Remittances are mainly for families,African governments have been looking on how they can get and pump this cash into big money development projects! On a side note,remittances up the GDP of a country much!

bantudra:
i once read a news that the money that nigerians abroad send back home is even higher than earnings of oyel....

vaxx:
Any business that lures investors and pays profits to earlier investors by using funds obtained from more recent investors without a actual product and service is a pomzi schemes . businesses can not be sustained simply by referring or relying upon people recent investment. A sustainable buisness works with product or service . A meaningful one for that matter.

nah, tt deals with stocks exchange. there is movement of services.

you are getting ponzi wrong
even banks take a deposit from new depositors to pay old depositors who go for their monies.

anyway, the fact of the matter is , the guy has the money.
And he will make payment to his customers.

Jonraid:
Look at Ghana readying to outpace the jealousy Southern Neighbour with almost half the population that Tz has!

but is already a force they can't compete with
They should just get over it

Ibrahimanis:

The article did not mention that East Africa accounts for more FDI than West Africa.

https://unctad.org/en/pages/PressRelease.aspx?OriginalVersionID=461

Like I said historically west Africa accounts for more FDI than East Africa. I haven't seen the value for 2018

I don't know about FDI rankings
But east African countries rank highly in terms of ease of doing business
Most west African countries are unstable

Ibrahimanis:

The article did not mention that East Africa accounts for more FDI than West Africa.

https://unctad.org/en/pages/PressRelease.aspx?OriginalVersionID=461

Like I said historically west Africa accounts for more FDI than East Africa. I haven't seen the value for 2018

Do you read the Articule you posted yourself.

this is the screenshot below.

tylann:

Sudan was an oil dependant country so when the south secession occurred the south went away with all the oil wells
Living the north to lick they wounds
You still haven't told me what's is Nigeria main earner

and i told you,i dont know....but i know for a fact that its not oyel....

i can try to find out....

blaimy....we dont even know how many nigerians are around sef...could be much more than those international moroons estimate....

nigeria is practicaly the ol west africa....many just cross the borders and stay....nobody bothers them...

you will not see a nigerian police askin you for your nigerian id....

what happened with ghana was just political bruhahas....sad period....

we nigerians are not actualy like that....

you black and on nigerian soil,you automaticaly become nigerian....

vaxx:
Do you read the Articule you posted yourself.

this is the screenshot below.

Did you also read it?
This is the screenshot

West Africa 11bn
East Africa 7.6bn

vaxx:
when it comes to foreign direct investment, east africa in general is doing far better than west africa.

we need to borrow inteligence from you guys. it is commendable. west africa and central africa is doing poor in the area comparing to you guys.

West Africa, for a lont time has been the trouble basket of Africa

bantudra:


and i told you,i dont know....but i know for a fact that its not oyel....

i can try to find out....

blaimy....we dont even know how many nigerians are around sef...could be much more than those international moroons estimate....

nigeria is practicaly the ol west africa....many just cross the borders and stay....nobody bothers them...

you will not see a nigerian police askin you for your nigerian id....

what happened with ghana was just political bruhahas....sad period....

we nigerians are not actualy like that....

you black and on nigerian soil,you automaticaly become nigerian....

Just say oil because it is oil
There is nothing wrong with having oil as your main earner because it is yours
And it has helped to build a economy

About immigrants kenya accepts immigrants from across africa but some of them engage in criminal behaviour that is where the problem is
We have huge refugee camps in Kenya holding thousands of refugees from our warn torn neighbours

Just30:
you are getting ponzi wrong
even banks take a deposit from new depositors to pay old depositors who go for their monies.

anyway, the fact of the matter is , the guy has the money.
And he will make payment to his customers.

not at all bro. bank is doing productive business, ponzi schemes is not.The different between rate of lending and rate of deposits are called interest spread and that is the bank’s Income.

For example, your deposit 1000 cedis in your bank and in return bank will give you cedis . 40 as interest at the end of one year (4% per annum ) For simple calculation and understanding i have taken only saving bank deposit here.

These 1000 cedis bank will give to other customers as a Loan and will charge 120 (12% Per annum).

