₦airaland Forum

The calmest part of Lagos, away from the chaos.

It feels like Accra, here

https://www.youtube.com/watch?v=kCo55_pxDgY

rvp20182:
Just spare us the verbosity - nobody believes a mad man - and share links.

lunatic

Screen grab is okay for you after all, your education is below par to understand anything.... Your comment above is even an indication.

It's fruitless to argue with a mad person like you. Go and argue with the world bank or AfDB. They all have similar facts

GeneralDae:
Kenyan Central Bank says 4% of the population have up to 800 dollars and above in their Bank accounts. So logically, I believe people capable of spending 10 dollars should be higher in percentage.

I don't think they will be higher than that 4% because you can't spend what you don't have looking at the fact that Kenya says it has 100% bankable population.

So the 4% is just 4% and understandable considering AfDB give it upper middle class size as 4% 12 years ago

GeneralDae:
There are conflicting reports everywhere. It's why Africans generally must work on having
more accurate data.

For instance, Kenyan Central Bank just released data 2 days ago of Kenyans who hold 100,000 shillings (around 800 dollars) in their bank accounts and they increased in 2022 to 1.9 million people (4% of population).

If the Central Bank of Kenya is correct, then it would be impossible to have just 1.8 million people capable of spending 10 dollars daily.
I think that report just made their own wild guess and estimates based on so called monetary poverty rate.

Yes the data is made base on monetary poverty rate and for the Central Bank of Kenya to prove them almost right by a slight margin of error using savings data and also prove AfDB right for giving Kenya 4% like their central bank got, I think there's something there.

Shaytun:
Are you serious right now, I have still not seen the world bank report on this.

It’s fictitious.

You think luxury market is bigger in Yaoundé than Nairobi?

You believe luxury market is bigger in Accra than in Lagos ?

Yes I'm serious

Go and watch the YouTube video, I've played with the world bank data before when I was demonstrating the middle class size of each country on this platform but I've forgotten the website. You can take the pain to search for it on this platform.

Yes and the world Bank says so, the last time we checked Nairobi middle class size, it was less than 5 million people so I'm not surprised that their upper middle class is only 1.8 million.

Yes I believe so as well, looking at the spending capacity of both countries in their respective currencies. Nigeria has the largest consumer market in Africa because the world bank place it middle class size at around 40 million people 23% of population and that of Ghana is 15 million people around 50% of population. But when they adjust the spending rate to target the upper middle class Nigeria gets 3 million and Ghana gets 5 million.

For now, it's the only credible data investors have on consumer spending to make their investment decisions.

Shaytun:
Lol no, people are poking hole in it, because it makes absolutely zero sense.

I’ve stayed in Cameroon before so I have an idea what I’m talking about, how can you compare Yaoundé with Nairobi.

In what magical universe?

Cameroon having that population with higher spending will have been translated in reality, there’s no such reality.

Except they are not comparing Yaounde and Nairobi.

They are comparing the spending Capita of it residence and found out that Yaounde residents have more disposable income to spend at the upper middle class level hence businesses that look at pricing in the upper middle class range will most likely choose Cameroon for business than Kenya.

I've also been to Cameroon and I know they love to spend especially in the upper range to show class

POKUASI2:
Liar!!!
Cocobod said Monday's loan, significantly less than the $1.5 billion secured last year, was oversubscribed by $130 million.

Ghana's parliament had approved a larger $1.3 billion loan at the end of July.

The loan's lead arrangers were Cooperative Rabobank, the Industrial and Commercial Bank of China (ICBC), DZ Bank, MUFG Bank, Natixis, Standard Chartered, the Arab Bank for Economic Development in Africa (BADEA) and the Ghana International Bank.

What has cocobod got to do with an aluminum deal ?

Or is it a reading problem that you have?

Shaytun:
That Data is false .


This is a credible data from AFDB.

It put the number as 17% for Nigeria and 13% for Ghana.

