NewStats: 3,261,704 , 8,174,858 topics. Date: Friday, 30 May 2025 at 08:43 AM 2m6r16z3e3g |
Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (1500578 Views)
Mkenya2019: 9:00pm On Nov 07, 2022 |
The often repeated story about Nigeria taking 90 percent cut and Indonesia taking 10 percent cut applies here. Kenya SGR was built in record 2.5yrs - and has been operational for 6yrs now - carrying almost two million people from Nairobi to Mombasa every year. That is almost 10 million engers - without accident, in half the time, comfort and bliss. It was 13th most magnificient ride in world because you get to see few elephants and wild on the way. That I believe is why Coastal tourism has breezed through COVID - domestic tourism from Nairobi & elsewhere are ing coastal economy. Mombasa port is few notches from Durban in of efficiencies thanks to SGR. We can go on and on - Mombasa-Nairobi highway has less congestion - has lots of trucks been removed - 5Million tonnes per annum - is lots of trucks out of the road. I choose to see the elephant in the room...Chinese are only folks who seem to get stuff done in Africa...except in Nigeria. Let move on to Nigeria. Your SGR started way before ours...you recently finished the 150km Ibandan-Lagos - and the stats are crim. Suffering says the same fate belies Kaduna-Abuja - infact it been abandoned. The least said about 1 billion dollar Abuja to Airport the better for you. Is there corruption in kenya. Absolutely. I believe at minimum 10 percent of almost every project is budgeted corruption. This Chinese are normally willing to pay tje "Project Managment Fee" - and in turn whoever get 10 percent - Uhuru I reckon for SGR and expressway - ensure the project never stops - chinese make their money that way - because if project delays like Nigeria Julius Berger towns all over - it will be costly for them. What values does Uhuru or Ruto now bring - they take 10 percent - and ensure the project never stops - police, judiciary, name it - cant stop - because the president is superivsing it even at midnight. This "good" corruption. Bad corruption is Sani Abacha - take all the money and bank it in Switzerland. obaaderemi: 1 Like |
Mkenya2019: 9:11pm On Nov 07, 2022 |
Look at these stats.....before you worry about 10 percent stolen by Uhuru. Ibandan- Lagos - 150Km Monthly engers -> 33K - annually 350K - versus Mombasa closing 2 million. Cargo -> Zero versus 5 million metric tonnes. Conclusion - Nigeria SGR is a failure. Abuja airport 400 engers ![]() 2 Likes 2 Shares |
Just40: 9:18pm On Nov 07, 2022 |
Shaytun:small china town |
ProblemChild1: 9:21pm On Nov 07, 2022 |
theenchanter:You don tell us the answer be that fa ![]() |
ProblemChild1: 9:23pm On Nov 07, 2022 |
Shaytun:No be today China dey run dem street ![]() ![]() 1 Like |
jl115: 10:11pm On Nov 07, 2022 |
Shma2022:My bru I grew up with guns... You don't need to copy and past caliber sizes... The fact is the FN Scar isn't even the most powerful rifle in the KDF since the KDF also operate larger caliber than even 7.62... So even if you have FN Scar in 7.62 it still isn't the most powerful rifle in service with the KDF. In general the FN Scar is a decent rifle, but it is complicated and prone to jamming if not kept clean... Its also one of the reasons why the Navy seals rejected it. |
jl115: 10:14pm On Nov 07, 2022 |
Shma2022:also how can a 5.56 be more powerful than another 5.56 ![]() ![]() ![]() ![]() |
obaaderemi: 10:48pm On Nov 07, 2022 |
Mkenya2019:Ok. Kontinue |
Just40: 10:56pm On Nov 07, 2022 |
No surprise that the SGR Buyer Credit Loan Agreement came with a cross-default clause (Section 14.1 Clause e). In the event that Kenya defaults on any other external loan, the country will be deemed to have been in default of the SGR facility. In the SGR contract, Kenya Ports Authority (KPA) committed to create inland ports including at Nairobi where KPA would manage the inland ports. If Kenya defaults on loans, China can take over KPA without notifying Kenya government. KPA should also not ask questions. 2 Likes |
Mkenya2019: 11:19pm On Nov 07, 2022 |
Where do you see KPA in that? KPA signed a take or pay with Kenya Railway. This same thing you signed with independent power producer. You dont expect China to loan us 5 billion dollars without some collatoral. You gave China farmers cocoa beans as loan collatoral - at least KPA is owned by Gov of Kenya. KPA can sell few shares and pay china loan. But Ghana...how do you collateralize your poor farmers farms and their cocoa? In case you fail to pay...China will take farmers cocoa beans for free until its repaid. Then you went ahead...gave chinese aluminium and bauxite as collatoral for your railway loan. Just40: 2 Likes |
