obaaderemi:
Another Nigerian company doing well in Kenya

We doubled the profit of this bank to half a billion shillings in one year. This year we are doing over a billion.

$4.6m?

By the time they realise, Nigeria will be the one selling their Bonds

obaaderemi:
Access Bank, the biggest Nigerian bank enters little India.
Time to shake up little India's financial scene.

We are starting small in East Africa in order to fly under the radar of the dumb Kenyan bankers. By the time they realize what we are doing, it would be too late for them.

I wonder what the Ghanaians are waiting for. Kenya is easy picking.

And yet we never cashed a coin of 1.6B dollar IMF gave us. The reason - unlike Ghana - we don't and didn't have BOP problems -aka - BANKRUPTCY,

Just30:
your government was desperate for foreign capital injection and took monies from where ever it could get it to plug that huge trade deficit

rvp20182:
No we didn't. We got a standby facility that we NEVER took a cent. The facility lapsed when we didn't cash it. Are you that daft? I mean if you have overdraft credit line of 1.6B - and you don't actually apply for overdraft - how does that become borrowing.

We owe IMF - mearge 250M dollars - that we can repay any day - if they were to bring their Ghanasque colonial tendencies here.

you don't even have a million dollars to provide clean water for Nairobians

where would you get 250 mil from

rvp20182:
And yet we never cashed a coin of 1.6B dollar IMF gave us. The reason - unlike Ghana - we don't and didn't have BOP problems -aka - BANKRUPTCY,

and yet you still owe them 30 billion


your BOP problem surface every year because of your huge trade deficit

rvp20182:
You afternoons double-track lesson.
https://www.bloomberg.com/news/articles/2018-09-13/kenya-to-keep-debt-below-imf-threshold-treasury-s-thugge-says

that was just a wish


Kenya have exceeded all the threshold of IMF

Nigerian banks are getting fleeced by Kenyan small banks.

As you enter Kenya - a very competitive market where you;ll never see any ROI - Kenyan banks are entering virgin profitable markets like DRC, Ethiopia, Mozambique, etc.

Look at Equity for example - The earnings were boosted by its subsidiaries in Uganda, Democratic Republic of Congo, and Rwanda whose combined net profit of Sh3.1 billion represented an 18 per cent increase from the year before

obaaderemi:
Access Bank, the biggest Nigerian bank enters little India.
Time to shake up little India's financial scene.

We are starting small in East Africa in order to fly under the radar of the dumb Kenyan bankers. By the time they realize what we are doing, it would be too late for them.

I wonder what the Ghanaians are waiting for. Kenya is easy picking.

And yet they haven't surfaced since 1990s. Have trade surplus is nothing when CEDIS is annually depreciating like Zim dollar or Zambian Kwacha. There lies your problem. You're are not going to fix BOPs problem with a currency that tanks annually. It's a waste of time. Ask Zimbabwe.

Ghana best bet is to adopt the ECOWAS currency and forget about the CEDIS. Or well ask the French to allow you to use their FRANC...like the rest of your neighborhood.

Just30:
and yet you still owe them 30 billion
your BOP problem surface every year because of your huge trade deficit

rvp20182:
No we didn't. We got a standby facility that we NEVER took a cent. The facility lapsed when we didn't cash it. Are you that daft? I mean if you have overdraft credit line of 1.6B - and you don't actually apply for overdraft - how does that become borrowing.

We owe IMF - mearge 250M dollars - that we can repay any day - if they were to bring their Ghanasque colonial tendencies here.

Are you this dumb? You negotiated for that lian facility. It wasn't offered. The same way you are still begging them for the facility 4 years on, today.

And that is why the IMF has forced you to introduce VAT of up to 16% on your people. Just wait, harsher measures are going to be forced on you by the same IMF sooner than you think.

rvp20182:
And yet they haven't surfaced since 1990s. Have trade surplus is nothing when CEDIS is annually depreciating like Zim dollar or Zambian Kwacha. There lies your problem.

