₦airaland Forum

gallivant:
Nairobi

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gallivant my man . How do u post pictures like this without getting Ur post deleted and Ur account restricted ?

I'm talking about the ,[img]link of picture from website[/img,] thing.

I keep trying to post updates from alaro city like that but each time I do, the post gets deleted. And I can no longer post for sometime.

rvp20182:
I never liked that short balooned man with iritating voice; He has messed big time;

I hope they dont elect another Bawuma his VP and go for former president;

Otherwise they are finished.

He is a total fraud with loud mouth that says alot of nice but sensational things.
Imagine still keeping 110 ministers and 1000 presidential staffers even though the country is on the verge of collapse.

Poor Ghana - they deserved better. John Koffour and Mahama were way better than this comedian. If they elect Bawuma - they may need another Jerry Rawling to straighten them up. Having dealt with mad cow Just30 - I know understand why Rawlings had to beat their crap

POKUASI2:
He is a total fraud with loud mouth that says alot of nice but sensational things.
Imagine still keeping 110 ministers and 1000 presidential staffers even though the country is on the verge of collapse.

Accra .... An amazing city


https://www.youtube.com/watch?v=DH86NkN2SnA

@where is vankelvin?

I just thought about the economic consequences of quantitative easing that Central banks took as a response to the recession caused by COVID and how Central banks have been trying to manage the repercussion of that monetary policy. Inflation since then has been rampant largely attributed to excess market liquidity, global supply chain disruptions, and the Russia - Ukraine war.
The Federal reserve bank has opted for a conventional tool to curb inflation in the U.S., Increasing interest rates. This has caused major disruptions to the global economy from the scarcity of Fx in countries like Kenya to the chaos we just saw a couple of days ago in SVB.

Now I think CBN's method of managing the consequences of quantitative easing Is this cashless policy. Within 2 months, the CBN was able to successfully take ₦2trn worth of cash out of the economy slowing down inflation even with its unintended consequences to the economy, a little bit unconventional but very effective. The marginal rate hikes by the Fed would do nothing to slow down inflation at least not as quickly as they would like. Now they have to "invent" money to bail out SVB depositors to contain the situation.

But nobody knows what the consequences of the Supreme Court ruling would be. With a huge value of liquidity taken out of circulation, what would be the repercussions of a sudden release of liquidity back into the economy? What impact would it have on inflation? Wouldn't that amount to economic terrorism? Shouldn't National interest be prioritized? I suspect those questions to be answered in the coming weeks and months as I will be keenly watching events.

Subsaharan:
I just thought about the economic consequences of quantitative easing that Central banks took as a response to the recession caused by COVID and Central banks have been trying to manage the repercussion of that monetary policy. Inflation since then has been rampant largely attributed to excess market liquidity, global supply chain disruptions, and the Russia - Ukraine war.
The Federal reserve bank has opted for a conventional tool to curb inflation in the U.S., Increasing interest rates. this has caused major disruptions to the global economy from the scarcity of Fx in countries like Kenya to the chaos we just saw a couple of days ago in SVB.

Now I think CBN's method of managing the consequences of quantitative easing Is this cashless policy within 2 months, the CBN was able to successfully take ₦2trn worth of cash out of the economy slowing down inflation even with its unintended consequences to the economy, a little bit unconventional but very effective. The marginal rate hikes by the Fed would do nothing to slow down inflation at least not as quickly as they would like. Now they have to "invent" money to bail out SVB depositors to contain the situation.

But nobody knows what the consequences of the Supreme Court ruling would be. With a huge value of liquidity taken out of circulation, what would be the repercussions of a sudden release of liquidity back into the economy? What impact would it have on inflation? Wouldn't that amount to economic terrorism? Shouldn't National interest be prioritized? I suspect those questions to be answered in the coming weeks and months as I will be keenly watching events.

I already knew what the CBN was up to from time, this is why I largely ignored the political conspiracy theories that arose. The problem now is: Why the terrible implementation?

Couldn't they have done it in a way that we didn't have to get to the point we are now whereby we are using naira to buy naira and other burdens it brought?

GeneralDae:
I already knew what the CBN was up to from time, this is why I largely ignored the political conspiracy theories that arose. The problem now is: Why the terrible implementation?

Couldn't they have done it in a way that we didn't have to get to the point we are now whereby we are using naira to buy naira and other burdens it brought?

