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Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) - Foreign Affairs (7270) - Nairaland

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Am I The Only One Whos Tired Of This Kenya Is Ahead Thread / Femi Adesina: "I Don't Lie, No Matter What"; Nigerians React / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (2) (3) (4)

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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:18pm On Apr 29, 2020
rvp20182:
You cannot have an IMF bailout every other year and talk about macro-economics.

Get an handle of your interest rate, inflation, and currency - before you dream of developing.

we have a handle of all of that and allow our currency to be flexible to our own advantage.

Your country so badly want to keep it peg to the dollar sending you into massive debts. to IMF and WB
That is not the way to development, hence why you are undeveloped

You cant develop with a hungry population that go into starvation every 6 month and have to rely on WFP for food aid

dont be another North Korea

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:22pm On Apr 29, 2020
Good questions. And we have answered here. Btw 1963 to oil crisis of 1980s - kenya economy was growing - from around 5% to high of 10% - we were doing very well..as good as most of the Asian tigers...but equally, we were breeding like rats.

While the economy was growing at South Asia level - per capita was dropping so fast! Everything we built - was not enough - poverty became endemic - urban areas turned into slums - schools were never enough - anything we did - would be under-capacity in few years..

So in the 1980s we basically sunk - the population had grown from 6m to I think 20M...the world fastest population growth...the oil crisis just made things worse...and everything went south for 20yrs.

And we rebooted again in 2003 - and are now on the RIGHT PATH - and now sits proudly as the largest non-mineral economy in SSA - and 3rd biggest at that - just after Nigeria and South Africa.

From 2003 - we have grown our economy nearly 7-8 times - and if we keep up the same pace (everything suggest we will) - we could be looking at being a proper middle by 2030.

Just30:
There is nothing like propaganda about it
Your country adopted capitalism in 1960
why have you not progressed and companies are not coming in?

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Mbakuthegreat: 1:25pm On Apr 29, 2020
Mzal3ndo:

You know the one thing that makes me laugh when we Africans are debating on ways we can go forward is that we always give out simple answers to difficult questions. We never sit down and say let us do this now, not for today but for tomorrow, and that is reflected on how we live everyday. I personally hate how we Africans everyday are seeking approval from the west and how we don't do anything right until the west says its right. And that is portrayed even in our governments. The mind set that to be educated you have to know English, while the Germans, the biggest economy in Europe teaches to the university level in German, best Chinese universities teach in Mandarin while the low level one that we black love to send our kids to offer courses in English taught by the teachers that aren't that fluent in the language. I agree with you, IQ is environmentally determined and like everything it has to be well cultivated to see its fruits. Africans like setting up environments for other Africans to fail, deliberately or not. We just grab everything the whites are doing without looking at the underlying consequences to what we do. Africans in Europe don't invest back home (most of them) they just wait until they come back home for vacation to be treated like kings and queens. While if they invested, their investment would grow as local lives keep on improving, but do we ever thing of this no, and when someone does and decides to invest the locals and relative rob him/her dry not realising the long term effect it has to the community. but oh! well what do i know....

You wrote everything in my and i couldn't agree more. The worst thing is that alot of Africans wont see anything wrong with the things you just wrote and will instead fight you to maintain the current situation. You know the thing is that the african diaspora are some of the most brilliants minds from Africa, these are the ones who have the IQ to transform Africa if they wanted to.... But as someone told me, these diasporans are the most traitorous to Africa at the same time because while they have the ability to transform the continent, they refuse to take the responsibility upon themselves and rather live in the west working under europeans and being average. Cant tell you anything more that you dont already know....

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:31pm On Apr 29, 2020
rvp20182:
Good questions. And we have answered here. Btw 1963 to oil crisis of 1980s - kenya economy was growing - from around 5% to high of 10% - we were doing very well..as good as most of the Asian tigers...but equally, we were breeding like rats.

So in the 1980s we basically sunk - the population has grown from 6m to I think 20M...the world fastest population growth...the oil crisis just made things worse...and we everything went south for 20yrs.

Every economy in the world was growing
including North Korea.

