₦airaland Forum

Show me your picture in your ramshackle in soweto first. I keep tabs on these things. You dont. So respect some of us

AfriqueDuZuid:
Pull out the 2022 cos every source from 2022 is less than $50billion

That is fake Nigeria
Africa 1,275,297 2022
1,154,070 2021
1,013,530 2020

jl115:
check again, it's $1.25 trillion

South Africa GDP PPP ->
949,846 2022
865,816 2021
680,040 2020

Kenya
303,596 2022
274,067 2021
245,660 202

Just 3 times bigger....decade before 10 times more...next decade...Kenya overtakes south africa.

That is 2019 or something data. Concentrate on things you can argue about.

AfriqueDuZuid:
2022 info

Again SA top 4 banks assets are over $400 billion

Your English comprehension is fake. IMF is not fake. Nigeria GDP is fake. As for South Africa last I checked it was around 800B.

jl115:
the IMF is now fake?

You repeating - put the linl

AfriqueDuZuid:
. SA is $1.250 trillion

Sub-Sahara africa is used by many people including IMF/WB/UN. This is not my invention.
Infact the best would be SSA outside Boer land of South Africa
Because the region has similar xtics.
Magreb - North Africa and middle east - are grouped together.

AfriqueDuZuid:
Isnt it funny that yall always use race in everything

Here you are again excluding northafrica

Now even Info from sources like imf is fake cos....

What's next?

Slum dog, stop writting nonsense,
Your entire total banking assets are about 300B.
Kenya is now about 60B.
Nigeria is 110B.

Standard Bank is about 170B. That is just about 13 times bigger than Kenya equity now at 13B.
If we combine kenya top 3 banks their total assets are close to 30B...just 6 times or less than Standard Bank

AfriqueDuZuid:
Value of those

For example Just like in banking SA standard bank is more valuable 7 times more all banks in Kenya combined

Morocco and Egypt n Nigeria has lesser number, but they all have more value than that of kenya

You dont have indigenous talents - you have diaspora kids coming to Nigeria to try the impossible - before failing. They soon realize they are spending more money and time buying generator fuel than running their business and paying tonnes for security.

They should have listen to their parents who swear never to go back to Nigeria.

GeneralDae:
I swear. It's shocking the amount of foreigners in their tech sector. Imagine we allow these amount of foreigners into our techspace combined with the indigenous talents and potentials we already have. Mehn.

That would be the fake Nigeira GDP PPp. I think your's is about 800b.

jl115:
you do know SAs GDP ppp is $1.25 trillion

This was almost 10yrs ago

Kenya’s insurance market will grow two fold in the next two years according to assurance, tax and transaction advisors Ernst and Young (EY). The fastest growing sector in Africa was reported to be Kenya’s insurance sector, which generated insurance premiums to the value of approximately $1.8 billion in 2014 (the largest in sub-Saharan Africa outside of South Africa).

Hell yes. Kenya insurance and re-insurance boost of more than 50 companies in kenya and many have expanded regionally.

AfriqueDuZuid:
Kenya 2nd?

Hell no!

Africa Reinsurance is not Nigerian.
Africa Re was set up by 36 African states in 1976, following a recommendation of the African Development Bank (AfDB), to develop the insurance and reinsurance industry in Africa through increased underwriting and retention capacities, and to support the economic development of the continent.

obaaderemi:
One boy was talking about reinsurance companies from little India yesterday...
Africa's biggest reinsurers, where's Kenya?

Baseless rant.

vaxx:
very archaic way of reducing poverty among numerous turkana. Many people will not make a positive used of it. It will largely be spend on food and water they are lacking . Build a rich food and water secured environment first .

You are only creating dependency by rewarding indolence. Rather fight government overspending , create decent national borrowing , focus on proper economic growth . All this positive response yield into poverty reduction. It has been proving that a real GDP growth not the (fake statistics) reduce poverty by 1 percent , using Paul money to pay peter doesn't . Too many money thrown at the poor can't eliminate poverty . A good country should rather eliminate redundancy in tech, agriculture, education etc. There should be free education to the basic ,most importantly,acualization of skills. Endowment like land and natural resources should be well managed and not taking by foreigner etc.. foreigner shouldn't get the best part of you.

Country where skills are in abundance hardly lack (no poor skillful country) . Increased your welfare on that first ( then introduce a social security for the less privileged) i.e , those who are biologically incapable to work .

Mad man..take your meds. The redundancy is starting. It's downhill from here.

Just40:
Focus on curbing the massive forex smuggling in Kenya that cause you to lose 6 billion dollars yearly through dubious schemes like this... Your central bank says it gave 770 million for shoe import and your country only imported 6 million pairs.


Kenya has the highest forex outflows on the continent and it all has to do with the fact that Indians and Chinese own everything in your country so the have to repatriate that much money yearly

It was hard but we didnt have to sell equity and most of us succeeded. Now they fail almost 99 percent.
It easy but also hard to survive because of easy money

68816419:
crap

The idea was hatched in 2001, and sketched out on a paper napkin in the restaurant of the Intercontinental Hotel in Nairobi. “Actually, we didn’t set out to do payments,” says Bolaji Akinboro, co-founder of Cellulant. “We set out originally to sell music through mobile phones.”

