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Thursday 17th of May 2012 |
Morning Africa |
www.rich.co.ke Register and its all Free.
If you are tracking the NSE Do it via RICHLIVE and use Mozilla Firefox as your Browser. 0930-1500 KENYA TIME Normal Board - The Whole shebang Prompt Board Next day settlement Expert Board All you need re an Individual stock.
The Latest Daily PodCast can be found here on the Front Page of the site http://www.rich.co.ke
The Next Mindspeak is on the 26th May and we are hosting @BharatThakrar CEO ScanGroup
Tim Carstens CEO Base Resources #Mindspeak Video http://www.rich.co.ke/rctools/richtv.php
Safaricom FY2011/2012 Annual Results @BobCollymore Interview with @alykhansatchu YouTube http://j.mp/KO6zLG
I thank Alberto Labella of the Italian Embassy for a Super Dinner last Night. It was a Pleasure to meet The Chairman of the Lake Turkana Wind Power Project Carlo Van Wageningen and The Trade Commissioner Embassy of Belgium Ivan Korsak Koulagenko and their Wives.
Macro Thoughts
The FED Minutes repelled the 13 Consecutive Session Dollar Advance, which was predictable and predicted.
Home Thoughts
Two Perspectives from the Masai Mara
A Masai Chief's Perspective on Cows and Marriage Video http://www.twitpic.com/83v7pa
I met Bachi Singh Bisht at the #Fairmont Mara Live For Today Yesterday is gone http://www.twitpic.com/84u0v6 |
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Arab autocrats aiding terrorism By Emile Nakhleh Law & Politics |
The rising specter of terrorism in Syria shows that by clinging to power and refusing to implement meaningful reforms, Arab autocrats in Syria, Bahrain, and elsewhere are indirectly contributing to the resurgence of terrorism in their societies. Arab protests started peacefully, but almost in every country regime repression and torture ultimately pushed popular revolts toward violence.
This cynical calculus allowed Arab autocrats to claim that protests were directed from the outside and resistance was the work of terrorist groups. In Egypt and Tunisia, regimes fell while popular protests were still peaceful.
In Bahrain and Syria, regimes have changed the narrative from human rights and reform to sectarianism, using the divide and rule approach. Their self-fulfilling prophecy of terrorism has come to pass because of their conscious policy to discredit the opposition and shore up their legitimacy.
While successful in the short-run, this policy is destined to fail in the long run. Domestic terrorist groups that could emerge from the opposition would not only target regime assets; they will go after the United States' and other Western economic interests and personnel in those countries.
The Annan plan is doomed to fail because the regime views the domestic situation as a zero-sum game. It believes its survival can only be assured through continued repression and control. Negotiating with the opposition is a fantasy that Assad cannot afford to indulge in if his Alawite minority rule is to survive.
Since 9/11, Arab autocrats have cooperated closely on counter-terrorism with the US and other Western countries. At the same time, they branded domestic dissidents and pro-democracy activists as radicals and urged western governments not to fret over their harsh tactics against their citizens.
Arab regimes mistakenly thought that autocracy, not democracy, was critical for fighting terrorism and that Western support for human rights in Arab countries would dilute such an effort. Because Arab autocrats were pliant partners, Western governments, unfortunately, became addicted to autocracy, which in turn helped autocrats become more entrenched.
Washington and other Western capitals should make it clear to the remaining Arab dictators, in word and in deed that the game is up. They must implement genuine political reform or step aside. The world cannot tolerate a resurgence of terrorism because of their repressive rule and sectarian politics.
Dr Emile Nakhleh is the former director of the Central Intelligence Agency Political Islam Strategic Analysis Program, a Research Professor at the University of New Mexico and a National Intelligence Council Associate. He is the author of A Necessary Engagement: Reinventing America's Relations with the Muslim World and Bahrain: Political Development in a Modernizing Society.