You cant say you were doing very well when your infrastructure looks like shit.
And your breeding is not the problem to your underdevelopment compare to them.

The simple answer is, your economy was design to serve the Europeans and since independence, you have not changed it.

Your economy was not developed and integrated into the global market and hence cant blame oil crisis because it didn't even affect you.

In Asia, they change their economic model to one that serve themselves first before any other.

Hence most Asian countries were producing what they eat and need so they don't become the dumping ground for others.
The opposite is the case for kenya

Kenya produces what it doesn't eat and import what it eat
You cant grow by being the dumping ground for others hence running a huge trade deficit


South Korea did not practise Capitalism until recently
It was a closed economy runner on the basis of a kleptocracy supported by the government.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:40pm On Apr 29, 2020
Nope. Ghana filed for bankruptcy in 1965 - and chased away Kwame Nkurumah to Guinea.

By the early 1980s, Ghana's economy was in an advanced state of collapse. Per capita gross domestic product ( GDP) showed negative growth throughout the 1960s and fell by 3.2 percent per year from 1970 to 1981. ... Inflation averaged more than 50 percent a year between 1976 and 1981, hitting 116.5 percent in 1981

Just30:
Every economy in the world was growing
including North Korea.

You cant say you were doing very well when your infrastructure looks like shit.
And your breeding is not the problem to your underdevelopment compare to them.

The simple answer is, your economy was design to serve the Europeans and since independence, you have not changed it.

Your economy was not developed and integrated into the global market and hence cant blame oil crisis because it didn't even affect you.

In Asia, they change their economic model to one that serve themselves first before any other.

Hence most Asian countries were producing what they eat and need so they don't become the dumping ground for others.
The opposite is the case for kenya

Kenya produces what it doesn't eat and import what it eat
You cant grow by being the dumping ground for others hence running a huge trade deficit
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:42pm On Apr 29, 2020
rvp20182:
Nope. Ghana filed for bankruptcy in 1965 - and chased away Kwame Nkurumah to Guinea.
Yes because we used our money to get you out of maltreatment and helped set up government institutions for you.

Ghana experienced a drought in the 1980s that led to an economic collapse but also brought up the productive capacity of Ghanaians

Hence why we experienced the most dramatic economics turnaround the world has ever seen in the 1990s

Learn about South Korea


https://www.youtube.com/watch?v=6Ro6FlHe5eQ
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:45pm On Apr 29, 2020
Not everybody was growing - Ghana after British left - were declared bankrupt in 1964 - and haven't really recovered.

The economic growth record of Ghana has been one of unevenness, as Figure 1 clearly indicates.With a reasonably high GDP growth in the 1950s and early 1960s, the Ghanaian economybegan to experience a slowdown in economic growth in 1964. Growth was turbulent during much of the period after the mid-1960s and only began to stabilize by 1984. In1966, 1972, 1975-1976, 1979, 1981-1983, the growth rate was actually negative
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:46pm On Apr 29, 2020
Don't blame drought of 1980s- you became bankrupt in the 1960s - and don't blame Africa's independence - you became broke so broke - because you choose COMMUNISM. You were swiftly taken to the IMF school of hard economics and I don't see you graduating soon. You still don't have a handle on key macro-economics - inflation, currency stability, interest rates, debt, etc etc.
Just30:
Yes because we used our money to get you out of maltreatment and helped set up government institutions for you.

Ghana experienced a drought in the 1980s that led to an economic collapse but also brought up the productive capacity of Ghanaians

Hence why we experienced the most dramatic economics turnaround the world has ever seen in the 1990s

Learn about South Korea


https://www.youtube.com/watch?v=6Ro6FlHe5eQ

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:49pm On Apr 29, 2020
rvp20182:
Not everybody was growing - Ghana after British left - were declared bankrupt in 1964 - and haven't really recovered.

