₦airaland Forum

mtisTheQubit:
Kazi do you know tylann's university got a factory which manufactures margarine just like the one you posted...an it's just a university

Tell him
My university produces margarine , yoghurt , cheese , bread.

And we are building an agro industrial park
We will export all the processed agricultural goods to Tanzania

mtisTheQubit:
Kazi is not happy Uhuru an magufuli are buddies of late...kazi we coming for your shambas an babes

Yes of late Uhuru and magufuli are buddies
We even returned they gold and cash which had been smuggled out of Tanzania by Tanzania corrupt officials

The relationship between Tanzania and kenya is returning to normal

chrisagyei:
That's the thing. As much as you have the capacity to pay your loans,you can borrow even far more than your GDP figures. GDP is just an estimated imaginative figure.Your annual revenue is the visible money you feel and get that determines your ability to service your debts which should not also affect your expenses on national infrastructure,recurring expenses and national development.Anyone can cook up or hype GDP figures but you can't fake your revenues and generations.Kenya is on the right track.Most developed countries have debts bigger than their GDP including Japan and USA. Ghana will continue to borrow until we max out,we will return to the IMF for prudent economic management and increase our credit credibility then we will resume back to excessive borrowing till we really close our infrastructure deficit which is 10 billion dollars annually.This year,we are spending 2 billion dollars on just road projects building over 6 interchanges,thousands of kilometres tarred roads and highways nationwide.We are working on a century bond of i think 50 billion dollars.After everything,we will sit down and relax and watch the infrastructure development pay for it's self.Then we will say we're a developed nation.This national plan will be achieved in the next 20-50 years.

Nigerians on this thread refuse to think
Kenya borrows to build infrastructure
Ghana borrows to build infrastructure
Nigeria borrows to pay civil servants salaries

And as we have told them it is revenues that pay debts not GDP
Kenya revenue collection is good
Nigeria revenue collection is mediocre
They budget is heartbreaking for a country of 200million people

Kazikazi:
What kind of question is that?

Now tell me, are our tausi still alive in Nairobi's state house?

It is a simple question are you in Tanzania attending the conference or in south Africa ??

About the tausi those are not your tausi they are Uhuru kenyatta's tausi they were gift from magufuli

samorobo:
I am not here to indulge my self in your silly discussion and argument. .I am just here to tell you

You are the one who started this silly discussion
You are taking Tony elumelu giving $ 5000k to 113 Kenyans as a big deal
He should take Nigeria's mind blowing poverty as his responsibility first

samorobo:
What have kenya done for africa or even nigerians,

A lot

mtisTheQubit:
We don't come up with ranking....by the way most of the rich investing in Kenya are not Africans. ..so please lagos can keep all that corrupt rich niggs ..we care less

The ranking was not in order
Leave those Nigerians alone

Even they billionaires are buying homes in kenya

Kazikazi:
busy day in Tanzania

Are you in Tanzania attending the conference or you are in south Africa

mtisTheQubit:
I think ths guys are not happy we getting cash....it's the some argument about whites in Kenya. ..typical naijas

.

As if they are the ones who are going to pay the debts

vaxx:
nah, kenya economy primarily depends on agricultural commodities( mainly Tea and coffee). I understand there is little minerals in kenya to trade but there is abundant manpower in your agricture sector.

It is tea and flowers
Coffee is Ethiopia not kenya
We are in Africa agriculture is the main economic activity in almost every country

samorobo:
Seriously. .so why was world bank and the chinese skeptical about loaning you more money few months ago

They ended up giving us the loans so

68816419:
Same from same site.

The latest CBK weekly report shows that Kenya borrowed on average Sh129.5 billion per month in the last three months of the 2018/2019 fiscal year, indicating a rush to close the budget deficit that stood at Sh635 billion for the year.
The outstanding stock of external debt hit Sh3.02 trillion by the end of June, while domestic debt stood at Sh2.79 trillion. This was an increase of Sh488.4 billion compared to March 2019, and Sh770 billion compared to the debt levels in June 2018.
Public debt has expanded by an average of Sh680 billion annually in the past five years.

