₦airaland Forum

Maize and beans dont amount much in GDP. When you start moving to more cerebral stuff your GDP will one day match kenya - but it very likely we will have twice as big as your GDP.

Case in point - construction - > Cement production in Tanzania reached roughly 6.5 million metric tons in 2021. The volume increased from 5.6 million metric tons in the 2020. Kenya is approaching 10 million metric tonnes.

Kazikazi:
Ruto came and slashed that fake budget by over 3b dollars.Why? It was fake,artificial budget which couldn't do basic stuff like fighting hunger.
Very sad.You come shouting about big budget but at the same time people are starving? Can't u see a fake budget there?
Things are tough.You have reached a point of eating uneatable stuff like chameleons. Why can't you come clean by saying about the true size of your economy? How can u lie about having a bigger GDP than TZ but your lives is terrible?
Sad.Very sad

That is a lot of money in the bank - kenya last I checked central bank cash reserve ratio is 20% - so banks can lend to folks. Nigeria 33% ?

GeneralDae:
Fitch says Nigerian banks can withstand the depreciation of the naira 
“However, the CBN has also increased banks’ cash reserve ratio by 500bp to 32.5% to mop up excess liquidity, which dampens earnings. We estimate 18% of bank sector assets at the end-2021 were unremunerated cash reserves at the CBN – an opportunity cost worth about 20% of banks’ operating income,” Fitch added.

They have a year or so before Ruto let it sink. It likely it will be let to sink. Before then I think Kq should fire all the pilots. Hire new ones - cheaply.

Kazikazi:
Kenya airways pilot's are on strike. A huge mess is being unfolding....

You're rambling on many tangential issues it hard to put a handle on your main argument(s).
At end of the day it's about PRUDENT PUBLIC FINANCE MANAGEMENT.
That is job of the finance minister.
It does matter if you're as poor as Burundi or as rich as Kuwait.
You got XYZ money - you have to plan for it prudently.
And this Ghana failure - they didnt manage what they have.
Managing include debt management - knowing when/where/how to borrow
Otherwise, what you've written is nice wish list - of things Africans should do.
But where are where we are....and have to steady the boats (by prudent management of public finance & macro-eonomics)
Before we can dream of doing other things.
If the boat leaks - you're dead.

Again you could be rich as Argentina or Greece or Portugal - but if you mismanage money - build vanity programs - you can go bankrupt.

Kazikazi:
Son, that is just one issue,he didn't take action at appropriate time.
But have u tried to think what led to all these high debts and today's inflation? Surely it wasn't all his faults.

They are importing fuel while the same country is an oil producer. Do u know how much affects them,and how can that be allowed?

Go to agriculture, how many foodstuffs and industrial raw materials are imported while they should be sourced locally?

The cedi. Do u know it wasn't floated for all these years? Why? And how much is being wasted to support and stabilize it?

Economic figures.Export is recorded as very high but at the same time the cedi is looking value.How? Someone should be honesty and make it clear about how much they are really ecporting.

GDP.Since GDP calculations involves export minus import,and by quick look we can easily say the ecport figures are not adding up,then why should we believe their GDP?

Living beyond your means.Africans hates the truth.all those borrowings and debt came due to that,but why should we blame one man alone while it is clearly known he isn't the only one to blame because the folks were already lied about their true status of their economy?

You have not signed IMF deal yet - because you're taking time to process and stomach IMF conditions. At least Nana now has accepted IMF program inevitability. The conditions are coming...wait for them.

Kenya has very soft IMF conditions - because we went in with everyone during COVID- South Africa, Nigeria and name them .

As for subsidies - there has NEVER been subsidies in kenya - this was Uhuru voter bribery attempt. The maize was introduced a week to election. Fuel subsidy started I think April in 2021 and lasted one year. It was not really supposed to be a subsidy - the money was to come fuel stabilization fund and was for diesel only - but as election approached - desperate Uhuru turned into a fuel subsidy.

Uhuru of course lost with his project and Ruto was quick to terminate it.

Just40:
There are no conditions from the IMF under the program I've seen. They are only going to restrict govt borrowing and with their negotiation with the opposition party, there will be a breakthrough for the release of funds from Ghana sovereign wealth funds to end the liquidity issue.

Unfortunately for Kenya, you guys are suffering from the full force of the IMF with all kinds of conditions that has force your govt to cut subsides which were the back bone of your economy without preparing your citizens for the shock.
IMF managed to force your govt to cut spending on it pro poor policies which is causing more suffering in Kenya. All because the Kenyan economy was dead when it approached the IMF in it debt crisis.

Yes I think Aboriginal khoisans & others in Africa have asiatic features - short, yellowish skin and scanted eyes - you can almost tell Mandela is half bantu half khoisan.

kikuyu1:
Errrr....no. Fyi, epicanthic eye folds are common in these parts. Offhead I can think of several Kikuyus and Kambas with Asiatic eyes. Though ofc these eyes are almost endemic down South.
Here's John Garang and a G grand son of Mandela.

