Now we send so many nobody talks about them. They are so many - Equity Bank and Afrisap - alone send 100s.
As for Prof - we have had those. Infact after death of Prof Juma - harvard has agreed to give two scholarship to kenyans every year
Equity Bank will from 2018 begin to offer scholarships to Kenyan students to study at Harvard University in the United States.
Equity Group Chief Executive Officer James Mwangi said that Harvard University agreed to the proposal in honour of late Kenyan scholar Professor Calestous Juma, who was a lecturer at the institution until his demise last week.
Abohboy: So you don't really go there today is what your saying essentially meaning your students are not all that smart
And just last year a Nigerian was appointed as a proffesor in Harvard University by the way when it comes to education in America China, India and Nigeria are at the top
Let not get into useless polemeics. Your macro-economics are not working. Dr Ngozi saved your 18B dollars. She won international aclaim and is here in Geneva running WTO. Nobody knows Prof Soludo outside NIgeria.
Your banks are not working - but youre such a dysfunctional country - its probably the only thing with semblance of order. The interest rate they charge makes the cost of credit and business an impossibility.
You keep shouting about Kenya GDP when all facts are staring at you. Look at Kenya banks - in 10yrs - only one was in top 80 (your own data) and as we speak 10 - are now in top 10. 10yrs ago Kenya ports were handling about 0.5m TEUS - now its 1.5M TEUS. Pick any sector - kenya economy has trippled the last 10yrs. And has grown almost 10 times since 2005.Kenya taxes in 2005 - was merely 2B dollars - now it's approaching 17B dollars - total of 21B dollars (revenues) - that is almost 10 times. Kenya electricity connection was 0.4M - now it 8m - approaching 9m.
Kenya was not even top 10 economy - 10yrs ago - now it's 6th - and soon the 5th.
Kenya since 2005 - is growing very fast - and if we keep it for another decade - we will become a proper middle class country
obaaderemi: You have lost this one as usual. The banking consolidation took place because Obasanjo wanted it. Our banking sector then was like Kenya's banking sector today. We had big banks that didn't need any mergers and we had some weak and regional banks that were not doing well. Obasanjo, on advice from Soludo, wanted to change that so he increased the capital base. My own regional bank didn't even need to merge with any bank. It's still retaining its old Name till today. But some small banks got swallowed up by the big boys, pretty much the same way Nigeria's banks are swallowing up Kenya's banks today. Soludo was the man behind that consolidation. It had nothing to do with Ngozi. He was a starboy. Read up on Soludo's profile and weep. He outshone Ngozi, who was just a bureaucratic type. If he made a mess of it, how come today our banks are some of the biggest in Africa and swallowing up Kenya's banks? Whether Ngozi or Soludo, they're both Nigerians, my son. You are free to contact Ngozi to save your country. At least our debts are more sustainable than yours. We are not as indebted as Kenya and China and IMF are not holding us like they're holding Kenya by the balls. When IMF brought the Debt Service Suspension Initiative, Kenya jumped at it, Nigeria rejected it. If you had not borrowed irresponsibly, you would have followed Nigeria's example. But Kenya is broke and resource poor. We are already seeing the results. Nigeria's banks are swallowing up Kenya's banks. I like your optimism. But it takes more than optimism to build banking sectors. It's about smart bankers and the size of the economy. Your GDP is too small even with all the cooking. $95bn is risible. Totally risible.
Its the reason why Africa is under-developed. Countries should try to formalize it and grow into SME. In any developed country SMES - are the backbone of the economy.
How do you convert Informal sector to MSMES - by formalization - that allows those small informal business to grow into SMEs - few to grow into medium - and some to large corporation.
obaaderemi: The unregulated informal sector is where the real money is. It's the backbone of any economy in Africa and the main source of employment.
As of July 31, 2021, over 5.84 million passengers had been transported. During the same period, over 1.389 million TEUs were transported safely, as Africa Star Railway Operation Company (Afristar), the SGR operator, ensured the safety of goods and passengers on transit. Afristar had so far operated the SGR Safely for 1523 days as of July 31, 2021.