But what he and co-founder Ken Njoroge had stumbled on was a wider problem in need of a solution. Musicians were using mobile phones to sell to ­audiences. The payment processors at the time were the mobile-phone companies, and they were taking an eye-watering cut.

“About 70-80% of gross value was going to a billing partner. So if we solved that problem, then we would have a business that would be attractive to other people, too,” says Njoroge. Cellulant pivoted from being a mobile-content music provider to a payments platform for music. It started doing bill payments and ultimately became a multinational fintech company.

[quote author=68816419 post=118883916][/quote]

No, it's more like you should go back to grade 1 and learn basic arithmetics. For a country to import 770m worth of shoes - they must wear golden shoes, sit on golden stool and dsheit golden stool.

Just40:
good luck

It is more like a forex smuggling scheme .... This is how your country lose 6 billion dollars yearly in outflows

I got a job with Ken Njoroge - he was CEO of 3Mice - as university student.
They were building websites. Those days you could get 10 million Kshs to build websites - html mostly.
I didn't take the job - I decided to go elsewhere - ended up working for UN.
Anyway, Ken met with Nigerian- and later started Cellulant.
I dont know if M-pesa had started - but Ken was very ambitious
Obviously, everyone knows Cellulant is Ken Njoroge ...not NIgeria.

If I recall the Nigerian was working for world bank in Nairobi

68816419:
black Kenyans you guys are nothing
These Are The 12 Most Funded Startups in Kenya

I just looked at The 12 Most Financed Startups in Kenya, and none of them are truly owned by Black Kenyans. In fact, Nigerians actually control Kenya's tech industry, as evidenced by the ownership of the highest funded firm in Kenya (CELLULANT) .

We are very rich if we can buy each shoe for 128,000 dollars. This makes us the richest nation to ever exists.

Just40:
sorry to burst your bubble..
Your country does not produce shoes of significant quality hence spend 770 million dollars importing 6 million pairs of shoes.

Next assuming

I dont know much - I recall queing in some gov office with nigerians - for work permit related things - all were pastors and bishops - yeah they have captured kenya religious industry. I am atheist myself. I recall the line had Nigerian and Zimbwabwe pastors and such - queing - It either kenya or uganda or both.

I think you send more pastors per capita to africa than is needed. Or maybe because it easy to get work permits?

I dont know but they were many.

68816419:
Oga, we don't need to fabricate evidence to support our claims; we are aware that Nigeria performs poorly in terms of site tourism . but when it comes to cultural tourism, religious tourism, Entertainment tourism and even corporate tourism. Nigeria is a king.
Also, do you have any idea how many Kenyans or other East Africans will travel to Nigeria this December for a variety of religious events? Additionally, how much will they spend on flights, hotels, and other expenses while there?

https://www.youtube.com/watch?v=oIAjvI8pA2M

Kenya produces about 40 percent of it shoes consumption..that was 8 million pairs out 40m five year ago...now should well be 45-50m shoes

Five years ago

Local demand for leather products exceeds supply providing an opportunity for investors to tap into this need. The industry’s production is only able to meet approximately 40 per cent of the domestic demand having supplied just 8.1 million pairs of shoes out of the 40 million pairs demanded by the market in 2017. This demand is projected to grow to 46.8 million pairs by 2021, signaling great opportunity in value addition.

Just40:
so 60 million Kenyans import just 6 million pairs of shoes per year?

Now I understand why kenyans can't afford shoes and walk barefooted

So 32 millon Ghanians wear 2 million shoes per year - even if it's made from horse hooves that is something.

Poor Kenya I bet consumes 50 million shoes...at least one shoe per person per year.

Richer countries maybe can afford 5 shoes per person per year or even 10 shoes.

That would mean in Ghana producing 150million shoes

Just40:
Go to bed you have nothing to say

This is not Kenya where you guys are used to those synthetic nonsense and rubber stuff

We didnt have list;
There were no venture capalist.
There was no silicon valley for Africans.
These are small boys swimming in money.
We had to boostrap our resources.
We started literally in the garage.

These kinds of startups started less than 10yrs ago.

Now things are easy beezy

68816419:
This guy fit lie for Africa , Oga, Who is lying to whom? You founded your first startup when you were 24 years old, so why is your name not on this list?

What are the 30million Ghanians wearing. I assume one shoe per year.

Kenya has 34 million shoes per annum consumption - in 2012 - now that should be close to 50 million shoes.

Maybe now close to 1 shoe per person per year

Just40:
there are as many as 20 shoe companies producing as many as 2 million shoes

Because you know a lie when you see one unless you're a dumbo.

68816419:
Why should we imitate Kenya when we have a higher tourism revenue than Kenya?. Do you even understand what that means?

I formed my first startup with two white men and one kenyan lady in 2006. You were probably in primary school.
I dont know what you do in Nairobi.
I think Nairobi has vibrant tech ecosystem they dont need anyone coming in except if they are linking them with silicon valley.
I was 24yrs when I formed my first startup - I needed the white guys for finances.
Now I dont know what you deploy in Kenya industries - I have really limited experience working with kenya companies.
I have generally worked for global companies or international organization.
I have always thrived to earn in dollars.

