₦airaland Forum

The first video was okay - if there we enough greenery. This one is Nairobi Metro towards south of Nairobi.

Nairobi has a world-class residence. Let us not go to Nairobi.

Let us try Nairobi Metro - Kiambu, thika, etc

https://www.youtube.com/watch?v=hwrP0H_hkoU

popizaino:

C'mon get off your high horse and appreciate this carefully planned gated community .Even Though beauty might be subjective it doesn't mean you should play down this because it's not located in Karen. if those monotonous vertical structures you guys having been showing us from the beginning of this thread to this moment is the definition of beauty then maybe the word beauty means complete opposite of what it ls.

LOL: 10 floors from richest black fashion designer. In kenya every tom, dick and harry can build such.

Shma:
don't deceive people.
That tower is topped out, I can see the last beam which suggests so.
Cladding is also underway., that means the tower is topped out, nothing like 10flrs to go.

Its 10flrs and topped off.

The problem is not the competition. Our banking sector is free - and any player can come in. We have 45 banks.

The problem is dealing with defaults in a country where collaterals protection is weak. Title deed in kenya are wrought with graft - so if you fund someone to build a house - and you end up with useless title deed.

And then worse our court case is bogged down with huge case backlog - resolving any dispute will take years.

So this is what hails our banking sector.

As for Ghana - GOD HELP YOU: The macro-economics are SCREWED.

Just30:
By raising prices while limiting the participation of foreign retailers in the retail market.
There by creating enough buffer and a sizeable market for players.

Producers usually get their loans lesser.

The delusion of grandeur. She is not richest African woman leave alone black woman. Just say the richest Nigerian woman - holding oil blocks on behalf of Nigerian Northern barons.

samorobo:
Yes the building is built by Africa's richest black woman...heck I mean the world richest black woman...
She is building west Africa most expensive tower @ $165m(just a single tower)... I am not surprised honestly, Afterall one of her houses is regarded to be one of the most Expensive buildings in the world....a grandiose lookiyhouse in banana island..

Shma I made a mistake, it's 22 flrs...12 more flrs to go

The Banks have behaved so far but if they start charging 20% - the bill will be brought back. How Ghana and Nigeria survive with a 25-30% loan is beyond me.

https://www.youtube.com/watch?v=CWa_8sKDSOs?t=44

Just30:
okay

i will watch it in free time

You can have the video. Gov had to play dirty otherwise MPs were going to overturn president vetoe. Kenyan banks remember having been making supernormal profits since 1998!!

There was high drama and almost rigging by gov

https://www.youtube.com/watch?v=Q4C-t4hG8eI


https://www.youtube.com/watch?v=CWa_8sKDSOs

Just30:
any link ?

You don't get it. The interest capping bill was very popular - because banks (like everywhere) were charging people Ghana like interest - well not exactly that bad - but sometimes 20% -

Now gov has attempted to repeal this without success since it got passed in 2016. The interest capping bill had been popular since 1995 but never saw the light until the gov was cornered in the election year of 2017 - and bankers finally lost.

Anyway 3 yrs later - credit growth didn't happen - as Banks bought gov debt instead of lending to risky sectors. The real estate suffered as you saw cement consumption dropped from 6.7M to 6.5M and now about 6M.

There was a court case too by CBK to contest it - and eventually, the Supreme Court of Kenya, ruled it unconstitutional for interfering with Central Bank's independent mandate to set monetary policies.

So in 2019 - Gov brought in amendments as part of the budget/financial bill amendment.

Mps rejected it - and it went to the president - and the president vetoed the financial bill - and it was brought to parliament.

For parliament to overturn the president vetoe of any bill - they need 2/3 of parliament.

They failed in one controversial voting where gov basically used all tricks - and president vetoe won - interest capping was repealed.

It was not going to be easy to repeal such a popular law.

Just30:
so basically it hasn't been repealed because your national Assembly could not raise a 2/3rd majority to overturn it.

Ugly. These are lower-middle-class housing in Kenya. You find them in Nairobi Metro.

vaxx:
it is not even in top 10 simp .

And neither is this


https://www.youtube.com/watch?v=t8ImgBzXpP0

See what. It's now a about 8 months - and with COVID - it will take some time before our banking sector recover enough to lend - so this year is no good for real estate.