Conclusions
He is right on the Money. Many Regimes have snatched Short Term and eventually ephemeral Victories from the Jaws of Long Term Defeat. |
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Algeria and Syria: Dealing with the Islamists by Patrick Seale Law & Politics |
Syria has evidently been destabilised by the opposition’s hit-and-run guerrilla campaign, but it has not yet experienced a civil war on the Algerian model. That may well be what awaits the country if the opposition and its foreign backers continue their efforts to topple the regime -- and thereby weaken its Iranian ally -- whatever the cost in Syrian lives. These foreign backers include the United States (with Israel in the background), Qatar, Saudi Arabia and France (when Nicolas Sarkozy was President. François Hollande, France’s new President, is thought to be less hostile to Syria and Iran than his predecessor.)
Syria's Bashar al-Assad vows to display captured foreign mercenaries Guardian http://j.mp/Jgy4lB
"For the leaders of these countries, it's becoming clear that this is not 'spring' but chaos. If you sow chaos in Syria you may be infected by it yourself, and they understand this perfectly well."
Syria's president Bashar al-Assad has promised to display captured foreign "mercenaries" who have been fighting his regime and denounced western governments for failing to protest at the violence being perpetrated by his enemies.
"There are foreign mercenaries, some of them still alive," he told Rossiya-24 TV. "They are being detained and we are preparing to show them to the world."
Syria has previously mentioned a list of 12 foreign terrorists killed in Syria, including one French citizen, one British and one Belgian.
Conclusions
The Point Bashar is making is that He is yet to export the Infection. |
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A Terrible Act of Reason: When Did Self-Immolation Become the Paramount Form of Protest? Posted by James Verini New Yorker Law & Politics |
Suddenly, self-immolation is everywhere. Yesterday, in Oslo, a man set himself on fire outside the Anders Breivik trial. He follows at least forty Tibetans who have set themselves aflame to protest Chinese rule in the past year. There have also been a series of self-immolations in the Middle East and North Africa. In January, five young Moroccan men auto-cremated (the more accurate term; “self-immolation” technically means any form of self-destruction) following a fifty-two-year-old pensioner in Jordan and an elderly woman in Bahrain. The young men belonged to a group called Unemployed Graduates that had been occupying the Ministry of Higher Education building. They followed upon the action of Mohammed Bouazizi, the Tunisian street vendor, whose self-immolation—inspired by the chronic poverty and corruption of his country—helped incite the Arab Spring.
What happened to sit-ins and hunger strikes? When did dousing oneself in flammables and lighting a match become the preëminent act of defiance?
Some time ago, actually. Contrary to common belief, the practice does not originate in the Vietnam era and is not confined to Asia (where, thanks to Hinduism, Buddhism, and other religions, posthumous cremation is far more common than in the West). Rather, it is a millennia-old practice in both the West and the East, where it has long commanded mass sympathy and outrage unmatched by other forms of suicide. The sociologist Emile Durkheim separated suicides into four types: the egoistic, the altruistic, the anomic (moral confusion), and the fatalistic. Perhaps self-immolation captivates so thoroughly because it wins on all counts. It is the ultimate act of both despair and defiance, a symbol at once of resignation and heroic self-sacrifice.
In Greco-Roman mythology, Heracles and Dido are said to have burned themselves to death, the former out of insanity, the latter out of despair and pride (such pride, indeed, that she was willing to see Carthage destroyed just to spite Aeneas).
The recent Tibetan self-immolations remind us that the practice’s longest history is in China, where, beginning in the fourth century A.D., Buddhist monks took to sitting in pyres to propitiate ganying, the force that binds the corporeal and ethereal. “I have been weary of this physical frame for many a long day,” the monk Daodu said before melting to death. His forebear Fayu started the trend of swallowing incense chips beforehand, perhaps to lubricate his soul’s passage, perhaps to improve the odor of the proceedings
. Duc has since become the most famous self-immolater in history, only partly thanks to the cover of Rage Against the Machine’s début album. His fellow-monks and nuns saw to his fame, alerting the international media to the event beforehand, lying down below fire engines to prevent them from arriving at the scene, and distributing texts, translated into English, of Quang Duc’s final words, according to the Oxford historian of self-immolation Michael Biggs.
