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PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:43pm On May 02, 2022
When will gold plated Ghana or oil depend Nigeria get here...kenya semi-arid zero mineral country - and you dare gives lectures about economy and development. NAH. Nigg.ah

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:28pm On May 02, 2022
You can never compare kenya macro-economic and Ghana.
Nobody will invest in a country whose currency is prone to hyperinflation like Ghana.
Nobody will invest in a country whose macro-economics are unstable.
Stability and predictability - low risk - that what Ghana has never nailed - nobody want to sleep with Cedis and wake up tomorrow to find they lost value.
That is why your economy is still dollarized.
Kenya macro-economics are solid - lasting many years.
We have had very minor issues - that we have immediately corrected.
That is why when you see Nairobi or Mombasa and compare it Accra or Kumasi you want to CRY.
And we dont have Gold, or Oil, or Aluminium, or Diamond.
We got nothing.
We dont have enough arable land...just 11% of the land.
Just40:
Dumb kid

A depreciated Cedi is always good to create an export competitive economy.. You can't have your currency far over valued than your immediate neighbors there by creating a situation where goods produces in your country are more expensive than those produced in the countries around you despite having the advantage in the production.


Those are simple economics


Lending rate in Ghana is at 10%

Kenya is suffocating under it debt because it debt repayment to revenue currently stands at almost 80% of your country revenue.
I wonder if your country will be able to page wages this year

This is the reason why Kenya can't afford to buy fuel and there are long lines everywhere.


When your politicians stop paddling economic data for political propaganda, and Kenyans grow the balls to actually interrogation fake economic data, Your country will finally start getting better.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:26pm On May 02, 2022
True - the entire political class is very corrupt - and that makes it a non-issues.
The question is who in the corrupt political class can get some stuff done. That is real differentiator.
tylann:
Uhuru kenyatta and his deputy are both corrupt no one is better than the other Kenyan political class is excessively corrupt..ruto is just taking advantage of gullible Kenyans
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 11:11am On May 02, 2022
Usual madness.
Last year this time - Cedis was exchanging 5.80 to a dollar.
As we speak now - it 7.6 cedis to a dollar.
That is serious depreciation.

Kenya SHS has depreciated from 110 a year ago - to now 116.
Our debt to gdp is not even 70 percent
Base lending rate is 7 percent
Our inflation is single digit.

In short slowpoke - Kenya will and has always been miles ahead of Ghana despite your minerals.

Just40:
Ghana Cedi has recovered all it losses
Ghana inflation has recorded a drop to around 13% for the month ended.

Ghana debt to GDP has recorded a drop to 77%




The Kenyan economy does not exist hence the bread lines and fuel line all over your country.
A complete zoo
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 9:58am On May 02, 2022
Ghana the mini zoo can never lecture kenya on anything macro-economics. You look for company in your fellow brodas NIgerians.

https://www.reuters.com/world/africa/ghana-imposes-record-interest-rate-hike-slow-inflation-2022-03-21/

Meanwhile, Ghana's cedi has weakened by about 20% against the dollar this year, making it the second-weakest currency after the Russian rouble in a list of some 20 emerging market units tracked by Reuters.

Addison blamed that in part on recent downgrades by credit ratings agencies Moody's and Fitch, which he said shook investor confidence.

Ghana's total public debt stands at $50.8 billion (351.8 billion Ghanaian cedi), according to central bank figures, about 80% of the country's gross domestic product.

Ghana announced its biggest ever interest rate hike on Monday as it seeks to slow rampant inflation that threatens to create a debt crisis in one of West Africa's largest economies.The Bank of Ghana raised its main lending rate by 250 basis points to 17% grin grin grin grin


Bottomline - GHANA ECONOMY HAS/HAD COLLAPSED.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 9:49am On May 02, 2022
You are still screaming - like the market madman.
Kenya is doing way better than Ghana - whose cedis collapsed at some point to 8.4 to a dollar - 18 percent deprication in single quarter - WORLD WORST performing currency according to Bloomerg.
Our inflation has risen by 1 percent (underlying) - and headline by 2 percent - yours at some point was up 20 percent - worse inflation since 2009.
https://www.africanews.com/2022/04/13/ghana-s-inflation-hits-highest-since-august-2009/
Ghana is a MINI ZOO. Nigeria is a main Zoo.
Kenya is a progressively run country that went through small problems after drunkard president dropped the ball.
Kenya can will fix that problem in less than 100 days.
Just40:
don't mind them, they had 4 good years of us warning them that any small external crisis will torpedo their entire country into a terrible place and they didn't listen.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018:
First Nigeria and Kenya cannot be compared. You got very very serious problems. Start first by fixing your education system - and getting millions of kids out of school back to school. Then fix electricity . Then fix pretty much everything that is broken in your country...which is almost everything.

