₦airaland Forum

If Raila loss has not given you an heart attack how will this give me one
I am enjoying myself.
And I have a job you can only dream of.

Obiano13:
Find yourself a job Kipmeno. This thread will give you a heart attack.

When you buy something for a dollar.
You're buying it's liabilities.
1 dollar is just because it has to be sold for something.
Otherwise you're buying debts, unpaid suppliers, unpaid employees, expired licenses

This is not something to be proud of.

Just40:
We've already been running it for 2 years..
Next joke

Mad cow.
NCA is a regulator.
In kenya we have it CA.
It not owner of spectrum.
Spectrum is owned by Ghana public and the regulator sells/leases/license/manage it.

Every country has their own CA - the regulator.

The problem with these west african double track education bonobos.

How DENSE can you be?

Just40:
yes we did for just 1 dollar.. yes it's operating with 10 million subscribers. Every Telkom In Ghana is own by NCA even without portfolio holding ... The operators are just managers of the spectrum which they lease.

That is the kind of smart contracts that the govt of Ghana sell

You needed to think about the number of bitter people you would evict to create such a big lake.
It bankrupted Ghana and has continued to be the albatross on your economy
VAR history of making losses means it worthless.

Very worthless

VRA makes GH¢156m profit after 9 years of losses - SIGAhttps://siga.gov.gh › Home › News & Insights
Dec 15, 2021 — The Volta River Authority (VRA) has made a profit of GH¢156 million in the 2020 fiscal year, up from a loss of GH¢127 million the previous ...

Just40:
That flooding created the largest lake by volume in the world providing water for irrigation.

It also created a large company that Kenya will be happy to have. Unfortunately Kenya does not have the money or a company that valuable to compare with.
The likes of Franklin Templeton Investment will be happy to own an asset worth 30 billion dollars

Just40:
The Ghanaian govt compel them to merge and the both had 5 million subscribers before merger. That's 10 million subscribers under it

Already read...a dollar..I guess it raked up unpaid debt.Let see if you will run it.With your bonobos in gov I doubt it will last 2yrs

I see you bought AirtelTigo for a dollar..I doubt it's operating .VRA is worth the same a dollar...because nobody will buy a loss making machine ..losses in six years in a row https://www.bloomberg.com/news/articles/2021-04-30/ghana-seeks-to-stabilize-airteltigo-after-buying-operator-for-1

Just40:
Yet VRA fuel business revenue flows is around 2 billion dollars . is that not more than 10 times the size of your kengen?
That's the amount it it spend acquiring fuel for various companies including private companies in various sectors.

Investors were busy lining up to buy VRA off in 2017 but for the vigilance of Ghanaians. The likes of Franklin Templeton Investment with 1.3 Trillion dollars in asset under management, a fund that is friendly to the Finance minister of Ghana.
These guys were busy lining up to buy off VRA

usual madness throwing usual figures baboon

Just40:
crazy kid

Keep making noise.... You'll need to combine all the things that Kenyan govt doesn't own inorder to compare with VRA.

We don't want a piece of that crap .. Buhari should seize it next you can't pay for gas if debt holders don't.VRA bankrupted Ghana in 1962 and send Kwame Nkrumah to exile...gave you military rule until 2000s.. bankrupted you in 2015...and now again.That thing is a curse.You should have compensated the land owners you flooded their farms with Akosombo dam.Kwame just flooded thousands of people farms and soon bankrupted Ghana..died in exile..and the curse continues.Try to compensate those people their golden stool drowned

Just40:
The Ghanaian govt own 100% of AirtelTigo business.

Your Safaricom can't be compared to any of the companies you want to compare it with.. First manage to own 100% of it and then we can start talking about how you'll compare it to Ghana Gas which is valued at 15 billion dollars.

Why it it called airtel and tigo two external brand.Kenya gov own 100 percent of Telkom kenya plus 35 plus custodian of public in Safaricom.kenya gov picked the CEO.Every sector kenya gov operates.This is not a zoo

Just40:
You're not smart... There's a difference between VRA and VRA group.
VRA is never made a loss but the group holding for 5 years. The group holding has several obligation to bring various energy assets under it umbrella.

VRA has the ability to hold payment when obligations are not met.. Revenue flows in it fuel business alone is worth 2 billion dollars.. VRA just paid 750 million dollars to Ghana gas for fuel supplied and paid NNPC of Nigeria for it gas after both companies settled their obligations to each other.

