₦airaland Forum

The list is solid. Ghana is at 0.45...both Togo and South Africa at 0.43...and Nigeria at 0.36. I think you overrate South Africa - it has one worst education systems - and it one of the most unequal countries. It like North Nigeria essentially where a few oil barons are thriving while everyone else is poor. One Dangote for 100m Al marajis. In South Africa - the 10 percent mostly white and coloured and Asians - control the economy - while the blacks receive one worst education. Testing or assessment has been done...and their kids normally come bottom in Southern and Eastern Africa....except for just one province of Western Cape (white majority). Their teachers I think also perform so poorly they would get 70% of a the kids exams compared to kenya teachers who'd scored 95 percent.

As regard Health care - HIV-AIDS has devastated Southern Africa countries - with South Africa the worst hit - thanks to Mbeki and his HIV denialist. I think one point 30 percent of the population were infected. HIV because it attack body immunity - pretty much wrecks all the health indicators - and you can see what it did to South Africa life expectancy and health care system.

The blame squarely lies on fumbling ANC - they should have concentrated on educating the black majority - and what they did on HIV-AIDS should be a crime against humanity - for no other country fumbled as they did - and let the disease ravaged it's citizen. Mbeki should be tried at ICC.

obaaderemi:
Oh, yes! A lot is taken away from the report if a country like India with the progress it has made in education and healthcare doesn't make top 50. And a country like Togo which we know very well in this parts, is at par with South Africa, the most advanced country in Africa. Go figure.

Of course; kenya has connected railway with uganda - that for many years was jointly run. We are building new SGR alongside it and rehabilitating it; Kenya is preferred port and transport corridor all the way to Burundi and up north sudan - there are even containers that go all the way to CAR and Zambia. We are now targeting Ethiopia.

obaaderemi:
You would have problems with Nigeria if you are a smuggling enclave like Benin.

About infrastructure, Nigeria has SGR and is building a railway to Niger, though the government is taking a lot of flak for it.
Did Kenya ever build a railway from Kenya to any neighboring country?

Being landlocked with bad neighbors make such countries economies isolated, trade expensive, and pretty much tough places. Although with air travel development is providing the likes of Rwanda and Ethiopia - away to participate in some international trade.

Imagine being neighbors with Nigeria that can wake up and close the borders...like it recently did. or a country like Nigeria again with barely any infrastructure to move your goods from port of Lagos to Niger or Chad.

obaaderemi:
There are several landlocked countries in Europe doing well. It's all about creativity.

The four traps.
1) conflict,
2) reliance on natural resources,
3) being landlocked with bad neighbours,
4) bad governance.

Kenya is plagued by bad governance - especially corruption.

obaaderemi:
So what is the trap Kenya falls into that makes the country so poor and the people starve?

First 3 berths complete and operational. That is phase 1 - general, bulk and container. The phase 2 is 16 berths including - three bulk, three container, six general cargo, one liquid bulk, one coal, one LNG and one product oil.

obaaderemi:
What's the level of completion?

Lamu port - largest deep sea port with the highest transshipment capability in the East Coast of Africa

https://www.youtube.com/watch?v=IN1QwFV2-bs&t=618s

Mad-man.

Just30:
Tall building is not development

Try to get Nairobi to Kumasi level...

There should be no excuse for darkness in your country or no water supply or paved roads.

There should be no excuse for slum living or people not being able to own property.

I once read Prof Paul Collier (Oxford proffesor) the bottom billion and he identified the 4 traps 1) Conflict trap 2) Landlocked trap 3) Natural resource trap and 4) Small country with bad governance. Nigeria is hobbled by Natural resource and conflict trap. But the rest of the bottom 15 generally have nearly all those traps - confining them forever to bottom of any index - Malawi, Burundi,CAR, South Sudan. Nigeria can easily get out of it's morass if it fixed their oil dependency - it's already a fledging democracy and name it. What they need to do is massively invest in education...especially in it's north.

kikuyu1:
Actually,being landlocked,imo is a bigger curse than smallness. Int'l trade is expensive due to logistics.

