rvp20182:
Captive power is cheaper - because Dangote can import and burn coal.
Yes there will be capex but it will eventually pay out.

Dangote is expensive because there is no real competition.

His gameplan is well know - reduce the price of cement to bare minimum - crush competition - gain market share - then jack up the price.

He can only do that in your Zoo - everywhere else he has struggled - because the playing field is more even.

Nigeria you need to be connected to buy basic stuff like dollars.

you said "Dangote is expensive because there is no real competition" , BUA group produces about 12 million tones of cement per annum, amd will surpase dangote in some years to come

Should we dedicate a day to teach you about basic arithmetic's? Percentages?

obaaderemi:
Exactly what I said earlier on. His country had inflation of 5%
at the beginning of the year, now it's almost 10%. He would still be here arguing about other countries when his country begins to see double digit inflation.

Market share. Dangote 60%. BUA 20%. Lafrafe 19.5%. The rest 0.5%. Outcome some world most expensive cement prices. Dangote & BUA just meet and fix the price.
Kenya most are 15% market share - with Bamburi having 30% (maybe 20% now). Dangote would never dare come to Kenya.

This was 2018 - I think three new players have join the market. Kenya gov owned Portland Cement is at 15%. Bamburi is majority owned (60%) by LafargeHolcim

68816419:

you said "Dangote is expensive because there is no real competition" , BUA group produces about 12 million tones of cement per annum, amd will surpase dangote in some years to come

rvp20182:
Should we dedicate a day to teach you about basic arithmetic's? Percentages?

Says the one who has always muddled up his numbers here.

What has arithmetic got to do with the fact that your inflation rate obviously is rising and not subsiding?

166 countries are currently attending UN World Tourism Organisation conference in Lagos- Largest tourism event in the world

https://www.youtube.com/watch?v=JOz9EexAu0s

rvp20182:
Market share. Dangote 60%. BUA 20%. Lafrafe 19.5%. The rest 0.5%. Outcome some world most expensive cement prices. Dangote & BUA just meet and fix the price.
Kenya most are 15% market share - with Bamburi having 30% (maybe 20% now). Dangote would never dare come to Kenya.

This was 2018 - I think three new players have join the market. Kenya gov owned Portland Cement is at 15%. Bamburi is majority owned (60%) by LafargeHolcim

Still less than the 70% market share controlled by the British owned Safaricom in your telecom sector. That's a monopoly.

68816419:
166 countries are currently attending UN World Tourism Organisation conference in Lagos- Largest tourism event in the world

https://www.youtube.com/watch?v=JOz9EexAu0s

Impressive.

Inflation is falling.
You can check the prices at https://www.carrefour.ke and you may notice kenyans are not complaining.
Ghanians are one being gutted and you can hear their wails.
Sugar/Maize had gone to 125kshs/Kilo - now they are down to 90 per kilo.
Normally they should retail for 50-60 kshs per kilo.
Cooking gas/oil - also down by huge margin.

Only problem is petrol & diesel - but it's not increasing - just reducing by 2 kshs.

So I expect a massive cut in inflation in nov and dec - might go one or two percent down.

https://www.carrefour.ke/

obaaderemi:
Says the one who has always muddled up his numbers here.

What has arithmetic got to do with the fact that your inflation rate obviously is rising and not subsiding?

Safaricom is owned 35-40% by Vodacom - which is owned 60 percent by Vodafone. Vodafone therefore own about 20% of Safaricom.15% by South Africans.
kenya gov owns 35%
Kenya public - investors - own 25% that Kenya gov sold via IPO through NSE.
Kenya gov being custodian of public investor has huge say in Safaricom.
Right now both Chairman and CEO are kenyans appointed by Kenya Gov.

In short Safaricom is a largely a public company with kenya gov controlling things and protecting public interests. It's not owned by Dangote.

obaaderemi:
Still less than the 70% market share controlled by the British owned Safaricom in your telecom sector. That's a monopoly.

rvp20182:
Safaricom is owned 35-40% by Vodacom - which is owned 60 percent by Vodafone. Vodafone therefore own about 20% of Safaricom.15% by South Africans.
kenya gov owns 35%
Kenya public - investors - own 25% that Kenya gov sold via IPO through NSE.
Kenya gov being custodian of public investor has huge say in Safaricom.
Right now both Chairman and CEO are kenyans appointed by Kenya Gov.

