₦airaland Forum

vaxx:
this is the illiteracy I am taking about ? A stupid individual like you is written my word back to me as if he is making sense , you are only repeating the same thing I let you know. Fool. There is a benchmark price that your national banks value your currency when compared with dollars ( that is the amount she will sell it to the banks or other regulated agency ) and your banks will make a profit margin when trading it hence the reason you can't get it 123 the same price your national bank will sell it to your bank.


You monkey

He's learning by each comment

rvp2018:
What do they teach you in Ghana school;
Not English? Not logic? Not Economics.
Why are exactly are spending money to finance an education system that output idiots like you.
The exchange rate is median btw buys and sells;

Kenya Shilling Slides To Ksh.123 Mark Against The U.S Dollar
https://www.citizen.digital/business/kenya-shilling-slides-to-ksh123-mark-against-the-us-dollar-n311267

keep confusing yourself with things you don't understand

rvp2018:
Again, you're wasting your insults; they have zero effect on me;
I only flow with facts.
Kshs is 123.
Ghana fundamentals remain messed.
It has defaulted already on local debt - and we are waiting for eurobond default;
IMF and diaspora dollars is giving Cedis a deadcat bounced.
Fundamentally - Ghana is still rated at default
https://www.fitchratings.com/research/sovereigns/fitch-downgrades-ghana-ltlc-idr-to-c-08-12-2022

What we are watching for in Q1 2023


Fitch Ratings - Hong Kong - 08 Dec 2022: Fitch Ratings has downgraded Ghana's Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to 'C' from 'CC'. The issue ratings on local-currency bonds issued domestically have also been downgraded to 'C' from 'CC'. Fitch has affirmed Ghana's Long-Term Foreign-Currency IDR at 'CC'. Fitch typically does not assign Outlooks to sovereigns with a rating of 'CCC+' or below.

A full list of rating actions is at the end of this rating action commentary.


KEY RATING DRIVERS
LC Debt Restructuring Announced: The downgrade of Ghana's follows the government's announcement of a formal invitation to exchange local-currency debt. Fitch deems this to be the initiation of a default-like process, consistent with a 'C' rating.

Invitation to Exchange LC Debt: On 5 December, the government of Ghana published an Exchange Memorandum inviting eligible holders of local-currency domestic debt to exchange their existing bonds for new bonds. These new bonds will pay significantly lower coupons, with 0% coupon in 2023, rising to 5% in 2024 and to 10% from 2025 onwards, and effectively extend maturities for eligible outstanding local-currency domestic debt. The restructuring comes in the context of efforts to secure IMF support and a local-currency restructuring seems to constitute a necessary prior action.

LC Exchange Qualifies as DDE: In Fitch's view, the debt exchange constitutes a distressed debt exchange under the agency's criteria, given that it entails a material reduction in terms and is needed to avoid an outright default. Fitch will downgrade the LTLC IDR to 'RD' after completion of the debt exchange, which the government currently expects on 20 December. The IDR could then be upgraded to a rating appropriate for Ghana's prospects on a forward-looking basis, but the LTLC IDR would be constrained by the fact that the foreign-currency debt situation would still need to be cleared.

Foreign-Currency Debt Not Yet Affected: The government also announced that it is preparing a restructuring of its external debt to restore debt sustainability. Fitch downgraded Ghana's rating to 'CC' on 23 September to indicate the increasing likelihood of a default event as a result of these pressures and in anticipation that an IMF-supported macroeconomic reform programme would require some form of debt restructuring. Ghana's already-high debt servicing burden and constrained access to finance both worsened during the successive shocks of the coronavirus pandemic and the Ukraine-Russia war, leading the government to seek IMF support in July 2022.

Partially Guaranteed Note Expected to Be Excluded: We have affirmed the rating on Ghana's partially guaranteed notes backed by the World Bank's International Development Association as the notes are expected to be excluded from an external debt restructuring even if other Eurobonds are included.


ESG - Governance: Ghana has an ESG Relevance Score (RS) of '5' for both Political Stability and Rights and for the Rule of Law, Institutional and Regulatory Quality and Control of Corruption. Theses scores reflect the high weight that the World Bank Governance Indicators (WBGI) have in our proprietary Sovereign Rating Model. Ghana has a medium WBGI ranking at 50.8 reflecting a recent track record of peaceful political transitions, a moderate level of rights for participation in the political process, moderate institutional capacity, established rule of law and a moderate level of corruption.

ESG - Creditor Rights: Ghana has an ESG Relevance Score (RS) of 5 for Creditor Rights as willingness to service and repay debt is highly relevant to the rating and is a key rating driver with a high weight. The current rating action reflects Fitch's view that a default event is imminent.