VRA has gone on to reduce gas demand from Nigeria to just 50scfd because Ghana Gas Sankofa gas field has come onstream. An 8 billion dollars investment from GNPC to develop with VRA as a priority offtaker...

These monies are too large for any Kenyan company to fantom

You don't make any sense at all.VRA has made six years of losses, can't pay for gas without waking sleepy Buhari and has indebted & now sunk your economy twice in a decade..in 2015 and now..that thing is not only worthless...it a strain.If you to IPO.. nobody sane will buy..even if you value it at dollar...it going to do right issues immediately or capital call of billions .It's not even worth a cedi.. single cedi..it's negative

Just40:
VRA has been profitable for more than 50 years ... Ghanaians kicked against it listing because we saw it as a way of privatizing it in 2017.

There's no need listing a company that is privately run and can borrow on it balance sheet

madman if we can't even agree on basic verifiable facts that it had made six years of losses and just got first profit of mere 120 m cedis then surely we are just heckling like west African bonobos in the zoo

Just40:
he is mad

He's comparing 35% ownership to 100% ownership here.

Madcow unlike west African baboons now pleading with MTN not repatriate profit...we own telcom sector... because when Vodafone came in 1990s to start mobile..like everything we demanded more than 50 percent shareholding..they got 35 percent and Kenya gov got 60 percent..moi got 5 percent..Kenya gov then sold 25 percent to Kenyans .IPO attracted a million subscription... nearly everyone got a piece of it.There was so many shareholders safaricom AGM are held in stadium but now online... everything had to change because a million shareholders

Just40:
Fortunately, VRA is properly run like a private company and has borrowed on it balance sheet to own several assets. Which has made it a very large company by valuation.
Because it is properly runned, we opted not to list it in the stock market for now until we urgently need money.

Now the story has changed.Facts are stubborn.Quick google fact checking mad man is enough to know VRA has had six years of losses...can't even pay Nigeria for gas without waking sleepy Buhari to fly to Ghana and demand payment..not only making financial losses, indebting Ghanaian and now causing diplomatic rows.You can't compare to kengen flying Kenya flag high as it wins geothermal contracts abroad

Just40:
Kengen only has 1,200MW

Kengen is value at 170 million dollars with revenue flow of 370 million

That's peanuts

If we decide to list VRA, GNPC, EXPLORCO, Ghana Gas and Gridco alone on the Ghana stock exchange... They will easily drive the stock exchange to be 120 billion dollars worth.

We have shelved those decisions because those companies are already managed like private companies and are able to borrow on their own balance sheet while govt just becomes a guarantor.
Out of Ghana 54 billion debt, these companies own 34 billion of it on their balance sheet.
In actual sense, Ghana govt real debt is just 20 billion dollars.

Nobody will allow a loss maker to be listed ..that sure way to kill investment of poor people...make them profitable first for at least five years.For now you can quote any random number your deranged mind can think about

obaaderemi:
The ninny is fighting a lost battle as usual. You don't compare a stupid $8bn company half owned by foreigners to an oil company with reserves of crude oil.

DRC is worthy 40 trillion in reserves but I won't buy it for a dollar.NPP has made losses for fourthy years because it worthless .Every country has those reserves of minerals...but nobody serious can value such as wealth...until you extract and sell it profitably..Npp has failed for fourthy years ... just imagine 40 yrs

obaaderemi:
You are not smart. The valuation of Safaricom is less than$9bn. How can that ever compare to NNPC with it's vast assets and oil and gas reserves? I used to think you were different from the likes of suffering smiling, the shema.le and gallipig. Now I see no difference.

A loss making company for 40yrs being propped by external borrowing is worthy negative...it costing you.Safaricom shares will go up once Fed reduces interests and foreign investor return.Safaricom is a jewel and Npp a burden.You think just because Saudi Amarco is big the Npp is big...why the forthy years of losses.Obaboon 40yrs Npp has made losses

Just40:
VRA has made profit every year since it inception... The VRA which has several companies under it mandate made loses for 5 years of power crisis in Ghana ending 2018 because of it investment mandate in several gas projects in order to switch from HFO to gas which brought their valuation to 24 billion dollars in 2020 and currently at 30 billion dollars in 2022 after acquiring more.

Go to bed... Nothing in Kenya is as valuable as GNPC or VRA or Ghana Gas ..
These are the companies that have been repaying all of Ghana debt since 2010. And they've chopped a greater portion of Ghana debt.

