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PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 6:24pm On Oct 23, 2022
Ghana is better country than Nigeria - because of it's liberal economy.
The problem is macro-economic - their gov just misbehave and have never heard of prudent economic management.
I guess it problem with democracy - where gov overpromises and has to deliver by borrowing aggressively.
I doubt you produce salt; from my reading; Ghana and Senegal; I think you import salt from all over - mostly South Africa & Namibia.
Salt producers in Africa are mainly South Africa, Kenya, Namibia, Ghana and Senegal
GeneralDae2:
This economic policy is not the best for Africa. You need some control at first in the developmental stages, later you can become more liberalised. Ghana is a very liberalised economy and this is part of the issues some Ghanaians are discussing now. To adjust some of these very liberal economic policies.


grin you keep mentioning Dangote, as that's all you know.
If we take salt for example, there are several salt refineries in Nigeria. These are the top ten in the link below. It's an insult in my opinion to compare Nigerian manufacturing with that of Kenya, yet Nigeria protects her manufacturing industries. I think Kenya should do same too else you would regret it soon.

https://infoguidenigeria.com/best-salt-refineries-nigeria/

1) Covenant Salt Company Limited is a well-known manufacturing company in Nigeria that produce high quality iodine salt.

Covenant Salt Company Limited is one of the leading suppliers of refined free flowing salt in West Africa. Incorporated in 2001, Covenant Salt operates under the highest local and international standards to provide the best quality salt to its customers. This company can be located at Plot C10 Afam Close, Industrial Estate, Agbara, Ogun State Nigeria.

2. Dangote Salt Plc
This subsidiary of the Dangote group of companies provide Nigerians with high quality iodized salt. They produce a whole list of different types of salt for different uses.

3. Table Salt
This salt is a fine and refined product for home/domestic use. Following the recommendations and specifications of ICCID, this refined salt is Iodized (with iodide) so that the risks of iodine deficiency can be minimal and also to provide good health to its consumers.

It comes in retails packs of 250g, 500g, and 1KG packets
They are located at 1A, Alfred Rewane Road, Falomo, Ikoyi,, Lagos, Lagos State, Nigeria.

You can reach the company for partnership related purposes through the following lines 01-2695110, 01-2695109, (01) 2695108.

4. Columbia International Limited
Shed E/G And Shed 4, Apapa Port Complex, Apapa, Lagos
A Nigerian manufacturing company that offer salt processing services.

5.Bayswater Industries Limited
are the owners of Mr Chef Salt in Nigeria. This salt is of great quality and is very popular among many households in Nigeria. The company is located in conducive area in Sango Ota, Ogun State, Nigeria.

Their full address is Plot 34, km. 38, Main Road, Lagos-Abeokuta Expressway, Sango Ota, Ogun State, Nigeria.

6. National Salt Company Nigeria Limited
This company is another division of Dangote Group of Companies that specializes in the production, processing, packaging and distribution of iodized salt.

They are located at 15B, Ikosi Road, Oregun Ikeja, Lagos Nigeria.

7. Royal Salt Limited
Royal Salt Limited are into the production of salts in Nigeria. They are a major producers of salt and they distribute to both homes and industries.

The company is situated at Shed No.1, NPA Quays, Port Harcourt, Rivers State Nigeria.

8. Union Dicon Salt Limited
Union Dicon Salt Limited is into the production of various sizes of iodized salts. Their company is based in Lagos State, Nigeria.

Their full address is Kirikiri Lighter Terminal Phase 2, Kirikiri, Lagos Nigeria

9. NASCON Allied Industries Plc
Is a company under the Dangote group of companies.

10. Premium Salt
Premium Salt Nigeria is a product from the stable of Kenni700 Limited.
They are located in Lagos Nigeria; with their regional office in Benin City, Edo state.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:55pm On Oct 23, 2022
China or India are new import sources of kenya - previously we got everything almost from Britain & Eu. Consumers are always looking for best deal - it could be England today - Hong Kong tomorrow - China - Bangladesh - Veitnam.Soon it will be kenya.

