Africa banks are expanding. Soon enough kenya banks will be in West Africa - and a Kenya trade can have his Cedis or dollar account deposited in Equty Bank branch of Accra - transferred same day to Kenya - and so will Ghana businessman with Access or UBA bank account in Nairobi.

Single currency is never an issue. China does trillion dollars worth of trade in USD.

Tarrifs, customs, and Logistic are urgent issues. Single currency we dont need it anytime soon.

theenchanter:
the problem with u is that u don't know anything and u're a talkative, bland talk tbh.

rvp2018:
Africa banks are expanding. Soon enough kenya banks will be in West Africa - and a Kenya trade can have his Cedis or dollar account deposited in Equty Bank branch of Accra - transferred same day to Kenya - and so will Ghana businessman with Access or UBA bank account in Nairobi.

Single currency is never an issue. China does trillion dollars worth of trade in USD.

Tarrifs, customs, and Logistic are urgent issues. Single currency we dont need it anytime soon.

ok.

See what Almajiri school of beggars did to you. Urgent issue is for Buhari to remove all tarrifs and customs for Africa products just as Kenya does the same. And of course try to keep Naira fairly stable and freely exchanging.

WB says if he does this 100M african will be lifted out of poverty with 200B dollars worth of trade. That is huge potential for intra-africa trade. Otherwise for now - we have to go to Europe or Asia or US - for things available in Africa.

Lame excuse is one currency and other such nonsense.

theenchanter:
ok.

theenchanter:
I still reiterate my stance over acfta that not until there's a common currency and interconnected transport system..... Acfta might not work. Only some paltry goods here and there will be traded.

Afreximbank is doing something about the currency problem at the moment. They just released 40 Billion dollars to that effect. Gains would be made from now until the next 5 years.

Nungua interchange has finally taken shape


https://www.youtube.com/watch?v=TMls5RxJDnE


And so has Obetsebi

https://www.youtube.com/watch?v=fB0-_Wb75j4

And so has Takoradi

https://www.youtube.com/watch?v=Xe1Kc_IQ48Y

Tanzania tztztztztz
Low tide in Dar es salaam

theenchanter:
and I don't have the time to make him understand, I pass him to u.

I'm not in the spirit of educating Kenyans today, maybe by weekend

The famous bridge to nowhere. Your LOW IQ country is just amazing.

Kazikazi:
Tanzania tztztztztz
Low tide in Dar es salaam

Dar es salaam Tanzania

rvp2018:
The famous bridge to nowhere. Your LOW IQ country is just amazing.

I thought expressway was meant for vehicles only? But I was very wrong, a cow can also access it.


A cow? only in a failed state

What is wrong with cows crossing the road. Tell me exactly why that suspension bridge was built? To straighten the road? Why not just meander for a kilometer - along the shoreline - and save for some money. I was reading on KLM airline newspaper that there is only one ONCOLOGIST for children cancer in 60M people Tanzania. Why not save some money and go to Cuba - and get at least 100 children oncologists - one for every district.

Kazikazi:
I thought expressway was meant for vehicles only? But I was very wrong, a cow can also access it.


A cow? only in a failed state

By day and by night

Kwame Kyei Sport complex.... A multi disciplinary facility for the Kuntenase community

rvp2018:
If Nigeria gov owns it 100% - the board will still be 100% gov appointed. You cannot call that independent. Unless you sell at least 40-49 percent - just enough to bring in private sector - hopefully strategic partner who knows oil n gas - without losing control - you're wasting time. Next gov will fill up NNP board with relatives, girlfriends and boyfriends

NNPC is going public.

Government will only own 41% stake.

And that’s the way it should be, government have no business running company.

Excellent. Small well sized and well built.

Just40:
Kwame Kyei Sport complex.... A multi disciplinary facility for the Kuntenase community

Good move. I would keep shareholding at 51% for gov.

Shaytun:


NNPC is going public.

Government will only own 41% stake.

And that’s the way it should be, government have no business running company.

kikuyu1:


Really, nigga! That's why I say it's better to remain silent and be thought a slowpoke than to speak and remove all doubt. Your false confidence is like a parade of memes celebrating ignorance!

Its the brutal honest truth.

Our banks are expanding in your country, and they are seeing an increase in ROI.

Nigerian banks probably controls like 3-4% of Kenya banking sector, and that number is going to increase not decrease, we’ve done this before and our banks are known for efficient M&A.

Give it 10 years, 50-60% of Kenya banking sector will be in our hands.

Wuoche:


Say that again.

Again to what extent, what are total assets and money flow in those subsidiaries?

Are those in top 10 in those countries

It's pointless to say you dominate by mere number while in actuality they just part of small businesses.

Example 1:

Equity Group 2nd biggest in Kenya, Uganda, DRC, Rwanda - and also top 10 in Tanzania, South Sudan and with eye on Ethiopia.

