Why the Sh134bn Nairobi to Naivasha SGR line may not give Kenyans value for money

[Livale]

Mwanzi1, if the world worked in tandem with your analogy then our airports would look like go-downs, all our towers, churches and houses would be box or rectangular behemoths, the new cable stayed bridge at dar would be an everyday overpass like bridge erected on pillars. But no, nothing is as above. That's because as humans, we strive to stand out and thus aesthetics and grandeur tend to be merged with practicality to produce masterpieces. Our train Stations, your new bridge etc are a good example of this

 

[Kafrican]

Now I remember, it was you that we had a long discussion about rough seas in East Africa. You keep forgetting one piece of crucial evidence which gives Tanga and Dar advantage to calm ocean, the island of Unguja and Pemba. Those tow islands plays a crucial role of shielding the ports from bad weather, even Zanzibar port was build on west of the island for the same reason.

Dar took the lion share of investment from Tanga because industrialization in Tanga and nearby towns started to decline in late 70s. But time has changed, the demand of Tanga port has started to grow, Oil from Uganda and DRC, the revival of sisal industries, the import and export from Tanzania and it's neighbouring countries gives Tanga a purpose to be rejuvenated. If you say Tanga to Musoma railway route is meaningless, is better to have two options rather than one which it can be unreliable. The same thing was asked by expect on Kenya single track railway line, why they didn't go with double track like Ethiopia, what will happen when the line is out of service, will the whole system stop? Or they will formed another commission of enquiries and spend millions of shilling just to get a simple answer? Bribery

ethiopia double tracking is only for 100km, the rest of more that 500km is single tracked..... remember ours has an option for future double tracking once it starts working........ when the line ever comes out of service in the next 30 years(before we ever get to add another track) then it would mean the line wasnt build with expected quality in which case we would be lucky that we din't build two tracks of poor standard...


On red up there... the simple fact remains that the Mombasa (approx 25Million tonnes)port handles almost twice the cargo than dar port(Approx 14Million tonnes/year)....even though Mombasa is supposedely not calm like dar or tanga....... So you can eat that ..... as usual, Tanzania with the natural advantage is playing catch up with a disadvantaged Kenya...... Tanzania can earn $1Billion dollars more if they were just as efficient as Mombasa port, just think about that

 

[Mwanzi1]

ethiopia double tracking is only for 100km, the rest of more that 500km is single tracked..... remember ours has an option for future double tracking once it starts working........ when the line ever comes out of service in the next 30 years(before we ever get to add another track) then it would mean the line wasnt build with expected quality in which case we would be lucky that we din't build two tracks of poor standard...


On red up there... the simple fact remains that the Mombasa (approx 25Million tonnes)port handles almost twice the cargo than dar port(Approx 14Million tonnes/year)....even though Mombasa is supposedely not calm like dar or tanga....... So you can eat that ..... as usual, Tanzania with the natural advantage is playing catch up with a disadvantaged Kenya...... Tanzania can earn $1Billion dollars more if they were just as efficient as Mombasa port, just think about that

It's amazing when you think you'll have smooth and plain sailing life all the time. If you say Mombasa port is so efficient, it doesn't mean another country will not reach where Mombasa is today, or even surpass it. Port business always goes with progression of country's economy or even nearby countries economies. For the past 30 years Tanzania struggled to balance it's economy, and guess what, so as Zambia, DRC, Burundi, Rwanda sometimes even Uganda. But the situation is changing, everyone is standing up and focussing on building their economies. The port of Tanga, Dar, Mtwara and Zanzibar are all starting to see the light at the end of the tunnel. 30 year ago, most of east African countries used to import most of their manufactured goods from Kenya, but is this still the case today?. Everyone is building their own factories, building their own financial muscle, changing the way they do business. Mombasa will still be there, but the days of dominating are coming to an end. Because as soon you finish fighting with Djibouti on port business, you'll have another fight in your hands, DEMOCRATIC SOMALIA.

 

[Mwanzi1]

You should also remember that gor Chinas one belt one road global initiative ,they chose Mombasa as the only African stop for the transport so actually your SGR as stated by world bank is not viable.

Fresh from the bakery...

