Battle: Dar es Salaam vs Nairobi

[Teargas]

[emoji23][emoji23][emoji23] Wewe tena.?

Answer the question, who is Africa Facts zone?

 

[Teargas]

Unajua maana ya sampling kwenye research au survey?

Who told you that was a survey?

 

[Teargas]

Mojawapo ya mitigation strategies is for the government to have its own reserves as a tool to control price hikes and hoarding by fuel companies so what does the GOK do in this respect?

Remember government don't distribute fuel to the final consumer unless in your country?[emoji23][emoji23]

 

[Teargas]

Cement sio ya kitoto hapo dah

Mnajenga dam moja na mnapiga kelele hapa, unajua how many Dams Uhuru anajenga as we currently speak?

 

[Teargas]

Tanzania hamna chokoraa, this is typical Kenyans behaviour of begging!

Hey fool, that's Dar is slum.

 

[Nicxie]

Mojawapo ya mitigation strategies is for the government to have its own reserves as a tool to control price hikes and hoarding by fuel companies so what does the GOK do in this respect?

And who told you the government doesn't have its own reserves? KPC has over 69 million liters of super petrol, 94 million liters of diesel, 13 million liters of kerosene and 23million liters of jet fuel in its reserve as at two days ago

There is enough fuel stocks, KPC tells motorists

"Our global stock holding is adequate to serve the region."

www.the-star.co.ke

Ubaya ni kwamba mnajifanya mnajua masuala ya Kenya kuliko sisi wakenya wenyewe

 

[Teargas]

There's no hospital in Tanzania with this kind of facility.

 

[REAL Comrade Kipepe]

Wewe kilaza data za TRA zinataja $8B revenue kwa kipindi cha miezi kadhaa from july-march .. and this is what u pimbis collected in 2021 👇View attachment 2175617

The figures of some countries are inaccurate.

Thank you.

 

[Tony254]

ichoboy01 kama wewe ni mwanaume kamili hebu click on that tweet uone hilo picha kisha unipe opinion yako. Vijana wako wanafanyiwa madhambi sana.

 

[REAL Comrade Kipepe]

wah.!! initialy thought its a storey building under construction, and taking shape nicely.!!😆

waandisi wa tanganyika aisee.....

You have zero idea of electrical SGR - I strongly feel you.

By the way, many buildings in Kenya are collapsing nearly on a daily basis, what does that tell you about Kenyan architectures?

 

[NDINDA]

 

[NairobiWalker]

You have zero idea of electrical SGR - I strongly feel you.

That is just an ugly footbridge. Got nothing to do with 'electrical SGR'.

By the way, many buildings in Kenya are collapsing nearly on a daily basis, what does that tell you about Kenyan architectures?

Structural soundness is an engineering element, not architecture.

 

[dopchinski]

View attachment 2175732

walai.. the very 1st ranking tanzania kutushinda.. walai..

 

[Teargas]

Yesterday karibu watanzania watumeze just because of fire stations [emoji23][emoji23], today we are back again with the same issue.


Gigiri fire station under construction.

 

[Teargas]

Gigiri fire station under construction. Can we please see Dar is slum fire station?

 

[joto la jiwe]

You are an idiot if you think Tz collects more revenue than Kenya lol. Our budget is double yours and you think you collect more than us?
Wewe na boya mwenzako.



Someni hapa.

https://www.kra.go.ke/images/publications/Revenue-Performance-Report-2018-19.pdf

View attachment 2175479

Na hiyo ni ya 2019. Double yenu ya 2021


2020/21 hii hapa

https://www.kra.go.ke/images/publications/20192020-FULL-YEAR-REVENUE-PERFORMANCE.pdf

Kenyan budget is bigger than Nigerian budget, people who are stupid like you do use expenditure as an indicator of better economy, but smart people use production as indicator for good economy, if you collect more money than Tanzania, why you can't complete the remaining part of SGR?