The economic growth record of Ghana has been one of unevenness, as Figure 1 clearly indicates.With a reasonably high GDP growth in the 1950s and early 1960s, the Ghanaian economybegan to experience a slowdown in economic growth in 1964. Growth was turbulent during much of the period after the mid-1960s and only began to stabilize by 1984. In1966, 1972, 1975-1976, 1979, 1981-1983, the growth rate was actually negative
even in 1964
Ghana was still growing

Ghana had the most successful transformation of it Agriculture sector in the 1960s leading to the 70s
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:51pm On Apr 29, 2020
grin grin grin - Maybe by Lenin and Mao of China - who was also presiding transformation of agriculture in China - that saw many Chinese die from famine - as equally as Ghana did from famine. Communists were crazy folks.

When you abandoned capitalism and went to communism like Tanzania - you were just kaput. Tanzania filled for bankruptcy in 1985. They survived longer - but you were kaput so fast - 1965.


Just30:
even in 1964
Ghana was still growing

Ghana had the most successful transformation of it Agriculture sector in the 1960s leading to the 70s

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:56pm On Apr 29, 2020
rvp20182:
Don't blame drought of 1980s- you became bankrupt in the 1960s - and don't blame Africa's independence - you became broke so broke - because you choose COMMUNISM. You were swiftly taken to the IMF school of hard economics and I don't see you graduating soon. You still don't have a handle on key macro-economics - inflation, currency stability, interest rates, debt, etc etc.
grin grin grin

you are really dumb
Ghana was a NONE aligned nation
so how did we choose Communism?

Do you even know what communism is ?

The fact is, after 30 years turbulence in Ghana, Ghana came out with a more self-reliant economy that successfully reduced it dependent on the world by reducing it import and allowing it economy to grow from Agric to manufacturing.

Now those manufacturing companies have expanded greatly and leading Ghana into the global market (a growing trade surplus).

Kenya in the same period turn into a country that gets bankrupt every year and runs to the IMF and WB for budgetary support to finance recurrent expenditure that has led to most Kenyans being unemployed and extremely poor.
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:58pm On Apr 29, 2020
rvp20182:
grin grin grin - Maybe by Lenin and Mao of China - who was also presiding transformation of agriculture in China - that saw many Chinese die from famine - as equally as Ghana did from famine. Communists were crazy folks.

When you abandoned capitalism and went to communism like Tanzania - you were just kaput. Tanzania filled for bankruptcy in 1985. They survived longer - but you were kaput so fast - 1965.


How can a founding member of the none align movement countries be communist ?

dumb dumb grin grin


Even up to today, Kenya hasn't learnt a thing to change the colonial structures left behind
Your politicians went on to continue what the Europeans left behind.

THE police is there to serve the citizens and not beat them and murder them on the street for nothing like the Europeans used to do.
Change KPF to KPS to help change the mind set.

Take back all the ill gotten lands that your politicians are holding in the two monarchy families in trust for the Europeans as a pay to play rub my palm system so that your citizens can participate in an economic model that serves them.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 1:59pm On Apr 29, 2020
Kwame Nkurumah dragged you to communism. You became broke by the early 1960s - and eventually, you overthrew Kwame while on his visit to China and Russia - and swiftly invited IMF - and started painful reforms. Unfortunately, you're going into 17 bailouts. A record.

Kenya is not at your level - stop dragging her - into your funny business. We are not in any IMF bailout. We have some most stable macro-economics. I know you think trade deficit is a problem - it isn't. Our currency is stable.

Just30:
grin grin grin

you are really dumb
Ghana was a NONE aligned nation
so how did we choose Communism?

Do you even know what communism is ?

The fact is, after 30 years turbulence in Ghana, Ghana came out with a more self-reliant economy that successfully reduced it dependent on the world by reducing it import and allowing it economy to grow from Agric to manufacturing.

Now those manufacturing companies have expanded greatly and leading Ghana into the global market (a growing trade surplus).

Kenya in the same period turn into a country that gets bankrupt every year and runs to the IMF and WB for budgetary support to finance recurrent expenditure that has led to most Kenyans being unemployed and extremely poor.

