₦airaland Forum

Only if you secede management - in some special agreement.
KQ was profitable when KLM were 40% shareholder because they held 4 key position - finance, commercial, operation and aviation.
Otherwise as a majority ; you can overrule minority.

So problem here is we are NOT selling a profitable safaricom - we are selling loss makin company - that require capital and management to take off.

So Delta will only accept 49% but will insist on picking CEO and maybe top 3 directors.

vankelvin:
[b]
So far as it's profitable even if it's 20% they will pump money into it.

Mad cow in his element. Default is big deal and your economy dead for 20yrs. Keep on living in lalaland but it will soon be clear.

You're still stuck in domestic debt which have come unstuck as local investors have refused to play - and have yet to process today news - where you also defaulted on almost all external debt.

You joined Ethiopia, Zambia and Chad.

Anytime you hear debt restructuring - then you've defaulted.

Just30:
I don't have to waste more words on you, this still remains a perfect write up for your ain't size brain.

Kenya that has defaulted on 4 debt already and is pushing the repayment of others as carry forward meet it obligation? Let me laugh
Youve not been meeting your obligations for 4 years now.

This publication is for current holdout creditors still thinking of being holdout creditors by the new date of 30 December.
It simply gives them 2 options to either trigger their legal clauses for govt to trigger it legal freeze clause so that the govt can move on with it CAC with the majority in agreement while the holdouts go through a lengthy court process or run for further negotiation.

If comprehension is too hard for you... You can read from the attached comment, it makes it simpler

vankelvin:
We are on the same page
I prefer at least 10% owned by Government
41% owned by citizens (indigenes)
then at most 49% owned by foreign partners

OR

90% owned by citizens
10% for Government

that's also private ownership .... So in actual fact you want 90%+ of shares to be privately owned

rvp2018:
Mad cow in his element. Default is big deal and your economy dead for 20yrs. Keep on living in lalaland but it will soon be clear.

You're still stuck in domestic debt which have come unstuck as local investors have refused to play - and have yet to process today news - where you also defaulted on almost all external debt.

You joined Ethiopia, Zambia and Chad.

Anytime you hear debt restructuring - then you've defaulted.

Lunatic

No one has defaulted except Kenya and that is why your country is facing depression for the next 30 years and looking for countries to join in your misery.

By the time you guys will be able to reduce your 2 items consuming 140% of revenue, most of you Kenyans would have become like Turkanas

Even after years of Kenya being offered debt relief by China, the WB and Ghana even negotiating debt relief from your Eurobond holders on your behalf, you guys still managed to default on 4 debts and ran to the IMF on stretchers.

Just30:
Lunatic

No one has defaulted except Kenya and that is why your country is facing depression for the next 30 years and looking for countries to join in your misery.

By the time you guys will be able to reduce your 2 items consuming 140% of revenue, most of you Kenyans would have become like Turkanas

Even after years of Kenya being offered debt relief by China, the WB and Ghana even negotiating debt relief from your Eurobond holders on your behalf, you guys still managed to default on 4 debts and ran to the IMF on stretchers.

This is madth......

jl115:
according to who?..... GDP ppp is a better comparison since it takes cost of living into account

I don't think I'm interested in these stupid cyclical arguments anymore. I said GDP nominal is more used than PPP. This is something every sane person knows.

Macroeconomic factors are important economic
indicators, and GDP nominal and GDP PPP are two key
indicators. Out of the two, GDP nominal is the widely used
measure, and GDP PPP can be used for selected decision
making. The key difference between GDP nominal and
GDP PPP is that GDP nominal is the GDP unadjusted for
the effects of inflation and is at current market prices
whereas GDP PPP is the GDP converted to US dollars
using purchasing power parity rates and divided by total
population.

rvp2018:
Only if you secede management - in some special agreement.
KQ was profitable when KLM were 40% shareholder because they held 4 key position - finance, commercial, operation and aviation.
Otherwise as a majority ; you can overrule minority.

So problem here is we are NOT selling a profitable safaricom - we are selling loss makin company - that require capital and management to take off.