 

[joto la jiwe]

Nyinyi wenye serikali thabiti why are you still leading in poverty in this region?

We feed you stupid, we stay in better houses not slums, all our development projects are progressing well while yours 54% were abandoned due to lack of funds, our debts is only 36% while yours is 80% of GDP, only 26% population is below poverty line, while in Kenya is about 43%[emoji23][emoji23][emoji23]

 

[joto la jiwe]

Kenyan banks make losses in South Sudan and why they stay on​

MONDAY APRIL 04 2022​

Customers in a KCB banking hall in South Sudan capital, Juba. The lender cut its presence in the war-torn State. FILE PHOTO | NMG

​

Summary​

• KCB started operations in the country in 2006, Equity in 2009 and Co-operative Bank was the latest entrant in 2013.
• In 2014, KCB shut three branches in South Sudan after the war broke out while in 2017, Equity Bank followed suit and closed seven out of its 12 branches in the country.
• The civil war, which started in 2013 and ended in 2020, led to a massive write-down of assets, loss of revenue and hyperinflation, which resulted in banks reporting monetary losses due to reassessment of assets and liabilities.

By JAMES ANYANZWA
More by this Author

Kenyan top retail banks are struggling to navigate the rough terrain in the war-ravaged South Sudan with Co-operative bank falling to an accumulated loss of Ksh3.29 billion ($28.85 million) in the last eight years of operation.

A review of the audited financial statements for KCB, Equity and Co-operative bank show that the latter has made losses amounting to about $28.85 million from the year 2014 to 2021, translating to a loss of Ksh411.78 million ($3.61 million) per annum.

The only profit for the lender which started operations in South Sudan in September 2013 came in the year 2015 at Ksh849.72 million ($7.45 million).

The lender exported its cooperative banking model in South Sudan by investing Ksh2.72 billion ($23.85 million) for a 51 percent shareholding in a joint venture with the Government of South Sudan.

The government of South Sudan holds 49 percent shareholding in the bank on behalf of the country’s cooperative moment.

Last year, Co-op Bank extended this joint venture by three years, arguing that the transfer of the minority stake to the South Sudanese Cooperative movement has been delayed by economic and political challenges in the country.

The civil war, which started in 2013 and ended in 2020, led to a massive write-down of assets, loss of revenue and hyperinflation, which resulted in banks reporting monetary losses due to reassessment of assets and liabilities.

Equity Group Holdings (EGH) Ltd recorded an estimated Ksh1.86 billion($16.31 million) in net profit during the period under review translating to about Ksh206.77 million ($1.81 million) per annum, with losses coming in the year 2016 and 2021 at Ksh660 million ($5.78 million) and Ksh200 million($1.75 million) respectively.

Oil export drought​

On the other hand, KCB’s subsidiary in South Sudan returned a total profit after tax of Ksh6.03 billion ($52.89 million) during the same period, translating to Ksh754.12 million ($6.61 million) per annum.

The seven years of civil war significantly affected the South Sudanese economy primarily because of the collapse in oil production in areas affected by the war.

For instance, South Sudan produced about 500,000 barrels per day before 2012 which fell to about 65,000 barrels per day in 2020.

The country also suffers from weak rule of law, widespread corruption and unstable security situation, compounded by poor infrastructure, lack of reliable transport routes, and poor access to electricity, internet connectivity and extremely low levels of education and skills amongst the population.

According to James Mwangi, the Equity Bank chief executive officer, political instability, dip in crude oil prices, high inflationary pressures and exchange rate volatility have colluded to slow down the growth momentum of the South Sudanese economy and subsequently impact negatively on businesses including banks.

“We entered the South Sudan in 2009 and in four years, we had become the largest bank there. It was the subsidiary that was able in one year to pay Ksh1 billion ($8.8 million) in dividend. But, in 2013, war broke out and it affected trade,” Mr Mwangi told The EastAfrican in February this year.

