₦airaland Forum

Ruto cabinet has yet to be approved yet he has already achieved so much with old cabinet.
This celebration was obviously not well organized as Matiangi and Kibicho are most of the time depressed & scared together with Azimio folks.
They will soon be going to jail.
Remember Ruto will do 10yrs.
Then another Kenya Kwanza does 10yrs.
Prepare for the long term.

MzeeMwenyewe1:
Today Mashujaa Day celebrations were marked by very low turnout.

The number of empty seats were more than the people who attended.

Infact if school children boycotted the event,the son from kamagut would be adressing less than 1000 people and birds from popular carnivore restaurant.

But why did kenyans boycott Mashujaa Day celebrations?

Because Ruto seems to be changing goal posts on everything he had promised hustlers .

Like he is appointing billionares in his cabinet(dynasties) instead of mama mbogas and mkokoteni pushers as he had promised.

Secondly ,he is yet to reduce the cost of living.He is only speaking too much without mentioning the prices of FUEL and UNGA.

Thirdly,he has issued new conditions on who will benefit from Sh 50 billion hustlers fund i.e you must save to receive the funds.That is NOT what he told hustlers during campaigns.

Yes this a BRT - Nigeria Lagos is NOT.

Kazikazi:
You can try to bury your head on a sand,but the truth is Dar BRT have won some global transportation awards,even your fellow Kenyans are admiring our BRT


https://www.youtube.com/watch?v=2VLc9sqJ6VM&t=39s

And the most stupid because USD exchange rate is beyond Ghana gov It cant control it; They are not the US Fed Reserve Bank

Just40:
The most powerful pressure group in all of Ghana political history

Treasury made it's money long time ago.
Telkom started Safaricom...gov spinned off Safaricom and left Telkom with more liabilities than assets.
Now French got duped...they not only invested 390M to buy a dead thing...they didnt make a single profit....and they re-invested alot of money.
Gov refused to invest....therefore Orange shareholding grew to 70% from 50%.
Then stupid Nigerians came....they bought it for 500-600M...now have sold it for 50m under the cloud of secrecy - perhaps they bribed.
Remember to keep Telkom as going concern require lots of money.
Assest solds are re-invested to pay debts and salaries..NOBODY cash out from a dead thing. It just not possible.
The shareholders are last people to cash out.
Helios never cashed out anything except this 50m cheque... I hope they got the cheque because Ruto could as well refuse to pay
From 600m to 50m in about 10yrs
The worst investment decision ever.

obaaderemi:
You are quite obtuse. The French and the Nigerians only came to cheat Kenya. Read the bolded. Kenya's taxpayers money was used to run that company and you people according to your own source are the biggest losers. And the last part says the company lost valuable assets.
Concerning Equity deal, the Nigerians divested because they've made their returns in multiple folds, so it was time to cashout and spread their money. It matters little to them that equity is now bigger. There's a plan for everything. When you need your money you sell your shares to raise money.

I didnt see a BRT there. I have watched Dar one - and that is BRT. Lagos is like Thika road with service lanes for matatus. Your BRT is an epic failure. I doubt someone using it makes a time savings.

This is way faster than failed BRT of lagos.

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

68816419:
Oga, you are blind

Lagos BRT is epic failure. It actually doesnt exist. It akin to the mad ghanian calling buses BRT - these are just normal buses - no lane dedicated for them. They get stuck with other cars.

https://www.youtube.com/watch?v=ESzK1_KtZi0

BRT is suppose to be fast; if it slow and drives as slowly as normal lagos traffic; it has failed.

samorobo:
How has Nigeria brt failed.
Explain I want to laugh.

Dafno is not comparable to kenya matatus.
Dafno ramshackle should not be driven - but sold as scrap metal.
kenya matatus with entertainment, wifi, name it - driving fast against traffic - are very competitive & efficient against BRT.

samorobo:
You sound like you are making excuses for your failures.
No sane country will allow the crazy matatu run around hawking death and chaos. You matatu is just like or danfo,very uncivilized and chaotic,not to mention disorganized.

Your zoo is a failure so I am not surprised.

