20th December 2014
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Satchu's Rich Wrap-Up
Friday 19th of December 2014

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

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@Globe_Pics Frozen wave in Antarctica:

Looking forward to hosting the mercurial @AaronRimbui at #Mindspeak
tomorrow 20th December @InterContinental from 0930am

Aaron told me he only started learning to play the keyboard when he
was 17, that his music is a Fusion of Jazz, Benga, Gospel. He is going
to give us a 360 degree of Music from hosting Festivals [He is the
Convenor of All that Jazz], to the cyclicality of earnings. All
liberally sprinkled with his wonderful music.

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@alykhansatchu #Mindspeak is a free to attend Forum @AaronRimbui

@alykhansatchu @AaronRimbui in the Office See you Folks Saturday
@InterConNairobi for Journey through Jazz Benga Gospel #Mindspeak

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#Mindspeak in 2014 RICH TV VIDEO

Macro Thoughts

Home Thoughts

“My religion is no way of knowing me.”  ― Jeet Thayil, Narcopolis

“The world is on fire; time is a bomb.
Ten thousand years are not enough
When so much remains to be done”
― Jeet Thayil, Narcopolis

“Behind the hieroglyphic streets there would either be a transcendent
meaning, or only the earth.”
― Thomas Pynchon

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“They won’t give up because they will always try to chain it,” Putin said during his annual press conference in Moscow, comparing Russia to a bear protecting its territory.
Law & Politics

“As soon as they chain it, they’ll rip out its teeth and claws.”

“Under the most negative external economic scenario, this situation
can last two years,” Putin said. “If the situation is very bad, we
will have to change our plans, cut some things.”

Russia’s currency reserves have declined by a fifth to $415 billion
over the past year as the central bank tried in vain to defend the
currency, which has dropped more than 40 percent since June as oil
trades near a five-year low.

Putin made a “bad calculation” regarding the collapsing oil price,
said Jim O’Neill, who coined the term BRICs while serving as a top
Goldman Sachs Group Inc. economist in 2001 and correctly predicted a
surge in growth for Brazil, Russia, India and China. “He might not
have really took it into his mind that oil could drop this much,”
O’Neill said on Bloomberg TV.

The president today accused the U.S. and EU of using the Ukraine
conflict to contain Russia as they’ve done since the end of the Cold
War through the expansion of NATO, comparing the current situation to
the Berlin Wall.

“This is payback for our natural desire to preserve ourselves as a
nation, as a civilization and state,” Putin said. “The crisis in
Ukraine should make our partners understand that it’s time to stop
building walls.”


I agree with Jim O'Neill that Putin did not see the c21st Currency and
Oil Warfare Specialist @BarackObama coming or maybe he just did at
APEC and G20.

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December 1st 2014 This is a very 21st century 'Shock and Awe 'and a bullet has not even been fired. #Oil and #Currency Warfare
Law & Politics

The meeting in Vienna merely confirmed that the US has wrestled
control of the oil markets. President Obama while getting creamed in
the mid-terms, has been a very subtle, skilled and hard-nosed exponent
of currency and now oil warfare. This plan to undercut oil was
exquisitely constructed and executed. The Russian Ruble has been
crushed, the Russian Central Bank has dropped a $100b defending the
currency. Iran might have got an extension but the new oil price
normal keeps them on the ropes.

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Putin's spin today on why Russians should stick with him through the hardship was different:
Law & Politics

No, this is not payback for Crimea. This is payback, or, rather,
payment for our natural desire for self-preservation as a nation, as a
civilization, as a state... Sometimes it occurs to me: perhaps our
bear should sit back peacefully, stop chasing piglets around the taiga
woods and just feed on berries and honey? Perhaps then they'll leave
him alone? No they won't, because they will always want to put him on
a chain. And as soon as they succeed in putting him on a chain, they
will rip out his teeth and his claws.

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President Vladimir Putin speaks during his annual press conference in Moscow today.
Law & Politics

Russia Ruble 3 Month Chart INO 61.611

 on Thursday, as the three-month "mosprime" interbank lending rate hit
28.3 per cent.

