It's a good start. I dont see one currency as being impediment. Transport system require urgent work. There a lot of hardwork required to remove tarrifs, change laws, open up borders, remove passports requirements for travel intra-africa...so many low hanging fruits...before we go for one currency, one language, one president..on united africa...in 200yrs from now.

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.

rvp2018:
It's a good start. I dont see one currency as being impediment. Transport system require urgent work. There a lot of hardwork required to remove tarrifs, change laws, open up borders, remove passports requirements for travel intra-africa...so many low hanging fruits...before we go for one currency, one language, one president..on united africa...in 200yrs from now.

the emboldened are things that needed to the sorted before rushing into the trade agreement.

I don't see it working sha.... But that's just my own opinion.

As for the currency, it's also very important because of the difference in exchange rate of African countries. If u sell ur tea to Ghana, what currency will u collect from Ghana? Cedis or KSh? Knowing fully well that there's exchange rate difference in the currencies.

Some countries will even cry over it, mark my word.

theenchanter:
the emboldened are things that needed to the sorted before rushing into the trade agreement.

I don't see it working sha.... But that's just my own opinion.

As for the currency, it's also very important because of the difference in exchange rate of African countries. If u sell ur tea to Ghana, what currency will u collect from Ghana? Cedis or KSh? Knowing fully well that there's exchange rate difference in the currencies.

Some countries will even cry over it, mark my word.

Simply put, Afcta needs a trading currency

Mkenya2019:
The former state-owned company, known for its relatively poor leadership and lack of profits for some 45 years, will now be independent of government and operate without state funding, with the new goal of delivering value to its shareholders.

Independent of government in its day to day running.
As it should have been, government have no business running enterprise, they are very poor in capitalism.

The Nigerian government is a shareholder.

Shma2022:


I will repeat it for you a million times _until bring a sense into intellectual topics. Not every f*ckin day dreaming about feelings and how you care about them -- like a woman nursing a kid.

The bone of contention was your debt. How come your debt to GDP ratio is at a whopping 86%?
How come you have borrowed more from IMF when your mini zoo is resource sufficient?

Bravo for not l*cking @sses, though!!good for good, you good notwithstanding.

Why would I want to argue figures with someone who argues for the sake of argument but not necessarily for truth sake?

Mkenya2019:
Apart from NNPC what else do Nigeria gov own - nothing much. In Nairobi stock exchange listed companies...Kenya gov has shareholding in 16 of them...including Safaricom, KCB, Kengen, KPLC, name it.

Unlike NNPC which started making profit in this oil crisis - kenya public investment always make profit - and kenya gov get dividends.

The increase in dividend profits for 2021/22 of 13.67 billion Kenyan Shillings over the target amount of 29.9 billion Kenyan Shillings that the exchequer had set for the period indicates stronger financial performance.
In the fiscal year ended June, the government earned US$365 million from public investments, boosting the National Treasury’s ability to finance development initiatives
The dividend profits are less than half of the 116.14 billion shillings that the government generated from its shareholdings in the 2019/20 fiscal year
The Treasury will receive a total payout of Sh19.4 billion for its 35 per cent stake in Safaricom

Ever heard of NLNG?

It’s controls 10% of the world liquified gas market.

When nigeria new gas train comes on board that number is bound to increase to around 16%.

The company will soon be bigger than Kenya itself.

Mkenya2019:
Keep word is trying. It not making any dividend to Nigerian like you. It's not even investing. It's spending the profit to repair old pipelines, refineries and such.

It made 1.55 billion this year.

And it’s going to the government coffers

GeneralDae:

So Zenith and First Bank are not planning to move forward next year?

Don’t mind him.

There’s no possible way Kenya banking sector will ever catch up to nigeria.

We are not even in the same league.

I see either gtb or AccessBank acquiring KCB in the nearest future.

GeneralDae:

So Zenith and First Bank are not planning to move forward next year?

NO
To him all other things will stay the same whilst anything Kenya overtakes them

Kenya to the world

We trade in East Africa in our currencies. As long as trade is both ways - there will be demand for kSHS in Ghana - and Cedis in kenya.

theenchanter:
the emboldened are things that needed to the sorted before rushing into the trade agreement.

I don't see it working sha.... But that's just my own opinion.

As for the currency, it's also very important because of the difference in exchange rate of African countries. If u sell ur tea to Ghana, what currency will u collect from Ghana? Cedis or KSh? Knowing fully well that there's exchange rate difference in the currencies.

Some countries will even cry over it, mark my word.

Owned by NNPC 49 percent.