“The conflict between South Sudan and Sudan almost made oil exports impossible because Sudan decided to take $26 per barrel as shipment or pipeline fee. Then oil prices went below $30. So, essentially, South Sudan was making nothing and the economy became suffocated. The tensions and political disagreements intensified. The international community seemed to lose hope, funding dried up and the people gave up.”

According to Mwangi the South Sudanese economy ground to a halt, setting off a microeconomic environment where inflation went all the way to 800 percent.

Maturing democracy​

And it was inflationary losses recorded in our books because of the exchange rate, which moved from three South Sudanese pounds to the dollar to 540 pounds to the dollar.

“So you can imagine the imported inflation in a country importing 90 percent of its requirements. Our strategy was to bring down the bank to maintenance and we reduced our branches from 13 to three, and the staff from 480 to 80 just to maintain the licence. There seems to be hope but we have taken a wait-and-see stance. Every year we are hopeful that it will get better.”

According to the World Bank, about 82 percent of the South Sudan which is especially vulnerable to weather, oil price, and conflict-related shock, is poor.

In an earlier interview with Kenya Bankers Association Chief Executive Habil Olaka said Kenyan banks entry into South Sudan is for long term gains.

“Kenyan banks are playing the long game and are not after quick gains. What is happening in South Sudan is the normal speed bumps for a maturing democracy, and it is only those who are focused on the long term and patient enough who will eventually stabilise and reap the benefits,” said Mr Olaka.

“It is for this reason that none of the Kenyan banks have pulled out in the face of a tumultuous spell, because the long term still looks promising.”

The three banks (KCB, Equity and Co-operative) including Stanbic bank rushed to South Sudan following a peace deal in 2005, attracted by a large unbanked population and oil wealth.

KCB started operations in the country in 2006, Equity in 2009 and Co-operative Bank was the latest entrant in 2013.

Branch fold-up​

Analysts at EFG Hermes reckon that while the banks still report monetary losses in South Sudan, the magnitude has declined because the hyperinflation rate has declined, although the profit contribution from South Sudan is much lower than it was at its peak as transaction volumes haven’t recovered.

According to Paul Mwai, chief executive at AIB-AXYS Africa Ltd, regional expansion has not been very successful for Kenyan banks and while there seemed to be a big opportunity when the persistent political conflict has changed the situation and the opportunities are less.

In 2014, KCB shut three branches in South Sudan after the war broke out while in 2017, Equity Bank followed suit and closed seven out of its 12 branches in the country.

Kenyan banks make losses in South Sudan and why they stay on

The seven years of civil war significantly affected the South Sudan economy primarily because of the collapse in oil production in areas affected by the conflict.

www.theeastafrican.co.ke

@Tony254

 

[Geza Ulole]

Kenyan budget is bigger than Nigerian budget, people who are stupid like you do use expenditure as an indicator better economy, but smart people use production as indicator for good economy, if you collect more money than Tanzania, why you can't complete the remaining part of SGR?

Which kunyan budget is bigger than Nigerian? The one raised through IMF loans?

East African countries go on a loan binge to bridge huge budget deficits

Kenya, Tanzania and Uganda say they will be in the market for a mix of sovereign bonds, syndicated and commercial loans.

www.theeastafrican.co.ke

 

[The Sunk Cost Fallacy]

nilikuambia huyo jamaa ni nazi kabisa analeta siasa za kitoto humu
huyo ni wa propaganda hana jipya umemuelekeza vizuri tu ila shida inakuja na kasoro pale unapoelekeza mbuzi mtu

Sent from my SM-A025F using JamiiForums mobile app

Umejaa usaha kichwani..

Wewe na huyo unaemshabikia hapa zitaje hizo ofisi unazozisema vinginevyo unaongea matapishi ya mbwa tuu..

Mama kwa maneno yake amekataa bullying kwa sababu haina tija.

Upuuzi wa hivi mama kakataa uwe unaelewa wewe kenge,kama unakulipa peleka kwa Mkeo na watoto wako watakushukuru. 👇