Kenya went to Ivy league in 1950s under the John Kennedy Airlift programme - it's not big deal anymore. The likes of obama father were there in 1960s. At least 800 kenyans were taken to best US universities then
The first Kenyan to go to Harvard was renowned media personality, Hilary Ng'weno. He joined the institution in 1957 to study nuclear physics, never mind there were not many industries at the time in Kenya. He would later return to Kenya in 1962, becoming Kenya’s youngest editor-in-chief at Nation in 1965 and went back to the US as the first African fellow of the Harvard Center for International Affairs between 1968 and ’69.
Kenya has cemented its position as the top African country with the largest number of students admitted yearly to the prestigious Yale University in the United States.
Data from the university indicates that 24 Kenyan students have been accepted to study at the institution this year, ahead of Nigeria’s 23, Zimbabwe (18), Ghana (17) and South Africa (16).
Abohboy: Show me one report of a Kenyan going to an Ivy League school every year from September till March the front page of Nairaland is filled with Nigerian girl or boy or whatever wins competition and gains scholarship to insert oxbridge or ivy league school i've never seen the same for Kenya though
I never said attending international school is a metric - of knowledge. It only make sense if youre looking for kids to have an international experience - multicultural settings - or like me when you are moving around - I cannot take my kid to south africa public school - then next year I change them to Nigeria school.
I think in terms of IVY league - kenya leads or equal Nigeria - despite the population difference. These are mostly poor kenyan kids graduating from high school.
Abohboy: Since when was going to an international school a metric of knowledge I know people who went to the British international school here in South Africa who are idiots.
And in any case I asked where are the Kenyans who go straight to the top universities in foreign countries without any foreign education as in straight from Kenyan secondary school to Harvard with a full scholarship such happens in Nigeria every year very often and many of my family members on both sides have even attended oxford business schoo, harvard, cambridge and other of the top universities in the world I hope when the time comes I will also make it into those universities
Althetics - kenya took position 3 worldwide. While Ghana won a bronze first time since 1992 - in boxing. Nigeria - got a silver and bronze - for the 200m people. South Africa - only 3 medals.
Public school in Limpopo is not the same with white public school in Western Cape.
AfriqueDuZuid: Dude even in england schools can never be equally funded or equally equipped the schools in metros cities towns will be better equipped than those in rural areas.
Actually why are we even speaking about private schools? My emphasis was on public schools that SA using same curriculum at a public school in Sandton and one in Qunu in EC.
Elon musk went to a public school, also to a public university. Infact 90% wealthy people attend public schools
Kenya middle class kids go to private mostly boarding school - where studying is even worse - because kenya compete for good public secondary schools and universities. it only a few that can afford international schooling that kids relax.
Most kenyans take their kids to boarding school as early as 3rd grade - the boarding schools need to ace their exams - so they extract as much as they can from the students - long hours of studying is almost a given.
“On average, international schools educate about 200,000 Kenyans. Further, the department of immigration processes on average 20,000 student passes every year, with the bulk of those being for students attending international schools,” said Jane Mwangi, secretariat coordinator of the KAIS.
The lobby group for elite private schools states that the rise in the number of international students has been driven by increased expats due to its regional and logistics hub status.
This also due to the high number of consulates, embassies and foreign-owned companies.
“Kenya is arguably the international school hub of Africa. We have seen a great rise in students coming from East and West Africa,” said Ms Mwangi.
Abohboy: So lack of proper transport infrastructure and lack of availability of schools in an area is something to brag about? In any case for a middle class Kenyan family they don't have to wake up at 4am to go to school now do they?
