Tanzania
Ground breaking on the construction of Africa's biggest glass factory in mkuranga ward,coast region. The factory will employ thousands and thousands of folks.TZ will be Africa's most industrialised nation by 2030

Dodoma, Tanzania
The making of a capital

Kazikazi:
Tanzania
Ground breaking on the construction of Africa's biggest glass factory in mkuranga ward,coast region. The factory will employ thousands and thousands of folks.TZ will be Africa's most industrialised nation by 2030

I hope your neighbour with the dwindling fortune learns from this.

Mkenya2019:
Let try the future..sounds as ignominious as your slave trading past.

A team from the International Monetary Fund (IMF) is to review Ghana's request for a $3bn loan that heightened criticism against President Nana Akufo-Addo’s economic policies. Here's why the west African nation is seeking its 17th bailout since 1957.

Ghana’s return to the IMF within three years underscores its deeper economic problems

Ghana’s approaches to the IMF, which have averaged every four years over the past 65 years, tell a story of recurrent failure of government to properly build the economy to withstand internal and external shocks. Ghana’s lack of fiscal discipline, and its recent history of dependence on foreign financing – with as much as 48% of the total public debt being held by external investors – leaves the country vulnerable to swings in investor sentiment, and accompanying portfolio investment selloffs.

Is Ghana better than Kenya? Yes or no?
I want to show you something.

I am still waiting to hear about Zoo's HDI.

obaaderemi:
Is Ghana better than Kenya? Yes or no?
I want to show you something.

You're still launching factories with fanfare this 21st century; they should be opening almost daily.

Kazikazi:
Tanzania
Ground breaking on the construction of Africa's biggest glass factory in mkuranga ward,coast region. The factory will employ thousands and thousands of folks.TZ will be Africa's most industrialised nation by 2030

Not every IMF facility is a bailout. Standby facility is not. What you want to look out for is Extended Facilities. Kenya had those in 90s in stop-go reforms of Moi era. After that we have been generally fine...only taking standby facilities.

Just40:
Ghana has been to the IMF 16 time and only take 2,549 million over the last 60 years.
Obviously Ghana does not go there for the money but the stability it creates in it market and politics.

Kenya has been there 22 times, do you care to post how much your country has taken?

Your country took 2.3 billion last year for budget support and will be taking 3.6 billion this year to pay china

Just40:


Someone is now busy interrogating his country history and is getting depressed by how much of a weakling they have been

obaaderemi:
Someone is still butthurt about his past.

You can't erase the history of the Trans Atlantic slave trade no matter how much you deflect.

Kazikazi:
Gallivant gallivant my son,pass this hurdle

Dangoteism.

You remain one of the poorest countries in Africa.

Mkenya2019:
Not every IMF facility is a bailout. Standby facility is not. What you want to look out for is Extended Facilities. Kenya had those in 90s in stop-go reforms of Moi era. After that we have been generally fine...only taking standby facilities.

what an excuse ... You still manage to put yourself in a deeper corner since Kenya has more Extended facilities than Ghana.

Ghana has 7 while Kenya has 10 or 12 of those

Next excuse for why you've collected 6 billion from the IMF over the last 60 years

Their bonobos of Haiti are still acting like they never left Ghana

https://www.youtube.com/watch?v=Glx7AmJW_FY

gallivant:




You can't erase the history of the trans Atlantic slave trade no matter how much you deflect the issue.

Just40:
what an excuse ... You still manage to put yourself in a deeper corner since Kenya has more Extended facilities than Ghana.

Ghana has 7 while Kenya has 10 or 12 of those

How many economic bailouts has the Gold Coast received?

Since 1990s - you've been on extended facility aka bailout.
Kenya has had few of those...generally on standby facilities (that are rarely drawn or cashed out)
That big difference - Kenya has made ammends on prudent management of public finance - only needing IMF during global crisis like Covid.
Ghana every three years is asking IMF for a bailout.

Just40:
what an excuse ... You still manage to put yourself in a deeper corner since Kenya has more Extended facilities than Ghana.

Ghana has 7 while Kenya has 10 or 12 of those

Mkenya2019:
Since 1990s - you've been on extended facility aka bailout.
Kenya has had few of those...generally on standby facilities.
That big difference - Kenya has made ammends on prudent management of public finance - only needing IMF during global crisis like Covid.
Ghana every three years is asking IMF for a bailout.

so now you're disputing the facts?

Ghana has had 7 extended facilities as you will like to deflect to

Kenya has had 12 since 1989 and your first was 1975..

You receive 2.3 billion ECF last year ... Why are you taking another 3.6 billion EFF this year too?

I've never seen a country been this frequent there before.

Wasn't your 22 bailout enough? At this point you're getting worse than Liberia

Just40:
so now you're disputing the facts?