In short Safaricom is a largely a public company with kenya gov controlling things and protecting public interests. It's not owned by Dangote.

Does this stop Safaricom from being a monopoly?

It doesnt but it's largely a public company - benefiting the public. That only area where monopolies are allowed. If public didnt have a huge stake in it - it would have been forced to reduce the market share.

Does Nigeria have something like Competition Authority to check on Dangotes
https://cak.go.ke/

Look in Kenya - for example - when study was done - and it was determined that oil companies had formed an oligopoly ( a cartel like Dangote & BUA) - the petrol prices are regulated by gov.

obaaderemi:
Does this stop Safaricom from being a monopoly?

You basically need to do something similar to what we do with petrol/diesel prices.
Every month - a study is done to determine all the cost.
And maximum price for all kenya region factoring transport is issued.

So oil companies dont jack prices willy nilly or collude to rig the market.

Every 15th day they publish maximum prices to avoid Dangote capture.

https://www.epra.go.ke/maximum-retail-petroleum-prices-in-kenya-for-the-period-15th-november-to-14th-december-2022/

rvp20182:
You basically need to do something similar to what we do with petrol/diesel prices.
Every month - a study is done to determine all the cost.
And maximum price for all kenya region factoring transport is issued.

So oil companies dont jack prices willy nilly or collude to rig the market.

Every 15th day they publish maximum prices to avoid Dangote capture.

https://www.epra.go.ke/maximum-retail-petroleum-prices-in-kenya-for-the-period-15th-november-to-14th-december-2022/

It's the same for cement and almost every other consumer good. Kenyans can never subjected to Dangoteism, inflation and monopolies. Kenya is not a unregulated free trade area, a zoo!!

Thanks. I didnt know they had reign on them. That is why cement prices have remain inflation proof until recently. Dangote just makes a call to Bua and they agree to charge equivalent of 1,200ksh - and that was last year - before you add transport. That is twice kenya plus.

gallivant:


It's the same for cement and almost every other consumer good. Kenyans can never subjected to Dangoteism, inflation and monopolies. Kenya is not a unregulated free trade area, a zoo!!

Nigeria to soon become medical tourism hub in Africa
1- 2 - Contractors detach scaffolding from the ongoing construction of Kano Cancer Treatment Centre(North central) to signal nearness to completion of the project ;which would be run with the guidance of Australia World Cancer Treatment Centre ( the best in Australia).
3-4 Nov 14, 2022 launching of world-class cancer and cardiovascular centre in Port Harcourt(South-South) as the USA Govt said they are looking to partnering with the cancer centre . The center features 3 theatres, Catheterization Laboratory, Radio therapy, Brachy therapy and nuclear medicine.,
·

obaaderemi:
Impressive.

The event Holds Nov 14–Nov 17, 2022.

obaaderemi:
Impressive.

More
The $100m renovation plan will see the construction of new theatres and facilities within the premises of the National Theatre to boost creativity, talents and tourism
The project is currently under construction

No wonder Nigeria is a giant in Manufacturing
1-2: CDK Industries invested multimillion dollars to establish this mega factory in Sagamu(Ogun stae, sout west) to produce 4million square metres of porcelain tiles and sanitary wares yearly. Now they have begun exporting to Ghana and Liberia
3.4: This is Goodwill Ceramics in Ogun too south west Nigeria ,very massive and they are exporting to other West African countries. Italian and Spanish tiles

One crazy old man says Nigeria manufacturing sector is fake
The largest garment factory in West Africa is completed in Kwara(North) and nears commissioning by of Kwara State to employ 2000 trained workers.

.

rvp20182:
It doesnt but it's largely a public company - benefiting the public. That only area where monopolies are allowed. If public didnt have a huge stake in it - it would have been forced to reduce the market share.