I think if structured correctly - BRT should allow Matatus to run on it - it should just be priority lane for matatus - as long as they follow the rules- and are road worthy.
If structured like Nigeria or Dar - it will fail - as gov buses will go into disrepair and mismanagement.
Gov should just finished the road - and hand it over to public transporters - and they should have rules.
The matatus can pay a small fee to use this priority lane.
Old boring buses can also exist - the customers picks.

Wuoche:
Matatu is more comfortable than BRT.
Matatu everyone will get a seat except a conductor.
In Matatu there's no sharing of seats like in your Okada.
Youths like the liveliness of Matatu. BRT is dull.

You're comparing cost or project time? There has been small lull as new gov is formed. I believe kenya BRT will be 10 times better than Lagos and Dar because it's GOLD standard - it's on the median of the route....not on the outer lane - which interfere with exit and entry..leading to traffic jams. That is why Lagos has failed.

68816419:
to this
1-2: Lagos BRT systems ( the only systems currently been integrated with a light rail systems and ferry transports )
and
3-4: Dar BRT systems

You're comparing to what?

68816419:
Indeed Kenyans are Crim***ls : how can a 12 kilometer BRT project whose initially costs was to be 5.6 billion Shillings ($46.40 million) and now additional billion Shillings is needed for it to be "completed " by 2024?
Dar BRT phase11

https://www.youtube.com/watch?v=Kd_9vTk9sdk

Helios should take the prize for stupidity.
As they were bribing kenya exiting gov to buy them for 60m dollars.
Equity bank made 400M dollar PAT last year.
This year - it's 250M PAT for half year - likely to close at 600M dollars net profit end of year
If Helios were still there that would be 100-150M dollars dividend cheque - in 10yrs - that is a billion dollars in dividend alone.
I am sure the Equity valuation now is many x times bigger/

https://www.capitalfm.co.ke/business/2022/03/equity-groups-2021-full-year-net-profit-doubles-to-sh40-1bn/

Look like they actually paid the French some serious money - There is always a bigger fool - paid 600M dollars (exchange rate of that time) - and now they taken 50M dollars .

They sold Equity for 52B kshs - and put the same on Telkom Kenya.

https://www.standardmedia.co.ke/business/financial-standard/article/2000182779/what-the-exit-of-orange-yumobile-tells-us-about-kenyas-telecoms-scene
The value of the deal remains a closely guarded secret for now. “Unfortunately, they are not commenting on the transaction at this stage,” said Helios’ PR handlers FTI Consulting. However, sources estimate the deal to be worth about Sh50 billion. The figure is Sh24 billion more than what the Frenchmen paid ($390 million or Sh26 billion) in 2007 to acquire 51 per cent of Telkom Kenya. In the sale, the source told Business Beat that as part of the deal, the new owners are expected to take up Telkom Kenya’s debts accumulated over the years.

Although the actual amount pocketed by Orange is unknown for now, close industry observers believe the deal brokered by the French company amounted to a hefty profit that could cover losses it incurred over the eight years since it started operations. However, Treasury is the biggest loser in the deal having seen its stake diluted from 49 per cent to 30 per cent, even though it has over time injected billions of shillings to keep the operator afloat. Also, Telkom Kenya has lost key assets.

A seasoned investor would never sell Equity Bank - that bank assets have risen from 2-3B when Helios owned whopping 25% of it - now it's approaching 12B dollars - and is growing very fast. As for Telkom - it has never made any profit - Helios and Gov have had to invest more of their money once in a while sell whatever they could - most of Telkom assets are locked in legal battles with staff members. It remain with huge debts.

Kenya gov has made a huge profit after lying to stupid French and Nigerians.

Remember in 2007 - they sold it 6B (what helios was paid) premium over what IFC had recommended as sale prize.
Notably, France Telecom had paid Sh6 billion premium above what the government’s transaction adviser, the International Finance Corporation (IFC), had quoted as the market valuation of the state corporation.

obaaderemi:
And you don't imagine Helios would not have made enough findings when Orange was dumping the company? These are seasoned investors who understands the African market. That's why they are hiding the details of that deal. Helios got it cheaply. And stripped the company of valuable assets, got some sweetness from your foolish Uhuru Kenyatta and then sold the scrap back to Ruto. The Nigerians are sitting pretty, like your fellow little Indians put it.

