₦airaland Forum

Listen to 24min of that video - and kikuyu1 has been telling you the same - Abuja is simply a Potemkin village - a failed city of civil servants.

" The big houses are mostly empty" - and everyone else lives in many slums of Abuja.

Vlain:
Kikuyu1 more Abuja for u. Now cry me
https://www.youtube.com/watch?v=Pc-HegmFEIQ

https://www.youtube.com/watch?v=PT0C7URG6-Q

It better to show videos - because cherrypicking pictures - is really waste of your time. Mombasa is many decades ahead of Abuja.

Vlain:
Good u said that. So u have no reputable backings on ur claims. Kenya and slum are two words that resonates together-wonder no more why kibera abd likes represent our continent on the global stage.

And yes there is degree in slum.for instance mpape is better than Mombasa cbd slum

Semantics. All companies operating in South Africa are South African - because they have to be registered there. Only a slowpoke would claim ShopRite is kenyan company because it was registered to do business in kenya.

AfriqueDuZuid:
It's kenyan owned althou its south african company

Every company shareholder registers has such figures. You can definitely find of the 25 percent free floating (publicly listed) shares - of Safaricom - how much is own by foreigners - either as individuals or corporates.

AfriqueDuZuid:
Do you have figure of nationalities?

So we should have different standards for slum. Makoko because it float on water - is what kind of slum. SLUM is SLUM. Mpape is a slum. It has 1M people according to the blogger. Kibera has 170K people. Kibera is just 5km square...that about 1250 acres. I bet that Mbape slum is bigger.

Nairobi - slums occupy 2.5% of it's landmass - about 5 percent of it's building up area - and these are slums of different type - Mathare slum is different from Kibera slum - Korogocho is different - but all are informal congested low class housings.

Vlain:
No U are the crazy one.
Firstly Yes Abuja has no slum. Mpape of course is a walk in the park compare to any slum in Kenya falls under FCT not Abuja city. Get the difference.

Secondly comparing mpape abd kibera is madness. Kibera is the largest slum coming of Africa.not to forget the worst settlement to happen to man kind. Can set foot in that muddy village with no toilet. Mpape is built with blocks abd bricks abd has multiple room. Room furnished with toilet and bathroom. No road yes,crappy roofing yes. No comparison here

What is your argument. That Mpape is not a slum? or that Abuja has no Slum? You nigerians are just some of the most crazy people I know. Is it a popular slum? Of course NOT. Makoko, Kibera and few others are popular slums. But Mpape is a slum nonetheless. And you need to highlight and fix it - as it keep expanding.

Vlain:
Noise. Go on scan the internet and fetch me mpape on any international platform idiot. Makoko made international media but for some reason the whole world is afraid of Nigeria sit of power that they omitted the supposedly largest slum from their annual list - u sound stupid. Get me ur international source not blogs or noise.

Of course public mean everyone - althought companies registries - can provide nationalities of shareholders. If I was to come and buy majority shares listed in JSE for south african company - that company become Kenyan owned.

AfriqueDuZuid:
It goes like this a British company owns a South African company,

Yes you are right in a way....

Public means anyone, even a Chinese national is counted among public it is not only kenyan

Nasper is South African - and anything it owns is South African - if it own more than 50 percent of something - that thing can per see be called South African. They are expected to repartraite profit back to South Africa.

AfriqueDuZuid:
A South African company owns a Chinese company!

It is not a South African company

This actually has nothing to do with economics - it Law 101. Company or Corporate Laws.

Foreign Ownership 101

Foreign ownership or control of a business or natural resource in a country by individuals who are not citizens of that country or by companies whose headquarters outside that country.In general, foreign ownership occurs when multinational corporations, which do business in more than one country, inject long-term investments in a foreign country, usually in the form of foreign direct investment or acquisition.If a multinational corporation acquires at least half of a company, the multinational corporation becomes a holding company, and the company receiving the foreign investment becomes a subsidiary. Also, foreign ownership can occur when a domestic property is acquired by a foreign individual. An example is an Indian businessman buying a house in Hong Kong.

AfriqueDuZuid:
I would suggest you go learn economics and business again

That is why I used the word per see. Yes obviously if Nasper own more than 50 percent - then that company is South African. The same way Multichoice DSTV or Shoprite wherever it operate is seen as South African company.