So Delta will only accept 49% but will insist on picking CEO and maybe top 3 directors.

Very good

jl115:
that's also private ownership .... So in actual fact you want 90%+ of shares to be privately owned

I think you did not read the start of our Convo
I'm only against foreign partner/s having more than 49% but I'm all for private majority share holding (where private means citizens not foreign nationals)

I see you"re now willing to stand you ground and not allow the boer to run all over. Yes nominal gdp is gold standard. PPP is still a concept.

Obaaderemi2:

I don't think I'm interested in these stupid cyclical arguments anymore. I said GDP nominal is more used than PPP. This is something every sane person knows.

How did you get here. I told you 3yrs ago - you were going to end up bankrupt.

Debt interest alone is now going to consume 100% of revenue.

That is minus principal. Your are going to spend 20yrs to fix this - 15yrs just paying interest. Default is NOT A JOKE.

Last time Ghana got debt forgiven together Nigeria - now everyone think you need to go through proper lesson of prudent management of money

My next prediction - because it appears Ghana gov is equally mentally deranged like you - we are going to see Sri Lanka like meltdown in Q1

Just make sure you go to your village and farm. You'll need your own food. The financial system will go haywire

Just30:
Lunatic

No one has defaulted except Kenya and that is why your country is facing depression for the next 30 years and looking for countries to join in your misery.

By the time you guys will be able to reduce your 2 items consuming 140% of revenue, most of you Kenyans would have become like Turkanas

Even after years of Kenya being offered debt relief by China, the WB and Ghana even negotiating debt relief from your Eurobond holders on your behalf, you guys still managed to default on 4 debts and ran to the IMF on stretchers.

rvp2018:
How did you get here. I told you 3yrs ago - you were going to end up bankrupt.

Debt interest alone is now going to consume 100% of revenue.

That is minus principal. Your are going to spend 20yrs to fix this - 15yrs just paying interest. Default is NOT A JOKE.

Last time Ghana got debt forgiven together Nigeria - now everyone think you need to go through proper lesson of prudent management of money

My next prediction - because it appears Ghana gov is equally mentally deranged like you - we are going to see Sri Lanka like meltdown in Q1

Just make sure you go to your village and farm. You'll need your own food. The financial system will go haywire

another bunch of nonsense again

I told you 4 years ago that Kenya was defaulting on it debt and any kind of external pressure will push your country overboard and it happened.... Now you're doing 140% on just two items and your country can't finance recurrent expenditure nor spend on Capital expenditure...
Even with IMF forcing your govt to cut down 40% of it expenditure ... I'm even wondering where Kenya is going to cut that 40% from especially considering that it only spend 140% of it revenue on 2 items that it can't cut from.

You only have one option, to keep defaulting on more debt as well as strangling Kenyans with more taxes which they will not see the benefit of even in the next 30 years because your debt behemoth is so huge that you can't pay back. Carry forward of debt due only compound your next year payment.

Kenya school children who don't have desk to sit on will not have desk to sit on for the next 30 years.
Kenya will not be able to hire the 40,000 teachers it so badly need to fix the double stream crisis in your education because you can't pay them.
Next dormitories and classrooms that have to be built will not be built.
Healthcare infrastructure and medicine needed cannot be provided.
50% of Kenyans in darkness will remain in darkness for the next 30 years because your grid cannot be extended unless you pray for some US and European aid.


As for Ghana, she has fully recovered with inflation dropping to 15% and cedi fully recovered.
Debt to GDP ratio will be at 48% (48 billion) as the GDP has crossed 100 billion dollars.
Debt servicing of 3.5 billion is less than 20% of revenue (25 billion dollars)

Bonny Island Nigeria.


https://www.youtube.com/watch?v=6fq71yRMSiA

GeneralDae2:
Bonny Island Nigeria.


https://www.youtube.com/watch?v=6fq71yRMSiA

Nowhere in Kenya, I guarantee, can ever compare to this

Kenya is in dire need as a growing import bill and debt servicing cost has depleted the Kenyan reserves.... Even Kenyans don't want their Govt bonds and treasure bills anymore ...
Hugely under subscribed by 40% consistently.