Ghana traders closes shop for 3 days as Cedis near 13 to a dollar - the next SriLanka/Lebanon.

https://www.youtube.com/watch?v=ui_Fi1TnY1A

https://www.youtube.com/watch?v=TeZX-URuMQo

KaziKazi here is Mt kenya - not our other mountain (that we donated)

If Orange bought it for 400M plus - you dont imagine they sold it for free . This was horrible investment decision, and they must be happy to finally exit - under the cloud of transition. I bet they bribed their way to get out.

obaaderemi:
You see, nowhere in your article does it say how much Helios paid for the company. The kenyan government handed the shareholders loan fund to Helios and took some liabilities off helios' hands. Smart move. Then Helios bit by that started pushing the government to take shares of the company off its hand, while Helios was selling off the companies assets. At the end of the day Helios still got free $60m for its troubles. Helios smiled to the bank.

Only a damn fool who'd buy Telkom Kenya.
The first fools were Orange - they bought it in 2007 for $390 million
Kenya Treasury smiled all the way to the bank knowing the thing was dead - it had more liabilities in pension & court case than assets.
They later realized it was dead - and caused a lot of havoc - including involving the French gov in diplomatic row.
Kenya gov gave them more sweeteners - took off 30B liabilities - told them to add a little more and own 70% of it.
After that Orange - started looking for a bigger fool.
Here comes Helios - I think they paid 250M minimum - but the French might have sold them for even 400-500M
Now they have been crying since 2015 nonstop.
They tried to sell it to Airtel - kenya gov told them - well it critical infrastructure - with key connections to state institutions.
So in heat of last election - they probably bribed the Treasury - got 50M dollars - for 70% and run crying.
I am sure they are still crying even now.

https://www.standardmedia.co.ke/news/article/2000182198/orange-sells-telkom-kenya-to-private-uk-investment-firm?pageNo=1
Orange bought a controlling 51-per cent stake in the company in 2007 for $390 million. The decision by France Telkom to sell off its stake comes following months of frustration at the Government’s inability to clear the path for the restructuring of one of Kenya’s oldest institutions.

In 2012, the State wrote off a Sh30 billion debt in a debt-equity swap that saw France Telkom increase its shareholding by another 20 per cent in efforts that were supposed to mark the beginning of Telkom’s turn-around.

obaaderemi:
Can you provide a link that shows Helios paid $250m for Telkom Kenya?
Did you know Helios already sold off the major real estate of the company before handing a dummy back to Kenyans? They swindled the kenyan taxpayer.

And yes, I know how the fund works. Point I'm driving home is that it's led by two Nigerian guys.

Yes that one. Thank. Kenya has competitive advantage in battery industry - already exporting to even Egypt - and we already build buses bodies thanks to Matatu industry - and now we just need to import electric motors. So this industry we can easily corner.

Electric car industry is easy to enter - it doesnt have all the complications that a normal car has - just electric motor - gearbox and battery

Wuoche:
Yeah, BasiGo is already operating.

I hope new gov can offer incentive for this and scale it up.
I think there is another that already in business - they own the batteries - as that is main fear.
We can lead Africa in this - if gov seriously invest in this.

Wuoche:
Kenya is moving away from fossil fuel.

Investing in Equity was smart - Investing whopping 250M in Telkom was dumb - and they have cried for years - I suspect they bribed Uhuru in the last days of his regime to buy them out - 60B - that is 200M dollars down - without even factoring the opportunity cost.

Again understand how such funds work - the money doesnt belong to Nigeria or Nigerians - this investment fund - they need to make money for their investors in London. Their play is Africa - but when they start burning money like in Telkom Kenya - then you know they will not only close shop - but will malign africa as investment destination for other such funds.

obaaderemi:
Then you don't know anything about investments. Helios made money from the Equity deal and cashed out to spread its funds more across Africa. There's nothing Nigerians can learn from little Indians in terms of investment skills. By the time Helios left Equity, they had made their money back in multiple folds and it was time to move on to other things like Telkom Kenya where they made a killing again. You must wonder why Nigerians are buying up and selling Kenyan firms. The Nigerians see Kenya as low hanging fruit. Read this:



That second bolded, how did the Nigerians achieve that? Wow, you have a lot to learn, little Indians.

