Mihr Thakar @mihrthakar Channel on Telegram

Mihr Thakar

@mihrthakar

Macro, finance, politics & business.

Mihr Thakar (English)

Welcome to Mihr Thakar - a Telegram channel dedicated to spreading positivity and inspiration in your daily life. Our channel's username is @mihrthakar, and we are here to uplift your spirits and motivate you to achieve your goals. Who is Mihr Thakar? Mihr Thakar is a renowned motivational speaker and life coach who has helped countless individuals unlock their true potential and live their best life. What is Mihr Thakar? Mihr Thakar is a platform where you can find daily motivational quotes, inspiring stories, and practical tips to help you navigate life's challenges with confidence and grace. Join our channel today and start your journey towards a happier, more fulfilling life. Let Mihr Thakar be your guide to success and happiness!

Mihr Thakar

09 Feb, 07:23

The slowdown in poverty reduction since the mid-2010s tracks closely with slower GDP growth in the African region—including an extended period of negative per capita growth.

Large economies in the region—particularly those that are resource rich—saw growth fall substantially in the 2010s.

World Bank (2019) finds that 21 countries in the region, accounting for 64 percent of Africa’s GDP and 42 percent of the region’s population, experienced a slippage in performance.
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Mihr Thakar

09 Feb, 07:16

The most prevalent shock affecting households across Nigeria is the price increase on major food items. 71% of households report facing this shock.

The main reported coping mechanism was reducing food consumption.

- Nigeria General Household Survey-Panel (Wave 5) 2023/2024
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Mihr Thakar

03 Feb, 04:02

This fiscal year, the government will be spending Kshs. 1.2372 TRILLION on interest and pensions, up from Kshs. 837.3 billion in FY22/23, up a whopping 48%.
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Mihr Thakar

03 Feb, 03:55

GDP growth has slowed for four consecutive quarters, even as private sector credit growth hits a 20 year low (worse than the interest rate cap managed to do).

Source: ICEA LION Asset Management
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Mihr Thakar

31 Jan, 08:50

Kenya Power's HY24/25 results reflect an improvement in margins and organic revenue growth.
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Mihr Thakar

27 Jan, 18:17

Extreme poverty ranges from negligible rates in high-income and upper-middle-income countries (such as Mauritius and the Seychelles) to more than 70% in low-income or conflict-affected countries, such as the Democratic Republic of Congo, Madagascar, Mozambique, Malawi, and South Sudan.

A few large countries account
for a sizable share of the extremely poor population in the region, with nearly 1 in 3 of those living in extreme poverty in the region residing in Africa’s two most populous countries—the Democratic Republic of Congo and Nigeria.
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Mihr Thakar

27 Jan, 18:11

Approximately one in two Nigerian households reports having access to electricity.

The national average is 53.6%, with a remarkable contrast between urban (82.2%) and rural households (40.4%).

The Power Holding Company of Nigeria/Nigerian Electric Power Authority (PHCN/NEPA) is the dominant source of electricity nationwide, with an average coverage of 88.2% of the households with access to electricity.

On average, a Nigerian household experiences electricity blackouts 6.7 times per week. Each outage lasts 12.0 hours on average, leading to a total 67.2 hours of blackouts over seven days.
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Mihr Thakar

26 Jan, 13:09

Here's how much you would have if you invested Kshs. 1 million into various stocks exactly one year ago.

Notably, you would have turned Kshs. 1 million in Kshs. 5 million on the Kenya Power counter.
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Mihr Thakar

24 Jan, 05:28

The US has more rigs than anywhere else in the world, accounting for a third of world rig count and higher than OPEC.
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Mihr Thakar

24 Jan, 05:17

Only 54.0% of people in Nigeria’s rural area are literate.

Nationwide, 60.9% of individuals ages five years and above possess literacy
skills. However, a noticeable gender gap in literacy rates emerges from the age of 20 onward.

- Nigerian National Bureau of Statistics
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Mihr Thakar

11 Jan, 05:44

Africa as a region stands out for its high level of income inequality. Nearly half (22 of 45) of the countries in Africa with inequality data have a Gini index higher than 40 and are thus classified as being highly unequal.

The region is second only to Latin America & the Caribbean.
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Mihr Thakar

11 Jan, 05:37

According to the latest Nigeria General Household Survey, only 6.7% of Nigerians aged 65+ have a birth certificate.

Notably, life expectancy is 53.63 years (2022).
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Mihr Thakar

10 Jan, 05:36

Only 0.18% of students attained an A grade in the 2024 KCSE Exam Results.

The most common grade was D, which was scored by 153,334 students.

73.83% of students scored C grade and below.

Universities generally require a C+ and above as an entry requirement.
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Mihr Thakar

23 Dec, 17:05

Between 2011 and 2023, Kenya Power's electricity units sold increased by 64%, while operating profit surged by 171%, highlighting how finance costs are solely responsible for its financial challenges.
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Mihr Thakar

15 Dec, 12:34

Korea’s transition from low to high-income was fueled by investments in human capital, industrialization, and innovation. Post-1997, Korea shifted to market-led growth, supporting SMEs and tech. By prioritizing R&D and digital adoption, Korea became a tech leader.

Low-income and middle income countries can learn by focusing on manufacturing development and digital adoption to boost productivity and integrate into global value chains.
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Mihr Thakar

15 Dec, 12:31

Since the pandemic began, multilateral lenders have become the key financial support for low- and middle-income countries (LMICs) as private lending slowed.

