Kenya, Nigeria and Moroccan banks dominate Africa awards shortlist.No Tanzanian Bank Shortlisted

[Bavaria]

Standard Chartered and FNB Banks are my favourite.

 

[NairobiWalker]

Even if private sector credit is low, it's low from Kenya's perspective... But when you start to use Tz as a baseline, that's when you become a comedian....

Domestic credit to private sector (% of GDP) | Data

Deapite the huge domestic debts taken by GoK, credit from local financial institutions to private sector represents roughly 33% of GDP of Kenya. This is still low compared to the recommended % ...


But in Tz credit to private sector is a mere 15% of GDP... So Kenya's credit is actually more than double that of Tz %-wise, considering that Kenya GDP is like 30% bigger than Tz, the actual $ value of credit to private sector could actually be 3 times bigger than Tz
Therefore whatever you are trying to insinuate is worse in Tz than it is in KE even despite Kenya's huge borrowing!


View attachment 766767 View attachment 766768

Mind you, Tz borrows way more externally than internally and still private sector gets Nada! Goes to show how small their banks are

The GDP of Kenya is 37% larger than Tanzania's and the gab keeps increasing.

 

[Kafrican]

Am not desputing the facts that
1) Kenya private sector is larger than Tz
2) Tz borrows more externaly than kenya
3)Tz banks dont make as much super profits as kenyan banks
what am telling you is
1)Kenya's private sector is dominated by financial institutions like banks, insuarance companies with exception of safaricom
2)The loan books of these institutions is dominated by Gok via treasury not manufacturing companies or individual citizens taking commercial loans for business or morgages
3)Kenya borrows much more both internally and externally than Tz
The effects are:
1)Borrowing internally causes inflation, which causes low consumption and low credit uptake by citizens/businesses as banks prefer the ever hungry and low defalt risk GoK. Inflation causes Joblesness
2)External borrowing by kenya is very expensive and since kenya is a net importer it is stuck to loans to finance its budget.
3)Tz is a net exporter, it borrows cheap WB loans which kenya cannot qualify for.
4)Tz banks grow slowly according to their private sector growth not like kenya where banks are superficially grown and profited by an ever broke GoK, which is actually handing over taxpayer monies to banks

Trying to reverse engineer facts to fix Tz on the table I see.

When we talk of "Domestic credit to private sector" banks are not part of the private sector, they are listed on the part of creditors. Therefor trying to insinuate that banks are the private sector ... Banks don't take loans from other local banks, neither does Safaricom ... Therefore this credit to private sector goes to individuals,SMEs,real estate,Manufacturing,individuals....

3. Kenya does not qualify for cheap WB loans because Kenya is not recognised as a LDC unlike Tz. It's like a kid that gets free monthly allowance from his parents, laughing at his big adult-teen brother who finished school and is hustling cash in the real world. ... When Tz finally grows up to become an adult, then you can talk.

4. We can go it in a different way, we can try to look into the amount of deposits held by individuals in Kenyan banks vs Tz banks.. This usually excludes institutions,companies,govt..etc, we will still end up at the same conclusion,

The reason why credit to private sector in Kenya is at a all time low is because of the rate cap law (not GoK borrowing) banks are simply stingy with givin out loans to individuals on such low interest rates, once that law is corrected (best way is for CBK to be given power to change rate cape according to market forces and not according to legislation as it is now, like how ERC controls market fuel prices ), then we will be back in business

5) so no matter how you try to redefine the facts, Kenya private sector gets more credit from local financial institutions than Tz private sector...

 

[Mkikuyu- Akili timamu]

Trying to reverse engineer facts to fix Tz on the table I see.

When we talk of "Domestic credit to private sector" banks are not part of the private sector, they are listed on the part of creditors. Therefor trying to insinuate that banks are the private sector ... Banks don't take loans from other local banks, neither does Safaricom ... Therefore this credit to private sector goes to individuals,SMEs,real estate,Manufacturing,individuals....

3. Kenya does not qualify for cheap WB loans because Kenya is not recognised as a LDC unlike Tz. It's like a kid that gets free monthly allowance from his parents, laughing at his big adult-teen brother who finished school and is hustling cash in the real world. ... When Tz finally grows up to become an adult, then you can talk.

