Jonraid:
If only the Jubilee government kept their promise of double digit economic growth,we will have been very far by now!

Its the Politics, Stupid!

rvp2018:
South Africa is classified by the IMF as resource -intensive. South Africa has been built on the back of it's minning industry. Jozi would be nothing without the gold & plantinum mines.

Bruh, lets say gold and brains! Congo has tons of minerals but evidently no brains.

NairobiWalker:


We can't tell the future but currently the country closest to being developed in Africa is Seychelles, Mauritius, Equatorial Guinea, Namibia, Botswana and South Africa in that order.

EG is not in that league. Replace that with Kenya, Rwanda or Ghana.

https://www.hrw.org/news/2017/01/27/equatorial-guinea-why-poverty-plagues-high-income-nation

NairobiWalker:


At exactly a half their population, Ghana is set to overtake Tanzania before the end of next year. That'll be a shame to our Southern neighbors.

Go Ghana !!!

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

There's actually an Arab Spring mushrooming in the Sudan right now.

Just30:
West Africa, for a lont time has been the trouble basket of Africa

Growing up typical partially (un)informed subsaharan African had these stereotypes in mind (the negatives)

West Africa - Gruesome wars
East Africa - Ceaseless famines
Southern Africa - HIV & AIDS
North Africa - One big Desert
Central Africa - Endless wars

On the positives

West Africa - Football
East Africa - Athletics & Safari
Southern Africa - Development
North Africa - Ghaddaffi
Central Africa - Lingala

jus kiddin

PROVERBZ:
lekki free trade zone dredging and reclaiming of lans just like in eko atlantic it costs 14billion USD its 2bn dollars refinery almost completed one of the biggest in the world being built by dangote will also contain a deep sea port to be built by the government and various amenities including luxury and affordable housing for the workers

Kenya's would find it interesting that the company overseeing this project is reandevour they are also over seeing the construction of tatu city and Appolonia city

now u see what we are talking about look at the technicality and the bold future it represents its one of the answers to Nigeria's problem as the refinary will power the whole of Lagos 24/7 and will also produce fertilizers for farms

Shouldnt we Africans, with this newfound understanding and common ground, be discussing why the company is non African in the first place.

PROVERBZ:
more the refinery has already picked pace will be completed by 2020 but will start production of fertilizers this yeqr

Awesome!

NairobiWalker:


Kenya almost catching up with Angola. Why is Angola's GDP shrinking though?

Kenya has also caught up and slightly surpassed Venezuela in GDP ,shameful for a country with the largest oil reserves anywhere.

Angolan Kwanza currency lost 50% of its value in the last one year alone...from 207 Kwanza to $1 US in Feb 2018 to 311 Kwanza per dollar in Jan 2019. Seems like oil ain't such a big blessing.

sufferNsmiling:


You are the most stupid illiterate nigerian have ever seen you insulted a brilliant and knowledgeable nigerian future president cold sowore.sowore has one of the best presidential ideas in nigeria he has future and foresight then you attacked him then come and attack me I think you are one of the 40 million mental people in nigeria

stfu....who allowed you to speak....??

idiota....

TayserMahri:


Bruh, lets say gold and brains! Congo has tons of minerals but evidently no brains.

and you never had the idea to help dem....

sufferNsmiling:


That guy is very useless he was insulting one of nigeria's best future youth leaders running for presidential race in 2019

wait a minute....when did i insulted sowore....??

i criticized him once for insultin elders....thats all....

if you think criticizen is insult,then so be it....

idiota....

bantudra:


wait a minute....when did i insulted sowore....??

i criticized him once for insultin elders....thats all....

if you think criticizen is insult,then so be it....

idiota....

