₦airaland Forum

Obaaderemi2:
When you revert to insults I know you are hurting.

You insult kenya n our intelligence when you purport advice kenya...the Zoo need you

Obaaderemi2:
They have no options. Their budget deficit keeps growing and is about to hit 9%. It shows Kenya is unable to balance its books because what it spends is far higher than what it earns. The only option is to cut salaries and sack enmasse.

Obaboon from Zoogeria purporting to advice kenya is hilarious stuff.

Kazikazi:
This one was a running mate of Odinga.
So she was on a verge of becoming a vice president

But the legs though. .......

who triggered bongolala..TZ will always a country of bitter jealous lazy fools

Just spare us the verbosity - nobody believes a mad man - and share links.

Just40:
Yes I'm serious

Go and watch the YouTube video, I've played with the world bank data before when I was demonstrating the middle class size of each country on this platform but I've forgotten the website. You can take the pain to search for it on this platform.

Yes and the world Bank says so, the last time we checked Nairobi middle class size, it was less than 5 million people so I'm not surprised that their upper middle class is only 1.8 million.

Yes I believe so as well, looking at the spending capacity of both countries in their respective currencies. Nigeria has the largest consumer market in Africa because the world bank place it middle class size at around 40 million people 23% of population and that of Ghana is 15 million people around 50% of population. But when they adjust the spending rate to target the upper middle class Nigeria gets 3 million and Ghana gets 5 million.

For now, it's the only credible data investors have on consumer spending to make their investment decisions.

4% of adults. Not of population. For population times 4 or average household sizes.

GeneralDae:
Kenyan Central Bank says 4% of the population have up to 800 dollars and above in their Bank accounts. So logically, I believe people capable of spending 10 dollars should be higher in percentage.

Just40:
It never happened

Did you read this ? Basically telling you in plain words that it wasn't collateralized?

As usual, desperate Kenya copium mechanism 🤣😂

How about I don't give a fck what you say or claim as you're mad cow.

Just40:
🤣😂 desperate skeletal Lunatic

Ghana has never collateralized anything and not especially when Ghanaian farmers are mostly choosing to sell their cocoa to Ghanaian chocolate producers and other private firms before cocobod.

Top 10 buyers of Ghana cocoa does not have china in it.

Ghana basically did not borrowed from China and when ever we did, we made sure that the money went into profitable infrastructure that could pay for itself.

Example Ghana Gas, Bui Dam, and other power infrastructure and they all paid their loans in 5 years without govt spending a penny of tax revenue on it.


Kenya should learn to invest Chinese money in profitable things rather than becoming a Sri Lanka in Africa.

search cocoa China escrow

Just40:
let see those who lend to Ghana
Blackrock, Vontobel, AllianceBernstein, Neuberger Berman, PIMCO
Abrdn, and Amundi (UK) Limited.24

Do anyone of them look like idiots to you? 😂🤣


I understand barbering shops and hair dressing saloons are those who lend to Kenya else Kenya will have to collateralized something to china for some money because that country is not worthy of investment.

Those are debt vultures ..Georgesoros..they are hyenas n vultures..they circle euro bonds..buying dead decaying Ghana stocks..you are just starring at huge problems...ohoo boy idiots.They can sit on your bond for years...then show up..and you'll pay everything. Right now they buying all dead debt...then they will wait..wait..then finally show up when you're solvent

Just40:
skeletal Lunatic

There's nothing like bauxite for infrastructure.

China paid in advance for aluminum... A deal that caused an increase in Ghana's aluminum production and export. Creating jobs for Ghanaians

you collateralized even cocoa beans of farmers..you can only guilty trip American from your slaves export..never China man.Ask your twin zambia. China gave you almost nothing and all fully secured in minerals n worse cocoa beans deposit in China escrow account. You think Chinese are idiots

Just40:
Not a single one of Ghana's Chinese loan is collateralized.... You desperate lunatic 🤣😂

We are not that dumb like Kenya.