RATING SENSITIVITIES
Factors that could, individually or collectively, lead to negative rating action/downgrade:
-Completion of the proposed debt local-currency exchange would lead to a downgrade of Ghana's LTLC IDR to 'RD'.

- Failure to make scheduled coupon or maturity payments on Ghana's foreign-currency bonds within the grace period would lead to a downgrade of Ghana's LTFC IDR to 'RD'.

- Signs that the partially guaranteed notes might be included in a restructuring could lead to a downgrade of their rating.


Factors that could, individually or collectively, lead to positive rating action/upgrade:
- Withdrawal of the local-currency debt exchange offer and payment of upcoming coupon payments within stipulated grace periods.

- Evidence that foreign-currency debt would be excluded from the overall effort to address Ghana's debt pressure could lead to an upgrade of the LTFC IDR and affected issuances.

long epistle of nothing

Keep crying

@shma2022
you're roaming from one blog to another .




Nairobi needs to improve these
electricity
water
Roads
public transportation
traffic congestion
medical supplies and services
infectious diseases
sewage
waste disposal
air pollution
standards and availability of schools
restaurants
theatres
cinemas
sports and leisure
availability of food/daily consumption items, cars
Improve Housing
Improve household appliances availability,
furniture availability,
Improve infrastructure maintenance services


Accra performed better in All those infrastructure and services than Nairobi and that is why they placed Accra far above Nairobi.

Improve those and you won't be here crying and cursing here.

rvp2018:
He is battling power rationing while quoting QOL. Crazy hunter. Their cities are slowly becoming 3rd world from 2nd world...crime, joblessness, drugs, power and water rationing.

JOHANNESBURG, Dec 7 (Reuters) - South African state power utility Eskom on Wednesday ramped up scheduled power cuts to "Stage 6", repeating the worst outage level on record and putting further strain on households and businesses.

The utility, whose ageing fleet of coal-fired power stations is prone to faults, said a flurry of breakdowns and delays returning other units to service had caused the escalation in outages.

Stage 6 power cuts require up to 6,000 megawatts to be shed from the national grid and mean at least six hours a day without power for most South Africans.

I'm surprised you're mentioning crime, drugs, joblessness, water and power rationing when all these things are happening on a large skill in Kenya.

jl115:
such a long post that proves absolutely nothing..... Now try read my post again.... What indexes is Cario ahead of vs Joburg....

123...go

So far none but should they complete the projects they've embarked on, they might be competing with jo'burg

But that is a long if from now because they'll also have to improve a lot of things in old Cairo

rvp2018:
For christ sake get sewage system first and stop smelling.

You need it more the stench in Nairobi is bad.
When you're done, improve your drainages too.

No wonder mercer thinks your infrastructure is not up to scratch. Go argue with them and convince them

popizaino:
Johannesburg,Cairo,Lagos,Nairobi,Cape Town all belong to the 1st tier most developed cities in Africa. Although, Johannesburg might surpass Nairobi/Lagos in terms of wider range of social amenities/infrastructure but that doesn't mean those other cities doesnt boast of such. It is not just up to Johannesburg standard. Accra is not in the league of this cities hence my point.

Yet jo'bury and Cape Town remains the two cities above Accra in all the necessary infrastructure..... You can go and disprove Mercer

popizaino:
Ok.......cool story.

your tears

GeneralDae:
I thought as much. I mean why expose your region to the Western World like that without trying to solve the problem within West Africa first?

As a founding member of the none align movement, such outburst should even have come from his mouth especially the Ghanaian political society have successfully supervise a smooth political military process with the help of Rawlings.

To him, because Burkina hasnt follow suit immediately to a party political process yet, a lot more pressure must be applied before we end up having another dictator on our hands.

GeneralDae:
What are your perspectives on the issues between Ghanaian and Burkinabe Governments @Just30, vaax, vankelvn??

Terrible okro mouth

That man has always failed at foreign relation.

What ever Burkina Faso is doing currently, it is doing it for their own good.. saving their country from French exploitation.

68816419:
So, Every area in Nairobi that contains a highrise building has the designation C.B.D, correct?

for me, it's the fact that they compare tiny places with 40k people to huge towns with 10 times more population

popizaino:
Tbh,your pair in Africa is Johannesburg, Cairo,Lagos. Nairobi verse Accra is a non-starter,don't allow him force this conversation with you. He aims to drag Nairobi in the 3rd tier city as Accra so onlookers will assume this is even worth debating. Don't fall for his trick. End his pettiness once and for all.