Equity Group is the largest bank in the region with assets of USD 12 billion. It is also the largest bank in terms of deposits, with a market capitalisation of USD 2 billion and a customer base of over 15 million. The group has 337 branches, 56,772 agents, 32,269 merchants, 697 ATMs and has widely adopted digital banking channels.
The Banker's Top 1,000 World Banks 2021 ranked Equity Bank 761 in its global ranking, position 39 globally on return on assets, position 71 on return on capital, and position 149 on soundness (Capital Assets to Assets ratio). The Banker's Top 100 African Banks 2020 ranked the Bank 7th among the top 10 banks in Africa, 5th for strength, 9th for growth performance, 8th for return on risk and 6th for profitability and leverage category. In the same year, Moody's gave the Bank an overall rating of B2 with a negative outlook, identical to the Kenyan government's sovereign rating, due to the Bank's strong brand recognition, strong liquidity buffers and resilient funding profile, well-established national franchise, and strong adoption of digital and alternative distribution channels

AfriqueDuZuid:


Again to what extent, what are total assets and money flow in those subsidiaries?

Are those in top 10 in those countries

It's pointless to say you dominate by mere number while in actuality they just part of small businesses.

rvp2018:
Cooked books - remitted Zero.Zero to federal gov of Nigeria.

This is a month ago..

The Nigerian National Petroleum Company Limited (NNPC) has failed to make remittances into the federation account for seven straight months in 2022.

This is despite a gross revenue of over N2.8 trillion from crude oil, and gas sales within the period.

This revelation was obtained from NNPC’s presentation to The Federation Accounts Allocation Committee (FAAC) for July 2022.

NNPC was expected to pay into the federation N1.23 trillion, which will then be distributed to the three tiers of government.

Cooked books indeed. It acquired Oando, one of the largest petroleum products marketing companies in Africa with cooked books. Then more of cooked books, please.

Bitterness is bad for your heart.

Just40:
Kwame Kyei Sport complex.... A multi disciplinary facility for the Kuntenase community

What I like most about this stadium is the colours.
Not the usual red, yellow, green and black colours we have with all our public sports facilities

rvp2018:
Excellent. Small well sized and well built.

Thanks but it's an old facility which has been given a facelift

AFCON 2025

Countries that have shown interest so far

Nigeria/Benin
Algeria and
Morocco

May the country with the biggest brown envelop win if you know you know

Stop this implusive urge to call everything largest in Africa. OANDO is unknown. In downstream business Nigeria is crap. You cannot beat even Kenya there.

Kenya alone - There are over 1,800 service stations in Kenya operated by more than 70 registered oil marketing companies that are involved in the supply.

Here is the distribution of petrol stations per county from the highest to the lowest;
1. Nairobi County - 324
2. Nakuru County- 230
3. Kiambu County - 208
4. Uasin Gishu - 181
5. Meru County - 173
6. Machakos County - 165
7. Kakamega County - 139
8. Mombasa County - 138
9. Bungoma County - 136
10. Kilifi County - 135
11. Kisii County - 122
12. Trans Nzoia - 119
13. Kajiado County - 117
14. Kirinyaga County - 112
15. Kisumu County - 107
16. Muranga County - 106
17. Homabay County - 96
18. Kitui County - 93
18. Kericho County - 92
20. Nandi County - 92
21. Migori County - 91
22. Siaya County - 91
23. Makueni County - 91
24. Bomet County - 90
25. Busia County - 84
26. Embu County - 81
27. Narok County - 81
28. Nyeri County - 75
29. Nyamira County - 69
30. Laikipia County - 67
31. Kwale County- 56
32. Tharaka Nithi County - 54
33. Nyandarua County - 53
34. Vihiga County - 52
35. Elgeyo Marakwet County - 49
36. Turkana County - 40
37. Baringo County - 40
38. Taita Taveta County - 39
39. West Pokot County - 35
40. Lamu County - 30
41. Tana River County - 21
42. Wajir County - 20
43. Marsabit County - 19
44. Samburu County - 17
45. Garissa County - 17
46. Isiolo County - 12
47. Mandera County -11

obaaderemi:
Cooked books indeed. It acquired Oando, one of the largest petroleum products marketing companies in Africa with cooked books. Then more of cooked books, please.

Bitterness is bad for your heart.

Shaytun:


Its the brutal honest truth.

Our banks are expanding in your country, and they are seeing an increase in ROI.

Nigerian banks probably controls like 3-4% of Kenya banking sector, and that number is going to increase not decrease, we’ve done this before and our banks are known for efficient M&A.

Give it 10 years, 50-60% of Kenya banking sector will be in our hands.

I could ask if you've read about the expansion into the hugely unbanked Ethiopia and the DRC and if you comprehend the implications.
While you screech of comparative ROI seen this:

The report by Moody’s revealed that banks in Kenya’s cost-to-income ratios averaged 49 percent over the last four years, compared with 57 percent for Nigerian banks. Also, Kenya’s three largest rated banks have stronger cost-to-income ratios than their Nigerian counterparts, despite their higher retail overhead costs.

The banks that have been taken into consideration in the comparison report by Moody’s include KCB Bank Kenya, Equity Bank, Co-operative Bank of Kenya, Nigeria’s Access Bank, Zenith Bank and United Bank for Africa.

