₦airaland Forum

Bankruptcy

IMF is concerned Kenya can't repay it debt ... A ticking time bomb
With an unproductive economy that imports everything

rvp20182:
Take your meds mad cow. You dont make sense. People who care for you should tell you. It sad to see fellow Ghanians encourage you. I love you and want you to get help. Mental health.

You're having a mental breakdown because the facts hurt you



Kenya hydra headed crisis

Debt to GDP 70%
Debt to revenue 70%
Borrowing to pay salaries
Dollar shortage leading to Kenya power billing customers in dollars.
IMF just rejected the Kenya govt debt sustainability plan

rvp20182:
Mad cow in his element.

Lunatic rants ... Cry more

Kenya is collapsing before your eyes ... Youve been borrowing to pay salaries for a very long time now.

The dollar shortage is so bad such that Kenya power is charging in dollars and everyone is abandoning the Kenyan shillings like a plague

rvp20182:
I dont see where borrowing is for salaries - it is for development - the first WB loan is to finance dual carriage way btw Nairobi and my home area in Nakuru - 230km.
Ghana hope to borrow from world bank and bilateral donors in 2030.
Kenya having shut itself from external debt market due to interest and forex risk only recourse is world bank and bilateral donors.
Once eurobond opens again in 2-3yrs we will be back.
Ghana will be back in 2040.

It's for payment of wages and salaries as the Kenyan govt is in serious liquidity problem with 70% of revenue being used to service debt.
That's crisis level.... Kenya is not going to be allowed to enter the Eurobond market even in 2035... No Eurobond investor is going to give your country money when it is not liquid (debt gulping up 70% of revenue)... They are worried that you've defaulted already and with such high burden Kenya won't be able to pay back..

Ghana is doing 35% so no one is worried about Ghana's inability to pay because the country is considered highly liquid.

vaxx:
It is not only economic crush that is kenya is facing , there is also educational crunch. Two big problem at once

Multi headed problems
You forgot the dollar shortage that is crushing them
Hydra headed

vaxx:
provide evidence for this your usual follish input or I consider it your normal rant .

Remember Ghana isn't kibera kenya

Ghana debt to GDP is expected to fall to 55% iwhich is the threshold for countries like Ghana and Kenya, in 2027.

I wonder how Kenya is planning to bring it debt service to revenue down to acceptable levels..

The IMF just rejected the plans they submitted

Next year is not even in and things are already this bad in Kenya.

Kenya is already borrowing to pay salaries... This is what a bankrupt country looks like.
A tragic debt to revenue ratio of 140% and a 33% budget financing deficit.
A country that has defaulted on several of it debt obligations

vaxx:
Coming from the house mouth

Ghana has been ranked as the 5th Most Talent Competitive country in Africa in the Global Talent Competitive Index (GTCI) for 2022.

Global Talent Competitive Index is a comprehensive annual benchmarking report that measures how countries and cities grow, attract and retain talent. It provides a unique resource for decision makers to understand the global talent competitiveness picture and develop strategies to boost their economies.

Top 20 Africa's s most talent competitive countries in 2022

1. South Africa �� (77th)
2. Egypt �� (86th)
3. Tunisia �� (91st)
4. Gambia �� (94th)
5. Ghana �� (95th)
6. Morocco �� (96th)
7. Kenya �� (97th)
8. Eswatini �� (100th)
9. Zambia �� (102nd)
10. Algeria �� (104th)
11. Benin �� (105th)
12. Rwanda ��(106th)
13. Senegal �� 107
14. Nigeria �� (109th)
15. Côte d'Ivoire (115th)
16. Malawi �� (116th)
17. Tanzania �� (117th)
18. Zimbabwe �� (118th)
19. Cameroon �� (119th)
20. Lesotho �� (120th)


#Source: Global Talent Competitive Index (GTCI) 2022

Some villager somewhere will come making noise

Shma2022:
Dwarf, There is data, and then there is date. Those two are entirely two different things. I don't have to teach you basic things. I accepeted data not date.

Data are facts and statistics collected together for reference or analysis

Why are you displaying the low-quality education you experience in Ghana ? You're dealing with foreigners... People from the most advanced system of education.

This is the definition of date:

Date is the day of the month or year as specified by a number.


Whether uhuru is a billionaire or not, he's still richer than any existing hobbit. And yes, you just proved my point. His stay in the village justifies my previous point on the urbanization rate.

Uhuru is not even richer than the Bediako brothers in Ghana let alone be a billionaire so sleep na there's nothing in your uncivilized village like richness.


Read and cry more

Shma2022:
I don't dispute data. It clearly doesn't make sense for me to show up with 15yrs old data when I have a year-old data. Only M0rons will buy into that sh"t.

Urbanization topic was sealed long time ago. Building slums everywhere for the sake of boosting urbanization is a silly and backward idea. Uhuru Kenyatta and many more dollar billionaires are enjoying their posh life in villages.