VRA has made losses in six years...that stubborn fact and just made little profit last year.Nobody will want such piece of crap however it's potential.Secondly why is your gov borrowing money for you SOEs.No wonder you're ever bankrupted.In Kenya SOEs borrow and pay for their debt...gov is just the guarantor sometimes..and rarely step in
VRA if it was profitable and we'll run would borrow their own money and repay but because it's worthless poorly run it's saddled your gov with debt.I was wondering what mad man was ranting about borrowing for profitable venture...in Kenya we borrow to build roads or such...not to invest in SoEs.SoEs borrow their own money from commercial banks. If kengen want to build a power plant they go to say Japan and borrow if they can't meet all the money...Kenya gov is not even aware that it will borrow when or how... those details.. unless it starts to struggle

Just40:

He was trying to compare kengen that is worth only 170 million to VRA, inorder to do that, he must devalue VRA so kengen can match.

That kid is crazy as F

VRA installed capacity of 2600mw has made losses in six years in a row ..kengen 2000mw has never made loss in it's history..it shares floated..it now a world leader in geothermal power that is contracted by other countries to dig 5km rigs inside the earth crust.Kengen total revenues are 600m dollars ..VRA is a loss making thing no sane person will buy..first let it be profitable before you think it's of valuation.

Just40:
Crazy takes as usual

All because kengen in Kenya is only worth 170 million dollars.

Boy, VRA tentacle in Ghana runs deep oo.. for instance
All govt own thermal units were transferred to them.

They are spending 2 billion dollars yearly on fuel alone.
That is more than 10 times the value of you worthless kengen and the value of your largest company.

Go to bed again, maybe you'll wake up at the right side of your bed

It easy to know the value of an asset because it's not unique to Ghana...you can use kengen which is floated as model..you can use Eskom...you can use hundreds of such utility companies to know it's worth.VAR first has to make at least 5yrs of profit before it can be allowed to be sold say through IPO because as of now it's worthless piece of indebted crap that has been making six years of losses.Who will buy such? How does a utility company like that makes losses? It can't even pay for Nigeria gas and you're talking thermal units.Youre typical west African baboons

obaaderemi:
You deserve an award for your undiluted stupidity.
How can a sane human being compare a company like Safaricom to NNPC, a company with assets in oil and gas? NNPC is worth more than $50bn, probably more than $100bn if you factor in its oil and gas reserves. One of the best things Buhari did was to make NNPC a private company.
Its declared profit last year is higher than Safaricom's . It's madness to compare the two. I wonder how we've put up with a lunatic like you for years. Raving madman.

Idiot, your Safaricom is a small company worth less than $9bn. Where's $18bn coming from? Your ass as usual?

It's worse than we thought.

Learn to read carefully... Safaricom at 38 was worth 18b...there is bear market globally and therefore it's value is depressed.The company valuation at start is assets minus liabilities plus ability to make profit..NPP has just made profit once in 20yrs that Nigeria senators says it was sleepy Buhari cooking books.That thing is useless because it's made losses for 40yrs.Try to IPO or sell it so you know the price

obaaderemi:
You are not smart. Dangote is in the hands of Nigerians. More than half of Safaricom is in the hands of foreigners. So as an SOE to Kenya, Safaricom is not as significant as you make it sound.

Western African education need to be scrapped.10 percent of some companies like say Amazon is worth how much bloody slowpoke.Kenya gov owns 35 percent of Safaricom that was valued at 18 billion dollars...gov if it sold it shares then would have made 7 billion.Kenya gov owns shares and companies in almost every sector unlike your broke Nigeria gov that has broke NPP and nothing much.Kenya gov will float many of it SOES and raise billions... including revamping Telkom Kenya that was bought back for a song..fixing KQ and so many others...name any sector kenya gov is in it.And Dangote is not Nigeria gov or public money..that private individual.. your pride is misplaced...you don't own anything he owns..but I know safaricom because Kenya gov owns part of it.

Just40:
according to according to kpmg on energy assets..

VRA has 30 billion dollars in plant and fuel securities asset plus equity in other firms

KPMG are not mad like you n would never do that... Eskom south Africa with 40,000mw is not worth that ...even US biggest Enron was not worth that.VRA is worth about two billion max...with it's debt..a billion.2600mw times cost per unit of cheap hydro per unit..3 cents USD is why VRA is worthless loss maker..I doubt it total revenue exceed 500m dollars..and I am not surprised it's taking losses

Ethiopia one will have 6000mw at 4-8billion dollars therefore we can value Volta at 2 billion minus liabilities.That loss maker is worthless

Just40:
Yet no Kenyan company come close to VRA in Asset valuation... That make Kenyan companies look like shit .