[urlhttps://internationalfinance.com/kenyan-banks-outperform-nigerian-counterparts//url]

Idk if you've heard of Moody's but they're def not keke operators! They're some of the most respected names in global finance.
Here's a recent source more familiar to Naijjans:

Among banks surveyed in Kenya, South Africa and Nigeria, Kenya’s Equity Bank, with a market capitalisation of $1.53 billion, had the highest ROE of 28.90 percent in H1 2022, while South Africa’s Capitec, with a market cap of $13.01 billion (222.19 billion ZAR), had the second-best ROE of 27 percent.

“Nigerian banks have to deal with economic shocks, short credit cycles and persistent problems in the oil sector. They also have to deal with policy actions, policy uncertainty and regulatory risk,” said Mahin Dissanayake, director for Europe, Middle East and Africa bank ratings at Fitch.

“Nigerian banks compared to other markets operate in a volatile environment,” Dissanayake said.

[https://businessday.ng/energy/article/nigerian-banks-return-on-equity-lags-kenya-south-african-peers/]

Even if you could understand these facts you'd behave like your Waffas on this thread; which is to say like a pigeon playing chess.

So continue self servicing yourself to sleep fantasising about "Giant" banks dominating us.
Luckily literate Kenyans here can absorb facts....

Are you sure you want to compare the number of petrol service stations in Kenya to that of Nigeria?

rvp2018:
Stop this implusive urge to call everything largest in Africa. OANDO is unknown. In downstream business Nigeria is crap. You cannot beat even Kenya there.

Kenya alone - There are over 1,800 service stations in Kenya operated by more than 70 registered oil marketing companies that are involved in the supply.

Here is the distribution of petrol stations per county from the highest to the lowest;
1. Nairobi County - 324
2. Nakuru County- 230
3. Kiambu County - 208
4. Uasin Gishu - 181
5. Meru County - 173
6. Machakos County - 165
7. Kakamega County - 139
8. Mombasa County - 138
9. Bungoma County - 136
10. Kilifi County - 135
11. Kisii County - 122
12. Trans Nzoia - 119
13. Kajiado County - 117
14. Kirinyaga County - 112
15. Kisumu County - 107
16. Muranga County - 106
17. Homabay County - 96
18. Kitui County - 93
18. Kericho County - 92
20. Nandi County - 92
21. Migori County - 91
22. Siaya County - 91
23. Makueni County - 91
24. Bomet County - 90
25. Busia County - 84
26. Embu County - 81
27. Narok County - 81
28. Nyeri County - 75
29. Nyamira County - 69
30. Laikipia County - 67
31. Kwale County- 56
32. Tharaka Nithi County - 54
33. Nyandarua County - 53
34. Vihiga County - 52
35. Elgeyo Marakwet County - 49
36. Turkana County - 40
37. Baringo County - 40
38. Taita Taveta County - 39
39. West Pokot County - 35
40. Lamu County - 30
41. Tana River County - 21
42. Wajir County - 20
43. Marsabit County - 19
44. Samburu County - 17
45. Garissa County - 17
46. Isiolo County - 12
47. Mandera County -11

rvp2018:
KQ on it's deathbed remain the 2nd most successfully national airline in SSA - with long history of profitability = in a sector that is very brutal- unlike NNP who have 45yr long history of making losses - in a sector - of oil n gas - that is ver lucrative.

Stop splitting hair,let’s just assume what you are saying is true. NNPC yas been making profit since 2019 till date,KQ can remember the last time it’s balanced it’s sheets. Talk of the present and stop glorifying the past. KQ is an absolutely,a butt of joke for lack of a better word. There is no success in that muppet.

How is Nigeria Airways? Still biting dust? KQ will be back to profitability soon - 2024.

samorobo:


Stop splitting hair,let’s just assume what you are saying is true. NNPC yas been making profit since 2019 till date,KQ can remember the last time it’s balanced it’s sheets. Talk of the present and stop glorifying the past. KQ is an absolutely,a butt of joke for lack of a better word. There is no success in that muppet.

Just40:
Does your country even have a gold reserve to trade with ?

And who is going to give you gold for worthless leaf ?

I am on the ground

rvp2018:
Yes especially because CEDIS is like South Sudanase pound. By time you're in back - it would have depreciated by a lot. Otherwise it will be south sudan expereince - hell on earth for business.

rvp2018:
How is Nigeria Airways? Still biting dust? KQ will be back to profitability soon - 2024.

When they happen come shake this place up else stfu and keep praying for profits.

rvp2018:
Africa banks are expanding. Soon enough kenya banks will be in West Africa - and a Kenya trade can have his Cedis or dollar account deposited in Equty Bank branch of Accra - transferred same day to Kenya - and so will Ghana businessman with Access or UBA bank account in Nairobi.

Single currency is never an issue. China does trillion dollars worth of trade in USD.

Tarrifs, customs, and Logistic are urgent issues. Single currency we dont need it anytime soon.

When you banks eventually overtake ours then you can come here to gloat about it. Stop multiplying this thread with your strange dreams. Your bickering is getting annoying.