As I suggested before, PSBs could do a lot to ease the pressure on both the conventional banks and mobile banks by pushing for more involvement in the Informal segment of trade(Tips, roadside trade, bill payment) basically transactions below 5k.
This is their time to shine but unfortunately, they have failed woefully in their marketing strategy. They could help with easing the problems of payment in transportation particularly. It seems to me that after they all fought to get licenses, they went to sleep.

All a trader and a shopper need to complete a transaction is a torchlight phone and a Sim card you can open a mobile wallet to conduct your transactions without a BVN.
But I've observed that Fintechs like Opay are more talked about in this crisis than PSBs which I find very disappointing. They should do better.

Lagos

You're a nutjob. Nigeria messy naira re-design will further damage your economy. Countries try to fight inflation without slowing down the economy. What you've now in Nigeria is worse than inflation - it's now stagflation - inflation is high while economy growth is slow.

Subsaharan:
I just thought about the economic consequences of quantitative easing that Central banks took as a response to the recession caused by COVID and how Central banks have been trying to manage the repercussion of that monetary policy. Inflation since then has been rampant largely attributed to excess market liquidity, global supply chain disruptions, and the Russia - Ukraine war.
The Federal reserve bank has opted for a conventional tool to curb inflation in the U.S., Increasing interest rates. This has caused major disruptions to the global economy from the scarcity of Fx in countries like Kenya to the chaos we just saw a couple of days ago in SVB.

Now I think CBN's method of managing the consequences of quantitative easing Is this cashless policy. Within 2 months, the CBN was able to successfully take ₦2trn worth of cash out of the economy slowing down inflation even with its unintended consequences to the economy, a little bit unconventional but very effective. The marginal rate hikes by the Fed would do nothing to slow down inflation at least not as quickly as they would like. Now they have to "invent" money to bail out SVB depositors to contain the situation.

But nobody knows what the consequences of the Supreme Court ruling would be. With a huge value of liquidity taken out of circulation, what would be the repercussions of a sudden release of liquidity back into the economy? What impact would it have on inflation? Wouldn't that amount to economic terrorism? Shouldn't National interest be prioritized? I suspect those questions to be answered in the coming weeks and months as I will be keenly watching events.

I supported Ruto to emerge as Kenya’s President, but right now, I may be forced to withdraw my supports

68816419:
I supported Ruto to emerge as Kenya’s President, but right now, I may be forced to withdraw my supports

;Dwhy are you withdrawing your support.I think ,ruto cant be blamed.what happened to ruto is like someone who entered in sinking ship.Ruto came at a wrong time.
Kenyan economy was already in huge debts,food production was already too low,wages were already too high,the value of Schilling was already sinking( remember few years back when imf said Kenya's currency was overvalued by over 30%)and dollar scarcity was already there.
I think any guy who could've beena president was going to be in the similar situation or even worse. Remember the fuel shortage of last year? And again the very similar thing is now coming back.Issues of food production is not a new thing,since independence kenya have struggled to feed herself, Ruto can't change that for these few months.
All those problems can't have a quick solutions. Honestly, you need at least a period of over 5 to 10 years to change those.But the nature of Kenyans and most africans is to love artificial stuff,they won't take that hard and disciplinary measures to rectify the situation for the sake of their coming generation.

To understand more of Kenya's problems,let's check these stuff. ..

Kenya's export was 6bn vs import of over 15bn

Manufacturing was almost too low. (A total export of 2bn) And what make it bad is,most of these manufactured items are actually imported stuff and shipped to kenya for repackaging.

The value of Schilling was overvalued. This encouraged alot of importation from Tanzania and Uganda. Simply speaking it was unprofitable to grow basic stuff in kenya.it is cheaper to import simple stuff like cabbages,onions,etc from TZ

Agriculture was overlooked for too long.imagine a country has only 9% of arable land under irrigation.

Borrowing from John to pay Peter was or is the order of a day.In simple logic,that was economic red flags.

The GDP story was fake. Anyway,the war in Ukraine will give them their true size of GDP.

Angola,Ethiopia overtaking kenya?

That is not something surprising. Angola was ahead of Kenya,just few years back they had currency depreciation, now the kwanza is up,they are back where they were.

Ethiopia too was ahead of Kenya few years back.They devalued their currency, kenya went ahead of them, but Ethiopians are now back where they were.

