₦airaland Forum

rvp2018:
This was 1999 - you were 30 percent dependant on Aid.
I bet nothing much has change.

Only Rwanda after it was frozen from donor funding few years ago have agressively improve domestic revenue generation and are now self -sufficent.

Ghana the IMF colony with George Walker Bush I bet still budget donor funding.

obaaderemi:
You are hurting hence the insults. How much of your budget is aid? Not to talk of borrowing.

Mkenya2019:
Nairobi non-motorized transport improvement continues into estates

Kenya Urban Roads Authority - Improvement of roads in Kileleshwa, We have constructed walkways and improved existing carriage ways along 15 Roads totalling to 8 Kilometers.

vankelvin:
I was just telling a friend that I don't have pity for those people. All attempts to prevent them from developing the land fell on dead ears. I don't pray for the worst to happen but the day one of the dam gate will break they will regret ever disobeying authorities.

Mkenya2019:
Tortured argument. If it's managed or pegged - then what purpose would quoting in dollars do - it make no sense. Kshs stability mean nobody is worried of it's value depreciating overnight like Cedis. You have a big problem. Goodnight for now.

Mkenya2019:
KSHs has been free floating for 30yrs. IMF were recently confounded by it's strength and called it managed something. Ghana you have cedis problem and everything is quoted in dollars - maybe the boiled eggs that seem ubiquitous in all your food is comfortably sold in Cedis.

Mkenya2019:
I'd worry more about open defacation and cholera epidemics in the most dirty city in Africa - Accra. When it flood - imagine all those soakpits and cesspits flooding the whole city. Only Accra CBD has a sewage system.

Mkenya2019:
It's almost illegal in Kenya to quote anything in dollars or foreign currency - everything is sold in Kshs - we dont have dollarized economy like you do - because no sane person can trust CEDIS. Kshs has been one of Africa most stable currency - bar six months of 1993.

Mkenya2019:
I trust Bloomerg and Reuters more

Mkenya2019:
Even if you re-dominated every week to dollar; it will still find it bottom; until it again become 50,000 cedis to a dollar. It's cousin the Kwacha is waiting for it. Cedis has to find it's base - 50,000 cedis to a dollar. Soon you will need a wheelbarrow to carry cedis to buy bread.

KSHS since 1963 has never been re-dominated.

It was 20shs to a dollar/pound in 1990 - then we had inflation problem in 1993 - that took it 65 - then we reigned in to 40-50 - then eventually to 60-70 - then all these years - we just got to 120shs - and it will pull back to 100-110 after this crisis.

Mkenya2019:
Address urgent matters 1) soverign default 2) 40 percent fall of CEDIS - KQ will be back to profitability in 2yrs. It has used the crisis to fix staff costs.

Mkenya2019:
Yeap look like CEDIS is on course to be worst performing currency - approaching 10 cedis to a dollar : 40 percent depreciation;

Bloomberg had earlier stated that the cedi lost 40.05% in value to the US dollar in nine months of 2022, ranking it as the second worst-performing currency in the world in the 147th position.

Mkenya2019:
How long has it taken Ghana to recover from Kwame Nkrumah bankruptcy of 1962. Forever. Your CEDIS remain unstable and untrusted. Recovery is very very hard. KQ is very lucky to be still flying. Kenya has tried to have national carrier since 1963 - and we are still on air - flying the Pride of Africa. Ghana Airways was last seen on the radar when USSR was a super power

If you default now - be assured - you will die when Ghana will still be battling with effect of such a bankruptcy. Whatever you do - dont default. Give each bond holder a gold bar and some chocolate.

Mkenya2019:
https://www.businessdailyafrica.com/bd/corporate/companies/kq-back-to-price-hedging-after-costly-gamble-2207872
Kenya Airways has announced plans to restart fuel price hedging by the end of the year, two years after a wrong gamble played a big part in wrecking its bottom lines and forcing it to seek taxpayer bailout.