Try get to Nakuru - no excuse for lack of tall building - Nakuru sit on geological zones that don't allow tall buildings

https://www.youtube.com/watch?v=--OHpvzE5mo

Just30:
One Kenyan Lunatic is still trying to compare his undeveloped country to one of Africa's most successfully developing nation.

A nation that is only second to SA in SSA in most infrastructure development.

Still trying to compare Nairobi that is as small as Tema to a behemoth like Accra.

Nairobi still plays third fiddle to Accra.


https://www.youtube.com/watch?v=4M_05_0pzHM&t=252s

https://www.youtube.com/watch?v=mqsffXpZ9aQ

Germany is largest in western Europe and is at the very top. The Nigerian here will never run out the of lame excuses.

Saddamochieng00:
Sorry to break it to you but those "small" countries also dominate the HDI list. Lemme guess, you'll claim this index is rigged too.

I guess the UK is a small country too, huh!

The only thing I know in Togo - Lome port beat Nigerian ports - and is 3rd in Africa. I think size of country argument is very lame. Yes small countries generally tend to be better..but if you check the bottom 15 in any index...apart from NIGERIA...it normal small countries like Burundi, CAR, Niger, Chad, Somali, South Sudan....these countries with 10 million or about population. Majority of the poor countries tend to be small, landlocked and lacking of any natural resources. Nigeria ought not to be at the bottom.

obaaderemi:
Bar UK and Germany, the rest are small countries. Why is US and china, the world's only superpowers not there?

And I'm still waiting for you to explain how a nonentity like Togo is at par with a more prosperous South Africa in terms of HCI.

Nairobi - 4th Most dynamic city - below just only Hyderabad & Bengaluru in India and Ho Chi Minh City Vietnam

And some mad Ghanian want to compare her shanty town with this


https://www.youtube.com/watch?v=6a8PVXJ_qfk

Nairobi quick aerial shot

https://www.youtube.com/watch?v=UpfIKfg1qC0

This why kenya is largest non-mineral economy - it focus on HCI.

Saddamochieng00:
Higher than Algeria and Egypt too

Ethiopia -Kenya - one stop border post - Ethiopia opening up finally
https://www.businessdailyafrica.com/bd/economy/kenya-ethiopia-one-stop-border-post-at-moyale-opens-3430540

Madman.

Just30:
Madman

Im talking Commercial loans

EDAIF and GHANA EXIM BANK are giving Commercial loans at 2.5% and 8% respectively, to businesses.
If you cant read, are you also blind ?

You make too much noise, no loan institutions quote monthly rate.

Maybe in kenya, your Commercial banks quote their rates monthly so you think it is like that everywhere.


Commercial loans in Kenya starts at 15% and that is madness, no wonder kenyan businesses are not competitive and they cant export anything.

No bank in Kenya offer commercial loans to kenyan businesses below 10% interest rate
15% is great for you, so what should Ghanaian businesses getting loans at 2.5% say ?

You are so desperate fix the Kenyan economy and banks in Kenya will grow and have large balance sheets like Ghanaian institutions, and Kenyn companieswill be able to create jobs to reduce your country messy unemployment and poverty situation.

Being a lunatic here and typing nonsense about economic stuff you dont understand will not change this for Kenya. Tell your finance minister to come and listen to sound economics from me.

For as long as 15 years, Ghana inflation has been at 7% to 10% and that is good for a fast moving economy like Ghana.



Exim banks do not finance international trade, they finance businesses to expand and enter foreign markets.


That is the kind of wisdom that Kenyan politicians dont have and that is why the kenyan economy is a paper economy

That is why kenya is experiencing hyper inflation and that kind of whole in economics is a deep hard one to get out of.