Tanzania yaula katika mpango wa biashara wa China | East Africa Television

 

[Mwanzi1]

Mwanzi1, if the world worked in tandem with your analogy then our airports would look like go-downs, all our towers, churches and houses would be box or rectangular behemoths, the new cable stayed bridge at dar would be an everyday overpass like bridge erected on pillars. But no, nothing is as above. That's because as humans, we strive to stand out and thus aesthetics and grandeur tend to be merged with practicality to produce masterpieces. Our train Stations, your new bridge etc are a good example of this

It's one thing to have investment, and another to have a smart investment. All I hear from you is investment, but your not investing in a smart way. If you build a building with 50 years future proof, hopping that in 50 years time, that build will reach its capacity as intended. At the same time your projection might be wrong. Instead of limiting your projection to 25 years, so that you could have a clear picture what will happen in another 25 year, your saying no, I know in 50 years this particular area will have enough people to use the facility. You spend big money and pass the burden of repayment to your future generation. Is that smart investment or is just an investment? I can only think of one thing which has led to that point ...Corruption.

 

[Kafrican]

It's amazing when you think you'll have smooth and plain sailing life all the time. If you say Mombasa port is so efficient, it doesn't mean another country will not reach where Mombasa is today, or even surpass it. Port business always goes with progression of country's economy or even nearby countries economies. For the past 30 years Tanzania struggled to balance it's economy, and guess what, so as Zambia, DRC, Burundi, Rwanda sometimes even Uganda. But the situation is changing, everyone is standing up and focussing on building their economies. The port of Tanga, Dar, Mtwara and Zanzibar are all starting to see the light at the end of the tunnel. 30 year ago, most of east African countries used to import most of their manufactured goods from Kenya, but is this still the case today?. Everyone is building their own factories, building their own financial muscle, changing the way they do business. Mombasa will still be there, but the days of dominating are coming to an end. Because as soon you finish fighting with Djibouti on port business, you'll have another fight in your hands, DEMOCRATIC SOMALIA.

once again simple statistics show otherwise...... for eg. based on projections tanzania has a vision of reaching 28million tonnes of cargo by 2025, kenya current cargo is almost about to reach that number already.... so do your math.

kenya has never had a smooth sailing, and I would be insane to think things will go smoothly... we have however learned to be resilient, so much resilient that sometimes we dont talk about the hardships and challenges to come cause we know we goint to get thru to the next level regardless..
its true that in the past most of east africa used to import manufactured goods from kenya, and that has reduced over the years... but on the other hand, last year we just toppeled Egypt as the number one seller of manifatured goods in the over 20 member Comessa trading block... thats the kind of resilience am talking about, always finding a way to make an even bigger come back...... So as the region grows and each country increases its self reliance, dont think Kenya is just taking it sitting down

 

[Mwanzi1]

once again simple statistics show otherwise...... for eg. based on projections tanzania has a vision of reaching 28million tonnes of cargo by 2025, kenya current cargo is almost about to reach that number already.... so do your math.

kenya has never had a smooth sailing, and I would be insane to think things will go smoothly... we have however learned to be resilient, so much resilient that sometimes we dont talk about the hardships and challenges to come cause we know we goint to get thru to the next level regardless..
its true that in the past most of east africa used to import manufactured goods from kenya, and that has reduced over the years... but on the other hand, last year we just toppeled Egypt as the number one seller of manifatured goods in the over 20 member Comessa trading block... thats the kind of resilience am talking about, always finding a way to make an even bigger come back...... So as the region grows and each country increases its self reliance, dont think Kenya is just taking it sitting down

I'm not sure what was your argument here but no one doubt the resilient of Kenyan people, of course they have to pick themselves up and survive another day. But if you've country like Ethiopia who were not any where near Kenyans league few years back, you cant help it to think the economical dominance of eastern Africa in years to come. Ethiopia is eating Kenyans launch in almost every sector, flower export, manufacturing export, electric generation, transportation, tourism even contraction. They had 5% manufacturing growth rate in 2015 while Kenya only managed 1.9%. Tanzania also is picking up in manufacturing, construction, tourism, transportation, exploration and so on, Tanzania also had 4% manufacturing growth in the same year. These two countries have archive those growth rate without even digging deep or exhaust all the possibilities. Kenya has been a capitalist country for years, v/s socialist countries like Ethiopia and Tanzania whom they're enjoying discipline of its work force, less strike, less mega corruption, less selfishness.

