₦airaland Forum

Support a private personal business? How about finish the Ajekuota steel mill instead. All private business - Dangote, local and foreign - should play same rules.

You're mumu. Improve business enviroment for every nigeria - small, medium or large businnes - or you're creating a oligarchy - mega graft of transferring public property to private.

GeneralDae:
The problem with you and your likes is that you want to be more capitalist than the white man.

Its stupidity not to support big businesses struggling with FX by subsidising FX for them especially the Dangote refinery which is 19 Billion dollars. That project would likely have packed up long ago given the difficult climate but for the subsidized forex.

Always open your mind and use your brain when analysing issues like this.

Agreed- Tinubu should devalue NAIRA until black market disappears. Just float Naira freely and remove all forex controls. It will find it base eventually. Anything else is postphoning problems.
Disagree strongly on the nonsense of favouring Dangote - it beyond stupid - it immoral and it make you look like a mo.oron.
All Nigerians should buy dollars at almost same rate.
Dangote is not Nigeria state or federal gov to transfer benefits to you.
Mumu

GeneralDae:
Speaking about FX, my problem with Tinubu is that he and the central bank only focussed on unifying the many windows at the official rate into one and they seem to have ignored the black market.

Black market must be unified with the official rate, that's what I want. But it seems that is harder because of the structural challenges that have long been there and most especially the illiquidity of FX compared to demand.

In the past, under Buhari and Emiefele, in addition to the black market, we used to have about three different rates at the official window as well which made the whole FX market so confusing. Tinubu and the CBN have now succeeded in collapsing all windows at the official market into one rate but they are still struggling to tame the black market.

The likes of Dangote and about 85 other firms benefited from some of these different special official rates that was subsidized for them, which is not really a bad idea in my opinion but just had to be done with due process.

This was last year - this year - it gone up 20% plus

This saw the total number of transactions for the period under review rise to 21.03 billion worth Sh35.86 trillion, almost three times Kenya's Gross Domestic Product.
https://www.the-star.co.ke/business/kenya/2023-07-10-m-pesa-transacted-sh36-trillion-three-times-kenyas-gdp-report/

M-PESA Usage
During the year under review, we continued to invest in, and drive the innovation of, new products, as we increased our service offering to customers, with 21 billion transactions, valued at KShs 35.9 trillion, channeled through the M-PESA platform.

Velocity in the ecosystem continued to grow with total value and volume of M-PESA transactions growing 21.4% and 33.5% YoY respectively.
Chargeable transactions per one-month active customer grew by16.2% YoY in FY23 to 23.54 transactions up from 20.25 transactions in last year

vaxx:
Evidence pls

Like Ghana..keep praying

vaxx:
At current, if kenya was a company, it will have declared bankruptcy.

MPESA Africa is owned by Safaricom and Vodacom - they managed about 45 trillion KES in 2022. Their reporting and company operations are seperate from Safaricom.

Safaricom which 33-35 trillion KES was from Kenya in 2022.

Ghana can only dream about the scale of MPESA in KENYA. It now does 22-25B transactions annually. Visa does 4 times more.

Just40:
watch him mention the value of transaction of mpesa from all the countries it operate in instead of that of Kenya.

Tinubu continue to impress me. He should go hard of tiny mostly northern elite like dangotes who have captured Abuja to destroy the economy for their own benefit..from rigging forex to stupid import ban list to using taxes to build own roads

Mad cow Kenya mpesa did 350b dollars last year

Just40:
I did not bother to check that of mpesa because I really didn't care.
Last year, mpesa did less transaction to Ghana's mobile money. So ain't no need to compare

3.7 trillion is expenditure budget - doesnt include principal repyaments. Kenya total budget is 4.5 trillion.

The National Treasury has tabled a Ksh. 4.5 trillion budget before parliament, a Ksh. 1 trillion shilling jump from the last financial year which was Ksh. 3.324 trillion.8 Jun 2023

Kazikazi:
So is your annual budget 26b equal to the total of TZ, uganda, and the rest if eac?
Sometimes u need to know lies won't feed Kenyans. Years and years if lying what have it benefited your country?

Do u know,even us in TZ we can simply rebase and rebase and artificially overvaluing our currency even by more than 200% so our GDP figures could be very big. But at the end of a day how will that benefit us the citizen except getting a stupid pride?

