₦airaland Forum

Learn basic of lending before you go on tangential issues dragging kenya into Ghana self-inflicted financial woes.
PRINCIPAL then interest. Not capital.
Kenya gov is paying Chinese loans of course - the only issues chinese have ceased lending to Africa.
Ghana has solvency problem. It's bankrupt...it now locked itself out of both domestic and external debt market.
Kenya is breezing through
The last infrastructure bond was oversubscribed by 153% - gov had to reject lots of money.
And kenya economy is growing - 11% in 1st Q, 5.5% in 2nd Q.

vaxx:
As for defaulting , you already defaulted, The clear case of china sanction is an evidence, You are given to 2025 to pay your debt ( capital and interest) and if not , you already know what will happen your port is a collateral , though your klepocrazy govt denied it ( but we know where there is smoke , there is fire too) so your govt can keep the lies to themselves now , reality will soon unfold them.

Your country is caused by nature, common water is lacking in some part of your country for about six years now . Even kn the rainy season, rain refused to fall there

Another shocking news, the rivers that comes from Ethiopia highlands has dried up as well, at least, it will have help your country so much at least the people sharing border with Ethiopia.


Kenya will soon borrowed to feed her citizens, it is already going to happen soon, common maize are been stolen from the farm.dont compare your cesspit with Ghana

Countries in default; Ghana, Ethiopia, Chad and Zambia.
Kenya is not in any trouble; Yes Kenya locked itself out of external commercial debt market due to high interest and forex risks;
And will focus on getting bilateral and multilateral loans...until the global recession has ended to seal any fiscal deficit;
Kenya gov is borrowing domestically without any problems - local debt is being oversubscribed and gov is rejecting money.

Next week the US is going to jack interest rates again...making things pretty bad for many countries.

We wait for two things on Ghana...external debt restructuring and then when IMF program will start. The rest are projection from a country in financial pain hoping everyone is defaulted.

You made your bed - sleep on it

vaxx:
The interest of the debt that you called cheap will later becomes too high for your poor country, making your debt becomes unmanageable . Just look at china new sanction on you , you are punished for your refusal to pay your debt on time, this is just the interest on the loan not the loan itself , ( You are paying additional millions) and you are already defaulting, how can you then pay the real loan. Kenya is already in slippery slope whereby you cannot afford the payments of your borrowed debt , so you have to take out other loans to cover them and so on. You are messed up.

Morroco does it. That is how to play in world cup. Not leak goals like Ghana sieve.

Morocco playing like real atlas mountain lions. 10 minutes to semifinal

South Africa GDP in 2010 - 410B. Then 2020 - 350B. Now 410B. I dont see what magic you'll use to turn the tide. 2030 - 410B or even less.
That simple.
Kenya 2010 - GDP 45B. Now 115B. If we add similar period forward with same dynamics - I dont see why not - Kenya GDP will be 300B.
So to be precise - 2035 - kenya and South Africa will be near equal.

And this is not a strange phenomenom - it has happened to many countries in middle class - it called middle class trap.

And you're even luckier than say Brazil whose economy was 2.6 trillion dollars in 2010 - and now it's 1.6 trillion.

IMF/WB cannot predict such

According to the concept, a country in the middle-income trap has lost its competitive edge in the export of manufactured goods due to rising wages, but is unable to keep up with more developed economies in the high-value-added market. As a result, newly industrialized economies such as South Africa and Brazil have not, for decades, left what the World Bank defines as the 'middle-income range' since their per capita gross national product has remained between $1,000 to $12,000 at constant (2011) prices.[1] They suffer from low investment, slow growth in the secondary sector of the economy, limited industrial diversification and poor labor market conditions and increasingly, aging populations.[4]

From 1960 to 2010, only 15 out of 101 middle-income economies escaped the middle income trap, including Hong Kong, Japan, Singapore, South Korea and Taiwan.[5]

jl115:
that's the IMF and yes I agree because their growth projections are the same as our treasury

Uhuru park at night - Nairobi nailing the aesthetics.


