₦airaland Forum

Shma2020:
All of these westy mofos are ignorant and stupid. Sometimes you just need to engage your stupidity to deal with them.

Cc: gallivant, TayserMahrii

Hear hear.

Just30:
Only if you dont understand economic

The reason why we have no defaulted on our debt like Kenya is the fact that our Sovereign Wealth Funds have almost 20 billion dollars combine and the profit is used to service our debt.


Our taxes go into recurrent expenditure and expenditure funding comes from our SWF and that is why we have not borrowed to fund projects like Kenya have been doing....

Now laugh when you are in the long cue waiting to buy bread in Nairobi

Remind us which impoverished country has had 16 economic bailouts from international lenders?

Vlain:
Did u know Venda village in SA looks better than anything in Karen or runda. Just saying.

Do you know the chances of someone looting your property in Karen or Runda is next to zero?

rvp20182:
Schools do not teach. Teachers do. School enrol. I clearly said international school enrol 200K kids from 150 schools. That works out to about 1,300 enrolments per school.

Now distinguish btw International School - and Private School teaching local curriculum.

Oloribu.

rvp20182:
Kenya has a lot of private schools - especially at the primary level. Last I checked nearly 10,000. International school teaches international curriculum.

You have a problem with English comprehension or what.
International Private Schools - 150 - with Nairobi metro boasting nearly 100 of them. Followed by Nakuru and Mombasa.
Local Private Schools 10,000
Local Public schools 30,000 primary 10,000 secondary
Local ECDE (Pre schools) - 45,000

Those are Kenya data - roughly speaking.

obaaderemi:
Oloribu.

[s]

Shma2020:
IMF owns you. Don't try to fool around.

Ghana is the only renown country in Africa with poor borrowing habits. You don't have the discipline to borrow and now the IMF is helping you take care of the situation.

https://www.bloomberg.com/news/articles/2019-01-30/ghana-seen-facing-discipline-test-as-imf-bailout-nears-end

You borrow alot but no development can be seen. Your people are eating rodents while loan is oozing out like blood in your country. Should we blame illiteracy level or we should just ignore the fact that your cash is going to individual's pockets?

[/s]

Petro idiot. Find a new meme ret-rd.

rvp20182:
You have a problem with English comprehension or what.
International Private Schools - 150 - with Nairobi metro boasting nearly 100 of them. Followed by Nakuru and Mombasa.
Local Private Schools 10,000
Local Public schools 30,000 primary 10,000 secondary
Local ECDE (Pre schools) - 45,000

Those are Kenya data - roughly speaking.

Suit yourself.

Obaboon, I doubt I made such a mistake - and If I did - I am human. I know you're scraping the bottom of the barrel looking desperately to resort to the usual ad-hominem after losing debate after debate.

Let me be magnanimous today and say sorry - I mean private schools teaching local curriculum. Happy now?

obaaderemi:
You are the one with English comprehension problems. Stop misleading the Kenyans here who rely on you:

You said: ten thousand international schools teach international curriculum.

Are you saying all the private schools in Kenya teach international curriculum?
When a grown man tells so many lies he ends up like you.

rvp20182:
I guess your bosses have issues - how will that affect their West Africa colonies. Of countries here likely to go Lebanon way - Ghana will follow Zambia. Its component of commercial foreign loans is very dangerous. Kenya is okay - only a third of foreign loan is commercial - the rest are IMF/WB/ADB - those are low maturing low interest - and you can always talk nicely to these non-profit making development banks.

So yes countries should avoid loading lots of commercial foreign loan - like Ghana is doing.

It won't be first time for Ghana tough - hyperinflation is their second name. I believe the Cedis at some point was 15,000 to a dollar.

On their nomal day - it double-digit - pretty bad for many countries.

Out of Nigeria's external debt 32 is commercial loan. It's much higher in Kenya where commercial loans are already 35% of your external debt.