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 2:06pm On Apr 29, 2020
Look like Tanzania's body of christ starting to weaken. COVID cases sharply rise.
https://www.nation.co.ke/news/africa/Covid-19-Tanzania-cases-soar-to-480/1066-5537702-vk5dpu/index.html
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 2:07pm On Apr 29, 2020
rvp20182:
Kwame Nkurumah dragged you to communism. You became broke by the early 1960s - and eventually, you overthrew Kwame while on his visit to China and Russia - and swiftly invited IMF - and started painful reforms. Unfortunately, you're going into 17 bailouts. A record.

Kenya is not at your level - stop dragging her - into your funny business. We are not in any IMF bailout. We have some most stable macro-economics. I know you think trade deficit is a problem - it isn't. Our currency is stable.

Kwame Nkrumah was not a Communist

So how did Kenya end up the country most indebted to IMF and WB
in it various structure adjustment projects and poverty alleviation projects that ended up making most kenyans poor, starving and unemployed?

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 2:31pm On Apr 29, 2020
I thought I explained. 60s and 70s we are growing. We got a small problem in mid-70s thanks to Oil crisis but the 1980s oil crisis took us down - and more than that - our demography - made all the growth nonsense - we were still breeding in 1980s - population reached about 30m in 1980s - most households had on average 8-10 kids.

All that was "good" - still growing at 4% with population growth at 4% grin - until 1993 - hell broke loose - the American and Europeans together with IMF/WB canceled their Aid (our budge then was 50% or more from donors) after election violence and human rights violation by Moi - there was also a run on the central bank by Moi and cronies -

And so first time ever we felt like Ghanians (how do you people manage this). Inflation in 1993 basically shoots through the roof. Kshs dropped from 20 to a dollar to 50 then finally 60. Interest rates go to 30%. Name it. . Can you imagine KShs is still at around 100shs to a dollar now...while you CEDIS has gone haywire it's been demonetized and is now also going haywire?

Moi run to IMF on all our fours - and they release the funds - the economy got better - Moi got back to his old bad ways - the donors suspended AID - MOi run back to IMF and donors - they release the funds - economy got better - Moi got back is old bad ways. Eventually in 1997 a defeated and sly Moi told IMF to pick their men as top government officials to oversee gov retrenchment of civil services.

IMF swiftly picked a white Kenyan and his "dream team" for us. We had truly SUNK. Richard Leakey became the head of civil service and cabinet secretary. IMF was officially running kenya.



Anyway eventually by late 90s - even Moi himself was tired with stop - and - go stalemate with IMF, WB and donors - and he started weaning kenya of donor funding - we started reforming banks - reforming central banks - started issuing domestic debt instruments (tbill, name it).

But economy was still sick - zero FDI - kenyans escaping abroad like Ghanians and Nigerian still do - The only positive - many kenya companies starting investing regionally - because Uganda, Tanzania and etc were growing at 7-10% - while we were very economically sick.

2002 is I think when we officially got into a recession for the first and last time ever - and "grew" or contracted by -1.7%. We had hit rock bottom. That gave us a new political revolution..MOI HAD TO GO.

And in 2003 - we ushered a new regime - we go back into good books of donors (who by then we didn't need) and investors - and more importantly kenyans started to invest again - started to have trust again on the system.

Just30:
Kwame Nkrumah was not a Communist

So how did Kenya end up the country most indebted to IMF and WB
in it various structure adjustment projects and poverty alleviation projects that ended up making most kenyans poor, starving and unemployed?

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by ednited(f): 2:31pm On Apr 29, 2020
kikuyu1:
Ednited, have you heard of Kuyu Woreda in the North? I ask cause my info has it it was the dispersal point for some migrants from Axum called Kuyu Kuyu people 900 years ago who ended up here around Mt Kenya.



No, not really. You do have a lot of infos than i have on that topic. There is still a chance of what you said is true. Probably smiley
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by kevomtaani: 2:33pm On Apr 29, 2020
Mbakuthegreat:


Im not from zoomalia.

if you are not from Somalia then buy that description of zoomalia you are defo habesha.
again you fall under this trap of people Europeans lied to and told that they have a higher IQ than the other Africans.
Either way one of the poorest regions in Africa is the horn, they can't seem to get it right be it cohesiveness or harmony non existent. so how is the high IQ working for you? kenya imports food from neighboring countries which if anything should be encouraged inter Africa trade and end of individualism is the thing that will lift Africa from poverty because what the Europeans did to Africa is irreversible I.e. they bunched up kingdoms and tribes together and formed nations which makes no sense
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx: 2:38pm On Apr 29, 2020
rvp20182:
Kwame Nkurumah dragged you to communism. You became broke by the early 1960s - and eventually, you overthrew Kwame while on his visit to China and Russia - and swiftly invited IMF - and started painful reforms. Unfortunately, you're going into 17 bailouts. A record.

