Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) - Foreign Affairs (9822) - Nairaland
Nairaland Forum › Nairaland General › Politics › Foreign Affairs › Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (8330406 Views)
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx: 5:55am On Apr 23, 2021 |
This is how China started ......more jobs for the youth. Hyundai, KIA to establish assembly plants in Ghana in 2022 South Korean Automobile giants, Hyundai and Kia are the latest to announce their intentions to set up assembling plants in the country by the end of next year 2022. This follows the Ghana Automotive Development Programme which is being led by the Ghanaian government and some global players. Minister for Trade and Industry, Alan Kyerematen announced this to the German Corporation and other diplomats from the German Embassy at a meeting with the ministry. 4 Likes 2 Shares
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2018: 5:59am On Apr 23, 2021 |
Under Affordable Housing Project - Mombasa is build 60m dollars Buxton estate. 1 Like
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2018: 6:00am On Apr 23, 2021 |
Good. Better than Kantanka badged Chinese cars. vaxx: |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx: 6:03am On Apr 23, 2021 |
Just30:is it the same as the one discovered in the tatale -sanguli district? 1 Like |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp2018: 6:14am On Apr 23, 2021 |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by AfriqueDuZuid: 7:34am On Apr 23, 2021 |
New Amazon Africa headquarters to be based at Cape Town’s River Club development[i][/i] New Amazon Africa headquarters to be based at Cape Town’s River Club development Global retail giant Amazon will be the anchor tenant in the new R4 billion River Club development in Cape Town. The City of Cape Town has recently given the go-ahead for the River Club mixed-use development, which will be the new home of retail giant Amazon in Africa. The development design will create 150,000 square meters of mixed-use space, which will be divided into commercial and housing uses across two precincts. The River Club development will feature 59,600 square meters of office space, 20,700 square meters of retail space, an 8,200 square meter hotel, and a 4,100 square meter gym. The new precinct will include restaurants, conferencing, a school, and events space. The City of Cape Town said US retail giant, Amazon will be the anchor tenant at River Club by opening a base for its operations on the African continent here. The development is envisaged to take place in phases, with construction set to take place over three to five years. The development of the first precinct includes mixed used and a floor space of approximately 60,000 square meters. The second precinct will house the Amazon headquarters, which includes around 70,000 square meters of floor space. Cape Town executive mayor Dan Plato said the new River Club development offers many economic, social, and environmental benefits for the area. “We are committed to driving investment to revitalise the economy, which is slowly recovering following the impact of Covid-19,” said Plato.
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by kkins25(m): 8:05am On Apr 23, 2021 |
vaxx:after glancing through the report on Nigerias insecurities by the US. I now know, my risk of changing country paid off. 2 Likes 2 Shares |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 8:52am On Apr 23, 2021 |
vaxx:it include that one too and other discoveries in the Volta region 2 Likes 2 Shares |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by 68816419: 10:26am On Apr 23, 2021 |
kkins25:A bastard will remain a bastard, jews never changed their nationality when they were attacked by Adolf Hitler, Japanese never did that , Chinese never did that only bastards does that.. |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by theenchanter: 10:39am On Apr 23, 2021 |
68816419:bobo, calm down  u don't know him nor anything about him that prompted his decision.U shouldn't be harsh on people and their decisions.  |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 11:06am On Apr 23, 2021 |
Latest report. 2 Likes
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 12:06pm On Apr 23, 2021 |
The 22,000 acres DAWA Industrial City is already being filled. All the new Pharmaceuticals manufacturers are setting the plants there. https://www.youtube.com/watch?v=DaAtW9E6N94 2 Likes |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 12:31pm On Apr 23, 2021 |
