₦airaland Forum

rvp20182:
Don't confuse kenya with Nigeria. Kenya is on steroids. You can take it that retail space has doubled in the last 5yrs

Retailers in Kenya's real estate sector recorded the highest prime yield at 9 per cent with prime rent of $42 (Sh4440) per square meter per month, according to Knight Frank's Africa report.
https://www.the-star.co.ke/business/kenya/2020-03-27-retail-market-has-the-highest-yield-in-kenyas-real-estate--report/

In an interview with WeeTracker, the Cape Town-based company says South Africa is followed closely by the Kenyan market.

Show me the link from knight Frank website..

gallivant:
This is a stupid answer considering the question was how is Ghana more developed than Kenya.

Don't cry idiot..he knows what shma was on and about

vaxx:
over 10 malls are in Accra serving a population that is less than 1.2 million. and more are still progressing.

I can provide a factual data that you kiberans are poor and prefer the kwegrerere market beside the dodora estate

Pls post it vaxx

gallivant:
You need malls to begin with so a Zoogerian wouldn't really grasp the concept.

Kenyan can afford mall spaces hence why your malls are packing up and some converted into worship centres and event centre

gallivant:
Like I told you even a Nigerian baby knows its destiny is being a refugee in South Africa.

Once again chennai..I talked based on the context I met .which was a comparison between SA & Kenya basic education..

rvp20182:
Yes, the flea market is cheaper of course slowpoke - but we cannot build an economy on informal black market - where you can buy substandard, illegal, bootlegged not-taxed stuff.

The day you'll teach me something - I will de-activate my account.
.

Lol what a goat...This goods in this is informal market can have the consumers pay indirect taxes...oh my bad I forgot I was talking to a Kenyan..maybe your govt over tax you much on simple thing that you don't even that.

gallivant:
They are all born with refugee mindset.

I was talking based on the context of comparism between SA and Kenya basic education

Baliv254:
im sorry kenyans love to ''photoshop'' mountains

This pics looks very Photoshopped.. honestly I don't what is wrong with you Kenyans..is it that you are too dumb to.omow Photoshopped/edited images or you just do that you raise your deflated ego and troll along.

vaxx:
while You knows nothing , so you need a remote server to do it for you.

Perfect way to describe what he usually does

Shma:
I asked austine.

He knows a lot.

Now your cheerleading nature is raising it's ugly head...quick cut it down

vaxx:
Ghana is currently undergoing 1.2 billion dollar project on health infrastructure alone. so I don't get your stupid bragging right. what do you stuply understand by that word

Skyscraper

vaxx:
That we be a stupid thing to say.

Lol that is why I asked him what he was saying
He has started again

Shma:
and if we say we're on the Same level with Ghana?
With population not being factored?

Lol sh*male you'vee started again..what is this suppose to mean

rvp20182:
[s]Kenya black-owned supermarket malls or supermarket chains - have maybe 500 stores now. South Africa probably have 3000 (if you exclude food stores, cloth stores, etc) - at least Shoprite South Africa has about 1,000 supermarket stores in South Africa -

Tuskys, Naivas and Quickmatt each have about 60 something - that is nearly 200 stores - that is Tier 1 in Kenya. We still have Shoprite(SA), Botswana dying thing Choppies, and French CarreFour in "tier' one - few stores but large stores. Karen Carrefour yearly gross maybe 50M dollars sales. Nakumatt is down and out - maybe 2 stores now.

Now below that are many small chains. And like Naivas, Tuskys and Quickmatta - these are own by black kenyans.[/s]

French Carrefour have 7 stores and they are grossing nearly 200M dollars in sales annually
https://www.nation.co.ke/business/Carrefour-records-Sh18-7bn-sales-in-Kenya/996-5517414-1rok51z/index.html

More ignorant speculations...nothing I hate more than this

rvp20182:
Do research first. Both Apapa and TinCan were 1.2M last year or around 1.3M . I.8M include the Nigerian eastern ports- like Port Harcourt. Your fake GDP simply doesn't make sense. South Africa are close to 5M TEUS.

One Egyptian port does 3.5M - and the next Egyptian port does 1.6M.
--- maybe they have Suez Canal - but still
Kenya probably handles 1.5-1.6M for all ports - Nigeria 1.8M - and you claim to be 400B dollar economy - powered by what??