AfriqueDuZuid:
Did you know Wechat, one of China biggest company is majorly owned be NASPERS that's is owned by PIC

Does it make Wechat foreign to China in your mind?

VODACOM is owned by Vodafone - a subsidiary - 65% it's shareholding. Safaricom is NOT a subsdiary of anybody. Vodafone through itself and vodacom own 40% - against Kenya gov and public (mostly kenyans) own 60 percent.

AfriqueDuZuid:
The unknown can be of any origin

VODACOM and kenyan government own equal amount of shares

There stages of solving a problem - but it starts with knowing and highlighting the problem. Nigeria is total zoo where the problems are so overwhelming you do not even care to talk about them.

Nairobi slums and people there receive attention. In fact Kibera has more NGOS per capita than any other slum in the world. That is great progress.

Our problems are highlighted because we have robust local and international media that are free to air anything including exaggerated figures.

Now Mpabbe - if not for that brave Youtuber - we would never have known it - we would have thought Abuja had no slums - turn out there are so many slums - and majority of Abuja live there

Mpabe SIT next to Maitama - how can it not be center of Abuja?

Vlain:
U are splitting hairs idiot- the title of this thread boldly screams facts not emotions or speculations.Nairobi hosts UN and UN-Habitat(in charge of habitatable living for all strata). It will be a slap on their face to allow figure to be inflated- it’s goes against what UN-HABITATA standards for. Mpape is so unpopular even in Nigeria- it’s has never made international headlines because it’s so insignificant and irrelevantly tiny. When they want serious slum they go Kenya or go India. Both zoos are leaders in such- this shouldn’t e Ben hit u as a surprise.95% Nairobi living in slum save for the few expatriate and elite that makes 5% -so where is this surprise coming from like this ain’t ur everyday life

ABSA and Standard Bank are not PUBLIC companies. They are publicly listed companies. They are not South African companies per see because they are majority foriegn owned.

AfriqueDuZuid:
I guess you don't understand how public companies work, it has different shareholders accros the world

Even if major shareholders are outside the company remains...

For instance when Coca-Cola lists in south Africa its an American company listed in south Africa

And what is point - a company is subsidiary only if shareholding of the parent company is greater than 50% shackman. Safaricom was Telkom subsidiary - never a Vodafone - and present day owners. The substantial owner of Safaricom right now is Kenya gov - because not only does it owns 35 percent -but can also represent the public who own 25 percent - as most of those are also public - like pension funds

AfriqueDuZuid:
Vodafone has 5% of safaricom
Vocacom has 35% of safaricom
Kenya government has 35%

The rest are shares owned by private investors

ABSA - South Africans only own 40% - the rest of Shareholding is outside the country. That is foreign bank to me. The same with Standard Bank

ABSA
Geographical holding (by owner) 31 Dec 2018 (%)
United Kingdom 27.27
South Africa 40.47
United States and Canada 17.64
Other countries 14.62

AfriqueDuZuid:
Standard bank is no longer a subsidiary, same goes for Absa

Enaki city is not only action in Nairobi. This not the barren Accra. This world 4th most dynamic city - and everywhere in Nairobi is a construction site.

Just30:
Kenya, free market?

Funny

The question is, visit because kenyans are poor hence why they can only target tourist and UN workers?

Now it's about popularity. Nairobi is HQ of global media houses. BBC, CNN, name them. I think Nairobi beats Joburg in that respect. Also Nairobi is social capital HQ - NGOS/UN - work from Nairobi. Kenya warts and all will be aired. But Nigeria how do you even begin - a country where terrorists kill more than 1000 people daily.

Vlain:
Yet kibera is the most famous populated slum coming out of Africa.could it be the world hate Kenya so much but too scared of Nigeria to mention Abuja- so ret@rded as the idiot ruling over u.

Worry about kibera that is a stone throw from upper hill. Heck upper hill and kibera share the same fvcking ruaka town. Mpape is not within the city limit of Abuja and its a fact. And comparing mpape to any slum in Kenya is like comparing day and night- thats just madness

Predictably

kikuyu1:
Just wait. An hour from now one of these dummies will come post the glories of Abuja!?

Cost of starting a business of course is an issue - but not as much as ease of doing business - and Kenya right now should have overtaken Morroco - to become 3rd best place to do business in Africa - after Mauritus and Rwanda. The World Bank Ease of Doing Business cover many indicators...and for kenya to be just behind the developed Mauritus and the reformist Rwanda shows you the serious our gov takes it's role.

