rvp20182:
I don't think he can distinguish btw construction and real estate. Btw formal and informal retail.

I'm done with him, he makes vaxx look better.

mtisTheQubit:

Look, man we moved on..naija is a zoo an nothing to compare there...we past that man..

The thing is that. Kenya is the big ZOO because nothing too show off. Your country is the biggest zoo where the citizens lives like animals in that zoo. go and give your wife to the whites to fvck since that's the daily job in your zoo. Shameless creatures

SUFFERInSMILIIN:
Zoom in open defecation

Aderr:
The same way Kenya doesn't look like a $100bn economy. The slums,joblessness and starvation.

That's how a ZOO looks like when you look at Kenya and kenyans finished. You will be seeing poverty everywhere

Troy404:


Our real estate sector is ranked only below SA in sub-sahara Africa.

Our retail sector is again only below SA,

Our transport sector is on another level, we are an aviation hub, marine hub etc.

Pick your battles wisely.

hahaha

funny funny joke

you can only call your real estate sector mature when you are doing a cement consumption above 10 million metric tonnes
for your size

The third question? Why is Kenya doing debt-refinancing. This one is the easiest. SO WE DO NOT BECOME ANOTHER GHANA - an IMF colony.

We know at our level of (under) development - a low middle class country - our debt to gdp - should be around 50% - with debt repayments not exceed 30% of the revenues/budget. That is what prudent debt management demands.


So when our debt to gdp started to approach 60% - from around 55% - we stop debt leveraging - and started debt refinancing. Once our GDP grows - and our debt to gdp drop below 50% - we will start DEBT LEVERAGING (taking in new debt)

Debt refinancing is used by many countries including US, China and even private companies
Here is Apple - https://www.cnbc.com/2019/09/08/apple-pockets-cheap-debt-refinancing-heres-the-big-money-lesson.html

What it mean is basically your borrow new loans at better terms - and don't really get the cash - but use the loan to retire the old expensive loans.

One example is our last eurobond..in 2019...we took it and use parts of the proceed to retire the other eurobond.

https://www.businessdailyafrica.com/news/Treasury-gets-Sh125bn-loans-to-refinance-debt/539546-5092412-r8wb35z/index.html

http://www.treasury.go.ke/media-centre/news-updates/608-kenya-successfully-issues-us-dollar-2-1-billion-euro-bond-on-15th-may-2019.html

"We reduced debt by paying off an already existing debt and took a fresh loan; so no change in debt stock to the extent of the maturing loan repaid.

"This is called liability management in international finance circles,” Treasury secretary Henry Rotich told Business Daily.

This what PRUDENT DEBT MANAGEMENT REALLY IS ALL ABOUT.

“There’s no addition in debt stock,” Dr Sirima told Business Daily. “The whole idea is to manage costs and risks. It is purely a debt management operation.”

We cannot procure new loans like a drunken Ghanian sailor when we are already near the red line (60%) - Ghana plays around 75% (and this year despite rebasing will exceed 60%). That is why IMF is always in Accra because you cannot manage your finances

And you're thinking of borrowing a century bond - how will you repay all those loans!!!!!!!!!!! or you think there are free money out there.

rvp20182:
We don't yet sell our tea to west africa - small volumes - you still call tea - English breakfast - a novelty in West Africa preferring to eat rodents - kenya black tea is popular in countries that consume black tea - pakistan, egypt, sudan, england,afghanistan - the likes of algeria, tunisia, morocco prefer green tea.

Kenya Tea brands - each brand has many varieties.
Kericho Gold.
Ketepa.
Melvins.
Equitorial Natural.
Baraka.
Lipton.
Eden.

etc etc.

For example Ketepa tea

Melvins Tea.

when i go to Morrocco and Egypt i will check for your tea and see

when did Lipton become a kenyan brand ?

rvp20182:
The third question? Why is Kenya doing debt-refinancing. This one is the easiest. SO WE DO NOT BECOME ANOTHER GHANA - an IMF colony.

