₦airaland Forum

You were opposed to IMF - know you've turned 360 to claim IMF has bend to Ghana - well mad cow - IMF is going to be with you for sometime.

Just40:
The IMF bending to the whims and caprices of Ghana.

I never expected them to do that

Ruto get standing ovation in south africa...new leadership upon africa https://twitter.com/Kenyans/status/1658779063836704768?s=19

Obaaderemi2:
Monkeys like you can not be helped by imf. They will prescribe all kinds of bitter pills and cut-offs that would only make your problems bigger and leave little Indians reeling. That's what happened to Argentina and Lebanon. The same fate awaits Kenya who have one of the most corrupt men as ruler.

obanoon Ruto: " IMF actually wanted us to borrow slightly more, I told them no, we're not borrowing...some characters thought I was joking. I told them, listen, we're going to live within our means. Even if we have today delay for salaries for two, three days, we will. So that people begin to internalize that we cannot continue borrowing"

Obaaderemi2:
Argentina and Lebanon listened to the imf, where are they today? Uhuru listened to monkeys like you and left Kenya in this mess. We knew this would happen but animals like you in his government kept urging him on. Now you have a thug for president and your corruption would multiply ten folds. Mind you, corruption and reforms hardly go together.

People who refuse to see doctor early enough like a baboon become like Lebanon, Argentina, Nigeria and Ghana. You go imf when sick. Imf doesn't cause the disease.They just have tough treatment regime which assures creditors that their money is not lost n that imf credibility. The best thing that we did in 2020 is go IMF.We would be like Ghana now.Of course Nigeria is special kind of stupid.Ruto is not corrupt..that was just propaganda by people who don't understand how he grew wealthy..Ruto works hard in all his life spheres

Obaaderemi2:
You, you just no sabi anything. Kenyans have been weeping since Ruto took over. He's imf's puppet. He's confused already as he is faced with problems he doesn't know how to handle.

I wish Nigeria would listen to Imf n stop manufacturing poverty at industrial scale. Imf and you should have concurrence on diagnosis of economic problems.Treatment is where difference should occur.Ruto listen to anyone with brain..not a baboon like you. Nigeria you are such a terrible position you have given up on electricity,security, economy and pretty much trudging along like Zoomalia.

Shaytun:
Lmao as bad as buhari is.

He might actually be better than that Ruto failure, I follow some prominent Kenya on Twitter and all they do is curse him all day.

Ruto has already failed in 8 months..you got jokes.Ruto came to power with one agenda..to elevate the kenya poor..from economy that had put a few middle and upper class on the pedestal. The so called prominent Kenyans are reeling from hustler revolution. Ruto found an economy in such a mess and has already set it on the right trajectory in 8 months. Its going to be difficult one year of more painful reforms then 2025 the Kenya economy will be on right footing and firing again.

ImpregnaTor:
Can you guys lend him to us for two years or he can even govern both countries simultaneously

Nigeria have had enough with Buhari, now we have another one in France hospital

Such a shame..Nigeria has so much talent but somehiw pick the worst.

Shma2023:
I like his idea on balancing VAT collection and minimizing borrowing. That's the way to go. I'm liking this guy everyday.

You're late.Those of us know Ruto brilliance, work ethic and tenacity knows he will deliver.

President William Ruto: There was a delay in salaries for about 2-3 days in April, some characters thought I was joking. I told them we are going to live within our means, even if we have to delay salaries we will, so that people begin to internalize that we cannot continue borrowing #ThePlan Arguably Africa most intelligent president answers tough questions from media
https://www.youtube.com/watch?v=bYPJaBI0Vj8&pp=ygUUUnV0byBpbnRlcnZpZXcgdG9kYXk%3D

Kazikazi lng project will start in 2028 kicheko biggest Tanzania targets 2028 for the final investment decision that will make it the region’s LNG giant, when it develops its 57.54 trillion cubic feet of gas so far discovered.

Just40:
with which money ...

I'm rest assured it won't happen in the next 10 years 🤣😂

Kenyans a delusional thinking

With ppp mad man..90 percent of France warer...is private. Kenya has got where it is by using brain.Your biggest resource the brain unfortunately is misfiring.We are developing water ppp framework like electricity ppps

AfriqueDuZuid:
We only need to push 11% to have 100% access

You need to push 56% of your population that don't have access to water

We will do it faster..than RSA..we are building 100 water big dams..as you depend on Lesotho

Just40:
It shows 50%

50 percent of what slowpoke..chart show two figures..rural n urban water access

Just40:
Someone send this kid to school so he can learn how to read charts.

He thinks the country are in ranks 🤣😂🤣

Somalia has done well than Kenya

I won't even mention Ghana because everyone already knows we are better than Kenya in water access.

seek mental help...the chart is obvious..Kenya rural access is around 25 percent..urban access higher at 60 percent..Kenya is better than Ghana. Grow some brain fool

GeneralDae:
Top 100 African companies, how many do you have there?

That is debate..not top 10 Nigeria companies in Nigeria. Irrelevant

AfriqueDuZuid:
So kenya urban water accessibility is equivalent to SA rural water accessibility

Why don't you compete with Mauritius. Why are you looking behind...mmh you're now conscious of kenya breathing down you neck

gallivant:
Ghana is next to Mali on the chart. Don't kiss South African @ss.

We are dealing with raving mad cow whose injecting nonsense in every thread

gallivant:
For the fool rural means poor, not understanding that's a South African dilemma, a product of apartheid to say the least.

It crazy..my rural village has had piped water since 1970s.

AfriqueDuZuid:
Yes loadshedding is reality we dealing with curbing.