Vehicle assemblers raise output 50 percent in Q1 TUESDAY APRIL 20 2021 SUMMARY Data from the Kenya Motor Industry Association (KMI) shows that the formal dealers including Isuzu East Africa, Toyota Kenya and DT Dobie assembled a total of 1,979 units in the review period compared to 1,319 units a year earlier. Overall new vehicle sales stood at 2,867 in the review period, with an increasingly larger share of them being put together locally, led by trucks. The number of motor vehicles assembled locally jumped 50 percent in the first quarter ended March to account for 69 percent of all new auto sales. Data from the Kenya Motor Industry Association (KMI) shows that the formal dealers including Isuzu East Africa, Toyota Kenya and DT Dobie assembled a total of 1,979 units in the review period compared to 1,319 units a year earlier. Overall new vehicle sales stood at 2,867 in the review period, with an increasingly larger share of them being put together locally, led by trucks. Most of the vehicles are assembled at plants such as Isuzu, Kenya Vehicle Manufacturers (KVM) and Associated Vehicle Assemblers (AVA) and are sold in the local market. A small fraction of the production is exported to neighbouring markets like Uganda. Assemblers enjoy an exemption from 25 percent import duty on completely knocked down (CKD) parts headed to assembly lines. The policy is aimed at boosting manufacturing jobs besides enhancing skills transfer. The incentive has mostly benefitted the commercial vehicle segment –pick-ups, buses and trucks that are bought by the government and businesses. Most passenger cars are imported fully-built new or used from overseas due to lack of local assembly of many models besides a preference for cheaper second-hand units. Local assemblers now produce nearly 20 models including buses, trucks, pick-ups and passenger cars such as Peugeot 3008 (SUV) and 508 (sedan). Production and sales numbers of Peugeot are, however, not reported by the local franchise holder Urysia Limited. Isuzu, the largest assembler, produced 1,144 of its namesake vehicles in the review period, representing a 49.7 percent rise from 764 the year before. It was followed by Simba Corporation which assembled 377 of Mitsubishi, Mahindra and Proton passenger cars and commercial vehicles, a 37.5 percent increase compared to 274 a year earlier. The dealer assembled seven units of the budget Malaysian car Proton which it introduced in the market in February this year at prices starting from Sh1 million. The Proton cars are being assembled at the dealer’s AVA plant in Mombasa. Toyota Kenya’s assembly production across its namesake and Hino models stood at 313, an 86.3 percent jump from 168. Assemblers of commercial vehicles got a further boost in 2019 when the government introduced a ban on imports of used trucks with load capacities of 3.5 tonnes and above. |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gezaulole: 12:38pm On Apr 23, 2021 |
gallivant:I am official a member of Nairaland, I have come here to mute all Kunyans! 1 Like |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gezaulole: 12:43pm On Apr 23, 2021 |
Kenya beats Nigeria only on hunger! 60 years of independent Kenya https://www.theeastafrican.co.ke/tea/news/east-africa/kenyans-facing-hunger-3345774 3 Likes |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by AfriqueDuZuid: 1:03pm On Apr 23, 2021 |
Wuoche:
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx: 1:34pm On Apr 23, 2021 |
hear from the Kenya themselves. Ghana journey well than Kenya.... https://www.youtube.com/watch?v=3VOSklPAJCs 3 Likes |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 1:48pm On Apr 23, 2021 |
[quote author=AfriqueDuZuid post=101049798][/quote]There are two reports, one by World Wealth and the other by Knight Frank.
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by AfriqueDuZuid: 2:19pm On Apr 23, 2021 |
Wuoche:I want desputing I was adding to what you posted |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 2:24pm On Apr 23, 2021 |
AfriqueDuZuid:Why are you so insecure? I was only adding the presentation of what you posted in writing. |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 2:32pm On Apr 23, 2021 |
Wuoche:Nairobi can only be behind jorburg and Capetown in south Africa, this report is biased. They decided to play with figures and combined two cities so as to appear ahead of Nairobi ? This is bullshit. The combination of those two cities Durban and umhlanga can never rival Nairobi. |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 2:35pm On Apr 23, 2021 |
Wuoche:Thanks bro, knight frank is now the real deal. I really suspect the other source which combines South African cities and rank them together has a thing to do with South Africa. Knight Frank is the real deal.
