Obaboon, We are in 2022 - that is lagging indicator, and I am looking at the leading indicators. Equity is doing very well in DRC Congo. They found a virgin market where unbanked are like 90 percent of the nearly 100m people. They are opening agency banks like crazy.

As you look at lagging indicator - Equity is aiming to have 25B dollars in assets in 5yrs. That will pip Zenith - and any bank in Nigeria.

obaaderemi:
Rip2008, I know you are corpse by your moniker. So I don't expect much from you.

From your own graph Gtbank is ahead of your equity as at the end of the last financial year.

Sane people talk with relevant facts. Where is your link that equity is ahead of Gtbank?

68816419:
and you think Gtbank ain't expanding as well, manze dreaming is allowed and how do u claim to be growing yet u keep borrowing, we all know how Kenyans cooks all figures to suit their egos, the truth will be known soonest

Equity as at the last financial year, equity remains smaller than gtb.

@_the bolded, little Indians are the baba when it comes to cooking stats.

rvp2018:
Obaboon, We are in 2022 - that is lagging indicator, and I am looking at the leading indicators. Equity is doing very well in DRC Congo.

Rip, bring your facts, you stupid little Indian.

Obaboon, last year you were arguing about the same, now you have accepted that Equity total assets are just few millions below GTC

Wait for the annual finanancial result in march

https://www.businessdailyafrica.com/bd/corporate/companies/equity-bank-q3-net-profit-rises-to-sh27-billion-3611920
Equity Group has reported 78.6 percent growth in profit after tax for the nine months to September this year on account of the growth of non-funded income and reduced costs.

obaaderemi:
Rip, bring your facts, you stupid little Indian.

None of Nigeria expansion has made any sense or profit. You can come to Kenya and buy small banks anytime. We have about 30 such small banks waiting to take you to cleaners.

But to have strategic expansion that turn profit like kenya banks is impossible for you.

Your banks almost expand just for it's sake.

Look at Equity Expansion paying off. Equity is 2nd in Kenya, in Uganda, In South Sudan, in Rwanda, In Congo - they are not just expanding for it's sake.

Dr Mwangi also noted that regional subsidiaries grew their group contribution to deposits to 42% up from 40%, revenue to 37% up from 30% and profit before tax to 26% up from 21%.

68816419:
and you think Gtbank ain't expanding as well, manze dreaming is allowed and how do u claim to be growing yet u keep borrowing, we all know how Kenyans cooks all figures to suit their egos, the truth will be known soonest

rvp2018:
You're desperate to compare yourself to kenya.
South Africans consume 11,1-billion litres of petrol and 12,1-billion litres of diesel a year - with 11 million cars - at pre-covid.
Kenya consumes about 6.3 billion litres of petrol, diesel and others.
South Africa consumes about 4 times Kenya.

Now how can little Ghana consumes 10 times Kenya and 3 times South Africa.

Ashawo. Nigeria does I think 18B litres if I can recall correctly and little Ghana does 4 billion liters.

I'm not just talking about petrol and Diesel but also Natural gas,HFO, and crude.. These are all energy products..

I knew you wouldn't understand it when I say Energy
If I hadn't added a note to say I'm not referring to electricity, your brain would have thought I was referring to it.
Even after the note, you're still confuse..

Kenya really failed you

Usual madness from little Ghana.

Just40:
I'm not just talking about petrol and Diesel but also Natural gas,HFO, and crude.. These are all energy products..

I knew you wouldn't understand it when I say Energy
If I hadn't added a note to say I'm not referring to electricity, your brain would have thought I was referring to it.
Even after the note, you're still confuse..

Kenya really failed you

rvp2018:
We are bending backwards because the current president of TZ - Suluhu -is more reasonable than tinpot dictator the late Magufuli who had almost killed regional trade. If they were to allow free trade to flourish - Kenya will take them to cleaners.

Kenyan manufacturers had in recent years protested “discriminative” duties and non-tariff barriers such as double inspection of goods for standards by Tanzania which had made supplies such as meat, milk, and related products to the neighbouring country uncompetitive.
The protectionist fees, Kenyan manufacturers argued, was against the EAC Common Market Protocol, which requires member states to open up borders to facilitate free movement of goods, labour, services as well as capital.