China has always been rest assured in Ghana that they'll get paid so never collateralized any loan agreement with Ghana.

only idiots lend to Ghana. Chinese is meritocracy. Average Chinese policy wonk n leader has phd.Youre mental sick.Brilliant Chinese lent to Ghana almost nothing and all the nothing is collatorized

Obaaderemi2:
You are dull, RIP. The zoo is the one where salaries are delayed. How did you get here?

obaboon I am great fan of self depreciating humour

Just40:
Ghana hasn't given China any minerals or cocoa

Don't be desperate 🤣😂🤣

We are not Kenya

Bauxite for infrastructure search in Google.mad cow.

Just40:
As usual
Desperate nonsense

Let see where Chinese loans were used
Ghana Gas... This facility paid it 1 billion Chinese loan in 5 years
Bui Dam... This facility also paid it loan facility in 5 years

Today as we speak, Chinese debt to Ghana is almost negligible.

Ghanaian farmer sell their cocoa to cocobod and cocobod sells to Switzerland, US, Turkey, UK, South Korea, Malaysia, Netherlands and etc.. China is not in the top 10 buyers

mad cow you're incorrigible as always..almost all your Chinese loans are collatorized

Obaaderemi2:
The same way you wanted to puke when we told you way back Kenya was borrowing to pay salaries.

obaboon the day you speak about buhari disaster I will listen..Kenya is like literally day n night..we may have stumbled..but we got up.Youre a zòoooo

GeneralDae:
I agree the program has stalled but I am making an argument that the report seem to suggest that the first 188 million dollars disbursement was made and they haven't moved past that since then.

Upon completion of the Executive Board review, Zambia would have access to SDR 140 million (about US$188 million), bringing the total IMF financial support disbursed under the arrangement to SDR 280 million (about US$376 million).

You're decent fellow. You need to realise SDR is more right..South Africans n Nigeria have taken it. This is your entitlement. What zambia need is extended facility beyond the SDR..bail out.SDR is what Kenya us going for next...you withdrew percent of your imf shares...it like from.savings

Obaaderemi2:
RIP, why should I wash your shoe when you don't even qualify to wash my bathroom slippers?

Listen to us on Kenyan issues. I've been spot on From the beginning when I told you about the real size of your fake GDP and that your country was broke. Now your experts have come out to admit same thing I said years back. And I'm telling you now that Ruto would grow your debt profile and worsen your deficit. You are free to throw all the insults you want.

I only want to puke.There are many times I ask myself why do I deserve to coexists with foolish people like you

GeneralDae:
Maybe you need the education more. This report suggests they are waiting for the second disbursement of the loan.

First Aid.Zambia stalled.Only Chad n Ghana have moved forward. Debt restructuring is complex process as each class of creditors has to sign on.China has stalled zambia. Ethiopia equally stuck.Mali nobody cares as its military junta

World leaders jetting to kenya to meet Ruto..they know finally an African leader with brain n work ethic is born. President Ruto welcomes Singapore's Prime Minister Lee Hsien Loong at State House, Nairobi
King of England follow next..they paying pilgrimage to next generation of leader .. away from.usual buffoon blaming colonialism n slavery ..but ready to confront global challenges

Obaaderemi2:
You need that proper education more than anyone else. Your budget deficit will grow higher under Ruto because he's saying one thing and doing another. He's borrowing just like Uhuru except he's trying to avoid China or maybe china is the one avoiding him.

obaboon you can't wash my shoes leave alone Ruto n his brilliant team.In kenya we value intelligence. I wish Nigeria could tap its intellectual potential. You won't be rotting away

China has stalled zambia as they insist everyone including imf n World Bank takes an haircut. The current zambia president is patriot unwilling to do what Ghana did...mortgage minerals to China.Ghana gave China minerals n cocoa beans so China signed them off..the china lose nothing..all their lending to Ghana are collatorized. In zambia its different story.

How can i help you.Ghana signed similar deal in dec 2022 and have concluded today. Zambia have had theirs pending for ages as china played hardball
.Enrol in kenya universities for proper education

GeneralDae:
What da hell are you talking about? IMF deal was concluded July 2022.

