Just30:
You really keep showing how backward an education in Kenya is

No wonder your certificates dont take you anywhere

Again, that is the amount of the fund in 2011

Even a simple graph you can't comprehend. How old are you again?

Mehn I'm really more interested with satellite cities such as alaro and tatu city. Huge fan of the work that has been done at tatu.
Alaro city is also going the same way, but it's hard to get videos or photos from the site on the internet unlike at tatu where the team has a drone and lots of quality camera.

I did some diging and this are what I found.
Ariel foods
Kenol
Hmd have built or almost finished their factories.
With lots more like rungas etc about to start.

It's the Level of agriculture and infrastructural development that determines which country is more developed

Mkenya2019:
You're not very smart. The best mix of debt is actually 50:50 or more or less like kenya is now doing. The moment you borrow more from domestic market; you crowd out the private sector; because all the banks and such funds; will simply lend to gov; which will never default and is almost risk free money.

What Nigeria is doing is therefore crazy - because you're enriching bankers - and leaving the rest of Nigeria paupers. That is why poverty in Nigeria is increasing at such rate you will not lose the poverty capital anytime soon.

The avergae Nigeria interest is 30 percent - because why would the banks lend to Nigerians...when it can simply lend to it's broke gov.

Let us just say there is NO SINGLE day Nigeria will teach kenya anything.

Leave alone in prudent financial management. Impossible. Ghana is exposing itself to exogonious risks (forex and interest rate) while Nigeria the other monkey is swingly wildly killing it's private sector.

Nigeria for it's cooked economy should be borrowing 150B externally and another 150B externally - and using it to invest in Nigeria.

You country look 3rd world....I saw this guy who drove from Lagos to Camerron border--- I was thinking that would be the nice part of Nigeria - it pathetic

In fact I am going to check how much your banks lend to private sector and individuals . I was surprised last year when I saw Central Bank of Nigeria is lending money to rice farmers...that is clue that something is wrong with your banks.

Probably the most senseless post on nairaland.

I stopped reading at the first paragraph where you said foreign debts are safer than domestic debts. All because you are drunk on foreign debts. The exchange rate volatility makes foreign debts risky. Any good student of economics will tell you that.

People like you are the reason the IMF has your government in its back pocket.

Mkenya2019:
Good reading for Obaboon - in summary Nigeria is aim to become Kenya in 2050 like |Ghana
https://www.dmo.gov.ng/publications/other-publications/debt-management-strategy/3163-nigeria-s-debt-management-strategy-2020-2023-draft/file

DMO office - trying to fix the mess.

4.0 Objectives of the Debt Management Strategy, 2020-2023
The Objectives which were the drivers of the DMS, 2020-2023 were:
i. Borrowing from External and Domestic sources will be in line with the Funding Structure
for New Borrowings in the MTEF, 2020-2023 and Appropriation Acts;
ii. Reducing the cost of Debt Service, as measured by the ratio of Interest Payments-toRevenue ratio. The Strategy recognises that the achievement of this objective, depends
on significant increase in the Government’s revenue;
iii. Moderating the level of Debt-related Risks namely Refinancing and Foreign Exchange
Risks.
iv . Maximizing funds available to Nigeria from Multilateral and Bilateral sources in order to
access cheaper and long tenored funds, whilst taking cognisance of the limited funding
envelopes available to Nigeria, due to Nigeria’s classification as a Lower-Middle-Income
country;
v. Ensure Debt Sustainability, as measured by the Debt to GDP ratio, (which should be
within the WB/IMF’s recommended threshold of 55 percent), and Interest Payment to
Revenue Ratios;
vi. Sustaining the issuances of longer-tenored debt instruments in both the domestic debt
market and International Financial Markets; and,
vii. Introduction of new debt instruments (possibly Inflation-Linked Bonds and
Infrastructure Bonds) to meet the needs of investors, thereby increasing the ability of
FGN to raise funds and to deepen the Domestic Capital Market.

Another senseless post.
You even started with name calling. I stopped reading at that point. You're really pained by all this debt talk.