Is that why all your major organizations are been taken over even by smaller countries like Uganda, Uganda just took over your largest sugar factory.
By the way, Why do Kenyans cook figures this much?, From Supermarkets, banks, Airlines, cement, Tech just name it.

Shma:

This is what we should be talking about in this centuary.
Kenya increased one spot this year to rank 61st globally, 1st in Eastern Africa, and 2nd in Africa. The city of Nairobi decreased 20 spots to 136th globally, but still ranks 1st in Eastern Africa and 2nd in Africa. Nairobi also ranks in the top 100 globally for Foodtech, Transportation Technology, and Energy & Environment Technology. Contributing to the improvement in Kenya's ranking for 2021, Mombasa is new to the rankings as the 2nd city in Kenya at 756th.

Retail sales are utter nonsense.

It seems like you East Africans have a tunnel vision worldview.

Firstly, the same article you're bragging with ranked Lagos as no1 ahead of Nairobi.

Secondly, while Kenya has only two cities ranked, Nigeria has SEVEN!

It's ridiculous how you overlooked all that to push your Kenya/Nairobi supremacy. And lest I forget, that category is obviously for Africa and Middle East.

Thank you!

rvp2018:
Usual madness from little Ghana.

you are mad that your country can't catch up...

And your brain can't fathom the things I'm talking about

SUFFERInSMILIIN:


Listen my friend you have to open your eyes don't stay in your village and make noise travel to other African countries and see for yourself Benin Republic is in front of Nigeria in development even Zambia and Zimbabwe and in front of Nigeria in development. Please do not stay in your village and make noise if you do not have enough of money just take a trip to Ghana Cote d'Ivoire Liberia and see what they are doing. Shallow mentality is not good

You seem to mock Nigeria with so much bitterness and hubris yet with very little intelligence. Countries that have huge population will always rank lower than countries with smaller population in terms of HDI. That's why an economic powerhouse like Germany with all its advancements will still lag behind the likes of Luxembourg, India will trail Vietnam despite being far more economically advanced.

The reason is because highly populated countries will most likely have unproductive sections that will drag its aggregate figures down. Based on that, if Southern Nigeria were to be a nation, its HDI figures will be among the highest in Africa, but Northern Nigeria happened on us!

GeneralDae:

So it means you have nothing to bring to the table awn?? Stop choking and kiss the truth.

I don't blame you: I've seen this aversion to the obvious,a willful blindness many times here.

InvestinOwerri:


It seems like you East Africans have a tunnel vision worldview.

Firstly, the same article you're bragging with ranked Lagos as no1 ahead of Nairobi.

Secondly, while Kenya has only two cities ranked, Nigeria has SEVEN!

It's ridiculous how you overlooked all that to push your Kenya/Nairobi supremacy. And lest I forget, that category is obviously for Africa and Middle East.

Thank you!

It wasn't about Nigeria.

But since you've brought it, cool. Click this link below, read it carefully then come and complete your submission. Don't just pick small substrata of information then overlook the rest -that's why I came up with two different categories of ranks - from countries to cities.

In general, South Africa is the giant of startup ecosystem followed closely by Kenya. Nigeria comes third.

And please, being represented by 7 cities means nothing. South Africa is represented by 4, Egypt 2, Kenya 2 in that order. It doesn't mean the rest of the cities are sh*t.

https://africa.businessinsider.com/local/markets/here-are-the-top-5-african-countries-with-the-most-developed-startup-ecosystems/23v1mx8

Kenya is a very brutal open market economy - companies face brutal competition - many die - because of stiff competition. This is not Nigeria where a few Northern Dangote elite uses Abuja to enact MONOPOLIES - and can never fail - even if they charge Nigeria an arm and a leg. See Dangote selling you cement at 4,200 Naira . for 50 bag of cement.

When Nakumatta/Tusky/etc died - all their places plus more were taken. Now Naivas is approaching 80 stores. Nakumatt at it apex was 64. Tusky nearly got to 70. We have many stores opening.Show me an empty stores that was previously occupied and has no takers :

FIX you monopolies, open up your economy and you'll be like kenya - THRIVING.