Kenya is not at your level - stop dragging her - into your funny business. We are not in any IMF bailout. We have some most stable macro-economics. I know you think trade deficit is a problem - it isn't. Our currency is stable.

listen Mr idiot, Nkrumah practice different ideology. right from its own Nkrumahism to socialism and then to communism . All available option of development were taken by the most exceptional leader of Africa, which by today can only be comparable to Singapore lee Khuan yew..

Nkrumah was overthrown by CIA and some Ghanaian clique who hate political and economic freedom of Ghanaian. it is common sense .every country aim is to achieved economic independence and build wealth out of its endowed natural and human resources.know This today, Educational and healthcare policies under Nkrumah were far ahead of the current UN mandated Mellenium Goals . Nkrumah's vision of CONSCIENCISM was meant to liberate Ghana and Africa to end Anglo-American-Franco-Zionist racist domination. Get yourself a time to go read books written by Nkrumah himself.

You are slowpoke and mentally retarded. The fact that Nkrumah's history and achievements are still stellar today makes a good case;he is vindicated. it ain't a thug and dictator like jomo whose tenure of leadership made him amassed so much fortune of kenya wealth through economic exploitation and corruption, leading to your nation suffereing from uncontrolled poverty , a large debt, and massive misused of public funds that could have put food on the table of ordinary poor Kenyan

2 Likes 1 Share

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Mbakuthegreat: 2:42pm On Apr 29, 2020
kevomtaani:


if you are not from Somalia then buy that description of zoomalia you are defo habesha.
again you fall under this trap of people Europeans lied to and told that they have a higher IQ than the other Africans.
Either way one of the poorest regions in Africa is the horn, they can't seem to get it right be it cohesiveness or harmony non existent. so how is the high IQ working for you? kenya imports food from neighboring countries which if anything should be encouraged inter Africa trade and end of individualism is the thing that will lift Africa from poverty because what the Europeans did to Africa is irreversible I.e. they bunched up kingdoms and tribes together and formed nations which makes no sense

I'm not from Ethiopia, not from Eritrea either if that will be your next guess. Everything i've writen here is nothing but the truth, and is meant to realise African issues so they can be fixed.
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 2:43pm On Apr 29, 2020
Sorry, Jerry Rawling, the half-caste saved your country. Nkrumah had made you bankrupt and his legacy of bankruptcy lives on - inflation, currency depreciation, interest rates, Ghanaians are still running abroad.
vaxx:
listen Mr idiot, Nkrumah practice different ideology. right from its own Nkrumahism to socialism and then to communism . All available option of development were taken by the most exceptional leader of Africa, which by today can only be comparable to Singapore lee Khuan yew..

Nkrumah was overthrown by CIA and some Ghanaian clique who hate political and economic freedom of Ghanaian. it is common sense .every country aim is to achieved economic independence and build wealth out of its endowed natural and human resources.know This today, Educational and healthcare policies under Nkrumah were far ahead of the current UN mandated Mellenium Goals . Nkrumah's vision of CONSCIENCISM was meant to liberate Ghana and Africa to end Anglo-American-Franco-Zionist racist domination. Get yourself a time to go read books written by Nkrumah himself.

You are slowpoke and mentally retarded. The fact that Nkrumah's history and achievements are still stellar today makes a good case;he is vindicated. it ain't a thugs and dictator like jomo whose tenure of leadership made amassed do much fortune of kenya wealth through economic exploitation and corruption, leading to your nation suffereing from uncontrolled poverty , a large debt, and massive misused of public funds that could have put food on the table of ordinary poor Kenyan
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 2:44pm On Apr 29, 2020
rvp20182:
I thought I explained. 60s and 70s we are growing. We got a small problem in mid-70s thanks to Oil crisis but the 1980s oil crisis took us down - and more than that - our demography - made all the growth nonsense - we were still breeding in 1980s - population reached about 30m in 1980s - most households had on average 8-10 kids.