The Ghanaian Cedi is the best performing currency on the continentit has been so for 8 years and it has been one of the most valuable on the continent for 50 plus years.
When you come to understand currency values, you will know how backward your shilling is (manage currencies usually are)

The kenyan shillings has been on the backward level of the Zambian and Zimbabwe currency # valueless.

The resident madman typing nonsense he can barely understand. Ghana base rate is 14%. If you add usual inflation rate 20%. Your country is a joke. That is why your cities look like shanties. Kumasi or Accra.

The idiot just type nonsense day in day out - slowpoke - defending a country that doesn't understand macro-economics

Ghana: Markets
Reference Last
Money Market Rate Mar 2021 13.58
Treasury Bills (over 31 days) Mar 2021 12.61
Lending Rate May 2017 22.5
Average Long-term Government Bond Mar 2016 24.75


Treasury Bill Rates – Bank of Ghanahttps://www.bog.gov.gh › treasury-and-the-markets › tr...
Issue Date Tender Security Type Discount Rate Interest Rate
07 Jun 2021 1749 91 DAY BILL 12.3149 12.7061
07 Jun 2021 1749 182 DAY BILL 12.5848 13.4299
31 May 2021 1748 182 DAY BILL 12.6512 13.5055

Just30:
Ghana Gov't is borrowing at 2 to 8 %

Ghanaian businesses are borrowing at 5 to 7 percent

If you know how exim banks work, you will know how a Ghanaian can borrow at that rate.

I'm talking annual rate.
No bank in Ghana charge monthly interest.

The bleating of a goat. 2016 Ghana had more than 20% inflation rate. That made them I think top 5 worldwide.

Just30:
Go see a doctor so he or she can remove the stuff on your eyes so you may see well.

Ghana only appeared on it in 1980 and 1982.

And that has to do with inflation.

During those years, Ghana had a farmine so it is natural that inflation will skyrocket.


Go and learn what hyperinflation is and you will know why Kenya is in a desperate cycle going nowhere.

You make too much noise

You still want to compare your useless shillings to the Cedis which has been the best performing currency on the continent consistently for 8 plus years

I would say both DRC - 90M and Ethiopia - 100M - will give Kenya company a market the size of Nigeria - 200M - or more than twice EAC - and definitely if we crack it - esp Ethiopia with Safaricom and Banking - and entire service sector - it would be huge.10yrs the Saffas will be sweating - as for Nigeria - we will beat them without even per capita bla bla in 5yrs. For now in almost anything we are about half or more than half of where they are - despite the 4 times the population.

kikuyu1:
Its an unfortunate fact people here are too simple minded to comprehend the massive national and regional implications of the financial and political gains to be had in Ethiopia.
You're right as ALWAYS! Within a hand decade our banks will be competing with Saffas.
ALREADY a softpower effect is visible:

[url]https://www.esi-africa.com/industry-sectors/generation/kengen-commences-drilling-for-ethiopia-electric-power-geothermal-well//url]

Ghana appears almost every year including as late as 2016, 2015...bla bla..it's only in 2017 where it fellow sick man Nigeria appears. Although to be honest Nigeria does a far better macro-economic job

Just30:
this is funny

You dont even know hyperinflation

This video, Ghana only appeared in it in the 80s. You are still struggling to understand hyperinflation

Clearly you don't understand anything. How can Ghanian borrow at 7 percent when Ghana gov cannot borrow at that rate. Unless you are talking west africa style monthly interest rate...which annually is crazy.

Just30:
Waa see
After realizing how dumb you are on the things you want to talk about, you've gone full cycle looking for a different convo....


Ghanaians are borrowing at 7% from Standard Chartered bank and Ghana Exim Bank.


The kenyan economy is a primitive one that cannot create jobs hence the huge unemployment and poverty, it only works for the politicians.