IMF staff and the Zambian authorities have reached a staff-level agreement on economic policies to conclude the first review of the 38-month ECF-supported program. All structural benchmarks and quantitative performance criteria for the first review have been met.
Zambia will have access to about US$188 million in financing once the review is approved by IMF Management and formally completed by the IMF Executive Board. To remove any hurdles to the timely completion of the review, Zambia needs official creditors to move forward and reach agreement on a debt treatment in line with the financing assurances they provided in July 2022.

https://www.imf.org/en/News/Articles/2023/04/05/pr23108-zambia-imf-reaches-sla-first-review-ecf-discussions-2023-art-iv-consultation

GeneralDae:
IMF deal helped Zambia greatly. Especially with the currency and inflation within their first 3 months of receiving the funds.

slowpoke zambia have no imf deal.They just have great president.Imf cannot move unless China move.China want flesh from zambia .What is keeping zambia alive is their brilliant reformist leader

Chinese don't like losing money.And they are very brilliant. GHANA THEY KNOW WAS HOPELESS FROM GET GO.So all chinese loans to Ghana are collatorized with cocoa,bauxite and gold.In kenya its insured. Ethiopia is basically old communist ties n Ethiopia military aid.Zambia need to give up copper belts
.China cold calculating machines like jews.China will not lend soon to Africa..it is over.Anyone looking at Beijing now is mad cow.The west can forgive debt...china maybe to Ethiopia only

GeneralDae:
Of course. IMF pays 600 million dollars this month which should bring some stability. And then by November again, they disburse another 600 million dollars. So this is very positive for Ghana.

This fast IMF debt restructuring program for Ghana shows why taking too much loans from the Chinese could be a disadvantage. Chinese loans were negligible, so the Chinese could simply ignore but they dragged their feet in the case of Zambia which delayed the process.

Kazikazi:
You are funny
But anyway let me teach u as usual......

Sugarcane farming takes a year or something to be ready for havest unlike your beans which is just a few months are enough for it.
Since factories needs a continuous supply,in Tanzania, all these sugar factories have their own farms and they also signed a long term contracts with small scale farmers for supplying sugarcane. So,in Tanzania it's unheard of for a sugar factory to lack sugarcane. Everything is properly planned,well executed,and at the end,everything runs smoothly day in day out.
But your kenyan story is saddening, seeing a sugar factory lacking a cane? It's laughable really.

All good except you have 5 factories..and we are approaching 20.Price increase n decrease fix supply n demand.You don't come shouting economy is rigged..it normal..disease, weather, maintenance can affect..price fixes...some people reduce intake for few weeks

Mad cow, that just reinforced what I said, Ruto is going for cheap concessional loans;
Secondly ministries, counties and cdf - are not salaries - they are development budget mostly.
The last month - gov will be dealing with pending bills - and closing the books - so we dont transfer problems.

Salaries are not in any arrears.

Areas are in county development allocation, CDF - Constituency Development Funds - and ministries with projects.

Just40:
Lunatic.. the facts do not support the plan he had

As he has borrowed more than anything he planned to do ... Let's see what loans he has taken so far.
He lied that he won't borrow to pay salaries like his predecessor but is doing that.
3 months into Ruto presidency, he borrowed 407 billion kshs and by the sixth months he had already done 1 trillion kshs

Now he has gotten 578 billion kshs from the world bank and in the first week of May he got 300 billion plus kshs from Afriexim bank .

Now he is waiting for 1.1 billion dollars RSF from IMF.. I'm sure you can do proper addition🤣😂

Again that is normal in any commodity. The cane shortages is temporary. It will sort itself in a few weeks. It called normal supply and demand challenges. You dont plant sugar cane and harvest tomorrow. There is no coordination of when farmers plant. Sometimes they all plant at same time. Very normal - even for maize or sweet potatoes or cashew nuts or beans.

It just basic of capitalism - supply - demand - prices - market - issues get fixed. There is no TZ central planning kind of economy your small brain can comprehend.