Gov job is not to go for easy way out - ban imports - and force people shoulder inefficient industries.
Gov job is to encourage Chinese and Indian companies to come to kenya - build industries here - and sell their stuff here cheaply.
In meantime local capacity by local kenyans is slowly building up - and eventually they compete.
Few more years - Kenya local indigenous companies - expand regionally - and few more years globally.

Gov job is to fix infrastructure, electricity, water and security so it become cheaper for Indian or Chinese companies to manufacture in Nigeria as step 1. Step 2 is for Dangotes to emerge.

Nigeria simply bans imports. Dangote who was selling salt then become industrialist - but selling products very expensively as he cannot manufacture them efficiently.

The results - 15yrs before this banning - Nigerians (on the street) were probably richer than now. The results of taking short cuts.

GeneralDae2:
If China or India goes to war today, virtually almost all countries in Africa would be affected but Kenya as we know it today would completely collapse and with this kind of thinking from rvp2018, this would sadly continue to be the case even until 2035, if this is also the mindset of newly elected Ruto. I hope not.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:47pm On Oct 23, 2022
You dont sustain a sector as insurance against some future external risks.
You build resilience into your economy so you can wistand such shocks.
This can only happen through magic of capitalism - brutal competition as much as possible
If we get sanctioned - we can build those industries from the scratch very quickly - because we will have capital, knowhow & it will be profitable.
But we cannot sustain a fake Google just in case Google is banned.
We should be able to spin our own in few months if it become necessary.
The protected ineffienct industries destroy the economy - and make it very susceptible to external shocks
Once you allow market economy to work - local companies will compete - and become regional or even global giants.
And that become insurance against local economy problems.

For example when Kenya economy tanked in 1990s - because we were facing sanctions due to Moi dictatorship - we re-started EAC.
EAC had died in 1977 due to petty difference - and it came back in 1997.
So in 1990s - Uganda and Tanzania economies were booming - growing at 7-10 percent - while Kenya was sick
Kenya companies moved to EAC from 1998 and were able to survive until our economy started to boom again from 2005.

Fourpockets:
You have a point, but at the same time you should also be thinking forward, imagine Kenya becomes enemies with a country like China or the U.S. if they decide to sanction you through restricting trade (like the US is doing to Russia) your economy could collapse because you were not thinking of how to be self sufficient, all you were thinking of is how to live easy.

Look at Russia, the sanctions aren't as effective cos they basically have their own industry in almost every sector. If let's say, Google decides to sanction them, they could easily switch over to yandex, it might not be as powerful of a search engine as Google, but it's something that could save the country from a collapse.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:39pm On Oct 23, 2022
Why would that be a problem?
Fourpockets:
Yes but at the same time immigrant population would start replacing the indigenous Japanese people, decades later you may not recognize current Japan
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:38pm On Oct 23, 2022
It's interest of industry owners and employers - versus - the interest of the 210 million nigerians.
Which one come first - Dangote or your own mother in the village buying dirty cheap cements for almost 10 dollars.
Does your mother care whether cement is from Dangote or where she can get more saving of her money?
As long China is not dumping - products to us - it's better for us to import - as we figure out how to compete.
We cannot protect the rights of industry owners at expense of consumers..
Infact industries should be protected for a specific period...so they can grow...and compete with others.

The mental block that Nigeria farmer or company cannot compete with Indian or Chinese need to go.
If it's cement - why can't Dangote not produce it cheaply - it limestone and electricity (which he can generate).

GeneralDae2:
Maybe good for Kenya but for a market like Nigeria there have to be some sort of control. Kenyan market is 4 times smaller than that of Nigeria.


Being competitive in East or Central Africa is nothing to brag about. Those are the poorest regions in Africa and Kenya is not even competitive there.