You can talk nicely to IMF but IMF will not talk nicely to you. They already told Uhuru to freeze workers pay and to cut funding to your universities.
Your debt to GDP ratio is getting worse year after year.
It's already above 60%.

Then your Chinese loans are another problem.
Of all the countries here Kenya is most likely the next Lebanon. Tea prices, remittances and tourism receipts
are falling.

This time has been particularly cold in kenya - Mt kenya has nice snow cap

rvp20182:
Obaboon, I doubt I made such a mistake - and If I did - I am human. I know you're scraping the bottom of the barrel looking desperately to resort to the usual ad-hominem after losing debate after debate.

Let me be magnanimous today and say sorry - I mean private schools teaching local curriculum. Happy now?

Suit yourself. I already let you off the leash.
A magnanimous adult does not resort to playground name calling. A frustrated pained adult does. That's ad hominem at its worst, suggesting you are the one losing the debates.

Nigeria LONG passed Lebanon. Its debt to servicing ratio is 150 percent. It's budget minuscule. The gov is a total failure - it is almost in a state of collapse. Boko haram and Islamic cattle herders are killing and kidnapping at will. Poverty is endemic. Gov now borrows to pay salaries. Electricity is a luxury.

That is Zoogeria - not different from ZOOmalia.

Now let us talk about countries have semblance of functional gov like Kenya and Ghana.

Kenya's external commercial debt is 35% of 50% - which is about 15 percent of total debt - which is roughly 7 percent of GDP.

Our taxes revenues are growing - and our revenue to debt servicing is good - and so we do not have a serious problem.

Kenya gov, unlike Nigerian gov, owns nearly 200 state corporations. Kenya gov own shares in many companies.

If Kenya gov sold Safaricom shares - 35 percent of it - it will pay of it's debt in one go. Safaricom is now worth 18B dollars. Kenya gov owns 7B worth of shares therefore that is the entire commercial external debt.

Telkom Kenya is owned 30 percent by GOK.

Move to baking - KCB - the 2nd biggest bank - with total asset now of 10B dollars - recently dethroned - Kenya Gov (Treasury) - is largest shareholder at 20 percent.

Move on to KENGEN - power generator - kenya gov owns 70 percent.

Move on to many many companies - KENRE - name them - Kenya Treasury sits on 200 boards.

To bring out the debt to GDP ratio back to 45 percent - we just need to start more privatizations and IPOS - like we did 10yrs ago. We stop borrowing and we sell many companies we own.

obaaderemi:
Out of Nigeria's external debt 32 is a commercial loan. It's much higher in Kenya where commercial loans are already 35% of your external debt.

You can talk nicely to IMF but IMF will not talk nicely to you. They already told Uhuru to freeze workers pay and to cut funding to your universities.
Your debt to GDP ratio is getting worse year after year.
It's already above 60%.

Then your Chinese loans are another problem.
Of all the countries here Kenya is most likely the next Lebanon. Tea prices, remittances and tourism receipts
are falling.

7th most dynamic city in the world.
You don't need university content to accept this fact.

PetroDolla2020:
[s][/s]

Idiot, try and Say something... Be creative at least. Don't just be the one posting posting cartoons like a ret@rded zombie.

Obaboon, Kenya gov owns 280 operational State Corporations which are the Engine for driving Kenyan economy and achievement of Vision 2030. They range from alcohol to cement to name it; Kenya gov has shares in nearly everything in Kenya; and nearly any sector.

Whenever GoK becomes really broke - we sell shares or do IPO. Some are loss-making like KQ - but others are super profitable like Safaricom/KCB

For example- More Than 20 State Owned Corporations Set To Go Private

More than 20 government firms are set to be privatized in an effort to raise funds for government projects. This is after the Privatization Commission approved the sale of 26 state-owned corporations.