When will kenya stop borrowing to pay salaries, bbc reported kenya spends 50% of its revenue to salaries. I suppose you know how much kenya bortows every month

How will you deal with loadshedding without taking 24B dollars of its debt and giving them cash to become liquid. As you cry for our civil servants..reserves some tears for 10hrs daily of loadshedding for 250 days a year. Soon you're going to be similar to Nigeria...generator country

AfriqueDuZuid:
Does not change the fact that kenya is 70% rural,

And around 70% of your population don't have access to water

what do you mean..that rural areas don't have access to pipe water..maybe in South africa

Ruto working hard and getting attention.

https://www.youtube.com/watch?v=xnbeLqVBj_8

I thought you were gonna share top 100 Africa companies. How does this help anyone?

GeneralDae:
What year is this list? Because Kenyan Stock market is one of the worst in Africa from 2022.
Last I checked, the top ten by market cap are from South Africa.

Anyway these are the top ten in Nigeria in 2022. Dangote at 11 Billion dollars. Can you show me the top 5 from Kenya? Or Safaricom is all Kenya has?

Note: 7 out of these 10 Firms are Nigerian indigenous firms.

I thought Kenya was behind in water access - look like Africa is really behind

gallivant:
https://www.visualcapitalist.com/wp-content/uploads/2022/08/VC_water_resub2-1.png

https://www.youtube.com/watch?v=jMPOtg-LKt4

They dont have anything beyond Dangote Group. As of last year - only Morroco and Kenya - join the big boys of RSA.

Shma2023:
Drop the list for biggest companies by value. I want to show you something.

Take your meds first thing you wake up.

Just40:
The effect of is kind of inflation is negligible in Ghana as the benefits has outweigh it impact.

The kind of suffering that Kenyans face daily is just something that will never be normalize in say Ghana.

Zoo Kenya is facing hunger because of inflation and debt.
No payment of salaries for 4 months made things worse become your govt workers are the ones who spread money around in your economy and this explains the decline in taxes

Uhuru grew the economy from 40B to 120B.
Yes he exposed Kenya to exogenous risk by overleveraging - Covid/Ukraine have definitely expose the underbelly of many economies.
Kenya is doing better compared to Ghana, Nigeria, Egypt, Pakistani, Ethiopia - name them.

When a Kenya president underperforms - it not comparable to Nigeria or mostly in Africa.

Uhuru did very well in 1st term - and messed up in 2nd term. In 2nd term he should have watched the debt situation more carefully.

He is only guilty of over-borrowing - Not printing money or overseeing economic recession in Nigeria that is now 10yrs old - started in 2014!!!!!!!!!

Nigeria you just lost a decade with South Africa - Nigeria average growth rate under Buhari is what 0-1% - when population is growing at 4% - poverty manufacturing at industrial scale.

Obaaderemi2:
Uhuru finished Kenya. He borrowed recklessly and stole the money. I've suspected for years that Kenya was broke but the little Indians kept arguing they were making enough revenues to cover their obligations.

Kenya macro-economics are night and day compared to Nigeria or Ghana or the other zoos.
Inflation - single digit - less than 9% - Nigeria is 40 and Ghana 65%
Interest rate - base is 8% - commercial banks are lending at 13-15% -- Nigeria base rate is 15%? and commercial banks' lending at 30%.
Kenya has 65% debt to GDP - Nigeria even with fake GDP have now gone to nearly 50% - 170B dollar in debt
Kenya debt servicing ratio is 55-60% - Nigeria shoot the roof - 110%.
KES is middle of park in depreciation - Nigeria and Ghana leading.

Everything in kenya is working normally - No power blackouts, No water shortages, roads are great, security is tight.

Now speak of the Zoo - totally dysfunctional.

Obaaderemi2:
Owing salaries is not the main problem but it's a pointer to the fact that things are more rotten in little India, especially with the finances, than we thought. The country is broke and very soon will no longer be able to meet its obligations- salaries, pensions, debts payment, infrastructure, etc.

What is problem with that - they are only 900K gov employees. If each support 4-5 people. That is mere 5M kenyans affected.
2.5-3 million kenyans are formally employed in private sector.
17 million are informal sector.

So if gov is struggling - does that mean you mess up the private and informal sector?

Gov can always cut salaries, reduces allowances, and fire excess employees if they are having cash crunch.

Of course for kenya - it was just small problem in March - due to loan maturity bunching up - otherwise we are going to June - and there is no salary delay anywhere else.

Only Nigeria goat like Buhari will do what Zim or Idi Amin use to do - order the printing of Naira to pay gov employees and suppliers.

Obaaderemi2:
You are already delaying salaries. If things get worse for you, then your workers would go without salaries altogether.

There is no problem with borrowing - we are borrowing weekly from T-bills - monthly in T-bonds - and once in a while we are getting dollars from WB/IMF/ and commercial banks - as we wait for global economy to recover.

What we wont do is printing money - to create inflation havoc and send kenya back to 1990s - our lost decade - when our economy was like Nigeria.

If gov fiscal space become very tight - gov will cut budget - cut salaries - or even mass retrench gov employees.

To cause 40% inflation - is to nationalize poverty.

Obaaderemi2:
Their economy is already too stretched for that. They will have to swallow their pride and borrow. Anyway you look at it, little India is in trouble.

Nigeria on the other hand just needs to remove subsidies on fuel and our cash crunch problem will be half solved.

We are not desperate fools like Nigeria.
The printer is always available but we wont misuse it.
Our tax revenues are growing.

GeneralDae:
If you can print money better print money now to save your ass.

Africa countries suffering from Nigeria Resource Curse - most with minerals & oil - are some of poorest & hopeless.