₦airaland Forum

Good indicator but nothing solid.

Look at Binance traffic - I see Russia leads with 5.7m visitors. This make sense (many russian have had to adopt crypto to evade their visa/mastercard restrictions) - and looks plausible

Nigeria - 65Million using crytpo is crazy to me - that is 1 in every 3 Nigerian - unless maybe E-Naira has been widely adopted.

GeneralDae:
Okay I'll oblige you as long as you are ready to stick to facts not gut feelings.

Binance, the world’s largest cryptocurrency by volume of transactions, just announced that it added 12 Nigerian banks to its Peer-to-Peer (P2P) platform in a bid to reduce the possibility of disruptions during the process of P2P transactions.

Binance added 21 banks across the African continent; however, 12 or 57% of those banks are Nigerian banks [/b]which include: Access Bank, Ecobank, Fidelity Bank, First Bank of Nigeria, FCMB, GTBank, Keystone Bank, Stanbic Bank, Standard Chartered Bank, Sterling Bank, Zenith Bank, Union Bank of Nigeria.

[b]Due to the heavy concentration of Nigerian banks, it would suggest that a chunk of Binance’s P2P volume comes from the country.

Binance argues that by using a specific local bank or e-wallet in the advertisement as a payment method before picking P2P users to transact with, it will reduce the possibility of disruptions since the counterparties can see in advance which bank is the preferred one for you to pay or receive money. Binance stated, “This will help avoid inter-bank delays and fees.”

What you should know
In the announcement, Binance has asked its users in Africa to also suggest other local methods they would like to see on the platform.
Of the banks listed, four of the five tier-1 banks (FUGAZ) were added to the platform, with the exception of UBA.
Of the 12 banks listed, 9 of them are of Nigerian origin, while the other 3 are originating from other African countries or abroad.

I dont seek validation or to be loved or popular online. My fidelity is only to facts.

Please find me other sources - that support 65milion nigeria engage in crpto.

Again if there is just a single source - then we got a problem.

If it well established fact - it should be easy to verify in many sources in many crypto exchanges. Binance is now the biggest - should be easy to know how many Nigerian engage in crypto transactions from there.

GeneralDae:
I doubt that.

Question remain unaswered - where did all the minerals in saudi arabia of minerals go - that you now have whopping 26% of your population living in slum. If kenya had been similarly blessed with a natural resources jackpot - that would be legitimate question.

The answer lies across the border - Botswana.

Black gov that cares for it's people - uses it diamond to transform the society. Botswana

The Boer took all minerals/land/resources - and made blacks poor in a Saudi Arabia of Minerals. South Africa.

jl115:
% of people living in slums:

SA : 26%
Kenya : 47%


Next question

Again after Mercer QOL - here we go with PWC.
People who work in PWC - are you and me.
You can make your prediction based on sound reasoning.

Who awarded PWCs the prediction honours - as far as I know they are bean counters.

They are not prominent economists - I would rather read something from even Economist Intelligence Unit - than PWC crap.

Prediction is hard - and so give it your own short - convince us how in 10yrs south africa will turn around it fortune - and how kenya will stop growing.

I have done a simple - projection myself.

jl115:
so the PWC report released a couple of years ago didn't take considerations into account that you claim have existed for 15 years??

Do you not sometimes read your posts and conclude how utterly ridiculous they are?

The fact that they are million south africans living in slums. If you were developed country - I will have no advice for you. Certainly South Africa is ahead of kenya - but remember we are dealing with unequal country.

jl115:
The average black South African earns twice the average Kenyan and lives in considerably less poverty..... So again, what puts you in the position to say anything about development?

They never predicted you will be stuck in middle class the last 15yrs did they.
You're going nowhere because Latin America is good case study for you.
You're stuck in middle class trap.
You're unable to discover the trick South Asians have used to prosper.

One of them is motor cylces
https://unhabitat.org/sites/default/files/2013/06/GRHS.2013.Case_.Study_.Bangkok.Thailand.pdf

See Bangkok - how it look - now.

jl115:
And yet the IMF, World Bank, PWC all clearly put SA ahead untill at least 2080 and still far above Kenya wrt GDP capita until.... Eternity I guess

They are parts of kenya that are developed - they are part not developed. They are slums in south africa. They are people living poorly in remote south africa.

They are thousands black kenyans richer than white south africans.

jl115:
but that underdeveloped part is twice as developed as your country?? So what puts you in the position to say anything?

The best predictor of the future is the past;
15yrs ago - kenya gdp per capita was not even 700 - now it's 2100 - 3 times.
15yrs ago - South Africa gdp was exactly where it is now - around 6500usd
One is growing very fast - the other is stuck in a middle class rut.
One is adopting ASIAN model of growth based on human capital investment- one is on the LATAM minning then chaos, crime, drugs path to nowhere.

Kenya right now need to just double it's GDP per capita to be like south africa - upper middle class.