@ReutersJamie  The Bear on a bull run. Russian stocks +32% from
Tuesday's low. HT @Convertbond

“We see the tragic consequences of the so-called color revolutions and
ordeals survived by the peoples of the states that faced these
irresponsible experiments of covert and sometimes even… overt
interference into their lives,” Vladimir Putin said in a speech in

“This is a lesson and warning for us and we will do everything
possible to prevent this from happening in Russia.”

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After slaughtering 132 school children and nine members of staff, militants contacted their commanders to say: “We have killed all the children in the auditorium. What do we do now?” @Independent
Law & Politics

Asked what the gunmen should do next, Umar responds: “Wait for the
army people, kill them before blowing yourself up.”

This, the officials said, was one of the final conversations
intercepted between the gunmen and their handlers, taking place
moments before the two remaining militants charged the army’s special

Meanwhile, a Pakistan court granted bail to a man accused of
masterminding one of the region’s most deadly previous terror attacks,
the 2008 rampage through the Indian city of Mumbai that killed 166

Student Mohammad Baqair, who survived the Taliban attack on a
military-run school, holds a photograph of his mother, a teacher at
the school and a victim of the attack Photograph: Muhammed Muheisen/AP

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The CIA Didn’t Just Torture, It Experimented on Human Beings The Nation
Law & Politics

Human experimentation was a core feature of the CIA’s torture program.
The experimental nature of the interrogation and detention techniques
is clearly evident in the Senate Intelligence Committee’s executive
summary of its investigative report, despite redactions (insisted upon
by the CIA) to obfuscate the locations of these laboratories of cruel
science and the identities of perpetrators.

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The Dow Jones Industrial Average (INDU) surged the most since 2011 and the Standard & Poor’s 500 Index capped its best two-day gain in three years
International Trade

The S&P 500 added 2.4 percent to 2,061.23 at 4 p.m. in New York. The
index climbed 4.5 percent over two days, the most since November 2011.
The Dow gained 421.28 points, or 2.4 percent, to 17,778.15, the
biggest one-day jump since December 2011. Technology shares soared as
Oracle Corp. increased the most in six years.

gains came amid a global rally. The MSCI All-Country World Index
soared 2 percent and emerging-market stocks surged 1.9 percent. The
Stoxx Europe 600 Index advanced 3 percent, the most in three years.

Eric Scott Hunsader ‏@nanexllc  Today (black line) was biggest gain
for the eMini since at least 1/1/2012 $ES_F $SPY


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Currency Markets at a Glance WSJ
World Currencies

A charge of 0.25 percent on sight deposits, the cash-like holdings of
commercial banks at the central bank, will apply as of Jan. 22, the
Zurich-based central bank said in a statement today.


Euro 1.2277
Dollar Index 89.28
Japan Yen 119.32 The yen has slumped 8.5 percent against the dollar
since Oct. 30, the day before the central bank unexpectedly boosted
Swiss Franc 0.9812
Pound 1.5655
Aussie 0.8179 Australian shipments to China accounted for $142 billion
last year, almost double the amount sent to Japan, the second-largest
India Rupee 63.055
South Korea Won 1103.00
Brazil Real 2.6627
Egypt Pound 7.1510
South Africa Rand 11.5488

A gauge of the U.S. dollar headed for its eighth weekly gain in the
past nine weeks after the Federal Reserve signaled at its Dec. 16-17
policy meeting that it was on course to raise interest rates next

Talking to reporters after the meeting, Fed Chair Janet Yellen laid
out the economic parameters that would need to be met for liftoff to
begin later in the year and said rates probably would be raised
gradually thereafter.

The Bloomberg Dollar Spot Index, which tracks the U.S. currency
against 10 major peers, climbed 0.1 percent to 1,122.36, having risen
0.6 percent this week.

The dollar has strengthened 12 percent in 2014, the best performer of
10 developed-nation currencies tracked by Bloomberg
Correlation-Weighted Indexes. The euro fell 1.5 percent and the yen
weakened 2.9 percent.

