₦airaland Forum

Kenya - India, China and Srilank - account for most world tea. Kenya is world leading exporter of black tea - and Tea account for 4 percent of GDP

South Africa messed up education

Less schools than Kenya. Only 1,900 private schools.

In 2019, there were 23,076 ordinary public schools and 1,922 independent schools in South Africa, according to preliminary data from the department of basic education. The total was 24,998 – a decrease from 25,154 in 2018.

LOL = private school are equal to International school almost in kenya

Figures from South African Market Insights show there are just short of 2 000 independent schools in SA with slightly more than 400 000 students. Put another way, about 8% of schools in SA are independent, accommodating 3% of the student population. The public sector has about 23 800 schools with 12.5 million students. This means the public sector is carrying a huge burden, with nearly three times as many students per teacher as in the private sector.

40 percent on interest payment alone. We have not included the principal repayments. You're borrowing Eurobond for budgetary support - not ringfenced to development - like China loans. You're borrowing like Nigeria for recurrent expenditure.

Just30:
We are spending 40% of tax revenue to service debt but we still have enough money to Carry out massive projects without borrowing....

Thats the power of an SWF

Crazy folks these Ghanians.

kikuyu1:
Who's been talking ISHYT about debt all this time ? Like I said these mofos have no code! Not that they're just slow which they are but lack honesty, honour and decency.

kenya-even-poor-parents-send-their-kids-private-schools

Kenyans put a very high premium on education.

According to a 2017 study on the rise of private schools (Zuilkowski et al., 2018), many families choosing private education earn between $ 600 and $ 1,200 per month – only slightly above the national average of $ 500 per month. Nonetheless, these families are “willing to pay up to 40 % of their income to educate all the children in their households,” the report says.

As demand for private education soared, so did the number of private schools. According to the Kenya National Bureau of Statistics, the number of private primary schools grew by 773 % between 2003 and 2017, compared to a growth of only 33 % for public primary schools.

At the secondary school level during this period, the number of private schools grew by 216 %, compared with 154 % for public schools.

Despite those trends, public schools still outnumber private schools. Today, 33 % of Kenya’s primary schools are private, and so are 15 % of all secondary schools. The gap keeps closing as demand for private education remains strong.

https://www.dandc.eu/en/article/kenya-even-poor-parents-send-their-kids-private-schools

Shackman - there are about 150 international schools - with about 200,000 kids. These are elite private schools that you cannot afford - some in kenya charges fees as high as 25,000 usd per year - or even higher with boarding. These are school where Africa elites send their kids - Uganda, Rwanda, South Sudanese, Congolese, TZs - plus kenyans of course.
https://www.businessdailyafrica.com/bd/lifestyle/society/boarding-schools-attraction-for-foreigners-3327818

When I talk about private schools - I am talking about private schools - teaching Kenya curriculum.

In kenya about 30,000 public primary schools exist - and about 10,000 private primary schools exist.

The number of kids enrols in private schools are in millions - I'd estimate about 3m of the about 8-9m primary kids.

There are few private schools in secondary and universities. Secondary schools are mostly public and a few private mission schools

AfriqueDuZuid:
200 000 students and 10 000 private schools

So on average a private school in kenya has 20 students

Wow, shocking to say the least

Ghana debt to gdp -78 - kenya 66

Ghana and Egypt returned to the market, issuing a total of US$7 billion in the first half of 2021. Their debt-to-GDP ratios have now risen to 78% in Ghana and 90% in Egypt. Kenya also joined to issue US$1 billion, pushing its debt-to-GDP ratio to 66%.

Any debt-to-GDP ratio above 60% in developing countries is considered imprudent according to the International Monetary Fund (IMF) and African Monetary Co-operation Program’s threshold. Beyond the threshold, a country will be at high risk of debt default.

When you host a world event - of any sort - come and lecture us.

https://www.youtube.com/watch?v=xqjbacA1jeM

vankelvin:
The stadium though

Can't you guys fix the seats in your stadium?

How do you expect people to sit on the bare concrete floor? not in this 21st century

More evidence of yet another hyperinflation loading

Kenya use 20 percent of revenues to pay interest rate - Ghana double that - 40 percent almost

This is unsustainable and has already led to more fiscal strain. Interest repayment is the highest expenditure portion and remains the fastest growth expenditure in sub-Saharan Africa’s fiscal budgets. For example Kenya, Angola, Egypt and Ghana are paying 20%, 25%, 33% and 37% of their collected tax revenue towards interest repayments.

Madcow - Ghana is debt distressed country
Kenya: Sovereign credit ratings
Agency Rating Outlook
Standard & Poor's B+ Stable
Fitch B+ Stable
Standard & Poor's B Positive
Standard & Poor's B Stable

Ghana
Agency Rating Outlook Date
Fitch B Negative 6/2021
Fitch B Stable 10/2020
Standard & Poor's B- Stable 9/202

Just30:
Ghana has the ability to pay off it debts because we invested the monies in highly profitable ventures and our SWFs have huge funds

Your country Kenya is already defaulting ..... Kenya is most likely to go the Lebanon way

The biggest athletic calendar after Olympic

World Athletics U20 Championships Nairobi 2021


https://www.youtube.com/watch?v=Bi2GrFeiPWE

I guess your bosses have issues - how will that affect their West Africa colonies. Of countries here likely to go Lebanon way - Ghana will follow Zambia. Its component of commercial foreign loans is very dangerous. Kenya is okay - only a third of foreign loan is commercial - the rest are IMF/WB/ADB - those are low maturing low interest - and you can always talk nicely to these non-profit making development banks.