You're pained go rant somewhere else

Or go and convince the rest of the world that Nairobi infrastructure is good enough to get it up on QOL ranking of your own making and push Kenya up the HDIs. Which of the facts will you deny this time round ?

Who in his right sense will compare a place with 40,000 people in Kenya to a place of almost 400,000 people in Accra which is far more developed?

Nairobi will at best be a 4th grade city ... Your tears keep getting better.

Shma2022:

Who ruffled you up? You sound depressed!
But I don't care if I bruise your Dwarf nerves to a greater extent.

I am here with the gospel truth:
One CBD in Nairobi swallows the entire Accra. For instance, this place in kilimani is incomparable to anything in Ghana --- it makes Accra looks like a village.

https://www.youtube.com/watch?v=TLcpybL2lAc
Popizaino can confirm this.

So, if kilimani; a tiny CBD in Nairobi has more development than Accra, how do you expect to compete with the main CBD? I will attach it below.
Westland and kilimani will forever remain a dream for any existing hobbit. For a country like Ghana to achieve the development per square mile experienced in Upperhill, Downtown, and wetlands; you need more or less 20 years. That's how backward you're.

Thus say; if 95% of Nairobi is a slum; factoring in 117km² National park(around 16%); Karen ; kileleshwa, muthaiga, upper hill, kilimani_ which carries more than 50%. Parklands, Westland, downtown which carries 20%... Then we can conclude that all dwarfs have neuroticism and mental disorientation. For any to reason logically and safely; you need to stoop to their level of absurdity.

you call that small place with only 40,000 people a thing to celebrate?

Nonsense ... When you combine all of Westland( all of Westland is 200,000 people), parkland,kile*lesh*wa and kili*mani thats when you get East Legon of almost 400,000 people. It size is 450 or so square kilometers.
The day any part of Kenya gets beautiful and more developed than here, we can talk.

https://www.youtube.com/watch?v=8e3EDbVAn-w


https://www.youtube.com/watch?v=m1jEoWn7Hy0


Even dzorwulo in Accra is twice the size of kili*mani that you keep mentioning and has 78,000 people. That's kili*mani and Karen combined

So you need a lot of doubling up

Obaaderemi2:
Just40, cedi is now 8 to a dollar. How much was it before the fall? And how's your cost of living now?

it was 7 cedis to a dollar before the fall but it was 5.9 at the beginning of the year

Shma2022:
That hobbit started posting slums because that is the only area they can contest.

Dare him to post Accra CBC and you'll see a novel of verbiage --- rants and some dumb sh1t. 1

So you mean 95% of Nairobi is slum, zombie ? I've not even posted the known slums in Nairobi but just the ordinary communities and you're crying

I started posting communities in Nairobi because you guys are too scared to post all of Nairobi communities like I've down with Accra, hence repeated the same small places for 7 years.

We don't have a place called Accra CBC.


Simple question, why do all of Nairobi populous communities look that runned down?

ProblemChild1:
My goodness all these are only in Nairobi. And Nairobi is not even bigger than Lagos in terms of land. Not to talk of Abuja.

apart from the slums, most Kenyan communities look like that .

This is why they've spent 8 years only posting the 2km areas and small communities that have only 50,000 people

rvp2018:
You cant build tall building you see in Nairobi without working sewer; that soakpit/cesspit will fill up in a week;

And that my friends is the main reason why no one is building up in west africa.

Lack of modern sanitation.

Apartment dont work with cesspit/soak pits. You'll be calling the honey sucker weekly and it wont make any economic sense.

Nairobi has man made lake - of 4,000 acres - where all the sewage goes.

why would anyone want to live in tall buildings like that when they have good accomodations to live in?

People are not building good accommodation in Kenya because you guys mostly don't have money to acquire it and secondly all your lands have been stolen so you guys can't afford the little left.

We all know that we have better sanitation than Kenya so that , guy, is a mute rant.

Accra will never create such an environmental mess that huge when a better environmentally controlled recycling facility for human waste.

No wonder sewage overflow your slum city every now and then

rvp2018:
You cant stay better in a sewer with overflowing cesspit.

Fix sewage first before we talk.

Once you smell fresh air your life will improve.

sorry, we don't have overflowing cesspit and sewer here

I heard that is a very common thing in Nairobi though

We already have a good sewer system and also have a better drainage system too.

Fix those in Nairobi so you don't keep having cholera

rvp2018:
No one in kenya will pay rent for one year
Eastland exist to provide cheap housing for people starting their careers or life in Nairobi.
You are probably typing this from backside of someone bungalow.
or staying with relatives.

or like we see in Nairobi - 10 nigeria in one room in same Umoja Crazy west africa come to Nairobi - go to Kayole and still cant afford to pay for a shack.

