₦airaland Forum

A disaster unfolding

Kenya is at a crunch as 2 billion eurobond is due

rvp2018:
That article is last week. Any link to that breaking news where broke Ghanian electricity money paid 1.4B dollars. Prepare for dumsor as IPPS will shut down operation as they wont be able to pay for diesel or gas.

Yes and ECG has managed to kul them down by going on debt collection. No dumsor will happen here untill 2024 when Ghana will have fully consumed all of it surplus electricity.

Ghana does not use diesel for electricity, learn sense. And they don't have to pay for gas, they just have to owe Ghana Gas and ECG and govt will sort it out.😂

You're so desperate such that you can't even type properly..


Half of Kenya is still in darkness in this day and age while Israeli companies rip you guys off. 😂🤣

rvp2018:
Latest news. Take your meds. The last two days I can see detoriation.

And prepare for BLACKOUT DUMSOR?

Ghana Power Firms Reject Move to Restructure $1.4 Billion Debt
Companies that account for 61% of peak demand may shut plants
Country restructuring debt to win $3 billion IMF bailout

https://www.bloomberg.com/news/articles/2023-03-23/ghana-power-firms-reject-move-to-restructure-1-4-billion-debt?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_content=markets&utm_campaign=socialflow-organic&utm_source=twitter


https://www.wsj.com/articles/ghana-to-restructure-external-debt-as-part-of-imf-deal-11670946636?utm_source=&utm_medium=twitter

Sorry it ain't going to happen

We are not in a bankrupt Kenya.

ECG effectively collected a lot of the debt owed it last week to pay a good portion of the debt it owe.

Next desperate dream 🤣😂

Maybe next year Ghana will start having power problems again because we will be close to 5,000Mw consumption

rvp2018:
Latest news. Take your meds. The last two days I can see detoriation.

And prepare for BLACKOUT DUMSOR?

Ghana Power Firms Reject Move to Restructure $1.4 Billion Debt
Companies that account for 61% of peak demand may shut plants
Country restructuring debt to win $3 billion IMF bailout

https://www.bloomberg.com/news/articles/2023-03-23/ghana-power-firms-reject-move-to-restructure-1-4-billion-debt?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_content=markets&utm_campaign=socialflow-organic&utm_source=twitter


https://www.wsj.com/articles/ghana-to-restructure-external-debt-as-part-of-imf-deal-11670946636?utm_source=&utm_medium=twitter

Sorry it ain't going to happen

We are not in a bankrupt Kenya.

ECG effectively collected a lot of the debt owed it last week to pay a good portion of the debt it owe.

Next dream

gallivant:
https://www.reuters.com/graphics/GHANA-DEBT/zjpqjklwovx/chart.png

Not an issue for Ghana as she can effectively pay it all.

Meanwhile Kenya is in default and completely bankrupt with dollar shortages everywhere.
😂🤣

Default again a get slapped with another fine

gallivant:
Argue with the economic experts...

https://www.myjoyonline.com/wp-content/uploads/2022/11/hanke-akufo-addo.png

Still highly affordable to the ever dusted Ghanaians meanwhile in Kenya, the streets are filled with rocks with several others dead.

I'm sure you were busy demonstrating and throwing rocks because of hunger and high cost of living

rvp2018:
Stop projecting and go talk to you buddies in the list below. Everytime a Ghanian talk macro-economics - I want to literally puke. WHAT ARE YOU SAYING

Fitch Ratings-London-29 March 2023: There have been 14 separate default events since 2020, across nine different sovereigns, a marked increase compared with 19 defaults across 13 different countries between 2000 and 2019, says Fitch Ratings in a new report. A record five Fitch-rated sovereigns are in default: Belarus, Lebanon, Ghana, Sri Lanka and Zambia

Keep projecting to deflect

So far, all of Ghana's creditors have told the world that Ghana is not in default.

gallivant:
Meanwhile in Ghana, inflation is wrecking havoc...

https://pbs.twimg.com/media/FsZl5BJaMAAFmjl.jpg

Ghanaians are not the ones one the street demonstrating hunger.

Ghanaians are fine and can afford it

vaxx:
so it is not only China who has penalized them . Very bad and stubborn debtor

not at all

That's why Ruto spent the last months touring Europe

Kenya again defaulted on loan payment to the US Export and import bank and was penalized by an additional 24 million dollars surcharge.

A useless country 🤣😂

vaxx:
You mean they also borrowed from their domestic market in dollars? This people are actually massage their shillings indeed. Even their local bank don't want to trade buisness in local shillings. Very horrible .

🤣😂

Yes they did and it's highly stupid

Kenya: This country is not a serious one

1) massive external debt
2) money is LEAVING country
3) they rely on USD (!!) REMITTANCES
4) Current acct is extreme negative
5) massive trade imbalance

The sign of disaster

Expect more hunger this year in Kenya especially with dollar selling at 145kshs

A weak shilling has pushed the debt up by another 351 billion shillings... What a shit show

This means Kenya borrowed on the domestic market not in shillings but in dollars as well.