Can you also compete with them via exports to their country? Of course you can't, not in this decade at least. So why should this economic competition be in Kenya or Africa? You would definitely get beaten at home all in the name of competition if you don't protect your industries early enough except these Indians and Chinese are training Kenyan manufacturers (local content law) and establishing industries rather than just exporting to Kenya.


Except that Kenya is not making huge strides. Your biggest export is flower, second is tea. Both together were just a paltry 2.5 Billion dollars export in 2021.


Hogwash.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:48pm On Oct 23, 2022
If they relax immigration laws; they should be fine; but they are racist. When fertility rate fall below 2 percent - then you cant replace - and you only option is to allow immigration.

Meantime this list of hopeless countries in Africa still breeding like rats.

Fourpockets:
Falling birth rates aren't always a good thing, look at what is happening in Japan, few decades from now they could loose their place as a G7 nation if their labour shortage isn't addressed, even at that, foriegners could start taking up political positions in their country slowly replacing indigenous Japanese

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:41pm On Oct 23, 2022
There is nothing one can learn from Nigeria.
We are going the opposite way.
We are allowing duty free entry of goods from East Africa Goods, COMESA and AFCTA.
That basically means Kenya companies have to be competitive at very least regionally.
Let them close shops, find something we can be competitive in, and the consumer is the king.
The results is obvious - Kenya companies having been exposed to very thorough competition at home - have expanded.
They are regionally the kings - of industry - in about 10 countries.
The industries that are protected are very very few - for specific period - because we expect we can and should compete with China or India.
This why Kenya is making huge strides forward despite having no oil or large arable land.
In the meantime Nigeria is world poverty capital, infrastructure is completely broken, gov cannot get taxes, social investment is zero (out of school kids staggering), insecurity & kidnapping the order of the day.
This all because the economy is failing the majority
And working for a few Northern Elite like Dangote.
When it come to SMES - how are they going to be profitable - when access to credit is at 30% per annum at minimum, when cost of doing business is horrendous (they have to run a generator) & when economy is not free (they cannot go to Benin or Ghana or China to sources for cheapest stuff because they cant get dollars at same rate as Dangote or neither are they allowed).

The results of Nigeria messed up economics - despite OIL - POVERTY - and few DANGOTES

GeneralDae2:
So you'll rather allow India and China flood your market with their goods all in the name of international competition rather than allow your sme guys stay employed?
Those millions of sme's in Nigeria (45% of all informal sme's in Africa) are the backbone of the Nigerian economy. It is better most of them slowly transition into small scale local manufacturing or buying from local manufacturers for their small businesses (no matter how slow and painful the process may be).
Little India should borrow some economic sense from Buhari. Learn and stop yapping.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:11pm On Oct 23, 2022
And then you wonder why Nigeria is poverty HQ of the world.
Protecting all these inefficient local industries cost your economy a lot.
It creates few rich Dangote's who own such industries - and leave everyone pay expensively for stuff that are "dirty" cheap out there.
It protects them from international competition.
The biggest loser remains Nigeria consumer who is forced to buy all these 100 goods expansively despite them being of poor quality.
GeneralDae2:
Wow, this policy makes sense to me. If I were to be the president of a country like Nigeria (200 million people), I would even add more to the list.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:54pm On Oct 23, 2022
At what point do we stop protecting infant industry?
This Nigeria prohibition list is way too much - and has no exit clause.
https://www.trade.gov/country-commercial-guides/nigeria-prohibited-and-restricted-imports