“Fire is the most dreaded of all forms of death,” he said, so “the sight of someone setting themselves on fire is simultaneously an assertion of intolerability and, frankly, of moral superiority. You say ‘I would never have the guts to do that. It’s not that he’s trying to tell me something, but that he’s commanding me.’ This isn’t insanity. It’s a terrible act of reason.”
In January, 2010, after years of grinding destitution and harassment by police, Mohammed Bouazizi set himself aflame, not so much out of protest as—returning us to Dido—existential despair. But while his suicide was intensely personal, it was interpreted as an act of public defiance. He became a symbol of the Arab world’s governmental perfidy and a rallying cry for its restive youth. He has also, it seems, become the inspiration to a new generation of self-immolaters.
Conclusions
The Term 'Existential Threat' is one that is bandied about by all and Bibi, with a degree of Abandon. However, Self-Immolation is clearly such a Threat. Just ask Layla Trebelsi. I think its rooted in Ancient Human History and its Power lies in the Fact that it is so elemental and so scornful of the Life that Mankind has created on Earth. Its a 'Diss' of monumental Proportions. Aly-Khan Satchu Nairobi http://www.rich.co.ke
Rage Against the Machine cover http://j.mp/KeOuXz |
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Currency Markets At A Glance WSJ World Currencies |
Euro 1.2742 touched 1.2681, the weakest since Jan. 17 Dollar Index 81.31 slid 0.2 percent to 81.284, after completing a 13-day advance yesterday, the longest string of gains since its inception in 1973 Japan Yen 80.30 Gross domestic product rose an annualized 4.1 percent from the final three months of 2011 Swiss Franc 0.9426 Pound 1.5925 Aussie 0.9936 India Rupee 54.465 South Korea Won 1164.80 Brazil Real 2.0016 Egypt Pound 6.0353 South Africa Rand 8.2966
The dollar retreated from a four- month high against the euro after minutes from the last Federal Open Market Committee meeting showed some policy makers said further easing may be needed should the economy lose momentum.
Several Fed policy makers said a loss of momentum in growth or increased risks to their economic outlook could warrant additional action to keep the recovery on track, according to minutes of the FOMC’s April 24-25 meeting released yesterday in Washington.
Conclusions
I did warn that the FED Minutes were likely to repel the Dollar Advance Near Term
The consequences of a Greek euro exit would be “unimaginable” and “catastrophic” for Europe, Malaysia’s central bank Governor Zeti Akhtar Aziz said in an interview with Bloomberg Television aired today.
“The worst-case scenario is what we saw in Asia, when one economy collapses, then the market usually moves on to focus on the next one, then there will be a contagion that will affect different countries,” Zeti, 64, said in the interview in Istanbul. “This is what is described by unimaginable and it will be catastrophic.” |
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ECB Stops Loans to Some Greek Banks as Draghi Talks Exit Bloomberg World Of Finance |
The European Central Bank said it will temporarily stop lending to some Greek banks to limit its risk as President Mario Draghi signaled the ECB won’t compromise on key principles to keep Greece in the euro area.
The Frankfurt-based ECB said yesterday it will push the responsibility for lending to some Greek financial institutions onto the Greek central bank until they have sufficiently boosted their capital. “Once the recapitalization process is finalized, and we expect this to be finalized soon, the banks will regain access to standard Eurosystem refinancing operations,” the ECB said in an emailed statement.
The move comes after Draghi acknowledged for the first time that Greece could leave the monetary union. While the bank’s “strong preference” is that Greece stays in the 17-nation euro area, the ECB will continue to preserve “the integrity of our balance sheet,” he said in a speech in Frankfurt yesterday.
“A Greek exit was seen as an absurdity up to now,” said Thomas Costerg, an economist at Standard Chartered Bank in London. “It is gradually becoming the main scenario. The ECB is prioritizing its balance sheet over monetary-union geography.”