Nonsense from a small little west african bankrupt backwater - with gold - but look like chicken coop. Accra look like a cattle kraal - so much you president vision 2050 is Nairobi of the 1970s.

Kenya is not Nigeria without electricity or piped water. Try those jokes on Nigeria.

Reminder - You're officially bankrupt or under receivership until 2037.

Soon even Zoo Nigeria will overtake you with Tinubu reforms.

vaxx:
only an idiot who went thru bankrupt kenya educational system will speak up this way. It is all over in the headline in your country when kofi annan hotel room was planted when he came for the peace talk and that those not discouraged him for going ahead . At least any wannabe india -kenya will be familiar with Ghanaian history through an individual called kofi Annan who was never intimatdated by the room bugged. No exposed and well read Kenya aren't familiar with the news except an idiot like you .

At least there is time line between south africa and Ghana when it comes to gold discovery and excavation. Anyway , it is a success , Ghana has it better than Kenya. Look at turkaana and cry .


[Even till now Tamali ( the northern part of Ghana will be light ahead of nairobi . Your adminstrative capital this is the savannah area vs the richest part of your country. When well begin to measure what matter to life . Electricity and water.


Show me where the next pipe of drinkable water is available in nairobi

Why dont you read or listen to Russian media. I bet the headline and every story is just about how great Putin is. A primitive dictatorship cannot inspire anyone.

The western media are free, independent, and can publish anything.

Russia - and free media - are alien.

EKONGKING:
BBC news have pushed Wagner and so called civil war to back pages,

When will slaves understand.

Try some of country slowpoke.
Kenya was a British direct colony.
We were like Zimbabwe or South Africa.
We had thousands of whites and indians who run our civil services, private sector and etc.
We decided not to chase them - but slowly replace them whenever a qualified Kenyan showed up.
Some took time. Heck our chief justices for example was mostly Non-Africa until 1990 when that Ghanian showed up after Rawling killed them.

KENYA'S CHIEF JUSTICES SINCE INDEPENDENCE
1. Sir John Ainley - 1964 - 68 - British
2. Kitili Mwendwa - 1968 - 71 - Kenyan
3. Sir James Wicks - 1971 - 82 - British
4. Sir Alfred Simpson - 1982 - 85 - British
5. Chunilal Madan - 1985 - 86 - Kenya-Indian
6. Cecil Miller - 1986 - 89 - Caribeean - British Guyana.
7. Allan Hancox - 1989 - 93 - British
8. Fred Apoloo - 1993 - 94 - Ghanian
9 - Kenyans till now.


Many other African countries hastly chased away British and French civil services - and replaced them with ill-trained Africans.

Majority of them went bankrupt and soon military coups - Ghana had a growth rate of 1-2% for most of 60s,70s, 80s and 90s. They just woke up yesterday.

Kenya in meantime was posting growth rate similar to Asian tigers - only undone by population growth.

Just40:
You're talking as if when you became independent, almost 90% of the doctors, nurses, lawyers, judges, teachers, engineers and etc did not come from Ghana because Kenyans weren't educated at the time.

Basically, Ghanaians were running all of Kenya and Ghana was the one paying their wages until trained doctors, nurses and engineers returned from Russia.

Should I refresh your mind back to the previous forum when you were thanking Ghana for sending Kenya nurses, doctors and teachers when Kenya got independence and didn't have the man power to run a state?

We use our brains correctly. We dont just support nonsense.

EKONGKING:
We need to excuse our Kenyans
The United nation headquarter for Africa is Nairobi .
That are bread and butter for these people for there daily lives .

majority of Kenyan posters here are affiliated to U.N . That's there only Job .

No wonder kenyan posters are Anti Russia .

Give me one example of Ghanian doctor or engineer in Kenya.

In 1980s with Jerry Rawling killing judges - 2 or 3 came to kenya seeking political asylum. They were hired as kenya law is commonwealth law.

And that is all.

Just40:
Keep dreaming as if Ghana wasn't there to set up your country institutions .

The Ghanaians put at the helm of affairs of your country recruited many Engineers and Doctors whom they sent to Russia for education as the Russians were the only ones willing to educated Kenyans in the science field in the numbers that you guys required.

The US and UK were unwilling as they were still struggling with allowing black people into certain programs in the first place.

