₦airaland Forum

rvp2018:
Look like they actually paid the French some serious money - There is always a bigger fool - paid 600M dollars (exchange rate of that time) - and now they taken 50M dollars .

They sold Equity for 52B kshs - and put the same on Telkom Kenya.

https://www.standardmedia.co.ke/business/financial-standard/article/2000182779/what-the-exit-of-orange-yumobile-tells-us-about-kenyas-telecoms-scene
The value of the deal remains a closely guarded secret for now. “Unfortunately, they are not commenting on the transaction at this stage,” said Helios’ PR handlers FTI Consulting. However, sources estimate the deal to be worth about Sh50 billion. The figure is Sh24 billion more than what the Frenchmen paid ($390 million or Sh26 billion) in 2007 to acquire 51 per cent of Telkom Kenya. In the sale, the source told Business Beat that as part of the deal, the new owners are expected to take up Telkom Kenya’s debts accumulated over the years.

Although the actual amount pocketed by Orange is unknown for now, close industry observers believe the deal brokered by the French company amounted to a hefty profit that could cover losses it incurred over the eight years since it started operations. However, Treasury is the biggest loser in the deal having seen its stake diluted from 49 per cent to 30 per cent, even though it has over time injected billions of shillings to keep the operator afloat. Also, Telkom Kenya has lost key assets.

You are quite obtuse. The French and the Nigerians only came to cheat Kenya. Read the bolded. Kenya's taxpayers money was used to run that company and you people according to your own source are the biggest losers. And the last part says the company lost valuable assets.
Concerning Equity deal, the Nigerians divested because they've made their returns in multiple folds, so it was time to cashout and spread their money. It matters little to them that equity is now bigger. There's a plan for everything. When you need your money you sell your shares to raise money.

Wuoche:
Failed system.

at least, u can google search Lagos brt buses on the internet, urs couldn't even kick off for over 5years.

Treasury made it's money long time ago.
Telkom started Safaricom...gov spinned off Safaricom and left Telkom with more liabilities than assets.
Now French got duped...they not only invested 390M to buy a dead thing...they didnt make a single profit....and they re-invested alot of money.
Gov refused to invest....therefore Orange shareholding grew to 70% from 50%.
Then stupid Nigerians came....they bought it for 500-600M...now have sold it for 50m under the cloud of secrecy - perhaps they bribed.
Remember to keep Telkom as going concern require lots of money.
Assest solds are re-invested to pay debts and salaries..NOBODY cash out from a dead thing. It just not possible.
The shareholders are last people to cash out.
Helios never cashed out anything except this 50m cheque... I hope they got the cheque because Ruto could as well refuse to pay
From 600m to 50m in about 10yrs
The worst investment decision ever.

obaaderemi:
You are quite obtuse. The French and the Nigerians only came to cheat Kenya. Read the bolded. Kenya's taxpayers money was used to run that company and you people according to your own source are the biggest losers. And the last part says the company lost valuable assets.
Concerning Equity deal, the Nigerians divested because they've made their returns in multiple folds, so it was time to cashout and spread their money. It matters little to them that equity is now bigger. There's a plan for everything. When you need your money you sell your shares to raise money.

rvp2018:
Scrapping the bottom of the barrel. Kenya led in digital economy by far in many parameters.

Cyrptos

Kenya has the largest share of its population with cryptocurrencies in Africa, says the United Nations, pointing to the country’s exposure to the ongoing meltdown in the crypto market.

A report by United Nations Conference on Trade and Development (UNCTAD) says that 8.5 percent of the population or 4.25 million people own cryptocurrencies in the country.
This places Kenya ahead of developed economies such as the United States, which is ranked sixth with 8.3 percent of its population owning digital currencies.

War-torn Ukraine is ranked top, with 12.7 percent share of its population with cryptocurrencies, followed by Russia (11.9 percent), Venezuela (10.3 percent) and Singapore (9.4 percent

Wow! On the surface unbelievable but knowing another side of Kenya just from this thread it's NOT surprising at all.

[/quote][quote author=68816419 post=117730022]Ati failed terribly, you must be high on some luo drugs .The Lagos BRT achieved socio-economic, environmental and public health success, feasibility, as well as cost-effectiveness by starting small in line with the capacity of public and private actors involved. Within the first one hundred days, the BRT led system had carried over 9.7 million passengers. same goes to DAR BRT systems
In TZ alone, the advent of BRT systems has lead to so many accompanying PROJECTS

https://www.youtube.com/watch?v=zgH34iMGTWg
Lagos light rail, water ways and BRT systems integrations is nearing completion
proposals videos

https://www.youtube.com/watch?v=0u9geu9WT88

https://www.youtube.com/watch?v=UntkyDltIwA

constructions (96% completed)


https://www.youtube.com/watch?v=ZpAqeMCiaY0&t=369s

Don't ever post these things. Especially the last project.
You started constructing your blue rail system in 2011, 11yrs ago. Yet still no signs of completion.
A mere 27km of rail infrastructure (electric or not) should not go past 2yrs. This is a clear indication of a failed state. A zoo.
We did expressway in less than 1.5 yrs. Expressway is more complex, expensive, and labor-intensive than the $1.2B stretch of a rail line.
This documentary was reliesed in 2020, two yrs ago before the expressway break its ground.


https://www.youtube.com/watch?v=DUe6M_NLeWY

Another 589km masterclass rail infrastructure that took only 4 and a half years to be completed.
[b]China Communications Construction Company, the project kicked off in December 2014, and was completed two and a half years ahead of schedule. It was officially opened in May 2017. The SGR was shortlisted by American engineering magazine Engineering News-Record as the world’s best railway project in 2018.