GeneralDae2:
Exactly.
Well Dangote,BUA, and Lafrage have done well. Other businessmen/women in Nigeria can go into cement manufacturing and join the league of the top manufacturers if they want the prices down. This is better than importing something as vital to Nigeria as cement, when we have all it takes to manufacture them in large quantities and export to more African countries.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 2:52pm On Oct 23, 2022
Import substitution is a failed policy.
This was tried in Africa btw 1970-1990 - and it became a failure.
IMF introduced SAP to fix that failure.
South Asia went for export-oriented manufacturing mostly
And whenever they did import substitution - they were strict timelines when industry was expected to be competitive.
Mostly you need give local firms or farmers - something like 5yrs - if they cannot be globally competitive - allow imports.
Otherwise, you're punishing 200 million consumers - to save 5 million rice farmers and millers.
Protected infant industries - rarely work in an enviroment where corruption thrives - because those tarrifs/subsdies will remain forever.
Look at Nigeria cement - Dangote & Nigeria is now "globally" competitive so much Dangote has invested all over Africa - but cement tarrifs/restriction - still persist in Nigeria.How does that even make sense?
If Dangote can compete in South Africa or Ethiopia - why cant Nigeria allow almost duty free entry of cement - so Nigerians can get best deal
GeneralDae2:
The problem here is that you don't just become export oriented in one day. The easiest is to begin with the agricultural sector. Adopt the Buhari policy of banning imports of rice and stuff like that which can be produced locally.
Local prices would be high at first due to lesser competition but with time more people would be encouraged to farm and export.
A depreciating cedi to the dollar at the rate it is going is not good for the Ghanaian economy at the moment because it affects everything.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018:
IMF doesnt invite itself; you invite them; The country should try to as much as possible avoid IMF but when it's inevitable like Ghana now - you will have to welcome them - otherwise it will be like 1962 when Army kicked out Nkurumah and invited IMF - because the country will become another Zimbabwe - and dealing with hyperinflation is a mess. A huge mess I wouldnt want to wish on Ghana. It will take decades to come out of it.

In short - stop long theories - invite IMF - you need them more than ever. If IMF deal doesnt come soon - Ghana will go bankrupt, cedis will be worthless and ensuing mess.

After they are done with you - next time watch your macro-economics - dont go for debt binge again.

You dont refuse to go to hospital when youre sick - next time you work on preventative measures

TookDownYourMum:
I know their agenda quite well, theres a reason South Americans hate the IMF and why Ghanaians were not pleased when NPP did a U-Turn to getting back in bed with the IMF. Always strings attached for their loans be it social policy (LGBT who I have nothing against personally) or economic. Honestly, it gave me new insights why many African nations (as well as other developing countries around the world) go to China for loans.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 2:32pm On Oct 23, 2022
Orange of course dumped it after they incurred 700M (390M to purchase & another cash injection in loan to Telkom - later converted to Equity) plus loss of opportunity.

They dumped it to Helios for a loss of 100M dollars. Helios bought it at 600M.

Now Helios have dumped it at 50m...whoppping loss of 550M dollars.

I dont know what they teach you in Nigeria - basic accounting - when Telkom kenya sells an asset - the shareholders being Kenya Gov and Helios - dont get paid - unless Telkom declared profit that year - and they get paid as dividend.

Kenya gov would have cashed 30% of that 170M from American Towers - but we know it never cashed anything.

The reason Telkom Kenya has been bankrupt for a long time. Now it's been valued at 10B kshs smiley - and it surely will crawl out of its hole - now that it back to business.

In terms of licensing - 24M is annual 4G license - the initial license cost Telkom - 50m (the amount the idiots Helios paid)

https://www.itnewsafrica.com/2007/08/kenya-government-set-to-license-fourth-mobile-operator/
But Telkom Kenya will be required to pay a licence fee of $55 million (Sh3.9 billion) —similar to the amount paid by Safaricom and Celtel. Econet is being asked to pay $27 million .

obaaderemi:
If orange dumped it, that's more like giving it away. grin I wonder why it's hard for you to show us with the aid of a link what Helios paid for the company. Kenya was stupid to buy that company that has been sucked dry by the French and the Nigerians.

4g frequency in Kenya is just $24m. I don't know what you gain by lying constantly. Or Maybe you simply don't know what is going on in your own Shithole like you've proven many times. $24m is nothing close to the $170m Helios got by selling off the towers, not to talk of other assets, and the debt they pushed on to Ruto. He shouldn't have paid Helios a shilling for that scrap.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 2:20pm On Oct 23, 2022
Almost zero drop since 1950 it was 6.5 to now 5.5. Kenya has dropped from high of 8 to now close to 3.
obaaderemi:
You always talk like an slowpoke. If Nigeria had invested zero in family planning, then how come the fertility rate dropped? Nigeria is 5.5. How's that almost 7? Why not call it close to 5 and Kenya 4 since you are 3.5?

