₦airaland Forum

samorobo:
Okay I see..you're prefer if it was in Lagos the commercial capital....
Anyway I get your point but I strongly believe Anambra is also a good location same way investors also share my sentiment before investing..I mean they must have run some feasibility study.. ..

Anambra state has two cities/town which are onistha and AWKA...onistha is the commercial hub of Igbo land...all Igbo from neighbouring state comes down to onistha to trade and get stuff back to their various state...to them it like their own Lagos with the bustling commercial activities...I think the biggest market in Africa is either in Lagos or onistha..I am not sure but it has to be one..if it Lagos then onistha comes second and vice versa..

Let me chip this in a little..igbos majorly run the import and export business in Nigeria...Even here in Lagos their presence in that sector cannot be rivalled by any other tribe... for decade they've been clamouring for their own seaport or cargo airport from the federal govt..FG has heard that cry and is working on the closest port to igbo land which is the onne port in rivers states...with this cargo airport and inner seaport they can be able to trade Internationally without having to come down to Lagos and eventually settle....most igbos in diaspora run this kinds of business but they all have to do it via Lagos cos of the infastructures here favours their business...they feel it would be safer and easier if they can just run it in their states along side their family while they remain in Europe or anywhere else transacting the business with their people back in Nigeria on their soil...

What export..talk about impoort business

Saddamochieng00:
You must be one very dumb motherfvcker. Do you know that 1km² of Kigali development is much better than whatever city you have over there.



How dare you compare a chicken coop with Africa's cleanest city. Are you out of your mind idiot


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

Ghana is hopeless

Why not give it to Dangote and see if he can turn the magic.

Abohboy:
Yes it can and it will, it will cost 1.5 billion dollars and it will produce over 4 million tonnes of steel per year, they will then fix the delta steel plant which will produce an additional 2 million tonnes of steel.

Can that rust belt be rehabilitated to produce steel billets really?

Abohboy:
The thing is, the rail line carries raw iron to ajaokuta where it is refined than it is exported at Warri port. You should do more research before spouting nonsense. They are going to extend in to Abuja as well.

That is your fellow communist backwater Tanzania where witchcraft is also very rampant.

Just30:
which voodoism

Guy you are crazy

Guy, having a sense of humour to all things aint voodoism.

Voodoism is when you think Albinoes can bring you money

Heard its precious commodity in your country as well.

I wonder what would befit you? You guys have a lot of time on your hand. The hq of africa voodoism and witchcraft. No wonder your country look like a magician hovel.

Just30:
At least they could afford a funeral, a casket and a befitting burial

I know you are hurt but that casket looks beautiful.



You are still living in your primitive poor starving country that import casket on all the things your country import.

Passenger rails in middle of nowhere cannot generate revenues. You need to focus on Lagos. Federal gov need to really invest there. It could provide the non-oil revenues you really grave for.

68816419:
God bless the Giant of Africa
@RVP: The Warri-Itapke Railway renovation project with 12 new stations and refurbished tracks , was paid for by Federal Government and not done with a loan programme. It will generate revenue to govt.

Historically the most brutal. I think COVID-19 is a more plausible cause. We wait to see what will happen in North Korea republic of Tanzania. The real North Korea might escape because naturally they are in lockdown always.

Austine1213:
Brutal winter we had, very cold

Wondering where Ghana has invested her thoughts and ingenuity - elaborate funerals.Vaxx died recently and was buried in this coffin - to epitomize her career as an international ashawo in Germany - Sadly the poor family couldn't afford the famous Ghanian dancing ball-bearers - and had to do with local dancers. The primitiveness in Ghana is on another level. They paid 76B dollars for a golden stool

South Africa saw 17K more deaths in last Q - one wonder how The republic of North Korea Tanzania is coping.
https://www.standardmedia.co.ke/africa/article/2001379829/south-africa-59-excess-deaths-imply-hidden-covid-19-toll

Exactly. Rural South Africa, townships and the slums dominated by black south africans would put them at totem pole like Lesotho or Swaziland. Not much difference if you ask me btw KwaZulu Natal and Lesotho.
[quote author=kevomtaani post=92013662][/quote]

Shaytun:
Heaviest road transportation ever done in Africa

Hopefully Dangote will eliminate the dystopian zoo shame of being the only OPEC member to import petroleum.That should save Nigeria at least 6B dollars.

It obvious they are scrapping the bottom of the barrel. Can't even get near Tanzania leave alone Kenya.

popizaino:
It really saddens my heart that a Ghanaian will talk of poor rural area when yours is much worse than kibera.Who are you fooling for crying out loud bikonu? You soil every dicussion with your cheap lies contradicting everything in reality.Ghana is truly hopeless if you think your country can measure up with Kenya in development.

I guess thanks to COVID-19 funds from IMF and WB - Ghana can now hide behind the global recession.