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 2:35pm On Apr 23, 2021 |
AfriqueDuZuid:See how the gap between Lagos and Nairobi is rapidly decreasing in terms of wealth. In the first table Nairobi has 6,000 people in the 1 dollar millionaires categories while Lagos have 5,000. In the category of 10M dollar Millionaires, Nairobi have 250 while Lagos have 260. Overall Nairobi is wealthier than Lagos and that's why Knight Frank ranked Nairobi ahead of Lagos. 1 Like
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 2:42pm On Apr 23, 2021 |
Shma2020:Both reports are just fine, what Knight Frank has done is generalization. If you look at the first table Nairobi has more millionaires than Lagos even though Lagos is on top and Cairo also has more millionaires than Cape Town but Cape Town is above it. I think what Knight Frank has done in their report is generalization and that's why Nairobi is ahead of Lagos and Cairo ahead of Cape Town
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 2:46pm On Apr 23, 2021 |
Shma2020:See the gap between Abuja and Mombasa. Abuja has 600 people in the $1M category Mombasa has 800 people, in the $10M category Abuja has 30 people Mombasa has 40. The hype that Nigerians have been to Abuja you could think Abuja is not in Africa 1 Like 1 Share
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| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 2:49pm On Apr 23, 2021 |
Wuoche:The issue is not even about Lagos but Durban and umhlanga. Do you think those two cities are one? And if no, how comes they combined their Total wealth? Something is being cooked somewhere. I know the stats are correct but combining two cities to file stats is baseless. They should also combine Nairobi and Kiambu if that is the thing 1 Like |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by theenchanter: 2:57pm On Apr 23, 2021 |
Wuoche:ranks like this work with local currency converted to the american dollar ($). It's almost impossible for a nation with deliberate weakened currency to be above another currency with a strong currency. That's the case with Nigeria in those ranks. 1 Like |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by theenchanter: 3:00pm On Apr 23, 2021 |
Shma2020:but I thought umhlanga is in durban, something like sandton in jobourg, Eko atlantic in lagos and so on... Guess they choose to put the two together in order to make us understand better. |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 3:12pm On Apr 23, 2021 |
theenchanter:Umhlanga boarders Northern Durban and its utterly separate in the far end of Durban. Nairobi too links Kiambu and we can't all suddenly say that Kiambu is in Nairobi, same way some part of kajiado like rongai are linked to Nairobi. But anyway, if umhlanga is indeed inside Durban, whey then did they decided to place them as two cities "Durban & umhlanga" contrary to the case of jorburg and Lagos?  |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by kikuyu2: 3:16pm On Apr 23, 2021 |
rvp2018:Speaking of which most homes even in big towns believe it or NOT don't have toilets! Google Kumasi takeaway toilet - make sure you're seated! |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by theenchanter: 3:17pm On Apr 23, 2021 |
Shma2020:umhlanga is in durban.. maybe most of the millionaires and billionaires in durban resides in umhlanga is the reason they put the two together. That's my opinion. |
| Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Wuoche: 3:21pm On Apr 23, 2021 |
theenchanter:But Majority of Nigerians don't use Naira to store their wealth. Omokanye/Bloomberg Economics Nigerians Shun Naira for Foreign Currencies to Store Wealth By Emele Onu April 22, 2021, 7:00 AM GMT+3 Updated on April 22, 2021, 6:17 PM GMT+3 Report links currency substitution to Nigeria naira volatility Nigerians’ use of dollars exceeds IMF’s 30% threshold Nigerians have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation, according to a research paper in a journal published by the Central Bank of Nigeria. “Higher real-exchange rate volatility is associated with an increased level of currency substitution,” central bank economists including Isaiah Ajibola, Sylvanus Udoette, Rabia Muhammad and John Anigwe said in the paper available on the central bank’s website. There is a need to contain “exchange-rate volatility and inflation as a way of curbing the spate of currency substitution in the country,” they said. One measure of currency substitution, the ratio of foreign cash deposits to naira deposits on demand in the banks exceeded the International Monetary Fund’s 30% threshold from 2009 following the global financial crisis, the researchers said. It hit a peak of 98.2% in 2014 before declining to 83% in 2018. A broader measure of foreign currency in banks to naira savings, demand and term deposits, stayed largely within the IMF limit over the study period from 1995 to 2018. Africa’s largest economy devalued the local unit twice last year after a crash in the oil price triggered by the coronavirus pandemic hampered revenues. While crude contributes less than 10% to the country’s gross domestic product, it accounts for nearly all foreign-exchange earnings and half of government revenue in the continent’s biggest producer of the commodity. The naira has lost 66% of its value since 2009 when it exchanged at 149 naira to the dollar. The unit was little-changed at 409.21 naira per dollar at the spot market as of 4:02 p.m. in Lagos on Thursday. Nigeria’s inflation quickened to the highest level in four years in March and is now more than double the 9% limit of the central bank’s target range. The central bank previously issued a warning to merchants to stop offering local goods in foreign currency and also banned the practice of accessing the foreign-exchange market for settling domestic transactions. “The key policy implication of currency substitution is that it reduces monetary policy effectiveness,” the researchers said. “Efforts to further diversify the economy should be of paramount interest to boost the base for foreign-exchange earnings.” |
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