Just build your mini zoo and cut the excuses.

so you've moved from accepting that it is a 2018 data back to your nonsense claim ?
Big wan*ker

Shut up there Uhuru is not a billionaire even with your country stolen wealth. Which village does he live in?
The man is Afraid and ran to build a cottage in the middle of a forest to escape vagabonds overruning his house.


Go build that big slumish ZOO you live in and stop comparing yourself to countries far better than you in all things.

Shma2022:
I can post a blog today with ghana beyond aid campaign ( where Nairobi of 1990 was lifted as your 50 year vision --- dream ) yes, it took place 5 yrs ago, but the published date was today. or I can drop WB data for our 2017 GDP. No message will be distorted, just the date.

Check the original post and post the links here. If you don't have dwarf balls.

Deal with the data and stop all the complains

Nothing has changed to cause improvement for any of your towns.... For instance in 2021, of the 22 urban centers in all of Kenya, 11 is in the greater Nairobi area.
That is how I know nothing has improved in the rest of your country.

Do you want to weep over that too

Shma2022:
2016 is 6 years ago, almost a decade. But that was when the source was posted -- from UN blog. The survey took place in 2007, 15yrs ago, when you were in high school or uni, perhaps. I was in primary school by then.

Even so, we have 2017, 2018, 2019, 2020, 2021, 2022 -- all those were years of sheer transformation.

Which is not enough time for anywhere else in Kenya to become a city .... Have you seen a survey that takes place in 2007 contain results from 2016 and 2018…? Like a told you, just take your shame of a country and go compare with Rwanda and Uganda, the report is 2018

You see the madness that is doing you

Mombasa first dual carriage road is still under construction

Shma2022:
Again, 2007 data... This data expired long time ago.
Accra is a village slum.

cry more .... The List is 2016 as you can see on the top of it..

Nairobi is a Slum and mostly village

Shma2022:
Nakuru has bigger economy than Accra.
Kenya is a not a dwarf republic where their biggest city depicts a market.

Outside tiny Accra -- which can't make city status in Kenya, what other town have you ever proudly posted?

Know your lanes.

Rant on

The only thing that come close to a city in your country is Nairobi, I'm not the one saying it UN Habit says so.


I've proudly posted Accra, Tema, Kumasi, Takoradi, Suyani, Temale...

I've also posted every community in Accra.

Why are you ashamed to post the communities in Nairobi?
The slum capital is less developed, deal with it

List of Africa major urban cities

Shma2022:
Doesn't make sense... You puny @ss lambistic homuncule.

Kid is competing in a zero sum game .. I'm wiser

Back to substance

Shma2022:
15-year-old report... Who will take you seriously with this kind of disabled information-seeking skills?

You need to expand your horizon of thinking. 15 years ago, Kenya was not dominating in huge indices. We ranked the 5th most dynamic city in the world starting 2019... That is when we started seeing huge progress, both in tech, human, green and infrastructure development.

Before we focus on one aspect, let's introduce others.

Global business city index.

now you've jumped to another thing?
The economy of Ghana is not just centered in one city like in Kenya where there rest of the country is useless. Ours is greatly spread around 3 cities Accra, Kumasi, Takoradi.


Keep crying

Shma2022:
Go lie to dwarfs.

deny to Dumb skeletal piggy zombies and not here

Shma2022:
No, that was in 2007. The year our GDP was $31B. In 2022 --- Kenya is way advance.

More shame

Just 2018 and the issue you're being ranked on are core issues that are structural and your GDP has very little to do with it.

It will take Nairobi 50 years to improve on those stuff and catch up with Accra.

Shma2022:
You don't have any knowledge. I saw the list before you saw it. I was pretty sure your dear brain will copy and paste it here.

keep crying

I just used my knowledge of the levels of development and civility of those countries to make the list and everything can be verified

Shma2022:
Hobbit, That was for 2007 --- 15years ago. Don't just post anything.
I was 100% sure you will come up with this kind of defensive-nonsensical.

keep crying
That was 2018 .. I thought you were going to contest it.

See the same on your face... You think your country can just change all of that in 4 years?

Nairobi basically scored 0 and negative in everything.. go and improve before you ever think of comparing that dumpster to even Lagos, let alone Accra.

Shma2022:
So You went for a Nigerian blog... I saw that thing and in ignored it based on the opening remarks.

rant of a lunatic

Which Nigerian blog is that?

I listed these base on my knowledge of a report I read 2 years ago

Shma2022:
Today I am very free.. I am available to help you waste words.

Lets start with sustainability:

Cities with the best environmetal priactices are capetown, Nairobi and joburg. --- even shambolic lagos is doing way better than Accra.

In 2022, the top 100 sustainable cities of Arcadis are Oslo (Norway), Stockholm (Sweden), Tokyo (Japan), Copenhagen (Denmark) and Berlin (Germany), which took the first five places. While several major cities in Europe or America do not appear in this world ranking, Africa, through Cairo, Cape Town, Nairobi, Johannesburg, Lagos and Kinshasa, is among the best in terms of environmental practices and ecological transition.