Now let move to Kenya.

Yes Uhuru was always a drunkard. That we knew. That is why we gave him Ruto to help him steady the ship. The first term was great - gov functioned like a clock-work - a lot of work was done. Electrification rate that world fastest - paving of 10K roads - name it - it was huge success and they were re-elected by an even bigger mandate than in 2013 (when both were facing ICC crimes against humanity charges)

The 2nd term was premised on what they called BIG 4 agenda. Then fallout happened. I have spoken to people close to Ruto. They tell me It was down to Uhuru alcoholism, and laziness. DP Ruto was very upset when Uhuru said they should shelter the big four agenda and change the constitution - in misadventure called BBI (which was invalidated by high court, court of appeal and finally the Supreme court).

Ruto was like "BOSS, my job is only to advise and assist you. I think we should implement this thing to the end; let's stick to the promise we made to Kenyans" .The next day Ruto started getting signals. Soon, it was a total blackout. 4.6 years later we have a mess. Unbekonwn to many Kenyans - Uhuru seeing himself as "too young to retire" was trying to find means to extend his stay in power. Thankfully our independent judiciary stopped him right on time.

Uhuru with his known drinking problem has almost driven kenya to a ditch - he has borrowed in 2nd term more than in 1st term - with almost nothing to show - it's gone to recurrent expenditure (Nigeria style). The gov has become totally dysfunctional it last held a cabinet meeting two years ago. Covid and Ukraine thing have compounded the problems.

Now we are going into election - it's btw Ruto and Raila (the guy is trying for 5th time - but is frankly too old and weather beaten - another Buhari who is sleeping on meetings). Ruto on the contrary is very brilliant, very determined, natural leader and very effective. Ruto is leading in most opinion polls and I think if he wins - we would be in very good stead.

Kenya has to fix minor issues compared to Nigeria. What we are trying to fix is manufacturing, more food production for all, better housing for all and free healthcare for all (Ghana has done this).

obaaderemi:
You've started praising Ruto the same way you praised uhuru to high heavens initially. Nigerians called him the drunkard president then. You now call him the same. grin

You of all little Indians here should know your economic crisis is systemic. It's a fallout of dèep endemic failures over the years.... corruption, gratuitous borrowings, and lack of real growth of the economy. What you call growth is a bubble which has now burst. Expect more troubles for the Kenyan economy. The signs are bad.

Your agricultural sector is suffering. TEA is no longer doing well, unlike oil occasioned by Russian Ukrainian war. Things are about to look a lot better for Nigeria. We just need to be more serious about fighting terrorism. And with a new president coming in next year, there's a huge possibility of that happening.

On subsidy, it's like the forbidden fruit. Kenyans have tasted it. Remove it and see how prices of goods would go through the roof. It will finish your economy and mess up your society. Your problems are bigger than you think.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 4:08pm On May 01, 2022
Kenya is far from being a zoo like Nigeria. I know you're looking for company in your misery corrner but none of our problems are systemic. They are just as result of current government dropping the ball the last four years. The drunkard president has not even held a cabinet meeting in the last two years.

The kenya economy is still expected to grow at 5-6 percent this year but few issues structural changes needed.

I believe Ruto's so called bottom up economic model - will within 1yr have steadied the economy and it will fire in all cylinders.
1) Debt - about 70 percent to GDP - we need to stop borrowing - and start to finance infrastructure through savings & sale of gov assets (more privitisation).
2) We have to reform public sector - KQ for example is bottomless pit - there are many SOES - parastal - that needed to be privatized.

More importantly - we need to fix joblessness - and under-employment - that is affecting about 15M adult Kenyans.

1) 8M of 15m are farmers - we need to fix our agric sector.
2) 8M are informal sectors - we need to implement the Big 4 agenda that Uhuru has failed. Housing alone can employ 4 million people...that willl build upto a million housing units. Uhuru unfortunately has delivered very little. Manufacturing push is also now possible with strong infrastructure...Lamu free port can become big SEZ.

