₦airaland Forum

It's more cultural and apt for enviroment - it's not cold like cement - I guess you draw the cultural line in clothing?

Just40:
So 45% must live in squalor such sandy dusty houses?

REMOVE OIL ECONOMY - and what do you have left in Nigeria. Nollywood?

Balogunodua:
Run off generator that made your economy inferior to ours abi you fustrated Kenyans are just to dumb for my liking.

70% of kenya is rural.

Just40:
Anyway, may I ask why 45% of the 11 million houses in Kenya leave their floors as bare earth/ sand or just dungs, without any kind of concrete flooring or anything?

Maybe if you spend more time on serious stuff 1) you wont have sold millions for clothes 2) you wont be running off generators. What is in a piece of clothing?

We are discussing serious stuff 1) 2-3B dollar investment on Ethiopia virgin telcom sector 2) Possibility of opening up of their financial sector.

Fourpockets:
I don't know, English?
But on a serious note it feels strange, even in Nigeria, our president hardly wears colonisers suit, he will rather wear traditional

There are lots of controls to ensure we got the census right including household surveys way before the census; we dont want a Nigeria where everyone inflate their figures to get more federal allocations.

Just40:
another deflection noise ....

Counting by elimination... Deliberately reducing the numbers for certain regions after they were counted, which caused huge uproar in your society only tells us why everyone kept your population figures at 53 million in 2019 ..
By that figure, your population will be around 58 million today.

No crazy rants pls

Kenya is starting to make great sides in fight against graft.
Asset recovery authority has managed to seize many illicit proceeds
And the judiciary is finally handing huge sentence - this guy will pay 1B kshs fine or 67 years in jail

When you claim there are 60million kenyans - after we spent 200M dollars counting only 47.5m - then you can only be a mad cow.

Just40:
facts make you scream madness


Is that the only thing you have when your guess work doesn't hold water?

Which colony own suits?

Fourpockets:
Why is Ethiopian PM wearing suit? I thought Ethiopia wasn't colonized?

Ruto visit Ethiopia to Launch Safaricom Ethiopia as Uhuru joins Obasanjo to find peace in Ethiopia down in South Africa

I hope Ethiopia will allow foreign investment in banking and other sectors

The usual madness

Just40:
another excuse

Backwater stuffs are not permitted in Ghana so you won't find any... The fact that most of that 1800 stations in Kenya are backwater station show how underdeveloped your downstream sector is.

Also, please don't paddle numbers...

Ghana still consumes more fuel than your country of 60 million people

If you count backwater filling stations - you will get higher number. Definitely kenya consume more fuel than Ghana. Last I checked Kenya was doing 6.5 billion litres..Ghana about 5 billion...despite using a lot of it to generate electricity.

I can only imagine what goes on in the Zoo where everyone runs a generator.

Just40:
crazy number paddling

You mean 1800 in your skeletal insignificant country?

How is Feb 2022 old news. NNP has never made profit in its existence. They recently cooked books but cant remit any dividend. Repairing old things - is part of expenses - you can't declare profit with leaking pipes. Fix the pipes first. That is why to this day NNPC the biggest Nigeria company has never paid dividend to it's owner - Nigeria gov and people - in history.

samorobo:
Old news. Get a grip of yourself.

Kenya is not a Nigeria zoo. DSTV Kenya is owned 40% by Kenya gov through KBC. GoTV like any other foreign company had to sell 30% shareholding to kenyan to operate.

MultiChoice Kenya is jointly owned by Kenya Broadcasting Corporation (KBC) and MultiChoice International with a shareholding of 40 percent and 60 percent respective

And there are kenya paytvs - Zuku/Star- many others.

Massmart failed everywhere including Nigeria. Kenya retail is firing in all cylinders. Nigeria is still informal market.

South Africa failures are their own - Carrefour (French retailer) - came to kenya in 2016 - and are now making serious profits.