Two years ago, when the airline tried such a bet – which is regarded as an international best practice in the airline industry – prices took a downward trend, contributing immensely to a monumental Sh26 billion loss that the national carrier booked.


It has never recovered from that dent

Mkenya2019:
Oil futures. Airlines is 40-50% fuel cost wise. Airlines tries to buy future oil contracts when it's low. Fuel HEDGING. When oil keep rising - those with future contracts enjoy low prices - if oil drops - you continue buying oil at higher prices. This whole aviation business is too complicated for you. You tell your gov to negotiate for bankruptcy with your bond holders.

Your worried about an airline making 1B dollars in revenue - while your gov is about to default on soverign loans.

Mkenya2019:
Once it's profitable the gov will exit KQ. This is not first time. Btw 1977 and 1999 KQ was parastal and flying. KLM bought 40% - and other public 35% - Kenya gov shareholding went down to 20%. KQ enjoyed more than decade of profitability until it made one huge mistake on fuel futures...predicting high of 140 dollars per barrel...then suddenly Oil tanked ..and gov has comeback to re-invest in it. When it back to profitability soon - GoK will exit again by privatizing it. The new owners will pay gov investment.

KQ has had 10 bad news thanks mostly to bad bet on oil - just like Nigeria has had 10 bad years because of being hooked to Oil.

rvp2018:
Airlines are strategic assets for a functioning country. Besides GoK spend billions in travel - as civil servants have to travel - so that kind of cost - aint going away. What is percentage of Ghana gov money that goes to foreign airlines alone.

rvp2018:
Few airlines make profit. KQ is flying. Nigeria Airways has been bitting the dust since most of you were not yet born. KQ generates more than a billion in revenues annually. It own subsidiaries that make money like JamboJet, Precision Air,. It transport more than 2 million passengers annually and tonnes of cargo.

10yrs ago - Ethiopia Airline was not making profit - KQ was making profit.

Wuoche:
Kenya's Hospitality industry.

rvp2018:
Nonetheless the Brits will blame him, Ghanians and all black people for messing their economy.

rvp2018:
Just40 and other Ghanians - Can you tell Kwarteng in Twi language to go slow - in revenging the Golden Stool 76Billion dollar scandal. He is literally crashing the British economy.

rvp2018:
What exactly is wrong with Maasai housing? Maasai dont have jiggers, they are lean, and etc.
They take their kids to school.
They live their own peaceful live.

rvp2018:
Once you stop wearing that unmodern clothing the Maasai will also wear British suits, live in modern British houses, eat modern British Breakfast and retire to modern British beds.

For now - they have chosen on their free will - to live that way. So have many kenyans. Others of course live in slums - but some have chosen to live in those mud houses.

Maasai for example have so many cattle - they can sell three bulls - and build a modern house - but they dont.

rvp2018:
What wrong with Africa hut or Maasai Manyatta. Cow urine eradicate jiggers . These very cultured people. In place like Turkana or NEP - they dont even need to build anything; they can get a tent ; it too hot

Maasai construct mud roofed house; mud walled; they never have jiggers or anything; they dont need ACS or fans despite living in semi-arid areas; they dont need blankets at night;

Very ecological dwelling if you get over the cow urine smell that they apply to keep flies and fleas out.


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

rvp2018:
It's more cultural and apt for enviroment - it's not cold like cement - I guess you draw the cultural line in clothing?

rvp2018:
70% of kenya is rural.

rvp2018:
There are lots of controls to ensure we got the census right including household surveys way before the census; we dont want a Nigeria where everyone inflate their figures to get more federal allocations.

rvp2018:
When you claim there are 60million kenyans - after we spent 200M dollars counting only 47.5m - then you can only be a mad cow.

rvp2018:
When you claim there are 60million kenyans - after we spent 200M dollars counting only 47.5m - then you can only be a mad cow.