate in Ghana or not ?

The government of Ghana has an arrangement with them where by Ghana government owns a portion of the Company in order for them to open a new mine.
2. Ashanti Goldfields has been in operation since 1880 before merging with AngloGold
Is AngloGold South African?

This is the merger document, you can read
https://www.sec.gov/Archives/edgar/data/1008136/000120561304000045/merger.htm

It is registered as a merged company

Company profile on Ghana stock exchange

Incorporated on May 29,1944 in South Africa as Vaal Reefs Exploration and Mining Company Limited.The Company changed its name to Anglogold Limited on march 30, 1988 After a consolidation. On April 26, 2004,the Company merged with Ashanti Goldfields Company Limited to form AngloGold Ashanti Limited.

nothing like external

it has been operating since 1880

jl115:
it's an external company operating in Ghana.

Austine1213:
Lol my bad

What are you talking about?

What's your take of pic of port alfred

we were talking about registered companies in Ghana and Kenya that earn a billion dollars and over

port alfred is a nice town

Austine1213:
Its a south african company listed in ghana stock exchange

Just like BMW is German despite BMW SA being listed in JSE

BMW SA is part of the business environment of SA hence it is a South African company by establishment `
It activity forms part of the SA GDP and not Germany.

Mind you, we are not talking about ownership

they are South African owned businesses

KLEINBASS:
Am not following the topic, but isn't Shoprite and multichoice South African?

The Ghanaian government charge a 50% windfall tax on all mining firms earnings before share holders get to earn

vaxx:
The guy needs a lot of education. so very bad . South Africa business in Ghana are not wholly owned subsidiary. of their parent company . their stocks are partially owned by Ghanaian too.

this is what proper planning looks like

kabe1:
Lagos State, Nigeria

jl115:
I couldn't care less what companies are Kenyan or not, I simply saw you claiming SAn companies as Ghanaian.

if it operates in Ghana, its a Ghanaian based comp

that gives 50% of their earnings to the Ghanaian government

jl115:
he asked which Ghanaian companies make a billion dollars

and give an example of a company not Kenyan
by your definition

jl115:
you said MTN, Anglo gold and goldfields are Ghanaian companies.

And? That still doesn't make them a Ghanaian company..... Just like McDonald's isn't a South African company just because they operate in SA.

They ask you which Ghanaian companies boasted an X amount of turnover....you then said MTN, AG, and goldfields which are not Ghanaian companies.

I don't care if it is a separate entity, it is still owned by the parent company which has majority share and thus in charge of decision making.

And?

the question from the Kenyan was about companies in both countries that make a billion dollars

it wasn't about indigenous companies.