Just40: 11:24pm On Nov 07, 2022 |
Mkenya2019:go and read the agreement and stop making useless noise. How will Ghana govt collateralized private property? Which law is that legal under? You're mad, go and deal with your govt 2 Likes |
Mkenya2019: 11:24pm On Nov 07, 2022 |
It crazy. Kenya and Ghana both went to Exim bank of China for loan. We told them KPA will give KR as much cargo as they want. You went to China - and gave farmers cocoa as collatoral - for BUI dam The cocoa beans were sold at the prevailing market price rather than a fixed price, and the proceeds were placed in an escrow with China Eximbank |
Mkenya2019: 11:25pm On Nov 07, 2022 |
You did when building the BUI dam. You gave China cocoa beans as collateral. The cocoa beans were sold at the prevailing market price rather than a fixed price, and the proceeds were placed in an escrow with China Eximbank., Which loan are favourable? On September 25, 2007, China Eximbank and the Government of Ghana signed a buyer’s credit loan (BCL) agreement worth $292 million for the Bui Dam Construction Project. Then, on September 3, 2008, China Eximbank and the Government of Ghana signed a government concessional loan (GCL) agreement worth RMB 2.1 billion. The BCL carried the following : 17 year maturity, 5-year grace period, and an interest rate of CIRR plus a margin of 0.75% (6.13%). The GCL carried the following : 2% interest rate, 20 year maturity, and a 7 year grace period. The GCL is captured in Project ID#30810 and the BCL is captured in Project ID#183. Collateral The cocoa beans were sold at the prevailing market price rather than a fixed price, and the proceeds were placed in an escrow with China Eximbank to facilitate loan repayment (and provide a source of security for the BCL). Then, once the dam was operational, the cocoa agreement Just40: |
Mkenya2019: 11:31pm On Nov 07, 2022 |
As we speak - you took loan from exim bank of China - and all your bauxite has to be banked in escrow in China ![]() ![]() ![]() China man doesnt have our money in some escrow where he pays himself first. You must be only country in world to do this escrow thing with china. https://www.scmp.com/news/china/diplomacy/article/3126260/ghanas-bauxite-infrastructure-deal-chinas-sinohydro-faces Facing a severe infrastructure financing gap estimated at US$30 billion, Ghana two years ago turned to China to help it fund the building of roads, highways and power dams. The West African nation signed a bauxite-for-infrastructure deal with Chinese state-owned firm Sinohydro Corp in 2018 that would allow the Chinese company to invest $2 billion in Ghana’s infrastructure. In exchange, Ghana would use money earned from the sale of bauxite (the primary ore used to make aluminium), refined bauxite and aluminium to repay the loans. As collateral, Ghana agreed to establish an offshore escrow for receiving revenues generated from the sale of bauxite. 1 Like |
vankelvin: 1:01am On Nov 08, 2022 |
rvp20182:Stories for the gods |
vankelvin: 1:05am On Nov 08, 2022 |
Mkenya2019:Do you need extra sheet? Make the story long cos I won send am to your ancestors to read ![]() ![]() ![]() 2 Likes |
gallivant: 1:26am On Nov 08, 2022 |
Mkenya2019: Wow!! Is this even legal? ![]() ![]() Sometimes people look at Accra and wonder where did the oil and gold money go? Take a deep look and you realise the country has been making cave man economic policies since independence. More than 17 bailouts, coups etc. Nigeria is worse, people still using candles to read in the biggest oil producer in Africa!! What a travesty!! ![]() ![]() 1 Like |
rvp2018: 4:34am On Nov 08, 2022 |
gallivant:That why they project their woes on others..no two countries in Africa are owned by Chinese like Ghana and Zambia.Kenya, Ethiopia and name it borrow but don't accept those ..or do you find Chinese selling roasted corn on the streets like Zambia and or worse invading farms & poisoning rivers like Ghana.They go broke often despite minerals because of such financial straight jacket.Their bauxite right now was mortgaged to Chinese for mere two billion dollars and I bet their farmers cocoa is collateral somewhere 1 Like |
rvp2018: 4:43am On Nov 08, 2022 |
