What many kenyans dont understand is that TZ has Zambia, Congo, zimbabwe, Uganda, Rwanda, Burundi as captive market for its ports.
Once the infrastructure is up and running there will be no competition with Tz
Ethiopia and SS have shifted to Eritrea and Port sudan which is closer to them. KE has only uganda as a captive nation..An poor economy that is 1/3 of Tz economy..And to make matters worse, Tz Rail is 3 years away from reaching UG boarder.[emoji23][emoji23][emoji23] those are poor states man! Kenya has Ethiopia & Sudan both very profitable plus Mombasa is the Most strategic port infact almost all commercial international ships dock in Mombasa due to its strategic position.
Port business not exports boss..Tanzania has a large landlocked clientele that they can milk if they upgrade their infrastructure.
NB: Zambia is officially a slave of China and will import everything from china going forward..Good business for Dar and Bagamoyo
No one is willing to lend nor build infrastructure that will default and the courts will be held in the defaulting country. Say bye bye to all your "mega" projects..So you think that Tz is sleeping and not expanding its ports and infrastructure? Hahaha Mtashangaa sana, Tz ya sasa si ya kikwete na mkapa
you know nothing other than bile... JPM is taking TZ to the dogs we can bet on that.. he is even afraid of Acacia mining fearing another TanescoSo you are proud of corruption?
Tell me: which part of the economy is growing?
Tourism? No- Everything is shifting to Tz and revenues are maxed out at $1.2bn
Coffee? No- the production is now 40% of the heydays of 1980's
Hoticulture? No- The decision to upgrade kenya to MIC came with steep EU trade tarrifs. Sher karuturi closed, Oserian flower farm declined.
Finance and banking? No- Rate cap has killed the industry
Mining? No- Nothing significant.
Current Growth is fueled by public spending on infrastructure using borrowed money..This is Not Growth its Just Leverage for which paying back is now hurting poor kenyans with hiked taxes
talk about neverEthiopia and SS have shifted to Eritrea and Port sudan which is closer to them. KE has only uganda as a captive nation..An poor economy that is 1/3 of Tz economy..And to make matters worse, Tz Rail is 3 years away from reaching UG boarder.
So you are proud of corruption?
Tell me: which part of the economy is growing?
Tourism? No- Everything is shifting to Tz and revenues are maxed out at $1.2bn
Coffee? No- the production is now 40% of the heydays of 1980's
Hoticulture? No- The decision to upgrade kenya to MIC came with steep EU trade tarrifs. Sher karuturi closed, Oserian flower farm declined.
Finance and banking? No- Rate cap has killed the industry
Mining? No- Nothing significant.
Current Growth is fueled by public spending on infrastructure using borrowed money..This is Not Growth its Just Leverage for which paying back is now hurting poor kenyans with hiked taxes
Fact No 1: Mombasa port is double of what Dar port is.So you think that Tz is sleeping and not expanding its ports and infrastructure? Hahaha Mtashangaa sana, Tz ya sasa si ya kikwete na mkapa
Boss, Bigness of a port is of no consequence..That why I talked of Upgrade of infrastructure and systems to enhance delivery..Fact No 1: Mombasa port is double of what Dar port is.
Fact no 2: The expansion of Dar port aims to enhance the ports capacity to 28 million tonnes by the year 2020. Mombasa port handled 30 Million tonnes last year 2017!
3. Mombasa Port development of phase 2 (out of 3) which will be completed in 2021, will increase the ports capacity to 40 Million tonnes.
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Inshort, Dar and Tanzanian ports in General have nothing on Mombasa port. Mombasa port is bigger now and even with the expansion plans going around in Sudan, Djibouti, Somali, Tz, Mozambique they still dont outdo the expansion plans of Mombasa port guranteeing Mombasa will still be King 30 years from now..... Yes even when you include Bagamoyo port in the Mix, if completed, it will be the biggest port in the region but when you combine Dar+Bagamoyo vs Lamu+Mombasa, the Kenyans ports combined capacities will be bigger.... What most people who havent read the masterplan havent realised is that Mombasa port expansions will actually make it bigger than Lamu port in 2030, their combined capacity will be unmatched!
Tell us what has been growing? Which sectorReally? Zero growth in any sector at all in any of Kenya? You're kidding.