Listen to your sister talk about your economy and Ghana economy... and how you guys are paid peanuts and live as peasants

https://www.youtube.com/watch?v=h-5npo2csE8

Ghana hyperinflation history - watch this video - top 10 in the world. It explain why your cities look like cattle kraals.

https://www.youtube.com/watch?v=2NCSdw-MxXE

Forget even your CEDIS inflation (that had to remove 5 zeros); if you inflation; both headline and baseline; annually you're double digit; often going as high as 20% yearly

Kenya inflation has always been 5 percent or around.
Interest base rate is now 7 percent
Commercial loans start at 13 percent (annualized - not west africa zoos of 20-40 percent)
Most Kenyans borrow from Saccos at 11 percent.

GHANA cannot and has not got there. It doesn't even ever get that close - it mess there. You're PRIMITIVE BLACK MARKET INFORMAL ECONOMY surviving through minerals.

You're comparing the poster child of public finance misimanagement and Kenya.

You're sick my friend.

You country took a very bad turn from get go. Nkurumah bankrupted Ghana with communism and Volta dam.

By 1962 - it was BANKRUPT AND BROKE.

For the next 3 decades - it had growth rate average of I think 2 percent - hyperinflation was rampant - everything was a mess - faminine name it - and you had to run to Nigeria.

Some of those challenges persist todate - mainly hyperinflation hangovers.

Kenya had a wonderful start to it's independence - growing on average on 7 percent until 80s Oil crisis - where growth average 4-5 percent - until 90s-2000s when we playing around 4.

Kenya then corrected the minor mistakes of 90s - and from 2003 has basically zoomed! We have reigned on pop growth that had undone our growth - and many bottlenecks - we are few years from a leapfrogging stage.

Next is for Kenya to overtake Morocco - and then it will be Egypt. South Africa. Nigeria. Algeria and Kenya in top 5.

Just30:
that's funny


Most Ghanaians have full trust in the Cedi and that is why they do transactions in cedi.

A gradual depreciation is not hyper inflation kiddo

Hyper inflation is what has been happening in Kenya for the last 40 years, where prices Have changed by a 1000% over the last 10 years. And wages largely remain stagnant.

Making more kenyans poor and the economy depent on import.

You're a cartoon just typing for it's sake

Just30:
You like to type nonsensical stuffs


The Cedi has always been a strong currency and it was never pegged to the dollar.

The Cedi was exchanging at 0.90 to the dollar since the 80s, meaning it was more valuable than the dollar.
Making export from Ghana far expensive in any African country .

In the first decade of the 21st century, the decision was taken to redenominate the currency to make it easier for accounting and by then it was trading at 0.95 to a dollar.

Ghana had a negative trade deficit by then so having an exceptionally strong currency was good for consumers but bad for the economy as foreign goods was more attractive than locally produced ones that were priced out.

This scenario had to be reversed to gain a positive trade balance and make Ghana export affordable and locally produced goods price competitive. So a gradual depreciation was allowed.

Ghana now have a positive trade with the rest of the world and the cedi has remained at 5.3 and 5.7 for 8 years.

And it is still more valuable than majority of the currencies on the continent.

According to the latest data from the World Council of Credit Unions (WOCCU), Kenya’s credit unions or savings and credit societies, have a total balance sheet size of US$ 10,048,671,112, reserves of US$875,938,666 held by over 8,033 credit unions with a membership of over 8,551,540.

The entire co-operative sector has a loan portfolio worth US$ 7.99 Billion and savings of more than US$ 6.728 Billion.

rvp20182:
Look at informal traders in Kenya with their own Sacco or bank. These traders, okada drivers, such kind in a small town called Gilgil.

They are at least 175 deposit-taking SACCOs in Kenya - mean they are equivalent to banks - some larger than Ghana Banks.


https://www.youtube.com/watch?v=46BmnYVWQPU

As for petrol - it now 120 shs - half of it goes to taxes - half of it to ensure we get good fuel that meet standards and never run out - fuel levy on petrol is for well maintained roads mostly - which lead to less fuel and less repair. Nigeria does the opposite - there is fuel shortage, adulteration, knocked down engines, broken mechanics, inefficient engines - end of the day - you spend more!