Ghana and Kenya different histories.
Almost all Kenya students who returned from Russia and East German with their degrees were rejected.
Their degrees were unrecognized.

Just40:
You're just stupid

Most of Kenya first doctors, engineers and nurses were trained in Russia because no western country was willing to teach you guys science and maths.

Your students who were placed in ivy league schools went to do Arts and music.. That's how stupid the US considered you

You talk rubbish.
You were communist backwater being trained on nonsense in Russia and East German.

Kenya were being taken direct to IVY league - 800 kenyans from 1958 - thanks to Kennedy, Tom Mboya and Martin Luther king.

Prof Wangari Maathia - First Women Africa Nobel Peace Laurate - was part of Kennedy Airlift Program
She studied science in the US

As a beneficiary of the Kennedy Airlift, she studied in the United States, earning a Bachelor's Degree from Mount St. Scholastica and a Master's Degree from the University of Pittsburgh. She went on to become the first woman in East and Central Africa to become a Doctor of Philosophy, receiving her Ph.D. from the University of Nairobi in Kenya.

Dr. Ng'endo Mwangi (First Kenyan female physician. First black African student at Smith College in Massachusetts and the Albert Einstein College of Medicine in New York)

Just40:
yeah .. it's your typical slave mentality at play

Meanwhile USA and Germany were busy looking for Russians to employ because they are considered top class.

Lunatic.. they were sent there to do arts
It was almost ban to teach you science and maths

You're delusional. You may also need a shrink.

Stoplying:
When the price of living in France is too much or when I get a better job offer in Russia.
I'm a French citizen though, and my opinion matters, I will fight withing the confines of the law to make sure France sides with Russia and not the USA.

Mad cow you're making lots of nonsensical rants. Sleep.

Just40:
If you live in France, you'll know that all of France nuclear fuel comes from Russia.

So Germany smart solution was to switch off industrial production and now China has overtaken them in car manufacturing and export.

Europe cannot replace Russian energy and raw material, they'll destroy themselves and Russia will keep growing strong

When are you moving from France to Russia.

Stoplying:
I support Russia's fight for existence.
Because I recognize in it the fight of my ancestors against the same west.
You are the slave for you consider Russia your ennemy even though Russia did nothing to you.
Being the enemy of the west is enough to be your ennemy, but the west won't do you that sale favour.

Anyone trained in Russian or East German who came back to Kenya was almost considered untrained and many didnt practise.

Any mad cow - before independence - we send thousands of kenya and east africa to IVY league - under the JF Kennedy Airlift Program

That is how Obama father ended in Harvard in 1960s and got Obama Jnr.

Kenya in 50s and 60s went to US in large numbers - Russia tried to compete - but IVY league trained kenyans laughed off the Russian and East German graduate - as untrained.

Just40:
Russia was the only country offering your country scholarships in the science and engineering fields and offering you the technology you required to run your country. The western world was only interested in giving you arts scholarships.

What % of power was from Russia and how comes everything in Europe is breezing. Nobody froze in Winter. Not even in Ukraine where Russia was sabotaging power plants and bombing infra.

Nigeria Wagner slaves - nobody sane will support Russia.

You can oppose western imperialisms without supporting Russia stone age impereliasm.

It like moving from frying pan to fire - sending away French troops for Wagner .

At least French will pretend to fight terrorism - Wagner just head to the minerals and fly them out.

Stoplying:
Where did I talk about power black out.
Point is we don't rely on nuclear energy at 100%
You started by calling me slowpoke, but you are now showing signs of not being very smart

Well, I havent had a power blackout. Sorry in that part of France. How is this connected to Russia war

Stoplying:
No, I can't recall the technical terms used, but some of our nuclear power plants are not producing sufficient energy.

Obama has been out power for almost a decade.
He didnt help kenya when he was president
George W Bush Jnr did.

Kenya doesnt follow stupidity of Nigeria of hating whites - instead of hating your own criminality, stupidity and laziness.

EKONGKING:
They Think Obama will save their miserable ass.

Kenyans needs to reduce their stupidty level .

Very fine - What happened - did Russia cut the supply of Uranium

Stoplying:
So you are unaware that our nuclear energy is not working very fine these days.
Was there a need to call me slowpoke?