68816419:
You work as a software engineer, but you were unable to free your fellow Black Kenyans from enslavement and from white, Asian, and Nigerian supremacy in startups. You software engineer are such a waste of space.
Can we examine any of your projects if you are actually a full stack developer so that we can compare our work? I at least have experience deploying certain IT solutions in Kenyan industries.

Only those two - and they appear like newbies?

Just40:
We have better shoes companies
Bata was just a useless brand selling shoes that no one will wear.

Fatima is an employee in a Ghanaian company just like most Ghanaian companies who have given employment to other Kenyans.
Horseman and the rest

https://www.youtube.com/watch?v=kwCxvwKrZz0

https://www.youtube.com/watch?v=qxWYU5wmZr4

The whole calabar thing is depressing. My friend why dont you visit kenya or south africa or botswana - and study tourism. You think investing billions in shitty show will attract tourist.

Calabar has decayed. I have seen that ranch - it decayed completely. You want to close it down - any bad review is multiplied.

There are countries that I have seen tried - Uganda for example - from war zones - now tourist love it - in some years they beat kenya.

Dont waste money building vanity ranches with vanity shiet shows - gov should focus on their job - allow private investors to come in.

Let a white dude come and set up what fellow white people will like - who told you they want a cattle ranch. Maybe they want to see monkeys? Do you know how much they pay in Rwanda to see Chimpanze? More than 1,000 usd.

But you will likely kidnap the white dude.

Focus on basics. Elect a gov that is serious. see your banking sector...it can be done. Suffice to say no tourism will happen in Nigeria when risk of kidnap is high than seeing a snake. Ghana can try

68816419:
You cow, Covid-19 limitation only caused Obudu to be abandoned; it has since been lifted, and even the well-known Carnival in Calabar was abandoned as a result of Covid-19 restriction.

Ignorance is a bliss. You west africans are bunch of morons whose only dreams is to escape west africa.

If you're ignorant about kenya - and you look at nairobi - and you get shocked - that is not my problem.

10 yrs from now - you will be looking for visa to come to kenya - like youre struggling to dubai or south africa.

Dubai was a cattle and camel herding desert recently - most of middle east was camels and desert tribes - now look at them?

Look at Nigeria - got oil in 1950s!!!!!!!!!!!!!!!! and still look completely shiet.

68816419:
Oga go and sleep, We west Africans view you Kenyans as being on par with Somalis . Don't let your ego get in the way; only a handful of Nigerian-owned businesses in Africa or even the world would be able to purchase all you have in Kenya.
You are well aware of our dominance in the fields of manufacturing, sports, entertainment, technology, agriculture, startups, and the economy.
If not for these individuals, even your so-called most profitable company, Safaricom, which is not even entirely owned by Kenyans, would have been run down by black Kenyans. Michael Joseph, who served as the founding CEO from July 2000 to November 2010, and Bob Collymore, who took over at Safaricom in November 2010, both of whom were foreigners, revamped the company.
Why are we even comparing ourselves to you guys when the majority of your firms, sectors, or even the 'large' startups weren't even created or owned by black Kenyans?

Obudu ranch is abandoned horror shiet show. Why are they advertising it. Or it proborno the only thing we got? An international airport without international face...you got problems.

Fix the country.

Please I beg you to elect Peter Obi....otherwise you're done. Nigeria until it embraces its brilliant people will underperform. Suffering n Smilling like Fela Kuti sang.

Elect Peter Obi. Come to Geneva and get WTO Director General who fixed your banking sector. Look for many brilliant Nigerians. Fix your country.

Nigeria has no dearth of talent...you can almost pick PHD IVY league only and fill up cabinet...PS..name it. Lock these brilliant Nigerians in a room for 3 days...and they will give you a roadmap.

But what will happen - another half dying Tinubu will be elected ...he will likely spend more time in London hospistals than in Nigeria.


Look at Kenya - Ruto very young at 55 - has picked very young folks. I was with Murkomen - the powerful minister of transport at Uon - he was a year ahead of me. I was same year with now PS of enviroment. These are people known to me. They are there by pure merit. Young and motivated.

68816419:
Abuja international Aiport

https://www.youtube.com/watch?v=eu1hh9FjeMg

The Bata Corporation (known as Bata, and in the Czech Republic and Slovakia, known as Baťa) is a multinational footwear, apparel and fashion accessories manufacturer and retailer of Moravian (Czech) origin, headquartered in Lausanne, Switzerland.

The corporation is one of the world's leading shoemakers by volume with 150 million pairs of shoes sold annually.[5] It has a retail presence of over 5,300 shops in more than 70 countries across five continents and 21 production facilities in 18 countries. Bata is an employer to over 32,000 people globally.

They have factory in kenya and made incredible harden SAHARA shoes.

Every kenyan kid wears or wants to wear Bata Leather shoes. There shoes are hardy as f. Every kenyan almost want to buy Bata but for the price

They are BATA shops almost everywhere in kenya. They are known for nothing but quality leather shoes.