How do you explain Dangote getting interest at 12 percent - while a Nigerian is getting 30 percent?
How do you explain Dangote getting to buy dollars at 380 - while a Nigeria goes to black market to buy at 550 to a dollar?
How do you explain Dangote not paying taxes - but simply tarmacking the road using his cement - a road that serves him?
How do you explain import restriction - with exceptions granted to some connected Northern Nigeria - while rest of Nigerian have to smuggle everything from Benin and Camerooun.

After all this concession - Dangote sell your cement almost 3 times more than Kenya - he becomes a multi billionaire - the country overtakes India as the capital of poverty.

If you have a true open market liberalized economy like kenya - one mistake you're OUT - bankrupted by competitors - one strategic blunder - you're DEAD - you have to stay on your toes - sell at cheapest price while offering the best services -

68816419:

Is that why all your major organizations are been taken over even by smaller countries like Uganda, Uganda just took over your largest sugar factory.
By the way, Why do Kenyans cook figures this much?, From Supermarkets, banks, Airlines, cement, Tech just name it.

68816419:

Is that why all your major organizations are been taken over even by smaller countries like Uganda, Uganda just took over your largest sugar factory.
By the way, Why do Kenyans cook figures this much?, From Supermarkets, banks, Airlines, cement, Tech just name it.

Why do you think AfDB, WB and IMF blacklisted so many of their firms last year

They fake data and lie all the way there

Just40:
Now you've jumped to roads?

when I say no access to roads, it means no access to a tarred road... Until your country can improve from a 5% tarred road network..forever keep quiet


Ghana roads are almost a 110,000km .... Correct yourself.

Anyway that was a diversion

Point of correction. I used classified roads for Kenya instead of total roads.

Kenya has a total of 226,033km of road, but with only 161,451 having been classified. A total of 39,995 kilometres of classified roads are categorised as national trunk roads, with 121,456km classified as county roads.

That means, our road network Is twice yours.

Continue with the noise.

Just40:
take er

https://www.tor.com.gh/tors-services/storage/

Since you are denying that you saw it

You banned my account for no reason but the fact that you didn't like seeing that your Kipevu was 30 times smaller than just one product storage at Tema oil

I'm not a bot. Your constant Bs got you banned. Why should I even bother reporting people? That is being p*ssified and weak.

Shma:


Point of correction. I used classified roads in Kenya instead of total roads.

Kenya has a total of 226,033km of road, but with only 161,451 having been classified. A total of 39,995 kilometres of classified roads are categorised as national trunk roads, with 121,456km classified as county roads.

That means, our road network Is twice yours.

Continue with the noise.

if you used Classified road network, then you should know that Ghana classified road network is almost 90,000km ..

A total of 40,000km are national trunk roads and the rest are feeder roads and others..

All of this doesn't matter when only 5% of your country roads are tarred .....
Driving on dusty roads in your country is a health hazard...
Pave them

Shma:

I'm not a bot. Your constant Bs got you banned. Why should I even bother reporting people? That is being p*ssified and weak.

you get banned when someone like you report an account because your little feelings for hurt by facts

Shma:


It wasn't about Nigeria.

But since you've brought it, cool. Click this link below, read it carefully then come and complete your submission. Don't just pick small substrata of information then overlook the rest -that's why I came up with two different categories of ranks - from countries to cities.

In general, South Africa is the giant of startup ecosystem followed closely by Kenya. Nigeria comes third.

And please, being represented by 7 cities means nothing. South Africa is represented by 4, Egypt 2, Kenya 2 in that order. It doesn't mean the rest of the cities are sh*t.

https://africa.businessinsider.com/local/markets/here-are-the-top-5-african-countries-with-the-most-developed-startup-ecosystems/23v1mx8

On the contrary it means a lot, if it means nothing as you claim, there won't be a need to have a section for it.

Let me explain it to you, having several cities being ranked shows that tech start-up ecosystem is widespread! It means that there is massive potentials for growth unlike countries that have just one or two cities ranked, such as Kenya.

While Kenya has just Nairobi and Mombasa, Nigeria has Lagos, Ibadan, Abuja, P.H, Enugu, Kano and Benin city, cutting across every region!