If you slowpoke lived in France - you would know France depend on Nuclear Energy.
Germany dismantled their nuclear - and are they one who suffered the most when Russia energy was cut.
But Germans like many Western Europeans are very smart people
Smart people figure out solutions very easily.
That fruit of investing in education and giving people freedoms.

Dictatorship like Russia is now still waiting for Putin to tell them what to do.

Stoplying:
France, which you hold in high esteem, is nothing without cheap Russian energy.
Russian energy is the backbone of EU industry.
When the lack of cheap Russian energy hits the EU hard enough, you will start reexamining your western progressiveness.
By the way, I also live in France.

How did Russia help Kenya.
Russia and Castro helped some few countries like Angola, Algeria, Mozambique fight colonailism

US did even BETTER.
US helped Kenya, Ghana and name them by demanding the Britain and France end colonoliasm as part of the Marshall Plan.

US ended colonialism in many places in Africa and Asia than Russia did. Almost all colonialism ended because of US.

Russia was mostly a failure and is now shamelessly deploying Wagner to Africa to steal minerals.

Just40:
again, reading and comprehension problem.

Did anyone mention foothold...?
The Russians want nothing to do with Africa because, there's nothing that Africa has that they don't have.
Plus Africans countries like Kenya are too stupid to know what's good for them.

When the Russians help your forefathers out, they ended up selling out to the Americans.

We know where we belong.
We belong in anything progressive.
Unfortunately there is hardly anything progressive from Russia.
All we hear are dreams of Russian empire of I dont know Peters or Catherine.

Ruto has risen to become Africa sane voice. He was in France this week engaging WB, IMF and France president in serious debate.

Tinubu will end up embarrassing Nigeria as he is too old.

EKONGKING:
You people are so confused that u dont know where u belong .

President Tinubu is invited to G20 nation summit in India , Where is Kenyan president ,sleeping always .

In 2 months , we will get to know where Kenya stands and where Nigeria stands ,
big boys will deal with big boys ,

Restrict yourself to Mali, Burnkinafaso and other Wagner territories. Russia has never really gotten a foothold in Kenya. Heck in all my knowledge - the best Russia did in kenya - was to build hospital in Kisumu in 1960s - and they sold Kenya police some 20 helicopters - and that is it. Russia is totally absent in kenya and has been. We dont buy their weapons. They are completely strangers in Nairobi. Chinese at least have come big the last 20yrs.

Just40:
Today Russia and china are evil?

The same Russians who supported your country with technology and arms when no western nation will touch it with a 10 feet pole because the Brits were castrating you guys.

Bankrupt Kenya 24 IMF bailouts from western societies that keep sinking your country into bankruptcy, how did that help you.

Russians don't support stupidity hence once Africa burn them, they've forever viewed your black ass as stupid and not ready to develop.

They would love nothing but turn white. You have seen hating black skin. Yet they will claim to love Africa. Love yourself first.

gallivant:
Stop bleaching your skins in Nigeria it won't turn you into Europeans

Would you rather we adopt Voodoo from West Africa?

What would a white man gain from spreading LGBT?

What would US or UK or France gain if a few Nigerians men love fellow men and engaged in anal sex?

LGBT are universal human rights - and Western world are only interested that their LGBT citizens are able to travel safely.

EKONGKING:
Let it continue in Kenya to please ur White Master .

Decide. Are we China colony? India? Or Western? Kenya has been blessed with progressive leadership and people who dont get entangle in little wars.

EKONGKING:
You have the biggest slum after Indians in your capital and will say nonsense .

western ass lickers .

You live in your own world. The insane world. How does someone even respond to such nonsense.

Just40:
Bunch of hot air tantrums

Which western achievement? You mean people from all over the world who migrate to the western world to launch products?

Yet the entire world is busy running after Russian engineers... The Russians run the world in every field of engineering you can think of😂🤣

Western society is in decay and can't produce the kind of quality that Russia produces year in year out because they are busy thinking about which gender they are.

Look at the team that made MIT win last year competition and they are all Chinese 🤣😂

They tried communism - after independence - by 1962 - they were bankrupt - and IMF was welcomed by Ghana Army - after disposing the communist Kwame.

Western nations maybe be evil but smart - but Russia or China or name - are evil & stupid.

gallivant:
I wonder what part Russia played on their 17 economic bailouts and counting.