Kenya should learn to manage its backbreaking debt like Nigeria has done. You have a lot to learn from us.

How can the IMF pocket Uhuru like a monkey? You will soon go back to being a Hipc like you were up to year 2000.

Debt due for repayment this year 2021.

Kenya has less than $1.5bn, and it's already begging for debt rescheduling because China caused covid
like someone said.
Broke Little India.

AfriqueDuZuid:


it that it?


TATU CITY?

The much hyped Tatu city? Hmmm underwhelming

it's a satellite city. Not a mega city.
And it's fucking perfect.
Most of the United state is like this.

PROVERBZ:
it's a satellite city. Not a mega city.
And it's fucking perfect.
Most of the United state is like this.

Nonsense!!! U can’t compare Alaro with Tati-go check again ,alaro is a mixed used development compriof a business district,residential,retail services,hospitals-basically e wey single thing u get in a functioning city- Tatu on the other hand is just a mere housing estate with a few factories.shikena.

PROVERBZ:
Mehn I'm really more interested with satellite cities such as alaro and tatu city. Huge fan of the work that has been done at tatu.
Alaro city is also going the same way, but it's hard to get videos or photos from the site on the internet unlike at tatu where the team has a drone and lots of quality camera.

I did some diging and this are what I found.
Ariel foods
Kenol
Hmd have built or almost finished their factories.
With lots more like rungas etc about to start.

Oh pls this thing don dey vex me.comparing alaro to tatu is like say and night-Gawd forbid that alaro will go the tatu way- that is wishing us more estate to the numerous ones we have-

U don’t have to sound too soft so they can accept what ever u are pitching.

PROVERBZ:
it's a satellite city. Not a mega city.
And it's fucking perfect.
Most of the United state is like this.

Lol my shock here is not that its a satellite city/town

The amont of hype given towards it left me underwhelmed when i saw it, i expected someone better to what i saw.

Again don't justify it by referencing the US, that's day and night comparison

AfriqueDuZuid:


Lol my shock here is not that its a satellite city/town

The amont of hype given towards it left me underwhelmed when i saw it, i expected someone better to what i saw.

Again don't justify it by referencing the US, that's day and night comparison

Who asked for your opinion? Were you the one being addressed?

Saddamochieng00:


Who asked for your opinion? Were you the one being addressed?

Stfu this public platform.no damn person made u a police of this thread.

Misery loves company.
You wish kenya was broke like Nigeria. Please look for Ethiopia - that is one struggling right now - and is certainly defaulting. Or Ghana bossom buddies Zambia and your boko haram neighour Chad.
Kenya continue to collect more taxes than pre-covid.
Debt repayment has resumed - after six month hiatus.
https://www.bloomberg.com/news/articles/2021-07-31/kenya-resumes-china-debt-repayment-with-761-million-remittance

obaaderemi:
Debt due for repayment this year 2021.

Kenya has less than $1.5bn, and it's already begging for debt rescheduling because China caused covid
like someone said.
Broke Little India.

Ghana will soon be where Zambia is - with their Eurobond

Zambia, which has been in default since November last year after the coronavirus pandemic added to its long-running debt problem, has made little progress under the G20 framework ahead of elections in August.

If you bothered to read the report from your own DMO - you'd have understood that borrowing 85 percent from the domestic market - is completely crowding our private and household borrowing. In short, you banksters are making serious money doing nothing. While poverty in your country has by now exceeded 100M people.

Kenya has never defaulted.
Kenya has never been part of HIPC

Kenya, Laos, Liberia, Malawi, Somalia, and Sudan have never received a concessional rescheduling from the Paris Club.
https://www.imf.org/external/np/hipc/cost4/index.htm

Kenya was an LDC until 2013/2014 when it became Low Middle Income Country.

Now we are half way to become High/Upper Middle Income Country - which we hit before 2030 when our nominal GDP per capita will hit 4000usd.

obaaderemi:
Another senseless post.
You even started with name calling. I stopped reading at that point. You're really pained by all this debt talk.