That will happen in a decade or even less.

jl115:
Kenya isn't catching SA in our lifetime

Most of the time - my gut feeling is very close to the truth.

GeneralDae:
Okay, I thought you were saying your feeling is the truth.

I am saying I dont believe it. I didnt tell you how to react to it.

GeneralDae:
So Bloomberg gives a report based on the number of crypto transactions in the last month, you are saying we should reject their report and believe you?

I dont talk down blacks - I want them to prosper in a country that is two in one - one part developed - the other undeveloped. That undeveloped part should adopt stuff like cheap motor cycles. That was the debate.

jl115:
You talk down on black SAns as if you yourself are in a better position.....the fact is a black SAn is twice as well of as a Kenyan, so while you try and degrade black SAns just remember you are beneath

You are not at South African level. Stop being delusional. Now with bankruptcy you need another 50yrs to get to South Africa level. Kenya just need 15yrs.

Just30:
Ghanaians remain the strongest.
Rant all you want

Don't worry, together with the South Africans, we prefer donkeys

We won't ever be weaklings to be disposed of lands or be castrated.

I like the way you wish your country resources will attract investments for development. To be able to do that require great minds which Kenya doesn't have

With all your gold since 15th century and now oil, you should be way richer but every time I check the data - I dont see any much difference with kenya - the per capita is almost the same at 2,200usd.

There are countries that I respect like Botswana and Namibia - those are middle class - Ghana - please pay debt first. You dont impress me at all.

vaxx:
An average Ghanaian is richer than an average kenya . An average Ghanaian enjoys basic of social life than a middle income kenya earner . More socialize as well and well open up to the global world . We aren't a villager here.remember many Kenya are largely in rural area , that is about 70 percent.

Why is race not an issue when we are talking south africa economy? It's the elephant in the room. You've had centuries of privelege sitting on the poor weak Khoisan and the data speak for itself.

South Africans blacks unemployment is almost 50% - the Boer unemployment is 7%. The income disparity staggering.

Here you're ordering a custom-made sprinter while your friend is stuck in soweto slums without much upward mobility.

jl115:
jeezez why you Kenyans always resort to race when you lost a debate ?

That 63 million Nigeria makes regular crypto transaction is implausible. That is my own take based purely on common sense and heavy dose of distrust of cryptos generally.

GeneralDae:
Bloomberg is not plausible or credible?
Enaira has not even gained traction and people's love for cryptocurrency is one of the major reasons.
You are fvcking hilarious.

Doesnt look plausible or credible. I guess they have taken e-naira to be crypto currency

GeneralDae:
Nigeria has the highest % per adult population on Crypto transactions globally.

And south african blacks should be rich - and you should be in holland driving your bicyle if it was anywhere else in africa - but you have subdued the Khoisans - the weakest of black race after Ghanians.

Now the majority blacks fair no better than barren resource dry kenya - yet nature has blessed them with incredible mineral resources.

South Africa is Saudi Arabia of minerals.

jl115:
OK and?

The 1% need motor bikes. I am not worried abou them. I got enough worries already. In your derision of motor bikes - you're missing out. It's not kenya that is missing. Kenya is filling gaps in their transport services while providing employment to a million riders.

AfriqueDuZuid:
People in traditional housing occounts for less than 1% mostly in the Eastern cape

Public transport is readily available, don't worry

Nairaland mad troll. Why dont you shut up for at least an hour.

Just30:
please don't make the guy starts crying

I dont see a road here.
Secondly how many of 50% of South Africa in rural area afford cars.
They can easily afford motor bikes.
And their lives will improve.
But you're ready to defend the Boer economy while you live in shackle in Soweto slums.

AfriqueDuZuid:
Rural places have tarred roads, proper roads their are accessible SA

You see East African countries are very rural and underdeveloped, starting with Kenya which is 70% rural, Rwanda 90% rural, Uganda 80% rural, Sudan same only Tanzania 60%rural....

Where do you think 750 000km Road network is carved, again public transportation is available everywhere,

Botswana, Namibia, Swaziland, and Lesotho are fine ....those are SACU members

Reserve some sorrow for your broke country - gold and oil producer - that has gone belly up. How does it even make sense.

Just30:
the day I saw Kenyans even use bicycles as public transport, you pay and hop on the back of someone riding.... I felt sad for you guys

Mad cow ->It's one of the biggest sovereign bond defaults of 2022, if hardly unexpected: Ghana announced Monday that it would no longer service most it debt.

Just30:
Well Ghana hasn't yet ... That's why you're still waiting for us to.

Kenya has and has been doing so for two years already, as well as doing carry forward... Till 2060, Kenya will not be able to reduce it 140% 2 item consumption of revenue looting at how your deficit keeps increasing.

Good luck with the economic mess you're in

I have no problem with traditional housing - I have a problem with sick being transported in wheelbarrow. Wheel barrows are not mode of transport. In kenya before we allowed duty free entry of motor bikes somewhere in 2010 - they were a rarity. But now they are life savers esp in remote rural areas. And they have provided a million job.