 

[bongo-live]

I'm not sure what was your argument here but no one doubt the resilient of Kenyan people, of course they have to pick themselves up and survive another day. But if you've country like Ethiopia who were not any where near Kenyans league few years back, you cant help it to think the economical dominance of eastern Africa in years to come. Ethiopia is eating Kenyans launch in almost every sector, flower export, manufacturing export, electric generation, transportation, tourism even contraction. They had 5% manufacturing growth rate in 2015 while Kenya only managed 1.9%. Tanzania also is picking up in manufacturing, construction, tourism, transportation, exploration and so on, Tanzania also had 4% manufacturing growth in the same year. These two countries have archive those growth rate without even digging deep or exhaust all the possibilities. Kenya has been a capitalist country for years, v/s socialist countries like Ethiopia and Tanzania whom they're enjoying discipline of its work force, less strike, less mega corruption, less selfishness.

 

[Mwanzi1]

View attachment 459642

Haha, wape baba wapeee....!!!!

 

[Kafrican]

I'm not sure what was your argument here but no one doubt the resilient of Kenyan people, of course they have to pick themselves up and survive another day. But if you've country like Ethiopia who were not any where near Kenyans league few years back, you cant help it to think the economical dominance of eastern Africa in years to come. Ethiopia is eating Kenyans launch in almost every sector, flower export, manufacturing export, electric generation, transportation, tourism even contraction. They had 5% manufacturing growth rate in 2015 while Kenya only managed 1.9%. Tanzania also is picking up in manufacturing, construction, tourism, transportation, exploration and so on, Tanzania also had 4% manufacturing growth in the same year. These two countries have archive those growth rate without even digging deep or exhaust all the possibilities. Kenya has been a capitalist country for years, v/s socialist countries like Ethiopia and Tanzania whom they're enjoying discipline of its work force, less strike, less mega corruption, less selfishness.

While Kenyas manufacturing has almost been stagnant for the last decade.... Only Ethiopia economy has been on our radar... If you don't know ethiopias economy actually briefly supursed Kenya back in 2010 before took back the lead ....then this year 2017 they are expected to do it again.... I doubt if we will be able to catch them in the short term.. But remember Ethiopia is a country of 90million going to 1000, technically speaking they still a poor Country.
Anyway, good for them, but don't compare yourself to Ethiopia..... Kenya economy is led mostly by private sector, the manufacturing base is just to big, even the 1.9% growth you say is very significant itnterms of production ...
And while slow growth is slow growth, Kenya has been putting up a number of measures to create some kind of 2nd mini-revolution in manufacturing
We are 3rd most improved country in the ease of doing business, just about to launch a campagn for EPZs bieng created all over the country once the rail starts working

And by the way, that last sentence there where you boast of strong disciplined workforce with less strike... No wonder Tanzania is always behind... Kenya boasts of some of the strongest workers unions in Africa outside south Africa...... Strong unions result in better pay, better workforce, better oversite of working conditions by management.......

One of the reasons Uganda gave when the worldbank ranked their doctors lower than Kenyan nurses with Tz ranking one point lower than Ug.
Quote....
Kaitiritimba also disputed the allegation that the quality of Ugandan doctors is lower than that of their Kenyan colleagues. She said the only difference is that Kenya has a strong medical associations and the medics are better motivated.

 

[Mwanzi1]

While Kenyas manufacturing has almost been stagnant for the last decade.... Only Ethiopia economy has been on our radar... If you don't know ethiopias economy actually briefly supursed Kenya back in 2010 before took back the lead ....then this year 2017 they are expected to do it again.... I doubt if we will be able to catch them in the short term.. But remember Ethiopia is a country of 90million going to 1000, technically speaking they still a poor Country.
Anyway, good for them, but don't compare yourself to Ethiopia..... Kenya economy is led mostly by private sector, the manufacturing base is just to big, even the 1.9% growth you say is very significant itnterms of production ...
And while slow growth is slow growth, Kenya has been putting up a number of measures to create some kind of 2nd mini-revolution in manufacturing
We are 3rd most improved country in the ease of doing business, just about to launch a campagn for EPZs bieng created all over the country once the rail starts working

And by the way, that last sentence there where you boast of strong disciplined workforce with less strike... No wonder Tanzania is always behind... Kenya boasts of some of the strongest workers unions in Africa outside south Africa...... Strong unions result in better pay, better workforce, better oversite of working conditions by management.......

