₦airaland Forum

AfriqueDuZuid:
Value of combined matters

He is lying.

rvp20182:
Are we talking about the same Prof Charles Soludo that the world acclaimed economist Dr Ngozi described as the worst central bank governor. Yes CBN is independent - but not from Treasury or Finance Ministry. It's foremost the treasury bank. How can it be independent of it's main and only customer in most countries.

I am sure you quickly ran to the internet to read all you could about Soludo. If you had read well, you would have seen Ngozi saying Soludo was responsible for the consolidation of Nigeria's banking sector. Again, you proved your ignorance about the different roles of the finance ministry and central bank. You are a functional illiterate. Ngozi didn't consolidate Nigeria's banking sector, that was the job of Soludo, the CBN governor. And Ngozi attacking him was political. Ngozi was just defending Goodluck Jonathan. Don't just read news about other places and pretend you understand what's going on.

rvp20182:
The question is why were bank consolidated during Ngozi time - because it was part of debt clean up and financial reforms that she undertook with Paris Club.It is not a coincidence that Nigeria bank consolidation happened in 2005.

It was all about Obasanjo and Soludo who was Obasanjo's economic adviser even before becoming CBN governor. Obasanjo was the president at the time. He hated the idea that Nigeria was owing so much. Against all advise, he stubbornly went ahead and cleared the debt. That's why we have less debt than Kenya today and not begging left and right for debt repayment reschedule like you little Indians.

rvp20182:
As for kenyan banks - they are not bankrupt and going down with depositor moneys - they are naturally consolidating - that is why as we speak Equity right now has 11B dollars (should be top 4 in NIgeria) - and will be 25B dollars by 2024 - beating any Nigeria banks.

Kenyan banks have traditional been very small and insignificant in the whole scheme of things in Africa. The big boys are South African, Nigerian and Egyptian banks. Equity Bank your biggest bank is smaller than First Bank our 5th bank by total assets.

rvp20182:
Again banking sector in kenya is 50 b dollars worth in asset - Nigeri is 100B - despite the 4 times population difference - therefore per capita kenya banks are twice bigger if you factor that proportion.

Stop comparing banks between Nigeria and Kenya. You will keep losing. Your total assets is $45bn, less than half of Nigeria's. So where is the basis for comparison?
We own banks in Kenya, so some of that $45bn actually belong to us. Access bank Nigeria just bought banks in Kenya, Zambia, Mozambique and elsewhere. Where are your timid banks. In banking you have a lot to learn from Nigeria. The same way you can learn from us in debt management. If you would only stop talking too much like a stvpid parrot.

rvp20182:
Private sector - stock exchange is good indicator - but the only indicator. I have given you a sure way - corporate taxes - both Nigeria and Kenya charge the same 30 percent. You expect compliance at that level - private sector to be high. We can argue about MSME -

Corporate taxes are not a sure indicator. Informal sector is also a part of private sector, even bigger than formal sector especially here in Africa.
In economy, there is absolutely little to compare between Nigeria and Kenya. I would rather compare Kenya and Lagos.

obaaderemi:
Nigeria 14 Kenya 1.
Count again and show us your link.
https://www.relbanks.com/rankings/top-banks-in-africa

Just few days ago he said SA banking has 400b in assets

In reality its over half a trillion dollars

Mkenya2019:
My story is very consistent coz I don't lie. I use to work 50-50 btw Geneva and Nairobi. My kids have gone to intl schools in Kenya, Uganda, and Rwanda. I recently moved them from South African Crawford intl to here - Intl Schl of Geneva.

And I have tried kenya system; it as worse as China and India.

It is only in Kenya that you find kids going to school by 4-5 am- be it rural or urban. I lived in many countries - and I never saw that.

KENYANS no doubt study the hardest.... it's almost brute force...kenya kids...my 5yr old was supposed to be in school by 6am..she had tonnes of assingment....she reminded me of my life growing up.