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Crude Oil 5 Day Chart INO 54.84 Last [has spiked 3x in the last 5 sessions to 59.00 and then faded]

WTI for January delivery rose as much as $1.39 to $55.50 a barrel in
electronic trading on the New York Mercantile Exchange and was at
$54.64 at 12:50 p.m. Singapore time. The contract, which expires
today, fell $2.36 to $54.11 yesterday. The more-active February future
gained 63 cents to $54.99. Total volume was about 18 percent above the
100-day average. Prices have decreased 44 percent this year.

Brent for February settlement was 27 cents higher at $59.54 a barrel
on the London-based ICE Futures Europe exchange. It slid $1.91 to
$59.27 yesterday, also the lowest close since May 2009. The European
benchmark crude traded at a premium of $4.51 to WTI for February. The
front-month spread was $4.04 at the end of last week.

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13-OCT-2014 The conditions are optimal for a complete wash-out [a 'blow-off bottom' was more earthy description in my time] down as far as $50 a barrel.

Markets overshoot, crude oil does it big time and any and every model
needs to consider such a price outcome.

Crude Oil 3 month Chart INO 54.84 Last

Gold 6 month INO 1197.745

@nanexllc  CME March Wheat futures halted for 10 seconds a 4:49:37
ET this morning $ZW_F


Emerging Markets

Frontier Markets

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“In the current context, Ivory Coast appears like a hub of stability,” Fitch’s Louis said

With countries to the west battling Ebola and nations to the east
facing plunging oil prices, Ivory Coast is weathering the West African

The world’s biggest cocoa producer is shaking off more than a decade
of political instability with economic growth above the sub-Saharan
African average before elections next year, the first since a Eurobond
default four years ago. Moody’s Investors Service rates Ivory Coast
one step higher than neighboring Ghana and the nations are on par at
Fitch Ratings Ltd.

“There’s a new track record that’s very positive,” Arnaud Louis, a
London-based associate director of sovereigns at Fitch, said by phone
on Dec. 11. “It’s a combination of high growth, support from
international donors, structural reforms under way, the improvement of
the political and security situation, the resumption of payment on the

Ivory Coast’s economy is forecast to expand 8.5 percent this year,
beating the sub-Saharan African average of 5.1 percent, according to
the International Monetary Fund. The country emerged from instability
in 2011 with a new president, Alassane Ouattara, who pledged to build
infrastructure and attract investment into a country once regarded as
the most developed in West Africa.

The government has “made structural reforms in various sectors of the
economy to improve the business environment to attract foreign and
domestic investments,” she said. The economy grew 9.8 percent in 2012
and almost 9 percent in 2013.

Eastern neighbor Ghana is suffering power cuts and a currency that has
slumped 26 percent against the dollar this year. According to the IMF,
Ghana is forecast to grow 4.5 percent this year and 7 percent in
Nigeria, where the government is facing shortfalls from slumping
crude, the source of about 70 percent of revenue. It’s also struggling
to contain an Islamist insurgency that’s killed thousands in the

 Inflation was 1 percent in November, while in Guinea, where the Ebola
outbreak was first reported, consumer prices accelerated at an annual
rate of 9.5 percent last month. Ghana’s rate rose to 17 percent.

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Cocoa 1 Year Chart INO

South Africa All Share Bloomberg +6.5591% 2014 [+4.25% rally yesterday]

49,290.56 +2,008.08 +4.25%

South African stocks booked their biggest daily gain in nearly six years.

Dollar versus Rand 6 Month Chart INO 11.5484

Egypt Pound versus The Dollar 3 Month Chart INO 7.1510

Egypt EGX30 Bloomberg +23.842% 2014

8,399.89 +275.21 +3.39%

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Angolan and Nigerian woes to hit local firms

NIGERIA and Angola are reeling, their economies hit by a 40% slump in
the oil price since June.

For South African firms with extensive operations in Africa’s two
largest oil producers it spells unwelcome uncertainty. Uncertainty is
at its highest in Angola.

Based on a Brent crude oil price of $85 per barrel, 8.5% will be wiped
off Angola’s annual gross domestic product (GDP) and for Nigeria’s
much larger and diversified economy the negative effect on GDP would
be 2.7%, Standard Bank economist Yvette Babb says.