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 10:36am On Oct 23, 2022
obaaderemi:
There's no reason why people should not start having just one child per family.

Kenya is also having problems with population considering the fact that a large part of the country is semiarid. Nigeria's fertility rate is also dropping especially in the south.
Kenya north is not densely populated like Nigeria north...even if they lag behind in many indicators there are not even 5% of Kenya population.. consisting of a million Turkana, two million Somalis & oromo and a million samburu Maasai... maybe another million pokots & such.Those are the tribes lagging behind otherwise Kenya is benefiting from huge investment in population control and planning.Kenya has highest contraceptive use in Africa.We have reduced births from 8 in 1980s to now almost 3.Nigeria still at almost 7..zero investment in family planning, contraceptive and education.That is why Kenya is at cusp of leapfrogging to high growth industrialization while Nigeria is 50yrs from it
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018:
obaaderemi:
This guy is funny. Orange dumped that company after making their money I'm sure, how then do you think a company like Helios would pay $600m for a company orange bought for about half of that? Where's your source?
A company Orange left with a debt of $14m. You should be smarter than this, boy. The only reason your government is hiding the details of the initial Helios deal is because that company was sold cheaply. Helios probably bought it for less than the$50m Ruto paid them. The only reason Helios bought telkom Kenya was to sell off its valuable assets and scram. And immediately they did that, they dumped it back on Ruto, the idiot, leaving behind huge debts. And still got $50m for nothing. For a company with little assets left. That's why knowledgeable little Indians are asking Treasury to do an audit of the whole thing.

You don't mess with companies like Helios. They're in charge of people's money so they can neither afford to stay too long in an investment nor waste their clients money. By the time the deal is properly investigated you will cry blood and curse your politicians.
You can see what Helios did at Equity. Theye are your Masters. Take it or leave.
You're rambling.Orange dumped it to Helios.Helios after seven years of losses wanted to sell out.Gok knowing they were desperate took their pre emptive right and bought it for cheap.Do you know a license for say 4G frequencies is more than 50m Helios got.Now Kenya gov have it after selling it for 26 billion buying it back at 6 billion... profit of 200m dollars...for a bankrupt company that orange and Helios sustained.Ruto was not involved at all in this..it's Uhuru.Ruto will now turn it around and sell it for more than a billion dollars in four years max.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 11:10pm On Oct 22, 2022
Maasai Mara- the wilderbest migration the 8th wonder of world - Kazikazi with large serengeti with imposible infrastructure unless you charter a flight might wish to disagree

https://www.youtube.com/watch?v=mbqCXpmo15A&t=104s
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 11:03pm On Oct 22, 2022
These Canadian couple now going three years have been to almost everywhere in Kenya shooting epic videos of kenya resorts and related. Just watching their videos of their time in Kenya - all over the country - you'd appreciate why Kenya is one of most beautiful place on earth and how incredibly lucky we are as kenyans to have all these facilities.


https://www.youtube.com/watch?v=OAVMXl04R-U&t=972s

https://www.youtube.com/watch?v=gmFOH0uStzs


https://www.youtube.com/watch?v=6yDKbk5Ny4U
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:44pm On Oct 22, 2022
Very nice article explaining Kenya likely to leapfrog in a decade, followed by Rwanda, Uganda in two decades and Tanzania in 3 decades - Nigeria in about 5 decades from now.

Combination of literacy, democracy, savings, investment, etc

https://twitter.com/i/web/status/1583723363507195904

When will countries in east Africa see their economies take-off, sustainably and with rapid GDP growth for decades?