Kenya debt now 9.7 trillion kshs and GDP 106 billion dollars with the shillings depreciating fast.

You're wasting your time hoping kenya will join Ghana . Try Nigeria.
Kenya is Africa most resilient economy that has braced through all sorts of crisis including 1990 sanctions.
That is why we have one longest democracy and you see Nairobi - and you cant believe it.

Kenya is not your typical SUB SAHARA economy that depends on nonsense like minerals

Kenya revenues in 5 months - up 10%
Last year it improved from 1.69 trillion to 2.03 trillion.

This year the target is whoping 2.46 trillion.

That fool is almost 24 B dollars.

Give up. Next year we hit 30B dollars - and 5yrs we would be at 40-60B dollars - South Africa is at 107B dollars - from 80b in 2020.
https://www.bloomberg.com/news/articles/2022-12-18/ruto-vows-big-revenue-boost-budget-cuts-after-kenya-downgrade#:~:text=Ruto%20targets%20to%20nearly%20triple,the%20US%2DAfrica%20Leaders%20Summit.

https://nation.africa/kenya/business/kra-five-month-revenue-collection-up-10pc-4058408
The Kenya Revenue Authority (KRA) has recorded a 10.2 percent growth in revenue collection for the first five months of the current financial year, driven by new tax measures and positive economic recovery.

National Treasury data shows KRA netted Sh758.58 billion in tax revenue for the five months to November, an increase from the Sh688.08 billion tax revenue it collected in the same period last year.

The Treasury introduced a raft of new tax measures in July through the Finance Act, 2022 including an increment of excise duty on products such as fruit juices, cosmetics, beer, wines, spirits, and cigarettes

But with just a month to cross the first half of the fiscal year, however, KRA still lags in its race to collect the National Treasury target of Sh2.46 trillion tax revenues exclusive of grants by the end of June.

KRA collected a record Sh2.031 trillion in revenues for the financial year 2021/22 up from the Sh1.669 trillion it collected in the previous year.

Just30:
Kenya is in dire need as a growing import bill and debt servicing cost has depleted the Kenyan reserves.... Even Kenyans don't want their Govt bonds and treasure bills anymore ...
Hugely under subscribed by 40% consistently.

Kenya debt now 9.7 trillion kshs and GDP 106 billion dollars with the shillings depreciating fast.

rvp2018:
You're wasting your time hoping kenya will join Ghana . Try Nigeria.
Kenya is Africa most resilient economy that has braced through all sorts of crisis including 1990 sanctions.
That is why we have one longest democracy and you see Nairobi - and you cant believe it.

Kenya is not your typical SUB SAHARA economy that depends on nonsense like minerals

Kenya revenues in 5 months - up 10%
Last year it improved from 1.69 trillion to 2.03 trillion.

This year the target is whoping 2.46 trillion.

That fool is almost 24 B dollars.

Give up. Next year we hit 30B dollars - and 5yrs we would be at 40-60B dollars - South Africa is at 80B dollars.
https://www.bloomberg.com/news/articles/2022-12-18/ruto-vows-big-revenue-boost-budget-cuts-after-kenya-downgrade#:~:text=Ruto%20targets%20to%20nearly%20triple,the%20US%2DAfrica%20Leaders%20Summit.

https://nation.africa/kenya/business/kra-five-month-revenue-collection-up-10pc-4058408
The Kenya Revenue Authority (KRA) has recorded a 10.2 percent growth in revenue collection for the first five months of the current financial year, driven by new tax measures and positive economic recovery.

National Treasury data shows KRA netted Sh758.58 billion in tax revenue for the five months to November, an increase from the Sh688.08 billion tax revenue it collected in the same period last year.

The Treasury introduced a raft of new tax measures in July through the Finance Act, 2022 including an increment of excise duty on products such as fruit juices, cosmetics, beer, wines, spirits, and cigarettes

But with just a month to cross the first half of the fiscal year, however, KRA still lags in its race to collect the National Treasury target of Sh2.46 trillion tax revenues exclusive of grants by the end of June.