Kenya should learn to manage its backbreaking debt like Nigeria has done. You have a lot to learn from us.

How can the IMF pocket Uhuru like a monkey? You will soon go back to being a Hipc like you were up to year 2000.

Both domestic and external debt have cons and prons.
You need to get the right mix;
And even within that domestic or external debt; you need to get the right mix.

External debt - exposes the country to exogenous risk (forex risks) - and if commercial (flexible interest rate risks).

Borrowing internally - kills the private sector - because they cannot compete with risk-free gov bonds - that is why Nigeria interest rate for borrowing is 30 percent - and poverty is endemic.

Most domestic borrowing comes from banks, insurance and pension funds - you take too much of that - you kill private sector, local investment and stunt the economy.

That is where Nigeria is. TINY private sector. Zero tax collection. Poverty.

Ghana seems to be like kenya with right mix of 50:50; the problem with Ghana; they have taken a huge chunk of dangerous Eurobond (commercial foreign loan) - if their interest rate rises from 10 percent now to Zambia 17 percent - and if their Cedis depreciate against the dollar - they WILL DEFAULT - leading to another lost decade to clean such kind of a gigantic mess.

obaaderemi:
Probably the most senseless post on nairaland.

I stopped reading at the first paragraph where you said foreign debts are safer than domestic debts. All because you are drunk on foreign debts. The exchange rate volatility makes foreign debts risky. Any good student of economics will tell you that.

People like you are the reason the IMF has your government in its back pocket.

Vlain:

Stfu this public platform.no damn person made u a police of this thread.

Stop defending your husband and let him speak for himself.

[s]

Mkenya2019:
Ghana will soon be where Zambia is - with their Eurobond

Zambia, which has been in default since November last year after the coronavirus pandemic added to its long-running debt problem, has made little progress under the G20 framework ahead of elections in August.

[/s]

Second Niger Bridge project (Almost completed )
6-lanes, The first phase of the Second Niger Bridge project is the Bridge and about 10km of Highway, as well as an Interchange and a Toll Station; the remaining length of highway will I believe be completed as a second phase.
1.6 km (0.99 mi) long and furnished with other ancillary infrastructure including a 10.3 km (6.4 mi) highway, Owerri interchange and a toll station all at Obosi city, expected to be completed in the year 2022

All coming along nicely, financed by the Presidential Infrastructure Development Fund (PIDF) that President Buhari established in 2018, with $650m in seed funding, to deliver on critical road projects across the country.

Vlain:


Nonsense!!! U can’t compare Alaro with Tati-go check again ,alaro is a mixed used development compriof a business district,residential,retail services,hospitals-basically e wey single thing u get in a functioning city- Tatu on the other hand is just a mere housing estate with a few factories.shikena.

tatu city and alaro city are one and the same.
Infact the people in charge of alaro had to travel to tatu city to copy the model and replicate it over here.
U might say that alaro has an overall edge of being located at the lekki free trade zone.
Everything u mentioned about alaro city is what tatu also is. Infact is so similar that some companies have same thing planned in the two cities. Companies such as universal homes, Ariel food,nova pioneer etc

The Second Niger Bridge was first proposed during the 1978/79

68816419:
Second Niger Bridge project (Almost completed )
6-lanes, The first phase of the Second Niger Bridge project is the Bridge and about 10km of Highway, as well as an Interchange and a Toll Station; the remaining length of highway will I believe be completed as a second phase.
1.6 km (0.99 mi) long and furnished with other ancillary infrastructure including a 10.3 km (6.4 mi) highway, Owerri interchange and a toll station all at Obosi city, expected to be completed in the year 2022

All coming along nicely, financed by the Presidential Infrastructure Development Fund (PIDF) that President Buhari established in 2018, with $650m in seed funding, to deliver on critical road projects across the country.