If there people who study hard..it has to be Kenyans, Indians and Chinese. Drive randomly to any part of kenya today - by 4 am - you will find kids going to school - and just before midnight walking home. Those in boarding do even worse...they sleep for like 5-6 hours

No country in Africa that I have visited will ever come close to Kenya students sacrifices - china and india.

If an average primary Kenyan kid comes to Nairaland and see the English - they will discontinue their education.

You love to lie if Kenyans work so hard as in every single one why is your country in such a bad position

Mkenya2019:
Bridges? - make that a bridge - and your oxymoron would make sense; somehow; they may even love you and like your nonsensical post; but we know the longest elevated expressway is not even 30km for the elevated part.

If Nigerians were in Kenya school system the teachers would murder you

Then why do I see so many Nigerians going from Nigeria straight to harvard, oxford, yale, stanford etc but not the same in Kenya

AfriqueDuZuid:
In south Africa black or white its the same education system same test, its the same one that produced Elon Musk

International schools are far in between, they not fancied here

Why are you lying in South Africa there is clear difference between schools blacks and whites go to most black people go to poor public schools meanwhile most whites go to private schools as an example use google earth and compare

Grayston Prep ( Private School ) To Sandown High School ( Public School )

They are literally across the road from each other in one the buildings are unmainted in the other one they are well painted and the grass maintained

obaaderemi:
I am sure you quickly ran to the internet to read all you could about Soludo. If you had read well, you would have seen Ngozi saying Soludo was responsible for the consolidation of Nigeria's banking sector. Again, you proved your ignorance about the different roles of the finance ministry and central bank. You are a functional illiterate. Ngozi didn't consolidate Nigeria's banking sector, that was the job of Soludo, the CBN governor. And Ngozi attacking him was political. Ngozi was just defending Goodluck Jonathan. Don't just read news about other places and pretend you understand what's going on.
It was all about Obasanjo and Soludo who was Obasanjo's economic adviser even before becoming CBN governor. Obasanjo was the president at the time. He hated the idea that Nigeria was owing so much. Against all advise, he stubbornly went ahead and cleared the debt. That's why we have less debt than Kenya today and not begging left and right for debt repayment reschedule like you little Indians.
Kenyan banks have traditional been very small and insignificant in the whole scheme of things in Africa. The big boys are South African, Nigerian and Egyptian banks. Equity Bank your biggest bank is smaller than First Bank our 5th bank by total assets.
Stop comparing banks between Nigeria and Kenya. You will keep losing. Your total assets is $45bn, less than half of Nigeria's. So where is the basis for comparison?
We own banks in Kenya, so some of that $45bn actually belong to us. Access bank Nigeria just bought banks in Kenya, Zambia, Mozambique and elsewhere. Where are your timid banks. In banking you have a lot to learn from Nigeria. The same way you can learn from us in debt management. If you would only stop talking too much like a stvpid parrot.
Corporate taxes are not a sure indicator. Informal sector is also a part of private sector, even bigger than formal sector especially here in Africa.
In economy, there is absolutely little to compare between Nigeria and Kenya. I would rather compare Kenya and Lagos.

Informal sector is very important holds a lot of money

Ive seen, its unfortunate in SA its not counted in employment figures, unregulated,... Anyway story for another day

But informal sector is very important part of economy,

Abohboy:
Why are you lying in South Africa there is clear difference between schools blacks and whites go to most black people go to poor public schools meanwhile most whites go to private schools as an example use google earth and compare

Grayston Prep ( Private School ) To Sandown High School ( Public School )

They are literally across the road from each other in one the buildings are unmainted in the other one they are well painted and the grass maintained

Dude im well travelled accross the country, i worked along side the department for two years

There are more number of blacks in private schools than whites.