We know at our level of (under) development - a low middle class country - our debt to gdp - should be around 50% - with debt repayments not exceed 30% of the revenues/budget. That is what prudent debt management demands.


So when our debt to gdp started to approach 60% - from around 55% - we stop debt leveraging - and started debt refinancing.

Debt refinancing is used by many countries including US, China and even private companies
Here is Apple - https://www.cnbc.com/2019/09/08/apple-pockets-cheap-debt-refinancing-heres-the-big-money-lesson.html

What it mean is basically your borrow new loans at better terms - and don't really get the cash - but use the loan to retire the old expensive loans.

One example is our last eurobond..in 2019...we took it and use parts of the proceed to retire the other eurobond.

https://www.businessdailyafrica.com/news/Treasury-gets-Sh125bn-loans-to-refinance-debt/539546-5092412-r8wb35z/index.html

http://www.treasury.go.ke/media-centre/news-updates/608-kenya-successfully-issues-us-dollar-2-1-billion-euro-bond-on-15th-may-2019.html

"We reduced debt by paying off an already existing debt and took a fresh loan; so no change in debt stock to the extent of the maturing loan repaid.

"This is called liability management in international finance circles,” Treasury secretary Henry Rotich told Business Daily.

This what PRUDENT DEBT MANAGEMENT REALLY IS ALL ABOUT.

“There’s no addition in debt stock,” Dr Sirima told Business Daily. “The whole idea is to manage costs and risks. It is purely a debt management operation.”

[b ]We cannot procure new loans like a drunken Ghanian sailor when we are already near the red line (60%) - Ghana plays around 75% (and this year despite rebasing will exceed 60%) [/b]

anyway my questions have not been answered

Ghana debt stands at 57%

Just30:


so when someone is doing better than you, the person has cooked data

funny logic to convince yourself that youre not doing so bad

That's how that fool reason. He doesn't want to accept that we're far ahead of them something that we all know and see how useless their country is just see their federal road in Kisumu. Kenya is a Big zoo abeg

when we say ordinary Ghanaians live in better houses,

this is what we mean


Ordinary Ghanaian neighbourhoods

Uniliver Tea is kenyan - but we can give it to Unilver Global in Netherlands - coz we have so many kenya teas.

Just30:
when i go to Morrocco and Egypt i will check for your tea and see

when did Lipton become a kenyan brand ?

Logobenz0:
That's how that fool reason. He doesn't want to accept that we're far ahead of them something that we all know and see how useless their country is just see their federal road in Kisumu. Kenya is a Big zoo abeg

no wonder only 7000KM of roads in Kenya are tared

rvp20182:
Uniliver Tea is kenyan - but we can give it to Unilver Global in Netherlands - coz we have so many kenya teas.

SO all the South Korean and Swiss Chocolate brands are Ghanaian?

is that what you are saying?

backward Kenyans

Just say you don't like my answers. Ghana debt at start of the year was 50% (after re-basing grew the economy by 25%) - last year it was 75% or about - and anyway as we speak now it's heading to 60%.

Now if you were a sober country - then when you start heading 57% - then all red lights should be bleeping - and you should STOP borrowing (leveraging) - and start managing the debt - by doing debt refinancing.

Otherwise once you get 75% again - IMF will be back - because you won't meet your debt obligation - CEDIS will depreciate even more - and country again will grind to halt.

Just30:
anyway my questions have not been answered

Ghana debt stands at 57%

Just30:
no wonder only 7000KM of roads in Kenya are tared

With an annual addition of less than 700km

Swiss and Korean have zero footprint in Ghana - they take your cocoa beans to Switzerland and make the chocolate bars there. Unilever Tea has tea farms, factories and name it in Kenya. How about 10kms from my rural home is Lipton Tea factory. Unilver Tea used to be listed in NSE - Limuru Tea owned by Unilver is listed still. Unilver Tea employs thousands of kenyans.

