If you single largest shareholder - even if you own 10% - then you're the owner. They own 49 percent and are single largest shareholder so they pick CEO and decide everything

Kazikazi:
i dont know how long should I teach u fellows
In business,you need to get over 50% of shares to be called the owner. But u fellas bought less than 50 of shares and you are busy making noises.

So they wait until your planes are delivered. In meantime try to compete with even KQ owned JamboJet now flying to GOMA in DRC Congo. JamboJet is what Africa need - really low cost budget airline. JamboJet this year will carry a million passengers.

Kazikazi:
We have ordered many aircrafts.we will airlift all folks stranded there with even cheaper prices with new planes

Rwanda really scaling the heights

Today we are celebrating another milestone achieved! Two million households in #Rwanda have access to electricity, and the number will continue to increase till we reach 100% by the year 2024. Currently, 74.5% households have electricity.
@RwandaInfra

Kazikazi:
This air businesss is too big for them

Has Air Tanzania ever made any profit?

Mkenya2019:
Rwanda really scaling the heights

Today we are celebrating another milestone achieved! Two million households in #Rwanda have access to electricity, and the number will continue to increase till we reach 100% by the year 2024. Currently, 74.5% households have electricity.
@RwandaInfra

Tanzania with a population of 61M only have 3M customers connected to electricity.

Just40:
popizai

Popizaino? That's hard to believe.

At 60 million people with maybe 4-5 hh size; they probably have 12-15m household; so 3 million is very low;
I think kenya is approaching 6 million household; with 2 million business/enterprises/ - of the 8 million plus connections of kplc; not counting the solar connectins.

Wuoche:


Tanzania with a population of 61M only have 3M households connected to electricity.

Look like Kenya metered connection now is 9 million. They still need to 3 million household - so minus business connection - another 5 million to go. That would make KPLC have 15m connections. Eskom south africa has 17 million customers or about.

According to data from the country’s statistics office; Kenya National Bureau of Statistics (KNBS), KPLC had amassed 8.91 million customers as of June 2022, a growth of 7.7 percent compared to 8.27 million customers recorded as of June 2021.

Currently, 2.1 million customers are on postpaid billing while 6.8 million customers are on prepaid billing (tokens).

https://kenyanwallstreet.com/kenya-power-hits-9-million-customers/#:~:text=Kenya%20Power%20and%20Lighting%20Company,six%20months%20to%20June%202022.

rvp20182:
You have not signed IMF deal yet - because you're taking time to process and stomach IMF conditions. At least Nana now has accepted IMF program inevitability. The conditions are coming...wait for them.

Kenya has very soft IMF conditions - because we went in with everyone during COVID- South Africa, Nigeria and name them .

As for subsidies - there has NEVER been subsidies in kenya - this was Uhuru voter bribery attempt. The maize was introduced a week to election. Fuel subsidy started I think April in 2021 and lasted one year. It was not really supposed to be a subsidy - the money was to come fuel stabilization fund and was for diesel only - but as election approached - desperate Uhuru turned into a fuel subsidy.

Uhuru of course lost with his project and Ruto was quick to terminate it.

Kenya has a serious debt crisis and there's nothing like soft IMF conditions for a country in debt crisis like Kenya.
Ruto had no choice because it was an IMF condition from last year but your govt then saw it wise to leave the decision for an incoming government..All the tax increases you're seeing in Kenya is just the IMF purging you guys.

The majority of Ghana debt are into stuff that can pay for themselves, so no one is worry about Ghana debts.

What everyone is worry about is how the Ghanaian govt can free up cash to carry on govt programs because the govt is illiquid..

IMF is recommending an increase in taxes which the government seem against.
Ghana is taking time because both political parties don't agree we need an IMF program.

obaaderemi:
Popizaino? That's hard to believe.

That's the way he type

Mkenya2019:
At 60 million people with maybe 4-5 hh size; they probably have 12-15m household; so 3 million is very low;
I think kenya is approaching 6 million household; with 2 million business/enterprises/ - of the 8 million plus connections of kplc; not counting the solar connectins.

who in his right mind will trust your figures? Since when have kenyan gov stopped cooking data?
You remember what u did on road network figures?
You remember what u did on hunger index?
You remember about your overrated GDP?
You remember about last mile connection hoax?

Tanzania, United republic
TZTZTZ

Kazikazi:
who in his right mind will trust your figures? Since when have kenyan gov stopped cooking data?
You remember what u did on road network figures?
You remember what u did on hunger index?
You remember about your overrated GDP?
You remember about last mile connection hoax?

The fraud never ends... Anyway, IEA Kenya has already told us Kenya has less than 50% connection.

Just40:
Kenya has a serious debt crisis and there's nothing like soft IMF conditions for a country in debt crisis like Kenya.
Ruto had no choice because it was an IMF condition from last year but your govt then saw it wise to leave the decision for an incoming government..All the tax increases you're seeing in Kenya is just the IMF purging you guys.

The majority of Ghana debt are into stuff that can pay for themselves, so no one is worry about Ghana debts.