Kenya 1st
Rwanda 2nd
Uganda 3rd,
Tanzania 4th,
Burundi last.
Unless government policies change
Ethiopia a harder call

One of best threads I’ve done

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:35pm On Oct 22, 2022
Kenyans proudly wear the flag because we are very proud of our country. Your Zoo should fix basic like electricity first.
samorobo:
Of course,when you go about with your bowl begging for common food you don’t expect that to be putting africa in good light. You are a disgrace and you are proving the world right about the continent. Nuke your stupid zoo or fix it. Enough with the embarrassment.

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:08pm On Oct 22, 2022
The Zoo talking about image smiley The flooding in Nigeria is annual ritual
https://onisdin.info/en/hydrology/flood-dynamics
samorobo:
Lol you are a stupid guy ,your govt has done absolutely nothing to ease the situation abd that’s why the number of drought infested hungry people has grown to 18m(almost half your population). Focus on irrigation and building dams then I will take you seriously else you are just beating around the bush and matching with your begging bowl to wfp - stop disgracing africa and deal with your internal mess. You are ruining our image.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:05pm On Oct 22, 2022
We sold a sick cow - they have gone ahead and treated it - and sold it back for nothing - so we can sell it again. kenya gov should now sell Safaricom shareholding - and focus on fixing Telkom kenya.

The whole digital economy that kenya gov want to do - Telkom can lead that - it need to be capitalized a little - and then allowed to work with KPLC to lay fiber alongside all the electricity lines - and they will be swimming in power.

There is scope for proper telcom company dealing with backbone infrastructure - mostly fiber broadband.

Ruto promised to lay 100,000 kilometres of internet fibre all over the country over five years.

Shma2022:
Insane move!!! It's like selling a dying cow at an extremely huge price. 7 folds of profit is something else. That's a mega jackpot win. Either way, there will be no point of break even. We just need to make it a profit-accruing investment; better than before... For the greater good.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:32pm On Oct 22, 2022
Yes that is part he doesnt understand. Kenya gov sold it for 380M for 40% stake. Orange group pumped another 300M cashflow - Kenya gov refused and Orange took their shareholding to 70%.

So we sold it for 680M dollars - and have bought it back for 50M dollars.

And Helios & Orange have cleaned it up - it's probably operationally profitable.

Soon kenya Treasury will sell it for another 750M dollars.

They left minus their shirts.
https://www.ecofinagency.com/telecom/0410-43920-kenya-acquires-sole-ownership-in-telkom

According to a source quoted by Business Daily Africa, the government exercised its pre-emptive rights after Helios informed it of its intention to leave Telkom. "We bought the shares because the government was afraid Helios was going to sell to an investor that did not share the same vision with us in the turnaround of Telkom Kenya," the source said.

Shma2022:
We can juxtapose the epitome of Equity's genius move with helios's dumb move.

Kenya has just fully acquired Telkom at its peak; With a mere $50m. It's funny how we sold it @ $380Million when it was oozing loss after loss.
https://www.businessdailyafrica.com/bd/corporate/companies/state-fully-acquires-telkom-kenya-sh6-09-billion-deal-3971980
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:23pm On Oct 22, 2022
Demonstrate they're more than East Africa combined.
obaaderemi:
Many of the companies in your link are in ogun state.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:18pm On Oct 22, 2022
Helios had hit a jackpot with Equity - and exited prematurely - now Equity is racing to become Sub Saharan Africa biggest bank outside south africa

Boneheaded...

This takes Helios’ earnings from the bank to a total of Sh44.1 billion, quadrupling the Sh11 billion it paid in December 2007 to acquire the 24.99 per stake.

The London-based PE firm also collected dividends totalling Sh6.5 billion from Equity, taking its total return on investment to 360.9 per cent or 24.3 per cent compounded annually.

This makes it one of the highest returns earned by a PE firm in Kenya , underlining the lucrative earnings by such funds, which typically have a seven-year investment horizon.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:07pm On Oct 22, 2022
You cant even do the barest minimum of research.
Helios - UK fund - not even Nigeria made boneheaded investment.
Kenya has more PE/Venture funds than Nigeria.