Here cedis . 40 is the cost of bank and cedis 120 is revenue and the difference which is ghc 80 is the Income or you can say operating profit for the bank.

they are many ways bank make productive business thru service.


i honestly do not think the guy is rich enough, what he does was psychological brain washing. he created the idea that he is very rich and that sink well to the people.

many business also do that as well, there was a time oceanic bank in Nigeria created such idea, it surprised everybody that the bank can be bought by eco bank which is having a few customer base comparing to her.

not knowing despite being small, tbe few base customer are very productive.

East Africa the fastest growing region in Africa
We are making Africa proud
Other regions can follow our lead
South Sudan and Burundi are letting us down

tylann:

Just say oil because it is oil
There is nothing wrong with having oil because it is yours
And it has helped to build a economy

About immigrants kenya accepts immigrants from across africa but some of them engage in criminal behaviour that is where the problem is
We have huge refugee camps in Kenya holding thousands of refugees from our warn torn neighbours

tahh...nigeria had refugess from north africa since the 80s...refugees is nothing special....

stop complainin and upgrade your police....anybody fvck up,wheather kenyan or not,arrest them and throw them in prison....

i dont know why we should be accusin all particular type of people because some of them commited something....

Ibrahimanis:

Did you also read it?
This is the screenshot

West Africa 11bn
East Africa 7.6bn

oh my godth, who is talking about trade volume here, it is common sensical that business operated in Nigeria will likely generate much more trade surplus than that of ghana due to population, but the question is how many of such buisness are willing to stay and have branches. from the link you posted yourself, you can see the decline statistics and percentage of the volume trade. when you begin to divide that percentage per the individual; you will realise the reverse is the case.

vaxx:
oh my godth, who is talking about trade volume here, it is common sensical that business operated in Nigeria will likely generate much more trade surplus than that of ghana due to population, but the question is how many of such buisness are willing to stay and have branches. from the link you posted yourself, you can see the decline statistics and percentage of the volume trade. when you begin to divide that percentage per the individual; you will realise the reverse is the case.

you are contradicting your self...first you say population matter,then you say wheather this investors would stay....

nawa....do all kenyans reason like this....?

About Africa's FDI

West Africa should be a larger market than East Africa,but read here more why E.Africa is doing well than it.It's more better if more billions go towards a smaller populace!

https://www.ey.com/za/en/issues/business-environment/ey-attractiveness-program-africa-2018

Ibrahimanis:

Did you also read it?
This is the screenshot

West Africa 11bn
East Africa 7.6bn

bantudra:


tahh...nigeria had refugess from north africa since the 80s...refugees is nothing special....

stop complainin and upgrade your police....anybody fvck up,wheather kenyan or not,arrest them and throw them in prison....

i dont know why we should be accusin all particular type of people because some of them commited something....

Yes we arrest them and some of them like your brothers from nigeria start crying and playing victims

rvp2018:
Kenya is growing at more than 6% - or double digit - because you need to factor the strength of currency against USD. That is adding another 4-5% to growth. You see for economy to grow from 88B to 98B in a year - 10B dollars more - then growth rate is more than 10% - around 11%.All that is coming because for many years Kshs has been Africa strongest currency - it doesn't depreciate like the rest - and when it does it not a catastrophy.

Not enough of us realise this! Compare other currencies vs the dollar like the rand,birr and/or botswana pula. As usual rvp2018 is right! Our shilling suffered post Westgate/Lamu and Garissa massacre.

bantudra:


you are contradicting your self...first you say population matter,then you say wheather this investors would stay....

nawa....do all kenyans reason like this....?

lol. do you lack queen language. read what i wrote there again and get back to me.

vaxx:
oh my godth, who is talking about trade volume here, it is common sensical that business operated in Nigeria will likely generate much more trade surplus than that of ghana due to population, but the question is how many of such buisness are willing to stay and have branches. from the link you posted yourself, you can see the decline statistics and percentage of the volume trade. when you begin to divide that percentage per the individual; you will realise the reverse is the case.

Bro I don't know whats wrong with your eyes but that picture I posted clearly States that West Africa accounts for more FDI than East Africa. I don't know where you get your trade volume from.

Ibrahimanis:

Bro I don't know whats wrong with your eyes but that picture I posted clearly States that West Africa accounts for more FDI than East Africa. I don't know where you get your trade volume from.