Which Ethiopia? Eritrea n Djiboti has Ethiopia. Sudan (Port Sudan) has South Sudan. Kenya has Kismayo 😅![emoji23][emoji23][emoji23] those are poor states man! Kenya has Ethiopia & Sudan both very profitable plus Mombasa is the Most strategic port infact almost all commercial international ships dock in Mombasa due to its strategic position.
Kenya is doing all of that too,Boss, Bigness of a port is of no consequence..That why I talked of Upgrade of infrastructure and systems to enhance delivery..
If the cargo evacuation logistics and roads/rails get upgraded..All the great lakes region will use Tz ports
Kenya already has good infrastructure .The port business will only get more competitive when Tz ups its game..Especially now with their cheap electric train and generaly cheap everythingKenya is doing all of that too,
Oh no! Nothing is growing really? Have u checked the latest gdp growth figures- in the previous quarter? It grew by 6.2%. And the ever increasing gap in terms of size and quality btwn these two countries' economies suggests that things are really happening in Kenya.Tell us what has been growing? Which sector
Boss, Bigness of a port is of no consequence..That why I talked of Upgrade of infrastructure and systems to enhance delivery..
If the cargo evacuation logistics and roads/rails get upgraded..All the great lakes region will use Tz ports
Which Sector is growing? Name 1 as an exampleOh no! Nothing is growing really? Have u checked the latest gdp growth figures- in the previous quarter? It grew by 6.2%. And the ever increasing gap in terms of size and quality btwn these two countries' economies suggests that things are really happening in Kenya.
Kenya's economy is ticking just fine, contrary to ye haters evil wishes, and to your utter dissapointment!
And that bigness suggests what???
Hats off [emoji119]Which Sector is growing? Name 1 as an example
Even the so famed Real Estate is now on decline, Malls are empty, Huge office blocks empty..Houses that were fetching ksh 8m are now 5m.No one can afford mortagages and those that have are defaulting
Remember this:
TZ Gdp 2017 $52bn
KE Gdp 2017 $74bn
The difference is only $22bn..Bearing in mind that kenya has now borrowed $56bn while Tz has only borrowed $16bn..
Kenya is ahead because it has borrowed $40b more than Tz, This is what is driving the growth which is actually not growth but leverage. Dont be cheated by Q1 "Growth" when in actual fact kenya took a new $2bn Eurobond in 2018 Q1
err, Djibouti port is even much closer to Addis, and they already have an electric rail and road connection, and yet Ethiopia is still looking for other routes.Ethiopia and SS have shifted to Eritrea and Port sudan which is closer to them. KE has only uganda as a captive nation..An poor economy that is 1/3 of Tz economy..And to make matters worse, Tz Rail is 3 years away from reaching UG boarder.
Am shocked to read from you that actual construction of Tz SGR is not happening.Being mentaly in denial wount stop the work. We have seen it before here in JF kenyans denying that Tz is buying planes, but that has not stopped them from now flying to Mumbai.err, Djibouti port is even much closer to Addis, and they already have an electric rail and road connection, and yet Ethiopia is still looking for other routes.
the distance between Eritrea and Addis is 1,230km, the distance from Lamu to Addis is Around 1,400km, relatively speaking, that distance is negligible, Not to forget the border region between Eritrea and Ethiopia is so mountainous that non of the two countries dared to invade the other because they knew it was a logistical nightmare, there is a 600m steep climb in altitude, any infrastructure project to create a seamless connection will be more costly...
On the other hand, The $1B Addis Isiolo highway will be complete next year, The s.sudan kenya highway too is also under construction
And why are you comparing the economies of UG vs Tz???? in this argument, Tz is not in the same category as UG, compare TZ with Kenya because they both have access to the sea, Uganda is a transit destination, just like Rwanda..... For tz rail to get to Ug border, it will have to go through Rwanda, Burundi..... No one knows when that will happen, Tz keeps ground breaking and awarding tenders but as long as actual construction hasnt started yet, its all just paper castles, and dont also forget, to get to the Ugandan border is just the first step, Uganda then has to construct the rail from the border to the big cities...when and if that happens is unknown variable too.
Also, here is Ethiopia rail masterplan - you will notice both the rail link to Kenya is in phase two, the rail ling to Eritrea doesnt get to the border