Same to Tanzania. The currency have been undervalued I think more than what it should. Few years from now,it won't be a big news for TZ to be ahead in terms of GDP

Kazikazi:
;Dwhy are you withdrawing your support.I think ,ruto cant be blamed.what happened to ruto is like someone who entered in sinking ship.Ruto came at a wrong time.
Kenyan economy was already in huge debts,food production was already too low,wages were already too high,the value of Schilling was already sinking( remember few years back when imf said Kenya's currency was overvalued by over 30%)and dollar scarcity was already there.
I think any guy who could've beena president was going to be in the similar situation or even worse. Remember the fuel shortage of last year? And again the very similar thing is now coming back.Issues of food production is not a new thing,since independence kenya have struggled to feed herself, Ruto can't change that for these few months.
All those problems can't have a quick solutions. Honestly, you need at least a period of over 5 to 10 years to change those. But the nature of Kenyans and most africans is to love artificial stuff,they won't take that hard and disciplinary measures to rectify the situation for the sake of their coming generation.

This. A common trait of many Africans.

Ruto was the 2nd driver in that sinking ship
He did not enter into it, he is part of the problem

Kazikazi:
;Dwhy are you withdrawing your support.I think ,ruto cant be blamed.what happened to ruto is like someone who entered in sinking ship.Ruto came at a wrong time.
Kenyan economy was already in huge debts,food production was already too low,wages were already too high,the value of Schilling was already sinking( remember few years back when imf said Kenya's currency was overvalued by over 30%)and dollar scarcity was already there.
I think any guy who could've beena president was going to be in the similar situation or even worse. Remember the fuel shortage of last year? And again the very similar thing is now coming back.Issues of food production is not a new thing,since independence kenya have struggled to feed herself, Ruto can't change that for these few months.
All those problems can't have a quick solutions. Honestly, you need at least a period of over 5 to 10 years to change those.But the nature of Kenyans and most africans is to love artificial stuff,they won't take that hard and disciplinary measures to rectify the situation for the sake of their coming generation.

GeneralDae:
This. A common trait of many Africans.

Ignoring facts is very common. Kenyans have owned Tanzanians since the Europeans left, their anger is understandable.

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vankelvin:
Ruto was the 2nd driver in that sinking ship
He did not enter into it, he is part of the problem

Speaking of sinking ships, how is the IMF colony? Still on life support I gather?!

Ruto has been in power for exactly six months and has achieved alot
Remember he inherited an economy that was struggling because of Uhuru mismanagment.
And also remember your support is not relevant.

68816419:
I supported Ruto to emerge as Kenya’s President, but right now, I may be forced to withdraw my supports

Ethiopia are broke and out. Their birr has depreciated. The economy has 1 week of forex.

Angola is ahead of kenya - but not for long. All Oil economies have enjoyed the boom - soon they will go back to burst - this is why most African countries cannot develop - it cycles of Booming and Depression - because ANGOLA economy is OIL.

Kenya will nail Angola and Morroco very soon.

Tanzania can NEVER get near kenya - we are now almost double your economy.

TZ economy is not even 70B - kenya is 120B.

Kazikazi:
Angola,Ethiopia overtaking kenya?

That is not something surprising. Angola was ahead of Kenya,just few years back they had currency depreciation, now the kwanza is up,they are back where they were.

Ethiopia too was ahead of Kenya few years back.They devalued their currency, kenya went ahead of them, but Ethiopians are now back where they were.

Same to Tanzania. The currency have been undervalued I think more than what it should. Few years from now,it won't be a big news for TZ to be ahead in terms of GDP

Kenya remittance is approaching 5B.
Kenya total export including services (tourism, etc) is 11B.
Kenya companies are all over east and central africa - they repatriate foreign currency.

Kenya can never be compared to unsophisticated TZ.
Not even with our smaller land; and little arable land.

What we have that many Africa countries dont is simple - HIGHEST STANDARD OF EDUCATION.

Education is SINGLE MOST IMPORTANT DENOMINATOR for development.

Until Africans invest in education - I mean high quality education - going NOWHERE.

2nd most important thing - REDUCE FERTILITY RATE - to below 2.8 - kids per women.
3rd - Electricity - you nail cheap reliable electricity access - and magic start to happen

The rest will happen via magic. People develop countries - not gov

Kazikazi:
To understand more of Kenya's problems,let's check these stuff. ..

Kenya's export was 6bn vs import of over 15bn

Manufacturing was almost too low. (A total export of 2bn) And what make it bad is,most of these manufactured items are actually imported stuff and shipped to kenya for repackaging.