You were angry when Kenya GDP was 80B - now it's going to 120B. How can inflated GDP raises 21B dollars for gov?

Kenya GDP is actually under-estimated - that is why it's being rebased now - with expectation it will rise to nearly 120B. It will possibly overtake Morroco - and with Algeria having collapsed to 150B - mm - just a matter of time - before it's Kenya become top 3 - Nigeria GDP is obviously over-inflated - so that doesn't count - until you fire Yemi Kale and hire a proper statistician to tell you the depth of your economic detoriation.

obaaderemi:
Starting a business is a problem if the cost is high like in Kenya.
Kenya GDP is inflated and still small. Pathetic.

Yes Abuja is a failed city of gov offices - and it now drowing in slums.

Mpape - Mpape is close to maitama and also the largest slum settlement in Abuja Nigeria. Over 1 million people live here.

https://www.youtube.com/watch?v=b5xr_68Uxg4

Nairobi Kibera - has only 0.17M people

christejames:
Abuja a failed city?

I laugh at your ignorance. Only the contiguous urban area that abuts Abuja called Mararaba alone has better urban facilities than whatever you could find in either Mombasa and Nairobi.

Long story short - show us the progress of Illubrin - anybody can dream a vision - it's been more than 5yrs since this thread started - not a single Nigerian project has come to fruition.

Vlain:
I never knew u are really slow- u claimed it enaki is 22 acre because I called it tiny which of course it is indeed tiny(never lied). I debunked it by showing u how ur claimed are wrong as it’s boldly written on their site to be just a meagre 22 acre(lol that like the size of a pinhole)- and here u are in the face of evidence still lying blatantly.
Talk is cheap-maybe enaki is low cost as most of the renders I have seen shows but illubirin is a world class premium spit-a mixed used development that combines luxury living,hotels,resorts,residentials,malls,restaurants and a cbd that would house multinational companies and high end stores(a very vibrant walkable street like Oxford street in London)-that just the first phase. Better than ur konza nonsense or two river Pakistan rubbish.

Illubirin sits on 15.1 hectares of reclaimed land from the lagoon while ur circular enaki dots sits on 22 acres of land- do the math illiterate.


This is what the supposedly low cost housing interior is starting to look like.

https://www.youtube.com/watch?v=WeaNYfNN3y4

This is too much for their brains. It the same way they think they are more cultural for wearing ugly chinese prints.

NTSA:
Kenya is a free-market economy, every developer has a target market for their projects, I can post projects for low-income housing, luxury apartments, etc. Remember Nairobi has the highest concentration of UN offices outside Newyork and Geneva. furthermore, I don't see anything wrong with a developer wanting to tap into the expatriat market.

He is comparing apples with oranges - just raging like angry bull because he knows their zoo is dysfunctional

NTSA:
The report details 2014 /15 events in Lamu,.FYI Lamu is not northern Kenya. Check more recent reports on counter-terrorism successes in Lamu. Which has led to resurgence of tourism in Lamu

Madness level 1.

Just30:
Ghana is neither baren or a zoo-like Kenya

The only baren country that produces nothing including human resources and is a terrible zoo is Kenya...

In Nigeria and Ghana, all project target citizens because we know our citizens are rich and they can afford it...

Is it that, you guys know that Kenyans cant afford it?

It is not good to be poor

Kenya is not a baren zoo like Ghana or Nigeria. There are lots of projects targetting different clientele. Enaki is targetting foreigners who come for short-stay and need apartments for few weeks.

Just30:
In Nigeria, something better than this will house Nigerians and not foreigners...

When will your country start bettering the life of its citizens?

22 acres project with low or at best mixed housing scheme like Illuburn versus 120 acres of world class residential serviced apartments; Not comparable; That is why Enaki can claim to be Africa biggest residential resort.

