₦airaland Forum

You dont expect poor people to shoulder the clean energy burden. Let the rich do that by switching off their coal powered plant.
So the priority for people using firewood in rural areas - is to convert them to clean energy efficient stoves.
Next priority is to turn all the motorbikes into electric motors.

This kenyan company has sold more than a million such clean stoves

https://www.youtube.com/watch?v=HPTjtmqCQO8

vankelvin:
[/b]
Have Kenyans heard of Global warming before?
As every progressive country is embarking on the use of clean energy Kenyans are still dwelling in the past. Use of firewood/charcoal in this 21st century ?

The lower Road still under construction.

68816419:
The terrible thing is that, unlike Nigeria's projects, which are fully sponsored and constructed by state governments, their roads and rail projects are always of poor quality and are only built by their federal governments.
here are some of of the flaws of the newly built over hyped Nairobi expressway
Poor Drainage. A drainage outlet constructed along the expressway. ...
Pavement Straight Into a Pillar. A pillar built on a pedestrian's pavement. ...
Drying Plants. ...
Wire Mesh on the Highway. ...
Traffic at Entry Points.

As long as your refined fuel will be cheaper than India, South Kore, UAE and Saudi Arabi - freigh included - why not. But I dont see Dangote getting off ground soon. Might be another 3-5yrs.

Fourpockets:
Dangote will get dollars from the things he exports like cement, refined crude Like you said already.

Dangote refinery, though I don't see it completing this year or early next, the problem about money is nothing to worry about, cos the government knows how crucial the refinery is to Nigeria's economy, they will bail him out so im not worried.
Plus other refineries are coming up in the next five years . We will soon star exporting diesel and avaition fuel to Kenya

What is there to argue with a fool like him?

Fourpockets:
Stop with the ad hominem attacks, argue his point so this thread can be enjoyable for all of us

Where will Dangote get dollars. Focus on improving oil and gas production. Well I dont think you'll consume all the 650,000 barrels so Dangote may be able to sell refined fuel - but Dangote thing is facing a billion dollar shortfall - I dont see that refinery getting off ground in the next 5yrs.

Fourpockets:
Then we would sell it to dangote in dollar, it won't matter cos it will still be the same price we pay for imported refined crude

Kid go play outside. This forum is for adults.

Shaytun:
Nairobi, 7th July, 2022…For the first time in Kenya’s history, the annual revenue collection has hit and surpassed the Two Trillion mark, defying the difficult economic environment brought about by Covid-19. This is after Kenya Revenue Authority (KRA) recorded a monumental revenue collection of KShs. 2.031 Trillion for the Financial Year 2021/2022 (July 2021 – June 2022) compared to KShs. 1.669 Trillion collected in the last financial year (FY 2020/2021).

https://www.kra.go.ke/news-center/press-release/1752-kra-exceeds-revised-target,-records-highest-revenue-growth-in-history

And this is your highest revenue growth, Kenya has never collected more than 13B in revenue before.

I hope Nigeria gov will soon pay lecturers so you can go back to class and finish your studies.

Shaytun:
Lol, RVP has been lying as usual.

You know is usual modus operandi is to pull fake figure out of thin air.
Kenya only collects 13B in total taxes despite taxing the hell out of the citizen.

https://www.kra.go.ke/news-center/press-release/1752-kra-exceeds-revised-target,-records-highest-revenue-growth-in-history

Nobody can loan you expect IMF - not even Ghana domestic debt market. That sounds like you've bigger problems than any country in Africa

Just40:
You think everyone is poor like you er

Ghana never needed and as at now, Ghana does not need it because the problem facing Ghana now is Liquidity

Yes I think we need to sell a few once in a while - exit where gov really doesnt add any more value - like KCB or Safaricom.

kikuyu1:
Exactly! I'm not saying let's fire sale the family jewels- HELL NO!! Let's not send the wrong message: instead let's reduce gov shareholding in some SOEs in exchange for a couple of billion dollars which will be well spent.
Again I stress we're not NEARLY as badly off as the Waffas and have enough manoeuvre room and smart policy guys to make smart moves.