And so what
We are paying our debts we have not defaulted on any

samorobo:
Yeah he could have made it all about nigeria but no as a nigerian we always keep at the back of our minds that this continent is our responsibility and you guys know how to take advantage of that by siphoning all our money and then biting that very hand that fed you

Which responsibility are you talking about
And second we don't siphon your money
And where have we bite your hand if i may ask

68816419:
Fool, tackle ur debts first, In 2019, Kenya debt had risen to an absolute amount of US$50 Billion against a GDP of US$98 Billion. This makes public debt level stand at 51% of GDP as of 2019.
Nigeria's Government debt accounted for 16.1 % of the country's Nominal GDP in Dec 2018, compared with the ratio of 16.2 % in the previous year. Nigeria's government debt to GDP ratio data is updated yearly, available from Dec 1981 to Dec 2018. Meaning the debts are been properly serviced.

Madafacker why are you abusing me
If you can't counter what i say don't quote me you b.itch

And about debt it is revenues that pay debt not GDP
Your budget is too minuscule to pay any debt

68816419:
I wonder , they kept shouting " our economy is the most diversified in Africa" yet, Natural commodities make up of 98% of the GDP with little manufacturing .

Which natural commodities are you talking about
Please name one

Vaxx was mistaken there

samorobo:
Yes thank that nigeria man properly cos he always make sure yoy guys goes home loaded..you guys came and took alot of fund from both lagos and abuja

Tony elumelu

Decided to help start up business across Africa
Don't get yourself

edon21:
thanks to Nigeria also. don't leave that out

Thanks to Tony elumelu

About Nigeria i have reservations for that

https://www.the-star.co.ke/amp/news/2019-08-06-plans-for-jamaica-kenya-direct-flights-after-uhuru-kingston-visit/

mtisTheQubit:
They have no idea..

Yeah

Not only Nairobi Kenyan coast , laikipia , Nakuru etc

mtisTheQubit:
I know you can't believe it buts it's the truth...even naija rich are here...

They will never believe it

European billionaires and Nigerian billionaires are busy buying homes in Nairobi

Thanks to Tony elumelu

https://www.businessdailyafrica.com/corporate/marketplace/113-Kenyan-startups-to-get-funding/4003114-5223714-view-asAMP-10knf6vz/index.html

Jonraid:
Top countries in the world where the rich reside

Vietnam
India
China
Kenya
Australia
Russia
United Arabs Emirates (UAE)
Hong Kong
Singapore
South Africa
The United Kingdom
United States of America
Brazil
Monaco
Saudi Arabia
Switzerland
Among the top 16 countries in the world where the super-rich are comfortable to live, there are only tow African countries; Kenya and South Africa.


Data by Global wealth sight

Thanks to our vibrant real estate sector

Yobeezy:
Add tourism and ICT too

And real estate

Acadavah:
How always you came with empty blatant claims. In Tanzania the largest cement producers are:
1: Tanzania Portlant cement Ltd( own by Heidelberg)
2: Tanga cement PLC( own by Holcim)
3: Dangote cement:
4: Mbeya cement( own by Lafarge)

There are 13 cement factories in Tanzania

Iam trying to say dangote is not good for your economy

He will unleash his monopolistic tendencies very soon

Acadavah

We know you like dangote cement

Because he has monopolized cement industry in Tanzania

Acadavah:
I am not jealous but that is the truth. If price of Tea and flower went down, your economy will be hit hard. Much of your foreign currency come from Tea, flowers and Tourism.