I watched Maya video on cocoa farming...they aren't allowed to sell to anyone except government..all their cocoa essentially belong to cocoa board and their gov. Their government has used their beans to borrow.Can you imagine a country in this century where you can't sell your stuff except to government body ![]() 1 Like |
rvp2018: 4:50am On Nov 08, 2022 |
vankelvin:This academic research showing 1.5 percent GDP impact post construction... That almost two billion dollars annually.Most of you are envious because our sgr is Africa most successful https://www.researchgate.net/publication/358166206_Impact_of_the_Standard_Gauge_Railway_on_the_Kenyan_Economy#:~:text=Findings%20The%20country%27s%20Gross%20Domestic,46%2C000%20jobs%20for%20local%20residents. 1 Like |
obaaderemi: 7:51am On Nov 08, 2022 |
rvp2018:Envious for what? Your sgr continues bleeding money. Operational cost is far higher than revenue. You are saddled with one of Africa's biggest debt burden because of that sgr. China recently fined your government because you defaulted on their loans to you. The Chinese own you because of that sgr. They provided over 90% of the funding. Where else in Africa is their funding percentage as high as that? |
Bigkoko: 7:52am On Nov 08, 2022 |
Hello my good people of Kenya! Bigkoko Taxi Services is launching in Nairobi Kenya. From 15th Of Nov we can start accepting Rides booked on our Website. Mr Walter Andayi is our Country Representative, and Chief Operator for the Kenyan Market. He is a Kenyan with lots of years of experience in the telecom sector having worked with Safaricom & Mpesa. He is available to answer all your inquiries at short notice! How you can profit from this venture....You can free of charge as a Taxi, once we receive Ride Orders, we swiftly switch over such request to you! Once you on the website, we add you to the respective Country you intend to offer the Taxi Service. • Pick & Drop. • Airport Transfers. • City Roaming. • Outstation Movement. • Group Charter. • Cruise Rides. All the way from the beautiful City of Kigali!
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obaaderemi: 9:05am On Nov 08, 2022 |
Bigkoko:Well done, brother. This is obviously a Nigerian company. What's your experience in Lagos and Kigali like? |
Bigkoko: 9:09am On Nov 08, 2022 |
Yes... Bigkoko ® African Integrated Services Ltd. Address: Norrsken House KN 78 St Kigali Rwanda. Near Car Free Zone beside Coque Bank HQ. Check it out on Google Maps obaaderemi: 1 Like |
Bigkoko: 9:11am On Nov 08, 2022 |
It's a Rwandan Company partly owned by a Nigerian. Lagos experience is bust & Bustle. Kigali experience is calm, slow & steady. obaaderemi: |
GeneralDae: 9:25am On Nov 08, 2022 |
Bigkoko:I was surprised a Rwandan company could be named Bigkoko because Koko is more like a Nigerian slang. Nice to see African countries collaborating together more. 2 Likes |
obaaderemi: 9:32am On Nov 08, 2022 |
GeneralDae:I think the brain behind the company is a Nigerian, with Rwandan partners. Nigerians are serious hustlers. It's like they're dead without it. 2 Likes |
Shma2022: 9:33am On Nov 08, 2022 |
jl115:The emboldened is the reason enough why I shouldn't engage you. But then again, I doubt if you've ever used an FN-SCAR( special force compact rifle) of any type. That factor alone drives us to a level pegging ground. You have to hit google to dig out information. Also, the only version abandoned by the US navy seal was the light version of FN-SCAR. This is due to its heavy weight and jamming at some point. "The U.S. Special Operations Command later canceled their purchase of the SCAR-L and planned to remove the rifle from their inventory by 2013. However, they will continue to purchase the SCAR-H version, and also plan to purchase 5.56 mm conversion kits for the SCAR-H, allowing it to substitute for the SCAR-L ." Apart from the aforementioned, I agree with the rest of your points. 1 Like |
gallivant: 9:35am On Nov 08, 2022 |
QuietMynd: When will Zoogerians stop projecting their issues to us? Uhuru Kenyatta is a saint among Nigerian despots. Here is just one... ![]() Stop projecting your issues. 2 Likes |
gallivant: 9:38am On Nov 08, 2022 |
obaaderemi: Hustlers, like Hushpuppi and the like. Try not cheating for once, your so called hustle dissapears in thin air. |
Shma2022: 9:42am On Nov 08, 2022 |
Just40:I am glad that you're concerned with our paltry debt. Yours is beyond concern. 2 Likes |
Shma2022: 9:47am On Nov 08, 2022 |
vankelvin:That's a win affair for Kenya. SGR is still there. It will keep paying itself even before time expires. |