Been hearing the name Sowore especially in relation to intelligence, hope, youth and so on. I became curious then interested in learning of him; however, when a new post in the politics section had as its central thought Swore advocating that elders, presumable with views contrary to his, deserves insults, I lost interest in finding out about him. It seemed to me then that he must be of a type who would value Western ideals above traditional Nigerian ones. For me, the individual that does not understand the importance of cultural values as the foundation on which meaningful and enduring progress can be achieved is a man not of the foresighted types Nigeria now desperately requires. However, since I nothing indepth of him, hope glimmers.

TayserMahri:


Bruh, lets say gold and brains! Congo has tons of minerals but evidently no brains.

Global powers have been fcking with Congo since time in memorial

Bifwoli:


Kenya has also caught up and slightly surpassed Venezuela in GDP ,shameful for a country with the largest oil reserves anywhere.

Angolan Kwanza currency lost 50% of its value in the last one year alone...from 207 Kwanza to $1 US in Feb 2018 to 311 Kwanza per dollar in Jan 2019. Seems like oil ain't such a big blessing.

Imagine in the year 2008 Venezuela had a GDP of $289.7 the same year Kenya had $35.9, in 2023 Kenya will have almost $140 and Venezuela will have $68...Sudan is also on the same economic failures, it was larger than Kenya's but today Kenya have three times larger economy than it

In 2014 Angola had a GDP of $145.7, Kenya had a $61.5, the gap is so small currently

Kenya is the seventh largest economy Africa, in three year time it'll be sixth...

Nairobi - the green city in the sun - Parliament & senate

That is same fate that awaits Nigeria. Nigeria GDP recently reduced from 500 to 350B. That is fate that afflict countries that depend on 1 or 2 resources and don't have a diversified economy. If Oil prices tanks - you can bet lot of economies will be wrecked.

This map shows which countries are most dependent on natural resources

Kur17:


Imagine in the year 2008 Venezuela had a GDP of $289.7 the same year Kenya had $35.9, in 2023 Kenya will have almost $140 and Venezuela will have $68...Sudan is also on the same economic failures, it was larger than Kenya's but today Kenya have three times larger economy than it

In 2014 Angola had a GDP of $145.7, Kenya had a $61.5, the gap is so small currently

Kenya is the seventh largest economy Africa, in three year time it'll be sixth...

rvp2018:
Nairobi - the green city in the sun - Parliament & senate

Beautiful pic

Kur17:


Imagine in the year 2008 Venezuela had a GDP of $289.7 the same year Kenya had $35.9, in 2023 Kenya will have almost $140 and Venezuela will have $68...Sudan is also on the same economic failures, it was larger than Kenya's but today Kenya have three times larger economy than it

In 2014 Angola had a GDP of $145.7, Kenya had a $61.5, the gap is so small currently

Kenya is the seventh largest economy Africa, in three year time it'll be sixth...

Maybe oil makes countries too lazy to diverse they economy

tylann:

Maybe oil makes countries too lazy to diverse they economy

it is much more political than technical. New sources of income breed new constituencies, since economic power can easily translate into political power. so oil producing nations are always at cross road. what to diversify, where to start from etc

rvp2018:
That is same fate that awaits Nigeria. Nigeria GDP recently reduced from 500 to 350B. That is fate that afflict countries that depend on 1 or 2 resources and don't have a diversified economy. If Oil prices tanks - you can bet lot of economies will be wrecked.

This map shows which countries are most dependent on natural resources

For sure Nigeria is another failure story,
4years ago Nigeria had 9× bigger GDP than Kenya,
In 2014 Nigeria had a GDP of $568, Kenya was $61....

Only bigger economies than Kenya, namely Morocco and Egypt's are doing fairly well, the rest we may catch up with them if the trend persist...

NairobiWalker:


At exactly a half their population, Ghana is set to overtake Tanzania before the end of next year. That'll be a shame to our Southern neighbors.

Ghana is a beacon of hope in Africa, always has been. Solid.

TayserMahri:


Shouldnt we Africans, with this newfound understanding and common ground, be discussing why the company is non African in the first place.



Awesome!