PROVERBZ:
tatu city and alaro city are one and the same.
Infact the people in charge of alaro had to travel to tatu city to copy the model and replicate it over here.
U might say that alaro has an overall edge of being located at the lekki free trade zone.
Everything u mentioned about alaro city is what tatu also is. Infact is so similar that some companies have same thing planned in the two cities. Companies such as universal homes, Ariel food,nova pioneer etc

Don't mind the guy, he's just too emotional to look at the facts.

Alaro, Tatu and Apolonia are all by the same developer - Russian Rendeavour - part of Moscow's Renaissance Capital. Only Tatu city seems to be going on well. Alaro and Apolonia are not doing well. Tatu city 2,500 is already all sold out. Now they are selling the next 2,500.

PROVERBZ:
tatu city and alaro city are one and the same.
Infact the people in charge of alaro had to travel to tatu city to copy the model and replicate it over here.
U might say that alaro has an overall edge of being located at the lekki free trade zone.
Everything u mentioned about alaro city is what tatu also is. Infact is so similar that some companies have same thing planned in the two cities. Companies such as universal homes, Ariel food,nova pioneer etc

Wait sef

Do this Kenya guys live on this thread?

Bro you must be new here don't you know arguing here is a national achievement for kenyans? Let a Swiss man join this thread they will find a way to compare themselves to Switzerland. My advice to you is to catch your trips and leave them to wallow in their joblessness.

theTranscriber:
Wait sef

Do this Kenya guys live on this thread?

Mkenya2019:
Alaro, Tatu and Apolonia are all by the same developer - Russian Rendeavour - part of Moscow's Renaissance Capital. Only Tatu city seems to be going on well. Alaro and Apolonia are not doing well. Tatu city 2,500 is already all sold out. Now they are selling the next 2,500.

actually alaro city is going too well.
Tatu city started about 2014 with over 60 companies penned down and about 20 have already constructed.

Alaro started 2019 over 40 penned down and about 4 being constructed. Appolonia not doing to well industrially, but they have cheap housing and data collection center.

chrisooblog:
Bro you must be new here don't you know arguing here is a national achievement for kenyans? Let a Swiss man join this thread they will find a way to compare themselves to Switzerland. M[b]y advice to you is to catch your trips and leave them to wallow in their joblessness.[/b]

me sef don leave matter for mathias.

Tatu phase 1 is sold. Industrial park of nearly 450 acres sold. Phase 2 is selling now and construction has started. Phase 1 industrial park alone has seen almost 1B dollars investment.

PROVERBZ:
actually alaro city is going too well.
Tatu city started about 2014 with over 60 companies penned down and about 20 have already constructed.

Alaro started 2019 over 40 penned down and about 4 being constructed. Appolonia not doing to well industrially, but they have cheap housing and data collection center.

Saddamochieng00:


Who asked for your opinion? Were you the one being addressed?

The guy who quoted

He wanted my opinion i have, so is my opinion so true you can't diggest?

Mkenya2019:
Tatu phase 1 is sold. Industrial park of nearly 450 acres sold. Phase 2 is selling now and construction has started. Phase 1 industrial park alone has seen almost 1B dollars investment.

Which are the 60 companies coming/signed at Tatu?

Give a list please

You can search with Google.

"Currently at Tatu City, more than 60 businesses have opened or started development, 5,000 homes are completed or under construction and two schools – Crawford International and Nova Pioneer – educate more than 3,000 students daily."

AfriqueDuZuid:


Which are the 60 companies coming/signed at Tatu?

Give a list please

PROVERBZ:
tatu city and alaro city are one and the same.
Infact the people in charge of alaro had to travel to tatu city to copy the model and replicate it over here.
U might say that alaro has an overall edge of being located at the lekki free trade zone.
Everything u mentioned about alaro city is what tatu also is. Infact is so similar that some companies have same thing planned in the two cities. Companies such as universal homes, Ariel food,nova pioneer etc

U can say they are similarities like universal home and industries but that’s just it.
Alaro is aimed at being a mixed used development with a high density business district,tatu is not. Tatu is yet again another mere estate entering into the collection of Kenya’s crappy estate.