Does Nigeria have something like Competition Authority to check on Dangotes
https://cak.go.ke/

Look in Kenya - for example - when study was done - and it was determined that oil companies had formed an oligopoly ( a cartel like Dangote & BUA) - the petrol prices are regulated by gov.

The largest shareholder of Safaricom is the British company, Vodafone with it's 40% indirect ownership. Safaricom is not really a public company.
So in essence it's still a monopoly and it affects other players in the field and by extension Kenyans.

There was a time Nigeria used to import cement and clinkers like Kenya does. A Nigerian company stepped in and today local production meets our entire demand. It's still expensive because of factors such as power supply but this will change with time.

The baffling thing is why cement costs in Kenya is a tad more expensive than in Nigeria. Recall that as at March cement prices in Kenya was a maddening $9. If we convert that to Nigeria using the black market rate you are find of quoting, that's about N7000! Now it's back to ksh 650, that's about $5.2. That's still more than in Nigeria.

68816419:
No wonder Nigeria is a giant in Manufacturing
1-2: CDK Industries invested multimillion dollars to establish this mega factory in Sagamu(Ogun stae, sout west) to produce 4million square metres of porcelain tiles and sanitary wares yearly. Now they have begun exporting to Ghana and Liberia
3.4: This is Goodwill Ceramics in Ogun too south west Nigeria ,very massive and they are exporting to other West African countries. Italian and Spanish tiles

Nigeria is more industrialized than Kenya. Another baffling thing in spite of our power supply issues.

obaaderemi:
Exactly what I said earlier on. His country had inflation of 5%
at the beginning of the year, now it's almost 10%. He would still be here arguing about other countries when his country begins to see double digit inflation.

kenya staticians institution is highly politically influence , who knows if that is the exact figure ? Cus consumer price index keep exposing them..

For example , you can still have a good meal in any standard restaurant with just two dollars in Ghana (about 28 to 30 cedis ) I doubt it will happen in kenya. I have checked on common food outlet like KFC.

vaxx:

kenya staticians institution is highly politically influence , who knows if that is the exact figure ? Cus consumer price index keep exposing them..

For example , you can still have a good meal in any standard restaurant with just two dollars in Ghana (about 28 to 30 cedis ) I doubt it will happen in kenya. I have checked on common food outlet like KFC.

Kenya is transparent.CPI include raw price data.Ghana doesn't.Hanke has flagged your inflation...for being grossly understated and people are wailing on the streets.

obaaderemi:
Nigeria is more industrialized than Kenya. Another baffling thing in spite of our power supply issues.

Tiles is something Uganda type countries celebrate..not Kenya.Dont lie to yourself Kenya is industrial giant in sub Sahara with most of our manufacturing companies operating regionally..only south Africa and Egypt are bigger..plus say Morocco.

rvp20182:
Tiles is something Uganda type countries celebrate..not Kenya.Dont lie to yourself Kenya is industrial giant in sub Sahara with most of our manufacturing companies operating regionally..only south Africa and Egypt are bigger..plus say Morocco.

Yet your manufacturing output is 7.9 Billion dollars.

obaaderemi:
The largest shareholder of Safaricom is the British company, Vodafone with it's 40% indirect ownership. Safaricom is not really a public company.
So in essence it's still a monopoly and it affects other players in the field and by extension Kenyans.

There was a time Nigeria used to import cement and clinkers like Kenya does. A Nigerian company stepped in and today local production meets our entire demand. It's still expensive because of factors such as power supply but this will change with time.

The baffling thing is why cement costs in Kenya is a tad more expensive than in Nigeria. Recall that as at March cement prices in Kenya was a maddening $9. If we convert that to Nigeria using the black market rate you are find of quoting, that's about N7000! Now it's back to ksh 650, that's about $5.2. That's still more than in Nigeria.