Having a trade surplus is everything

The Cedi need to fall in it exchange value because it is too valuable


Your trade deficit is why every year you have to borrow from IMF and WB

Just30:
By the time they realise, Nigeria will be the one selling their Bonds

You people better cash in before Kenya closes her juicy thighs.

[.

4yrs and we are doing well - all macro-economics. That shows you we don't need it. In fact it's IMF who came up with that idea.

obaaderemi:
Are you this dumb? You negotiated for that lian facility. It wasn't offered. The same way you are still begging them for the facility 4 years on, today.

And that is why the IMF has forced you to introduce VAT of up to 16% on your people. Just wait, harsher measures are going to be forced on you by the same IMF sooner than you think.

How can it be valuable when you decided to peg it to the dollar. CEDIS before that was like Kwacha or Zim. Use to exchange I think 50,000 cedis for a dollar.

You demonetized...and started afresh 10yrs ago...1 cedi 1 dollar

And now it's depreciated 600%.....annually it does like 50% depreciation.

IMF are going to be your buddies for the next 100yrs.

Just30:
Having a trade surplus is everything

The Cedi need to fall in it exchange value because it is too valuable


Your trade deficit is why every year you have to borrow from IMF and WB

rvp20182:
Nigerian banks are getting fleeced by Kenyan small banks.

As you enter Kenya - a very competitive market where you;ll never see any ROI - Kenyan banks are entering virgin profitable markets like DRC, Ethiopia, Mozambique, etc.

Look at Equity for example - The earnings were boosted by its subsidiaries in Uganda, Democratic Republic of Congo, and Rwanda whose combined net profit of Sh3.1 billion represented an 18 per cent increase from the year before

The same Equity that was 29% owned by Nigerians. Oh LA LA , it made the Nigerians so much money when they sold their shares to invest in your oil fields.

obaaderemi:
You people better cash in before Kenya closes her juicy thighs.

We are

our Pharmaceutical companies are buying up

rvp20182:
4yrs and we are doing well - all macro-economics. That shows you we don't need it. In fact it's IMF who came up with that idea.

4 yrs and you are worse as your macro econs has gotten bad
breaking all IMF thresholds by 200%

You see Nigerian are congenital daft - so you bought Equity -and sold it to buy TELKOM KENYA . I mean that is crazy. Telkom Kenya is BANKRUPT like Ghana.

obaaderemi:
The same Equity that was 29% owned by Nigerians. Oh LA LA , it made the Nigerians so much money when they sold their shares to invest in your oil fields.

And yet were are not under IMF bailout like GHANA.

Just30:
4 yrs and you are worse as your macro econs has gotten bad
breaking all IMF thresholds by 200%

rvp20182:
4yrs and we are doing well - all macro-economics. That shows you we don't need it. In fact it's IMF who came up with that idea.

Stop lying. You approached the IMF.
If you didn't need it you wouldn't be dancing to the IMF tune of introducing VAT on petroleum products.

rvp20182:
You see Nigerian are congenital daft - so you bought Equity -and sold it to buy TELKOM KENYA . I mean that is crazy. Telkom Kenya is BANKRUPT like Ghana.

Where did you see Telkom Kenya?

obaaderemi :
The same Equity that was 29% owned by Nigerians.
Oh LA LA , it made the Nigerians so much money
when they sold their shares to invest in your oil
fields.

Just30:
We are
our Pharmaceutical companies are buying up

That's wonderful.

Standby facility is nice to have - for situations like COVID-19 - but we are not desperate like Ghana and we never cashed the previous one. It's just good for market sentiments - so forex dealers are aware our central banks - have 1.5B dollars they can play the market and protect Kshs.

In the meantime - how is Naira doing with Oil massacre. Last I checked the black-market rate was inching toward 500

obaaderemi:
Stop lying. You approached the IMF.
If you didn't need it you wouldn't be dancing to the IMF tune of introducing VAT on petroleum products.

