₦airaland Forum

BUA/Dangote - same whatsapp group - Nigeria mostly Northern Elite using Abuja to exhort money from you. What selling price of 50 bag of cement in your hardware shop. I normally buy cement in my construction - I get it 550 Kshs per bag.

GeneralDae:
Dangote has serious competition in cement. BUA is also a big cement dealer in Nigeria and is now the second richest man in Nigeria. Dangote have always had competition in cement. The problem with you is that you only take news from uninformed or biased/political folks on social media when it comes to Nigeria rather than doing appropriate research.

If we waited for lazy wabongo to move; we would still be in stone age like you. When that happens - we will adjust accordingly - and use it to transport other fluids.

Kazikazi:
Cow dung
The world don't work that way. South Sudan,Congo DRC all are about to pump oil to Uganda to join it with Ugandan facilities. The 60,000 bpd is just a beginning of a big oil hub which is forming in Uganda.
Remember even TZ gas can be changed into oil if the market will be enough to consume all these Sudanese,DRC and Ugandan oil.
Am still telling you, your kipevu have few years to work before big boys push it into extinction.

Mumejaribu. Heko wabongo na wadanganyika. Where is more info on this.

Kazikazi:
Dar es salaam Tanzania has underground piped gas network than any city in Africa.
Come to learn from us,most of our industries use piped gas.

He should be donated to Tanzania. He is as dull as an average Tanzania and as superficial as one. It would be a tragic mistake if he was become Kenya president. The man is feckless, vain and cowardly.

His best job would be Kenya ambassador to Tanzania.

kikuyu2:
It's RAO's BD and he's live unlulating about his economic plans - as usual no specifics just vague allusions about "baba care" and how Singapore and SoKor overtook us after we were at the same level early 60s.
My question is ACTUALLY to mtis, gallivant and saddam: what's with this nigga, Kalonzo!?
He's made a 15 yr career following RAO around with FA to show politically. He ignored real gains like allying with Uhunye back in 2011 for RAO's grand promises and ACTUALLY thought RAO would fallback and support him this time round? Srsly!? A recent opinion poll had him at 1%. Ofc he denied it but WT actual FK!?
The day a book on Kenyan politics is written about fruitless yearning and empty dreams I swear this nigga will be on the cover.

Nairobi Eastland - where Nairobi Lower middle class stay. Of the 4.5M Nairobi - nearly 3 million of NBO resident live there - some of them are massive slumscrappers like pipeline.

Nigeria struggle to rent in Eastland - you will find 10 of them in a single unit.


https://www.youtube.com/watch?v=wxs6SkmGngE

Kenya 114,000 barrels per day.
TZ 72,000 barrels per day,
Uganda 30,000 barrels per day.
-- in short Uganda refinery is just enough for domestic market - by time it's ready their fuel consumption would probably have doubled.
-- It would have made sense if they ditch export - and focus on regional market - there is probably 250,000 to 300,000 barrels market in the region.

South Africa 640,000.
Nigeria 428,000
Ghana 88,000

Kazikazi:
How many liters u consume today? It looks like you lack math skills

How fast? There was nobody willing to finance it a month a go? Stop just typing like the Ghanian madman - stuff we can easily google.
Refinery - mere 60,000 barrels - has found 60 percent financing - but Uganda unable to raise 40 percent.
They sold shares to Kenya - I think we bought 5 percent.
But 60,000 barrels is very little oil...Kenya is probably going to be consuming 200,000 barrels by time it's ready in 2025

Kazikazi:
We are doing tendering now for the longest heated oil pipeline in the world.For refinery, just wait about 3 years then see what your Kipevu blah blah will end up to.
Remember, TZ has shares in the Ugandan oil refinery

The usual lame excuse. Entire Nigerian need to be fixed. Including the north. Kenya has a north similar to Nigeria...and we are busy fixing it. Otherwise they are also many parts of kenya that at middle class level.

InvestinOwerri:
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.

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

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

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.

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

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

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.

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?

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.

68816419:
@Kaz
The real Giant of East Africa

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.

Just40:
Ghana consumes 10 times the fuel consumed in Kenya, Rwanda and Uganda combine..

Now run your watery mouth as to who is small...

The total storage capacity in your entire country can only be compared to one company in Ghana...

No wonder you are desperate to prove a point

Durban Fuel terminal is on berth 4 to 8 - total length of 725M - while New Kipevu is 770M - therefore primafacia it's indeed the biggest in Africa.