Kayoles provide cheap housing for low income people - readily cheaply available

at least we know we are paying rent to stay in something better and not those nonsense that 95% of your people live in.... That shit can make skin crawl

We have cheap stuff too that people pay 10 dollars and 20 dollars to live in too and they mostly in good communities than the mess that 95% of Nairobi is

Shma2022:
I didn't ask that, Dwarf.

answer the question and stop running away, you zombie

rvp2018:
Now what would you call your cities. Kayole would among the best places in Accra.

sorry kiddo
It would have been nuked a long time ago if such a mess should have been allowed here

rvp2018:
The slum only exist in Nairobi - and most people within Nairobi city - live in Eastland slumscrappers.
Greater Nairobi beat entire West Africa still

Greater Nairobi is middle and lower middle class - for people who want to own their residence and not pay west side prices.

Way above Ghana. Nobody really can explain why West Africa cities look bad. I cant. I have tried.

https://www.youtube.com/watch?v=hwrP0H_hkoU

greater Nairobi mostly look like Dan*Dora
And no west African community will look that run down.

Having a few tiny communities like Kar*en with 50,000 people or Run*da with 30,000 won't change the greater mess of 10 million

rvp2018:
Soweto is a slum.
Kibera, Soweto, Mukuru, Mathare, Korogocho. Those are slums erected illegally in river basins mostly.
Most Kayole is equivalent to Pipeline and Dandora....slumscrappers.

One thing Kayole has more skyscrapper than entire GHANA cities

I didn't mention So*weto the slum and neither did I mention all those slums.

I just mentioned ordinary Kenyan communities which come out as the largest urban areas of Nairobi and what they mostly look like (run down slums) .

Sorry Accra does not put up such run down shit and call them skyscrapers anywhere.

rvp2018:
If we go for horizontal you'll lose even more.
Almost half of Nairobi has world classes residential estates

Such houses all over Nairobi West - huge area - starting from Karen - ending all the way in Garden Estate- Thome.
You can split Nairobi roughly in two - Eastland - is poorer part - with many middle and lower middle class that would pass for best in west africa.

Then west side of Nairobi is world class - and you cannot get anything less than a million dollars - unless it's apartment.


https://www.youtube.com/watch?v=cANyekBCmvw&t=98s

Karen only has a population of 50,000 , that's nothing compare to 10 million Greater Nairobi population

ProblemChild1:
Please I don't want to have a nightmare. They didn't rate Nairobi as the largest slums in the world for nothing.

You'll have to close one eye to watch

rvp2018:
All those areas are better than typical west africa cities.

https://www.youtube.com/watch?v=6sDvFOmus8o&t=866s

I understand why you can't post every community in Nairobi because they all look like run down squalors


Kayo*le 700,000 people live here


https://www.youtube.com/watch?v=EzBkhiAt38M

https://www.youtube.com/watch?v=JZuoF29KA_o

https://www.youtube.com/watch?v=u4HgGteNLOw

Umo*ja is it 500,000 or 600,000 people who live here?

https://www.youtube.com/watch?v=XOoBmrH1iUA

Dan*dora Nairobi with a million people


https://www.youtube.com/watch?v=dnoAF2F2r_4

Shma2022:
How is dwarf Accra better than Abuja? Answer the question.

how will Nairobi catch up to Kampala when most of it communities are deplorable?

ProblemChild1:
Nairobi is a certified shithole. The world's largest slum

Just go and look at Kayo*Le, Umo*ja, Dan*dora and co and you'll see how horribly ordinary Kenyan communities are.
Those areas hold some of the largest population of Kenyans in Nairobi

Shma2022:
Any ranking that puts kampala or accra ahead of Nairobi or Lagos should be disbanded with immediate effect.

Kampala is really doing something good to have come out of the shadows to be better than Nairobi.

Better go and look for all the areas you're doing horribly and fix it
I suggest you start with moving 8 million plus people into better housing in Nairobi, fix education and health, fix your politics, water supply, electricity and drainages... Then you'll improve

rvp2018:
Nana is biggest joke in Africa now.

he's the biggest joke of Ghana compare to all the others we've had but our joke is still the best in Africa.

He's make Ruto and your drunkard ex look the fools they are

rvp2018:
Tell your president.

He's showing the entire Kenyan society the way..

That document is what Ruto is following and failing to rule Kenya.

Maybe in 30 plus years time it will help Kenya get to where Ghana is