Greece faces a fresh election on June 17 that may boost parties opposed to the conditions of its international bailouts, raising the specter of its exit.
The ECB can only lend to sound banks and therefore won’t allow undercapitalized institutions to access its refinancing operations, a euro-area official said on condition of anonymity.
“Pending the recapitalization of Greek banks that are severely undercapitalized as a result of the” debt restructuring, some “have been moved to Emergency Liquidity Assistance,” said ECB said.
The so-called ELA is emergency support national central banks can provide to lenders with ECB approval. The ECB “continues to support Greek banks,” it said.
Conclusions
A departure by Greece “is not necessarily fatal, but it is not attractive,” he said.
Euro versus The Dollar 3 Month Chart 1.27395 Last http://j.mp/bQ9veD
Dollar Index 3 Month Chart INO 81.268 Last http://j.mp/cfmNIL
I said that the Fed Minutes would repel the Advance. It was a 13-day advance through yesterday, the longest string of gains since its inception in 1973 |
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Facebook Said to Raise Size of IPO to 421 Million Shares Bloomberg World Of Finance |
Facebook, gearing up for the largest-ever IPO of a technology company, had already increased the offering’s price range to $34 to $38 apiece, from $28 to $35 previously. At $16 billion, Facebook’s debut would surpass that of General Motors Co. to be the second-largest in U.S. history, excluding so- called over-allotments, which let underwriters buy more shares at a later date, data compiled by Bloomberg show.
Goldman Sachs now plans to sell 28.7 million shares, more than double the amount earlier, while Tiger Global Management is selling 23.4 million shares, almost 7 times the amount first offered. Facebook’s executives and directors increased the amount of shares they’re selling 62 percent to 189.4 million. Co-founder Mark Zuckerberg, the top shareholder, didn’t boost the amount of shares he’s selling.
Accel will hold about 23 percent of Facebook’s Class A shares following the offering, compared with about 5.9 percent for Goldman Sachs, according to today’s filing. Digital Sky will own about 5.4 percent of the Class B shares after the sale, and Tiger Global will hold about 2 percent.
Investors are betting that Chief Executive Officer Zuckerberg can overcome slowing sales growth by expanding into areas such as mobile advertising and e-commerce, said Samuel Schwerin, managing partner at New York-based Millennium Technology Value Partners.
“An increasing number of institutional investors are looking beyond the value of the business today and looking at the future growth,” Schwerin, whose firm oversees $1 billion, including Facebook stock, said yesterday. “Those drivers are extraordinary in size, including international and mobile and commerce.”
Menlo Park, California-based Facebook and its existing holders had earlier planned to offer 337.4 million shares. Its underwriters will have the option to buy an additional 63.2 million shares from the company and its holders after the IPO, the company said in the filing today.
GM raised $15.8 billion in November 2010, before expanding the sale to $18.1 billion when underwriters exercised the over- allotment option. Visa Inc. raised $17.9 billion in its 2008 IPO, the biggest in the U.S., and later expanded the sale to $19.7 billion.
Facebook’s shares are set to price tomorrow and begin trading under the symbol FB on the Nasdaq Stock Market the following day.