KRA collected a record Sh2.031 trillion in revenues for the financial year 2021/22 up from the Sh1.669 trillion it collected in the previous year.

another bunch of nonsense that does not deal with Kenya reserves decline to 7 billion
Debt service taking 70% of revenue
Kenya shilling trading at 127kshs
2 items taking 140% of revenue
Kenya govt swapping it debt and domestic debt getting under subscribed leaving your govt in a desperate situation unable to finance itself.

Kenya is in the company of defaulters like Sri Lanka, Lebanon and co don't try to compare Ghana to your mess.


I like your wishful thinking that 2 trillion kshs is equivalent to 24 b

Bankrupt Ghanian bankrupt of ideas.
Kenya debt service this year will be 1.3 trillion - our revenues including AIA projected at 2.6 trillion.
THAT is 50%
Kshs is at 123 - this is actually where KSHS should have been - and we are happy.
Central Bank is not defending KSH
This was our medium-term target - IMF wanted devaluation done ASAP but this crisis has done it.

IMF and Kenya technical analysis conclusion was that KSHs was overvalued by 20% - something like 127 was the target - Kenya gov refused to devalue saying the market will decide - IMF disagreed and categorized KSHs as managed currency

Kenya gov is happy with depreciation - this crisis has got us where we wanted.

Mind your bankrupty - and see you in 2040.

I am going to enjoy the shiet show.

Next country to watch in Africa - Nigeria - but they have got their oil game ON.

You're well done. We are moving to watching Nigeria.

Just30:
another bunch of nonsense that does not deal with Kenya reserves decline to 7 billion
Debt service taking 70% of revenue
Kenya shilling trading at 127kshs
2 items taking 140% of revenue
Kenya govt swapping it debt and domestic debt getting under subscribed leaving your govt in a desperate situation unable to finance itself.

Beautiful Nigeria.

https://youtube.com/shorts/lrxiqzBL4Hg?feature=share

Christmas road trip in Lagos

https://www.youtube.com/watch?v=K0AfLRceC50

There is hope for Nigeria. Is that VI? I am suprised traffic lights are on.

68816419:
Christmas road trip in Lagos

https://www.youtube.com/watch?v=K0AfLRceC50

rvp2018:
I see you"re now willing to stand you ground and not allow the boer to run all over. Yes nominal gdp is gold standard. PPP is still a concept.

Thank you.

rvp2018:
There is hope for Nigeria. Is that VI? I am suprised traffic lights are on.

Ikoyi and some parts VI, The majority of streetlights and traffic lights in Kaduna, Abuja, Lagos, and PH are now solar-powered. making it simpler to maintain and operate

Just30:
Kenya is in dire need as a growing import bill and debt servicing cost has depleted the Kenyan reserves.... Even Kenyans don't want their Govt bonds and treasure bills anymore ...
Hugely under subscribed by 40% consistently.

Kenya debt now 9.7 trillion kshs and GDP 106 billion dollars with the shillings depreciating fast.

Africa seriously needs to do something about debt in 2023. It's beginning to look like a trap to keep Africa down. Even on individual basis debt is bad. It stunts growth. Money needed for development goes into paying back debts. That's a recipe for future lack of development.He who goes aborrowing goes asorrowing indeed.

It affects growth of the economy. It's seriously affecting growth rate in Nigeria. I think we're supposed to grow at around 3% this year. What's Ghana:s growth rate for this year?

68816419:
Ikoyi and some parts VI, The majority of streetlights and traffic lights in Kaduna, Abuja, Lagos, and PH are now solar-powered. making it simpler to maintain and operate

VI has changed a lot from what it used to look like around 2008.

rvp2018:
There is hope for Nigeria. Is that VI? I am suprised traffic lights are on.