The Brent crude oil price is now trading at about $59, a five-year
low. "Angola’s economy is being hit hard," says Anthony Lopes, MD of
Imara Securities Angola. "Even the banks are running short of cash."

At the heart of banks’ problems is a shortage of US dollars.

"Angola’s central bank is the only supplier of dollars and is acting
to protect foreign exchange reserves," says Ms Babb. "The dollar
shortage is the biggest risk to foreign firms. Repatriation of profits
will be the first victim."

Devaluation of the Angolan kwanza adds more risk.

"The kwanza is devaluing at an annual rate of 18% against the US
dollar. The central bank wants a gradual decline but they may not be
able to achieve it," she says.

Arguably at most risk is high-flying small cap Consolidated
Infrastructure Group (CIG) which has big exposure to Angola through a
30.5% stake in AES, an environmental business serving the oil and gas
sector. AES contributed 32% of CIG’s profit after tax in its year to

Also in the line of fire is Nampak through Angolata, its Angolan
beverage can unit. "Angolata accounts for at least 20% of Nampak’s
operating profit," says Sasfin Securities analyst Alec Abraham.

China will lend Angola's Sonangol $2 billion to expand oil and gas
projects, the state energy company said, helping to cement Beijing's
influence in Africa's second-largest oil producer.


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Nigeria All Share Bloomberg -29.0788% 2014 [snapped an 8 session Losing streak yesterday to turn 1.21% higher]

29,311.25 +349.58 +1.21%

Nigerian foreign-currency dealers halted trading after the central
bank changed rules on how many dollars can be held at the end of the


Nigerian foreign-currency dealers halted trading after the central
bank changed rules on how many dollars can be held at the end of the
day to limit speculating against the plunging naira.

“Banks have to sell all dollars they buy from the market, not to keep
them until the following day,” Deputy Central Bank of Nigeria Governor
Sarah Alade said by phone from Abuja. “It is to ensure dollar
liquidity. We have noticed some dealers speculating on the currency
because of the pressure from declining oil prices.”

The naira fell 13 percent against the dollar this quarter, the worst
among 24 African currencies tracked by Bloomberg after Malawi’s

Alade said the regulator will meet currency traders about the bank’s
circular on the rules issued on its website showing that the maximum
foreign-exchange net-open position was cut to zero of shareholder
funds by the end of each business day from 1 percent. Interbank naira
trading ground to a halt, according to Samir Gadio, head of African
strategy at Standard Chartered Plc.

By 11 a.m. in Lagos, there were 12 trades in the naira, according to
data compiled by Bloomberg. Yesterday, there were 101 in the same
period. The currency weakened 0.2 percent to 187.45 per dollar. The
circular may unnerve investors holding naira assets if they think it
will be followed by stricter measures, such as a cap on the interbank
exchange rate, Gadio said by phone from London.

Nigeria's central bank sold U.S. dollars to support the naira on
Thursday after the currency hit a record low of 188.85 against the
greenback, dealers said.


Earlier, central bank governor Godwin Emefiele told Reuters he was
barring commercial banks from holding their own funds in dollars in
order to end speculative pressure on the ailing naira.

10-NOV-2014 Turning to the markets in Africa, the Nigerian naira and
the All- Share index have been "Ouagadougou-ed" by the collapse in
price of oil.


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“You Sanusi I am talking to you, it is too late for you the Emir of Kano and the Emir of bank,” a man dressed in combat fatigues and claiming to be the group’s leader, Abubakar Shekau, said in an unverified 19 minute video posted on YouTube Inc.

Sanusi, the former central bank governor, told Nigerians last month to
fight back against Boko Haram.

The man purporting to be Shekau fired an AK-47 rifle into the air and
was flanked by masked gunmen and Hilux trucks mounted with machine
guns bearing the group’s trademark black flags showing Arabic slogans.

Boko Haram, whose name translates loosely as “Western education is a
sin,” has been fighting in Africa’s biggest oil producer since 2009.
In that time it has killed more than 13,000 people, according to the

Sanusi, 53, was the central bank governor of Africa’s largest economy
until February. He was suspended by President Goodluck Jonathan after
saying as much as $20 billion in state oil revenue was unaccounted
for. He was appointed to the royal post in June when Ado Bayero died
after reigning more than half a century.