The Finance Bill, 2019 was signed into law on 7th November 2019, repealing section 33B of the Banking Act which provided for the capping of interest rates at 4.0% above the Central Bank Rate, pursuant to the failure of the National Assembly to raise a two-thirds majority to overturn President Uhuru Kenyatta's

Just30:
we are yet to see it

Tell the guy on that video to stop making that claim then

Just30:
its not even close

Policy experimentation is hallmark of success. It failed. And we have long repealed it.

Just30:
when we said this last year about your interest rate cap,
You said i was a lie.

Now see the effects.

You're in an argument with everyone here. We don't need a special invitee to rebut nonsense.

Eko City is Lebanese.

BeforeJuly:
I wasn't even in an argument with you dawg.

Eko Atlantic developers are who?
I need an answer.

This is Ghana most luxurious . You have a long way to go.

vaxx:
Ghana cement consumption


Accra



https://www.youtube.com/watch?v=_2qVDAr9zF8

EKO CITY owners again are who? We know when you lose an argument - you start racial baiting.

BeforeJuly:
Don't forget the builders of Kenya bro.

But Thika road was not completed in 2016 . It was completed in 2012. Cement consumption went down when Kenya introduced interest rate capping for loans. That leads to banks refusing to lend to real estate sector...because it too risky to lend to them at 13%.

Obviously, this is greek for you - in Nigeria - you're borrowing bank loans at 30%.

68816419:
These guys are the worst lairs in the whole of Africa, their cement consumption kept dropping like a waterfall ever since that Thika road was completed, No wonder 90 per cent of residents are living in rented houses and the number of slums dwellers kept rising .

You are still insisting that hydraulic cement is not another name for portland cement . The only reason they are not calling portland is because in the developed world - they are rarely sold in 50kg bags like Ghana or Kenya - but most as pre-mix - the cement companies sell either concrete or mortar - they do the mixing at factory.

Back to GHANA cement consumption.

As of 2016 - US estimates you were doing 4M metric tonnes. In 2019 my own calculation came to around 5.1M tonnes.

Kenya has solid data lasting from 1963 to the highest precision.

soon we will have 2017, 2018 and 2019 data....

Otherwise cement consumption would show up in Accra or Kumasi or TEMA...there is nothing there.

Just30:
free education for you



https://www.youtube.com/watch?v=7gw1Rr3278w

there is the normal cement which are there Portlands and pozzolana

and there is Hydraulic cement itself which is used to reinforce those cements above when you build anything in areas with constant flow of water.

Okay, you're making progress. Now try these magic words. I am sorry I didn't know that the cement I normally buy is hydraulic. Neither did I know its called Portland. I only know it as cement.

Let get back to Kenya whipping Ghana on cement consumption and production.

So far we ended in 2016 is estimated to have produced 4m metric tonnes against Kenya verified 6.7M tonnes.

Ethiopia rose to reach 8.3M - a testament to their development on steroids.

Just30:
Just get the teaching for your re education today

The hydraulic cement that your website is talking and Ordinary Portland Cement have different compositions and different uses in the same industry.

Little knowledge is dangerous than zero knowledge. At least a fool has the humility to learn. You're so obtuse.

Technical terms can be confusing if you went for a single track of education and missed the afternoon like your gov is famously mis=educating you.

Before the invention of hydraulic cement - like the portland cement in your hardware shop - non-hydraulic cement was used - lime is one common example

See this video for non-hydraulic cement- or go check any old building.


https://www.youtube.com/watch?v=vXsczbxt7Ps

Just30:
It is applied on the surfaces of concrete, you dont even necessarily have to mi it with the concrete to make sure water does not seep through it.

It easy. Just admit you didn't know. And we move on to interesting debates. I know when you come from little Nigeria and all your life you're looked down upon by bigger countries; admitting a mistake is very hard.

Hydraulic cement=portland cement= common cement you buy from the hardware.

Just30:
The simple fact that you dont know hydraulic cement makes you such a dumb dumb to not have a cement discussion again

i told you this way back when you brought it up.

Free education from youtube on cement

https://www.youtube.com/watch?v=GyR5kik_t00

Go catch some grass-cutter coz clearly you cannot handle data.