That is all you saw - you didnt see single digit inflation, interest rate, and stable currency. Kenya population now is about 50-51 million.

vankelvin:
Your pupolation is no more 47Million? confused people

Mitchell Targaryen
@Ambrosia_Ijebu
Kenya has 54million people. The have no oil exports worth noting. They import most of their fuel. Their economy is heavily driven by agriculture. And yet they have low interest rates , manageable inflation and a stable exchange rate.

Don’t you people wonder why?

Yes Kibaki was able to cut on borrowing by selling SOES - to finance deficit; This is what we need to do;Next year budget for example; instead of borrowing 800B - we can target to sell SOES for 200B (few jewels like Safaricom, Kengen, KCB) - and borrow the 600B instead.

kikuyu1:
We do have a definite challenge ATM but not a crisis. I saw smth a yr or two ago on the total value of our SOEs. Divesting from the major ones should give us at least 7 bn $ at a conservative valuation. I can't find the source right now.
That's valuable breathing space and we're NOWHERE near as fkd as these mouthy Waffas.

Nairobi Eastleigh - one biggest somali type mall

https://www.youtube.com/watch?v=IC5m2ZlL_Nk&t=165s

Lots of conspiracy nonsense.
We are dealing with COVID+Ukraine-Russia(energy) economic crisis - 3 yr global crisis.
This is akin to 1972 Iran crisis that took 10 yrs to fix.
It's going to set countries back 3-5yrs if not 10yrs behind.
USD will strengthen - and rest of currencies will weaken - because USD is global currency and, in a crisis, - Cash is King.

Countries most exposed are those most indebted - and they need to build resilience & try surviving the crisis.

GeneralDae2:
I thought this was worth sharing. The currency crises and debt burdens around the world would only get worse.



https://www.youtube.com/watch?v=uO2HC2YJDwc

That problem was fixed. Some uhuru people wanted to pull a forex scam like happened in 1993 under something called Goldenburg scandala. Uhuru and his scammers will soon be facing the law.

Central Bank of Kenya (CBK) Governor Dr Patrick Njoroge has claimed that during the final term of President Uhuru Kenyatta's reign, there was a plot by some government personnel in the finance docket to sabotage the country's economy as was the case during the infamous Goldenberg scandal.

Dr. Njoroge revealed that a section of government officers had infiltrated the public coffers with the intention of embezzling funds in the foreign exchange department but the CBK management has since managed to deal with.

Despite not mentioning the culprits for what he said was a lack of distinctive evidence, he said that CBK managed to get wind of the scheme and was able to stop it thus preventing a similar loss like the 1990s Goldenberg scandal that led to a loss of about 10 percent of the country's GDP.

"In the last two to three years, we have people who were again trying to bring us back to Goldenberg. if you remember what was happening in Goldenberg, this is what some of the people are pushing towards. I don't want to get into details because they will ask me where is the proof, and I will say I don't have proof, am not DCI," Njoroge said.

The CBK boss was speaking on Monday during an induction exercise for Members of Parliament.

samorobo:
Wsup with this?

Debt is not repaid by GDP - it's repaid by gov revenues - which Kenya gov has - and Nigeria doesnt.

obaaderemi:
They got drunk on loans. I thought Nigeria's debt case was the worst until these threads. Kenya is like a bad business that will soon close shop. They right now need the imf than Ghana. Their debt is currently about 70% of their GDP. There's no way they won't default. Even the Chinese are wary of lending them more. They're the next Lebanon. It's not about 'if' but about 'when.'

Splitting hairs. USD was around 115 then - and that rounds up to 20B. If we apply the Nigeria black market rate to your revenues - they will be next to nothing.
Last year - Nigeria federal revenue - N3.93 trillion divided by 750 - is it 5B dollars - official rate (420 naira to a dollar?) is like 10B;
The ZOO - is collecting 10B dollars annually - to manage 200M people.
Let assume at best the 36 states also try to collect 5B!

Zoogeria need jesus.

obaaderemi:
2.3 trillion ksh.... that's $19bn. You don't generate over $20bn like you said.

kikuyu1:
I thought RAO had retired after his attempted come back via Julie Soweto's court room theatrics.

Ati, "electoral coup d'etat!"

[urlhttps://youtu.be/WMi3Wyo3np4/url]

Someone come get this byatch!?

He will run on on like his father until he dies..look like he had a stroke...

Just40:
Ghana is not in distress ... Ghana is in tight space because of excessive spending over the last 4 years ... A spending habits that it has to keep up because of a competitive political space.