Safaricom has some best marketting gurus - I dont see how Ethiopian Telkom SOE will survive.

Ednaseret:
Thanks to you Kenyans brethren. These made me to real cry for my country.
https://www.youtube.com/watch?v=7GAh59VDY4E

Again remember these magic words always - Kenya has a resilient well diversified economy - that has breezed through global crisis - before and the current one will just pass - and will continue to grow. Our macro-economic fundamentals speak for themselves. Having base interest rate of 7.5% alone should shut you, underlying inflation has never gone beyond 6%, overaly inflation still single digit. Minerals are source of weakness - not strength.

obaaderemi:
Kenya is lost. The post-covid issues will continue to mess up Kenya for a long time to come. Debt keeps rising, inflation is rising, climate change is affecting the country worse than most other African countries, the ksh is going down, etc. And you can't expect them to have a boom from any minerals. Minerals wouldn't really matter but in a continent like Africa where hci and investments are low, minerals matter. They absorb some of the shock.

Kenya has 200 5G sites by now. Recently Nokia and Safaricom completed Africa’s first Fixed Wireless Access 5G slicing trial - which allows network to be split/sliced for target users/app.

Kenya remember is heading to a million Fiber to Home. Nigeria doesnt even have 100K. Meaning majority of you are connected to Nairaland through mobile broadband - while most kenyans have fiber to home.

Shaytun:
Stop smoking Igbo.


In August 2019, the broadband coverage was 33.7% and today it is 44.65%, representing close to 13 million new broadband users. There were 13,823 4G base stations and we now have 36,751, representing a 165.86% increase.

“The percentage of 4G coverage across the country also increased from 23% to 77.52%. The expansion has also been helped by the Ministry of Communications and Digital Economy directly engaging the.”

He then spoke about Nigeria’s 5G ambition, pointing out the benefits of the fifth-generation network and how it will contribute to Nigeria’s economic growth.

“We now have Presidential approval for the 5G policy. In terms of density, 4G allows connection to about 1 million devices in 500 square kilometers, while 5G will allow the same number of devices in just 1 square kilometer. There are also very fast data rates of the 5G and more efficient energy usage.”

https://nairametrics.com/2022/10/19/nigeria-has-improved-4g-coverage-from-23-to-77-52-osinbajo/

Not anymore the fools were given 60m dollars after they had paid Orange (France) 250M dollars for the stake - they kept crying- and Telkom now is back as SOE - because gov say it's strategic asset.

Their Helios divestment from Equity group to Telkom kenya will go down in history as one of most boneheaded investment decision ever - not only did they lose huge opportunity in Equity (One of Africa fastest bank) - but they have also literally thrown 200M dollars down the drain.

https://www.businessdailyafrica.com/bd/corporate/companies/state-fully-acquires-telkom-kenya-sh6-09-billion-deal-3971980
The Treasury has acquired a 60 percent stake in Telkom Kenya from UK-based private equity fund, Helios Investment Partners, for Sh6.09 billion, making the company fully State-owned.

obaaderemi:
That your third Telecom company, Telkom Kenya is owned by a Nigerian founded company.

I am seeing something like 55K Base Station Transceivers in Nigeria - while kenya has more than 100K.

-> There are over 103,000 3G/4G Base Station Transceivers in the country. The number of transceivers has increased from 42,000 in 2017 to over 103,000 this year.

>>
4G transceivers
Kenya’s top three telcos—Safaricom, Airtel Kenya and Telkom Kenya—have stepped up deployment of 4G transceivers across the country, increasing their number to 41,284 up from 31,914 within a year.

They also increased rollout of 3G transceivers to 103,822 up from 79,847 even as most remote parts of the country continue to grapple with the slow and unreliable 2G or without mobile coverage entirely.