And that is what you're missing - because while the Boer can afford 4WD pickup - your mother there is being wheeled by your father in a wheelbarrow.

And you're here claiming motor bikes was never a mode of transport - why dont you walk then?

AfriqueDuZuid:
That's Eastern Cape traditional housing... They don't need to change their housing as its part of the wild coast tourism. Those people have preserved their way of life.

Countries protect their heritage by preserving ceitain traditions.

Motorbikes has never been our mode of transport, people buy cars,

I think South Africa need more motor bikes especially in it's rural areas. I find your derision of countries that have adopted motor bikes condescending and ignorant. Many southern africa countries including poor Zambia could do with motor bike revolution like happened in east africa - that has filled critical transport gaps.

And once again South Africa is a not a rich country - it's mostly black people live in squalor.

AfriqueDuZuid:
Those houses are traditional housing in Eastern Cape, they situated next to the sea. Inland we don't have those type of housing

Pickup trucks sells like hotcakes, rangers, Hilux, Dmax, amarock, navara.... All terrain.

RVP you ground up, you should act like it if you behave like that how is vaxx supposed to behave? Your kids, your work, your parents don't matter in here

Again I have never seen those kinda houses, haven't been to the Eastern Cape yet

The usual madness started early. Zambia that defaulted - two year ago - are yet to conclude their debt restructuring as creditors refuse to play ball. You're in for a long economic darkness. Till 2040.

Just30:
Cry of a guy from a poor country that can't provide better options for it citizens hence they have to rely on terrible ways of transport

They are used as public transport buses in Germany, Poland, Romania, USA, Austria, France and etc.

Go pay your debt and stop defaulting and doing carry forward ..

Broke Kenya can't provide good options of transportation for Kenyans

Why are taxis not common in Kenya such that your next option goes straight down the pit to motorcycles?

They are not used as public transport anywhere except poor country like Ghana that buys 30yr old such car.
First eliminate 30yr old cars in your roads.
Secondly at least define the enviromental standards for you cars.

okay scratch all that.

First nobody take advice from poor and broke countries.

First pay debt....then we talk in 2040....we are really wasting time talking to a broke country

Just30:
do you even know a Sprinter van?
This is the most common version
https://www.youtube.com/watch?v=j5RkxL9LazM
2500 and the longer type of it.

If you have mass capacity vans and invested in creating freeways without traffic intersections, you wouldnt be having much traffic congestions for you to be thinking backward that putting 500,000 motorbikes on the road to carry one passenger each is more beneficial than putting 50,000 vans to carry 500,000 people.

Urban mobility does not require backward thinking

Sorry, we don't think backward like that

The South Africa rural being transported in wheelbarrow - as he deride motorbikes

Sound like a lame excuse.
Sprinter vans were not designed for public transport but you convert them to Trotos - same case south african convert vans to public taxi.
Motor bikes can be electrified and organized like Rwanda has done.
They are great in beating traffic jams, accessing remote areas and providing employment to millions.

You wont be broke like now if you embraced such common sensical approach to issues.

Just30:
yes
The Sprinter vans and ,207s we use here are use for public transportation outside.... It has mass capacity hence economical with less footprint.

Motorcycles are a nuisance, environmental mess and complete road rage.

In Ghana we only permit them in our northern poor areas.

That is why they are going electrical - next excuse. How is travelling in upcountry south africa like? Must be difficult. If you had motor bike transport services - your rural areas wont look desolate.

This is how your mother house look like in rural south africa - and you're here denigrating motor bikes.

AfriqueDuZuid:
Pollution, reduced air quantity, etc

How is using motor bike for public transport a problem or an issue? They are meant for transportation. In kenya they employ close to a million people and is critical industry providing critical transport service.

The Trotos you use in Ghana - are they used for public transport outside Ghana

Just30:
yes in poorer countries like Kenya so you guys can use it for public transportation... Europe and US doesn't allow such nonsense

Europe and US are Veitnam and Cambodia market for bicycles and motor cycles. Veitnam alone does close to 12b. Way more than South Africa does in MV. The world is changing.

AfriqueDuZuid:
Motor bikes are notorious in conjested poorer countries Uganda, Rwanda, Congo, India, Myanmar, poorer sides in east Asia, and South America

Never lie and say motor bikes are bough in developed world.

Bicycle lanes have been tried and tested they don't work with exception to Netherlands and japan

Now why has vehicle production reduced from high of 500-600k to now 300k - covid? eskom?

AfriqueDuZuid:
Ford invested $1billion improving and upgrading its plants in Pretoria, components facility which will also aid Nissan

Rosslyn, Pretoria has improved injected money to make itself the continents single largest automotive industrial park

That's where companies like Kromberg(focus on German brands, and RG brose (VW, rolls Royce Toyota etc components/electronics/wiring) comes in

VW is next to a steel plant in Eastern Cape