Retail chain Carrefour Kenya's sales surged 25.8 percent to Sh32. 9 billion (one billion Emirati dirham) last year as it opened more branches and attracted more customers to its stores concentrated in Nairobi.Feb 28, 2022

obaaderemi:
Old man Kikuyu, ask yourself why gotv and DStv remain the biggest paytv companies in little India. Are they not South African companies. Why are they still in little India and the south African retailers are leaving.

Truth is your retail sector is bad. That's why they're leaving. Where's nakumatt today? Nakumatt used to be little India's largest retailer. It died a painful death. Your economy does not support foreign investment. No wonder your fdi inflow is so tiny. Come on, you of all people should know this.

Yet another south africa company retreat from Africa - minus their shirt.

“Massmart initiated a process over a 12-month period to investigate... the opportunity to sell our East and West African stores to local investors. Unfortunately, this initiative did not deliver a meaningful outcome,” the company said.

Massmart chief executive Mitchell Slape last year said the chain had begun a formal sales process to divest five Game stores in Nigeria, four in Ghana, three in Kenya, one in Uganda, and one in Tanzania.

https://www.businessdailyafrica.com/bd/corporate/companies/south-african-retailer-fails-to-sell-game-stores-opts-to-close-3974166

NNPC-It has never made profit for 45yrs - and has never paid dividend.
Compare oranges with oranges.
Kenya SOES in oil industry are Kenya Pipeline,National Oil of kenya and KPRL (Kenya Oil refineries) -
Kenya Pipeline almost annually makes 100M dollars in profit - and has therefore earned Kenya gov billions.
And has never made a loss.
How do you make loss selling petrol or gas

Kenya Pipeline - manages the downstream finished oil product pipeline from Mombasa to Nairobi, Kisumu, Eldoret and Nakuru

KPC Managing Director Macharia Irungu said over time, the company had provided a good return on investments to its shareholder.
"We have grown to be one of the largest parastatal in Kenya. During the last eight years, we have generated over Sh80 billion in profits before tax and paid over Sh 50 billion in taxes to the government during the period,"Irungu said.

samorobo:
We are talking NNPC vs your use flying coffin. The former which is Africa’s largest retailer keeps making profit,the letter is just a hopeless hot mess waiting to be dissolved. Stop wasting your money and end that dying venture. Put it to rest

When your dead airline start kissing the sky again - not biting the dust - please come and shake this place. I hear you've called on Ethiopeans to help you. It's hopeless mission

samorobo:
When they happen come shake this place up else stfu and keep praying for profits.

How is Nigeria Airways? Still biting dust? KQ will be back to profitability soon - 2024.

samorobo:
Stop splitting hair,let’s just assume what you are saying is true. NNPC yas been making profit since 2019 till date,KQ can remember the last time it’s balanced it’s sheets. Talk of the present and stop glorifying the past. KQ is an absolutely,a butt of joke for lack of a better word. There is no success in that muppet.

Stop this implusive urge to call everything largest in Africa. OANDO is unknown. In downstream business Nigeria is crap. You cannot beat even Kenya there.

Kenya alone - There are over 1,800 service stations in Kenya operated by more than 70 registered oil marketing companies that are involved in the supply.

Here is the distribution of petrol stations per county from the highest to the lowest;
1. Nairobi County - 324
2. Nakuru County- 230
3. Kiambu County - 208
4. Uasin Gishu - 181
5. Meru County - 173
6. Machakos County - 165
7. Kakamega County - 139
8. Mombasa County - 138
9. Bungoma County - 136
10. Kilifi County - 135
11. Kisii County - 122
12. Trans Nzoia - 119
13. Kajiado County - 117
14. Kirinyaga County - 112
15. Kisumu County - 107
16. Muranga County - 106
17. Homabay County - 96
18. Kitui County - 93
18. Kericho County - 92
20. Nandi County - 92
21. Migori County - 91
22. Siaya County - 91
23. Makueni County - 91
24. Bomet County - 90
25. Busia County - 84
26. Embu County - 81
27. Narok County - 81
28. Nyeri County - 75
29. Nyamira County - 69
30. Laikipia County - 67
31. Kwale County- 56
32. Tharaka Nithi County - 54
33. Nyandarua County - 53
34. Vihiga County - 52
35. Elgeyo Marakwet County - 49
36. Turkana County - 40
37. Baringo County - 40
38. Taita Taveta County - 39
39. West Pokot County - 35
40. Lamu County - 30
41. Tana River County - 21
42. Wajir County - 20
43. Marsabit County - 19
44. Samburu County - 17
45. Garissa County - 17
46. Isiolo County - 12
47. Mandera County -11