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

So you agree with World Bank not South Africa Treasury.
Can you dial back and see what they predicted kenya will be now.
They predicted kenya will be here in 2030

jl115:
Nope I don't agree

Okay let halve the "problem".
You're agreed that South Africa nominal GDP by 2025 - will be playing around 380-420B - depending on usd/rand.
GDP per capita will remain stuck - 1.5% growth rate versus 1.2% pop growth rate.

You're agreed that Kenya GDP by 2025 - will be 160-180B.

Once you accept that as baseline - we can proceed from 2025 to 2030.

Then 2030 - 2035.

jl115:
I never said it wasnt credible.... The IMF growth projections are the same as the SAn treasury

South Africa Treasury is not credible?
Kenya Treasury is not credible?
They are the most credible and make very accurate medium term projections - not wild projections
Face the reality

jl115:
I'm asking you to cite your debate with an an actual projection from a credible source... That's how debates work......you can't site any since every single organisation shows the opposite of your argument, the IMF, WB, pwc, WEC forum all clearly show SA ahead of Kenya untill at least 2080....by which time Kenya has a massive population advantage

Even in Senior High school you still openly defacate? What is wrong with Ghana

https://www.youtube.com/watch?v=TAcfOol4py4

But you draw the line of civilization when it come to defecating and dumping raw sewage on the ocean. Kenyans dress the way they want - for their own comfort & happiness - not to please Ghanians- and of all the many problems we have - It's an non issue.

vankelvin:
Its not important, I agree with you on that but it's also a fact that uncivilized people don't know how to dress

How do you measure who dress better or worse little girl. And of all the things why is that even important. Deal with serious issues like lack of sanitation in Accra...and reduce the smell. Maybe then you can not only dress better but smell better.

vankelvin:

Excuses as always
Is Kenya's more colder than South Africa or the North African countries? Even your neighbors Tanzanian's dress far better than you guys.

Obaboon,
Kenya school unrest is a problem that we are addressing as progressive nation. It's not animalistic - it's parent leaving parental responsibility to schools - schools and parents forcing kids to do rigorous studies and exam - and etc.

We already address this 1) Reducing workload 2) Removing exams & replacing them with assessment that happen throughout - no need for final do or die WASCE exam - everdyay a kid does CATs - it count for something ,And now has started to abolish boarding schools. These reforms are now going into their 10th year.

Now let move over to the Zoo - university lecturer strike is now clocking 1 yr - universities teem with cults that engage in human sacrifices - and later graduate to organized criminals that engage in kidnapping.

Your zoo will never tell kenya nothing.

Functional country whenever it faces challenges - will address challenges. A Zoo is unable to address electricity challenges going into 30yrs plus, university lectures and funding, name it, everything in Nigeria is almost broken.

obaaderemi:
You are just an animal, R I P.
Are Kenyan kids the only ones in boarding schools? Nigerian cult groups do not compare to this in any way. We are talking about kids below the age of 18 raping and killing girls in boarding schools and you are here defending it. You are stupid.
Look at the way the idiot is celebrating it as if it was something good.

Mad cow in his element.

Just30:
Debt are already being settled on time.
We are talking protecting the banking system.
Central banks don't owe debt

monkey say monkey do

Just30:
Kenya needs those culvert to create a better sewage system more than Ghana. A nonexistent drainage system is the reason why you expressway had poor workmanship

Ghana has a modern drainage system in every community that collect waste water and surface runoffs.

Why not use the fund to settle their debt on time

Just30:
The Central Bank has already created a fund for the Commercial banks which is a buffer to safeguard them from the effect.