You're a cartoon for lack of a better word.

So people take money from their mattress - straight to capital market or startups - who proceed to bank it under the mattress.

When it comes asset management companies, pensions funds, insurance companies, equity funds, venture capitals, capital market - Kenya is 2nd only to South Africa. Nigeria struggles to match Kenya - leave alone your country that is another Zambia.

You think Upper hill - Nairobi has been built by what and who?

As for Equity Bank and KCB - check your nonsense statistic again. Both KCB and Equity are definitely in top 20 of Africa big banks - I think Equity right now is 10.15 billion dollars...with KCB following closely...at about 10B dollars. Just few miles from Nigeria's UBA, Zenith and First Bank - and definitely with Congo expansion on serious upward trajectory and possible Ethiopia opening up - Equity Bank will overtake all Nigerian banks in 5yrs. Scratch that in 2-3yrs - I see their biggest Zenith is merely 17B dollars in assets.

Ghana banks - will not get into top 10 - of kenya - despite kenya having more than 40 banks.

When it come to Ghana - Zambia - and Zimbwabwe - you have SERIOUS problem of hyper-inflation hangup. You'll not get over it that easily. Most Ghanians would rather keep dollars because the know CEDIS can get so many zeros so easily....even if you keep re-dominating it - and pegging it to the dollar.

Just30:
in the capital market, companies, start ups and projects.

Your biggest banks would struggle to enter the top 15 asset management companies in Ghana.


I don't know why you like to lie

Equity bank asset is at 6 billion dollars and KCB asset is below 4 billion dollars, according to your central bank.

I thought you would know what an asset management company does by now.

Nigeria wanted to dump their name - and soil all Africans - United Africa Replublic?

Africa Union should reject the name change.

We went through your official gov propaganda figures - and dissected them. Start with electricity access - which is really mean community access. You water company has about 600K customers only - that is about number of kenyans with fiber to home connections.

Maybe when you finally afford to do a proper census - we will have some up to date figures.

Otherwise it's pure propaganda based on political parties data.

Just30:
in all areas of development.

After several years, and you are still making excuses for why kenya is poor and undeveloped.


Not again kiddo, smoke your wee somewhere else.

kikuyu1:
Saffas , it's true! You guys have mature high tech industry like developed aerospace products and a multi billion dollar car industry yet they're way ahead of you.
Malaysia is pushing on 1st world status.

"
[url][https://asia.nikkei.com/Economy/Malaysia-on-track-to-developed-country-status-but-has-far-to-gourl]

THEY began their multi billion dollar palm oil industry a century ago. Guess where the seedlings came from?

Nigeria.Kenya now import a billion dollars of palm oil.As for south africa they are competing with kenya instead of preparing to join developed world.shameful.Bonobos

Randlord:
Stagnating SA - No developments

Compare yourself with say Malaysia or Thailand or Indonesia... countries you're supposed to be in same level.and you'll understand why you can only impress poor west Africans.Youre building more slums than such shopping centers.The economy is sick.

Appisko:
Facts not sentiments

What makes such nonsense facts..or you think banding together to console your sorry arse will degrade Nairobi... the world 6 most dynamic city, the 11st most ecological friendly city in the world and the most innovative city in Africa.Again slums occupy only 2 percent of Nairobi landmass, are not growing and are infact being reduced through demolition.Those are facts.Nairobi slums are well known.Nairobi is growing on steroids.. number of planned high-rise already overtook joburg.The road infrastructure is getting there with more than 1.5b dollars under construction.The Nairobi commuter rail is being extended.Nairobi adding 200 million litres of water this year.Nairobi extending it's sewage network to cover 75 of residents.Nairobi fixing walkway with more than 500km of pedestrian and cycling paths.Nairobi is putting up thousand units of affordable housing.