More imaginations and lies..so it no longer 1.4m again it's now 1.6m.
Lol just round it up to 2m... Approximation should suffice.

rvp20182:
https://www.standardmedia.co.ke/business/article/2000192043/kenya-has-second-most-developed-retail-sector-in-africa

This was 5yrs ago.

In comparison to other African markets, Kenya’s formal retail penetration rate, which ranges from 30 per cent to 40 per cent, is the second highest in Sub-Saharan Africa and this places the country at roughly half the level of South Africa, where formal retail is estimated to stand at 60 per cent of overall activity, but twice that of Nigeria.”


Now we are surely in 40%.

Nigeria is the one at 18-20%.

South Africa is 70-80%

Lol by now you should know Sammy does the tolerate archaic stuffs...your retail sector has shrunk tremendously over the years.. Expect to be at 18-20%>>>
Get me a credible link that says otherwise..and pls it's shouldn't be from your govt.They cannot be trusted...
Oh and lest I forget your source must not take reference from any source provided by your govt either..

obaaderemi:
You are correct, Sammy. I think this is why Nakumatt, Kenya's biggest supermarket collapsed. Their current champion, Naivasa Supermarket has been struggling for 2 years and laying off staff. Choppies and Shoprite are closing shops in Kenya.

I believe when your check their formal sector won't be up to 40% has rvp has been yapping ...it should be doing 18-20% with all this supermarket packing up .

vaxx:
The research about Nairobi shoppers indicate majority will rather shop openly rather than malls. And the fact is not far fetched, 60 percent of nairobians are slums dwellers who lives from hand to mouth. shopping in luxury stalls is way above bills for them .

Your country can only correct that by improving the living standard of her populace.

no sound economics will undervalued informal sector except you analphabetic slowpoke.

True

vaxx:
factuality does not work for RVP. he is so dumb. I guess he lives in his own world.

The alternative universe of kibera

rvp20182:
Yes, I got to run buy some milk before our night curfew kicks in. As for you buddy, grab some book. Start with grade 4 Maths and English. And maybe one day you'll write something intelligent.

Lol the tantrums..don't come here heckling about SA and Kenya basic education...The former surpasses you in that aspect and all aspect actually

vaxx:
You think shopping in malls is just about buying discount Chinese product at a give away price . it is way more than that. there is this psychological concept of buying more than what you bargain for? hardly can scale of preference works for mall shoppers. because the more you see the more you wanted to buy, and coupled with the discount price, you are 100 percent likely to shop more than an individual who rather cut her coat according to her cloth in open market.

This is also true..you are tempted to buy more even though you know you are not financially stable for it... because people around you are moving around with filled trolley not empty ones....
No one wants to walk into a mall and come out with a bottle of coke...there is a shame such fellow might feel even though you will barely be noticed..

vaxx:
A larger chunk of the population will prefer to go shopping at kambi muru open market rather than west gate mall. it is about 'cost'" . that luxury to shop in malls is not available to over 60 percent urban Kenyans who lives in slum .

No I don't think it is the cost...Things in supermarket are relatively almost thesame price if not lesser than those sold in informal stores... except if the reverse is the case in Kenya
I think.it is about the income
How many Kenyans can afford to rent a space in a mall with their meagre income.

rvp20182:
You're afraid to read because it shatters your little Nairaland baseless point. The premise is based on empirical data.

No it is because it is written by idiots like you

rvp20182:
The amount of FDI flowing to the Kenya retail sector now is staggering. Start with French CarreFour. The Norwegian fund and others are throwing serious money.

Again, to become, 2nd to south africa, in malls, is a lot of hardwork and brains.

Lol and it will stagger more..darker days are looming

@bolded no it's alot of lies and village firewood cooking

rvp20182:
Why don't they choose Ghana? or Nigeria. You see - you idiots - exports all the oil/gold money to South Africa, Australia, US and UK - the money that could help develop your education.

Few South African universities are world class - no doubt - and so are a few elite schools. My kid is in South African private school in Kenya. But I am not talking about elite like me - who pay more than 10K dollars annually for primary kid - I am talking a BORNO Kid in Northern Nigeria.