All that was "good" - still growing at 4% with population growth at 4% grin - until 1993 - hell broke loose - the American and Europeans together with IMF/WB canceled their Aid (our budge then was 50% or more from donors) after election violence and human rights violation by Moi - there was also a run on the central bank by Moi and cronies -

And so first time ever we felt like Ghanians (how do you people manage this). Inflation in 1993 basically shoots through the roof. Kshs dropped from 20 to a dollar to 50 then finally 60. Interest rates go to 30%. Name it. . Can you imagine KShs is still at around 100shs to a dollar now...while you CEDIS has gone haywire it's been demonetized and is now also going haywire?

Moi run to IMF on all our fours - and they release the funds - the economy got better - Moi got back to his old bad ways - the donors suspended AID - MOi run back to IMF and donors - they release the funds - economy got better - Moi got back is old bad ways. Eventually in 1997 a defeated and sly Moi told IMF to pick their men as top government officials to oversee gov retrenchment of civil services.

IMF swiftly picked a white Kenyan and his "dream team" for us. We had truly SUNK. Richard Leakey became the head of civil service and cabinet secretary. IMF was officially running kenya.



Anyway eventually by late 90s - even Moi himself was tired with stop - and - go stalemate with IMF, WB and donors - and he started weaning kenya of donor funding - we started reforming banks - reforming central banks - started issuing domestic debt instruments (tbill, name it).

But economy was still sick - zero FDI - kenyans escaping abroad like Ghanians and Nigerian still do -

And in 2003 - we ushered a new regime - we go back into good books of donors (who by then we didn't need) and investors - and more importantly kenyans started to invest again - started to have trust again on the system.



so in 2003 you decided to restructure your economy to become debt-dependent rather than productive

How do you expect to be successful ?
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 2:48pm On Apr 29, 2020
rvp20182:
Sorry, Jerry Rawling, the half-caste saved your country. Nkrumah had made you bankrupt and his legacy of bankruptcy lives on - inflation, currency depreciation, interest rates, Ghanaians are still running abroad.
Ghana today is at the receiving end of it highly educated work force and receiving a large globally educated workforce that are taking advantage of the entrepreneur work space advantages here and changing the face of the Ghanaian economy.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 2:51pm On Apr 29, 2020
How can you grow when the KENYAN MOH is using WORLD BANK money like this

grin grin grin

2 Likes 1 Share

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx: 2:51pm On Apr 29, 2020
rvp20182:
I [s]thought I explained. 60s and 70s we are growing. We got a small problem in mid-70s thanks to Oil crisis but the 1980s oil crisis took us down - and more than that - our demography - made all the growth nonsense - we were still breeding in 1980s - population reached about 30m in 1980s - most households had on average 8-10 kids.

All that was "good" - still growing at 4% with population growth at 4% grin - until 1993 - hell broke loose - the American and Europeans together with IMF/WB canceled their Aid (our budge then was 50% or more from donors) after election violence and human rights violation by Moi - there was also a run on the central bank by Moi and cronies -

And so first time ever we felt like Ghanians (how do you people manage this). Inflation in 1993 basically shoots through the roof. Kshs dropped from 20 to a dollar to 50 then finally 60. Interest rates go to 30%. Name it. . Can you imagine KShs is still at around 100shs to a dollar now...while you CEDIS has gone haywire it's been demonetized and is now also going haywire?

Moi run to IMF on all our fours - and they release the funds - the economy got better - Moi got back to his old bad ways - the donors suspended AID - MOi run back to IMF and donors - they release the funds - economy got better - Moi got back is old bad ways. Eventually in 1997 a defeated and sly Moi told IMF to pick their men as top government officials to oversee gov retrenchment of civil services.