The shackman - doesnt want to admit to the long established apertheid education system in Azania
Abohboy: Why are you lying in South Africa there is clear difference between schools blacks and whites go to most black people go to poor public schools meanwhile most whites go to private schools as an example use google earth and compare
Grayston Prep ( Private School ) To Sandown High School ( Public School )
They are literally across the road from each other in one the buildings are unmainted in the other one they are well painted and the grass maintained
Yes 10yrs ago - it was only KCB - now in top 80 banks in Africa - kenya has 10. Next 10yrs - it will be 20 kenyan banks - with at least 5 banks bigger than any in Nigeria - Equity, KCB, COOP, NCBA and DTB have their regional game on. Broke Ethiopia desperate for finances will likely open up its banking sector like they have done telcom - both DRC and Ethiopia - represent nearly 200m population of mostly unbanked people - just waiting for Kenyan banks who understand such kind of bottom pyramid.
kikuyu1: Apart from YOUR inability to appreciate the OBVIOUS and constant lying you have no honour! Black MOFO, the list is a decade old! FK OFF!?
Nigerian banks did not consolidate becaue Obasanjo or Soludo wanted or loved it. They had to. They were broke. The country was broke. It was like kenya banks in 1990s - when we forced many small banks to collapse - and form a moribund bank consolidated bank of kenya.
Dr Ngozi was the engine of those reforms. Soludo was to execute and according to Dr Ngozi - she made HUGE MESS of that execution - it no wonder Nigeria banks charge 30 percent interest. WHO DOES THAT IN THE WORLD
Now I am not going to waste my time btw some Soludo and world acclaimed Dr Ngozi - who saved you country.
All her efforts are now down the drain - Nigeria debt is back to the same places - maybe the banks are not collapsing - but they are no helping anybody with interest rates as high as 30 percent.
Nigeria banks expansion is hilarous is you ask me - strategic wise - but we shall see.
Equity bank 10yrs ago - it assets were not even 2B dollars - now its 10B - and will hit 25B dollars by 2025 - beating any Nigerian bank.
Kenya banks are moving fast
obaaderemi: I am sure you quickly ran to the internet to read all you could about Soludo. If you had read well, you would have seen Ngozi saying Soludo was responsible for the consolidation of Nigeria's banking sector. Again, you proved your ignorance about the different roles of the finance ministry and central bank. You are a functional illiterate. Ngozi didn't consolidate Nigeria's banking sector, that was the job of Soludo, the CBN governor. And Ngozi attacking him was political. Ngozi was just defending Goodluck Jonathan. Don't just read news about other places and pretend you understand what's going on. It was all about Obasanjo and Soludo who was Obasanjo's economic adviser even before becoming CBN governor. Obasanjo was the president at the time. He hated the idea that Nigeria was owing so much. Against all advise, he stubbornly went ahead and cleared the debt. That's why we have less debt than Kenya today and not begging left and right for debt repayment reschedule like you little Indians. Kenyan banks have traditional been very small and insignificant in the whole scheme of things in Africa. The big boys are South African, Nigerian and Egyptian banks. Equity Bank your biggest bank is smaller than First Bank our 5th bank by total assets. Stop comparing banks between Nigeria and Kenya. You will keep losing. Your total assets is $45bn, less than half of Nigeria's. So where is the basis for comparison? We own banks in Kenya, so some of that $45bn actually belong to us. Access bank Nigeria just bought banks in Kenya, Zambia, Mozambique and elsewhere. Where are your timid banks. In banking you have a lot to learn from Nigeria. The same way you can learn from us in debt management. If you would only stop talking too much like a stvpid parrot. Corporate taxes are not a sure indicator. Informal sector is also a part of private sector, even bigger than formal sector especially here in Africa. In economy, there is absolutely little to compare between Nigeria and Kenya. I would rather compare Kenya and Lagos.
Kenya SGR started main operation in 2018 - passenger in 2017 - and the ignorant folks like you - think it can break even so soon. No - it's way China gave us 30yrs to repay this loan.
2018 and 2019 - there were a lot of teething issues - mainly in Nairobi Inland Depot (handles 450,000 TEUS) and last miles issues.
I believe this year it could hit 5.5m and break even. This just the Nairobi-Mombasa section..phase 1.
