rvp20182: Kenya this year should be 4.5b..Ghana 4.2b or around. Black American go to Ghana and settle in Kenya after realising Ghana is undeveloped zoo.Kenya professional are getting more online work with all forex n crypto trading.In next 5yrs kenya is focusing on formal exports of labour. Kenya current figures underestimate remittance received as they many efficient money transfer options..Treasury minister has alluded to changing methodology to track more.
rvp20182: Pure capitalism will never work. Pure communism. Pure socialism. Modern gov has aspect of all of them. Gov runs more as communism/socialiasm. Private sector run as capitalism. Gov is regulator to ensure the evils of capitalism are reduced. Otherwise it become the survial for the fittest.
You fail when you run private sector as communism/socialism as the profit motive dissappears (hardwork pays) - laziness & jealousy like Ghana and Tanzania sets in.
I didn't see Kenya among the hardest working countries on the continent... The productivity of a Kenyan is below that of every country here.
Hello, Enjoy the Fascism in kenya. In sensible countries, economics 101 is allowed to work and market forces eventually correct itself to drive inflation down. This thing will end up in a corruption cankerworm that will enrich govt officials
This kind of Fascism explains the huge flight of capital from Kenya. IT also explains why FDI is almost zero
rvp20182: Market failures need tough action - not just policies - heavy punitive fines - etc. Gov also can go into private business if private sectors are colluding.
Welcome to communism... It's the same old play book
Before you realize, there's shortage everywhere because of hoarding. Economics 101 will correct the mistake and in the end, you achieved nothing
rvp20182: GOv job is to regulate market to prevent market failures. Nigeria is good case study where cement by Dangotes and few crooks is more expensive than if it was imported or rice.
Yes... Using policies but not to physically stop market forces.
Ghana did this in the 80s, it doesn't work . It is also against ITO practices.
rvp20182: Ruto gov. Brilliant interventions. Sound macro-economic management. Dismantling of cartels that had started to cause market dysfunction like Nigeria Dangoteland. The cartels engage in price fixing - and are in almost every sector - Ruto gov has made it priority to finish them all business cartels - so market forces can work - supply and demand forces ultimately should lead to fair prices.
And of course resumption of rain - after 5yrs of drought - we now going into 5yrs of rainfall - meaning more food - more hydro power - more water supply.
Some of Ruto brilliant interventions. 1) Nailing 4.5B dollar oil import deal with Saudis and UAE to supply fuel for 9 months on credit easing pressure of forex. 2) Allowing duty free import of maize, rice, wheat and et. 3) Revamping moribund Kenya gov trading arm - that use to engage in wholesaling and retail -- KNTC to distribute duty-free food items through 500,000 retail shops across Kenya.Trade CS estimates a 30% decrease in cost of cooking oil, beans, sugar, rice, and maize under duty-free import scheme via KNTC.
And all these achieved after removing ALL SUBSIDIES.
Cartels that have been dismantled range from banks, cooking oil companies, milk, name them. Those who use not pay taxes - are getting hit very hard. The ground is being level. Market failures being sorted.
🤣😂🤣
Intervening in real market forces. It won't solve your problems
chrisooblog: Hmmm did well in some areas but crucially failed in the most important sectors crucial to the survival of the average Nigerian eg security and economy.
At this point, only Nigerians can fix Nigeria's security problems. The top down approach won't work
rvp20182: Kenya is not Nigeria - and will never be a zoo. The few who had payment delayed already paid and things should be back to normal. Ruto just unveiling his maiden budget plan. Revenues are up - and will go even higher next year - gdp is expected to grow - meaning Kenya will grow itself out of the debt crisis - something poor Ghana was unable to do.
Nigeria that has been printing Naira to pay federal employees can never tell kenya nothing.
You elected a goat herder who has printed 50B dollars the last few years to meet gov recurrent expenditure.
At every point, trying to compare yourself to Ghana.
Ghana is busy paying it workers without problems and doesn't have shortages of anything. Your nightmare is that Ghana did not sink to kenya's level of bankruptcy.
Kenya should try getting back up and pay it debt instead of looking for debt forgiveness... It is not an LDC
ProblemChild1: And Nairobi is smaller than Lagos oo in terms of landmark. But still yet the whole place is not developed. And one idiot wants to compare it Lagos let alone Abuja.
rvp20182: Get working sewage Cantonment n Airport n old Accra cbd are half decent. THE REST LOOK LIKE TYPICALLY WEST AFRICA. Huge mess.Mad cow of course disagree
Build a sewage for Nairobi, that place stink too much
This is not Airport and neither is it Cantonment 😂🤣
It's just an ordinary Ghanaian neighborhood.... You don't have something similar in Kenya