One of the reasons Uganda gave when the worldbank ranked their doctors lower than Kenyan nurses with Tz ranking one point lower than Ug.
Quote....
Kaitiritimba also disputed the allegation that the quality of Ugandan doctors is lower than that of their Kenyan colleagues. She said the only difference is that Kenya has a strong medical associations and the medics are better motivated.

So in your own words, industrial action is something good, so it's okay for pilots the doctors, the lecturer to strike risking people's lives, or airline making loss or university student loses the number of lectures they're entitled to get.

I always questions economics of Kenyans here in JF, you're coming from capitalist country, of all the people you should know when there is no growth, there is no capitalism. The trouble with Kenya industrial stagnation, comes down to technology, majority of manufacturing facilities Kenya haven't been upgraded since 1980s. Compare that to news Industries springing in Uganda, Ethiopia, Tanzania on daily basis. Most of these industries apply a relatively more modern machineries with new technology. As I said on previous post, all these countries haven't even developed their own internal consumption market, and they're playing in Kenyan lawn like there is no tomorrow. By 2020 Tanzania population will pass 60 million, Ethiopia 100 million , DRC 100 million, all these countries haven't develop theirs own health industry, mortgage industry, transport industry, education industry, food industry and so on. Kenya had 50 years of development in all those industries but yet, county's like Ethiopia Tanzania are catching with Kenya with relatively minor efforts.

 

[Kafrican]

So in your own words, industrial action is something good, so it's okay for pilots the doctors, the lecturer to strike risking people's lives, or airline making loss or university student loses the number of lectures they're entitled to get.

I always questions economics of Kenyans here in JF, you're coming from capitalist country, of all the people you should know when there is no growth, there is no capitalism. The trouble with Kenya industrial stagnation, comes down to technology, majority of manufacturing facilities Kenya haven't been upgraded since 1980s. Compare that to news Industries springing in Uganda, Ethiopia, Tanzania on daily basis. Most of these industries apply a relatively more modern machineries with new technology. As I said on previous post, all these countries haven't even developed their own internal consumption market, and they're playing in Kenyan lawn like there is no tomorrow. By 2020 Tanzania population will pass 60 million, Ethiopia 100 million , DRC 100 million, all these countries haven't develop theirs own health industry, mortgage industry, transport industry, education industry, food industry and so on. Kenya had 50 years of development in all those industries but yet, county's like Ethiopia Tanzania are catching with Kenya with relatively minor efforts.

Yes, In my own words having strong labour unions (that are not afraid to call industrial action ) is good for everyone in the long run..... it leads to better pay, better working condition...etc ..having weak labour unions only leads to low minimum wage, less motivated workforce, poor quality products and bad service from those companies..

din't we just managed to be only country where dolla millionairs increased (by 200 in 2016) .... what happened in the 70s and 80s happened then... there was a period where we had a growth rate of less than 3 for like a decade.....some managed to strive through but when you look at most big companies that are making profits, they are relatively new, the safaricoms,Equity,cement plants like NRM,new hotels....

Kenya is about to experience a 2nd comming ( i Tz is going thru these thinhs for the first time) .......

The annual Wealth Report published by Citi Private Bank and global real estate managers Knight Frank, has come up with startling findings in its property section. Luxury homes in Nairobi and the Kenyan coast (Mombasa, Malindi and Lamu) were the best-performing prime residential property markets in the world. Compared to other well-known global locales, Nairobi and the Kenyan coastal towns experienced the highest rise in property prices in 2011 globally.
According to Knight Frank’s tracking Prime International Residential Index (PIRI), out of the 71 best prime residential property locations surveyed, the Kenyan capital, Nairobi recorded the highest growth with a 25% increase for high-end residential properties. The Kenyan coastal resort towns came second with a 20% increase.
The report illustrates that the performance of the Kenyan real estate sector has helped debunk the myth that all safe haven locations are in the Western world.
“The startling performance at the top end of Kenya’s housing market is a particularly interesting example of this,” the report says. “Price growth in both the Kenyan capital Nairobi and the country’s Indian Ocean coastal hot spots outstripped all other PIRI locations, with Nairobi chalking up a 25% increase last year.”
Miami came third at 19.1% in the survey followed by Bali (15%), Jakarta (14.3%), London (12.1%), Vancouver (10.4%), Moscow (9.8%), Toronto (8.5%) and Beijing (8.1%) in the top-10 positions. Cape Town, the only other African city to feature in the PIRI index, came in 21st position with a 2.4% increase.
These findings have come just when Kenyan realtors and financiers were predicting slow growth in the sector owing to high interest rates, a weak shilling and the forthcoming Kenyan general elections. However the story emerging from the real estate sector tells a different story from that anticipated by the industry players.
----- Kenya has been maintaining these growth since then