I have no problem with Helios - I just have a problem with their bone-headed decision to invest in Telkom.

Their investment in Equity was genius. In 2007 they invested ($120.2 million) for 25% stake.
In 2015 - they sold it for four times the amount - 500M - about 250M dollars for 12.5% stake to Norfund.
The Norwegian still hold that 12.5% of Equity Group - brilliant japs.

Now the Nigerian-Britons - made boneheaded decision - took 600M dollars - gave it to Orange group for 70 percent of bankrupt company whose liabilities far exceed it's asset.

Now they have sold to Kenya gov for 50m dollars - that is height of stupidity and desperation.

obaaderemi:
There's no search results that says what helios paid for that scrap. The only results I got showed Helios raked him billions of shillings from asset stripping your company and still getting paid for it by the stupid Ruto guy. He's probably part of the scam. grin

And you need to stop crying about the Equity deal. The Nigerians divested after making their money. They smiled out of your shithole.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 2:52pm On Oct 22, 2022
Focus on manufacturing - not eggs or limestone or cassava or a yet to be built agor-cargo airport. You think you'll just build and fly cargo - by the time you get through the export certification in most countries - it will be year 2030.

Show me how Ogun manufacturing is large.

Start from here - MAN - Nigeria's Manufacturers assocation.

https://www.manufacturersnigeria.org/MembersDirectory

68816419:
Ok.
About Ogun state
1. The state is the world's top producer of cassava.
2. West Africa's top producer of eggs
3. the state has the greatest limestone quantity in Nigeria.
4. The city in Africa with the most industrial estates
5. The largest agro-cargo airport in Africa is now being built at an incredible rate, making it the continent's quickest airport builder.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 2:32pm On Oct 22, 2022
Nonsense from Nigeria as always
68816419:
Ogun state (south-West Nigeria) , which has more industrial estates than all of East Africa combined, is in fact one of the fastest-growing states in Africa.

https://www.youtube.com/watch?v=sk5yicjsiQ8
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 1:21pm On Oct 22, 2022
Kenya electric motorbikes and bus conversion gather momentum

https://www.youtube.com/watch?v=TynLsHHRAx0
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 1:16pm On Oct 22, 2022
The Zoo purporting to advise kenya on anything is crazy.
Start here -https://www.hsnp.or.ke/
samorobo:
Idiot,this is the first time Nigerian govt will be experiencing a flood of this scale after 2008,so why would they budget for it.
Your govt only budget on plastic bowl to go beg for food from wfp and UN every single year. They have done absolutely nothing to ease they. 18m living humans are rotting away to hunger and your govt haven’t even lost a sleep for one night and here you are trying to lecture us. You just be out of your insane rotten mind.

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 12:55pm On Oct 22, 2022
Ghana is in bad place.Hyperinflation has kicked in; Only IMF stepping in with their loan as soon as possible will save them; by xmas we are looking at 30 cedis to a dollar; a collapsed formal economy;
Shma2022:
This is terrible.

Cedi has depreciated by a whopping 119%. Damn!
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 11:19am On Oct 22, 2022
Kazikazi:
Mostly we import from China.just look a guy who ordered and received more than 200 buses from China to Tz.These were imported by just one company at a go. Imagine what Chinese would have said if they had that kenyan brain of shouting?
You have a long way to start shouting.


https://www.youtube.com/watch?v=yZz_kZVB1jo
I thought you were industrialized .. continue selling beans, maize and cashew nuts
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 11:15am On Oct 22, 2022
GeneralDae2:
So how do you know Nigerian Government is not assisting?
By watching news..that how I knew it was flooding and apart from Nigeria red cross the a 1.5 million victim are on their own.Kenya gov run an hunger safety net with school feeding program on annual basis of 200m dollars and for this drought it's sought funding now approaching half a billion dollars.Nigeria has zero budget for flooding or for post flooding repairs.The drought victim kills farmers and flood victim pull themselves by their bootstrap

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