 “Vigilantes and hunters you have gone astray, you should repent and
put hands together and work for God, even you Sanusi if you repent we
can work together,” the man said in the footage. “Don’t you see that I
am furious.”

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Mozambique Publishes Law Enabling Eni, Anadarko Gas Investments

Mozambique published a law enabling groups led by Anadarko Petroleum
Corp. (APC) and Eni SpA to proceed with multi-billion dollar gas
projects, setting financial and legal terms and allowing much of the
revenue to be kept offshore.

The southern African nation’s council of ministers approved the law on
Nov. 25 and included it in the Bulletin of the Republic dated Dec. 2,
which was published yesterday in the capital, Maputo.

Eni and Woodlands, Texas-based Anadarko are considering whether to
develop offshore fields that are estimated by Mozambique’s national
oil company to hold 250 trillion cubic feet of gas. That’s enough to
meet world consumption for more than two years. The country may become
the world’s largest exporter of liquefied natural gas after Qatar and

The law “gives both sides considerable certainty and sets out clear
parameters for future revisions, Anne Fruhauf, senior vice president
and Africa energy analyst at Teneo Intelligence, said in an e-mailed
response to questions.

The groups will have the legal and fiscal framework guaranteed for the
30-year duration of their exploration and production concessions,
subject to meeting with the government 10 years and 20 years after the
delivery of the first gas cargoes to revise the levels of taxation, it
said. If no agreement is reached, they will pay a 4 percent production
tax, or royalties, for years 10-20, and then 6 percent from years

The normal royalty rate for gas projects in Mozambique is 6 percent,
but earlier deals with Anadarko and Eni had put it at 2 percent,
Fruhauf said. Lower tariffs for the first 10 years of production are
important for cost recovery, she said. ‘‘The government can seek to
improve its take after 10 and 20 years, respectively, but within clear
boundaries set out within the decree law,’’ Fruhauf said.

Another key provision is that companies involved with the projects
will be allowed to keep gas revenue in bank accounts outside
Mozambique, using a local account only to pay taxes, buying goods and
services in the country, and paying local workers. Expatriate
employees will also be able to be paid in foreign currency into
foreign bank accounts.

The decree law also sets out specific regulation regarding the project
companies’ use of foreign workers, and the building of a gas
liquefaction facility onshore.

Passing the decree law was necessary ‘‘to provide the legal and
contractual framework to progress the project towards final investment
decision,” John Peffer, Anadarko’s country manager for Mozambique,
said in October.

Mozambique’s revenue may reach as much as $212 billion over the life
of the project, based on 45 trillion cubic feet from Anadarko’s Area
1, Standard Bank Group Ltd. said in a July 31 study. That’s less than
half of the total estimated resource.

Area 1 and Eni’s Area 4 combined hold technically recoverable reserves
of 120 trillion cubic feet, according to industry consultant Wood
Mackenzie Ltd.

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Fights break out in Kenyan parliament over controversial anti-terrorism laws
Kenyan Economy

The parliamentary speaker, Justin Muturi, was pelted with books,
documents and other objects by opposition MPs as emotions ran high
over the bill, while on the streets of Nairobi police fired warning
shots and eight demonstrators were reportedly arrested.

“It’s not an anti-terror bill, it’s an anti-media, anti-activist,
anti-citizens bill,” said Boniface Mwangi, an activist and
photographer who fears he will be a target. “They can arrest me
without evidence or a warrant. We are going back to the days of

The bill includes proposals extending the time police can hold terror
suspects from the current 90 days to nearly a year, increasing
sentences, and giving investigators more powers to tap phones.
Landlords would be compelled to provide information about their
tenants. Journalists could face up to three years behind bars if their
reports “undermine investigations or security operations relating to
terrorism,” or if they publish images of terror victims without
permission from the police.

Kenyatta, has said: “There is nothing to fear about the bill unless
you have been engaging in criminal activities.”

But an editorial in the Daily Nation newspaper contended: “The very
real and present dangers must not be used as an excuse to roll back
the gains of a free and democratic society.”