I think its CU's of the experience these foreign companies have I watched the recent interview by Nigerian Ronald chagoury about eko Atlantic and he was talking about how almost everything is 98 localy sourced he said at the beginning of the land reclamation process they had to invite foreign experts from Europe because they had no clue how to do it
but now he said they can even do it while sleeping

Glad no one is seeing this.I want that trend to continue that this Nations will one day look at their back and see Kenya smiling at them,that would be a shocker for them!

No one is heaping praise of Kenya being the largest non-mineral based economy in Africa due its diversification,it seems we are going stealth!

Kur17:

For sure Nigeria is another failure story,
4years ago Nigeria had 9× bigger GDP than Kenya,
In 2014 Nigeria had a GDP of $568, Kenya was $61....

Only bigger economies than Kenya, namely Morocco and Egypt's are doing fairly well, the rest we may catch up with them if the trend persist...

bantudra:


and you never had the idea to help dem....

How can we help the Congo or Somalia? Who will help us? Different countries need different approaches and only it's people know the solutions to their country. Let the Tanzanians or CIA help, they like getting involved in people's domestic disputes. Us we will trade with the Congolese and help without undermining their sovereignty. Principles.

TayserMahri:


Thanks to Ghana for training Nigerians to run nuclear reactors. You folks are doing a great job! Hosting Nigerian engineers and taught them the basics of reactor core conversion and they didnt mention. Had it been the other way round they would been all over shouting how they trained you little sisters

https://gaecgh.org/ghana-hosts-nigerian-nuclear-engineers-on-reactor-core-conversion/

That should be the second time you have helped them avert a nuclear catastrophe. The other time was when you organized, together with the nuclear agency and global powers USA and China to have the highly enriched uranium in Nigeria taken out of the forsaken country before terrorists capture it and make nuclear bombs. Quite nerve wrecking ...

https://www.defensenews.com/news/pentagon-congress/2019/01/14/how-the-us-and-china-collaborated-to-get-nuclear-material-out-of-nigeria-and-away-from-terrorist-groups/

There are just lots and lots of things we don't talk about especially when it comes to Nigeria
They are allowed to be loud

vaxx:
Then that is unlicensed operation. it does not have the license to trade in gold collectibles from the public

it has license to trade in gold collectables from the minerals commission and the ministry

it just doesn't have the license to trade in securities

Just30:

There are just lots and lots of things we don't talk about especially when it comes to Nigeria
They are allowed to be loud

are you then privileged to be loud?
if that project was successful (nuclear power plant) won't your government be one of the many to beg to benefit from it ?

Just30:

it has license to trade in gold collectables from the minerals commission and the ministry

it just doesn't have the license to trade in securities

Then the money he is receiving from depositors are illegal. that is why government said it is not accountable for about 1.8 million customers cash hook up with menzgold. now thst is gold vault market has been closed. will he return customers dividends and cash.

vaxx:
Then the money he is receiving from depositors are illegal. that is why government said it is not accountable for about 1.8 million customers cash hook up with menzgold. now thst is gold vault market has been closed. will he return customers dividends and cash.

He has no option because the laws are clear
he will have to refund customers money back to them.
Amazing he has quite a substantial amount of money in is Ecobank account that can pay off most customers

edon21:


are you then privileged to be loud?
if that project was successful (nuclear power plant) won't your government be one of the many to beg to benefit from it ?

Ghana wanted to help Nigeria build it but Nigeria was not willing to accept the reality of the time it was asking to build that can of infrastructure


and no, Ghana couldn't have benefitted because Ghana had enough electricity to power up the entire country and supply Togo and Burkina Faso at the same time.

Just30:
He has no option because the laws are clear
he will have to refund customers money back to them.
Amazing he has quite a substantial amount of money in is Ecobank account that can pay off most customers

Does he worth billions of dollars, in cash and asset and there is a rummor that he was arrested in Dubai