Energy
The state-owned firms that the Govt could dispose of its controlling stakes include power producer Kenya Electricity Generating Company (KenGen) which is 70 per cent government-owned, Kenya Pipeline Company, Kenya ports authority container deport in Eldoret, Kenya Ports Authority Development of Berths which are fully owned by the government at 100 per cent.

Banking
In the banking sector, the government is looking to sell its 22.5 per cent stake in National Bank of Kenya, 89.3 per cent stake in Development Bank of Kenya and stake allocated to other government corporation including a 50.2 per cent stake in consolidated Bank of Kenya Deposit Protection Fund as well as 48.8 per cent accounts in weak banks merged to form 48.8 per cent Consolidated Bank.

Agricultural
State-owned agricultural Corporation will see the highest number of privatized firms including the Agrochemical and food corporation (ADC), New Kenya creameries co-operative (KCC), Chemilil sugar, South Nyanza sugar, Nzoia sugar, Miwani sugar and Muhoroni Sugar companies.

According to the privatization commission, the process is aimed at mobilizing resources for other investments as well as broadening of shareholder in the economy, improving efficiency in the delivery of services through mobilization of private sector financial and management resources.

Other firms expected to be privatized include Numerical machinery complex, isolated Power stations, Kenya Wine Agencies, Kenya Meat Commission Kenya Safari Lodge, Sunset Hotel In Kisumu, Golf Hotel in Kakamega, Mount Elgon Lodge and Kabarnet Hotel.

It actually 4th last I checked.
https://www.constructionweekonline.com/public/styles/portrait/public/images/2020/01/27/CMI-2020-Top-20_0.jpg?E0o_fgDs

Shma2020:
7th most dynamic city in the world.
You don't need university content to accept this fact.

rvp20182:
It actually 4th last I checked.
https://www.constructionweekonline.com/public/styles/portrait/public/images/2020/01/27/CMI-2020-Top-20_0.jpg?E0o_fgDs

Incredible!

Thanks for this.

gallivant:
Do you know the chances of someone looting your property in Karen or Runda is next to zero?

Ok and

NTSA:
Which Runda or Karen did you break down .I have been to both estates.
The wideness of a road is determined by the amount of traffic using it.Why would you put a double lanes on estate roads?

Sick ass excuse.Thete are numerous exclusive estate around the world with nearly zero traffic but they all have wide roads. Urs is narrow and broken down like the village road leading to ruaka town or rongai.

Shma2020:
7th most dynamic city in the world.
You don't need university content to accept this fact.

Nairobi without filter VS Nairobi with filters.

A stark difference.

Vlain:
Nairobi without filter VS Nairobi with filters.

A stark difference.

First pic is nyayo estate. A distance away from Nairobi downtown(old CBD). It's still incredible seeing how expressway has dwarfed those houses.

The second pic is westlands CBD. Filters or not it's still that way.

rvp20182:
Nigeria LONG passed Lebanon. Its debt to servicing ratio is 150 percent. It's budget minuscule. The gov is a total failure - it is almost in a state of collapse. Boko haram and Islamic cattle herders are killing and kidnapping at will. Poverty is endemic. Gov now borrows to pay salaries. Electricity is a luxury.

That is Zoogeria - not different from ZOOmalia.

Now let us talk about countries have semblance of functional gov like Kenya and Ghana.

Kenya's external commercial debt is 35% of 50% - which is about 15 percent of total debt - which is roughly 7 percent of GDP.

Our taxes revenues are growing - and our revenue to debt servicing is good - and so we do not have a serious problem.

Kenya gov, unlike Nigerian gov, owns nearly 200 state corporations. Kenya gov own shares in many companies.

If Kenya gov sold Safaricom shares - 35 percent of it - it will pay of it's debt in one go. Safaricom is now worth 18B dollars. Kenya gov owns 7B worth of shares therefore that is the entire commercial external debt.

Telkom Kenya is owned 30 percent by GOK.