But looking at kenya tribal setup; it not that different from Tanzania; we have relatively small tribes; kikuyus at their apex were 23% - now down to 17% - that is largest. The thing as politics become competitive folks will create alliances; we have GEMA; Kalenjin; Luhya; name; all attempt to create bigger tribal groups; like Nigeria North or Igbo or Yoruba - which really amalgmation of small tribes to mega tribes for political negotiation and horse trading.

So there is no doubt that Nyerere tried to unite and create a national identity from a splintered country of small tribes - as there is also no doubt he bankrupted Tanzania.

Nyerere did all this with GOOD INTENTIONS and utmost good faith. He retired owning a bicyle and one house. That after admitting his economic policies had failed and resigned. He is closest to great african politician - even if he got wrong the whole socialism/communism.

Mzal3ndo:
What's happening in Tanzania is the same as what is happening in China in regards of Mao. Tanzania is by far the easiest country with a large population to govern compared to other countries since there is no enough numbers in the ethnic and religious sense to cause problems that a lot of nations are facing. Even when it comes to religion, most of the Muslim population is located at the coast but with Dar es salaam having over 6M people and almost evenly split in between, its difficult to divide people on the basis of religion too cause no one group is predominantly located in one area. If we dig deep and put aside the propaganda of the CCM (Which I'm a fan for. Don't judge me) Nyerere wasn't quite an exceptional leader in any sense. He handled the economy and the nation as a whole poorly. He gets praised because of the political apparatus that he set up in place that's why its very rare even in Tanzania to hear people criticizing him which is strange for a country what has all the potential she has and which he ruled for over 20 yrs being in the current position its in right now.

Yes his commitment to IMF = means commitment to reforms - and perhaps some panic buying of dollars is starting to slow - but we give it few weeks

GeneralDae:
Yeah I guess the president's speech to investors that their money would not be lost made some investors regain confidence in the economy perhaps.
Speculations drive currency deep dive a lot.

Drought is natural disaster like flooding or earthquake.
Now last I checked AID was 30-50% of your budget.

Kazikazi:
That's where US aid money goes to....

Somehow not a big deal anyway sound typical of a Tanzania simp

Kazikazi:
Yes,but I think gov revenues is somehow very low if u look at their tax collections per year. I think that oil isn't a big deal anyway

Nigeria earned $418.5bn in 10yrs from petroleum, NEITI - that according to Google.

Kazikazi:
But I think someone should just tell us how much is made from their oil,otherwise we might accuse them for nothing.May be the oil money isn't that big.

Paga what?
M-pesa will roll over Ethiopia very soon.

obaaderemi:
We got to DRC before you.
We'll lead the way to Ethiopia as well.

He sure has something for white skin - ordinary Tanzanian are never black except Magufuli his fallen hero

gallivant:
With your obsession with albinos and white skins, you can forget about USAID.

This huge 5.2B dollar investment that cannot turn profitable that fast.
This our Akasombo/Volta dam
Akosombo dam bankrupted Ghana
At least we are still standing.

Just40:
what has stopped your SGR from copying your matatu that make such profit?

We are aiming for South Africa in SSA.

samorobo:
It’s duu I sent seem
Like you could stand the competition.
Now look to Uganda,there is nothing to compare here.

Nairobi Matatu can make such profit

Just40:
It's still a profit over it operational cost over one line

Something your SGR can't do at the moment

Add ajaokuta steel company - and learn to FINISH what you START - and THE OPERATE THEM. That most difficult part for a bonobo in his natural habitat the ZOO.
Bonobo has 12,000 MW of installed power.
Bonobo can barely get 2,000MW running - for 30min - before collapsing the grid.
And it's been happening for 30 or two generations

Look at Kenya - Lamu deep sea - 2yrs done - now operational.

SGR - 2.5yrs done - operational.

Nairobi expressway - 1.5yrs done - operational

GET IT DONE.

IGpro1:
Just imagine it was in Kenya, these were happening
-building dangotes world biggest refinery,
- worlds 2nd biggest fertilizer plant.
-Lagos light rail
- Abuja light rail
- numerous state Airports
-eco Atlantic
-lekki deep sea port, badagry deep sea port
-numerous Rice Mills
And other grand projects,

They would have long driven everyone away

I saw something like 75kms - totally broken down. That flood plain can grow rice - and you can reduce rice import.
https://www.mrd.gov.gh/downloads/MoRD_2021_Annual_Progress_Report.pdf

vankelvin:
[/b]
Not exactly
Tema-Mpakadan rail-line is over 95% complete
Next is Dabre Inland port and that project will be fully completed

Western rail line is also progressing steadily

April 2017. Now we are in 2023. No operation.
Kenya construction started in 2015 (DEC 2014) and by June 2017 - it was ready and transporting passengers.
No sane person can compare Kenya and TZ

Kazikazi:
Am not advising but am teaching you.
We started to build in 2018,we are constructing 1,200 all at once,over 500 kms are now complete that is Dar dodoma distance.