Kazikazi:
Thre is a lack of cane,your story of demand and supply don't apply here.
It could have made sense if cane prices are too high because of demand,but what is happening there is a total lack of cane. Surprisingly, your statistics agency will say you produce more cane than TZ while you have very few sugar factories with less capacity

You're an mad cow of course with little knowledge.

Kenya will pay back 1.4 trillion - and borrow 800B in the next budget - that means we are slowlying pay off our debt (principal) - and reducing debt to gdp. Ghana you've basically suspended paying for most of debt principals until 2027.

Ruto has borrowed way less than Uhuru budgetted by refusing to hike interest rate on domestic debt.
Therefore there has been very low subscription to kenya treasury bonds.
That is why we are not even 50% of budgetted borrowing with a month to go.
Ruto is keen to get cheap concessional foreign loans from IMF/WB/AFDB and such.
And to reduce domestic borrowing - and of course commercial loans.

The impact - of course - banks will be forced to lend to private sector and individuals - who will then grow the economy.

Just40:
except I'm not measuring your budget deficits against GDP but referring to the size of the deficit itself .

This is the only way you'll understand why Ruto had to borrow above 15 billion and has done so despite promising you Kenyans that he will keep it below 3 billion dollars to get Kenya out of the mess it is in.

He seems worse than Kenyatta

Enrol yourself in a proper school outside Ghana. Budget deficit is measured against GDP.

Just40:
is 1 trillion not around 40% deficit? And you think that will drop magically especially when he's making the problem worse by widening the gap with 15 billion borrowing?

The Kenyan govt have it hands tied behind it back and the IMF is running the show

You have little knowledge about how economics work and how commodities work. Cyclical fluctuation of supply and demand are normal. Kenya has 16-20 sugar factories - compared to your measly 5. Deal with it. You're also too poor to consume lots of sugar.

Kazikazi:
Yes,proper data collection is a big problem in africa that's why we are having all these fake GDP figures because of that.
If u go to most of statistics agency in africa,gov stats will show how a country x is doing great in agriculture by producing various crops in a fairly good quantities.
But when a certain investor chooses to set up a processing facility, that is when a real shock will come up. You won't get enough raw materials.

This is what is happening in kenya now.Sugar factories are in the verge of collapsing due to the lack of cane

Go to proper school. There will be no day kenya or any other country will stop borrowing. We have to reduce borrowing until it's sustainable and also have to understand risks of overborrowing if covid or war emerges.

President Ruto: Last budget we had a deficit of almost KSh1 trillion - this 2022/2023 that is ending in a june 30th.
In this budget we have reduced it to KSh600 billion- Ruto maiden budget will start on July 1st.

That is how you progressively reduce budget deficit until you get something like -4.5% - which sustainable.

Obaaderemi2:
You see!
The only option he has is to keep borrowing. Kenya's revenue can not take care of the expenditures but Ruto has been going around lying about how he is saving Kenya and poor folks have been giving him standing ovation.

If you can barely understand your own country - how can you understand Kenya. Ruto to borrow 15b dollars in 8 months would be something .

We have two months to close the budget - 1.5months - borrowing is at 50% of the target (which was something 7-8B dollars) - revenues at 90%.

Just40:
The mess in Kenya has gotten worse. It is continuing it external borrowing to pay salaries. 4.5 billion dollars being borrowed to pay salaries.

Do far, Ruto has borrowed almost 15 billion dollars since he took office

He had one job, stop borrowing for a period

Just40:
Another stupid Lunatic comment

IMF did not go through it normal processes to accept Ghana's offer.

It is unheard off in the IMF to dispatch a first tranche of 600 million dollars ((20%) and in time the frame it is giving to Ghana. It is also unheard off to give 40% of the money in the First year.
They should never have given Ghana this offer as money is not the problem of Ghana.

Anyway, I learnt Kenya is negotiating it 3 iMF bailout in the space of 3 years . How is that going ?

What saved Ghana is less Chinese loans so it easier to conclude debt restructuring compared to your twin country Zambia. Ghana a whole decade plus to recover from default. YOU WILL NOT GET IT MAD MAN