Little Ghana should try to compete with Benin port or Lagos ports.

Lome is already too much for you

Nonsense as always. Ghana is small baby in these stuff. Let Lome port of Togo talk. Not useless Tema - where you work as security guard.

Just40:
and I told you that it doesn't even come close to being the biggest in Africa...

Secondly, 770m quay to berth 4 small panamax vessels measuring 200m long.. those are small oil tankers ...

It will be able to berth 4 smaller vessels at a go..


Just look at those small numbers from your country ...


Tema oil Refinery ABB jetty has two bouys offshore measuring 1000m to berth 2 ULCC with dwt of 200,000 to 600,000 ... Those are some of the largest oil tankers in the world at a go.... Your 4 panamax vessels combined cannot match even 1 ULCC

The refinery has a tank farm for storing 3 million metric tonnes of crude and 3 million metric tonnes of LNG for VRA.
The LNG is held for onward pumping to power plant in the Tema power enclave..
All the power stations also have their own tank farms for holding gas

ABB is able to discharge 2 dwt 400,000 vessels in just 12 hours.

I've already given link for all my numbers .... You can rant all you want but your country is not getting close to that

Obaboon, Let me know if you have a problem reading that last year graph (they improved 3 positions last year alone). By this year - Equity has gone above GTB - their expansion in DRC already overtaking Kenya. They literally hit a jackpot in DRC. 5yrs from now - Zenith and First Bank of Nigeria - will be seeing Equity Bank from behind.

Helios Partners are arguably the most stupid investors in entire planet - for selling 24 percent of Equity for Kenya Telkom

https://www.businessdailyafrica.com/bd/corporate/companies/equity-sees-its-drc-business-overtake-kenya-unit-3458074
WHAT IS THE PLACE OF DRC BUSINESS IN EQUITY GROUP?

In DRC, we seem to have really touched a juggler pipe that will change this group forever.

DRC business will fundamentally change Equity Group. DRC at the moment contributes 27 percent of the group balance sheet and is growing at about 60 percent annually and may overtake Kenya between the third and fifth year.

Even in profitability, DRC will start rivalling Kenya and rise above on profits and balance sheet size eventually.

DRC has quickly made us a market leader in financial services both in balance sheet and profitability as well as customer base.

Given the momentum of growth in DRC, the possibility of standing out and becoming more attractive is so near. Equity should now be trading at the same rate as Capitec Bank of South Africa.

obaaderemi:
Gtb is bigger than equity. Equity is not a big bank, Rip2008.

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.

Just40:
[s][/s]

Must you always have to lie just to try to compete ?

KPC is currently in talks with Kenya’s Ministry of Energy to put up a dedicated LPG storage facility with an initial capacity of 25,000 tones.

Your entire kipevu has just a 100,000 metric tonnes capacity...

The old facility had just a 35,000 metric tonnes capacity and now it has been doubled to 70,000 metric tonnes but your video said it's 100,000 metric tonnes so it give you that...

Even one of the smallest terminal like quantum gas have more than half that capacity...

BOST has more than twice that capacity in Accra...

Tema oil Refinery Jetty has 60 times that capacity.

VRA jetty has more than 100 times that capacity

The new Takoradi oil Jetty has more than that

If I continue listing all the companies with more than this capacity... I will fill this page.


Combine Kenya, Rwanda and Uganda energy consumption together and it will still not come close to the amount of energy consumed in Ghana.. (note: I'm not talking about electricity).
It just makes sense that Ghana has more than you

How can GTB afford to buy a bank of it's equal? A bank that is growing very fast.
Dangote is free to come but he is afraid of competition.
Look Dangote is killing your country - a 50 bag of cement is retailing at 4,100 NAIRA converted almost 1,200 Kshs.
Almost a third the price in Kenya
Simba Cement prices: Sh470 per bag. Savannah Cement prices: Sh485 per bag. Bamburi Cement prices: Sh480 per bag. Mombasa Cement prices: Sh480 per bag.17 Jul 2021

68816419:
Time shall tell, the same way u stylishly stopped Dangote from taking over your cement industry?

How can small bank - GTB - buy a big bank like Equity - Equity I bet by now has overtaken GTB. Concentrate on fixing the cash shortage in your crazy zoo - where people go to the bank and there is no money . Never happened in Kenya unless those small banks that collapses.

samorobo:
Rvp will not like this

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

You don't get tired talking nonsense day in day out

Quantum - Tema - 15M litres per day capacity. Very TINY - compared to Kenya current oil terminal built in 1963 (Kipevu terminal) - leave alone the new one.