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Commodity Markets at a Glance WSJ Commodities |
Crude Oil 3m Chart INO 93.91 Last http://j.mp/J3BIyL
Crude for June delivery rose as much as 66 cents to $93.47 a barrel in electronic trading on the New York Mercantile Exchange at 1:05 p.m. Singapore time. The contract yesterday fell 1.2 percent to $92.81, the lowest close since Nov. 2. Prices are down 5.4 percent this year. Oil rose from the lowest settlement in six months in New York after economic data in Japan beat estimates and technical indicators signaled declines in crude prices may be exaggerated.Futures advanced as much as 0.7 percent, climbing for the first time in five days. Prices, down 11 percent this month on concern Europe’s debt crisis will curb fuel demand, rebounded after falling to technical support levels
Gold Live KITCO 1551.9 http://www.kitco.com/charts/livegold.html |
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Blogger Shines Light on U.S. Shadow War in East Africa By David Axe WIRED Africa |
An innocuous-seeming U.S. Air Force press release. A serendipitous satellite image in Google Earth. Snapshots from a photographer on assignment at a Spanish air base. The crash of an Air Force F-15E Strike Eagle fighter-bomber in the United Arab Emirates. These are some of the fragments of information that Italian aviation blogger David Cenciotti has assembled to reveal the best picture yet of the Pentagon’s secretive war in the Arabian Peninsula and East Africa
In a series of blog posts over the past two weeks, Cenciotti has described in unprecedented detail the powerful aerial force helping wage Washington’s hush-hush campaign of air strikes, naval bombardments and commando raids along the western edge of the Indian Ocean, including terror hot spots Yemen and Somalia. Cenciotti outlined the deployment of eight F-15Es from their home base in Idaho to the international air and naval outpost at Camp Lemonnier in Djibouti, north of Somalia.
Over the years there have been hints of the F-15s’ presence in East Africa, but “their actual mission remains a (sort-of) mystery,” Cenciotti writes. Based on the evidence, he proposes that the twin-seat fighter-bombers — one of the Air Force’s mainstay weapon systems in Afghanistan — are dropping bombs on al-Qaida-affiliated militants in Yemen. If true, that means the U.S. intervention in the western Indian Ocean is far more forceful, and risky, than previously suggested.
The Navy maintains around 30 warships in the Indian Ocean as part of several international task forces. American destroyers have launched missiles and fired guns at terrorists in Somalia and Yemen.
But arguably the most interesting vessels in the area are also the least flashy. Lewis and Clark-class supply ships, normally used to carry fuel and cargo, have also been used as Afloat Forward Staging Bases — in essence, seaborne military camps for housing Special Forces and launching helicopters and small boats. The ships can be configured with makeshift jails for holding captured pirates and, in theory, terror suspects.
The Lewis and Clark class ship Carl Brashear visited Djibouti in early May, according to a military press release. Where the ship went next — and what exactly she did there — is unclear. But if Cenciotti’s investigation of the F-15s is any indication, there could be a surprising truth beneath the layers of official secrecy concealing America’s underreported Indian Ocean shadow war.
Conclusions
I have been saying that I think One Side has essentially weaponised itself and this gives them a decisive Advantage when it comes to tilting the Pitch.
Screen dump from Google Earth showing six F-15Es on the apron at Camp Lemonnier, Djibouti International Airport, on Oct. 29, 2011. http://j.mp/L8T74F |
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US to assign army brigade to Africa Aljazeera Africa |
The US army has said a combat brigade will be assigned to the Pentagon's Africa Command next year in a pilot programme that will send small teams of soldiers to countries around the continent to do training and participate in military exercises.
General Ray Odierno, the army's chief of staff, says the plan is part of a new effort to provide US commanders around the globe with troops on a rotational basis to meet the military needs of their regions.
This pilot programme sends troops to an area that has become a greater priority for the Obama administration since it includes several nations from where it perceives an increasing threat to the US and the region.
Odierno says a brigade from the 10th Mountain Division will take on the new task.
Already US special forces have begun providing training and logistical support to Ugandan soldiers hunting Joseph Kony, leader of the Lords Resistance Army.
Military advisers are also in Uganda to draw lessons learned from Iraq and Afghanistan to help train African Union soldiers to fight Somalia's al-Shabab group.
Conclusions
The StopKony Campaign was a very subtle and viral way of lending Cover and Legitimacy to this Military Insertion into Africa. |
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ICC prosecutor OK with delay to trial of Kenyans Reuters Law & Politics |
Prosecutor Luis Moreno-Ocampo told a news conference in New York that the defendants had requested the delay until the ICC decided whether to grant their appeal, which argues that the war crimes court has no jurisdiction to prosecute them.