You guys are ready stupid

A horrible debt crisis

How much did they even collect in March to have to send this out

Fourpockets:
Finally, congrats to Kenya after how many years. Nigeria launched her first in the early 2000's

😂🤣😂

rvp2018:
External debt...overvalued naira..will eventually devalue..doubling your External debt. With 10b dollars in revenue you already cant repay debt.States are also choking in their debt.I called out Ghana default years before due to their External debt.Nigeria is heading there

except Ghana hasn't defaulted on any of it external debt.

Meanwhile I called a default for Kenya, years ago and you've been defaulting for 3 years now and now your country is bankrupt with everything put on hold.

Flanker:
Algerian agriculture in the sahara desert


https://www.youtube.com/watch?v=nckP7HNjKQY

One idiot is here saying Kenya is arid as an excuse for hunger in Kenya and Kenya not being able to grow food.


There's even forest in the desert


I reduce it to laziness

New additions


https://www.youtube.com/watch?v=f7Yx85z6-WM

https://www.youtube.com/watch?v=hi63jvpFjR4

Let's take a walk


https://www.youtube.com/watch?v=8HPdaB5x_5s

samorobo:
Lmao 🤣 😂😂

I see what you did there 🤣😂

Kenyans are really desperate

rvp2018:
How can you sell tourism in a place that is insecure - where kidnapping is rampant?

Even Mexico, Iraq, Syria and Pakistan all receive tourists.

That explains why Nigeria made more from tourism than kenya

samorobo:
Nigeria does not give a shiit about tourism,hopefully the next administration takes this into consideration

yeah.. it will be a good idea

samorobo:
Compare your kericho with Gembu Town in plateau state and see how badly you are failing


https://youtube.com/shorts/_yKdbHw79aw?feature=share

Wow that's beautiful

How are you guys not marketing this place?

It gets me to remember a similar place in Norway or Switzerland

Cat Fish farming gone wild

15,000 dollars to 25,000 dollars every month


https://www.youtube.com/watch?v=QH3T4dXsYms

5,000 dollars a week Habenero farm
My young boys are cashing out


https://www.youtube.com/watch?v=YKCjDVg4KEA

rvp2018:
And the idea was found to be idiotic - only Ghana can send kids for six month at home - then bring others. Build schools.

There is no double track nonsense in Kenya.

Yet we have achieved 100% transition of primary kids to secondary - since 2018.

Funny enough we have more schools than Kenya and we build better and larger ones all the time.


No sane country will talk about 100% transition when there are obviously those who will fail and need to resit or be coached into the technical and alternative education

Mkenya2019:
Hobbit, you woke up ready for the fight - did you overdose codein?

Lunatic

Don't be ashamed to result to name calling, it's childish.
I am only calling you on the nonsense you woke up with because what ever you point out to kazi .. Kenya seem to have it worse 🤣😂

That Nairobi roadless video horrified me because the was no drainage and raw sewage was just flowing into the street.

Mkenya2019:
Nairobi, Joburg, capetown has slums.
Accra, Darslum are slums.
How can someone come to Ghana for example and decide where a slum start or ends when it's fully integrated.
Nairobi slum residence are now less than 50% - but they are jam packed in a very small area - 2.5% of Nairobi land mass
Biggest Kibera is mere 2.5 sqm. The rest are tiny - but have 50,000 people per square kilometres.
Kenya slums are illegal settlement in gov forests, river valleys and public reserve land - they will eventually be demolished.
Ghana slums are legal - you wake up and build a slum in your plot.

Go argue with the world bank and UN Habitat

They are the ones who described a huge section to the tune of 70% of Nairobi as slum... And named it the slum Capital of Africa


Accra has not degraded to that level yet

Mkenya2019:
KaziKazi - you have a long way to go - almost all roads in Dar SLUMS are dirt roads.


https://www.youtube.com/watch?v=SLwWZTSQba4

Again
Nairobi is worse,Learn.
I don't expect you to even mention it

Just look at the horrible things you call roads in Nairobi 😂🤣

https://www.youtube.com/watch?v=bKEA-iNOpYA

Mkenya2019:
You own president wont have used Nairobi as North Star.
Dar is like Accra - just slightly better.
Nairobi slums occupy 2.5 percent of the land and 5 percent of built up area - hidden in river valleys and forests.
Dar Slum occupy 95 percent of the land.

Ask KaziKazi to provide you with drone shot of Dar Slums.

It will be like Accra - they will have to show small section of it.

The world bank and UN Habitat says 70% of Nairobi residents live in slums.

So Accra and Nairobi are not similar.


This explains why Ghanaians here can post every part of Accra and not be Afraid unlike Kenyans who can only post a small 2km apart area.

Kenyans shouldn't be talking about slum when such a huge section of Nairobi is slum

Mkenya2019:
Almost the entire city of Dar is a slum.
It is grossly unjust to compare kenya with Tanzania in almost anything.

Isn't Nairobi the same or even worse off 🤣😂

Beautiful Dworwulo and how the boys socialize every night
Business deals are had over football matches


https://www.youtube.com/watch?v=lstdx2ekd9g