Public schools offer same curriculum accross board whether predominantly black or white. Same goes for private. The other difference is that other public schools still pays school fees others they don't. Others are boosted by coorporates as part of CSI.

obaaderemi:
I am sure you quickly ran to the internet to read all you could about Soludo. If you had read well, you would have seen Ngozi saying Soludo was responsible for the consolidation of Nigeria's banking sector. Again, you proved your ignorance about the different roles of the finance ministry and central bank. You are a functional illiterate. Ngozi didn't consolidate Nigeria's banking sector, that was the job of Soludo, the CBN governor. And Ngozi attacking him was political. Ngozi was just defending Goodluck Jonathan. Don't just read news about other places and pretend you understand what's going on.
It was all about Obasanjo and Soludo who was Obasanjo's economic adviser even before becoming CBN governor. Obasanjo was the president at the time. He hated the idea that Nigeria was owing so much. Against all advise, he stubbornly went ahead and cleared the debt. That's why we have less debt than Kenya today and not begging left and right for debt repayment reschedule like you little Indians.
Kenyan banks have traditional been very small and insignificant in the whole scheme of things in Africa. The big boys are South African, Nigerian and Egyptian banks. Equity Bank your biggest bank is smaller than First Bank our 5th bank by total assets.
Stop comparing banks between Nigeria and Kenya. You will keep losing. Your total assets is $45bn, less than half of Nigeria's. So where is the basis for comparison?
We own banks in Kenya, so some of that $45bn actually belong to us. Access bank Nigeria just bought banks in Kenya, Zambia, Mozambique and elsewhere. Where are your timid banks. In banking you have a lot to learn from Nigeria. The same way you can learn from us in debt management. If you would only stop talking too much like a stvpid parrot.
Corporate taxes are not a sure indicator. Informal sector is also a part of private sector, even bigger than formal sector especially here in Africa.
In economy, there is absolutely little to compare between Nigeria and Kenya. I would rather compare Kenya and Lagos.

G-A-S-S-S-P! SERIOUSLY? This nigga! Oxymoron, anyone;HALLO!

Nigerian banks did not consolidate becaue Obasanjo or Soludo wanted or loved it. They had to. They were broke. The country was broke. It was like kenya banks in 1990s - when we forced many small banks to collapse - and form a moribund bank consolidated bank of kenya.

Dr Ngozi was the engine of those reforms. Soludo was to execute and according to Dr Ngozi - she made HUGE MESS of that execution - it no wonder Nigeria banks charge 30 percent interest. WHO DOES THAT IN THE WORLD

Now I am not going to waste my time btw some Soludo and world acclaimed Dr Ngozi - who saved you country.

All her efforts are now down the drain - Nigeria debt is back to the same places - maybe the banks are not collapsing - but they are no helping anybody with interest rates as high as 30 percent.

Nigeria banks expansion is hilarous is you ask me - strategic wise - but we shall see.

Equity bank 10yrs ago - it assets were not even 2B dollars - now its 10B - and will hit 25B dollars by 2025 - beating any Nigerian bank.

Kenya banks are moving fast

obaaderemi:
I am sure you quickly ran to the internet to read all you could about Soludo. If you had read well, you would have seen Ngozi saying Soludo was responsible for the consolidation of Nigeria's banking sector. Again, you proved your ignorance about the different roles of the finance ministry and central bank. You are a functional illiterate. Ngozi didn't consolidate Nigeria's banking sector, that was the job of Soludo, the CBN governor. And Ngozi attacking him was political. Ngozi was just defending Goodluck Jonathan. Don't just read news about other places and pretend you understand what's going on.
It was all about Obasanjo and Soludo who was Obasanjo's economic adviser even before becoming CBN governor. Obasanjo was the president at the time. He hated the idea that Nigeria was owing so much. Against all advise, he stubbornly went ahead and cleared the debt. That's why we have less debt than Kenya today and not begging left and right for debt repayment reschedule like you little Indians.
Kenyan banks have traditional been very small and insignificant in the whole scheme of things in Africa. The big boys are South African, Nigerian and Egyptian banks. Equity Bank your biggest bank is smaller than First Bank our 5th bank by total assets.
Stop comparing banks between Nigeria and Kenya. You will keep losing. Your total assets is $45bn, less than half of Nigeria's. So where is the basis for comparison?
We own banks in Kenya, so some of that $45bn actually belong to us. Access bank Nigeria just bought banks in Kenya, Zambia, Mozambique and elsewhere. Where are your timid banks. In banking you have a lot to learn from Nigeria. The same way you can learn from us in debt management. If you would only stop talking too much like a stvpid parrot.
Corporate taxes are not a sure indicator. Informal sector is also a part of private sector, even bigger than formal sector especially here in Africa.
In economy, there is absolutely little to compare between Nigeria and Kenya. I would rather compare Kenya and Lagos.