Each SGR freight train has a capacity of 4,000 tons and can carry 108 TEUs. Their maximum speed is 80 kilometers per hour. Each passenger train can carry 1,096 people and the maximum speed is 120 kilometers per hour. By June 30, 2019, the SGR had transported 3 million passengers and 5 million tons of freight in 761 days of safe operation. At present, the SGR operates 4 passenger trains and 14 freight trains daily, with the average occupancy rate of the passenger trains being over 90 percent.

More than 300 local enterprises and 1,200 local suppliers participated in the construction of the SGR, together creating more than 46,000 direct and indirect jobs. More than 90 percent of the employees are locals. The project has also trained 5,000 local person[/b]

obaaderemi:
Kenya is lost. The post-covid issues will continue to mess up Kenya for a long time to come. Debt keeps rising, inflation is rising, climate change is affecting the country worse than most other African countries, the ksh is going down, etc. And you can't expect them to have a boom from any minerals. Minerals wouldn't really matter but in a continent like Africa where hci and investments are low, minerals matter. They absorb some of the shock.

I'm taking a risk knowingly engaging a professional Makoko danfo man but nigga do you know what this chart means!?

That's your OFFICIAL rate! The real rate has broken 700!

Those who know say it may well fall off a cliff.

The naira is floating, indeed, tumbling freely with no hold based on positive economic imperatives. There is apprehension that except there is a complete turnaround, the naira might plummet to N1000/$1.

https://guardian.ng/opinion/any-red-line-for-the-falling-naira/

Luckily people apart from your mental age mates on this thread can see the obvious major takeaways of the writeup.

The floating of the naira has triggered the worst economic downturn since the end of the Nigerian Civil War.

Even the aviation biz you were prematurely nutting over is DOA.

From the aviation industry is the fact that no less than 14 foreign airlines have shut down their operations in Nigeria due to the rising cost, low patronage, low profit and harsh operating environment

Ohh,Naij! SIGHHHH!?

samorobo:
Are you still doubting if this guy is shma ; D
Dumbass n*gga

Little brains are bound to make countless wrong guesses. they don't have the psychological charisma to discern the undertone and tell the actual moniker.

That is a gift only for me and the few gifted. Any high-rated chess player will understand this.

Ednaseret:
Thanks to you Kenyans brethren. These made me to real cry for my country.
https://www.youtube.com/watch?v=7GAh59VDY4E

Ednited, if that's you supuu just know Kenya and Ethiopia will be together FOREVER!
KCB, Safaricom and Equity are merely the beginning of a new socio economic marriage.
In the meantime dry your eyes and know even better days are coming.

rvp2018:
Ghana traders closes shop for 3 days as Cedis near 13 to a dollar - the next SriLanka/Lebanon.

https://www.youtube.com/watch?v=ui_Fi1TnY1A

https://www.youtube.com/watch?v=TeZX-URuMQo

This won't change the fact that Kenya is going through worst situation now

Wuoche:
Danfo can't be compared with Matatu. Stop that thing you are smocking.

1. Danfo
2. Matatu
3. Matatu

What makes Matatu different from Danfo? is it the paintings on Matatu or it's about the designs of the cars?

You K-nyansh and your way of reasoning is so terrible.

vankelvin:
What makes Matatu different from Danfo? is it the paintings on Matatu or it's about the designs of the cars?

You K-nyansh and your way of reasoning is so terrible.

Danfo are dirty with tired engines. Matatu is class, clubs on the wheel, neat and with a lot of vibe. Ask this Ghanaian will tell the vibe of Matatu.


https://www.youtube.com/watch?v=YgTraVWvu7E

rvp2018:
KaziKazi here is Mt kenya - not our other mountain (that we donated)

pwaaaa pwaaa pwaaa
What are you trying to compare Kilimanjaro with?
You came up with those icecubes?

This is Kilimanjaro, Africa's highest peak,Tanzania. ....

vankelvin:
What makes Matatu different from Danfo? is it the paintings on Matatu or it's about the designs of the cars?

You K-nyansh and your way of reasoning is so terrible.

Innovation and creativity. You don't need rocket scientist to tell you the diffrence.

Danfo is outrighty ugly, zero creativity, rusted, and with no vibe.


https://www.youtube.com/watch?v=v7vh6tV74QE

rvp2018:
KaziKazi here is Mt kenya - not our other mountain (that we donated)

Son,
Why do u wanna fight with your big brother?