The SEC will do something for the fund managers as well

Sounds like a strawman argument to me. You enact a straw man called "credible institution" so you dont face the reality. Projection for next decade is easy - because we already know - south africa will not grow at all or at best just slighly - while kenya will be growing fast.

jl115:
do you understand the words : "Show me a projection from a credible institution that puts Kenya ahead of the South Africa"

Ans yes the IMF growth projection is the same as our treasury projections

Most of kenya is cold; colder than West Africa sweltering heat; so expect people to dress up; And if you're dressing to impress people; or have colour for each day; then clearly your priority as country is misplaced;

All that wasted energy dressing in similar manner should be invested in digging up trenches, putting culverts and creating a modern sewage system. That is where you can show unity as people...not in dressing in similar colour in some days of the week...like some boarding school kids or goats.

In Kenya and many other countries - you dress how you want - when you want.

vankelvin:
They know nothing about dressing.
Even during their big Gospel shows or any of their awards shows you will marvel.
It's always their men in huge suits, wide shoes and dangling trousers for me .

Here in West Africa you often hear people say *dress to kill* where they dress fabulously on red carpet but I think Kenyan ladies actually act that phrase better. Their dressing can kill your eyes

Obaboon, you're back to the default mode of not thinking. The only animalistic people we know are Yoruba cults - who engage in human sacrifices and vodoo.Those are your very own people.

What exist in kenya school system is kids under intense pressure deciding to burn schools.

What exist in Nigeria are animalistic human sacrifices horrific cults.

Dont project - fix your worship of Orisa and Ogun and stupid gods

obaaderemi:
This has nothing to do with the boarding school system. This is clearly a case of the animalistic way of average little Indians.

A Ghanaian said earlier on that Kenyans are uncivilized. Now I know where all the madness and shamelessness of little Indians here stem from.

Long overdue.
Instead of useless banning of imports.
We should ban export of raw materials.
African will then force manufactures to relocate here.
This especially where African control market - Cocoa btw those four countries - that is 90 percent of the market.
They can dictate terms.
Force those big companies to come and make chocolate from West Africa - and generate more jobs.

Just30:
Do you think Nigeria should join?
Ghana has had enough of Europe's hypocrisy and at this point just giving an *F *U


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

So I should show you projection that kenya GDP will be 107B dollars in 2030
When it passed there in 2021?
Which projection is more credible.
South Africa Treasury and Kenya Treasury have medium term projections.
That basically should settle this issues.

But you want to go back to delusional of pre-2010 when South Africa was going to be this big giant.

And then it crushed!

Below is GOLD standard projection from South Africa own gov. Just extrapolate that to 2030.
South Africa will be STUCK. GDP per capita likely to come down to even 4000 - might even eventually go down to Lower middle class.

jl115:
do you understand simple English?..... I said show me a projection from a credible institution like PWC, WB, IMF ect ect ect that do growth projections every year and show me one that puts Kenya above SA in our life.....

The largest Mall in East & Central Africa- BBS Mall Nairobi
* 3500 Shops
* Local and International Brands
* Gold Souk
* 150,000 visitors daily
* 2200 Parking Spaces
* 32 Restaurants
* 364 toilets
" 12 banks,
* 3 Major hospitals
* 7-Star Hotel
�� Open For Business

Somalis really transforming Eastleigh into a business hub.

https://www.youtube.com/watch?v=agoDuIIg9OY

https://www.youtube.com/watch?v=cRFU5TKpvbo

Ghana has long way to go in tourism - the delusion aside.

The host - our only nice place is airport city - and we have sanitation issues.
The guy - yeah - kenya and south africa ahead - but we are now marketable.

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

Who predicted that South Africa was crushing and kenya was firing on all cylinders.
I have shared the best projection - from your very own treasury - that project 1.5% growth - just below population growth rate - for next decade.
At that rate - South Africa is hardly growing - will still be 400B dollars in nominal gdp- depending on USD/Rand.
I have also shared kenya projection - that for example - project kenya GDP could hit 160-180B dollars in 2025.

So really the challenge is to predict from 2028 - to 2032 - you just need to project further mere five years.

That I think is point where kenya matches South Africa - and overtakes it. I dont see why kenya cannot turn from 200B plus economy in 2028 to 400B plus in 2032 - if the growth is sustained - and nothing suggest it cannot - because the growth has been broad based, diversified and solid since 2003/2005.

jl115:
they did... Decades ago, now go get that projection that puts Kenya above SA...