This is big problem. but anyway it is ok. what is your academic qualification?

tylann:

Yes we arrest them and some of them like your brothers from nigeria start crying and playing victims

ofcourse....a criminal always play victim....its nothing new....

but you can not say all nigerians are criminals too becuase you had some bad experience with some nigerians....

we nigerians could just as well turn it around and say all kenyans are criminals too....

or you think their are no criminal kenyans in the world too....??

dont go that path....its always ends up in war....

bantudra:


ofcourse....a criminal always play victim....its nothing new....

but you can not say all nigerians are criminals too becuase you had some bad experience with some nigerians....

we nigerians could just as well turn it around and say all kenyans are criminals too....

or you think their are no criminal kenyans in the world too....??

dont go that path....its always ends up in war....

I didnt say all nigerians i said some

Jonraid:
About Africa's FDI

West Africa should be a larger market than West Africa,but read here more why E.Africa is doing well than it.It's more better if more billions go towards a smaller populace!

https://www.ey.com/za/en/issues/business-environment/ey-attractiveness-program-africa-2018

True but that's not what we are talking about, we are not talking value of FDI by region in Africa. He said East Africa always account for more FDI than West Africa, and I said historically west attracts more FDI than East Africa but I haven't seen the value for 2018, you can share if you have.

vaxx:
This is big problem. but anyway it is ok. what is your academic qualification?

I am a professor of economics in Harvard University


























Student

tylann:

I didnt say all nigerians i said some

that is a start....thinkin people would look down on their selfs because you say so is complet madness....

do you think a afghani look down on himself or syrian or libyan....??...although their nations is completly in chaos....??

i already told you kenyans to first learn respect for others.....

anything else is trouble....

Ibrahimanis:
2019 GDP forecast - IMF

www.nairaland.com/attachments/8577584_africatop20countriesbygdp2019forecast_pnga2699048b0d00cbef99330a6cd34fb57

BTW, post us the source of this information. We might be discussing something that was created by a bored teenager practising MS Excel

Ibrahimanis:

True but that's not what we are talking about, we are not talking value of FDI by region in Africa. He said East Africa always account for more FDI than West Africa, and I said historically west attracts more FDI than East Africa but I haven't seen the value for 2018, you can share if you have.

let me test your analytical skills. Ghana with a population of about 25 million has about. 81 plus university and Nigeria with population of about 180 million has about 300 plus university. which country has more university going by the percentage with the population of these nations?

i think the answer here should give you a fair understanding of the present argument.

NairobiWalker:


But they are doing extremely well and are stable. Seychelles for example depends on tourism and service industry which is human resource - no country can be set itself best more than that. Mauritius has the most mature service and banking industry in Africa and perhaps the most diverse non-mineral economy in Africa. The only problematic country here is equatorial guinea. If oil industry crashes, this country could become poorer than Chad.

I keep seeing Eq Guinea being mentioned in the same breath as Mauritius or the Seychelles-if only you guys knew!!

Equatorial Guinea
’s HDI
value for 2017 is
0.591
—
which put the country in the
medium
human
development category
—
positioning it at
141
out of
189 countries and territories.

http://hdr.undp.org/sites/all/themes/hdr_theme/country-notes/GNQ.pdf

They're at our level-this country is the poster child for all the ills of oil based economies despite a seemingly high GDP per capita of 12k$. Look!

As a nation, it has extraordinarily low debt, extremely fertile soil, and a small population of roughly 900,000. It has recently raised a one billion dollar fund to invest alongside foreign countries to develop the fishing, mining, petrochemical, financial services, and tourism industries. So, why is Equatorial Guinea poor?

On the surface, it would seem that Equatorial Guinea is a booming country, rich in resources and high in potential. However, the particularities are far bleaker. According to the World Bank, 76.8 percent of the population lives in poverty.

As of 2014, 90 percent of the country’s GDP was dependent on oil revenue. Plummeting oil prices have hit the country hard, and the GDP decreased by 8.2 percent in 2016. It is estimated to drop another 5.9 percent in 2017. Worse yet, the clear majority of revenue procured never leaves the hands of the political elite.

https://www.borgenmagazine.com/why-is-equatorial-guinea-poor/

Lets remember this fact.

NairobiWalker:


BTW, post us the source of this information. We might be discussing something that was created by a bored teenager practising MS Excel

chai...you kenyans are so dificult to discuss anything with...
look at this pictures and learn yourself....

according to this satellite picture that chart could be real....

lying to yourselfs will not change anything....

Ibrahimanis:

I am a professor of economics in Harvard University


























Student

That is fair of you.