2017/18 is the year that Kenyas 2nd economic revolution starts, this is thhe year when power production will explode,

...anyways, its pointless trying to convince you, lets just wait n see, hapa hapa ndo tutakutana, with the I told you so

 

[Mwanzi1]

Yes, In my own words having strong labour unions (that are not afraid to call industrial action ) is good for everyone in the long run..... it leads to better pay, better working condition...etc ..having weak labour unions only leads to low minimum wage, less motivated workforce, poor quality products and bad service from those companies..

din't we just managed to be only country where dolla millionairs increased (by 200 in 2016) .... what happened in the 70s and 80s happened then... there was a period where we had a growth rate of less than 3 for like a decade.....some managed to strive through but when you look at most big companies that are making profits, they are relatively new, the safaricoms,Equity,cement plants like NRM,new hotels....

Kenya is about to experience a 2nd comming ( i Tz is going thru these thinhs for the first time) .......

The annual Wealth Report published by Citi Private Bank and global real estate managers Knight Frank, has come up with startling findings in its property section. Luxury homes in Nairobi and the Kenyan coast (Mombasa, Malindi and Lamu) were the best-performing prime residential property markets in the world. Compared to other well-known global locales, Nairobi and the Kenyan coastal towns experienced the highest rise in property prices in 2011 globally.
According to Knight Frank’s tracking Prime International Residential Index (PIRI), out of the 71 best prime residential property locations surveyed, the Kenyan capital, Nairobi recorded the highest growth with a 25% increase for high-end residential properties. The Kenyan coastal resort towns came second with a 20% increase.
The report illustrates that the performance of the Kenyan real estate sector has helped debunk the myth that all safe haven locations are in the Western world.
“The startling performance at the top end of Kenya’s housing market is a particularly interesting example of this,” the report says. “Price growth in both the Kenyan capital Nairobi and the country’s Indian Ocean coastal hot spots outstripped all other PIRI locations, with Nairobi chalking up a 25% increase last year.”
Miami came third at 19.1% in the survey followed by Bali (15%), Jakarta (14.3%), London (12.1%), Vancouver (10.4%), Moscow (9.8%), Toronto (8.5%) and Beijing (8.1%) in the top-10 positions. Cape Town, the only other African city to feature in the PIRI index, came in 21st position with a 2.4% increase.
These findings have come just when Kenyan realtors and financiers were predicting slow growth in the sector owing to high interest rates, a weak shilling and the forthcoming Kenyan general elections. However the story emerging from the real estate sector tells a different story from that anticipated by the industry players.
----- Kenya has been maintaining these growth since then

2017/18 is the year that Kenyas 2nd economic revolution starts, this is thhe year when power production will explode,

...anyways, its pointless trying to convince you, lets just wait n see, hapa hapa ndo tutakutana, with the I told you so

You need to convincing me, just convince yourself that you're doing well while the one who is doing well is foreign investor who is rushing in to grab land and proprietaries with money they couldn't spend elsewhere with this global economy slowdown. Go to London, go to New York, go to Paris ask who is the biggest proprietary buyers, they will tell you Russians or Chinese. A young 30 years old college graduate in American or Britain can't afford to have enough deposit to put down as down payment into the mortgage. And here you are, boosting that you're doing really well and majority of young Kenyans are benefitting on housing bubble, pleseeeeeees.....

We've just shown you the numbers of youth unemployment in Kenya, are you telling us that you'll have economic prosperity if you're not investing into your own people?, I very doubt that. The only people who will benefit out of Kenyan drive is investors. In fact, that is nothing new on capitalist country, once you're poor you die, is as simple as that.

Yeah right, industrial action is good? Is it good for the economy too? Those are two things which they don't go hand in hand at any given time. China and India managed to get where they are taking advantage of series of stubborn work force of the west plus lower wages and lower production cost. And your doing the right thing, anyway your only looking at this in single dimensional.