Moreno-Ocampo said that his office "did not oppose the right to postpone the beginning of the trial until the appeal chamber solved the claim presented by the defendants."
No specific date had been set for the trial.
"We take note in Kenya that many citizens are requesting that the court proceed with the trial as soon as possible in order to define the responsibility of the suspects before the elections which are planned for March 13," Moreno-Ocampo said.
But he warned Kenyans that it was not the job of the ICC to determine who could stand for election.
"The court should not define who are the candidates in Kenya to the next elections or who will win the next election," Moreno-Ocampo said. "The Kenya political situation should be dealt with politically, by political actors. They cannot expect the court to define the political situation in Kenya."
Conclusions
FACTBOX-Key political risks to watch in Kenya Reuters http://j.mp/JQkXoG
'The 'Black Swan' political risk in Kenya remains a decision to unilaterally withdraw from the ICC process. President Kibaki only recently floated the idea of pursuing an east Africa track, which made this risk blink amber,' said independent Nairobi-based analyst Aly Khan Satchu.
'It would introduce a 'pariah' discount on Kenya assets and we just have to look north at Khartoum to see the consequences of such a move. It would be unconscionable.' |
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Kenya near to sealing more offshore oil search deals Reuters Minerals, Oil & Energy |
NAIROBI, May 16 (Reuters) - Kenya is close to sealing a deepwater exploration contract with France's Total and has offered three other oil majors new offshore blocks, the country's petroleum commissioner said.
Martin Heya told Reuters on Tuesday a production sharing contract with Total for block L22 offshore was with the Attorney General's office, meaning it is close to being signed.He said the energy ministry had offered Brazil's Petrobras , Norway's Statoil and Italy's Eni offshore blocks, but the companies had yet to sign agreements.
Oil and gas exploration in East Africa has surged in recent years, after hydrocarbon discoveries in Mozambique, Tanzania and Uganda. British explorer Tullow Oil has also found oil in Kenya, but its commercial viability is yet to be determined.
Kenya said in March it was listing eight new deepwater blocks for leasing. It said on Tuesday it had signed production sharing contracts with U.S.-based CAMAC Energy Inc. for four blocks, two of which are new deepwater blocks.In all, Kenya has 46 exploration blocks. With CAMAC's signing, 34 are licensed.
Heya said last month Total had purchased data in the area that is now block L22. It approached the Ministry of Energy and requested it demarcate a block there. In July 2011, Total signed a heads of agreement with the government to acquire it.
Normally, Kenyan authorities choose where exploration blocks will be, delineate the boundaries and then licence them.
However, because the country had been looking for a company to ramp up exploration efforts offshore - and Total has a long history of exploration in risky, deepwater areas - Kenyan officials responded warmly to Total's proposal, Heya said.
Heya said Texas-based CAMAC was the first explorer to licence any of the eight new deepwater offshore blocks the country gazetted earlier this year.
Two of CAMAC's four blocks, L27 and L28, are in deep waters offshore, due east of the coastal city of Mombasa. Block L1B is onshore while L16 straddles land and sea.
CAMAC has a 90 percent stake in the blocks and will be the operator, with the government holding the rest. CAMAC says it expects to find a local partner to take a minority interest.
CAMAC signed a preliminary heads of agreement on one other onshore exploration block, 11A in northwest Kenya in February, according to information from the company.
The licences mark CAMAC's entry into East Africa. The Texas company also actively explores in West Africa.
"Signing the PSCs for these four blocks in Kenya represents a milestone in CAMAC Energy's strategy to acquire highly prospective exploration acreage in targeted oil and gas basins in Africa," said Segun Omidele, CAMAC's senior vice president of exploration and production, in a statement late on Tuesday.
Conclusions
Oil and the New Scramble for East Africa The Star http://j.mp/JiYW2y
One of my greatest pleasures is watching and tracking elephants. I recall turning a corner in the Masai Mara and finding myself alone except for a herd of over 100 elephants. I have watched a documentary about the elephants of Kilimanjaro and I learnt that elephants mourn their dead just like we do. They actually caress the bones of the departed and apparently never forget. When I left London, I naturally kept myself plugged into the information loop and a stream of research has been landing in my inbox.
