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Satchu's Rich Wrap-Up
 
 
Wednesday 01st of April 2015
 
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Nigeria's Buhari praises Jonathan for peaceful handover
Law & Politics


In an unprecedented step, Jonathan phoned Buhari to concede defeat and
issued a statement urging his supporters to accept the result, a
signal of deepening democracy in Africa's most populous nation that
few had expected.

"President Jonathan was a worthy opponent and I extend the hand of
fellowship to him," Buhari told journalists and supporters to loud
applause, wearing a black cap and kaftan.

"We have proven to the world that we are people who have embraced
democracy. We have put one-party state behind us."

The 72-year-old general, who first came to power three decades ago via
a military coup, campaigned as a born-again democrat intent on
cleaning up the corrupt politics of Africa's most populous nation.

The margin of victory - Buhari got 15.4 million votes to Jonathan's
13.3 million - was enough to prevent any challenge.

The rules state he must officially hand over on May 29.

Conclusions


My Friend in Kinshasa Herve Gogo called it a ''Democracy'' Earthquake
and he is not wrong.

read more





Iran Nuclear Talks Push Through Deadline, Deal Is Close [Iran told to make a deal by Dawn]
Law & Politics


As U.S. and Iran Seek Nuclear Deal, Saudi Arabia Makes Its Own Moves NY TIMES

http://www.nytimes.com/2015/03/31/world/middleeast/saudis-make-own-moves-as-us-and-iran-talk.html?smid=tw-share&_r=0

As America talks to Iran, Saudi Arabia is lashing out against it.

The kingdom, Iran's chief regional rival, is leading airstrikes
against an Iranian-backed faction in Yemen; backing a blitz in Idlib,
Syria, by jihadists fighting the Iranian-backed Assad regime; and
warning Washington not to allow the Iranian-backed militia to capture
too much of Iraq during the fight to roll back the Islamic State,
according to Arab diplomats familiar with the talks.

Through Egypt, a major beneficiary of Saudi aid, the kingdom is
backing plans for a combined Arab military force to combat Iranian
influence around the region. With another major aid recipient,
Pakistan, Saudi Arabia is also expected to step up its efforts to
develop a nuclear bomb, potentially setting off an arms race in the
region.

As America talks to Iran, Saudi Arabia is lashing out against it.


The kingdom, Iran's chief regional rival, is leading airstrikes
against an Iranian-backed faction in Yemen; backing a blitz in Idlib,
Syria, by jihadists fighting the Iranian-backed Assad regime; and
warning Washington not to allow the Iranian-backed militia to capture
too much of Iraq during the fight to roll back the Islamic State,
according to Arab diplomats familiar with the talks.

Through Egypt, a major beneficiary of Saudi aid, the kingdom is
backing plans for a combined Arab military force to combat Iranian
influence around the region. With another major aid recipient,
Pakistan, Saudi Arabia is also expected to step up its efforts to
develop a nuclear bomb, potentially setting off an arms race in the
region.

Conclusions

read more


28-OCT-2013 If the pax Americana in the Middle East were a three legged stool with the US the most important leg, then Israel and Saudi Arabia are the other two legs of that stool.
Law & Politics


Neither Riyadh nor Tel Aviv are aligned with President Obama's Iranian
rapprochement and Saudi Arabia in particular has become increasingly
forthright and is even threatening its own pivot and away from the US.

read more


Airstrikes carried out by a Saudi-led alliance on Monday hit a weapons storage depot in Sana, Yemen, a city the Iranian-backed Houthi movement controls.
Law & Politics


"The Houthi militia and agents of the former president -- supported by
Iran -- insist to meddle in Yemen, reshuffle the cards, rob the Yemeni
will, make a coup against the constitutional legitimacy and reject all
peaceful solutions," al-Faisal said

read more


Currency Markets at a Glance WSJ
World Currencies


Euro 1.0773
Dollar Index 98.11
Japan Yen 119.864
Swiss Franc 0.96955
Pound 1.4847
Aussie 0.7619
India Rupee 62.355
South Korea Won 1102.91
Brazil Real 3.1932
Egypt Pound 7.6292
South Africa Rand 12.0747

read more






Crude Oil 3 Month Chart INO 47.42 [Target below 40.00]
Commodities


Oil futures edged lower on Wednesday amid speculation that a
last-minute deal over Iran's nuclear program would be reached that
could allow more Iranian crude into world markets.