What everyone is worry about is how the Ghanaian govt can free up cash to carry on govt programs because the govt is illiquid..

IMF is recommending an increase in taxes which the government seem against.
Ghana is taking time because both political parties don't agree we need an IMF program.

Deflection won't solve your country mess.You already did 30 percent expenditure cut this year and it didn't help.Mobile money tax didn't help.Credit rating likely to go to RD from CC.Imf are in fix because austerity measures are not enough to fix Ghana...some form of debt restructuring is needed...both local and foreign...which is disaster because youll never borrow again outside imf n such.Youre about done.

Kazikazi:
who in his right mind will trust your figures? Since when have kenyan gov stopped cooking data?
You remember what u did on road network figures?
You remember what u did on hunger index?
You remember about your overrated GDP?
You remember about last mile connection hoax?

The only country imf n world bank has fingered for cooking figures is Tanzania under Magufuli.Kenya has free vibrant media...that can write anything.. something Tanzanians don't enjoy

...

It was huge gamble -6 - 8- 12 billion dollars - then 18 billion dollars before even operation- but he has pocketed Abuja. Unless Peter Obi is elected; he will likely get Nigeria gov to loan him money; maybe he will sell another 20% to NPP. Anyway I thought he had raised half the money required to finish the plant. But with problems even in Kogi state...the salt merchant fraud may coming to an ignominious end.

His best bet remain Nigeria is a zoo - and will buy his plant - he just need to bribe enough people in Abuja. They already oversold the refinery as panacea to many problems facing Nigeria. It should be easy to sell the public why Nigeria gov need to spend 10 billion dollars of hard oil currency on this. Russia took about 10 billions to build the rusted steel plant....in Ajekouta (sp)...Indians can as well carry 25 billions to build a refinery.

In the meantime for average nigerian - everything is a broken - roads, schools, electricity, water - it like Somalia - you have money - do it for yourself - you dont - God help you. Thankfully it rains and people can forage & eke a living.

SUFFERInSMILIIN:
Breaking news

dangote in massive financial trouble he might lose the oil refinery and also the cement company because of massive debt. Bua Cement company is also in the same problem. Date of dangote refinery no more than what dangote holding is worth

Mkenya2019:
It was huge gamble -6 - 8- 12 billion dollars - then 18 billion dollars before even operation- but he has pocketed Abuja. Unless Peter Obi is elected; he will likely get Nigeria gov to loan him money; maybe he will sell another 20% to NPP. Anyway I thought he had raised half the money required to finish the plant. But with problems even in Kogi state...the salt merchant fraud may coming to an ignominious end.

His best bet remain Nigeria is a zoo - and will buy his plant - he just need to bribe enough people in Abuja. They already oversold the refinery as panacea to many problems facing Nigeria. It should be easy to sell the public why Nigeria gov need to spend 10 billion dollars of hard oil currency on this. Russia took about 10 billions to build the rusted steel plant....in Ajekouta (sp)...Indians can as well carry 25 billions to build a refinery.

In the meantime for average nigerian - everything is a broken - roads, schools, electricity, water - it like Somalia - you have money - do it for yourself - you dont - God help you. Thankfully it rains and people can forage & eke a living.

Dangote refinery is on course.

Fitch says Nigerian banks can withstand the depreciation of the naira 

Despite the challenges, Fitch said Nigerian banks will be able to withstand the depreciation of the naira. Part of the report said:

 “Nigerian banks’ capitalisation would be fairly resilient to further naira depreciation given their long net foreign-currency (FC) positions and small FC-denominated risk-weighted assets (RWAs), Fitch Ratings says.  “The capital impact from higher credit costs would be offset by higher pre-impairment operating profits, underpinned by FX revaluation gains. Fitch said, “Capital ratios have strengthened in recent years, providing greater buffers against FX and asset-quality risks. Even a sharp fall in the naira should not in itself trigger downgrades. Nigerian banks’ main ratings sensitivity is to a change in Nigeria’s ‘B’/Stable rating.” 

The credit rating agency also stated that Nigerian banks are less exposed to naira depreciation in 2022 compared to their exposure level in 2016. “Currency depreciation weakens banks’ capital ratios by inflating FC-denominated RWAs. However, in Nigeria, this is mitigated by large FC translation gains, supporting internal capital generation. Banks are less exposed to naira depreciation than in 2016 when the naira fell 40% against the US dollar. Since then, banks have reduced FC-denominated RWAs by limiting FC lending, and all Fitch-rated Nigerian banks have long net FC positions,” Fitch said. 

Fitch also stated that the high-interest rates would significantly benefit the banking sector. Fitch said, “Rising interest rates will underpin profitability, helping to absorb FX and asset-quality risks. The Central Bank of Nigeria (CBN) has increased the monetary policy rate by 400bp this year – to 15.5% – to tackle inflation, and further rises are likely. Higher interest rates will benefit banks through loan repricing and higher yields on fixed-income securities. At the same time, funding costs will remain relatively low as over 70% of deposits are low-cost current and savings account deposits.” 