Kilimanjaro, Tanzania

Wuoche:
Danfo are dirty with tired engines. Matatu is class, clubs on the wheel, neat and with a lot of vibe. Ask this Ghanaian will tell the vibe of Matatu.


https://www.youtube.com/watch?v=YgTraVWvu7E

Bottom line they are normal public transport buses just like Danfo
You cannot compare this to a BRT system

Wuoche:
Danfo are dirty with tired engines. Matatu is class, clubs on the wheel, neat and with a lot of vibe. Ask this Ghanaian will tell the vibe of Matatu.


https://www.youtube.com/watch?v=YgTraVWvu7E

Give us a break
there are dirty matatu's and there are clean matatu's as well. The point here is both matatu's and Danfo fall under the same classification

Kazikazi:
Son,
Why do u wanna fight with your big brother?

Kilimanjaro, Tanzania

Tanzania is not diversified like Kenya.

We have beaches.
Ice-caped mountain.
Beautiful sand dunes.
Etc.

What little Tanzania has Kenya has. Vice versa is not true.

vankelvin:
Bottom line they are normal public transport buses just like Danfo
You cannot compare this to a BRT system

What's special in BRT buses? If you ask me I'll tell you that BRT buses are nonsense without the special lanes. Put a BRT bus and a Matatu in the same condition and you will see Matatu outperforming BRT buses hands down.

vankelvin:
Give us a break
there are dirty matatu's and there are clean matatu's as well. The point here is both matatu's and Danfo fall under the same classification

Which classification is that?

rvp2018:
Safaricom has some best marketting gurus - I dont see how Ethiopian Telkom SOE will survive.

I doubt Ethiopia eyes have seen such a spectacle before. It was a once in a lifetime thing- like seeing a UFO!
Five yrs hence they'll be like "where were you when Ethiopia Safcom launched on 6/10/22?"

Wuoche:
Both Dar and Lagos BRT systems failed terribly. There is no inspiration that one can get from them. Kenyan media outlet used to compare Tanzanian BRT with local transport but since they realized its failure, they stopped comparing Tanzanian BRT to Matatu.

You can try to bury your head on a sand,but the truth is Dar BRT have won some global transportation awards,even your fellow Kenyans are admiring our BRT


https://www.youtube.com/watch?v=2VLc9sqJ6VM&t=39s

rvp2018:
Ghana traders closes shop for 3 days as Cedis near 13 to a dollar - the next SriLanka/Lebanon.

https://www.youtube.com/watch?v=ui_Fi1TnY1A

https://www.youtube.com/watch?v=TeZX-URuMQo

The most powerful pressure group in all of Ghana political history

JamaicanRum:
My brother you sound like a really smart guy. You've definitely gone to the top schools in your country and probably abroad and I can tell it through your sober and intelligent arguments. One thing I need to understand is why your populace is defending the political class with all the injustice inflicted on them all this years.

Nigerians always talk against their government. So I don't know what you're saying. You should instead direct that question to your people.

Shma2022:
Tanzania is not diversified like Kenya.

We have beaches.
Ice-caped mountain.
Beautiful sand dunes.
Etc.

What little Tanzania has Kenya has. Vice versa is not true.

comparing kenya with TZ is a joke.
Son,are u having this stuff? Answer me son

lengai volcano,Tanzania. ..

Wuoche:
Mahali Mzuri, Kenya.

Tell that owner of virgin airline to use a proper Swahili on his investment.

mahali mzuri

Mahali pazuri

Saddamochieng00:
The guy is the farthest thing from smart you'll ever meet. Just tell us what you saw in that zoo. No need for diplomacy when dealing with this guys.

You're a big foo!! Sanda-mocheng

Wuoche:
Welcome to Mara, Africa’s most famous game reserve �

without Serengeti,your masai mara is a dead wood

obaaderemi:
You are always thinking of food. You must be a starving little Indian. That's the only thing you folks think of. I think the urge has to do with your perennial starvation.

This is the last time I'm replying to you. You must be gallipig.

Precisely? That's the p.i.g. He came with calm words to hide his identity! Gallipig must be a learner.

68816419:
@KAZ: Tafadali, can you provide recent updates on these projects ?

https://www.youtube.com/watch?v=xPpcP7kfQ5s

15 projects are too many to give a detailed updates. I have given updates on many of these projects on my previous posts.But since u asks,I will keep on doing it.
Out of all those 15 projects,few of them has no movements currently. .

Project 15: cable cars on Kilimanjaro.

Project have not started. The government is still arguing with environmentalists and tour guides association who are opposing the project.If this hurdles will be removed,the project will commence immediately since the investors are ready.

Kazikazi:
comparing kenya with TZ is a joke.
Son,are u having this stuff? Answer me son

lengai volcano,Tanzania. ..

Don't think like a two year old.
There is no beauty in calamities. Mount Longonot, Mt. kenya, and many more were all active volcanic mountains - (only good for geographers and scientists but not for the country and any human,) luckily, they are now dormant. Just like floods, earthquakes, and tsunamis; Calamities are more detrimental and catastrophic to human beings' lifestyles.

Please, don't hype calamities.

And the most stupid because USD exchange rate is beyond Ghana gov It cant control it; They are not the US Fed Reserve Bank

Just40:
The most powerful pressure group in all of Ghana political history