Just30:
I guess you dont know that we are in 2020

Ghana reserves in 2018 dropped to 5.3 billion dollars.

Fast forward to end of 2019 and it was 10 billion dollars

before dropping to 8.3 billion dollars as quoted in the Apirl 2020 IMF’s Article IV report.

Below it is
next time get reliable data.


According to the IMF, your usual saviour, Kenya is facing a precarious Balance of Payment issue.

He is making lot of money in speaking gigs all over africa. In Kenya - he is washed up. He was given an opportunity to become our Anti-graft tsar and he failed. Long in speeches and short in action.

He is therefore pampering Nigerians so he get more speaking gigs - including lecturing their parliament and president.

mtisTheQubit:


have noted that west africans love ths guy...i met a liberian an the first thing he asks is about lumumba..the truth few kenyans give acrap about him here..but he a nice guy

IMF your daddy again....says clearly that you have no forex reserve and have converted soverign wealth into forex reserves

https://ghanafinancialmarket./2020/01/31/imf-disputes-bank-of-ghanas-us8-bln-gross-intl-reserves-figure/
he International Monetary Fund (IMF) has raised concerns about the Bank of Ghana’s definition of the country’s gross international reserves, saying the inclusion of oil revenue makes the figure overvalued as it cannot be readily available to cushion the economy from external shocks.

In the Bank of Ghana’s Statistical Bulletin report for the third quarter of 2019, the gross international reserves stood close to US$8billion and 3.8 months of import cover.

However, in the IMF’s Article IV report, the projected reserves for end of 2019 will hit US$5.1billion with an import cover of 2.4 months – a difference of nearly US$3billion, and also falls short of the 3-months rule-of-thumb benchmark.

And Ghanian proffesor agrees

Commenting on this, Professor of finance at the University of Cape Coast-Prof. John Gatsi, said the position of the IMF is right, as the Petroleum Revenue Management Act (PRMA) does not allow oil revenue to be made readily available for use if there is an urgent need for forex.

“The reason why capturing oil funds as part of international reserves for the purposes of demonstrating that your international reserves are capable of covering your imports over a period of time – an average of 3-months – is not acceptable for the IMF is that such money won’t be available for government if there is need to use the reserves to cater for immediate use.

Just30:
now you have divulge into the usual name insult territory of the typical kenyan.

Ive countered you with facts.

Dont worry, in 2030, your country may come out of it annual BOP issues.


lying idiot from zombieland

Hobbit, you're a specimen of stupidity.

Just30:
keep playing stupid

Our Usable forex now stands at 12 billion dollars when you add oil money
which is 6 months import cover.


This is according to the IMF for your country

Staff estimates that the CA deficit narrowed to 4.5 percent of GDP in 2019, compared to
5.0 percent of GDP in 2018, mainly reflecting lower imports of capital goods, food, and oil.
Foreign exchange reserves stood at US$8 billion as of March 27, 2020 (about 4.4 months of
2021 imports), helped by a US$2.1 billion Eurobond issuance in May 2019

Learn to distinguish USABLE forex - from just any forex - like you Central Banker is desperate to do.
IMF GHANA on Jan 2020. Import cover 2.5m. BoG - 3.5m (including soverign wealth - which cannot be 'cashed' out at will',

Kenya macro-economics have always been solid.

Kenya - latest - we are on 9.9B
https://www.standardmedia.co.ke/business/article/2001377940/cbk-forex-reserves-up-to-11-month-high
As of Friday last week, official foreign exchange reserves (forex) stood at $9,717 million (about Sh1 trillion), the highest since July 18, last year.
This means the country has the firepower to comfortably import goods and services for close to six months.
“The usable foreign exchange reserves remained adequate at $9,717 million (5.84 months of import cover) as at July 2," said Central Bank of Kenya (CBK) in a Weekly Bulletin.

Just30:
That is the April 2020 update of the IMF kiddo

suck it up

When we add oil money, our reserves hits 12 billion dollars.

Lie no more

Forex reserves fell by $61 million in the week ended April 16. They now stand at $7.913 billion (4.78 months import cover). This is just above the EAC convergence criterion of 4.5 months import cover & CBK's statutory requirement of 4 months import cover,’’ CBK said.

40% of South Africa is rural. Typical RSA rural house (exclude the boers) is the African round house made of grass and mud. That is what you see from Limpopo to Kwazulu Natal to the entire Cape.

jln115:
And how did you come to that conclusion?

Africans are just primitive. The clay is all over and all they need is to mold it - and turn into roof, walls and name it. Yes Rwanda rural is very beaituful - but sadly the art of making clay tiles is giving way to cheap iron sheet.