Nigeria university cults or fraternities should be treated as organized crime;
They are organized criminal cults
And should be dealt with seriously.

Such cults in kenya are proscribed. The minister of interior gazette them as organized criminal network or mafia and they are hunted like dogs.

Good example - Mungiki - they are or were organized cult around Matatu sector - who beheaded anybody who didnt pay their fees - eventually they were killed - and finished.

Police killed 500 of them - until the UN sent a UN human rights rapporteur - the same happens to Mombasa base seccesionist movement and other orgaznied criminal cults.


https://www.youtube.com/watch?v=M0kQI57fUSI


https://www.youtube.com/watch?v=8Bk6JpKul4k

Nigeria has this American system of fratenities;
Where kids belong to cults and such
I have seen it US, Philiphines and Nigeria.
Kenya people are just general tough - inside and outside university.
The toughness of kenyans is more they dont entertain nonsense - and will do whatever they want - be it drugs or gayism or whatever.
Being thug or a thief you're almost guranteed not to live beyond 22yrs in kenya.
There is hardly a kenyan thug who saw middle age.
Police will either kill you - better for you - but most likely people will lynch you.

vaxx:
You can never have a tough university system like Nigeria . So be careful with Nigeria and your west africa choice of words. The kind of fraternity operated by some student there can be liking to mafias of Italy or gangsters in the usa . Guns and matchet aren't a strange things. .

Ghana on the other hand has so many cool headed individual. We can talk from morning to night but we hardly throw punch against one another. But if it must happen , it happens bloodly

You're yet to start boarding.
Most kenyan kids are taken to boarding - almost most by grade 4 - 10yrs.
Kenya has world highest boarding ratio of kids.
And kenya education is pretty intense because everyone knows it only way out poverty.
Kids are taken through rigorous reading and learning.
Eventually they snap.
By university - nobody wants to read.

vankelvin:
Boarding system is everywhere

What you fail to recognize is the fact that all humans can be stubborn and bad but the way the society reacts to issues have a way of controlling such manners. The recalcitrant behaviour of Kenyan students sterns on the fact of a failed society.

Ghanaians can be as bad as anybody but then our upbringing makes us to comport ourselves all the time. Also you wouldn't want your life to be truncated just because of your bad behaviour.

In summary, the difference between a Ghanaian and a Kenyan is Ghanaians are generally civilized whilst Kenyans aren't, even the way you guys dress speaks volumes

Kenya school boarding mess - Kenya has highest boarding student population - twice the world average and it paid huge prize for it.

There have been many tragic incidents; somehow we escaped as we attacked the girls dormitory; which somehow in our stupidity then blamed for school strictness. Some have been very tragic ; Like Kizito massacre - where boys set girls schools in fire;

Almost every year; kids and teachers killed;

https://www.youtube.com/watch?v=HcXCoWE3X4w

One of most tragic during our time - was this Kizito massacre. This was to be us but we got lucky,

30 years ago, a group of school boys went berserk in the middle of the night and descended on their female colleagues, raping and killing 19 of them. The boys were later charged in court but escaped with light sentences since the charge of murder could not be proved. Today, some of them live in the same community with the survivors of that ordeal. Was there a miscarriage of justice?


https://www.youtube.com/watch?v=1YMr75331Sc

Of course they are not the same. And that is what I said.
I have watched couple of videos - Ghanas are peace loving bible loving nice folks.

What you described as news is not news in kenya - every years kids in Kenya BURN SCHOOLS every year...in thousands.

Sometimes they have to close all schools as wave of school burning starts.

When I was in form 2 myself - we organized our first strike - we burnt down many things - my friends got arrested and expelled. I somehow escaped after two weeks of suspension. We were 14-15yrs. This spread from school to school...leading to wave of school being burnt down...a

In form 3 - I was finally expelled - as we organized another strike that didnt happen.