Ghana has had 7 extended facilities as you will like to deflect to

Kenya has had 12 since 1989 and your first was 1975..

You receive 2.3 billion ECF last year ... Why are you taking another 3.6 billion EFF this year too?

I've never seen a country been this frequent there before.

Wasn't your 22 bailout enough? At this point you're getting worse than Liberia

22 bailouts? Did you also get that from ancient Asante ledgers? Madman..

You cannot dispute facts. They are stubborn things.
https://www.imf.org/external/np/fin/tad/extarr2.aspx?memberKey1=540&date1key=2017-06-30

Let examine the last 10yrs - before COVID

Kenya - has taken ZERO ZERO shs from IMF - has been given standby that they never withdrew or cash a dollar -

Standby Credit Facility Mar 14, 2016 Mar 13, 2018 354,629 0 0
Standby Arrangement Mar 14, 2016 Mar 13, 2018 709,259 0 0
Standby Arrangement Feb 02, 2015 Mar 14, 2016 352,820 0 0
Standby Credit Facility Feb 02, 2015 Mar 14, 2016 135,700 0 0

Let examine Ghana

You've been on bailout every few years

Facility Date of
Arrangement Expiration
Date 4/ Amount
Agreed Amount
Drawn Amount
Outstanding
Extended Credit Facility Apr 03, 2015 Apr 02, 2019 664,200 531,360 531,360
Extended Credit Facility Jul 15, 2009 Jul 23, 2012 387,450 387,450 257,641
Extended Credit Facility May 09, 2003 Oct 31, 2006 184,500 184,500 0
Extended Credit Facility May 03, 1999 Nov 30, 2002 228,800 176,218 0
Extended Credit Facility Jun 30, 1995 May 02, 1999 164,400 137,000 0
Extended Credit Facility Nov 09, 1988 Mar 05, 1992 388,550 388,550 0

Kenya was only like Ghana today - during 90s and early 2000s - due to Moi regime, sanctions and name it.
Extended Credit Facility Jan 31, 2011 Dec 19, 2013 488,520 488,520 461,923
Extended Credit Facility Nov 21, 2003 Nov 20, 2007 150,000 150,000 3,750
Extended Credit Facility Aug 04, 2000 Aug 03, 2003 190,000 33,600 0
Extended Credit Facility Apr 26, 1996 Apr 25, 1999 149,550 24,925 0
Extended Credit Facility Dec 22, 1993 Dec 21, 1994 45,230 45,230 0
Extended Credit Facility May 15, 1989 Mar 31, 1993 261,400 216,167

Just40:
so now you're disputing the facts?

Ghana has had 7 extended facilities as you will like to deflect to

Kenya has had 12 since 1989 and your first was 1975..

You receive 2.3 billion ECF last year ... Why are you taking another 3.6 billion EFF this year too?

I've never seen a country been this frequent there before.

Wasn't your 22 bailout enough?

Mkenya2019:
You cannot dispute facts. They are stubborn things.
https://www.imf.org/external/np/fin/tad/extarr2.aspx?memberKey1=540&date1key=2017-06-30

Let examine the last 10yrs - before COVID

Kenya - has taken ZERO ZERO shs from IMF - has been given standby that they never withdrew or cash a dollar -

Standby Credit Facility Mar 14, 2016 Mar 13, 2018 354,629 0 0
Standby Arrangement Mar 14, 2016 Mar 13, 2018 709,259 0 0
Standby Arrangement Feb 02, 2015 Mar 14, 2016 352,820 0 0
Standby Credit Facility Feb 02, 2015 Mar 14, 2016 135,700 0 0

Let examine Ghana

You've been on bailout every few years

Facility Date of
Arrangement Expiration
Date 4/ Amount
Agreed Amount
Drawn Amount
Outstanding
Extended Credit Facility Apr 03, 2015 Apr 02, 2019 664,200 531,360 531,360
Extended Credit Facility Jul 15, 2009 Jul 23, 2012 387,450 387,450 257,641
Extended Credit Facility May 09, 2003 Oct 31, 2006 184,500 184,500 0
Extended Credit Facility May 03, 1999 Nov 30, 2002 228,800 176,218 0
Extended Credit Facility Jun 30, 1995 May 02, 1999 164,400 137,000 0
Extended Credit Facility Nov 09, 1988 Mar 05, 1992 388,550 388,550 0

is the why Kenya has taken 2 bailout in the space of one year?

Why have you taken more money from the fund than Ghana has asked ever taken?

IMF was created for COVID like situations. Many countries have taken bailout due to 3yrs of COVID-War shocks. IMF is meant to handle global shocks and crisis - not babysit countries like Ghana every two-three years - and tell them the obvious - prudently manage your public finances.