Minxie:
Oh really? wow I never knew that. Thanks for sharing these houses are also great. I think I will look into them, thank you

Without dates - it useless. As of January 2020 - IMF - declared GHANA had 2.5m import cover. Kenya is on 6 months now. Don't fight facts. They are stubborn things.

Just30:
My Forex reserve according to IMF is 8.3 billion dollars excluding oil money which is 4 month import cover.

Lie no more
There is is below

Kenya Forex reserve is at 5 billion dollars according to IMF.

Compare South Africa rural and Rwanda Rural. South Africa, Lesotho, CAR, South Sudan and maybe Chad cluster together. 25M South African live in the Africa round house - and at least South sudanese or CAR own their land.

Now imagine living in grass-thatched, mud-walled and floored house - and owning no land - no cattle - just surviving as worker in boer farm

Rwanda rural is incredibly beautiful. Sadly like you can see in the picture - terracota clay roof as giving in to iron-sheet - which will soon form the rust belt.

I am not IMF. Your forex reserve if we exclude the oil savings is not enough to meet the recommended 4 months of import cover. In Kenya we are doing 6 months - nearly 10B dollars.

IMF says 2.5 months cover. Your central banker claims 3.5 months. Not enough.

Just30:
Boy you can lie oo


As at March, Ghana forex Reserve without oil money was 9.8 Billion dollars.

According to IMF in the June country update, Ghana forex reserve is 8.3 billion dollars.

Lie no more

we are not Kenya whos Fore reserve has dropped to 5 billion dollars.

Rwanda rural - country of thousands hills - with well lined farms and terracota roofed houses - sadly some are now resorting to iron sheet having forgotten how to make clay tiles African has a lot of evolving to do.

It's easy to find statistics of grass thatched, mud-walled and floored rural houses in South Africa.

In Rwanda - rural houses are like this. Yes there is poverty -but it's still is beautiful.

Austine1213:
Wow im fascinated by the house, i gues ill have to travel deep rural , cos ive never seenseen such places

1) Roofing -It goes like this grass - iron sheet - tiles. You're in stage 1 in roofing. I am not talking a few resort like we have in kenya. I am talking rural development.
2) Walling - you're still in mud walls
3) Flooring - you're still in mud flours

After we dispense with rural housing - we can talk about small-holder agricluture - not large scale boer farmer - and we can talk rural roads, water and electricity

Austine1213:
Lol

This is from your daddy the IMF

Gross international reserves stood at 2.7 months of imports in 2018, lower than the three-month rule-of-thumb benchmark and the norm of 3.6 months estimated by the model for resource-rich LICs (Lower-Income Countries) with a flexible exchange rate.”

IMF said this in its country report for the country.

Figures in the report indicate that Ghana’s gross international reserves for 2019 were $5.1 billion, about 2.4 months of imports cover and forecasted to reduce to $5.01 billion in 2020 but increase slightly to $5.06 billion next year. This is equivalent to 2.3 months of import cover.

Just30:
boy
we dont have BOP issues

cant you see, our export is way higher than our import ?

Our forex reserve without the addition of oil money has dropped from 10 billion to 8.5 billion.

that is fast higher than your country reserve.
funny kid.

in manufacturing, your country hasn't even began and that in why your import is almost 4 times you export.
The total manufactured product export of your country is less than 700M

In rural development - South Africa is next to South Sudan and Central African Republic - Lesotho.

Yes Rwanda rural is something - the hills and the terracotta clay-tiled roof houses - is better than your grass thatched houses. You should visit.

Kenya rural development is up there - definitely better than South Africa.

Austine1213:
Lol wow if Rwanda is number one in east africa, then east africa is doomed

Yes Rwanda rural is enchanting - and it's lined with clay tiled houses. Very beautiful.

Austine1213:
Those pictures i posted are from rural limpopo, and north west,


Lol yes in rural development in kenya follows Rwanda in east africa

In addition to that Kigali urban houses can't compete rural houses in venda

Yes but they rot fast and catch fire. You can easily make clay tiles - using the dirt from your ground - and have more economically, more cooler and name it roofer.

If you visit Rwanda - you'll see clay tiled houses - sadly they are giving in to iron sheet.

Rural rwanda is just beautiful - with rolling hills.

Minxie:
I absolutely love those houses! It's very popular and the design is beautiful. I definitely wanna incorporate that style into my own house. It's why I love South Africa, people promote their cultural heritage and don't shame it in an attempt to be "modern"

You won't be having balance of payments issues if you had good handle on trade. Your forex reserves are not even 5B dollars. I saw you included soverign funds in the forex reserve because without it - you have 1.5Month of import cover.

Don't talk about manufacturing - you are still in stage 1 - import substitution.

Just30:
yes our 2019 export dropped to 18 billion from 20 billion

our processed goods export is more than you country total export

you can stop making noise you.

we have successfully reduced our import to 12 billion dollars while increasing our exports.



our mineral export is 40%