Different areas of Port Harcourt Nigeria Other than Abuja, Lagos, and Kaduna, no other African city is experiencing as extensive urban renovation as Portharcourt.

https://www.youtube.com/watch?v=0GZxePmFVfg&t=361s


https://www.youtube.com/watch?v=kMOYMYl2y1Y&t=5s

Maitama


https://www.youtube.com/watch?v=YVvlhbLM1xc
Abuja (the greenest city in Africa)
Wuse

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

Asokoro district

https://www.youtube.com/watch?v=dj1vnzGyiCY&t=995s

Obaaderemi2:

I don't think I'm interested in these stupid cyclical arguments anymore. I said GDP nominal is more used than PPP. This is something every sane person knows.

GDP ppp is still a better measure of economic performance....

vankelvin:
I think you did not read the start of our Convo
I'm only against foreign partner/s having more than 49% but I'm all for private majority share holding (where private means citizens not foreign nationals)

OK cool

Obaaderemi2:
VI has changed a lot from what it used to look like around 2008.

Many developers are no longer afraid to build because they believe their investment won't be destroyed by flooding as a result of eko Atlantic's reclamation. Additionally, the Buhari government has become somewhat relaxed in fighting corruption, making it simpler for investors to bring out money and invest more.
Trust me, Eko Atlantic would choose even more quickly if Tinubu is elected president.

Obaaderemi2:
Africa seriously needs to do something about debt in 2023. It's beginning to look like a trap to keep Africa down. Even on individual basis debt is bad. It stunts growth. Money needed for development goes into paying back debts. That's a recipe for future lack of development.He who goes aborrowing goes asorrowing indeed.

It affects growth of the economy. It's seriously affecting growth rate in Nigeria. I think we're supposed to grow at around 3% this year. What's Ghana:s growth rate for this year?

We were expecting 5.8% but currently doing 4.8%

rvp2018:
Bankrupt Ghanian bankrupt of ideas.
Kenya debt service this year will be 1.3 trillion - our revenues including AIA projected at 2.6 trillion.
THAT is 50%
Kshs is at 123 - this is actually where KSHS should have been - and we are happy.
Central Bank is not defending KSH
This was our medium-term target - IMF wanted devaluation done ASAP but this crisis has done it.

IMF and Kenya technical analysis conclusion was that KSHs was overvalued by 20% - something like 127 was the target - Kenya gov refused to devalue saying the market will decide - IMF disagreed and categorized KSHs as managed currency

Kenya gov is happy with depreciation - this crisis has got us where we wanted.

Mind your bankrupty - and see you in 2040.

I am going to enjoy the shiet show.

Next country to watch in Africa - Nigeria - but they have got their oil game ON.

You're well done. We are moving to watching Nigeria.

Say no more.

rvp2018:
I see you"re now willing to stand you ground and not allow the boer to run all over. Yes nominal gdp is the gold standard. PPP is still a concept.

Really!!

Lemme analyze for you the algorithm of his antics.

For starters; This guy is anti-Kenyan. Don't be bamboozled by his action toward Jl115 's
response ; he's just expressing his usual mood swings. Jl115 gave him a brutal fact_: NIGERIA IS BELOW KENYA ON MOST ACCURATE INDICES ---- GDP PPP included! that didn't seat well with him. He unleashed his Opera theorem to counter but it was all futile. He's now in high dudgeon mode trying to heal from Boers' inhuman act. Don't buy into that --- lest you forget he will be massaging hobbits @rse shortly after you're done throwing bouquets at his act.
He is mad because he expected boer to forever be anti-Kenyan just like his dog justo30.

Vaxx, Theenchanter, and JI115 are the only real deals here. Their loyalties are to Facts. Of course without forgetting popizaino.

68816419:
Many developers are no longer afraid to build because they believe their investment won't be destroyed by flooding as a result of eko Atlantic's reclamation. Additionally, the Buhari government has become somewhat relaxed in fighting corruption, making it simpler for investors to bring out money and invest more.
Trust me, Eko Atlantic would choose even more quickly if Tinubu is elected president.

Of course, Eko Atlantic is Tinubu's idea. There's no way that man would watch the dream linger if he becomes president.