Just40:
you get banned when someone like you report an account because your little feelings for hurt by facts

If reporting people is your thing then don't project it on everyone, zombie.

Your nonsense are just too much for bots to hold it - people get banned because of the Bs they peddle.

InvestinOwerri:


On the contrary it means a lot, if it means nothing as you claim, there won't be a need to have a section for it.

Let me explain it to you, having several cities being ranked shows that tech start-up ecosystem is widespread! It means that there is massive potentials for growth unlike countries that have just one or two cities ranked, such as Kenya.

While Kenya has just Nairobi and Mombasa, Nigeria has Lagos, Ibadan, Abuja, P.H, Enugu, Kano and Benin city, cutting across every region!

Good point. Now let's focus on the overall result, is that cool?

Shade light on the overall results. Kenya being ahead of Nigeria.

rvp2018:
Kenya is a very brutal open market economy - companies face brutal competition - many die - because of stiff competition. This is not Nigeria where a few Northern Dangote elite uses Abuja to enact MONOPOLIES - and can never fail - even if they charge Nigeria an arm and a leg. See Dangote selling you cement at 4,200 Naira . for 50 bag of cement.

When Nakumatta/Tusky/etc died - all their places plus more were taken. Now Naivas is approaching 80 stores. Nakumatt at it apex was 64. Tusky nearly got to 70. We have many stores opening.Show me an empty stores that was previously occupied and has no takers :

FIX you monopolies, open up your economy and you'll be like kenya - THRIVING.

How do you explain Dangote getting interest at 12 percent - while a Nigerian is getting 30 percent?
How do you explain Dangote getting to buy dollars at 380 - while a Nigeria goes to black market to buy at 550 to a dollar?
How do you explain Dangote not paying taxes - but simply tarmacking the road using his cement - a road that serves him?
How do you explain import restriction - with exceptions granted to some connected Northern Nigeria - while rest of Nigerian have to smuggle everything from Benin and Camerooun.

After all this concession - Dangote sell your cement almost 3 times more than Kenya - he becomes a multi billionaire - the country overtakes India as the capital of poverty.

If you have a true open market liberalized economy like kenya - one mistake you're OUT - bankrupted by competitors - one strategic blunder - you're DEAD - you have to stay on your toes - sell at cheapest price while offering the best services -

You often vituperate a lot of hogwash but the truth sometimes falls from your mouth

And you seem to follow up on the politics going on in Nigeria, you just presented some facts here

Just40:
if you used Classified road network, then you should know that Ghana classified road network is almost 90,000km ..

A total of 40,000km are national trunk roads and the rest are feeder roads and others.

All of this doesn't matter when only 5% of your country roads are tarred .....
Driving on dusty roads in your country is a health hazard...
Pave them

Now do the calculation. We have 226k km with 5% tarred.

Ghana has 110k km with only 2% tarred.

Quick math.

rvp2018:
More nonsense. Understand the basics before you start talking nonsense.

1) We have been talking about OIl Terminal. This is a facility where ships arrive and offload the cargo. Kenya had a single berths (berth 19-20 of Mombasa port) - so ships had to wait. That Kipevu(old) oil terminal. It was costing us 20m dollars in demurrage.

2) The New Kipevu is adding 770M of 4 berths - that nearly a kilometer - and will be able to handle 4 panamax/post-panamax at a go - the four can discharge 750 million litres of oil products in a single session. Arguably the biggest such oil terminal in Africa.

3) Once discharged the oil is temporarily stored (100,000 metric capacity for new Kipevu) before being pumped to Kenya Pipeline network of depots via the pipeline - and KPRL facility in Changamwe (refinery now being used as storage)

4) Kenya pipeline has capacity of 884,000,000 litres - about 884,000 metric tonnes - while KPRL has capacity of 650,000 metric tonnes - in storage farms. There is nothing close to that in Ghana. Those are large storage farms.

That is Gov of Kenya - Kenya Ports, Kenya Pipeline and Kenya Petroleum Refineries - state corporations.