Safaricom is largely own by public with Vodafone as the strategic investor...that is why chairman and CEO are appointed by Kenya gov.Safaricom has dominated market by being innovative.. giving the world mpesa and that their critical advantage.Yes mpesa now need to become a bank....then telcom business can compete. As for cement...Dangote final price even without current global crisis was higher than anywhere.In Zambia dmDangote sell for 1800 naira

rvp20182:
Safaricom is largely own by public with Vodafone as the strategic investor...that is why chairman and CEO are appointed by Kenya gov.Safaricom has dominated market by being innovative.. giving the world mpesa and that their critical advantage.Yes mpesa now need to become a bank....then telcom business can compete. As for cement...Dangote final price even without current global crisis was higher than anywhere.In Zambia dmDangote sell for 1800 naira

Safaricom's largest shareholder is Vodafone. Period. The CEO and chairman of Safaricom can only be appointed by the board not by government. That's why the chairman was a South African. Pls bring contrary facts if you have them.

It's too early for lies and misinformation. A bag of cement in Zambia is about $8. That's robbery, just like Kenya. It is more expensive than in Nigeria. Just like Kenya too where cement is more expensive than in Nigeria.

rvp20182:
Tiles is something Uganda type countries celebrate..not Kenya.Dont lie to yourself Kenya is industrial giant in sub Sahara with most of our manufacturing companies operating regionally..only south Africa and Egypt are bigger..plus say Morocco.

You're less industrialized than Nigeria. Check our stock exchange and yours. Yours is dominated by service companies like Safaricom.

rvp20182:
Yours is an emergency - a crisis - a mess - and you better get IMF.
Not every country is going through a crisis - China inflation is 2%.
Kenya has generally breezed through all sort of global economic crisis
The trick is diversifying the economy and building resilience.
We don't depend on one thing...and of course we watch our macro-economics better.
This year was terrible as we faced Ukraine, drought and election.
Now we are about done with drought & election went well - so that already given us a lift.
Inflation is coming down...
I expect from 9% - it will come down this month to 7 % - which is our immediate target.
And next year it will be back to sweat spot of 5%.
We generally need to improve a few things - reduce debt, free up economy for more competition (too many SOES) and etc.

For Ghana - boy - 140% inflation.

nah , you goofed boy, ours comes as result of global phenomenon like covid 19 ( same things that causes your debt unstablity and the internal government police like the financial clean up exercise . So you knew nothing. Your government was not doing enough In 2016 when he forcefully acquired three debt ridden banks , your bigger problem has been prosponed , Ghana is handling his own nah , that is just the difference .

Despite your stubbornness to fact that can be obtained from open source , you still fumbled. Chinese citizens will eat you alive for saying their price index hasn't changed of resent. If it is way lower than many developed nations like them , it doesn't changed the fact they are not under inflation , maybe well managed but the fact is they did not excaped it . When the whole world was at his knees during covid 19, Ghana cedis was performing best to the dollar , Ghana was giving free water to her citizens , lowering electricity cost for her citizens and so many social responsibility , if kenya try that , your country will bleed out . She is not in a financial position to rely on tea economy to drive such bill. nah , almost your entire population workforce are into agriculture , so what types of diversification are you talking about ? That is even bigger than Ghana entire population. So you aren't doing better than Togo bro. If you are borrowing at such alarming rate in which constitution was even thrown to the gutter to allowed for more debt profile. Borrowing beyond what you can pay. And china care less. they suddenly add another 11 million dollar to your debt for your failure to refuse paying up what you borrowed.
But if push comes to shove, what are you leaning on in kenya ,, Tea and flower , you must be mad .

We have billions if not trillions of dollars sitting in form of common dirt sands ( gold in our soil ) borrowing hasn't become a problem , the world is aware, it is it the ability to pay back on time . We are capable .

rvp20182:
Kenya is transparent.CPI include raw price data.Ghana doesn't.Hanke has flagged your inflation...for being grossly understated and people are wailing on the streets.

until you provide an independent WATCH to the common ones . Kenya corrupt profile picture is all known. Your governance system is one of the corrupt in world , way rated than nigeria .

For Ghana allowing unknown hanks into her economic system should show you how independent we are ? I know kenya will be willing to avoid it .