Stuff like fuel shortage - those can be fixed in a single day. Remove the fuel subsidy.

In short Uhuru has dropped the ball - but he has 99 days to go home.

All that is needed is to implement the last 5yr plan - so called big four - Food, Housing, Manufacturing and health care - with seriousness it needs.

We have to write off the last 3yrs due to COVID/RUSSIA/Elections - external factors - and our own internal (lack of leadership as drunk Uhuru became Buhari smiley - an illiterates who should never be near presidency of any country leave alone Nieria )

obaaderemi:
Whoever wins, Little India remains what it is, a disgraceful wretched place.

Current events show the country is going to remain in decline. Fuel crisis, rising poverty, indebtedness, falling economy, etc. And expect the election to be bloody as usual

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 10:08pm On Apr 30, 2022
kikuyu1:
Kibaki, the quiet Keynesian was the quintessential performer! The diligent finance director in a big company ALWAYS on time with audits and tax, training and planning while the HR guy is ever slow on updating staffing requirements despite endless directives from the MD.
Now the self centred prez wants to inflict the same HR guy on us in State House to protect his fam's ill gotten gains. HELLZ NO!?
Btw, did you notice the spontaneous cheer Ruto got when he rose to make his speech at the funeral?
Raila doesn't understand anything about economy..his educational background doubtful and would take us back to moi era dictatorship and kleptomania..at worse time.Ruto is brilliant, hardworking, go getter and is multi talented.. definitely would make a great CEO.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 9:47am On Apr 30, 2022
Unfortunately the current drunkard president Uhuru has dropped the ball - and kenya is on throes of an economic collapse. For first time in anyone memory - kenya are queuing for petrol like Nigeria. The forex(dollars) are being rationed. Inflation has risen to 8 percent. Things are starting to look and sound like Ghana...a small zoo..on the way to hopeless big Zoo of Nigeria.

Kibaki found an economy that was in recession - and quickly grew it to 7 percent - by slashing interest rates, balancing budget, reducing debt, growing revenues, and turning around the economy. Kibaki unfortunately was poor politician - slept on political front - and had to rig his re-eleciton leading to almost civil war that brought the economy down to 1.7% and many deaths & destruction. But after a coalition gov was negotiated, he again turned it around growing it by 8-10 percent before exiting. And of course delivering the 2nd kenya republic with new constitution.

Now Kenya is here- broke & choking in debt - led by a drunkard - but fortunately we have three months to right the ship in the next election.

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018:
Kibaki became 1st African to score 1st class degree in London school of economics - having also scored 1st class in Makerere and was always top in his class.

Kibaki was appointed as Minister for Finance in 1969 and Kenya recorded economic growth rates of up to seven per cent and Kibaki’s sterling performance in that docket is widely known that World Bank President Robert MacNamara once described him as “one of the greatest economic brains to have emerged from Africa”.

In 1977, the Time magazine recognised Kibaki as one of the African leaders of the 21st century, with high potential. In 1981, the magazine again named him among its annual top 100 people who could lead the world in various capacities.

Kibaki on family planning

https://www.youtube.com/watch?v=0TWc_5LWroo

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 6:45am On Apr 30, 2022
Kibaki rebuilt the economy that had been ravaged by Moi dictatorship and kleptocracy - rebuilt infrastructure and lead to economic boom that saw economy grow from -2 percent to 7 percent in 5yrs.

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 6:40am On Apr 30, 2022
Kenya buries it's 3rd president - one of africa most intelligent leader - who transformed kenya economy from 1960s. Kibaki was top on class right from grade 1 throughout his degrees at Makerere and London school of economics. He helped designed the economic policies that transformed 89 percent semi arid no resources Kenya now into Africa largest non mineral economy.

Kibaki and late Tom Mboya designed Africa socialism economic policy that transformed kenya in 60s into competitive economy growing at 6-7 percent despite having zero minerals and limited arable land. He became the finance minister for most of 70s and 80s. Became opposition leader for most of 90s...and eventually became president in 2003.

Despite old age and two strokes that hampered his mental acuity - he put kenya on transformative path - that has since the economy grow 7-8 times in 20yrs....from 12B economy to now 110B.