Nobody imagined a country would be going to IMF for bail out every 3 yrs like Ghana has been doing the last three decades.

You were in bailout in 2019 - and now you're inside - and want to take a big one of 3.5b...despite the gold and oil.

Just40:
is the why Kenya has taken 2 bailout in the space of one year?

Mkenya2019:
IMF was created for COVID like situations. Nobody imagined a country would be going to IMF for bail out every 3 yrs. You were in bailout in 2019 - and now you're inside - and want to take a big one of 3.5b...despite the gold and oil.

nobody imagine a country will be going to the IMF every year
2022
2021
2 times in 2016
2 times in 2015
2011
2007
2003
2000
1996
1993
1989
2 times in 1988
1985
1983
1982
1980

You don't need 22 bailout after all the Chinese money you've taken and all the resources you have

Justnotyou:


I see through them, they're just trolls trying to get a rise by inventing their own versions of history & facts.

Two West Africans on nairaland trying to erase the past 2 millenniums of their infamous slave trade history to get at Kenya lol.

They do this with everything here, repeatedly over & over.

Nairobi has commendable green spaces
A certain someone - not like Accra, Lagos...

Kenya is a model country for African states
A certain someone - No our country that's under recession is the model...

Mpesa is unrivaled in Africa
A certain someone - no mtn money is...

Kenya....
A certain someone - Ghana, Nigeria...

Like little kids in the playground playing your mama banters.

It's happening again...

Going for a bailout is a problem as IMF will give you very tough conditions and literally run your country. Going for precautionary facilities when you see economic headwinds is part of prudent management. What does Ghana do - run to Eurobond or commercial loans - then 3yrs later with shame and their tail behind the legs - they run to IMF for the usual spanking.

Just40:
nobody imagine a country will be going to the IMF every year
2022
2021
2 times in 2016
2 times in 2015
2011
2007
2003
2000
1996
1993
1989
2 times in 1988
1985
1983
1982
1980

You don't need 22 bailout after all the Chinese money you've taken and all the resources you have

GeneralDae2:

I wonder what he was thinking talking about IMF when Kenya is number 2 most supported country ever in Africa by IMF. Second only to Liberia.
In addition, Kenya is also much more indebted to China as well than Ghana.

Sometimes you're a nuisance. L*cking @ss at the same time spewing misguided information. IGNORANCE AT ITS CORE.
Go check ghana lending history: start with the amount withdrawn, by GHANA; Outstanding debt by IMF, and then factor in other crucial aspects like pandemics and disasters, climate change, and calamities.

I hope we closed this chapter already.

Mhhh, since you just brought it, we'll string along.


Ghana has nearly half Kenyan population.
Ghana has 95% of the arable land - Kenya 30% or less.
Ghana has vast mineral resources. ( including the most valuable one)
Ghana has no terrorist borders.
Ghana has zero infrastructure worth talking about.

If you sum the above syllogistic reasoning; you should get zero debt - Morocco or SA-like, and a very thriving nation. But guess what; ghana still triumphs in that sector of BACKWARDNESS WHY?

Kenya experiences all of the above, the biggest one being climate change. Then talk of terror attacks, paltry mineral resources, and whatnot. To add to that; huge infrastructural development: Huge seaports, SGR, Airports, Roads, Skyline, buildings, huge military budget, etc. (* Ghana is devoid of infrastructure development, where does money go?

You can do better. Don't engage emotions in your argument.

Summary:
Ghana outstanding amount: $800k
Kenya "". "". :$450k

Amount withdrawn by Ghana : $2.5M
""""""""""""""''''''''''''''''""" Kenya : $1.5M

Get your facts right.

Mkenya2019:
Going for a bailout is a problem as IMF will give you very tough conditions and literally run your country. Going for precautionary facilities when you see economic headwinds is part of prudent management. What does Ghana do - run to Eurobond or commercial loans - then 3yrs later with shame and their tail behind the legs - they run to IMF for the usual spanking.

Is that why you e been going every year?


How come your country has taken 2 bailout in just the space of 12 months...

Shma2022:

Sometimes you're a nuisance. L*cking @ss at the same time spewing misguided information. IGNORANCE AT ITS CORE.
Go check ghana lending history: start with the amount withdrawn, by GHANA; Outstanding debt by IMF, and then factor in other crucial aspects like pandemics and disasters, climate change, and calamities.

I hope we closed this chapter already.

Mhhh, since you just brought it, we'll string along.


Ghana has nearly half Kenyan population.
Ghana has 95% of the arable land - Kenya 30% or less.
Ghana has vast mineral resources. ( including the most valuable one)
Ghana has no terrorist borders.
Ghana has zero infrastructure worth talking about.

