Kenya has never defaulted and is not about to start. We have new gov fixing small details and we will be fine.

GeneralDae:

Kenya is regarded to be one of the top three countries in Africa that could default on debt within the next six months if something is not done urgently.
I am surprised they come here to play, it's either these guys here do not know watz up with their country Kenya at the moment or their simply in denial.

rvp20182:
I think you're post default state - gov budget is miniature - gov services absent - nothing basically works - except private and individual initiatives.

Then how come Nigeria hasn't defaulted and has never been regarded as a country in danger of default?
Kenya is one of top two countries in Africa feared to default in the coming months if something is not urgently done.

rvp20182:
Kenya has never defaulted and is not about to start. We have new gov fixing small details and we will be fine.

New Govt cannot perform magic overnight. Wake up and smell the coffee.

Nigeria has budget similar size to Kenya - debt similar size to Kenya - it invest zero in education, health, security - infrastructure projects takes 20yrs on average - cannot pay salaries or pensions on time. Ghana gov works - and if it default - it become Nigeria. Nigeria is in post-default state. Nobody serious is willing to lend it money. It should be able to get 300B dollars debt like South Africa - but it cant and wont pay. So it's just surviving like Zim, Somalia and Burundi - this where they cluster in almost every indices.

GeneralDae:

Then how come Nigeria hasn't defaulted and has never been regarded as a country in danger of default?
Kenya is one of top two countries in Africa feared to default in the coming months if something is not urgently done.

GeneralDae:

Kenya is regarded to be one of the top three countries in Africa that could default on debt within the next six months if something is not done urgently.
I am surprised they come here to play, it's either these guys here do not know watz up with their country Kenya at the moment or their simply in denial.

They know the truth. They're just too proud to admit it. There's nothing in their economy to support the huge debt portfolio they've acquired.
Ghana has got gold and oil, South Africa has got gold and other metals, Nigeria has oil and gas and its vibrant people.

Kenya has got little besides cooked data.

Nigeria defaulted in 2004 and were forgiven 36B dollars.

GeneralDae:

Then how come Nigeria hasn't defaulted and has never been regarded as a country in danger of default?
Kenya is one of top two countries in Africa feared to default in the coming months if something is not urgently done.

Debt is repaid by gov revenues. Kenya gov collects more than 20B dollars in revenues. Kenya gov also own many assets. We can sell shares in 15 listed companies and half the debt if we want.

obaaderemi:
They know the truth. They're just too proud to admit it. There's nothing in their economy to support the huge debt portfolio they've acquired.
Ghana has got gold and oil, South Africa has got gold and other metals, Nigeria has oil and gas and its vibrant people.

Kenya has got little besides cooked data.

Mkenya2019:
Your current 5 floor building is more than adequate - you got empty coffers . What pray will you be securing - the worthless CEDIS?

Yeah, the current cbk office that look like mashroom is okay for Kenya but ours has outlived it usefulness hence the new one we are building ...

Your country is bankrupt and has no money for a new office, the little it has, it uses to manage your untrustworthy currency

obaaderemi:
I've always suspected he had a loose bolt in the head. It's sad.

I think so too

rvp20182:
Nigeria has budget similar size to Kenya - debt similar size to Kenya - it invest zero in education, health, security - infrastructure projects takes 20yrs on average - cannot pay salaries or pensions on time. Ghana gov works - and if it default - it become Nigeria. Nigeria is in post-default state. Nobody serious is willing to lend it money.

Because we are not stupid like you.

rvp20182:
Kenya has never defaulted and is not about to start. We have new gov fixing small details and we will be fine.

What do you call your urgent debt restructuring last year including domestic debt?

GeneralDae:

Then how come Nigeria hasn't defaulted and has never been regarded as a country in danger of default?
Kenya is one of top two countries in Africa feared to default in the coming months if something is not urgently done.

He said it himself that he is confused about Nigeria's economic stability.

rvp20182:
Nigeria has budget similar size to Kenya - debt similar size to Kenya - it invest zero in education, health, security - infrastructure projects takes 20yrs on average - cannot pay salaries or pensions on time. Ghana gov works - and if it default - it become Nigeria. Nigeria is in post-default state. Nobody serious is willing to lend it money. It should be able to get 300B dollars debt like South Africa - but it cant and wont pay. So it's just surviving like Zim, Somalia and Burundi - this where they cluster in almost every indices.