Helios bought Telkom Kenya. If they bought Oil - then they are indeed very daft. OIl is out. Tullow are crying in the toilet now.

obaaderemi:
Where did you see Telkom Kenya?

rvp20182:
How can it be valuable when you decided to peg it to the dollar. CEDIS before that was like Kwacha or Zim. Use to exchange I think 50,000 cedis for a dollar.

You demonetized...and started afresh 10yrs ago...1 cedi 1 dollar

And now it's depreciated 600%.....annually it does like 50% depreciation.

IMF are going to be your buddies for the next 100yrs.

The fact that we can depreciate our Cedi is a plus for us

As our economy becomes more self-reliant
Our Import bill keep reducing as we are producing more to serve our economy.

A depreciated Cedi makes Ghanaian goods more competitive on our market and foreign good more expensive
Thereby creating opportunities for our to invest and make money.

You're not China exporting manufactured goods - you're mini-Nigeria selling gold, oil, and aluminium - and maybe cocoa. You cannot increase the export of GOLD by lowering the CEDIS

Don't try to run before you can crawl.

Start by managing your ever failing CEDIS - a sister to Zambian Kwacha.

And IMF monkey might get off your back.

Just30:
The fact that we can depreciate our Cedi is a plus for us

As our economy becomes more self-reliant
Our Import bill keep reducing as we are producing more to serve our economy.

A depreciated Cedi makes Ghanaian goods more competitive on our market and foreign good more expensive
Thereby creating opportunities for our to invest and make money.

rvp20182:
You see Nigerian are congenital daft - so you bought Equity -and sold it to buy TELKOM KENYA . I mean that is crazy. Telkom Kenya is BANKRUPT like Ghana.

See a bankrupt country like Kenya calling Ghana that has enough money in all it Sovereng wealth funds to Buy a portion of Kenya Sovereignty
Bankrupt

Your government can't even affords to pay Tullow just 2 billion dollars.

rvp20182:
And yet were are not under IMF bailout like GHANA.

Yet you are the most indebted to IMF and WB in Africa

that is really messed up

Talk is cheap. But we know who is under IMF bailout. Nothing say bankrupt than to rush to IMF and borrow rapid facility - and extended facility.

Btw how is your Eurobond interest?

Just30:
See a bankrupt country like Kenya calling Ghana that has enough money in all it Sovereng wealth funds to Buy a portion of Kenya Sovereignty
Bankrupt

Your government can't even affords to pay Tullow just 2 billion dollars.

We already established that Kenya owes IMF 250M - while Ghana owes 1.7B.
We can go to World Bank - and check if you want.

Just30:
Yet you are the most indebted to IMF and WB in Africa

that is really messed up

rvp20182:
Standby facility is nice to have - for situations like COVID-19 - but we are not desperate like Ghana and we never cashed the previous one. It's just good for market sentiments - so forex dealers are aware our central banks - have 1.5B dollars they can play the market and protect Kshs.

In the meantime - how is Naira doing with Oil massacre. Last I checked the black-market rate was inching toward 500

You are so desperate seeking debt relief and IMF and WB money because you're so broke

The naira is doing fine because Nigeria has also switched to local manufacturers of good

rvp20182:
Standby facility is nice to have - for situations like COVID-19 - but we are not desperate like Ghana and we never cashed the previous one. It's just good for market sentiments - so forex dealers are aware our central banks - have 1.5B dollars they can play the market and protect Kshs.

You didn't cash it because you made yourself a debt colony of China. You are borrowed to the eyeballs and the day of reckoning draws nigh. Your foreign reserve is down to an alarming level, your tourism is gone for now, your foreign remittances down, your agriculture output down. You will soon cash that loan.

rvp20182:

In the meantime - how is Naira doing with Oil massacre. Last I checked the black-market rate was inching toward 500

In the meantime, how are you coping with the locust invasion? I heard this new wave is bigger and the insects are resistant to your chemicals. Plus your government is unprepared.