Lol the comparism was about Kenya and SA edu. go let you puny brain cool off for a minute cos I see you are clearly losing it .you can barely think anymore..I guess you are delirious at the moment

A day old baby in naija when confronted with a choice btw SA and Kenya basic education will jump at that opportunity and choose SA..lol the baby would be like wtf is kenya

Lol you said SA have few world class unis, pls which one do Kenya have as a country... certainly no world class University exist in huruma-land

rvp20182:
Kenya formal retail only 2nd to South Africa in SSA. Digest that. Before you compare with the nonsense you have in Nigeria.

It is mostly empty and most are packing up .investor are crying..they were conned by Kenyatta middle class noise

rvp20182:
Read these articles written by south Africans with some brains. Kenya and South Africa kids - in thousands - national survey have been compared severally - and Kenya comes TOP - only 2nd to Mauritus.

1)
What South Africa can learn from Kenya when it comes to improving schooling
https://www.biznews.com/africa/2018/03/05/south-africa-kenya-education-schooling

2)Better education – Kenya’s history lesson for South Africa
https://workingwiththegrain.com/2018/02/28/better-education-kenyas-history-lesson-for-south-africa/

Let me know if you want more.

You already said it is an article..I won't bother wasting my precious time reading that wall of text from either a disguised Kenyan or a South African exercising his freedom of speech in his democratic nation for the sole purpose of fostering more development

Just30:
Between a Kenyan education and a South African education, my 2 years old nephew will choose SA.

Your nephew will have to wait on he is two to chose..right here kids will chose SA education over Kenya the minute they are born

vaxx:
This idiot actually says something very sensible for the first time on this thread. yet , this hogwash fact will still escape his mind when she is comparing Ghana to her hell- hole.

so have you now realised all malls that are collapsing in Kenya for failure of owners to services the rent bill as a result of low patronage and continue loss are waste of time and money. the money should have been channelled toward improving poor Kenyans instead of letting them starved.

Lol the major reason why Kenyan malls are collapsing due to low patronage is because their disposable income is very low and still falling... honestly I never expected it to grow when workers are constantly being laid off on a country that is supposedly growing at 6% high unemployment is the order of the day..with shrink purchasing power, middle class you name it

rvp20182:
Yes - we have Southern and East Africa PISA like test - for more than 10yrs years now - SACMEQ. ... Mauritius and Kenya are miles ahead. South African education is very horrible.

Education is not about the building. It's about resources. It more than that.

In Kenya the district that leads in exam results sometimes includes TURKANA.

Lol no.wonder majority of Kenya public schools are mud built even to this this 21st century.. pathetic.
Smh

rvp20182:
South Africa should copy Kenya education - you only excel in universities because you can attract Africa student and academia- but not for long. Your basic education is BASICALLY CRAP.

One of main reasons you're in the middle class trap - and will be stuck there - is LOW-QUALITY EDUCATION - that cannot produce the next generation of workers.

Countries that escaped to developed world like Chile, Singapore, Hongkong, South Korea, Isreal - are anal about basic education and watch PISA test results like a hawk.

Lol south Africa should copy Kenyan educational system.. except they are ready to school in mud built classroom with leaking roofs and flooded classrooms
Lol Kenya education is shiit..take that to the bank and cash it...period

rvp20182:
Ignoring the nonsense - tell us how 400B dollars economy can only have cargo throughput of 1.8M. Your biggest port is not even in Africa top 10.

The top 10 look like this - Egypt Port said 3.5M - Morroco Tanger 3M - South Africa Durban 2.7M -Egypt Port Alexandria 1.6M - Mombasa 1.4m *TEUS

Nigeria Apapa port is NOT even doing 0.5M . Apapa and TinCan - combined - they are doing 1.2M. That is how COOKED your economy really is.

Please lie to the South African who is looking for online support...

As for me - I can single-handily handle you and your entire clan - as long as you keep it mildly cerebral.

Stop screeching in pain..you are not a rat are you?
Maritime traffic exposed you.. Nigeria maritime traffic far surpassed yours .this is even one of the reason why Kenyan data cannot be trusted ..your govt cooks every single thing from power sector,to economy,to railway sector, maritime you name it...but real time tracking always exposes you ..

Fake Kenya,fake country