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:44pm On Apr 20, 2022
Epic drone shot of Nairobi elevated expressway as it near construction - about a year ahead of schedule. Incredible.

Those who think Joburg is far ahead of Nairobi need to come and check in 10yrs.


https://www.youtube.com/watch?v=pDvYvOf4xpQ
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:28pm On Apr 20, 2022
Tatu City - I was passing there today - Moderna 500M dollar investment will be set up there.

President Uhuru Kenyatta today in State House, Nairobi witnessed the signing of a memorandum of understanding between Kenya and Moderna to establish the first mRNA manufacturing facility in Africa.

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:25pm On Apr 20, 2022
PetroDolla2020:
Dont burst a vein..

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:19pm On Apr 20, 2022
The final stages of Nairobi expressway - flowers - all trees cut will be replanted back

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:17pm On Apr 20, 2022
Kenya is moving ahead...
PetroDolla2020:
Bla de bla.....nonsense

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:11pm On Apr 20, 2022
Long story short. Fix this. Copy kenya and have Tourist Police Unit. Tourist issues are unique and cannot be dealt by any local police.

Tourist Police Unit
The Unit is established to support the following functions of the Kenya Police Service in accordance with Section 24 of the National Police Service Act, 2011.
i. Protection of tourist‘s life and property
ii. Provide security and safety to tourists
iii. Handle and receive inquiries, claims and complaints by tourists
iv. Investigate tourists related crimes and prosecute offenders
v. Patrol beaches, hotels and tourist circuits street/roads used by tourists with a view of averting attacks on them
vi. Provide escorts to tourists
vii. Protect tourist from harassment by beach operators, parking boys and hawkers.
viii. To offer general advice and guidance to tourists
ix. Assist tourists during cultural festivals.


Kazikazi:
You won't succeed on killing the image of the island or TZ as a whole.It will be very hard for the world to believe to a naija girl.Besides that,you are using wrong methods. Imagine how the witches for the past 2 days have been busy hacking the website of Warere resort to the point that the attacks were too much until everything stopped working. And the same witches,more than 13,000 of them went to the hotel website and put the very bad reviews until the hotel was left by 1 star. But since we are the communists,we quickly turn everything around and all the star's are bad and we erased all those shithole reviews.

Zainab is a witch.
IF she wanted a fair thing she shouldn't have asked for 10,000 dollars compensation. She should 've asked for a court case. Nigerian embassy is in TZ,she should have gone there for assistance.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:18am On Apr 05, 2022
Agreed. This fuel subsidy is bone-headed idea that has never worked. Nigeria is good example. Kenya got it's first fuel crisis - just four months after the fuel subsidy. It's better to let people absorb the price increase than attempt to subsidize fuel prices.

Anyway we still have four months of this gov that seem to have completely derailed.

obaaderemi:
This is going to get worse. A lot of corruption is associated with fuel subsidy stuff.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 6:40am On Apr 03, 2022
This has never happen before. Some idiot in kenya gov decide to have fuel subsidy - that has messed up Nigeria.
GeneralDae:
rvp lies a lot, sometimes he doesn't even know what he's saying.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 5:51pm On Mar 29, 2022
Kilimani Nairobi - Joburg seeing dust

https://www.youtube.com/watch?v=_6NWEG5S5NQ
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 12:04pm On Mar 22, 2022
400,000 deaths? or meant 4,000 road accident deaths.
Jamestown123:
Over 400,000 deaths recorded in a single year in kenya. It's a serious case. But talking about obtaining a driver's license and corruption, to be truthful it's happening in every african country. Let's just face it. We just need to do more and also speak out.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 12:03pm On Mar 22, 2022
Quote that Bloomerg article mad cow.
Just40:
How is the Kenyan IMF program going ?

Even with it, you guys are still having a huge debt crisis
.
Kenya debt servicing is already taking 66% of revenue, according to Bloomberg.
Unfortunately for Kenya, it is not like Ghana that is benefiting from windfall from so many other places or that invested it loans into profitable ventures
.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 12:00pm On Mar 22, 2022
Pure madness - especially base rate is 17.5 percent now - that mean commercial interest is 30 plus now.

And dont be a fool like west africa - who get monthly interest rates -

Interest rate is annual - and therefore if you bank quoted 10 - just know you're paying 120 percent.