More recently Kenya has been seen as a crucial democratic bulwark in
east Africa, with a vibrant media, a hub of international agencies and
civil society organisations and a flourishing internet sector. Yet
this week alone the government announced it was shutting down more
than 500 non-government organisations and influential blogger Robert
Alai was charged with undermining the presidency after a tweet in
which he called Kenyatta an “adolescent president”.

Matters reached a head in parliament on Thursday where MPs traded
blows before TV cameras. Opposition members shouted, sang and shredded
copies of the bill, warning that Kenya was becoming a police state.
Government supporters hit and tore the clothes of an opposition
senator in the public gallery. Amid the chaos the legislation
eventually passed, with journalists barred from the vote and TV feeds

Campaigners said it defied the popular will. Ndungi Githuku, an artist
and activist, said: “It is a draconian law that the majority of
Kenyans are against. It means we are going back to the dark days when
you could be arrested at any time and the police think you are a
threat to national security. You cannot express yourself freely. You
cannot sing a song that is a ‘threat’ to them. It’s like 1986 when
people were thrown into torture chambers.”

The threat of al-Shabaab should not be used as an excuse, he said.
“I’ve got friends who died at Westgate but we really feel terrorism is
being used as a ploy to control people. If we are able to tighten the
loopholes of corruption we will have fewer people sneaking over the
border or bribing cops.”

The laws were also condemned by Abdullahi Boru, a Kenya analyst and
researcher for Amnesty International. He said: “It speaks to the
paranoia of the government when they can’t control the narrative. It’s
not the media’s fault if the police are corrupt. The elephant in the
room is Kenya’s lack of a plan regarding Somalia.

“Kenya and Kenyatta are trying to model themselves on Rwanda, Uganda
and Ethiopia, but all these three regimes are a function of the way
they came to power. These are governments that were formed in the bush
and are principally military governments. Kenyans need to be cognisant
of that. There are better ways of fighting terrorism than rolling back
the freedoms of the past 20 years.”

Westgate from @CNBCAfrica Bureau #Nairobi on the 19th Floor 451 days ago


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“All democratic safeguards are disappearing one by one. I think it’s just going to be just as bad as [under former President Daniel arap] Moi. It has really become a military regime,” said Yash Gai @FT
Kenyan Economy


The Issue of loss of Narrative control is important and I think that
is just a new real time Normal the World over. Instead of these
blanket-style measures [which are steeped in repression in their
execution and therefore are a Net Loss not a Gain] I think we need to
be improving coordination, collaboration and Intelligence.

@moderncorps  This is One of the Police Station in North Eastern
near our Border.Then you expect Kenya to be secure. Its a SHAME~~>


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Sasini Tea and Coffee reports FY PAT 2014 -50.65% Earnings here
Kenyan Economy

Par Value:                  1/-
Closing Price:           13.30
Total Shares Issued:          228055504.00
Market Capitalization:        3,033,138,203
EPS:             0.10
PE:                130.00

One of Kenya's lead tea and coffee producers.

Full Year Results through September 30th 2014 versus through September 30th 2013
FY Revenue 2.762547b versus 2.816834b
[Losses]Gains arising from change in Fair Value of biological assets
[50.200m] versus 379.098m
FY Results from Operating Activities 87.331m versus 144.730m -39.659%
FY Finance Costs [27.737m] versus [8.631m] +221.631%
FY Profit before Tax 61.793m versus 158.407m -60.99%
FY Profit after Tax 45.241m versus 91.689m -50.65%
FY EPS 0.10 versus 0.54 -81.48%
FY Dividend 25cents a share unchanged

Company Commentary

Tea Price realization dropped sharply from last year's average of
$2.26 per KG to $1.82 per KG.
Reduced Coffee Production levels


They eked out a Profit in a very difficult Year for Tea Prices.