So yes countries should avoid loading lots of commercial foreign loan - like Ghana is doing.

It won't be first time for Ghana tough - hyperinflation is their second name. I believe the Cedis at some point was 15,000 to a dollar.

On their nomal day - it double-digit - pretty bad for many countries.

obaaderemi:
The Unraveling Of Lebanon's Economy
I have been studying the financial crisis going on in Lebanon for about two years. I've never seen anything like it. Lebanon was once touted as the Switzerland of the Middle East. In the 80s and 90s, the economy of Lebanon was roaring. The currency was stable, its banks were big and strong, skyscrapers went up (Lebanon has almost thirty buildings above 100m), tourist resorts went up. Some of their rich men even invested in Africa.
Unknown to many, the whole economy was drunk on foreign loans.

Today, the chicken has come home to roost.
The currency has collapsed at almost 8000 to the dollar. A family of five today in Lebanon would need about 3.5million Lira to eat in a month.

The country defaulted on its debt for the first time ever in 2020. Its romance with the IMF has undone it. Any hope that the country would come out of its problems early is fast fading away.
You should be grateful you are not Lebanese right now. How did it come to this for Lebanon?

Kenya has a lot of private schools - especially at the primary level. Last I checked nearly 10,000. International school teaches international curriculum.

AfriqueDuZuid:
Ok 200k students

Its a display of lack of homegrown private schools, some of those you call international schools here they are mere private schools.

By the way provide a credible source claiming kenya is number one!

South Africa import 107; export 90b; you still have a trade deficit.
Kenya's economy is powered by huge domestic consumption.
We import 18B - and export 6B. The trade deficit has never been an issue - has Kenya has enough forex reserves - Kshs is one very stable currency - and there are no forex control. We know how to find dollars.
But our private sector is 2nd only to South Africa - in terms of FDIs alone in the region - East Africa basically depend on kenya companies
Kenya financial sector is 10 percent to GDP - 2nd only to South Africa in the insurance sector for example - 3rd in banking after RSA/Nigeria in SSA

AfriqueDuZuid:
something does not add up

6 billion of exports
Kenya imports way more than it exports
GDP 100 billion

What's the worth of kenya financial sector?

Banana republics dont trade because they export raw materials.
Kenya does an impressive 50 percent trade with Africa.
The only country to do so...our intra-africa trade shows we are able to sell stuff to other africans.

Just30:
second in exporting primary products

African countries don trade amoug themselves

West Africa and South Africa dont look to trade with poor countries in East Africa

Impressive.I only see Ivory Coast bananas and pineapples. I think you're banana deficit country - importing from Ivory coast. And Cameroun does well in bananas too

Appisko:
Ghana's biggest Banana Plantation (Golden Exotics Limited) located at Asutuare produces and exports over 50,000 tonnes of bananas annually to EU and some African countries. The irrigated farm which sits on 8,600 hectares of land also grows pineapples. The farm has 3000 employees.

Kenya has the most international school admission -in Africa - at 200,000 kids. UN staff in Nairobi are at best 1,000.

Just30:
you mean, schools for UN workers kids?

In Comesa - we are 2nd to Egypt in exports - COMESA has nearly all Africa countries except West Africa and South Africa
We export manufactured goods to rest of Africa. Manufacturing-wise - Kenya is up there.
We export 0.5B worth of apparels to US - leading in Africa.
Bla de bla

Just30:
And your problem is, Lunatic?

100% of your country export is primary product

And compare yourself with Kenya - largest non-mineral economy in Africa?

This year alone we could hit 8B dollars of export - zero minerals

http://www.xinhuanet.com/english/africa/2021-07/29/c_1310095560.htm
NAIROBI, July 29 (Xinhua) -- Kenya's exports in the first half of 2021 hit 369 billion shillings (3.4 billion U.S. dollars), according to figures released by the Central Bank of Kenya (CBK) on Thursday.

The largest export category was tea which generated 625 million dollars in the first six months of 2021 for the East African nation. The bulk of the commodity was purchased by Egypt, Pakistan, Britain, Russia and the United Arab Emirates.

Horticulture exports generated 624 million dollars to the country between January and June. The key destination for Kenya's fresh produce was the European Union, Britain, Russia and Japan.

Kenya's manufactured goods earned the country 236 million dollars in the first six months of this year. The major destinations for Kenya's industrial products were the East and Southern African regions.