Nairobi to Naivasha to Kampla (with Inland depot in Naivasha) - with MGR - all being renovated - will also push the figures higher - so KR revenues will start to exceed 200m usd soon.
Operational cost should not grow because the number of trains being run remain the same.
68816419: @ at the bold, can you please provide figures that support your claims and these figures should comes with the yearly operating cost as well?
Next year it should hit 5.5m tonnes - which the break even point. As for bankruptcy - that is normal in a normal business world - one goes down - another comes up. If Nigerians companies are not going down - they are either not trying hard enough or they are monopolies. In a brutally competitive enviroment like kenya or international airline - one or two mistakes - you're out
68816419: when do you then think your SGR would break even?, and how can we be assured that your SGR wont go the ways of KQ,SGR,Nakkumat,Tuskys, Uchummi, Banks?
Kenya we are beyond getting excited with Africa games - we are thinking hosting the olympic in the near future.
vankelvin: Ghana can easily host any tournament you have ever hosted even if we are given 4 months to prepare but you can't host those that we have hosted cos you don't have the facilities.
What do a country need to host a Rugby tournament?
2023 All African Games will happen in Ghana. Have you heard any news of us building a new Stadium for that? We already have the facilities, something your country need to learn from us.
68816419: Every figures are cooked in Kenya from KQ, supermarkets, Banks and now SGR , all these were said to be making profits not until the truth were revealed.
You can find all kind of stories in kenya media about SGR but fact is SGr is always full - carried 1.5m passengers in 2019 alone - and cargo is about to hit 5.5M tonnes - which break even point.
Long before we complete the Uganda section - rehabilitation of the MGR - that is about done now.
You mean football or what? Kenya sports was devolved to counties; Each of 47 county is building football stadiums of some sorts. We have two good national sports stadium at Kasarani and Nyayo - both recently renovated - enough to host many events.
We have other stadias for other sports - swimming, rugby, crickets, name it, motor racings, gun shooting, name it
If today Ghana and Kenya are giving 4 months ultimatum to prepare and host a major World tournament like Common wealth Games, Under 17,20 world cup etc, Ghana will easily host those tournaments because the facilities are already available. We'll only need to do some little renovations here and there.
But Kenya can't host it even if you are given 2-4 years ultimatum. That's the difference
Safari rally and those tournaments you've been hosting are nothing.
Nobody expected SGR to break even in first almost 10yrs. That is the nature of the railway. But already SGR has achieved a lot of it's objective - including faster and safe evacuation of cargo - making Mombasa port now Africa most efficient port.
Nobody is forced to use SGR - kenya judiciary said no.
There was covid-19 but SGR is likely to hit 5.5m this year and break even.
SGR - will make even more money once we complete the rehabilitation all the way to Kampala. Uganda are doing their bit now. Kenya is also doing rehabilitation of the old MGR line - and has connected Naivasha to MGR.
68816419: NIGGA, u are a pathetic liar, stop consoling your self, your SGR can never break even , even with fact that your government forced importers to use the costly new Chinese railway, yet no profit has been recorded,your loss making venture has failed to break even for the fourth year in a row you have been able to rakes in a paltry $101 million in sales with massive operating cost. stop brushing your egos and leave according to your means
We have sporting variety - we are not just a footballing nation like Ghana - get that. We host world events. Ghana is not likely to host any world event in your lifetime.
Now start playing other events - start with even football cousin rugby
vankelvin: What facilities do you need to host safari rally? How much did you spend in hosting?
You don't get it. These tournament are not a big deal.
Stop consoling yourself. Mombasa-Nairobi - 500kms - carries 6,000-8,000 passengers - and pre-covid - carried 1.5M passengers in 2019. The 4 passengers train are always full - and more than that - we have about 30 trains daily carrying cargo.