As I said it before you don't have to convince me, convince yourself that there more player in the field like never before..

 

[Kafrican]

You need to convincing me, just convince yourself that you're doing well while the one who is doing well is foreign investor who is rushing in to grab land and proprietaries with money they couldn't spend elsewhere with this global economy slowdown. Go to London, go to New York, go to Paris ask who is the biggest proprietary buyers, they will tell you Russians or Chinese. A young 30 years old college graduate in American or Britain can't afford to have enough deposit to put down as down payment into the mortgage. And here you are, boosting that you're doing really well and majority of young Kenyans are benefitting on housing bubble, pleseeeeeees.....

We've just shown you the numbers of youth unemployment in Kenya, are you telling us that you'll have economic prosperity if you're not investing into your own people?, I very doubt that. The only people who will benefit out of Kenyan drive is investors. In fact, that is nothing new on capitalist country, once you're poor you die, is as simple as that.

Yeah right, industrial action is good? Is it good for the economy too? Those are two things which they don't go hand in hand at any given time. China and India managed to get where they are taking advantage of series of stubborn work force of the west plus lower wages and lower production cost. And your doing the right thing, anyway your only looking at this in single dimensional.

As I said it before you don't have to convince me, convince yourself that there more player in the field like never before..

Oh so now the Russians and chinies are buying Kenyan houses too??? Hahaha socialism must be a religion

I guess the Russians have recovered from the oil prices slow down since their industries are virtually dead(exept for oil and minerals, and arms) and I guess the chinies have filled up their ghosts cities and are not just merely running to western countries where life is better, where their are rights and regulations and consumer protections

 

[Mwanzi1]

Oh so now the Russians and chinies are buying Kenyan houses too??? Hahaha socialism must be a religion

I guess the Russians have recovered from the oil prices slow down since their industries are virtually dead(exept for oil and minerals, and arms) and I guess the chinies have filled up their ghosts cities and are not just merely running to western countries where life is better, where their are rights and regulations and consumer protections

Reading from your post it shows world economical is not your strongest subject. China generation one billionaire every week, Russia every two month and you only see what the west is finding you. Russians is position it self to become global super power, with space industry is booming like never before, power generation technology, nuclear technology, military even food production (wheat) is on the rise.
China is trying to own global transportation network, dominating manufacturing with massive domestic consumers market, telecommunication let alone space program. And you think they're running to the west so that they can enjoy rules of law wow that is shocking. Middle and low class do that but not billionaires, they come to country like Kenya throwing their weight around and build business park or buy few apartment blocks living it behind for people like Kafrican making sure no other Kenyan will enjoy the freedom of their own country.

 

[Kafrican]

Reading from your post it shows world economical is not your strongest subject. China generation one billionaire every week, Russia every two month and you only see what the west is finding you. Russians is position it self to become global super power, with space industry is booming like never before, power generation technology, nuclear technology, military even food production (wheat) is on the rise.
China is trying to own global transportation network, dominating manufacturing with massive domestic consumers market, telecommunication let alone space program. And you think they're running to the west so that they can enjoy rules of law wow that is shocking. Middle and low class do that but not billionaires, they come to country like Kenya throwing their weight around and build business park or buy few apartment blocks living it behind for people like Kafrican making sure no other Kenyan will enjoy the freedom of their own country.

Am talking about Kenya bieng the only country in AFRICA where dollar millionaires were rising constantly each year.. Kenya only country in Africa where dollar-millionaires increased last year
In the previous year before that, they had increased by 400 individuals


Your argument about Russians and Chinese might be true somewhere else in Uk or whatever but does not hold water in the Kenyan situation, you are desperately fetching too far.eti Russians and chinies are the ones buying properties in Kenya!

 

[Mkaruka]

The diffrence btw kenya and the other two countries is clear as day ..land ...kenyan land is not owned by the government so it has to be bought.

Exactly, And Adding An Insult To The Injury, There Must Be Some Dirty Deals As You Know Almost The Whole Kenyan Land Is Owned By Powerful Politicians.

Anyways I Credit Kenyans For Their Patriotism And Hardwork When It Comes To Kenya As A Nation

 

[Mwanzi1]

Am talking about Kenya bieng the only country in AFRICA where dollar millionaires were rising constantly each year.. Kenya only country in Africa where dollar-millionaires increased last year
In the previous year before that, they had increased by 400 individuals


Your argument about Russians and Chinese might be true somewhere else in Uk or whatever but does not hold water in the Kenyan situation, you are desperately fetching too far.eti Russians and chinies are the ones buying properties in Kenya!

