rvp20182:
Global recession..no demand..only Saudi and such will produce n sell at profit.Nigeria will get zero because the cost of production is around 20.

ths oil thing will hit them bigly..but might be a blessing for non-oil producing countries like us..

rvp20182:
They don't have the money to pay their army leave alone buying fuel if oil drop to 10..0r you mean even if oil drop to a dollar..they will still be okay

they are not like Kenya that is borrowing to pay debts and salaries


Their civil service and public service are being paid

Danielnino00:


Oh. There's coronavirus in the slums already?

There is no coronavirus in slums we are just taking precautions

rvp20182:
my prediction.even with all cooking..they will see -10%.It just not covid bit also oil dropping like dead

more pain...an the folks here keep on talking about Kenya economy...

corporate kenya is broke as government has squeezed them of every single money as patriotism tax to pay debts

Danielnino00:


We aren't showing off mate...we are just trying to let you little Indians understand that we aren't yet in trouble ... It isn't yet time for us to run to big daddy IMF for help like u did..

Where are the rich men and coporate bodies in Kenya?
What are they doing to help your government fight the virus ?

Just40:
oil will keep running the global economy for another 100 years

until then, renewable energy is just noise

if you want to know the direction then look at what happening in europe an china...

No one willwill be spared from the economic meltdown

Fooling your self saying your economy will be ok after you as bad as anyone who believes in fairytales

Oil dropped economies like Nigeria, Saudi, US will be affected by the drop

Tourism drops SA, Egypt basically every country will be affected

Basically demand for many things is down revenue will drop

Trade is affected, no one is spared

Just40:
corporate kenya is broke as government has squeezed them of every single money as patriotism tax to pay debts

No money in Kibera Republic..

Just40:
the Kenyan economy is badly damaged and Covid has made it worse as global supply chain are grounded.

no more cannibalism for the kenyan economy.
The Ghanaian government is spending big and kenya cant afford to.

You are arguing like a certain guy we call engineer aka kazi

mtisTheQubit:

if their economy is around 90% depended on oil then explain the bolded man..about IMF aint you niggas hypocritical..the first thing you did is to run to imf...typical WAs reasoning

their economy is not 90% dependent on oil but just 10%



they have enough money to last them 4 years.

kenya could not even afford to stand alone for a month and runned to the IMF as there was no other country to borrow from.

samorobo:


Lol don't call this beautiful..call it ugly ....

I thought you had taste Boer..

Everyone can see the real you right now.
Aww, Now don't you worry yourself, Sammy. You'll get there soon...

Just40:


they are not like Kenya that is borrowing to pay debts and salaries


Their civil service and public service are being paid

Words are cheap.Give Nigeria a month.

rvp20182:
Stop smoking weed

let me know when you finished smoking the Ghana wee you got yesterday.



broke country always trying to compare itself with countries that have money to protect themselves in crisis time.

Austine1212:
No one willwill be spared from the economic meltdown

Fooling your self saying your economy will be ok after you as bad as anyone who believes in fairytales

Oil dropped economies like Nigeria, Saudi, US will be affected by the drop

Tourism drops SA, Egypt basically every country will be affected

Basically demand for many things is down revenue will drop

Trade is affected, no one is spared

No no . Kenya won't be affected at all... They are untouchable.. the most stable economy in the world

Just40:
their economy is not 90% dependent on oil but just 10%



they have enough money to last them 4 years.

kenya could not even afford to stand alone for a month and runned to the IMF as there was no other country to borrow from.

You are a Ghananina man..so dont pretend ya know much about naija

Austine1212:
No one willwill be spared from the economic meltdown

Fooling your self saying your economy will be ok after you as bad as anyone who believes in fairytales

Oil dropped economies like Nigeria, Saudi, US will be affected by the drop

Tourism drops SA, Egypt basically every country will be affected

Basically demand for many things is down revenue will drop

Trade is affected, no one is spared

Some resilient well diversified economies will take small hit and recover fast.. Nigeria primitive oil dependant economy and Ghana.. will take years.They are yet to recover from 2006 crisis

rvp20182:
Words are cheap.Give Nigeria a month.

It's been 3 months...

Just40:
the implication is that Nigeria has a buffer to last them 3 to 4 years

Where is that buffer?

Danielnino00:


No no . Kenya won't be affected at all... They are untouchable.. the most stable economy in the world

We are already affected but will recover very fast

rvp20182:
Some resilient well diversified economies will take small hit and recover fast.. Nigeria primitive oil dependant economy and Ghana.. will take years.They are yet to recover from 2006 crisis

The US is as diversified as they come but it has already taken a knock

Danielnino00:


It's been 3 months...

nope..it been a month or so

rvp20182:
Global warming will see it declared illegal by 2030.The same with coal.Many countries already have such legislation.

you are really dumb



All the european countries declaring car usage on oil extinct by 2030 are just looking at something that consume just 10% of the oil market.
that is small. The ships running global trade consumes closed to 30% and no one can eliminate that until probably nuclear fusion becomes available and cheap.

rvp20182:
We are already affected but will recover very fast

So you think so?

Danielnino00:


No no . Kenya won't be affected at all... They are untouchable.. the most stable economy in the world

For once man up and speak the truth...we never said the virus is not going to affect us...but ths idea of WAs claiming that Kenya is the only going to feel the burn is stupid...remove the log in your eye first man...thats all we telling you folks...

Austine1212:


The US is as diversified as they come but it has already taken a knock

Of course but don't think the knock will the same.. Nigeria is TKo..South Africa was already in recession..so we go into depression.Kenya has been growing at 6% so we might grow at 1% or about.

theenchanter:
RHT..... right hand traffic = left hand drive. LHT.... left hand traffic = right hand drive.

Yeah, its not a competition.

samorobo:


I don't remember me saying I was admiring the plate number...it is the car it self ...


Very beautiful car

But admire that so called Nigerian number plate anyway

samorobo:


Then you get no reply from me

as i said.....don't need you reply!

Danielnino00:


No no . Kenya won't be affected at all... They are untouchable.. the most stable economy in the world

Sometime when people acts stupid we don't have to reply to them

We should start doing that in here

mtisTheQubit:

if you want to know the direction then look at what happening in europe an china...

Europe and China are all building more gas pipelines and regasification facilities as they know that their economies cannot run without it.

mtisTheQubit:

You are arguing like a certain guy we call engineer aka kazi

your mind is small hence you cant comprehend things like this

rvp20182:
We are already affected but will recover very fast

Your government disagrees with you...

Maybe as a roadside economist,you are more knowledgeable than your government on such matters...

Owino said the country's economy may take longer to recover from the effects of the unfolding economic recession "not necessarily because of the impacts of this outbreak" but due "to the fact that Kenya's economy had already slowed down and was a weak economy to start with".

"Last year, we already lost jobs, and the recession in Kenya was going to happen, nevertheless. Now this only makes it worse. And many businesses that were teetering on the verge of collapse will not make it back alive


Do explain to us how Kenya will recover very fast ...