Just30:
SO all the South Korean and Swiss Chocolate brands are Ghanaian?

is that what you are saying?

backward Kenyans

Just30:


15M Ghanaians are either working in the service sector or running their own companies
or working in the manufacturing sector.
those 15M Ghanaians are driving a real estate boom.


what are the 35M kenyans doing in rural areas?

Tell them to show us starving people like this in Ghana or Nigeria. See the way people are turning to skeleton everyday. Why won't them rent out their wives and daughters

Tell us this is not the best Ghana has to offer.

Just30:
when we say ordinary Ghanaians live in better houses,

this is what we mean


Ordinary Ghanaian neighbourhoods

rvp20182:
Just say you don't like my answers. Ghana debt at start of the year was 50% (after re-basing grew the economy by 25%) - last year it was 75% or about - and anyway as we speak now it's heading to 60%.

Now if you were a sober country - then when you start heading 57% - then all red lights should be bleeping - and you should STOP borrowing (leveraging) - and start managing the debt - by doing debt refinancing.

Otherwise once you get 75% again - IMF will be back - because you won't meet your debt obligation - CEDIS will depreciate even more - and country again will grind to halt.

still not a problem

why?
we havent gotten to the point where we will have to borrow to repay old debts.

samorobo:


With an annual addition of less than 700km

with an annual addition of less than 300KM

Just30:
no wonder only 7000KM of roads in Kenya are tared

They don't have roads at all their government has scammed them big time

rvp20182:
Swiss and Korean have zero footprint in Ghana - they take your cocoa beans to Switzerland and make the chocolate bars there. Unilever Tea has tea farms, factories and name it in Kenya. How about 10kms from my rural home is Lipton Tea factory. Unilver Tea used to be listed in NSE - Limuru Tea owned by Unilver is listed still. Unilver Tea employs thousands of kenyans.

but lipton has a foot print in Kenya?

how come all the lipton tea in Ghana and Nigeria have no made in Kenya libelling?

Just30:
fact that you dont even have a middle clace and thereform slums
everywhere does not mean everyone is as poor as you are

FACT

Logobenz0:
Tell them to show us starving people like this in Ghana or Nigeria. See the way people are turning to skeleton everyday. Why won't them rent out their wives and daughters

hahaha

this is just shame


why will people have to become this lean

4th Quiz - Kenya borrowing to prop Kshs is unsupported by any evidence. Find us a link showing Kenya's Treasury is borrowing to help Central Bank prop shillings. Central Bank has rarely gone to market the last few years to buy or sell dollars.

For isntance as we speak Kshs has strengthen to around 101 to a dollar after falling to 104...and it plays around there based mostly on market forces...with CBK rarely having to intervene.

Lipton Tea like anything Unilver is a global operation - some tea are made in Kenya - others elsewhere.

You can order Kenya Lipton Tea
https://www.jumia.co.ke/lipton-yellow-label-black-loose-tea-200g-2579772.html

Just30:
but lipton has a foot print in Kenya?

how come all the lipton tea in Ghana and Nigeria have no made in Kenya libelling?

rvp20182:
Tell us this is not the best Ghana has to offer.

those are ordinary Ghanaians living in mansions

Building their own Mansions


not poor slums and dirty flats livings of Kenyans

Troy404:


Our real estate sector is ranked only below SA in sub-sahara Africa.

Our retail sector is again only below SA,

Our transport sector is on another level, we are an aviation hub, marine hub etc.

Pick your battles wisely.

Very funny.real estate sector with which cement?

Logobenz0:
They don't have roads at all their government has scammed them big time

just imagine 53 million people on just 7000KM of roads

Underwhelming. Show us Ghana best real estate - Jamestown or whatever

Just30:


those are ordinary Ghanaians living in mansions

Building their own Mansions


not poor slums and dirty flats livings of Kenyans

Just30:


those are ordinary Ghanaians living in mansions

Building their own Mansions


not poor slums and dirty flats livings of Kenyans

ordinary Ghanaians have mansions, amazing. What about the rich?

Just30:
hahaha

this is just shame


why will people have to become this lean

It baffles me that these starving creatures are still calling us poor. While they're starving to death