5) Now Kenya oil companies - pick their oil from Kenya Pipeline depots - have their own storage systems for dealing with regional or town demands - most of them spread across east, southern and even part of north/south africa - Kenya oil companies operate in Ethiopia, South Sudan, Congo, Uganda, Tanzania, Rwanda, Burundi, Zambia and even Malawi.

Now throw your careless numbers as usual. You have the credibility of an ashawo in the street of Accra.

Kipevu oil terminal kipevu oil terminal kipevu kipevu kipevu blah blah blah....
Your kipevu is just a white elephant!

In few years, Uganda will start selling her petroleum products after completing her oil refinery. All Kenyans,east Africans and almost all neighboring nations will buy cheap oil from Uganda.

Your kipevu is useless

My friend I always speak nothing but the truth. You just need to pay a lot more attention. My arguments are always sound and backed by empirical evidence.

Nigeria is only working for a few mostly northern elite - but rest of the country has become a sea of poverty - where nothing literally works - not even electricity

InvestinOwerri:


You often vituperate a lot of hogwash but the truth sometimes falls from your mouth

And you seem to follow up on the politics going on in Nigeria, you just presented some facts here

Shma:

Good point. Now let's focus on the overall result, is that cool?

Shade light on the overall results. Kenya being ahead of Nigeria.

Nigeria is currently bullish in terms of tech ecosystem start-ups. Same way Lagos overtook Nairobi to become no1. is also how Nigeria is about to rank tops in Africa, judging by the trends.

Nigerian youths have smelt blood in IT and once they bring in their usual exuberance and passion, forget it it's game over for the likes of Kenya. Even your naturalized Indians won't be able to keep pace

68816419:
@Kaz
The real Giant of East Africa

Is a done deal.
We are ruling in east Africa. Our low cost of production gives us an edge

The usual Tanzania dullness in full display.
We spend 400M dollars on this.
We will make immediate savings annually of 20M dollars - from demurrage - I bet you pay more than Kenya.
20M times 20yrs - it would have paid for itself - and we would have improved in efficiency

As for Uganda - and OIL
We heard that story since 2006...we are 3yrs from celebrating 20yrs.
Nobody want to invest in Uganda Oil refinery.
Nobody want to invest in Tanga-Hoima Longest heated pipeline...

Like Bogomoyo port, the Tanga-Hoima and refinery it's not even a white elephant - it a dead cat

Kazikazi:
Kipevu oil terminal kipevu oil terminal kipevu kipevu kipevu blah blah blah....
Your kipevu is just a white elephant!

In few years, Uganda will start selling her petroleum products after completing her oil refinery. All Kenyans,east Africans and almost all neighboring nations will buy cheap oil from Uganda.

Your kipevu is useless

rvp2018:
We are bending backwards because the current president of TZ - Suluhu -is more reasonable than tinpot dictator the late Magufuli who had almost killed regional trade. If they were to allow free trade to flourish - Kenya will take them to cleaners.

Kenyan manufacturers had in recent years protested “discriminative” duties and non-tariff barriers such as double inspection of goods for standards by Tanzania which had made supplies such as meat, milk, and related products to the neighbouring country uncompetitive.
The protectionist fees, Kenyan manufacturers argued, was against the EAC Common Market Protocol, which requires member states to open up borders to facilitate free movement of goods, labour, services as well as capital.

Stop crying. Things change. Nothing is permanent
Remember,Tz has trade surplus with all east African member states. Again,we have trade surplus with most of SADC nations like SA,DRC,Comoroes,etc

rvp2018:
My friend I always speak nothing but the truth. You just need to pay a lot more attention. My arguments are always sound and backed by empirical evidence.

Nigeria is only working for a few mostly northern elite - but rest of the country has become a sea of poverty - where nothing literally works - not even electricity

Now you're mixing facts with fiction. You're right when you said that the government works for some Northern elites, particularly Dangote. However, irony is that only the Northern region is a "sea of poverty". If Southern Nigeria should be a country, Kenya won't even come close in terms of HDI.

Unfortunately, the Northern politicians encouraged mass procreations while discouraging western education, based on their own brand of voodoo politics and sheer wickedness. That's why most of the ills currently bedeviling Nigeria occurs in the North, poverty, Illiteracy, insecurity etc.