In other to keep this spending habit up domestic finance and monies from it investments alone are not enough, it needs to constantly have access to the Eurobond market. Shutting Ghana out of the Eurobond market because of it growing debt portfolio which worried investors of Ghana ability to pay back should it debt portfolio keep growing led to a cascading event.

Those invents has since led to a drastic Central bank intervention which has cause Ghana to effectively set a gold price slightly below international market price like the Russians recently did..

And all gold purchases will be done in Cedis, effectively setting a gold cedi peg which will lead to more Cedi printing. (Underwriting the currency)
Guaranteeing the purchase of all gold produced in Ghana by the central bank first before any export. A brilliant thing that should have been done a long time ago.. Something similar to what Switzerland does will be happening in the next 10 years when it come to reserve holding.

Just as it new HQ is coming up

https://www.youtube.com/watch?v=cu__oAAt-Xo

https://www.youtube.com/watch?v=liJaAyg0bLY

https://www.youtube.com/watch?v=uP4bLN_ILqs

21 floor building that will cost 200 billion dollars...what are Ghanians smoking.Such building cannot cost more than 10m dollars.You all need to go back to proper school..not double track nonsense

Why is world biggest gold producer ghana in distress'
Answer nobody give a f of gold
Dont a fool
USD fiat money is GOLD
Ghana gold is only useful for some indian woman jewerly

Just40:
Only and Idiot would not keep Gold now.. especially when the only real money is gold and silver.

You think the US Fed is keeping gold for nothing or you thing it was for nothing that Germany and France requested for all it gold back from the US Fed in 2016, maybe you think the Chinese and Russians are shoring up their gold reserves for nothing....?

Boy you have not been paying attention, everyone is positioning themselves well for the coming Bretton wood 3.0...
Those who are going to suffer the most will be those economies caught off guard

The land doesnt look ferile or have good weather.
kalenjin land is expansive - here is my home ground - some live in dry place - we live in best lands in the world

https://www.youtube.com/watch?v=N6MLFAGIr04&t=453s

MzeeMwenyewe1:
This is baringo county, they have produced a president for 24 years and their son ruto has been deputy president for 10years. Ladies and gentlemen here receive food Reliefs every year despite having fertile lands and good weather

Treasury yes is finance ministry. GOLD is last century. Only an idiot keep gold now. Central bankers best gold is SOLID REPUTATION. One word like we will re-negotiate with domestic debt holders - you lose big time. This is era of financial engineeering - not era of gold bars in some dark room.

Kids who have never seen a gold bar are now trading gold to be mined 30yrs from now. Nobody cares who will be alive 30yrs from now or whether they will have gold - all the care is REPUTATION.

Just40:
You mean Ghana finance ministry?

Implementation of monetary policies come to Ghana central bank ..

Gold is the only real money kiddo and it is so good my central bank has caught up with the likes of Germany, Switzerland, China, Russia, BOE and the rest who have all seen where Breton wood 3.0 is headed ... A basket of commodity back currencies

Construction damaged the lower road - as the expressway was being built.

Just40:
so the road wasn't done and it was commission?

A road that all the workers have left and gone home because it is done? Anyway that wasn't the bone of contention but the fact that the road has no drainages because drains were an afterthought.
Also the fact that all the side walks lead into a break wall.

More goat bleating. The problem is not with Central Bank. It's with Ghana Treasury. Sell the gold. Nobody cares about it. New GOLD is forex basket of DOLLARs, EUROS, POUNDS and FRANCS. Sell the gold. FIAT money run the world. Sell the gold to jewellers. Nobody is keeping gold reserves. It useless.

Just40:
noise of an empty headed guy

Keep wailing like a goat ....

The Central Bank of Ghana is basically going to increase money supply by shoring up gold, which will in turn lower interest rates, generate more investment and put more money in the hands of consumers to spend.

Only the Ghanaian central bank is capable of doing this, the Kenyan central bank can't

Samrobo use to do this - unfinished roads and try to take the shine away. Relax. The roads will be done. Grass will grow. Tress will blossom. GHANA will probably be under military rule Look like democratic process as failed...and a young captain will take over like happen in the neighberhood - Burkinafaso

Just40:


Funny enough the road is done but chairman is still claiming it is under construction

Madman get your medicine and sleep. You sound like bla bla bla of a goat.