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Lake Turkana Wind Power, the Kenyan wind power project, has signed a $625m Loan the biggest in Kenya Private Sector History apparently
Kenyan Economy

Sunset At Lake Turkana In Kenya

Kenya Shilling versus The Dollar Live ForexPros 90.41

Nairobi All Share Bloomberg +15.301865 2014 [has corrected 5.95678%
since setting a Record on the 8th of this month]


157.56 -2.73 -1.70%

Nairobi ^NSE20 Bloomberg +0.6293% 2014 [1st August 2014 Lows]

4,957.52 -90.69 -1.80%

Every Listed Share can be interrogated here

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Mount Kenya’s Vanishing Glaciers @nytimes
Kenyan Economy

In 1941, an Italian civil servant named Felice Benuzzi was captured by
Allied forces and sent to a prisoner-of-war camp in East Africa. The
camp faced Mount Kenya, 17,000 feet high, and Benuzzi found himself
staring longingly at that larger, snow-blanketed world from the
smallness of his own. Eventually he couldn’t help himself; he decided
to climb the mountain.

It’s important to know two things about the adventure that followed,
which Benuzzi chronicled in his book, “No Picnic on Mount Kenya.”
First, Benuzzi did manage to escape the camp and climb to the summit
of the mountain’s third-highest peak. (He and two other prisoners
spent eight months clandestinely preparing: They made ice-climbing
gear from barbed wire, and because they didn’t have a map of Mount
Kenya, they consulted an illustration of it on a brand of canned
food.) Second, when Benuzzi came back down, after 18 days on the
mountain, he apparently felt so rejuvenated — as if he had absorbed
enough beauty to sustain him — that he decided to sneak back into the
camp and picked up his life again as a prisoner. The mountain was that
large and impressive, that sublime.

It was so cold, and the air so thin, on the mountain that even walking
with his fire-rake for 20 minutes exhausted Norfolk completely. He was
like a man lost on an island, pacing and waving a flame for help. But
his camera, set for an exposure of an hour or more, captured his
movement as a solid line of fire: a burning scar.

Norfolk knew and loved the story of Benuzzi’s climb up Mount Kenya,
but he got a very different feeling from the place. The mountain
didn’t seem overwhelming or otherworldly now, but rather broken and
vulnerable. As Norfolk worked, he could hear meltwater rushing down
the glacier’s flanks. Standing next to that ice field, he says, was
like standing next to “the exhausted remains of something that was
once glorious.” He thought of nature documentaries, of scenes in
which, say, a bull elephant is tranquilized by a researcher and
crumples on the ground. “You can approach it now, because it’s safe,”
Norfolk says. “But you feel its desperateness, as if it is opening one
eye and looking back at you, saying, ‘What have you done to me?' ”

Most of us have probably never felt so indicted, so directly, by
melting ice. Glaciers can feel like far away, abstract things — even
in places like my home, San Francisco, that partly rely on them for
water. Our glaciers, we’re told, are disappearing freakishly fast, but
fast for a glacier can still be too slow for the human imagination to
seize on. They’re like a lot of environmental problems that way: all
these monstrous leaky faucets, on other floors of the house, that we
know we ought to get around to fixing. The challenge, right now, is to
find a way to make the slow deterioration of the world’s beauty feel
as urgent and overpowering from afar as the beauty itself did to a man
like Felice Benuzzi. Jon Mooallem

In search of Lost Ice Mount Kenya Slide Show @nytimes

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The Peaks of Mount Kenya seen from the Slopes of @Fairmontmtkenya @Fairmonthotels [and a mysterious Green Light] 365 days ago
Kenyan Economy

Gatsby believed in the green light, the orgastic future that year by
year recedes before us. It eluded us then, but that's no
matter—to-morrow we will run faster, stretch out our arms farther. . .
And one fine morning——

So we beat on, boats against the current, borne back ceaselessly into the past.”
― F. Scott Fitzgerald, The Great G

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by Aly Khan Satchu (www.rich.co.ke)
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December 2014
08-apr-2011 ::  Rich Podcast 8th April 2011
07-apr-2011 ::  Rich Podcast 7th April 2011
06-apr-2011 ::  Rich Podcast 6th April 2011
05-apr-2011 ::  Rich Podcast 5th April 2011
04-apr-2011 ::  Rich Podcast 4th April 2011
01-apr-2011 ::  Rich Podcast 1st April 2011

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