Move to baking - KCB - the 2nd biggest bank - with total asset now of 10B dollars - recently dethroned - Kenya Gov (Treasury) - is largest shareholder at 20 percent.

Move on to KENGEN - power generator - kenya gov owns 70 percent.

Move on to many many companies - KENRE - name them - Kenya Treasury sits on 200 boards.

To bring out the debt to GDP ratio back to 45 percent - we just need to start more privatizations and IPOS - like we did 10yrs ago. We stop borrowing and we sell many companies we own.

You are desperate. Can you please share any evidence to show that Nigeria's debt service is 150%?

You are like Lebanon with your Government begging for debt rescheduling. You are as indebted as Nigeria though with a smaller population. IMF dictates to your government by giving you all kinds of stringent rules like an slowpoke kid.

Your debt is already over 60% of GDP and debt service is also going up. Yet you are borrowing to pay debt.

You are so stupid you don't know government can not just start offloading its shares in companies. It would lead to a panic and depress the values of the stocks.

If your commercial loans are 35% of external loans of $40bn, then how can your government's $7bn in safaricom pay for that? 35% of 35bn$ is way above $7bn. Then the Chinese are breathing down your neck.
And your deficit budgets, like Lebanon, keeps getting worse year after year than Nigeria's. You still don't see the correlation between you and Lebanon? You are not reading the tea leaves.

You are about to default like Lebanon.

Shma2020:
First pic is nyayo estate. A distance away from Nairobi downtown(old CBD). It's still incredible seeing how expressway has dwarfed those houses.

The second pic is westlands CBD. Filters or not it's still that way.

Bottomline: Nairobi without filters is very ugly.

Vlain:
Bottomline: Nairobi without filters is very ugly.

And Lagos with filters will still hold the crown for the most ugliest city in the world.

Imagine this without filters

Lagos without filters.

For more of Lagos pics. Click this link.
https://www.gettyimages.com/photos/lagos-nigeria-aerial

rvp20182:
Shackman - there are about 150 international schools - with about 200,000 kids. These are elite private schools that you cannot afford - some in kenya charges fees as high as 25,000 usd per year - or even higher with boarding. These are school where Africa elites send their kids - Uganda, Rwanda, South Sudanese, Congolese, TZs - plus kenyans of course.
https://www.businessdailyafrica.com/bd/lifestyle/society/boarding-schools-attraction-for-foreigners-3327818

When I talk about private schools - I am talking about private schools - teaching Kenya curriculum.

In kenya about 30,000 public primary schools exist - and about 10,000 private primary schools exist.

The number of kids enrols in private schools are in millions - I'd estimate about 3m of the about 8-9m primary kids.

There are few private schools in secondary and universities. Secondary schools are mostly public and a few private mission schools

Bro you can lie this is crazy which elite sends their child to Kenya? African elites send their kids to schools in Europe, America and Canada in my school in England there are five children of Congolese millionaires and many more from other countries like Tanzania there's even 9 Kenyan students here who's parents are millionaires so this whole lie you're trying to produce is failing horribly

Shma2020:
And Lagos with filters will still hold the crown for the most ugliest city in the world.

Imagine this without filters

Well done you brought a photo from 2006 shall I bring up Nairobi back then as well?

Abohboy:
Well done you brought a photo from 2006 shall I bring up Nairobi back then as well?

You don't need to ask me. Just post and I will bring Lagos of 2021. Mind you, Lagos of 2001 is still the same Lagos of 2021. The only improvement is the upcoming Eko.

Shma2020:
And Lagos with filters will still hold the crown for the most ugliest city in the world.

Imagine this without filters

U will have to stick to outdated pics to stay relevant in this argument. Lagos of 4 decades looks better than Nairobi of today(without filters)

Shma2020:
Lagos without filters.

Lol it’s ur pain for me.I love to see u this way angry and bitter.
After all the salty tears Nairobi will still look like the slumpolis it is just like Mombasa