obaaderemi:
Cooked books indeed. It acquired Oando, one of the largest petroleum products marketing companies in Africa with cooked books. Then more of cooked books, please.

Bitterness is bad for your heart.

Example 1:

Equity Group 2nd biggest in Kenya, Uganda, DRC, Rwanda - and also top 10 in Tanzania, South Sudan and with eye on Ethiopia.

Equity Group is the largest bank in the region with assets of USD 12 billion. It is also the largest bank in terms of deposits, with a market capitalisation of USD 2 billion and a customer base of over 15 million. The group has 337 branches, 56,772 agents, 32,269 merchants, 697 ATMs and has widely adopted digital banking channels.
The Banker's Top 1,000 World Banks 2021 ranked Equity Bank 761 in its global ranking, position 39 globally on return on assets, position 71 on return on capital, and position 149 on soundness (Capital Assets to Assets ratio). The Banker's Top 100 African Banks 2020 ranked the Bank 7th among the top 10 banks in Africa, 5th for strength, 9th for growth performance, 8th for return on risk and 6th for profitability and leverage category. In the same year, Moody's gave the Bank an overall rating of B2 with a negative outlook, identical to the Kenyan government's sovereign rating, due to the Bank's strong brand recognition, strong liquidity buffers and resilient funding profile, well-established national franchise, and strong adoption of digital and alternative distribution channels

AfriqueDuZuid:
Again to what extent, what are total assets and money flow in those subsidiaries?

Are those in top 10 in those countries

It's pointless to say you dominate by mere number while in actuality they just part of small businesses.

Good move. I would keep shareholding at 51% for gov.

Shaytun:
NNPC is going public.

Government will only own 41% stake.

And that’s the way it should be, government have no business running company.

Excellent. Small well sized and well built.

Just40:
Kwame Kyei Sport complex.... A multi disciplinary facility for the Kuntenase community

What is wrong with cows crossing the road. Tell me exactly why that suspension bridge was built? To straighten the road? Why not just meander for a kilometer - along the shoreline - and save for some money. I was reading on KLM airline newspaper that there is only one ONCOLOGIST for children cancer in 60M people Tanzania. Why not save some money and go to Cuba - and get at least 100 children oncologists - one for every district.

Kazikazi:
I thought expressway was meant for vehicles only? But I was very wrong, a cow can also access it.


A cow? only in a failed state

The famous bridge to nowhere. Your LOW IQ country is just amazing.

Kazikazi:
Tanzania tztztztztz
Low tide in Dar es salaam

See what Almajiri school of beggars did to you. Urgent issue is for Buhari to remove all tarrifs and customs for Africa products just as Kenya does the same. And of course try to keep Naira fairly stable and freely exchanging.

WB says if he does this 100M african will be lifted out of poverty with 200B dollars worth of trade. That is huge potential for intra-africa trade. Otherwise for now - we have to go to Europe or Asia or US - for things available in Africa.

Lame excuse is one currency and other such nonsense.

theenchanter:
ok.

Africa banks are expanding. Soon enough kenya banks will be in West Africa - and a Kenya trade can have his Cedis or dollar account deposited in Equty Bank branch of Accra - transferred same day to Kenya - and so will Ghana businessman with Access or UBA bank account in Nairobi.

Single currency is never an issue. China does trillion dollars worth of trade in USD.

Tarrifs, customs, and Logistic are urgent issues. Single currency we dont need it anytime soon.

theenchanter:
the problem with u is that u don't know anything and u're a talkative, bland talk tbh.