Mombasa-Nairobi train is essentially a cargo train - not a passenger train - and it's now ferrying 5m tonnes per year -
In 2020 - covid - it carried 4.4m
2020 mid to this year mid 2020
The SGR performance between June 2020 and June 2021 was remarkable with the total TEUs standing at 284,815, bulk cargo tonnage at 366,008 while the total tonnage for the fiscal year was pegged at 4,584,173 tonnes.Jul 5, 2021
The break-even for Kenya Mombasa-Nairobi SGR is 5.5m tonnes annually to break even and repay its construction and operational costs
And it's now very close...
68816419: Even their SGR has never carried more than 43,000 passengers on monthly bases and the sad news is the fact that the Kenya's SGR system is has always been at lost just lik KQ and may never break Even
NTSA: No one said AFCON is a joke,For your information More than 100 delegations have confirmed attendance to next world under 20 championship.The just conculded safari Rally injected dollars 600 million into the Kenyan economy plus it had over 350 million digital impressions thus can not be classified as a small event.
After AFCON what do you do with stadiums? They remain empty. Kenya is investing in properly sized stadiums. Why invest for AFCON that you will likely host again 52 yrs later. That is what made Greece bankrupt with Olympics.
vankelvin: Those tournaments are not major tournaments. It won't shake the economy of your country. Try hosting the major tournaments and you will know how it feels to host major tournaments..
If you think AFCON is a joke try watching Cameroon AFCON preparations and you will understand.
Do you know how much a standard Stadium costs? let alone the other facilities.
Well, their work ethic is to be admired, esp by us africans.Their discipline and strictness to time/order. Their committment to their word. These are attributes both whites and asians have - and are lacking in Africa culturue. Mzungu tops it up with exploratory spirit - their unsettled restless urge to travel. But yes they have a strange fondness to pets (mostly because they are lonley living hermitic live without large families) - can be sexually defiant (coz they can do whatever they want) - and as for the shower thing - I imagine it's a problem to dry their long hair - more like a dog get washed weekly or monthly for that reason - otherwise with hot shower - and bathrooms everywhere - that probably the only thing Mwafrika will fear in water. The same reason african women with fake long hair - can go for month without washing them - for fear of breaking it or having to dry it up - leaving such odour.
kikuyu1: Living in a country where ishyt works is in its own way relaxing. Oyinboland,however has certain universal drawbacks and dysfunctions for normal black people: -- the pathological anthropormification of animals, ESPECIALLY dogs - the strange attraction to LGBTQ F'ERY -the neurotic insistence on equality wherein a 4 yr olds opinion carries as much weight as say a 50 yr old Zoology prof The normalisation of a lack of personal hygiene is depressing! The funniest THING is public spaces, the parks, theatres, eateries etc, etc are ALMOST antiseptically clean particularly in Germanic Europe but the people are often stubbornly indifferent to regular bathing. Its NEARLY a given when laying the Dee with a Euro chick she'll simply get dressed and go to work, school or office; unthinkable here in Africa or say Japan. Even when they do bathe its frequently just a shampoo. They assume the soapy water runoff is good enough. Its not! Oyinbo college women in the US are addicted to febreze,a fabric freshener they liberally spray on their jeans and sheets for up to a month!?
It's both genders. I had a Canadian pal who showered only 2 or 3 times weekly. Half the Euros I've known are similar. Friends who've used public transport in winter have well nigh wept describing the smell! If you think this is BS see Becky here showering ONCE EVERY SIX DAYS!? https://youtu.be/kcoTqHJazJw
2.03 HAHAHA!?
Studies have been done:
[url]One in four Britons don’t shower every day. And the rest aren’t doing it right/[/url]
TERRIBLE! And these MOFOS ALL swim, scuba dive, water ski and AND ISHYT whenever they can, what the ACTUAL FECK!? Go to any European water body in the summer and see for yourself.
Its Euros of ALL CLASSES. From the majority middle class to the upper class and Elite with 30,000 euro per sq ft Gstaadt mansions like this . I HONESTLY wonder maybe the escape from continental poverty starts with abandoning personal hygiene? Maybe the money saved from not paying for soap and water can go into technical innovation after which we'll conquer the world? A bright student will write a paper on this one day.