Vlain:
What rubbish.this is a hotel/resort with large pool and a tiny mall/supermarket. U are just a stupid joke and a liar as well. Hey figure influencer this tiny dot of a project is a meagre 22 acre project- lol like walking round a tiny circle. I have showed u illubirin before and it a joke to compare this Pakistan -like development to it. Think big Kenya,think big.

https://www.youtube.com/watch?v=CJA7O8vhG7k

Samrobo

https://www.youtube.com/watch?v=lCixerwWVh8

Yes it a failed city of gov offices; and nothing much. Outside the city are fulani mulsim herdsmen hunting christians for sports.

kikuyu1:
Before you came 2 yrs ago on ToT we established beyond DOUBT over half of Abuja's homes are empty! The other half of the Potemkin city live without toilets like most WAs even in Accra .


[urlhttps://guardian.ng/opinion/before-abuja-becomes-another-mega-slum/[/url]


https://www.icirnigeria.org/school-children-in-abuja-still-defecate-openly-because-there-are-no-toilets/


[url][/https://medium.com/@opsine/how-poor-toilets-in-abuja-schools-kick-up-a-stink-d7417f3114f6]

By now EVERYONE knows ANYTHING goes in Naij!?


[url]https://www.wateraid.org/ng/media/four-in-five-health-centres-in-nigeria-still-operating-without-soap-or-water/url]

The resident clown you're responding to ALSO knows but CAN'T stop lying like his brodas here. For SERIOUS jokes check out rvp2018s breakdown of Accra's water and sewerage situation. Apparently its perfectly acceptable to build a block of flats without internal plumbing including TOILETS !?

Yes they moved from being no 1 or 2 - to now 6 and 7 - Last year NCBA made Top 1000 banks - As of now It's Equity (rising super fast), KCB, COOP, NCBA and DTB. All these top 5 are local banks.

Then 3 foreign banks - Barclays(ABSA), StanChart, Stanbic - then I&M and Prime Bank.

I see I&M eventually coming up fast - to overtake Stanbic.

Kenya banks should aim for Ethiopia - Ethiopia economically is on the ropes - they will be willing to open up to get forex - Ethiopia and DRC - both are nearly 200M combined (Nigeria size market) - with about the same mess infrastructure wise - and with banking at infancy - Just lots of money to be made there - banking the unbankable.

Once we corner DRC and Ethiopia - Kenya banks will be Africa biggest - Equity definitely aiming to be top 10 in Africa in 5yrs - they are now at no 23 or about.

Kenya also added one bank to the Top 1000 in 2021 — NCBA Bank. With $594m in Tier 1 capital and placing 967th in the main ranking, NCBA Bank has assets worth $4.8bn and generated profits of $46m in 2020.

As for SACCOs - most of them now are qualified to be banks - some have assets of 300-400M dollars.

kikuyu1:
I think they're STILL in shock. Since mid 2000s they've been TOTALLY edged out of the top tier.
Now Standard and Barclays (Absa) are middle tier! Considering they were so confident of their position in the late 90s they ACTUALLY closed down many real branches like Kiambu town. I SPECIFICALLY rmbr a convo at the time where a pal told the Barclays Kiambu manager in 99 he'd regret the move sooner rather than later.....
The rise of our indig banks and SACCOS will be studied by Harvard,(I KNOW Equity Bank is). Award winning documentaries will be made of this development.

The same with ABSA. I doubt there is an indigenous black bank. It's Standard Chartered and Barclays as top dogs. In kenya - those banks are now relegated to no 7/8 - soon they will be out of the top 10.

NTSA:
Last I checked standardbank S.A is a subsidiary of the British multinational financial conglomerate headquartered in London, United Kingdom. We also have Standard Chartered Kenya, stanchart.

Now it's 6B dollars. That is a lot of money from cooperative bank. Now tell us about similar bank in South Africa. Or you're banking all your money in Jewish banking system?

You see cooperative movement allows people to share profit and (losses) - without benefitting commercial banks entirely.

Kenyans know this - no need to give banks all your money - and then borrow from it - at huge interest rate

We borrow from each other, cutting the middle man, out.

Many cooperatives starts small - 20 employees of a company - eventually some have grown to own BANKS.

AfriqueDuZuid:
Cooperative bank is almost 60 years yet it has net assets of $4 billion

Pretty sad

South Africa banking has over $430B

How many are cooperatives? Zero?
Otherwise I already know that South Africa banking sector is 8 times Kenya; but the gap will keep reducing;
Kenya total banking asset is now well over 50B dollars; South Africa is 400B.

AfriqueDuZuid:
We have around 15 banks and are huge

Basically standard bank assets are bigger than kenyan GDP