The latest arrival was issued by UBS and its tagline was Oil & Gas Hunting Elephants in East Africa’s rift basins. It really is worth a read. The thrust of the report is that the great game is on and it is in play in East Africa. In this report, UBS estimates that Kenya alone might have 6 Lake Albert basins equivalents. I have seen a report that compares Somalia to Kuwait. The gas find in Mozambique is variously estimated to be equivalent to 2m barrels of crude oil equivalent per day for 50 years. These are very big numbers. East Africa is like a brand new freshly minted debutante at her coming out party.
Understanding the fact that the prize is a c21st Koh-I-Noor diamond, helps us better comprehend the geopolitical power plays that are taking place.
Now lets try and unpick the bigger picture. China took a big hit in Libya [35,000 Chinese left in the space of 7 days last year], they are taking a big hit in Sudan. Five per cent of china’s oil imports came from Sudan [north and south]. And it seems to me that a line is being drawn and it is somewhere near Heglig. Last week, there was some controversy over comments credited to a couple of European emissaries. It told me a lot about what Europe is thinking. There has been an epiphany about China in africa and we are [East Africa] apparently the jewel that the big powers are jostling over.
The insertion of 100 JSOC [the US joint special operations command] personnel to find Joseph Kony was made legitimate in an extraordinary c21st and viral way. #stopkony and #kony2012. They are notgoing folks, they are here to stay and they have many more than just Joseph Kony in their crosshairs. |
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Kenya struggles to contain Al-Shabaab threat Africa |
Kenya has been hit by a series of grenade attacks since it sent tanks and troops into Somalia late last year. The authorities are blaming the Somali Islamist group Al-Shabaab for the violence.
"It is about time that Al Shabaab gives up and takes part in a peace process," tweeted the Kenyan military spokesperson Emmanuel Chirichiri on the social network Twitter in April. A tweet in response was not long in coming. "Al Shabaab encourages and supports all Kenyan Muslims who want to fight a jihad against the Kenyan government,"
In October 2011, Kenya declared war on al Shabaab and sent troops into Somalia. "The argument was that Kenyan troops in Somalia could push Al Shabaab as far away as possible from the Kenya border, and if possible to eliminate them," says Emmanuel Kisiangani, an analyst at the Institute for Security Studies ( ISS) in Nairobi.
"Today you can say they prevented major terror attacks, but they haven’t managed to stop terrorist activities in the country," he adds.
Total protection against terrorism is hardly possible because of Kenya's porous border with Somalia and an easily accessible coastline. Terrorism cannot be defeated by military means alone, says Kisiangani. He believes the root causes such as poverty and deprivation need to be addressed.
"Groups who feel deprived are easily brainwashed by this radical ideology," he adds.
Conclusions
War and Peace 31st October 2011 The Star http://j.mp/v0F7bb
“We can know only that we know nothing. And that is the highest degree of human wisdom.”
I start with that quote by Tolstoy because there are so many variables and potential curve balls around our first military excursion across our borders, since the 1960s and a time when we sought to combat the shifta menace.
President Obama has taken a very aggressive stance in the drone war, removing many folks from the battlefield. By all accounts and the Wall Street Journal, in particular, drones have been deployed against the al Shabaab, for some time. MQ-9 reapers can be configured for both reconnaissance and strike missions. The reapers can fire hellfire missiles, as well as guided 500-pound bombs. That’s some pretty powerful materiel. I think it is the deployment of drones over Somalia, which might have tilted the pitch big time. The drones have been a game changer in many places.