Ghana Bank Lending Rate - February 2022 Data - Trading ...https://tradingeconomics.com › Ghana
Bank Lending Rate in Ghana averaged 29.59 percent from 2005 until 2018, ... is the average rate of interest charged on short term loans by commercial banks ..

Just40:
Because potholes roads is a thing in your country, you think it's normal everywhere.

One, we don't have a debt crisis.
Two, we are enjoying a huge windfall period and all our debt investments have already began paying off.

We are not Kenya that took debt to waste on Frivolous things hence why your country is struggling badly from one debt relief to another.

Our interest rate hovers at 10 to 17% unlike in Kenya where it is 17 to 25%
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 11:09am On Mar 22, 2022
According to Reuters - you're teetering on collapse
https://www.reuters.com/article/ghana-rates/update-4-ghana-imposes-record-interest-rate-hike-to-slow-inflation-idINL5N2VO30Q?edition-redirect=in


Meanwhile, Ghana’s cedi has weakened by about 20% against the dollar this year, making it the second-weakest currency after the Russian rouble in a list of some 20 emerging market units tracked by Reuters.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 11:01am On Mar 22, 2022
Kenya roads are heaven compared to your potholed moon like surface roads.
Now tells me how you will maneuver the debt crisis - when already 2/3 of budget is going to paying debt.
Cedis is collapsing.
Interest rate is approaching 20 percent.
Sound like you can teach Zim and such countries how to do this.
Just40:
See how dirty your roads are, and the chaos even in your city center


https://www.youtube.com/watch?v=papUXpLXf8I

There's plenty of room for maneuver in the Ghanaian space... So many, such that we have to debate which one to take.

Unlike your country that is locked up with only one way to go.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018:
Ghana the mini zoo hikes base interest rate from 14.5 to 17% as the cedis continues to collapse.

Base/key interest= is what gov borrows at. You can expect commercial interest to be greater than 30 percent - as it must factor inflation, risks and profit margin.

Seem they are heading for a crush!

Ghana pays 2/3 of budget revenues for interest expenses. Second largest among emerging and frontier markets after Sri Lanka! Very little room for maneuver..
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 7:41am On Mar 22, 2022
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:11pm On Mar 20, 2022
Nairobi the Africa Capital Center - Joburg seeing dust earlier than thought.

Skycrapper roads and building.

PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 3:09pm On Mar 20, 2022
Your tax collection outside mineral is 5B or about - about twice Rwanda - with oil and gold - it goes to about 10B. Then your borrow annually about 7B to make budget of 17B. It's hard to have adult conservation with a mad cow like you.
Just40:
are they school children to be wearing uniforms?

People who have their own businesses and their petty shops or kiosks are empowered with business loans to expand by acquiring more goods or acquiring bigger shops to expand their trade.

This is how come, market women have become very rich to even enter into real estate and taking their kids to ivy league schools. It is also part of the reason why our poverty levels are low and our slum dwellers are very low.

I want to see this kind of progress in Kenya. So that Kenyan girls don't keep dreaming of marry Europeans before they can get out of poverty
.

We have a good 16 billion dollars tax collection excluding minerals whose income goes into their own funds. Despite the fact that you guys almost have twice our population, your tax collection is below ours.
PoliticsRe: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 12:20pm On Mar 20, 2022
The same informal sector can be formalized. Formalized mean if it's hawking - they need to be registered - it's need to be orderly - probably organized into cooperatives - wearing uniforms - it need to respect the right of business owners - you dont just come and set up infront of someone else shop - who is paying taxes. They can also agree with shop owners on time to operate - maybe from 5 pm - when they close shop - they come and set up in the streets.

This what happens in most developed cities - street vendors are allowed to operate in late hours and weekends - then they fold their stuff and disappear in the morning- and then 8-5pm - you let formal business generate taxes.

Otherwise you gotta Ghana like situation with formal sector totally non-existent - and cities look like cattle kraals. Your have almost zero tax collection outside minerals like Nigeria - because formal sector pay taxes - the street hawkers cannot.

Just40:
Yes they can

People create sustainable businesses out of it and build house and own cars out of it.

That's is good wealth.

Maybe l, when your govt starts helping Kenyans instead of Indian monopolies, you will finally seen Kenyans rising out of extreme poverty and finding homes instead of being homeless or having dreams to marry Europeans.

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