Like I said Kenyans are pretty hardcore. West Africans are pathological liars - soft christian bible conmen. Dont take your soft behind to kenya - try South Africa or Europe or US.

Kenyans took education too seriously - send kids to boarding school as early as possible - and it eventually tore it apart - kenyans got the high quality education yes - but it paid huge price - that is why exams and boardings are being almost scrapped.

https://www.bbc.com/news/world-africa-60309939

Sometimes it reaches a point where almost every high school is burning down..... in 1990s ... I fundraised for petrol...we would burn down dormitory and classes down.

30yrs - maybe more.

A school dormitory in western Kenya burned down a few weeks ago and several students were arrested on suspicion of arson - just the latest instance of a devastating criminal pattern that has dominated the country's education system for more than 30 years.

Last year saw a particular spike in the number of boarding school arson attacks by the pupils, which students blamed on an intensified curriculum following time lost to the Covid lockdown. The second half of the year saw an average of three a week. The BBC has spoken to students whose schools have been set on fire to investigate what lies behind the regular attacks.

vankelvin:
So whenever you comment make your comment make sense because Ghana and Kenya societies aren't the same for you to want to describe Ghana universities as Junior High Schools.

Just some few months ago some students of Knust and Legon took the laws into their hands and destroyed things, as we speak, there are those that are in prison, some have been expelled. Two old students are facing the laws in court, and to add to it their certificates have been rusticated.
There are investigation still underway to fish out all the other students who weren't captured on the CCTV camera's.

Note that Ghana and Kenya are not the same and the university systems are run differently

You should study Ghanians - who just got bankrupted yet again - and are busy defending their gov. Their weirdest species on earth. Nigerians apart from Obaboon here - those I meet - are ever bitter about Nigeria.

Ghana would make good study of how a nation can have such low self esteem.

vankelvin:
I started studying other Africans no be today oo

Like I said I dont know how things are now.
I have been to universities in kenya - they look cleaner than our time
Though even during our time - they were very clean except when workers left at evening.

During our time late 90s and early 2000s - our universities were center of public revolt.
Public revolt against Moi dictatorship and such.

Nobody definitely would arrest a student - we were a law unto our selves.
We were the freedom fighters.
We wore marxist revolutionary t-shirts, we read revolutionary books, and were center of fight back to redeem our country.
Unlike Ghana where military or others protest - we protested.
Unlike NIgeria - if power ever went out for even 15 minutes - we would be in the streets - smashing cars.

Those were late 90s and early 2000s - Kibaki became president - brought up expelled university students - some very old.

That was our time. Nowadays things I bet have changed. They are now doing drugs and partying.

vankelvin:
Kenyans are uncivilized people and that's basically that.

We all know students in Public Universities have the tendencies of causing commotion and violence but then how society takes on these issues encourages or deters students from repeating such

In Ghana university students are allowed to do whatever they like but when they go contrary to the law they are severely punished.
Even if you are an old student and you are cought causing violence on campus you will be arrested, prosecuted and your certificate will be rusticated.

This was actually a continuation of the resident madman that Ghana main attraction is nightlife - bars and all that.
The lady describes Ghanians as laidback soft-spoken crazies who celebrates funerals and weedings on the same day.
And that wasnt even the main reason I posted her - it was to proof to Samrobo that Accra smells.
And then I remember just30mad man claims that their nightlife is anything oustanding.
If I have a mental problem - it would show up in irrational posts.
You see most of you Ghanians are sensitive because you know your smell bad from putrid air to the floods of sewage whenever it rains.

vankelvin:
Hello, go for a mental check up okay
You are losing it gradually.

What the lady said in the video and how you narrated are quiet opposite .

I repeat, Kenyans are so primitive to the extent that you guys think everything should be done the same way everywhere.

Whether Matatu, Danfo, trotro or buses the underlined word is transportation . Some countries prefer trams and monorail, all that is important is for people to reach their destinations on time.

Basically, all that you do on this page is you write stupid things then tag every country so people will argue with you. You have a mental problem