The value of Schilling was overvalued. This encouraged alot of importation from Tanzania and Uganda. Simply speaking it was unprofitable to grow basic stuff in kenya.it is cheaper to import simple stuff like cabbages,onions,etc from TZ

Agriculture was overlooked for too long.imagine a country has only 9% of arable land under irrigation.

Borrowing from John to pay Peter was or is the order of a day.In simple logic,that was economic red flags.

The GDP story was fake. Anyway,the war in Ukraine will give them their true size of GDP.

The book by Charlie Robertson, who is the chief economist of Renaissance Capital - on what countries in Africa need to do - should be compulsory reading.


The book explores the connection between education, electricity, and fertility to economic development. The thrust of the book's argument is that no poor country can escape poverty without education, and that electricity is an important factor for investors looking to build businesses. It also explains that a low fertility rate helps to increase household savings. Charlie argues, with a lot of data and historical parallels, that countries need at least a 70-80% adult literacy rate (defined as being able to read and write four sentences in any language) and cheap electricity (an average of 300 - 500 kWh per capita) in order to industrialize and grow their economies rapidly. Small(er) families (3 children per woman) mean households are able to save more money, which can improve domestic investments by lowering interest rates - otherwise countries may repeatedly stumble into debt crises. We also discussed how increasing education can lead to higher domestic wages, but that this is usually offset by a large increase in the working-age population - and other interesting implications of Charlie's argument.


https://www.ideasuntrapped.com/p/why-education-electricity-and-fertility#details

68816419:
I supported Ruto to emerge as Kenya’s President, but right now, I may be forced to withdraw my supports

The game must go on

Kazikazi:
;Dwhy are you withdrawing your support.I think ,ruto cant be blamed.what happened to ruto is like someone who entered in sinking ship.Ruto came at a wrong time.
Kenyan economy was already in huge debts,food production was already too low,wages were already too high,the value of Schilling was already sinking( remember few years back when imf said Kenya's currency was overvalued by over 30%)and dollar scarcity was already there.
I think any guy who could've beena president was going to be in the similar situation or even worse. Remember the fuel shortage of last year? And again the very similar thing is now coming back.Issues of food production is not a new thing,since independence kenya have struggled to feed herself, Ruto can't change that for these few months.
All those problems can't have a quick solutions. Honestly, you need at least a period of over 5 to 10 years to change those.But the nature of Kenyans and most africans is to love artificial stuff,they won't take that hard and disciplinary measures to rectify the situation for the sake of their coming generation.

Well said

rvp2018:
Kenya remittance is approaching 5B.
Kenya total export including services (tourism, etc) is 11B.
Kenya companies are all over east and central africa - they repatriate foreign currency.

Kenya can never be compared to unsophisticated TZ.
Not even with our smaller land; and little arable land.

What we have that many Africa countries dont is simple - HIGHEST STANDARD OF EDUCATION.

Education is SINGLE MOST IMPORTANT DENOMINATOR for development.

Until Africans invest in education - I mean high quality education - going NOWHERE.

2nd most important thing - REDUCE FERTILITY RATE - to below 2.8 - kids per women.
3rd - Electricity - you nail cheap reliable electricity access - and magic start to happen

The rest will happen via magic. People develop countries - not gov

Nothing happens by magic

Kenya import including service is 24 billion dollars, the effect is still the same

rvp2018:
Ruto has been in power for exactly six months and has achieved alot
Remember he inherited an economy that was struggling because of Uhuru mismanagment.
And also remember your support is not relevant.

So why would he still sticks with the same Uhuru economy team? Why would Ruto appoints Uhuru CS as economic advisor?

Just30:
Nothing happens by magic

Kenya import including service is 24 billion dollars, the effect is still the same

Kenya has not defaulted on its loans, it's not the same.

gallivant:
Kenya has not defaulted on its loans, it's not the same.

screams from one who doesn't know

Just30:
screams from one who doesn't know

The whole world knows Ghanaian finances are in the gutter!

gallivant:
The whole world knows Ghanaian finances are in the gutter!

Kenya is still a lost cause

rvp2018:
Ruto has been in power for exactly six months and has achieved alot
Remember he inherited an economy that was struggling because of Uhuru mismanagment.
And also remember your support is not relevant.

He inherited an economy from Who? and Which Government?
You guys know nothing about Politics

How can you insulate Ruto from the bad decisions of the former government? was he not the Vice President?