IMF swiftly picked a white Kenyan and his "dream team" for us. We had truly SUNK. Richard Leakey became the head of civil service and cabinet secretary. IMF was officially running kenya.



Anyway eventually by late 90s - even Moi himself was tired with stop - and - go stalemate with IMF, WB and donors - and he started weaning kenya of donor funding - we started reforming banks - reforming central banks - started issuing domestic debt instruments (tbill, name it).

But economy was still sick - zero FDI - kenyans escaping abroad like Ghanians and Nigerian still do -

And in 2003 - we ushered a new regime - we go back into good books of donors (who by then we didn't need) and investors - and more importantly kenyans started to invest again - started to have trust again on the system.
[/s]


stop lying to everybody here. your currency has been hit hard now . selling as far as 110 shillings to a dollar. the current pandemic didn't only exposed your massaging currency but also validate what we have been saying that your economic management is so whack. You are still demanding for 1.5 billion dollar from IMF till today when many nations who just request for cash before your time has already been given .


There is a reason IMF is taking his time to loan such a poor nation like Kenya.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 2:55pm On Apr 29, 2020
2003 - our GDP was 12B dollars - and now as we speak 15yrs later - we are just about 100B dollars today. That is enough vindication that we are on the right track. We have also stopped breading like rats. Our success in family planning and population control is unmatched in Africa. We have turned the corner - and for good.

Right now as you speak we are the 3rd largest economy in Sub Sahara Africa after Nigeria and South Africa. In nearly any index that measure scale - we only trail South Africa and Nigeria

South Africa and Nigeria should be very worried.

Just30:
so in 2003 you decided to restructure your economy to become debt-dependent rather than productive

How do you expect to be successful ?

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 2:56pm On Apr 29, 2020
You're mini-Nigeria. A better run Nigeria. But the fundamentals are scr.ewed.
Just30:
Ghana today is at the receiving end of it highly educated work force and receiving a large globally educated workforce that are taking advantage of the entrepreneur work space advantages here and changing the face of the Ghanaian economy.

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by rvp20182: 2:57pm On Apr 29, 2020
WB on their own volition donated 10M dollars - in a country with a budget of 30B dollars. What is that - not enough to buy even COVID testing kit. Kenya is now a rich country.
vaxx:
stop deciving everybody here. your currency has been hit hard now . selling as far as 110 shillings to a dollar. the current pandemic didn't only exposed your massaging currency but also validate what we have been saying that your economic management is so whack. You are still demanding for 1.5 billion dollar from IMF till today when many nations who just request for cash before your time has already been given .


There is a reason IMF is taking his time to loan such a poor nation like Kenya.

1 Like

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 2:59pm On Apr 29, 2020
rvp20182:
2003 - our GDP was 12B dollars - and now as we speak 15yrs later - we are just about 100B dollars today. That is enough vindication that we are on the right track. We have also stopped breading like rats. Our success in family planning and population control is unmatched in Africa. We have turned the corner - and for good.

Right now as you speak we 3rd largest economy in Sub Sahara Africa after Nigeria and South Africa.

South Africa and Nigeria should be very worried.

stop shutting

your economy is smaller than Ethiopia and Angola
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 2:59pm On Apr 29, 2020
rvp20182:
You're mini-Nigeria. A better run Nigeria. But the fundamentals are scr.ewed.
you will keep playing catch up to Nigeria and Ghana

2 Likes

Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 3:00pm On Apr 29, 2020
rvp20182:
WB on their own volition donated 10M dollars - in a country with a budget of 30B dollars. What is that - not enough to buy even COVID testing kit. Kenya is now a rich country.
so you spent it on Candies forgetting it is monies that will be paid back

That money could have been used to buy testing kits that you so badly need, since you run out
grin grin
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx: 3:02pm On Apr 29, 2020
rvp20182:
Sorry, Jerry Rawling, the half-caste saved your country. Nkrumah had made you bankrupt and his legacy of bankruptcy lives on - inflation, currency depreciation, interest rates, Ghanaians are still running abroad.
Evidence of madness. you mean when Ghana economy is making giant strides with positive primary surplus while your zoo continue to account for negative balance of trade . keep dreaming

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