New Kipevu - can handle 750M litres per one fueling session - in four berths. Each of the four vessels will take 5 hours to offload fuel, a total capacity of 20 vessels daily. That is 3 billion litres per day...compared to Tema (Quantam) 15 million litres

The total berth length is 770m - and can handle 4 post-panama ships at one go.

Dont bring your little crap and compare with Africa biggest fuel terminal that will be handling demand for almost 4 countries. This why Chinese foreign minister was opening it.


NOT THIS CRAP

Tema Oil Facility - Quantum Terminals Group
The facility has a truck park that can hold up to 50 trucks a time and has the capacity of loading out 15,000,000 liters of products daily, from its 16-truck loading bays. The facility has; Six (6) Gasoil Loading Pumps and four (4) Gasoline loading pumps providing the fastest loading rate of any terminal in Ghana.

samorobo:
This is insane- I am speechless.Africa needs to stop this madness.

https://www.youtube.com/watch?v=bGY0kCLrqIE

Most Ghanaian going by this thread are mad

68816419:
From a reliable source
GTB kenya To aquire Equity Bank Kenya
is Nigeria’s biggest bank by market capitalization. It already has branches in Kenya, Ghana and eight other countries

Dream on

popizaino:
Personally, I don't like it because I don't think it's sustainable, too many fertile like for agriculture has given way for this expansion when it can be done above and conserve enough green space but if I talk just.30 will come for my head.

urban areas should build up otherwise it's not sustainable..you will spend all your money and time in commute.. before you know you're spending the week on the car like lagosian..and go home at weekend.If you check Nairobi mass housing..the focus is demolish old single dwellings units and build up.. because it doesn't make sense to have poor person living 30km from the city centre..or Industrial area or areas he can get job..the commute will eat all earnings.Build up for the poor..let the rich go to the suburbs and stay further coz they can afford long commute

popizaino:
I wonder too, the expansion/development is unprecedented. My only worry about this expansion is that they are drifting far away from the main CBD. You will burn more fuel trying to commute to the centre of the city.

Only cities that doesn't plan sprawl.. because there is hardly any vertical development in flats.. leading to gigantic chaos.Remember one flat in Nairobi with 100units..in Ghana mean acres of wasted land.Ghana need to fix sewage then transition to at least apartments.This generally applies to west Africa..mess with acute housing shortage because of a sprawling slumpolis with barely any horizontal infrastructure.You can imagine getting stuck in Lagos for hours on end as city sprawl endless in cheap housing....instead of having an acre of land hosting 20,000 people like the upcoming 9 towers of 34 floor each in Nairobi..with 3,000 units.Traffic zero..river estate is walking distance to Nairobi CBD..it right at CBD

Diarrhoea as usual

Just30:
That is quantum gas terminal ... Which has 55,000 metric tonnes capacity

You are lost ....


Tema Oil ABB jetty is 3 nautical miles offshore it has 2 bouy berths with 18.8m draft and 25m draft for ships 400 meters long tankers that carry 200,000 to 600,000 metric tonnes capacity ...

It has an onshore tank farm capacity of 3 million metric tonnes for crude oil discharge.. 2.6 million tonnes for Gas to VRA
This is almost 60 times larger than your Kipevu

2. BOST has a 230,000 metric tonnes tank farm and jetty which is also larger than your kipevu..

Like I said... Your country is a child in all things petroleum.

You kipevu terminal has only 100,000 metric tonnes capacity and you are here making noise ....


When will you learn?

They are beyond the pale. If their bigger brother the Nigeria zoo cannot compete - what makes them think they can Their own president is smarter enough to realize Kenya is far ahead.

gallivant:
These Ghanains meh, just pure noise.

Let try Tema Oil terminal - Tankers: LOA 244 m., draft 9.6 m., depth 10.0 m. (tidal). Gas: LOA 244 m., draft 9.6 m., depth 10.0 m.

244M versus Kipevu 770M

Conclusion; New Kipevu is 3 times larger than Tema Oil terminal

You can see the joke that is Tema oil facility down here

Just30:
That's a lie

It's not even among the largest in West Africa let alone in All of Africa ....

When will you guys stop making absurd claims ?

The 770m jetty, fully funded by the Kenya Ports Authority (KPA) is the largest of its kind in Africa, with capacity to load and offload very large vessels of up to 200,000 DWT carrying all categories of petroleum products including crude oil, white oils and LPG.


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