These are the biggest companies in asset valuation in Ghana

GNPC and Explorco - 40 billion dollars
VRA - 30 billion dollars
Ghana gas - approaching 15 billion dollars with it new Sankofa lines
VRA had to make loses because of all the acquisitions in assets that the govt had to force on it neck.

Your kengen is just a small company

Valued by who madman and where?You're just poor country who get impressed by nothing.Assets that generates six years of losses n produces 2600mw...half from one dam...that not worthy even 5 billion dollars considering it's liabilities . Ethiopia grand dam for 3000mw plus was built for 4 billion dollars...so give n take VAR minus the liabilities would struggle to get a billion dollars in valuation

Lekki phase 1/2/3 are opposite VI. Stop being a typical nigerian. A con.

If I was to go buy Universal Homes - coz I know the owners and have bought in Nairobi - Lagos its very far.

Lekki you're showing is just opposite Victoria ISland.

68816419:
Lekki city -Lagos. 755 km² the fastest developing areas in Africa
Lekki City is five times bigger than the Nairobi CBD, Westland, and Upper Hill combined, and it's even more developed than those districts. The one advantage the Nairobi CBD has over Lekki is its high-rise buildings.

https://www.youtube.com/watch?v=ZLdBP6roE9o

There was drought in Europe this summer and people suffered. Farmers, fires, heat waves, name it.

During the summer of 2022, parts of Europe experienced drought conditions exacerbated by heat waves.[1] On 9 August, a senior European Commission researcher said it seems to be Europe's worst year in 500 years.[2] A report from the Global Drought Observatory has confirmed this.[3] The drought had serious consequences for hydropower generation and the cooling systems of nuclear power plants, as the drought reduced the amount of river water available for cooling.[4][5] Agriculture in Europe was also negatively affected by the drought.[6]

vankelvin:
[b]
Progressive countries don't see drought as a disaster anymore

Drought is a natural disaster like Earthquake or Flooding.
You can build a dam - but it dries out if rains fails for 4yrs.
The water simply evaporate out. Those in lakes become salty.
You need to understand the complexity of these things.
Kenya is not looking for excuses.
We have grown our economy despite all that.
We have africa largest non-mineral economy - and large agricluture - despite all that.

Focus this misplaced anger on Ghana....blessed with gold...only country named GOLD COAST.
You have mighty river Volta dividing your country.
You have oil, aluminumum, name it.
You entire land is arable.

Why are your POOR? WHY?

vankelvin:
Tell your fellow k-nyansh man to stop giving excuses for the ineptudness of your leaders

Enough of the arid land stories

Why dont you come and do it. Kenya is free land. Come, desalinate it, farm on it and make money. We will give you citizenship pronto. And maybe Turkana will make your their first King. The kunte Kante from Ashanti.

vankelvin:
[/b]
Simply put your country is too poor to embark on such project. Those foreigners who keep investing in Nairobi and Mombasa are not interested in your Turkana regions else
they would have done it simple

There are small desalination plant all over - for drinking water - including in kenya.
But for irrigation - now that is crazy

Small plant like this in Vipingo city of kenya....for drinking water.

https://www.youtube.com/watch?v=jQbZ9HOMfpw

vankelvin:
[/b]
If this is how being educated looks like then I would rather not be educated.

Water desalination is done by African countries as well, it's not only Oil baron countries that do it mumu

No I live in a cave. Desalination for small projects are all over. To scale is very expensive.
Go back to proper school

vankelvin:
Excuses as usual
Have you ever heard of Desalination before?
Libya, Morocco, Egypt, Ghana etc have desalination plants that treats Sea water and the water is drinkable

No one asked you not to think through issues or go to proper school
You could have gone for a single track education and concentrated - cost-benefit analysis 101
Desalination is very expensive - only done by Oil barons like Saudis.
Turkana sits on a huge aquifer - but economics of desalination dont make sense.

vankelvin:
No one has asked you to drink it
It can be desalinated and used for irrigation farming

Most of kenya lakes along the rift valley including Lake Turkana there has salty or brackish water. Not drinkable by humans. Without expensive desalination. This is not Lake Volta. That is world largest alkaline lake. Some like Magadi is full of Soda Ash. The rest too salty except for Flamingos.

Salty water dont just exist in the sea - they exist in some of these inland lakes without outlets.

vankelvin:
[/b]
There he goes again with his 1845 mentality. Even desert countries are transforming their deserts into farm lands. They are making use of the sea and any water body available.

What is k-nyansh also doing with this water body in the heart of your so called arid land?