If you sum the above syllogistic reasoning; you should get zero debt - Morocco or SA-like, and a very thriving nation. But guess what; ghana still triumphs in that sector of BACKWARDNESS WHY?

Kenya experiences all of the above, the biggest one being climate change. Then talk of terror attacks, paltry mineral resources, and whatnot. To add to that; huge infrastructural development: Huge seaports, SGR, Airports, Roads, Skyline, buildings, huge military budget, etc. (* Ghana is devoid of infrastructure development, where does money go?

You can do better. Don't engage emotions in your argument.

is that the new excuse for why you've taken 22 bailouts?


Kenya has 54% of it lands as agriculture lands, that is more than the land size of Ghana
Kenya has twice Ghana population in any case shouldn't be taking 22 bailout
Kenya has vast amount of resources
Kenya has less infrastructure than Ghana in all area of development.

So why is Kenya this backward, what did you use all those 90 billion loans you've taken.
Why is your population in such a desperate situation?
Why have you not provided then with basic stuff?

Why are you running to the IMF every year despite all the Chinese money

obaaderemi:
Is Ghana better than Kenya? Yes or no?
I want to show you something.

Stop seeking relevance and support. You can stand for your zoo like a man. Big shoutout to TheenChanter. I have fight with this guy for sometime, but one thing about him, he doesn't lick @ss. He say things as they are.
Same goes to @vankelvin and @ problemchild Aka kuruptonigga...

Buffoons like you have to survive on peoples tirries to stay relevant, smh.

gallivant:


Dangoteism.

You remain one of the poorest countries in Africa.

who is poor?
The one receiving food aid in 2022,or the one who is food sufficient? Who is poor?

Mkenya2019:
You're still launching factories with fanfare this 21st century; they should be opening almost daily.

Yes big factories are launched that way all over the world. The day u start building those mega factories u will understand.
Anyway,we have all these small factories which are opening daily...

Avos processing in southern highlands

Just40:
is that the new excuse for why you've taken 22 bailouts?


Kenya has 54% of it lands as agriculture lands, that is more than the land size of Ghana
Kenya has twice Ghana population in any case shouldn't be taking 22 bailout
Kenya has vast amount of resources
Kenya has less infrastructure than Ghana in all area of development.

So why is Kenya this backward, what did you use all those 90 billion loans you've taken.
Why is your population in such a desperate situation?
Why have you not provided them with basic stuff?

Why are you running to the IMF every year despite all the Chinese money

Dumb syndrome in display --- I'm not certain if this can be chronic glaucoma.

This is a Kenyan map. Take eyeglasses on my bills and help yourself. The map is even showing 20% arable land, not 30.

We need IMF more than you need it. We have climate issues. You don't.

30% of Kenya is like half of ghana.

As of 2022, I see you've just paid $8M, but your outstanding debt still intact at a whooping $1.3M.

GeneralDae2:

I wonder what he was thinking talking about IMF when Kenya is number 2 most supported country ever in Africa by IMF. Second only to Liberia.
In addition, Kenya is also much more indebted to China as well than Ghana.

More of your Ghana.

Ghana's debt to Gross Domestic Product (GDP), according to Bloomberg, is estimated at 84.6 per cent by the end of this year. This indicates that the nation's debt will have surpass ¢400 billion by far before the end of 2022.

obaaderemi:
I hope your neighbour with the dwindling fortune learns from this.

They cant learn anything. They are busy on finding something to fill their empty bellies.

But anyway,we will need these Kenyans to come work in Tz.Our population in Tz won't be enough to work on each factory and on every sector of our bigggest economy
Imagine just on LNG plant alone,we will have LNG plant of 40b dollars, plus another industrial park with over 50 factories using gas as a raw material for those new factories.

Then we have this new Kwala city in coastal region with about 1,000 factories popping up.

Then we have bagamoyo with I don't know how many factories planned in that town.
Surely,we must get cheap labourers from kenya

Kazikazi:
They cant learn anything. They are busy on finding something to fill their empty bellies.

But anyway,we will need these Kenyans to come work in Tz.Our population in Tz won't be enough to work on each factory and on every sector of our bigggest economy
Imagine just on LNG plant alone,we will have LNG plant of 40b dollars, plus another industrial park with over 50 factories using gas as a raw material for those new factories.

Then we have this new Kwala city in coastal region with about 1,000 factories popping up.

Then we have bagamoyo with I don't know how many factories planned in that town.
Surely,we must get cheap labourers from kenya

Kenyans come to your lazy infested nation to build it. Thank Goodness for that.

You only export baggers to our wealth sufficient Nairobi.

Mkenya2019:
I am still waiting to hear about Zoo's HDI.

Why are you so insecure? Did anyone mention Hdi here?

There's no zoo here but little India. Since you can't answer the question, then let's take it as an admittance that Ghana is better than Kenya.