Only country currently defaulting on it debt is Kenya.... It made you run to the IMF last year for ECF..

21 floor building - Central Bank has 36 floor Times Tower, Central Bank pension is more than floors. Central bank has branches in Kisumu, Mombasa, Nyeri, Kisii, Meru

Those two buildings are owned by central bank of kenya

Just40:
Yeah, the current cbk office that look like mashroom is okay for Kenya but ours has outlived it usefulness hence the new one we are building ...

Your country is bankrupt and has no money for a new office, the little it has, it uses to manage your untrustworthy currency

rvp20182:
Debt is repaid by gov revenues. Kenya gov collects more than 20B dollars in revenues. Kenya gov also own many assets. We can sell shares in 15 listed companies and half the debt if we want.

Selling shares is not an immediate response that can cover your debt obligation...
Your market cannot raise 12 billion dollars.

Even half a million dollars it struggles to raise.

That is why your country started defaulting and begged for restructuring before running to the IMF

rvp20182:
Debt is repaid by gov revenues. Kenya gov collects more than 20B dollars in revenues. Kenya gov also own many assets. We can sell shares in 15 listed companies and half the debt if we want.

Kenya collects less than$20bn revenue. The less than $20bn can not even fund your budget, hence your growing deficits and debts.

Heckling mad cow. Going to ECF doesnt mean you have defaulted. Defaulting is what about to do by asking debt holders to re-negotiate - just so you can get an ECF. It terribe. IMF is asking you to DEFAULT before it can lend to you.

Just40:
Only country currently defaulting on it debt is Kenya.... It made you run to the IMF last year for ECF..

Top African countries in danger of default in coming months and years. Nigeria and South Africa said to be growingly concerning as well.

rvp20182:
Nigeria defaulted in 2004 and were forgiven 36B dollars.

Nigeria didn't default. We paid off our debt, and part of the deal was for a portion to be forgiven. Read up on it and stop saying what you don't understand as usual.

rvp20182:
21 floor building - Central Bank has 36 floor Times Tower, Central Bank pension is more than floors. Central bank has branches in Kisumu, Mombasa, Nyeri, Kisii, Meru

Those two buildings are owned by central bank of kenya

25 floors building central bank HQ
The Ghanaian central bank has branches in Kumasi, Takoradi, Tema, Suyani, Tamale and co

You can't compare a mere empty building to a Central bank main HQ.

Nigeria built theirs for 260 million dollars
Kuwait 580 million dollars
Egypt is building theirs for 300 million dollars or so


Your 30 million pension building with no security features cannot compare kiddo

GeneralDae:
Top African countries in danger of default in coming months and years. Nigeria and South Africa said to be more growingly concerning as well.

As you can see, Kenya is inching towards distress.

Maybe you have another Kenya in Nigeria.

1) Ordinary Taxes.
KRA collected Sh.2.03 trillion in the financial year under review, against its set target of Sh.1.88 trillion, and two revised targets of Sh.1.91 trillion and Sh.1.97 trillion respectively. A sum of 22.3% improvement in revenue collection compared to the previous financial year where it collected a total of Sh.1.66 trillion.

2) AIA - user fees, licenses, fines, etc
By the end of June 2022, total revenue collected including A-I-A amounted to Ksh 2,199.8 billion against a target of Ksh 2,192.0 billion reflecting an improvement of Ksh 7.9 billion.

Total revenues 2.03 trillion+ 2.19 billion - that is 2.3 trillion KSHS as of June 2022.

obaaderemi:
Kenya collects less than$20bn revenue. The less than $20bn can not even fund your budget, hence your growing deficits and debts.

What are you securing when coffers are empty

Just40:
25 floors building central bank HQ
The Ghanaian central bank has branches in Kumasi, Takoradi, Tema, Suyani, Tamale and co

You can't compare a mere empty building to a Central bank main HQ.