obaaderemi:
Nigeria 14 Kenya 1.
Count again and show us your link.
https://www.relbanks.com/rankings/top-banks-in-africa

Lol as usual he lied to stay relevant. Kenya has just one bank on that list and it’s at bottom barrel,occupying a shameful position of 66. Pls whats there to compete. Nonsense

AfriqueDuZuid:
Dude im well travelled accross the country, i worked along side the department for two years

There are more number of blacks in private schools than whites.

Public schools offer same curriculum accross board whether predominantly black or white. Same goes for private. The other difference is that other public schools still pays school fees others they don't. Others are boosted by coorporates as part of CSI.

The difference is in the maintenace of the facilities and in the quality of teaching and of course there's more blacks then whites in private schools there's way more blacks in South Africa anyway

Actual data is looking at the percent of white school going children who go to private schools or afrikaans schools and do the same for blacks you'll find that in terms of percentage more white children go to private schools overall then black people do.

rvp20182:
Nigerian banks did not consolidate becaue Obasanjo or Soludo wanted or loved it. They had to. They were broke. The country was broke. It was like kenya banks in 1990s - when we forced many small banks to collapse - and form a moribund bank consolidated bank of kenya.

Dr Ngozi was the engine of those reforms. Soludo was to execute and according to Dr Ngozi - she made HUGE MESS of that execution - it no wonder Nigeria banks charge 30 percent interest. WHO DOES THAT IN THE WORLD

Now I am not going to waste my time btw some Soludo and world acclaimed Dr Ngozi - who saved you country.

All her efforts are now down the drain - Nigeria debt is back to the same places - maybe the banks are not collapsing - but they are no helping anybody with interest rates as high as 30 percent.

Nigeria banks expansion is hilarous is you ask me - strategic wise - but we shall see.

Equity bank 10yrs ago - it assets were not even 2B dollars - now its 10B - and will hit 25B dollars by 2025 - beating any Nigerian bank.

Kenya banks are moving fast

Comparing Nigerian bank and kenyan bank is a no brainer.very stupid comparison.Yhis is just a fact.even Togo banks have more assets than any bank in ur entire zoo.things like this keep exposing mwangi and his economic stats.

NTSA:
Over 17 marathons and 8 years, he has only lost two.

I stayed out today but in 2019 he gave me good money on his challenge.

AfriqueDuZuid:
Just few days ago he said SA banking has 400b in assets

In reality its over half a trillion dollars

He plays with figures to demean a country below Kenya so he can feel better about the mess of Kenya. It’s all a figment of his imagination.

AfriqueDuZuid:
Finland education is one of the best in the world

Schooling 5 hours per day

Denmarks sweden, NZ,... Etc have shorter and wanna reduce it.

A kids mind learns and discover things through playing more than any other method.

And stop lying no 5 year old are at school at 5am

If you could get out your Grannys' shack once done with her backrubs and log off you'd hopefully cease reflex denying !
Fyi, most of our runners started by running to school.