You just prove to me you're not comfortable with wide and depth discussions, you like to stick with local area, the area you're familiar with. Okay let's talk about Kenya, with all those dollar millionaires, and as you said it before, Kenya is a country driven by private sector, how come those millionaires are not creating enough jobs to lift the lives of Kenyans? Even if Kenya is creating more dollar millionaires, but it's still miles away from other big wing African countries. Besides, if you dug a little bit deeper, you'll realise Tanzania was holding the trophy a years before.

Tanzania takes lead in minting millionaires

 

[Kafrican]

You just prove to me you're not comfortable with wide and depth discussions, you like to stick with local area, the area you're familiar with. Okay let's talk about Kenya, with all those dollar millionaires, and as you said it before, Kenya is a country driven by private sector, how come those millionaires are not creating enough jobs to lift the lives of Kenyans? Even if Kenya is creating more dollar millionaires, but it's still miles away from other big wing African countries.
Besides, if you dug a little bit deeper, you'll realise Tanzania was holding the trophy a years before.

Tanzania takes lead in minting millionaires

We are talking about Africa-eastAfrica-kenyaNTanzania here, unlike you I don't like hoping on a new discussion topic evertime I see am being conered in one direction, everything I've mentioned that is outside Africa has been so I can relate to a point am making about right here locally, now if you wan to leave that so we can start talking about Russia and China, on their own merit, I sujjest you start a discussion thread.....

Now on the link you have provided, it seems to contradict all you have just said.....
Kenya is miles away from big wing African countries..... Quote from the article...
On the scale of absolute numbers, Kenya is up there, mixing it up with Africa’s big boys, coming fourth after South Africa (48,700), Egypt (22,800) and Nigeria (15,700).
---------


So what trophy is that you are holding, you were leading in % increase, not absolute numbers, and you were leading in that because you are coming from a lower base, if you add 20 millionaires, that's like a 30% increase..... While Kenya adding 400 millionaires is counted like only a 4% increase from the previous year....
From the same article......
Tanzania’s faster acceleration must be understood in the context of a country that is coming from a low base.
-----


But even with the growth rate Tanzania will still have less by 2030, as evidenced by the projections quoted from the same article.........

In its projections for 2030, the report does not foresee a major change in the continental rankings when it comes to the number of millionaires per country, though Nigeria is expected to overtake Egypt, with South Africa expected to be still on top of the heap.


Closer home, Kenya is expected to have 21,200 dollar millionaires, compared with Tanzania’s 15,200.

-----)
So in conclusion, you have never and will never be holding that trophy anytime soon...

As for the unemployment rate..... We can talk all day about our local industries in our respective countries, but at the end of the day what those industries employ are only a small fraction of the working population...what employed most of our populations are largely agriculture based employement, and as you can guess Tanzania, Uganda, Rwanda are endowed with plenty of water resources and arable land, meaning outside your house you could start planting today unlike Kenya where you have half the country only who have been raised there whole life and have never seen a shamba full of green maize (although its their staple food) .......
But don't worry about our unemployment, once county governments get the hang of it, they will be scrambling to get qualified people to employ... Esp in new areas such as IT,ecommerce, construction...not to forget the epz and industrial cities that in the process of being set up in like every county

 

[Mwanzi1]

We are talking about Africa-eastAfrica-kenyaNTanzania here, unlike you I don't like hoping on a new discussion topic evertime I see am being conered in one direction, everything I've mentioned that is outside Africa has been so I can relate to a point am making about right here locally, now if you wan to leave that so we can start talking about Russia and China, I sujjest you start a discussion thread.....

Now on the link you have provided, it seems to contradict all you have just said.....
Kenya is miles away from big wing African countries..... Quote from the article...

Again, you didn't answer any question I asked, you only flip flop around the questions and here you're again nothing to answer, nothing to discuss. Was I talking about Chinese and Russians again? I don't think so. Even African big wing you didn't understand, you need to take yourself out of the swamp before it's too late.

Let me ask you another question and I hope you'll answer me this time, ….does Kenya millionaires creation goes hand in hand with trickle down wealth redistribution? Or it's only favouring the few and leaving millions of people with nothing.