SkyscraperCity banner

61 - 77 of 77 Posts

·
Registered
Joined
·
469 Posts
i think kenyans are more worried about ethiopia than ug. but all in all we need to increase trade ties between kenya and uganda since the two economies are dependent on each other.
 

·
Registered
Joined
·
1 Posts
is uganda overtaking kenya as an economic hub?

Actually when i see this topic i wonder, it is like 2 baby twins fighting to kill each other without a clear cause and agenda. I for one, i do support the topic and strongly oppose it in equal measures because when you analyze the economic developments of two countries in 1960s, Uganda was ahead of Kenya, so if Uganda uses the same/better strategies like it used before it can surpass Kenya.
But however I oppose it in equal measures because when Uganda also fails to get lucid strategies, it might fail to catch up with Kenya.
But as per now Kenya is slightly ahead and Uganda is running faster than before to catch up
Of recent Uganda discovered oil, with so far the exploration of only 40% of the Albertine graben region with a succession rate of 80% in exploration area, it has already discovered 6.5 billion barrels of oil making it the 4th biggest in Africa.
As someone said earlier that Saudi Arabia was bigger than UAE, but after the discovery of oil, UAE is now bigger.so Uganda may be bigger than Kenya in the nearby future, though not in 5 years
But still if oil in Uganda becomes an African curse, as it has been else where, it will not help much to reach Kenya
But anyway does it really matter so much for one to be so much ahead of the other? I think we are brothers and sisters who should work for a common goal of development in the east African region and Africa at large as we are still third world countries.
We are a family, the geographical boundaries which were created but colonialists are precisely artificial, that is why we have Okellos, kiprotichs, kiplagats, onyangos in Uganda and Kenya.
E.g. I want to buy a land in mlolongo-nairobi, because I feel almost home when am in Kenya and on top of having very many Kenyan friends in Uganda and Kenya
 

·
Registered
Joined
·
448 Posts
i think kenyans are more worried about ethiopia than ug. but all in all we need to increase trade ties between kenya and uganda since the two economies are dependent on each other.
Kenya has the most vibrant economy among its east Africa countries,our private sector is the envy of everyone. our leadership in government may be dull but the private sector is the engine of our growth
 

·
Registered
Joined
·
1,290 Posts
It is a possibility, don't see why not

Uganda is already actively the military power of the EAC club ( Ken , Tan , RW , Buru)

It has a political influence across borders, it is the main state calling for an EAC federal nation

Museveni is known all across Africa, possible 50k oil production a day by end of the decade....

things looking good for Uanda,


but still would be a surprise to be the economic powerhub of the east within next 20 years
 

·
Registered
Joined
·
1,327 Posts
^^ So you're saying it's possible for Uganda to triple its GDP in one year coz of PEV? Kenya grew by 1.5% in 2008 and Uganda by 5% (and not 300% :nuts:)
 

·
Registered
Joined
·
550 Posts
^^ So you're saying it's possible for Uganda to triple its GDP in one year coz of PEV? Kenya grew by 1.5% in 2008 and Uganda by 5% (and not 300% :nuts:)
No. That is not my point. My point was refuting the statement by gidlema that Uganda will never overtake Kenya whether that is economically or socially. In one year it is not possible, over time it is.
 

·
Registered
Joined
·
1,327 Posts
Over time ofcourse. But that will mean kenyas economy having a recession over a long period while Uganda grows at a very high rate. Very unlikely. Ethiopia on the other hand will probably do so in the next 2 years
 

·
thenairobidude
Joined
·
3,511 Posts
Nominal too. By PPP happened about 5 years ago or earlier if I'm not mistaken.

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
Dude all those lists except the IMF show that Kenya is ahead and the IMF list isnt updated it shows 2015 figures for Ethiopia but like 2013-2014 figures for Kenya.

Here's are the actual numbers from IMF with projections past 2016

Kenya

Kenya | IMF

2015: US$ 63.121 billion
2016: US$ 68.866 billion
2017: US$ 76.758 billion
2018: US$ 85.263 billion

Ethiopia

Ethiopia | IMF

2015: US$ 61.629 billion
2016: US$ 67.435 billion
2017: US$ 74.084 billion
2018: US$ 80.711 billion

So yeah. And I've looked at Kenya's wikipedia page it shows US$ 63.121 billion which is the figure for 2015. Ethiopia has US$ 67.435 billion the figure for 2016 but I cant update Kenya's page to the 2016 figure because the year isnt over. The editors on Ethiopia's page shouldnt have put 2016 figures.
 

·
thenairobidude
Joined
·
3,511 Posts
So the same organisation has contradicting reports.

Anyway u win.

I've never seen someone fight so hard for a country that isnt theirs. Good job man.

And in any case with a bigger population Ethiopia can do way better. And the gap will get bigger as we head into the 2020s. In the long run even Tanzania which also has a higher population will catch up and likely surpass us first with PPP then Nominal.

Same case as Nigeria and Egypt surpassing SA to become the 1st and 2nd largest economies on the continent.

Kenya needs to start boosting its population the country isnt densely populated at all.
 
61 - 77 of 77 Posts
Top