4. We can go it in a different way, we can try to look into the amount of deposits held by individuals in Kenyan banks vs Tz banks.. This usually excludes institutions,companies,govt..etc, we will still end up at the same conclusion,

The reason why credit to private sector in Kenya is at a all time low is because of the rate cap law (not GoK borrowing) banks are simply stingy with givin out loans to individuals on such low interest rates, once that law is corrected (best way is for CBK to be given power to change rate cape according to market forces and not according to legislation as it is now, like how ERC controls market fuel prices ), then we will be back in business

5) so no matter how you try to redefine the facts, Kenya private sector gets more credit from local financial institutions than Tz private sector...

I have not redefined any facts neither have I desputed the Tz private sector being smaller and receiving less money than kenya. What we both agree is that the growth of kenyan banks is largly due to GoK Mega Borrowing.
So, Question..What advantage does kenya hold (Economical, financial or whatever) for being labeled a Middle Income Country?

 

[COLLOH-MZII RELOADED]

I have not redefined any facts neither have I desputed the Tz private sector being smaller and receiving less money than kenya. What we both agree is that the growth of kenyan banks is largly due to GoK Mega Borrowing.
So, Question..What advantage does kenya hold (Economical, financial or whatever) for being labeled a Middle Income Country?

So u developing other peoples banks while your banks are in a petty situation

 

[Hoshea]

Sababu za kivivu hizo... Kama south Korea wakati huo ilikua nchi maskini na sasa ni top 15 duniani, wewe hauwezi ukalalamikia muda.
Equity bank ilianzishwa 1984 Kama corperstion ya kuhudumia wakulima na watu maskini, Leo hii Equity iko karibu kuipita hio KCB bank Kwa ukubwa wa assets... Tayari Equity ndo biggest bank in Africa by customers ikiwa inahudumia Zaidi ya 12 million! Kwahivyo haijalishi ulianza lini, Kama uko na bidii,umaarufu na uongozi mzuri, kampuni youlyote inaweza kufulika mbali. Kwa mfano, Kuna kuna kampuni nyingi sana hapa EA ziliamzishwa kitambo sana lakini Safaricom ilianza 1997 na Leo hii ni biggest campany in east and central Africa ikiwa na value ya $12B. Ni miaka 21 tu na ilifanyikiwa kupita kampuni zote nyingine

Safaricom ni biggest sababu imeruhusiwa na serikali ku monopolize communications industry, sababu watu wa serikalini wana hisa zao pale, ndio maana simple innovation like displaying the name ya unakotuma mpesa haitokei hadi unapotuma hela, ambapo kama umekosea, ndio inakuwa imetoka hiyo, that's the effect of monopolizing a mkt, ubunifu zero. So hawana something special kama venye unataka tuaminisha.
Bank zenu zinafanikiwa sana coz zinafanya kazi na doo za serikali, quite opposite na banks za Tz. So usidharau sana ukajiona mjuaji, mbona S Korea ipo top 15 na nyie hampo.

 

[TheStark]

Safaricom ni biggest sababu imeruhusiwa na serikali ku monopolize communications industry, sababu watu wa serikalini wana hisa zao pale, ndio maana simple innovation like displaying the name ya unakotuma mpesa haitokei hadi unapotuma hela, ambapo kama umekosea, ndio inakuwa imetoka hiyo, that's the effect of monopolizing a mkt, ubunifu zero. So hawana something special kama venye unataka tuaminisha.
Bank zenu zinafanikiwa sana coz zinafanya kazi na doo za serikali, quite opposite na banks za Tz. So usidharau sana ukajiona mjuaji, mbona S Korea ipo top 15 na nyie hampo.

No. Safari

 

[TheStark]

Safaricom ni biggest sababu imeruhusiwa na serikali ku monopolize communications industry, sababu watu wa serikalini wana hisa zao pale, ndio maana simple innovation like displaying the name ya unakotuma mpesa haitokei hadi unapotuma hela, ambapo kama umekosea, ndio inakuwa imetoka hiyo, that's the effect of monopolizing a mkt, ubunifu zero. So hawana something special kama venye unataka tuaminisha.
Bank zenu zinafanikiwa sana coz zinafanya kazi na doo za serikali, quite opposite na banks za Tz. So usidharau sana ukajiona mjuaji, mbona S Korea ipo top 15 na nyie hampo.

No. Safaricom is not a monopoly. It is just a Gort cash cow.. I mean the dividents to the Gort and the taxes are just too much. Did you know airtel started even before safcom. Their business strategy failed. Hio ilikua tu ya wadosi, safaricom came in and targeted the poor. Equity used the same strategy, both are now very successful.