Nigeria built theirs for 260 million dollars
Kuwait 580 million dollars
Egypt is building theirs for 300 million dollars or so


Your 30 million pension building with no security features cannot compare kiddo

rvp20182:
Heckling mad cow. Going to ECF doesnt mean you have defaulted. Defaulting is what about to do by asking debt holders to re-negotiate - just so you can get an ECF. It terribe. IMF is asking you to DEFAULT before it can lend to you.

I can see you have problems reading to comprehend...

You were defaulting on your Chinese debt so you begged for restructuring of the Chinese debt and domestic debt, when that wasn't enough, you runned to the IMF for ECF.

Ghana will never do that especially when it is busy printing
We are not bankrupt Kenya

obaaderemi:
As you can see, Kenya is inching towards distress.

Kenyans here mock Ghana but all analysts in the world regard their situation also as one of the most dangerous in Africa together with Ethiopia as well in the top three bracket if we exclude the likes of Zambia, Mali, and the rest who have already defaulted.

You'll soon know what defaulting means. Youre the type that learn through experience. It will be nasty. Already Cedis is at 11 to a dollar.

Watch Lebanon and Sri Lanka for free lessons of what is coming.

Just40:
I can see you have problems reading to comprehend...
You were defaulting on your Chinese debt so you begged for restructuring of the Chinese debt and domestic debt, when that wasn't enough, you runned to the IMF for ECF.
Ghana will never do that especially when it is busy printing
We are not bankrupt Kenya

Leave analyst - they can predict anything - they get it wrong sometimes - but this Ghana - defaulting for real.

Sep 20, 2022 — Ghana is poised to start talks with domestic bondholders on a restructuring of its local-currency debt as part of the West African nation's ...

And Fitch/Moody rating for Kenya remain B+ - while Ghana has now gone to CC - it's JUNK.

GeneralDae:

Kenyans here mock Ghana but all analysts in the world regard their situation also as one of the most dangerous in Africa together with Ethiopia as well in the top three bracket if we exclude the likes of Zambia, Mali, and the rest who have already defaulted.

rvp20182:
What are you securing when coffers are empty

The Ghanaian coffers is never empty because at any given time, there's 6 billion dollars that flows into it excluding taxes.

Kenya is bankrupt with no money coming from anywhere to help
That is why you defaulted and latter runned to IMF

rvp20182:
Kenya has never defaulted and is not about to start. We have new gov fixing small details and we will be fine.

https://www.youtube.com/watch?v=19134N_FVDk

Kenya listed sixth among nations with default risks
https://www.pd.co.ke/commerce/kenya-nations-default-risks-138901/

Forex reserves are not kept in Central Bank of Kenya or Ghana literally like that . Central Bank of Ghana opens an account in US Federal Reserve Bank. When you need dollars - they rarely give it in CASH. They just transfer from their account in FED Bank of the US - to say China - and you buy your machinery.

What is kept in Central Bank is CEDIS and Gold Bullions.

Just40:
The Ghanaian coffers is never empty because at any given time, there's 6 billion dollars that flows into it excluding taxes.

Kenya is bankrupt with no money coming from anywhere to help
That is why you defaulted and latter runned to IMF

rvp20182:
You'll soon know what defaulting means. Youre the type that learn through experience. It will be nasty. Already Cedis is at 11 to a dollar.

Watch Lebanon and Sri Lanka for free lessons of what is coming.

Labanon and Sri Lanka is currently happening in Kenya

Becareful else it will turn into another civil war in your country
Already kshs is at 120... For an import dependent economy that is a huge climb. No wonder huger has gone several daily up

rvp20182:
Leave analyst - they can predict anything - they get it wrong sometimes - but this Ghana - defaulting for real.

Sep 20, 2022 — Ghana is poised to start talks with domestic bondholders on a restructuring of its local-currency debt as part of the West African nation's ...

And Fitch/Moody rating for Kenya remain B+ - while Ghana has now gone to CC - it's JUNK.

Ghana hasn't done any of such things, it was a speculation that was I'll informed forgetting the fact that the govt is completely against it and has opted for printing with a gold hedge

Not everyone is bankrupt like aid dependent Kenya..
How much doner funding did you take for your elections again?