The Kenya thrust into Somalia might be predicated on evidence that the al Shabaab and their various franchises [The Kentucky Fried Chicken business model] are like George Foreman in Kinshasa, at the moment when his eyes glazed over and Muhammed Ali realised George was just one punch from hitting the deck. That is in many respects the optimal outcome. The risk remains that even if we land a decisive blow, the al Shabaab might intensify the asymmetric war. |
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CIC Insurance valued at Sh7.7bn ahead of listing Business Daily World Of Finance |
The capital markets regulators approved CIC’s application for listing yesterday, about a week after clearing publishing company Longhorn Kenya’s bid to join the bourse.
CIC’s ordinary shares numbering nearly 2.2 billion will be listed at Sh3.50 each on the Main Investment Market Segment, the company said in a press release after receiving the regulatory approval.
Chief executive Nelson Kuria said CIC’s priority would be its expansion push into East and Central Africa, starting with Rwanda and South Sudan where the firm plans to partner with the local co-operatives and other organisations rather than opening new subsidiaries.
The insurer has also announced plans to diversify into real estate.
CIC currently has a total of 3,878 shareholders. Co-operative Insurance Society Limited (CIS) is the top strategic shareholder with a 74.3 per cent stake, while individual investors constitute the remaining 25.7 per cent. The CIS represents interests of millions of members in the co-operative movement through the societies that own the co-operative society.
CIC’s gross premiums rose by 48 per cent last year to Sh6.7 billion from Sh4.6 billion in 2010. The total assets grew by 48 per cent from Sh7.5 billion to Sh11.1 billion in the same period. |
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Kiereini defends himself over CMC funds saga scandal Nation N.S.E Equities - Commercial & Services |
“Establishment of the Corival bank account was done by Mr Paul Benzimra, a son of the then CEO, Mr Jack Benzimra and a Mr Stanley Lewis,” read the statement published on Tuesday and signed by him.
It is not clear why he issued this statement so late after the two forensic reports on the firm had been done and their findings already released to the motor dealer’s shareholders.
The forensic audit mentioned Mr Kiereni as one of the signatories of the secret offshore accounts, allegations he is now fending off.
“There is absolutely no truth in the allegation that I was party to the establishment of the Fairvalley Trust. I was informed about it by Mr Jack Benzimra when he was CEO because it had already been established before I joined CMC,” the statement read.
“It is inaccurate, malicious and a violation of my basic human rights to speculate on my suitability to serve on the board of any company, public or private,” he said. |
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In Kenya's bustling city of Nairobi, lions stalk residents GlobalPost Africa |
Lions prowled through posh suburban gardens here recently, frightening residents and reminding them that they live in Africa, after all.
In the latest incident of growing conflict between humans and wildlife in East Africa, a lion stalked an upmarket suburb of Nairobi for months before being shot dead by park rangers.
The lioness was one of a group of six that in January left Nairobi National Park, a 30,000-acre nature reserve surrounded on three sides by the city, and took up residence in Langata, a smart neighborhood of big houses and large fenced gardens.
The lions have not strayed from anywhere, it is people who have moved into their area,” said Paul Udoto, a spokesman for Kenya Wildlife Service (KWS), the national authority responsible for the country’s parks and animals.
Udoto is primarily concerned about the welfare of the lions. “The lions are not a threat, it is the people who are a threat,” said Udoto. “Lions have been there for many, many years but people have moved in and blocked the areas the wildlife was using," he said.
In a two-week period late last year, at least three lions were killed on the Kitengela plains southwest of the park after they mauled cattle.
“The indigenous people had been living with these animals,” he said referring to the Maasai who traditionally roamed the Nairobi plateau with their cattle, “but it is the rest of us who have moved in and now are crying foul.”
Confronted with reduced hunting grounds and fewer antelope to eat, Kenya’s lion population of 2,000 may become extinct in less than 20 years, according to the New Scientist.
Male Lions with rumbling Stomachs #Fairmont Mara Safari Club Twitpic http://www.twitpic.com/83si8c
Life is tough for a Zebra #Mara Twitpic http://www.twitpic.com/83xmob
Masai Dance #Fairmont Mara #Kenya #Africa Video http://www.twitpic.com/84v8kh |
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