GeneralDae:
Again I don't know where you get your data from but our 4G coverage is not 37%.
Probably you are quoting old data. What I see is that Nigeria has improved 4G coverage from 23% to 77.52%.

“In August 2019, the broadband coverage was 33.7% and today it is 44.65%, representing close to 13 million new broadband users. There were 13,823 4G base stations and we now have 36,751, representing a 165.86% increase.
“The percentage of 4G coverage across the country also increased from 23% to 77.52%.

Digital Economy has embarked on the National Information and Communications Technology Infrastructure Backbone II, (NICTIB II) to connect 20 States with fiber optics that had not been connected in NICTIB I.”
What you should know

Recall that Nairametrics reported in July that The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, said that Nigeria’s broadband penetration recorded a quantum leap in the last 7 months from November 2021 to May 2022, with a record of 7 million new subscriptions.

Danbatta said: “Internet subscribers have grown from 90 million in 2015 to 150.36 million as of May 2022. Also, within the period under review, broadband penetration increased from 8% to 43.67%, indicating that over 83.3 million subscribers are on broadband networks of 3G and 4G. Indeed, between November 2021 and May 2022, the networks have added 7 million new users.”

Scrapping the bottom of the barrel. Kenya led in digital economy by far in many parameters.

Cyrptos

Kenya has the largest share of its population with cryptocurrencies in Africa, says the United Nations, pointing to the country’s exposure to the ongoing meltdown in the crypto market.

A report by United Nations Conference on Trade and Development (UNCTAD) says that 8.5 percent of the population or 4.25 million people own cryptocurrencies in the country.

This places Kenya ahead of developed economies such as the United States, which is ranked sixth with 8.3 percent of its population owning digital currencies.

War-torn Ukraine is ranked top, with 12.7 percent share of its population with cryptocurrencies, followed by Russia (11.9 percent), Venezuela (10.3 percent) and Singapore (9.4 percent

GeneralDae:
What's important is that Kenya not a bigger digital economy than Nigeria in terms of number of startups or performing digital firms even with the 94% 4G connectivity.

For example:

Nigeria generated more than $400 million worth of cryptocurrency trade in 2020, ranking third place after the United States and Russia.

I think without getting into details - there is no doubt that jewish place in the map has led distortion of history - Europeans wanting to own Jews (before wanting to exterminate them next) - and therefore trying to delink them from it's semitic history. This of course of the Jewish history as successful people and the origin of Christianity...therefore like Ancient Egypt...many racist historians (pretty much everyone of them before genetics) tried to delink it from Africa.

Close home - there is no doubt genetically that Niger-Congo/Nilo-Saharan and Afro-Asiatic (Semites like jews, Arabs, Cushites, etc) is close - E1b1b and E1b1a are genetically older brothers - what people call Middle East and Africa are essentially genetically very close - Arab/Jew/African are closer than other races. Same way Indian and European are closer.

Of course, now we have more tools to use to study history; Linguistic; genetics; anthropology.

Where did they live - I think the most I have seen is somewhere in Chad and the Sahara when it was not a desert like now - then they obviously split into modern tapestry - as the Sahara dried up - the semites moving westward along the west nile (now buried) - then all the way to Arabia/Isreal - and the others following nile down south - an niger river down south.

As for Bantus - I hold the majoritarian view that they came from border of Cameroon and East of Nigeria - as cousins of Igbo-Yorubas - spread through eastern and southern africa.

Suffice to say because of jewish exceptional achievements as a people - everyone wants to be part of their history.

kikuyu1:
We LOOONNG ago demolished the Bantu Migration Theory on ToT! The idea that Bantus in S Naij/ M Cameroon first developed Steel circa 1000 bc then expanded outward via the Congo Forest for some reason is complete B-U-L-L-S-H-I-T!?
It's, an invention, an extremely successful one to separate us from ancient Egypt and the ME.
Just think: they didn't build canoes and sail south down the coast but decided to trek across the impenetrable Ituri in small groups which conveniently leaves no trace. You do know of the 8000 yr old Dufuna canoe from Yobe not too far from the putative Bantu Homeland?
At the same time few if any Bantu oral history has a cultural memory of such a population transfer!