See - you dont make any sense. Why would the exchange rate differential be that much. And like I told you - traders will have no problem accepting CEDIS (if it become stable) - and KSH.

Removing tarrifs alone btw Kenya and Ghana - allowing free trade - will reduce the cost of trade by 40-50%. To enter England - kenya tea have to meet very high standards - then snake it way back to Ghana as Unilver Lipton tea (never mind England cultivate zero tea) - after all that changing hands - they become very expensive. For cocoa it the same - Swiss dont farm any cocoa - but Kenyans will import Chocolate from there. If Ghana want milk - they go to Europe - when Kenya is awash with milk.

If we export directly to Ghana with free trade - it become very cheap for Ghana and very profitable for kenya - its a win- win - currency exchange loss will be minimal - margins of buy/selling dollars that bankers will keep.

Once trade blossom - and countries keep their currencies fairly stable - intra-africa exchange rate develop - you dont need dollars - you just need to know Kshs to Cedis or Naira rate.

theenchanter:
let me tell u what u don't know. If we decide to trade in dollar while adjusting our native currencies to match the dollar rate, there'll be problem of prices.

By the time u adjust ur tea price to the dollar to sell to Nigeria, for example, you'll find out that Nigerians might not buy ur tea cos it'll be more expensive than what we buy here, might even be costlier than importing from foreign countries.

U still don't have sense.

You never make any sense ever. What is big deal with currency. If we trade in USD - isnt that trade important. COMESA is 19th countries and trade flourish there.

What is important is trade...you dont go to England to buy Kenya tea - sending USD to England - you send the USD to Kenya.

We also dont go to Switzerland to buy Chocolate or cocoa - we buy it from Ghana - sending USD to Ghana.

If we dont like KShs and Cedis.

TRADE is the core - the medium of exchange is secondary.

theenchanter:
u actually didn't make any sense, then u reverted to gold or USD and made everything worse.

Cooked books - remitted Zero.Zero to federal gov of Nigeria.

This is a month ago..

The Nigerian National Petroleum Company Limited (NNPC) has failed to make remittances into the federation account for seven straight months in 2022.

This is despite a gross revenue of over N2.8 trillion from crude oil, and gas sales within the period.

This revelation was obtained from NNPC’s presentation to The Federation Accounts Allocation Committee (FAAC) for July 2022.

NNPC was expected to pay into the federation N1.23 trillion, which will then be distributed to the three tiers of government.

obaaderemi:
It's still better than kq. At least it declared a profit in billions of dollars last year. What about kq, your flying coffin?

Lame excuse. If you dont like CEDIS you can always ask for dollars or gold. We have COMESA, EAC and others trading. You can change CEDIS to Kshs in airport of Ghana or Kenya as trade improves...in meantime we can take USD or gold. These are auxilary issues.

theenchanter:
don't forget that it's a continental trade agreement... So, if Ghana or kenya is trading with about 30 African countries, there will be demand for the 30 African currencies in Ghana or kenya

U don't have sense.

KQ on it's deathbed remain the 2nd most successfully national airline in SSA - with long history of profitability = in a sector that is very brutal- unlike NNP who have 45yr long history of making losses - in a sector - of oil n gas - that is ver lucrative.

obaaderemi:
It's true o. I've even forgotten about that one.
You see, the problem with the little Indians is that they are contented with the mess their country is. Unlike Nigerians and Ghanaians that you see here talking about the problems of their countries. The little Indians do not know their country is a terrible shithole.

With Naira collapsing against the dollar - maybe KCB will accept groundnuts for payment. I am expecting both Equity and KCB to soon eclispe all Nigerian banks

Shaytun:
Don’t mind him.

There’s no possible way Kenya banking sector will ever catch up to nigeria.

We are not even in the same league.

I see either gtb or AccessBank acquiring KCB in the nearest future.

Yes especially because CEDIS is like South Sudanase pound. By time you're in back - it would have depreciated by a lot. Otherwise it will be south sudan expereince - hell on earth for business.

gallivant:
They can pay in gold. That's my final proposal.