The data is not false

This AfDB own was done in 2011 the world Bank own is 2021

Luzebox:
For people to be able to spend they need to have their basic needs sorted first...10$ in some african countries will only help you survive cos of how expensive basic amenities are...in other countries it will get u basic amenities and enough to spend on other foreign products...that why most companies are not going to cameroun over kenya...

the only companies going to Kenya are FMCG which depends on population size.

Those looking at the high earn market prefer Cameroon over Kenya based on the spending power except for their political issues hindering their growth

One of the best communities to live in, in the western most part of Greater Accra
The collection of expensive beautiful mansion is beyond measure


https://www.youtube.com/watch?v=wBB_RBcVwX0

Obaaderemi2:
That old boy is a proper monkey and a poor ambassador of Kenya's woeful education.

😂🤣

Unfortunately it's not just him, the others had even horrible education

https://www.youtube.com/watch?v=oxUT4WV9YVA

Obaaderemi2:
R I P, once again grammar has failed you.
You should ask just40 to tell you the meaning of self-deprecating humour. There's nothing self-deprecating in what I've been writing.

🤣😂🤣

Kenyans were poorly educated and every time they embarrass themselves

Shaytun:
You’re telling me to believe more people have higher spending power in Cameroon as against Kenya.

How?There are some data that don’t portray reality, I really need the link to the world bank article that came up with this.

Let me see the criteria used.

Yes

It's quite credible and the African development bank got something similar 12 years ago except for the fact that in the world bank own for 2021, Kenya has retrogressed

Join the discussion on Twitter https://twitter.com/NaijaFlyingDr/status/1659165757589319685?t=0K9ZGf-2wZ14EH1WaqzDkg&s=19

There's a YouTube video with the breakdown on consumer markets

QuietMynd:
Middle school (phase 2)

this is actually nice and should be the standard

Shaytun:
Where’s the source for this?


I can’t believe Cameroon having a higher middle class than Kenya, and ghana having a higher middle class than Nigeria.

That’s just pure wishful thinking.

World Bank is the source of the data

It's not the entire middle class

It's the upper middle class who can afford ostentatious goods

rvp20182:
How about I don't give a fck what you say or claim as you're mad cow.

😂🤣

Fact exposing your nonsense rant ... Your views are not important because they are always lunatic rant.

Only thing important here is the fact

Weija Red Top

A well developed and beautiful community.. You wont find anything this beautiful in Kenya.


https://www.youtube.com/watch?v=wBB_RBcVwX0

rvp20182:
search cocoa China escrow

It never happened

Did you read this ? Basically telling you in plain words that it wasn't collateralized?

As usual, desperate Kenya copium mechanism 🤣😂

rvp20182:
Those are debt vultures ..Georgesoros..they are hyenas n vultures..they circle euro bonds..buying dead decaying Ghana stocks..you are just starring at huge problems...ohoo boy idiots.They can sit on your bond for years...then show up..and you'll pay everything. Right now they buying all dead debt...then they will wait..wait..then finally show up when you're solvent

Those are big funds... Some of the largest fund holders in the world

They only spend their monies in places with great returns and not dead countries like Kenya.

They are basically getting pennies on the dollar and will flip it as ESG capital to make millions from their various countries. 😂🤣

Idiot who doesn't know any... Kenya will benefit from appointing competent people who knows the debt market.

rvp20182:
you collateralized even cocoa beans of farmers..you can only guilty trip American from your slaves export..never China man.Ask your twin zambia. China gave you almost nothing and all fully secured in minerals n worse cocoa beans deposit in China escrow account. You think Chinese are idiots

🤣😂 desperate skeletal Lunatic

Ghana has never collateralized anything and not especially when Ghanaian farmers are mostly choosing to sell their cocoa to Ghanaian chocolate producers and other private firms before cocobod.

Top 10 buyers of Ghana cocoa does not have china in it.

Ghana basically did not borrowed from China and when ever we did, we made sure that the money went into profitable infrastructure that could pay for itself.

Example Ghana Gas, Bui Dam, and other power infrastructure and they all paid their loans in 5 years without govt spending a penny of tax revenue on it.