Just40:
Kenya was forced to go because it couldn't Carey out it debt obligation and pay salaries at the same time so it went last year after several debt restructuring with the hope of being able to pay salaries, finance it budget and forfill it obligation but it realized even that wasnt enough and it needed another package.

Part of the conditions are what is now kicking I like the fact that it has to put all spending on hold for the next 5 years and a freeze on employment, more will be kicking in very soon.

Infact Ghana hasn't even approach a discussion with domestic debt holders because it made a decision early last year to increase money supply by significantly shoring up it gold holding under a first right of refusal law whereby the Central Bank will purchase 225,000 ounces of gold every quarter and print cash .


Looking at how the discussion is going between the two political parties in Ghana, Ghana may not even go under IMF because the money is largely not needed .... It has already secure the effect it wanted by calming the market.

Kenya will have to deal with the mess it created by it over reliance on debt to do everything.
Now the chickens have come home to roost and you're being stripped bare by the IMF.

Pray what is he spot on? What has Uhuru ever done that is praiseworthy? You elevate a lazy drunkard to a pedestal he cannot pedal. Uhuru is creation of Kalenjin elite. Gideon was to use him. Ruto eventually used him. He found Raila and used him.

The real hardwork of running gov he CANNOT HANDLE. Ruto like Moi is up by 4 am and recieve intelligence by 5 am....every single day. Stategraft alone would finish Uhuru

Shma2022:
My guy, don't accept frustration and stress to consume you. I won't stress myself because the guy I didn't want to see in power has it. It has happened and I can't do shit about it.

But you're spot on, on particular key projects by uhuru---- most of them boils down to Kibaki's regime.

Also, posting sh*t about Kenya is pettiness in grandeur. Don't degrade your self to a suffering man who is smiling like the famous suffers--+++++smilling ...

Africa competitive index

Oga you're not that desperate.

68816419:
Oga . answer my question... How would a blind person navigate such a path?

Uhuru is Ruto project since 2002. Uhuru cannot find his bottom with his two bare hands. He is hopeless drunk. Raila desperados have elevated him but look he lost despite having gok.

In 2002 - I was in Narc supporting Kibaki - I heard Ruto and Biwott verbatim - saying Uhuru was hopeless drunk they had put so they can rule - I heard the same thing in 2013 - and I hear Uhuru late found out - and became very angry.

The truth is Uhuru and Museveni son are IDIOTS. Ruto run 2013-2017 gov. Uhuru was avoding Ruto because 1) he was drunk 2) Ruto demanded he stop drinking and start exercising. The second term he found a Raila - a fool - and used him.

MzeeMwenyewe1:
He must give credit where is due, why claim Uhuru projects as Ruto's. He can post Arror and kimwarer dams or one street city - eldoret and I won't bother him.

Please slowpoke dont remind us of Nigeria Reynold. That road is under construction. Give Chinese time. RCC made Nigeria contractors permanently banned in Kenya.

68816419:
How would a blind person navigate such a path?

Wow, this can only happen in Kenya. How could this even happen?. Are there no inspectorate agencies set up to monitor these kinds of structures? No Nigerian construction firm would carry out such a poor work.

One can smell Tanzanian miles. You reek stupidity, obtuseness and small mindness. Our railway (SGR) is designed for purpose. The purpose was to transport CARGO with passenger services just as a nice to have. The engineers did the maths. Uhuru took huge cut and that is where the problem is.

TZ SGR is hopeless ab initio. It will never breakeven - because passenger trains are hopeless - except maybe in cities as light train or metro or subways.

Kenya main economic activities happen around Nairobi - so NBI-MSA is profitable - TZ - everything happen in Dar like Nigeria Lagos - hinterland is a wasteland. Nairobi-MSA is like Joburg-Capetown. You have nothing like that in TZ.

Your railway to nowhere is hopeless venture.

MzeeMwenyewe1:
You now wish am a tanzanian so that you can sleep well at night but just know that am a more Kenyan than you.
It's very good that the UDAku camp are claiming the train to nowhere - SGR because both you and it are useless.
You can lie to the Nigerians and Tanzanian but don't try those gimmicks on me because am on the ground and I will be here to spoil your fan

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