How the school run can make Kenyan champions

[url]https://www.bbc.com/news/world-africa-18271403/url]

Moses and Linet Masai had a long way to travel each morning when they were school children in western Kenya.

According to their former sports teacher, Ben Tumwet, the brother and sister had a 10km (more than six miles) journey to Bishop Okiring secondary school in the village of Kamuneru.

"Moses and Linet were coming from a far place, they were coming very early in the morning and also going back in the afternoon," says Mr Tumwet.

"So they got their running training to and from school."...Linet went on to win the 10,000m at the 2009 World Championships in Berlin, while her brother earned a bronze in the men's event.

The lifestyle calls for a true Spartan! A certain cultural ritual I CAN'T EXPLAIN helps greatly in dealing with the pain of lactic acid build-up.

Take 17-year-old Sammy, who also lives 10km away from the school and has a punishing schedule.

"I wake up at 4am, prepare some breakfast and then head out. I try to arrive at school by 6am in the morning," he says.

Hundreds of thousands of Kenyans do this daily. THIS is how CHAMPS are made,son!

obaaderemi:
Nigeria 14 Kenya 1.
Count again and show us your link.
https://www.relbanks.com/rankings/top-banks-in-africa

Apart from YOUR inability to appreciate the OBVIOUS and constant lying you have no honour!
Black MOFO, the list is a decade old! FK OFF!?

Yes 10yrs ago - it was only KCB - now in top 80 banks in Africa - kenya has 10. Next 10yrs - it will be 20 kenyan banks - with at least 5 banks bigger than any in Nigeria - Equity, KCB, COOP, NCBA and DTB have their regional game on. Broke Ethiopia desperate for finances will likely open up its banking sector like they have done telcom - both DRC and Ethiopia - represent nearly 200m population of mostly unbanked people - just waiting for Kenyan banks who understand such kind of bottom pyramid.

kikuyu1:
Apart from YOUR inability to appreciate the OBVIOUS and constant lying you have no honour!
Black MOFO, the list is a decade old! FK OFF!?

The shackman - doesnt want to admit to the long established apertheid education system in Azania

Abohboy:
Why are you lying in South Africa there is clear difference between schools blacks and whites go to most black people go to poor public schools meanwhile most whites go to private schools as an example use google earth and compare

Grayston Prep ( Private School ) To Sandown High School ( Public School )

They are literally across the road from each other in one the buildings are unmainted in the other one they are well painted and the grass maintained

kikuyu1:
If you could get out your Grannys' shack once done with her backrubs and log off you'd hopefully cease reflex denying !
Fyi, most of our runners started by running to school.


[url]https://www.bbc.com/news/world-africa-18271403/url]



The lifestyle calls for a true Spartan! A certain cultural ritual I CAN'T EXPLAIN helps greatly in dealing with the pain of lactic acid build-up.



Hundreds of thousands of Kenyans do this daily. THIS is how CHAMPS are made,son!

So lack of proper transport infrastructure and lack of availability of schools in an area is something to brag about? In any case for a middle class Kenyan family they don't have to wake up at 4am to go to school now do they?

Abohboy:
So lack of proper transport infrastructure and lack of availability of schools in an area is something to brag about? In any case for a middle class Kenyan family they don't have to wake up at 4am to go to school now do they?

Nobody's bragging, I'm telling you like it is. Yes,they do. Pre class time study. It's like that in almost ALL schools with the local curriculum.

Kenya middle class kids go to private mostly boarding school - where studying is even worse - because kenya compete for good public secondary schools and universities. it only a few that can afford international schooling that kids relax.

Most kenyans take their kids to boarding school as early as 3rd grade - the boarding schools need to ace their exams - so they extract as much as they can from the students - long hours of studying is almost a given.