Shaytun:


Ever heard of NLNG?

It’s controls 10% of the world liquified gas market.

When nigeria new gas train comes on board that number is bound to increase to around 16%.

The company will soon be bigger than Kenya itself.

vankelvin:
[b]
Why would I want to argue figures with someone who argues for the sake of argument but not necessarily for truth sake?

Yet here you are.

rvp2018:
We trade in East Africa in our currencies. As long as trade is both ways - there will be demand for kSHS in Ghana - and Cedis in kenya.

They can pay in gold. That's my final proposal.

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

Shaytun:


Independent of government in its day to day running.
As it should have been, government have no business running enterprise, they are very poor in capitalism.

The Nigerian government is a shareholder.

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.

gallivant:


They can pay in gold. That's my final proposal.

Shma2022:

I was just about to post the same.

Nice move.

This is how slums will be eradicated.

Uhuru's projects.

With Naira collapsing against the dollar - maybe KCB will accept groundnuts for payment. I am expecting both Equity and KCB to soon eclispe all Nigerian banks

Shaytun:


Don’t mind him.

There’s no possible way Kenya banking sector will ever catch up to nigeria.

We are not even in the same league.

I see either gtb or AccessBank acquiring KCB in the nearest future.

samorobo:


Hasn’t sarit center been like this since last year.
I will be posting the ongoing project in Kenya soon. Stop daydreaming.

This is not Sarit Center. This is Jewel 1870 Tower.

rvp2018:
With Naira collapsing against the dollar - maybe KCB will accept groundnuts for payment. I am expecting both Equity and KCB to soon eclispe all Nigerian banks

Lmao!!

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.

Facts.

samorobo:


For starters KQ - The flying coffin.

NNPC is better than that loss making deadbeat of a venture,not to forget it s also Africa’s biggest retailer, nothing in your zoo can hack that. Just gulp down that ice cold fact gm down your throat.

It's true o. I've even forgotten about that one.
You see, the problem with the little Indians is that they are contented with the mess their country is. Unlike Nigerians and Ghanaians that you see here talking about the problems of their countries. The little Indians do not know their country is a terrible shithole.

Shaytun:


Ever heard of NLNG?

It’s controls 10% of the world liquified gas market.

When nigeria new gas train comes on board that number is bound to increase to around 16%.

The company will soon be bigger than Kenya itself.

I told him.

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.

obaaderemi:
It's true o. I've even forgotten about that one.
You see, the problem with the little Indians is that they are contented with the mess their country is. Unlike Nigerians and Ghanaians that you see here talking about the problems of their countries. The little Indians do not know their country is a terrible shithole.

Just40:
Simply put, Afcta needs a trading currency

thank u, sir.

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.

It's still better than kq. At least it declared a profit in billions of dollars last year. What about kq, your flying coffin?

rvp2018:
We trade in East Africa in our currencies. As long as trade is both ways - there will be demand for kSHS in Ghana - and Cedis in kenya.

don't forget that it's a continental trade agreement... So, if Ghana or kenya is trading with about 30 African countries, there will be demand for the 30 African currencies in Ghana or kenya

U don't have sense.

gallivant:


They can pay in gold. That's my final proposal.

gold?

Kenyans are really daft.

obaaderemi:
No, you are not. Togo is number one and Ghana is ahead of you. You don't register in Africa when it comes to fdi, inflow or outflow.

Ask Kazikazi who are the top five source of FDI in Tanzania and he will tell. Or I can just do it for him.

Wuoche:


Ask Kazikazi who are the top five source of FDI in Tanzania and he will tell. Or I can just do it for him.

Yet Tanzania is largest source of Remmitances to little India.

Lame excuse. If you dont like CEDIS you can always ask for dollars or gold. We have COMESA, EAC and others trading. You can change CEDIS to Kshs in airport of Ghana or Kenya as trade improves...in meantime we can take USD or gold. These are auxilary issues.

theenchanter:
don't forget that it's a continental trade agreement... So, if Ghana or kenya is trading with about 30 African countries, there will be demand for the 30 African currencies in Ghana or kenya

U don't have sense.

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.

obaaderemi:
It's still better than kq. At least it declared a profit in billions of dollars last year. What about kq, your flying coffin?

rvp2018:
Lame excuse. If you dont like CEDIS you can always ask for dollars or gold. We have COMESA, EAC and others trading. You can change CEDIS to Kshs in airport of Ghana or Kenya as trade improves...in meantime we can take USD or gold. These are auxilary issues.

u actually didn't make any sense, then u reverted to gold or USD and made everything worse.