But i can't understand why u chose to build that railway while you know you have no enough cargo.And again,you were overcharged because u lack engineers.Even on that short distance of mombasa Nairobi, you imported about 5,000 Chinese artisans to help you.Your education is a failure.You produce useless graduates who can't do anything in today's world.In TZ, about 95% of all workers in Sgr construction are Tanzanians, that means we are far,far faaaar ahead of you as far as technology is concerned

https://www.mrd.gov.gh/downloads/MoRD_2021_Annual_Progress_Report.pdf
About 21million cedis. Chicken shiet. 1.9M dollars. Very useless.

Just40:
Those are audited financials of Ghana railway company

You're bitter at wrong target. I am not one importing finished consumers good from Nigeria to Ghana. I think there is a Nigerian here who does that gig. You want to take your bile - try him. Popizaniano or something like that.

vankelvin:
[/b]
Yes Kenya will soon overtake China and USA in everything
Keep overtaking on nairaland

You will agree with me on many things because my fidelity is to the truth and reality. I know English is difficult but I mean I am a sucker of facts.

Kazikazi:
The only thing I agree with u is on Rwanda. Kigali is better than most African cities. What I like about Rwanda is,they are not depending on minerals to run their economy which means most ordinary people are participating in the economy unlike those mineral based economies where few people owns the economy hence most other people remains in deep poverty

We started almost the same time.
Yours is still under construction - for half the distance we did.
Ours has been operational for 5yrs. Record 3 yrs construction and start of operations.
Ours is going to make a record operational breakeven in 6 yrs. This is VERY IMPRESSIVE.
Yours will be opened god knows when.
Another Nigeria.

Where do Tanzania get the nerve to advice Kenya

Kazikazi:
But why did u build that Sgr? You have no goods to need a big railway like that especially in a short distance of mombasa Nairobi.And worse of it,you were overcharged.If it was Tanzania, we could have spent a third of your costs to build it.Even our own engineers can build that type of railway.

That could be financial of anything. Put the link.

Just40:
Ghana railway is already making profit on the 165km line in operation.

And we already have almost 1000km of SGR already constructed

Their financials below

Engineer who cannot communicate clearly in English is useless. Until you understand the importance of English as GLOBAL BUSINESS LANGUAGE - nobody will understand you.

But research findings show that the majority of Tanzanian students' reading competence in both English and Kiswahili is extremely low.

Kazikazi:
Now you resorted on talking fallacies.Let's start,
How many engineers do u have comparing with United republic? Dont bring your historians and think those are educated people.history you I can get it even from my grandfather and grandma.
Real education is on science and technology not those history stuff

You just need to see the trends. You had a large diaspora because your gov basically collapsed in 60s until 2000s.

Just40:
I wait to see that day

Watch youtube for thousands of Nigerians who have been to kenya and ask them the hype.
Ask someone who has been to Rwanda - I have been to Kigali and rural place - and see if it's hype.
Kigali is better than Europe.
Only city in Africa that is very clean, very safe, name it.
You can walk from the bar anytime to home.

samorobo:
Nothing progressive about Kenya and Rwanda. If there is anything y’all thrive in painting a fake eldorado picture and hyping basic thing. Heck maybe it’s an East African thing.

It carries percentage of cargos whose final destination is NAIROBI. It cannot carry 10M destined for the region. It cannot carry other destined for other cities. All it need to become profitable operational is to carry 7m. 20M is when we complete the whole of it.

In meantime Ghana railway remain a dream...construction at snail pace.

Just40:
like I usually say, you don't know much until educated by foreigners on things happening in your own country.

So why did SGR only carry only 5 million tons last year?

You companies are desperate for kenya proffesionals. They hire a Tanzanian - you cannot even compose an email or construct a sentence in English. Your education system is total complete UTTER FAILURE.

Kenya diaspora earning will this year close at 4B dollars - next 1 or 2 yrs - will overtake Ghana and become 2nd to Nigeria in Africa.

Kazikazi:
Tanzania is Europe, we have many folks coming for greener pastures

There is no hurry in Africa. This railway is going to last 200yrs. The old British one is clocking 120yrs and still operational - going all the way to Uganda daily. That is one that is working now...doing 1-2 million metric tonnes.

Just40:
which won't happen anytime soon because China has reviewed it belt and roads funding and by the time Uganda even get the sense to do it, losses would have buried your SGR.

Which company data that I am not aware of. Concentrate on stuff you know. Kenya total cargo is not 50m. It cannot be expected to carry this. In fact when the SGR was being built - the kenya cargo was 17-20M. They had project in 20yrs - it will rise to 35M - and SGR would carry about 20m - the rest left for tracks. We are there in less than a decade.

Just40:
so your own company data is lying and is propaganda, because that is what he used?