Kenya should learn to invest Chinese money in profitable things rather than becoming a Sri Lanka in Africa.

rvp20182:
only idiots lend to Ghana. Chinese is meritocracy. Average Chinese policy wonk n leader has phd.Youre mental sick

let see those who lend to Ghana
Blackrock, Vontobel, AllianceBernstein, Neuberger Berman, PIMCO
Abrdn, and Amundi (UK) Limited.24

Do anyone of them look like idiots to you? 😂🤣


I understand barbering shops and hair dressing saloons are those who lend to Kenya else Kenya will have to collateralized something to china for some money because that country is not worthy of investment.

rvp20182:
Bauxite for infrastructure search in Google.mad cow.

skeletal Lunatic

There's nothing like bauxite for infrastructure.

China paid in advance for aluminum... A deal that caused an increase in Ghana's aluminum production and export. Creating jobs for Ghanaians

rvp20182:
mad cow you're incorrigible as always..almost all your Chinese loans are collatorized

Not a single one of Ghana's Chinese loan is collateralized.... You desperate lunatic 🤣😂

We are not that dumb like Kenya.

China has always been rest assured in Ghana that they'll get paid so never collateralized any loan agreement with Ghana.

GeneralDae:
Maybe you need the education more. This report suggests they are waiting for the second disbursement of the loan.

That kid is not informed on anything at all🤣😂

rvp20182:
China has stalled zambia as they insist everyone including imf n World Bank takes an haircut. The current zambia president is patriot unwilling to do what Ghana did...mortgage minerals to China.Ghana gave China minerals n cocoa beans so China signed them off..the china lose nothing..all their lending to Ghana are collatorized. In zambia its different story.

Ghana hasn't given China any minerals or cocoa

Don't be desperate 🤣😂🤣

We are not Kenya

rvp20182:
Chinese don't like losing money.And they are very brilliant. GHANA THEY KNOW WAS HOPELESS FROM GET GO.So all chinese loans to Ghana are collatorized with cocoa,bauxite and gold.In kenya its insured. Ethiopia is basically old communist ties n Ethiopia military aid.Zambia need to give up copper belts
.China cold calculating machines like jews.China will not lend soon to Africa..it is over.Anyone looking at Beijing now is mad cow.The west can forgive debt...china maybe to Ethiopia only

As usual
Desperate nonsense

Let see where Chinese loans were used
Ghana Gas... This facility paid it 1 billion Chinese loan in 5 years
Bui Dam... This facility also paid it loan facility in 5 years

Today as we speak, Chinese debt to Ghana is almost negligible.

Ghanaian farmer sell their cocoa to cocobod and cocobod sells to Switzerland, US, Turkey, UK, South Korea, Malaysia, Netherlands and etc.. China is not in the top 10 buyers

GeneralDae:

just growing the debt stock

GeneralDae:
Of course. IMF pays 600 million dollars this month which should bring some stability. And then by November again, they disburse another 600 million dollars. So this is very positive for Ghana.

This fast IMF debt restructuring program for Ghana shows why taking too much loans from the Chinese could be a disadvantage. Chinese loans were negligible, so the Chinese could simply ignore but they dragged their feet in the case of Zambia which delayed the process.

Chinese debt is not a bad thing especially when you spend it on highly profitable infrastructure that can repay the loan faster ( where the return on investment is tangible).

If you use their monies on roads and unprofitable rails, you most likely will find yourself at a disadvantage.

vankelvin:
Crazy people
Borrowing to pay ministers is the craziest thing I have ever heard in ages

They are just mad

A picture that portrays a thousand message

The upper middle income consumer market size of each country on the 10 dollars and above spending ratio. This has a lot of meaning

Kazikazi:
The fake GDP figures are coming from those same sectors which u don't want to discuss.....agriculture. l

You faked it in almost each sector so that the overall GDP should look higher

Anyway,Kq is now using duct tape on the aeroplanes

😂🤣😂 what are duct tapes doing on a flying coffin