Just30:
you can fight it all you want

kiddo

Facts are stubborn

Yes the world is producing a lot of cement to fix leakages; you're insane. Hydraulic cement is scientific name for Portland Cement that you buy from your hardware in 50Kg bags.

Just30:
did you see what they wrote on what you posted?

they said Hydraulic Cement

You can ask for free education from any engineer here or better still, the internet is a free tool.

Please grasscutter. That is clearly a new low. Actually on saturday I was buying that cement - Dr Fix it - because I had a leak in one of the house. It's water proof mix that you add to cement. THAT IS NOT HYDRAULIC.

And if it was World is producing a lot of this cement that is so special - a lot of LEAKAGES I TELL YOU

The cement you know is Portland cement - as per 18th-century British patent - and is the type of hydraulic cement.

Non-hydraulic cement is lime - if you check old buildings in your slave castles - they will have use non-hydraulic cement.

Just30:
will you shut up dumb dumb and take the free education.

Hydraulic cement is a different kind of cement.

You cant even use it for concrete works.

It is a cement that you only add water to and apply unto concrete surfaces to avoid water leakage.

How much non-hydraulic cement do Ghana produce It's funny when an idiot who doesn't know what he is talking about attempt to lecture me.

Hydraulic cement= portland cement and is 100% what you produce.

Just30:
such disgrace

Can someone give this kid some reeducation on what hydraulic cement is, please?


it is so embarrassing

The data is from the very credible USG - not Grasscutter FM. So why are you angry now? I can tell you they have Kenya figures very right. Ghana they have to estimate...but USG are thorough so don't think these are wild guestimates.

Just30:
keep deceiving yourself.
the outcome of your small consumption is the slums we see of Nairobi and all over kenya.

Credible data from USG is killing you. I am going to get credible data for 2017, 2018 and 2019. And you'll be so dead. I think now you're now even 5m metric tonnes.

Just30:
you cant keep making noise

I think grasscutter meat is probably responsible. I cannot come up with any good reason why they would be this obstinate despite strong evidence. The picture test killed them..long before we started on video.s

Shma:
Oooh, we have bigger cement consumption, oooh, we have longest tarred roads than you, oooh, we are more developed than you. Now see the trend.
We have tripled their cement consumption since 1997. That is Grossly 6years down the line.
I bet 2013-2019 stats will do the same.
They always engage in aimless ranting with nothing to back up their claims. No wander things are different on ground .

Beyond your paygrade. Portland cement-like is common in Africa another name is hydraulic cement. Non-hydraulic cement is lime - and it's usage is very limited. It was used in centuries that passed - in very old buildings.

So hydraulic cement is the cement you know.

Austine1213:
Hydraulic Cement is a product used to stop water and leaks in concrete and masonry structures. It is a type of cement, similar to mortar, that sets extremely fast and hardens after it has been mixed with water.

Mortar is used to hold building materials such as brick or stone together. It is composed of a thick mixture of water, sand, and cement.

Now grasscutter eater - we only need CREDIBLE data from Ghana for 2017, 2018 and 2019.

Kenya as always has such data tracked.

So far you are seeing a lot of cement dust from Kenya

Here is what US Gov has for 2013 to 2016 - Ghana has risen from 3M to about 4m.

https://www.usgs.gov/centers/nmic/cement-statistics-and-information

Country or locality 2012 2013 2014 2015 2016


Ghana 4,600 4,500 e 4,500 e 3,830 e 4,000 e

Kenya 4,694 5,059 5,883 6,353 6,707

Nigeria 16,000 20,000 20,000 21,000 22,000

Tanzania 2,581 2,346 2,809 3,135 3,200

South Africa, sales 11,560 12,168 12,068 13,000 e 13,000


Senegal 4,689 5,191 4,899 4,615 4,600 e

Egypt 55,200 50,000 e 52,080 53,940 55,000 e

I rather trust this one. The data we need is from 2013 to 2019.

Just30:
you like making noise as usual

Citi Business and Financial Times are the Bloomberg of Ghana.

see ya later when you can stimulate a boom in your real estate sector.

It quote Ciit Business - which an FM station I bet in Ghana.

Just30:
so global Cement is no more credible just because it places Ghana consumption as double of Kenya's

You can make all the noise you want and you wont get to our level.