Here's the regional analysis of King Tut's fam. Our Kamba cousins to our drier NE also have ME origins.


https://hubpages.com/politics/Falsification-of-Africas-history

The Cameroonian Bassa, a Bantu people have been identified as Tamil speakers by a Tamil!!

https://youtu.be/vWyAYGlFZjk

To fully understand African history first abandon the idea of tribes and or language groups. Those categories aren't as neat as we think. There's ALWAYS been cultural and genetic links across ALL African population groups-learning Kikuyu history taught me this.
A mere glance at a group of say 10 Kikuyus shows simultaneous Nilotic, Bambuti, OROMO and Semitic elements! I've even heard Naijjans here on this thread and in Nairobi wonder why we're Fulani.

Here are Niger Congo elements identified in the earliest Chinese dialect by Hong Kong uni.


http://sinica.academia.edu/JonathanEvans/Papers/167301/African_tone_in_the_Sinosphere

Their tonal type is more African than Chinese in 10 out of 12 respects ,specifically Dagaare ,spoken in Ghana as far as Burkina Faso. The language is of the Niger-Congo family.

I had pix of these Kuki Thaddou speakers on my hard drive and tab but IDKWTF happened- NADA!? Anyway, in the 1890s many of these Upper Burmese people looked Polynesian with frizzy hair and dark complexions. Now, though ofc assimilation with Chinese has bleached them out.
Let me leave with the Mangbetu from the middle of Africa. A Sudanic people they're famous for skull binding and their labial trill.


https://www.wikiwand.com/en/Voiceless_bilabial_trill

15000 km + away and 2 groups share distinct linguistic and cultural body modification practices- could it be coincidence?

I've known 2 people over the years who clued me in as to how real life anthropological field teams actually operate.
One, a White American with so much black blood in an earlier era you'd think he was "passing" said many such teams are riddled with ACTIVE Intel agents. They steal, fake and/or deface their findings.
Another acquaintance, a BA female with an actual anthropology degree gave up over a decade ago. The professors are ALL on code: findings aren't just stolen,faked and/or defaced but hidden away to be shown at STRICTLY private exhibitions owned by their sponsors, usually the familiar names of biz moguls.
These are guys with personal 747s on standby!
Yes, they've their own secret societies, ala Skull and Bones, Scroll and Key etc,etc. It's all a private club of secret initiates- the billionaire sponsor who can fund a 6 month dig in N Iraq for 6 months incl armed security costing upward of 10 mn$, the Prof and eager student acolytes: all work to keep this knowledge to themselves.
IIRC, she personally knew of 6 ongoing private ME digs around 2005-2007.
On realising this she saw how lucky she was to graduate and left the field to try new things.
I'll ALWAYS rmbr her say " you wouldn't believe what they've found. The worst thing is they'll NEVER reveal it cause to do so would provoke unwanted questions."
Goodness, but this is long! Point being do your own research without being tied down by the ethnic or linguistic considerations of others.
But be careful- you may go far,far down the rabbit hole.....

theenchanter:
Kenyan shilling is doing well.

Kshs is doing 9% depreciation against the dollar..the worst but better than many in Africa..up from usual 2-3% depreciation - Ghana will close the year at 100% depreciation while naira black market rate is close to 800 to a dollar.

I just checked the price of 50kg bag of rice in Nigeria. Horrendous. Crime against Humanity

The average price of a 50kg bag of local rice in Nigeria is ₦27,000.
Rice Brand Size (bag) Price
Anambra Rice 50kg ₦22,000 – ₦25,000
Lake rice 50kg ₦26,000
Mama Gold 50kg ₦27,000 – ₦28,000
Par- Excellence long grain rice 43.3kg ₦41,000 – ₦45,000

Got banned but until your remove the ban on rice imports; you're not producing rise; youre subsidizing rice production; you need to produce globally competitive rise.

samorobo:
Go slow kid, you are not our competition - far from it.
We are Africa’s largest rice producers and to top that we just recently completed the Omota rice mill which is the largest of its kind in Africa (combine all your private mills and the would have the production output by half), not to talk of the one in Akwa ibom and other states that came up recently as well.