When it comes to Intl schools - definitely kenya is Africa leader - with 150 such schools
https://www.businessdailyafrica.com/bd/lifestyle/society/boarding-schools-attraction-for-foreigners-3327818
There are at least 150 international schools in Kenya, according to the Kenya Association of International Schools (KAIS), teaching both 8-4-4 or Competency based Curriculum (CBC) and international curricula of their choice.

“On average, international schools educate about 200,000 Kenyans. Further, the department of immigration processes on average 20,000 student passes every year, with the bulk of those being for students attending international schools,” said Jane Mwangi, secretariat coordinator of the KAIS.

The lobby group for elite private schools states that the rise in the number of international students has been driven by increased expats due to its regional and logistics hub status.

This also due to the high number of consulates, embassies and foreign-owned companies.

“Kenya is arguably the international school hub of Africa. We have seen a great rise in students coming from East and West Africa,” said Ms Mwangi.

Abohboy:
So lack of proper transport infrastructure and lack of availability of schools in an area is something to brag about? In any case for a middle class Kenyan family they don't have to wake up at 4am to go to school now do they?

Not best of Olympic for Kenya - but still came 19th in the world.

AfriqueDuZuid:
Dude im well travelled accross the country, i worked along side the department for two years

There are more number of blacks in private schools than whites.

Public schools offer same curriculum accross board whether predominantly black or white. Same goes for private. The other difference is that other public schools still pays school fees others they don't. Others are boosted by coorporates as part of CSI.

South Africa is unequal in every aspect and this includes education shackman.

Vlain:
He plays with figures to demean a country below Kenya so he can feel better about the mess of Kenya. It’s all a figment of his imagination.

After all its also behind so many countries

Abohboy:
The difference is in the maintenace of the facilities and in the quality of teaching and of course there's more blacks then whites in private schools there's way more blacks in South Africa anyway

Actual data is looking at the percent of white school going children who go to private schools or afrikaans schools and do the same for blacks you'll find that in terms of percentage more white children go to private schools overall then black people do.

Dude even in england schools can never be equally funded or equally equipped the schools in metros cities towns will be better equipped than those in rural areas.

Actually why are we even speaking about private schools? My emphasis was on public schools that SA using same curriculum at a public school in Sandton and one in Qunu in EC.

Elon musk went to a public school, also to a public university. Infact 90% wealthy people attend public schools

Public school in Limpopo is not the same with white public school in Western Cape.

AfriqueDuZuid:
Dude even in england schools can never be equally funded or equally equipped the schools in metros cities towns will be better equipped than those in rural areas.

Actually why are we even speaking about private schools? My emphasis was on public schools that SA using same curriculum at a public school in Sandton and one in Qunu in EC.

Elon musk went to a public school, also to a public university. Infact 90% wealthy people attend public schools

Abohboy:
The difference is in the maintenace of the facilities and in the quality of teaching and of course there's more blacks then whites in private schools there's way more blacks in South Africa anyway

Actual data is looking at the percent of white school going children who go to private schools or afrikaans schools and do the same for blacks you'll find that in terms of percentage more white children go to private schools overall then black people do.

Rural places are far in between more people stay in Urban places.

97% people attend public schools its pointless to focus on 3%... There has been an increase in private school recently of which are south African not "international"

rvp20182:
Public school in Limpopo is not the same with white public school in Western Cape.

They are the same

Its the same curriculum, same food, same books

A school in Polokwane is the same as one in cape Town just as a school in rural limpopo will be same as one in rural western cape

Althetics - kenya took position 3 worldwide. While Ghana won a bronze first time since 1992 - in boxing. Nigeria - got a silver and bronze - for the 200m people. South Africa - only 3 medals.

Why such a difference in performance? I think schools are funded by provincial gov - so they cannot be uniform.

AfriqueDuZuid:
They are the same

Its the same curriculum, same food, same books

A school in Polokwane is the same as one in cape Town just as a school in rural limpopo will be same as one in rural western cape

AfriqueDuZuid:
After all its also behind so many countries

So true.