Nakuru, mombasa and Nairobi have bigger economy than Ghana. So relax your bum.


On infrastructure, picture speaks volume... You can also find your president to help you understand Ghana's beyond Aid initiative... You have a future to secure; and that future is Nairobi of 1990 as your 50-year dream.

Let me laugh
Go argue with UN-HABITAT
This is their list of the most sustainable African cities and Nairobi score -4
The cities are ranked on environmental governance, sanitation, water, waste , transport, land use, energy and CO2, air quality

Sustainable city index
Cape town
Durban
Joburg
Casablanca
Accra
Tunis
Lagos
Addis Ababa
Alexandria
Cairo
Pretoria
Nairobi
Dar es salaam
Maputo
Luanda


Nakuru is not a city and Mombasa isn't either, according to the UN and their economies can only be compared to Temale.

[b][/b]

rvp2018:
Mad cow in his element.

Dumb lunatic pig who doesn't know much.

rvp2018:
monkey say monkey do

just look at your environment and how drainages and pavements are nonexistent and do.

rvp2018:
Why not use the fund to settle their debt on time

Debt are already being settled on time.

We are talking protecting the banking system.
Central banks don't owe debt

Shma2022:
correction:

The most civilized nations in Africa are in that order:

SOUTH AFRICA
Egypt
Kenya
ALGERIA
GHANA
then NIGERIA.

Rant and rants ... Kenya will not even come in top 10 with that your backward political, social and educational system.

It goes like this

SA
Morocco
Algeria
Mauritius
Botswana
Ghana
Namibia
Nigeria
Ivory coast
Tunisia
Libya

Shma2022:
FACTS doesn't care the rants of a madman.

Accra needs 30yrs to be at the Nairobi level. This stretches to both aspects of development:
Economy
Infrastructure
Social development
Sustainability

And pretty much everything.

Rant on

Another rant from a lunatic

Accra has better development in All the Aspect you mentioned than Nairobi and those facts have been proven here.

Keep ranting while Nairobi keep looking like a nasty roadless pig pen.

Nairobi needs serious investment in all areas to be able to catch up with Accra. Start putting enough money in your electric grid, then provide a good economic condition where Nairobians can have better social standing to be able to rent or own better living areas .
Modernize your education and heath sectors and you'll start to have better social development from villagey style of living you're accustomed to

GeneralDae:
Just40 this debt restructuring, at what length would it affect Banks in Ghana? Fitch says Nigerian Banks would also be affected.
How do you see the Government helping the Banks and big businesses in this situation?

https://www.thenigerianvoice.com/news/314946/ghanas-debt-restructuring-affects-nigerian-banks-fitch.html

The Central Bank has already created a fund for the Commercial banks which is a buffer to safeguard them from the effect.

The SEC will do something for the fund managers as well

rvp2018:
Most of kenya is cold; colder than West Africa sweltering heat; so expect people to dress up; And if you're dressing to impress people; or have colour for each day; then clearly your priority as country is misplaced;

All that wasted energy dressing in similar manner should be invested in digging up trenches, putting culverts and creating a modern sewage system. That is where you can show unity as people...not in dressing in similar colour in some days of the week...like some boarding school kids or goats.

In Kenya and many other countries - you dress how you want - when you want.

Kenya needs those culvert to create a better sewage system more than Ghana. A nonexistent drainage system is the reason why you expressway had poor workmanship

Ghana has a modern drainage system in every community that collect waste water and surface runoffs.

Do you think Nigeria should join?
Ghana has had enough of Europe's hypocrisy and at this point just giving an *F *U


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

Shma2022:
Seems like We're not reading in the same book.

Why am I saying applied maths is inferior to financial engineering in complexity?
1. If you deeply know basic maths & unalysis, you already have the knowledge to solve any mathematical related problem. Just like I had told you about data structure and algorithm in developing websites and apps --- if you understand the fundamentals of coding & data structure and algorithm, you can apply those skills in developing websites and games.
Those are fundamental skills for any person wishing to advance in programming level.

== Financial engineering has Applied maths & many more units
-- meaning, Applied maths is just a substrata of everything.
== for you to be a graduate of Financial engineering, you need to know both applied maths, programming, IT, finance, economics, Accounting, ...etc

2. Applied maths is complex pure math. You need to understand pure maths (functional analysis, advanced linear algebra, calculus...) first then blend it with the field you major in: that can be actuarial science or engineering or computer science, etc and everything will be easier.

3. People like us didn't do applied maths as a course. If you're doing it as a degree course; then you're not helping yourself. Unless you want to specialize in programming thereafter or be a teacher. And yes, I will agree if you're doing it as a course, then you'll have to sweat more than the guy in FE.

Any ph.D math-related course is for the chosen few. 90% of statisticians from masters level drop out of Ph.D. classes. The thesis is not for the faint-hearted.

Your entire financial engineering course is just in few topics in Applied Mathematics
take that to bed