“However, the CBN has also increased banks’ cash reserve ratio by 500bp to 32.5% to mop up excess liquidity, which dampens earnings. We estimate 18% of bank sector assets at the end-2021 were unremunerated cash reserves at the CBN – an opportunity cost worth about 20% of banks’ operating income,” Fitch added.

Double post

LAGOS LIGHT RAIL - ALMOST DONE

https://www.youtube.com/watch?v=T2TeeLWeRfk

Affordable housing units in Lagos called LAGOSHOMS

https://www.youtube.com/watch?v=m4Z2a0JEFls

Dangote refinery

If I'm correct or remembering right, Akuffo-Addo appointed 46 people aka family members in his government. Ken Ofori-Atta is also one of them being his cousin thats also the finance minister and that also happens to be a thief. Giving his family cabinet and senior government roles who are obviously unqualified instead of giving people positions based on their merit or preformance.

Its the same thing we saw happen in Sri Lanka and look how well that turned out. Future governments of Ghana should learn from this.

But its a pretty good sign that you might just be a corrupt bastard as well. Please resign Nana Akufo and take all your family members with you.

QueenNyakim:
If I'm correct or remembering right, Akuffo-Addo appointed 46 people aka family members in his government. Ken Ofori-Atta is also one of them being his cousin thats also the finance minister and that also happens to be a thief. Giving his family cabinet and senior government roles who are obviously unqualified instead of giving people positions based on their merit or preformance.

Its the same thing we saw happen in Sri Lanka and look how well that turned out. Future governments of Ghana should learn from this.

But its a pretty good sign that you might just be a corrupt bastard as well. Please resign Nana Akufo and take all your family members with you.

Nana Akufo Addo have certainly made some mistakes but I don't know if his resignation would solve anything at the moment. In some few months at least the IMF deal for Ghana may come through.

GeneralDae:

Nana Akufo Addo have certainly made some mistakes but I don't know if his resignation would solve anything at the moment. In some few months at least the IMF deal for Ghana may come through.

He was warned about this by the World Bank and IMF for years to stop recklessly borrowing or that Ghana would become one of the worst high indebted countries. He along with Bawumia decided not to listen and look where Ghana is today, near to the brink of defaulting.

I know one thing for sure, I'm not voting for the NPP or NDC in 2024. I just hope a third alternative party appears in 2023 that doesn't have their heads up their own asses.

QueenNyakim:


He was warned about this by the World Bank and IMF for years to stop recklessly borrowing or that Ghana would become one of the worst high indebted countries. He along with Bawumia decided not to listen and look where Ghana is today, near to the brink of defaulting.

I know one thing for sure, I'm not voting for the NPP or NDC in 2024. I just hope a third alternative party appears in 2023 that doesn't have their heads up their own asses.

I would advise you look beyond party and look more at the competence and track record of the person.
Look at Nigeria today, many are swayed by the Obi mantra in Nigeria. Some simply due to anger vested against the APC and PDP.
To me, it makes no sense. We should rather be weighing the candidates and their ideologies more than the party's.
For me, I can never vote an Atiku for instance because I am not a subscriber to the free market capitalist ideology.
I am a socio capitalist. I believe in PPP ( the state working hand in hand with the private sector). The private sector should learn to see the state as big brothers who mean well, not dictators out to get them.

GeneralDae:

I would advise you look beyond party and look more at the competence and track record of the person.
Look at Nigeria today, many are swayed by the Obi mantra in Nigeria. Some simply due to anger vested against the APC and PDP.
To me, it makes no sense. We should rather be weighing the candidates and their ideologies more than the party's.
For me, I can never vote an Atiku for instance because I am not a subscriber to the free market capitalist ideology.
I am a socio capitalist. I believe in PPP ( the state working hand in hand with the private sector). The private sector should learn to see the state as big brothers who mean well, not dictators out to get them.

If you believe in PPP system in the economy, then no loud am- you are voting Tinubu.

QueenNyakim:


He was warned about this by the World Bank and IMF for years to stop recklessly borrowing or that Ghana would become one of the worst high indebted countries. He along with Bawumia decided not to listen and look where Ghana is today, near to the brink of defaulting.

I know one thing for sure, I'm not voting for the NPP or NDC in 2024. I just hope a third alternative party appears in 2023 that doesn't have their heads up their own asses.

Which of the countries here is not highly indebted? African countries are getting drunk on loans, forgetting that there's always a day of reckoning.

It's not about your current president, it's about low productivity in African countries. How can we continue exporting raw materials and expect to be rich in the face of growing populations? We need leaders who can develop our service sector, manufacturing and stimulate exports of finished goods that are competitive globally. Not just what grows on land or what exists under land.

What's Kenya's biggest export? Tea.
Nigeria? Oil.
Ghana? Gold.

How can such countries get rich? They'll keep borrowing blindly.

obaaderemi:
If you believe in PPP system in the economy, then no loud am- you are voting Tinubu.

u don hit my car things.

We go hear wehn for this country las las.

theenchanter:
u don hit my car things.

We go hear wehn for this country las las.

Oyinbo repete go soon start again after 2023. You no loud am- you dey vote Obi.