Another significant export commodity was coffee which earned the country 149 million dollars. The rest of the country's exports consisted of chemical products and re-exports. Enditem

(08) Fruit & Nuts $367,242,320
(39) Plastics $224,400,624
(15) Fats & Oils $192,164,769
(16) Prepared Meats $146,383,937
(44) Wood $125,371,551
(28) Inorganic Chemicals $123,131,711

Add those = not even 1B dollars

Just30:
We can take away gold,oil and cocoa and Ghana's economy will still flourish and Ghana export will be still be 2 times larger than that of kenya with it tea and coffee

That is how irrelevant your country economy is

JM is a true genius.

kikuyu1:
You beat me to it! He's a visionary and an implementer; the exact opposite of Dangote. He's identified a need and has set ABOUT following a roadmap to success. Btw, I've heard over the yrs his true shareholding is min 4x the legal limit of 5%. He's well disguised with fronts, subsidiaries, nominees and shells.
Unlike a certain Naijjan EVERYONE here dyckrides who long ago attached himself to the teat of the Northern Elite...

Mad cow as always pulling figures from your a.hole

Fact= Ghana generates over 80% of its export revenues from three primary commodities - gold, crude oil and cocoa exports.
https://globaledge.msu.edu/countries/ghana/tradestats
(71) Precious Stones & Metals $6,199,720,355
(27) Oil & Mineral Fuels $5,315,922,521
(18) Cocoa $2,714,504,313
(26) Ores $394,815,449
(08) Fruit & Nuts $367,242,320
(39) Plastics $224,400,624
(15) Fats & Oils $192,164,769
(16) Prepared Meats $146,383,937
(44) Wood $125,371,551
(28) Inorganic Chemicals $123,131,711

Just30:
Dream on
Explain how 470 million dollars in oil export is 30% of total export

Aluminium and Bauxite export amount to 400 million

Combine them and still, what is left is almost 3 times larger than your country with all it mineral export

But building and cities are real estate. You either go with JLL or KnightFrank or such..
https://www.sharplaunch.com/blog/top-commercial-real-estate-brokerages/
Biggest real estates
1) JLL - no 2
2) KnightFrank - no 4

Vlain:
Yes and it is a crappy list.a mere real estate company.

Productivity of gold and oil -are you "God" to increase natural resources?

Just30:
Its not concerning cause it shows huge productivity

So it is positive

22B - 40 % alone is Gold. Then from 2011 - Oil - 30%. The rest is aluminium and Bauxite. Finally Cocoa beans.

Just30:


22 billion in export is economic productivity



That is almost 5 times Kenya's economic productivity


The result is, huge capital in the hands of ordinary Ghanaians.... making us live this good


https://www.youtube.com/watch?v=3KKhvR_3R6g

Exactly.

kikuyu1:
Start off from the foundation! DON'T cut corners and praise yourselves for being clever. Muthungu, if all goes well within 2 yrs will be manufacturing phones; next maybe tabs and/or laptops.
Iow, FIRST get the BASICS right: EVERYTHING else will follow.

Precisely. Their insurance sector is as small as South Sudan, so is their pension, their mutual funds, their unit trusts, their banking sector, their micro-finances, their cooperatives, their pension, private equities, public equities, stock exchange name it

gallivant:
Assets in management in Nigeria has got nothing to do with tiny Ghana. Tiny countries and people should only speak when addressed!

They have nothing. Just remaining 0.5B. The rest have been withdrawn to pay for debt.

This latest report from Bank of Ghana

https://www.bog.gov.gh/wp-content/uploads/2021/07/GPF-Annual-Report-and-Financial-Statement-2018-Signed-Accounts.pdf

Just30:
Ghana has 5 of them

And they all have billions in thems

Kenya has none

You can imagine building such units with cesspool/soakpits. You will need a honeysucker every day - because it will fill up. Not economical. They need to build a modern sewage system. I had a friend in Mavoko with such units...he used to spent nearly half the rent...monthly on emptying the cesspool.

kikuyu1:
Can you confirm these units will have toilets? As I posted before most homes in Accra are built without toilets,unbelievable as it may be to us.


https://www.dw.com/en/when-nature-calls-theres-a-problem-in-parts-of-ghana/a-45673374

That is exactly how you sound.
Ghana has two SWFs. Kenya has one. Ghana Heritage with 0.5B dollars total assets. Ghana Petroleum Fund - which is now nearly empty.
Kenya has one SWF - Kenya Petroleum Fund - that started operation this year - and is helping stabilize our diesel prices as we speak.
Now those are facts.

Just30:


Lunacy

Kenya has 40B SWF. Which part of that is hard to understand.

Just30:
does Kenya even know what a SWF is ?

stupid lunatic

It's not my list. It's JLL

JLL is headquartered in Chicago, Illinois, and it is the second-largest public brokerage firm in the world .[6][7] The company has more than 90,000 employees in 80 countries, as of 2019.[8]

Vlain:
Pls shut it and cease the lie.new Cairo capital is 45km east of Cairo- it’s still with the city limit not outside of Cairo . So yeah Cairo is a mega construction site that’s doesn’t need validation from ur crappy list.
Forget it nothing is going on in Nairobi. Nothing!!!!