No we will not be hit hard
Our financial and service sector are still dynamic
Our retail sector is also pretty dope
Our tourism sector was hit hard by the terrorist attacks some few years back , our economy didn't collapse , we never went into recession our economy continued growing

Be the best with what you have
Kenya is not rich in mineral resources like Tanzania
Kenya doesn't have huge arable land like Tanzania
89% of Kenya's landmass is arid
So we maximized the small that we had and that is tea kenya is the largest tea exporter in the world
We are among the largest exporters of flowers in the world
And very soon we will be among the largest exporters of avocados

chrisagyei:
what I know is according to videos on YouTube and people's experience,Kenya and Nairobi especially is far developed than any city in Ghana including Accra. About quality of life,Ghana looks very good on paper and good in actual living.We have implemented national policies that benefits the masses such as universal free basic health, free compulsive education from basic to secondary education, national youth employment schemes that employs and trains millions of our youth,massive infrastructure development,there's national access to basic infrastructure such as uninterrupted power supply,various treated pipe borne water installation,in fact our poverty rate is about 21% which is one of the lowest in the continent,etc etc just as any progressive sub Sahara African nations such as Kenya,Tanzania, Botswana,Rwanda, Namibia and others keep experiencing but we are somehow a little lower population of about 30 million people with very large different natural resources but as you said little value is added to these natural resources for exportation.All the same Kenya and Tanzania is huge and progressive so they definitely have bigger infrastructure and projects and since there is little natural resources to export, they mainly concentrate on local generation revenues such as massive service industry and tourism. Nigeria never impresses me when it comes to anything positive since they're over reliance on oil thus give very little concern to internal and external avenues that takes in huge revenue and possibly reduce youth unemployment.East Africa is doing impressive on that angle especially Kenya,Tanzania, Rwanda and Ethiopia

Ghana has a better social services than most African countries including Kenya
And that is where ghana beats kenya the Ghanaian govt knows how to take care of its citizens than the Kenyan govt
Iam glad the Kenyan govt is implementing the universal healthcare program which i believe ghana has it already in place

Ghana is also blessed abundantly with natural resources unlike kenya and ghana is more peaceful than kenya

Acadavah:
Ghana is doing so great. I hope that reflects also in Ghana's citizens quality of life. I think African countries should do more in developing manufacturing industry. Kenyans has been bragging here of diversified economy but in reality is just Tea and flowers.

Yeah it is tea , flowers , avocado , milk etc and that is agriculture
What about finance and banking sector
Retail sector
Manufacturing

You are just a jealous tanzanian

vaxx:
GHANA in progress

spring and bolts company company ( 1 district 1 factory) All these are made in Ghana.

Ghana has alot of mineral resources so it is easy for you to build factories to process them

Kenya is just building agro processing industries

mtisTheQubit:
American Billionaire Showers Uhuru With Praises

American tycoon and business Mogul Warren Buffet has showered President Uhuru Kenyatta with praises over what he termed as futuristic investments for the country.

He also stated that this was one of the reasons why Kenya has one of the strongest economies in Africa.

“In the same vein, it is refreshing to see President Kenyatta, act with the future in mind,” he added.

.

When Uhuru Kenyatta delivers his big 4 agenda
Kenya will make a great leap forward

vaxx:
Ghana progress continue.

1 district 1 factory.....



1D1F: PRESIDENT AKUFO-ADDO COMMISSIONS LARGEST DIAPER MAKING FACTORY IN SUB-SAHARAN AFRICA

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has commissioned the Sunda Ghana Diaper Ltd, the largest diaper making factory in sub-saharan Africa.

President Akufo-Addo undertook the commissioning of the factory, which is operating under Government’s 1-District-1-Factory initiative, on Wednesday, 6th December, 2018, the final day of his tour of the Greater Accra Region, at the Bortianor, in the Ngleshie Amanfro constituency.

With an investment of some $84 million, the Sunda Ghana Diaper Ltd will be one of the largest projects operating under the One District One Factory (1D1F) initiative, and will be exporting its products to markets in sub-Saharan Africa.

Good for you
Nigeria is next door such a huge market for you