The World Bank and IMF’s combined long-term debt stock to LMICs rose 63.1%—over 9 times the growth of private lending.

Debt owed to the World Bank (IBRD and IDA) reached $421.8 billion in 2023, 34% of all multilateral debt​.
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Mihr Thakar

08 Dec, 09:52

The rising China-Latin America trade, now at $489.1 billion, could be seen as a threat to the USA due to increased economic influence in its backyard, potentially undermining U.S. economic and political leverage in the region.
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Mihr Thakar

08 Dec, 09:31

Where is it cheaper and greener to drive electric cars?

What makes driving EVs cheaper

They use electricity, which can cost much less than petrol. EVs are also more efficient, needing less energy to cover the same distance as petrol cars. Some governments offer tax breaks and other incentives, making EVs even more affordable.

Norway is the best for EVs. 98% of its energy comes from renewables, slashing costs and emissions. In 2023, 83% of new cars sold were electric.

Countries like China rely on coal, so EVs there cut emissions less. High electricity costs in Europe, like in Britain and Germany, also mean EVs save less money. Others, like Paraguay, lack the charging stations to boost adoption.
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Mihr Thakar

06 Dec, 04:22

"41.8 percent of Nigeria's population is under the age of 15, and only 4.9 percent is 65 years old or older. The working-age group (ages 15 to 64 years) makes up 53.3 percent of the population." - National Bureau of Statistics, Nigeria
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Mihr Thakar

06 Dec, 04:09

Trucking rates vary significantly across countries. They are higher in isolated and conflict-ridden locations, such as Somalia, where they range from $0.14 to $0.56 per ton-kilometer (ton-km)—well above international benchmarks for low- and middle-income countries.
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Mihr Thakar

13 Nov, 10:33

Developing regions borrow at rates that are 2 to 4 times higher than those of the United States and 6 to 12 times higher than those of Germany.

Borrowing costs increase the resources needed to pay creditors, making it difficult for developing countries to finance investments.
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Mihr Thakar

13 Nov, 10:33

An Increase in Cybersecurity Threats In Kenya.

During the three-month period between April and June 2024 1.1 billion cyber threat events were detected, which represented a 16.50% increase from the previous period (January to March).

During the three month period April to June 2024, 99,294 mobile application attack attempts were detected targeting end-user devices. This represented a 42.01% decrease from the previous period, January to March 2024.

During the period, the perpetrators of mobile application attacks mainly sought to steal sensitive user data such as personally identifiable information, login credentials and financial details for malicious purposes.
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Mihr Thakar

12 Nov, 10:49

It takes significantly longer to move goods within poorer countries.

Shippers care not only about the transport price but also about the transport time and reliability, which affect inventory and hedging costs.
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Mihr Thakar

12 Nov, 10:35

Firms in the industrial sector cite
the need for technical skills.

There is still much room for Kenya to catch up with top performers such as the Philippines and Malaysia, whose shares of science and engineering graduates among those completing tertiary education are almost double that of Kenya.
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Mihr Thakar

23 Oct, 11:13

Tonight at 7pm on X Spaces. Set your reminder here: https://x.com/i/spaces/1mnGeAWlyOZGX
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Mihr Thakar

20 Oct, 05:32

Nationally, 1.5% of employed Nigerians spent as little as 1-9 hours, and 46.8% spent Above 48 hours at work.

This trend was observed among
both male and female workers in the country.

Typically, the combined proportion of Nigerians that worked between 1-9 hours (1.5%) weekly in the last 12 months and 4.8% that worked between 10-19 hours, was significantly low when compared to those that worked for 20-39 hours, 40-48 hours and Above 48 hours each.
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Mihr Thakar

20 Oct, 05:27

Kenya has high levels of firm creation. The new business density (the number of newly registered establishments per 1,000 working-age people) is 1.5 in Kenya.

There is also a high rate of exit of firms: 30 percent of all MSMEs in Kenya are only one to two years old.
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Mihr Thakar

14 Oct, 06:32

The share of global innovator subsector exports increased from 12% of services exports in 2005 to 32% in 2017.

This increase was largely driven
by growth in finance and insurance exports, which accounted for 18% of Kenya’s services exports, and was only surpassed by transportation and storage exports (38%).

In comparison to its peers, only Ghana outperformed Kenya in share of services exports from global innovator subsectors in 2019 (Nayyar, Hallward-Driemeier, and Davies 2021).
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Mihr Thakar

14 Oct, 06:17

Although agriculture is the largest employer in Nigeria, it is not the dominant one.

The second largest employer sector has more females than males.
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Mihr Thakar

05 Oct, 12:52

https://azizmire.com/2024/10/04/saying-no/
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Mihr Thakar

05 Oct, 12:39

1578007718_Weekly CBK Bulletin October 4 2024.pdf
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Mihr Thakar

03 Oct, 11:03

https://azizmire.com/2024/10/02/vehicle-inspection-corruption/
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Mihr Thakar

02 Oct, 07:06

https://azizmire.com/2024/10/01/bruce-john-sodomized/
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Mihr Thakar

02 Oct, 06:39

Climate change would result in significant decreases in food production.

Heavy food importers could face significant challenges.
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Mihr Thakar

02 Oct, 06:33

The Manufacturing sub-sector grew by just 1.3 percent in the first quarter of 2024 compared to 1.7 percent growth in the corresponding quarter of 2023.

In 2023, it grew by 2%.

The government is yet to release GDP growth data for the first half of 2024.
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