Emerging Markets

Frontier Markets

read more


(Reuters) - President Barack Obama spoke with President Joseph Kabila of the Democratic Republic of the Congo on Tuesday, the White House said.
Africa


The two leaders spoke about their commitment to ending the threat of
armed groups, specifically the Democratic Forces for the Liberation of
Rwanda, the White House said in a statement.

Obama underscored the need for peaceful and credible elections in the
country in 2016.

read more


Mahmoud Abdrabo conducted the sentiment analysis of 1,5-million tweets over a 20-day period in 50 countries, finding the African mood on Twitter mostly negative.
Africa


About 74% of the tweets analysed in 50 African countries are negative,
10% are positive, and 16% are neutral. The only exception is
Madagascar with more balanced sentiment ratings of 44% positive, 44%
negative and 12% neutral tweets. The findings which support that
Madagascar is the happiest country on the continent could be
attributed to tweets generated by tourists visiting the world's fourth
largest island.

Sierra Leone in West Africa had the highest negative sentiment at 80%,
with 12% neutral and 8% positive tweets. The rest of the African
countries analysed had nearly similar results. South Africa, for
example, scored a 75% negative sentiment, 15% neutral and only 10%
positive. Like South Africa, Egypt scored only 10% positive, 73%
negative, and 17% neutral.

read more




Muhammadu Buhari won Nigeria's presidency on Tuesday, the first time in 16 years of democracy that an opposition candidate has defeated a sitting president.
Africa


"Look at that old car -- that's his only car," said Sgt. Garba
Abdullahi, who had been posted at Buhari's gate by the Nigerian
military. "He is a man of the people, not like the corrupt guys."

read more


Nigeria All Share Bloomberg -7.02% 2015
Africa


31,753.15 +662.34 +2.13%

Ghana Stock Exchange Composite Index Bloomberg -1.73% 2015

http://www.bloomberg.com/quote/GGSECI:IND

read more


Obama, Last Election Behind Him, Plans First Visit as President to Kenya NY Times
Kenyan Economy


WASHINGTON -- For years, Kenya has been a political headache for
President Obama and a geopolitical headache for the United States.
But
now in his seventh year in office, with his last election behind him,
Mr. Obama has decided to embrace his heritage by visiting the land of
his father for the first time as president.

Mr. Obama will travel to Kenya in July to co-host a forum on
entrepreneurship as part of an effort to support economic development
in Africa, the White House announced Monday. In the process, the
president may hope to exorcise some of the ghosts that have haunted
his relationship with his family's home country -- so much that he once
felt obliged to produce a birth certificate to prove he was not born
there.

Until now, Mr. Obama has resolutely avoided stopping in Kenya while in
office, bypassing it during three previous presidential trips to
sub-Saharan Africa. In addition to the chattering such a stop would
presumably provoke among those who still refuse to believe he was born
in the United States, the idea of a visit to Kenya was also
problematic on the diplomatic front because of political instability
and charges of crimes against humanity lodged against that country's
president.

Now, the case against the president, Uhuru Kenyatta, has been dropped,
and the perennial talk about Mr. Obama's birth has faded in the United
States. So Mr. Obama seems to have concluded that a Kenya trip is
acceptable at home and abroad.

As the White House announced the visit, it tried to present it as a
powerful symbol of America's longstanding ties to Africa as
represented by its African-American president.

"Just as President Kennedy's historic visit to Ireland in 1963
celebrated the connections between Irish-Americans and their
forefathers, President Obama's trip will honor the strong historical
ties between the United States and Kenya -- and all of Africa -- from
the millions of Americans who trace their ancestry to the African
continent," two national security aides to Mr. Obama, Grant Harris and
Shannon Green, wrote on the White House website.


White House officials said that Mr. Obama would address human rights
issues during his visit. But they emphasized the progress Kenya has
made, to be highlighted at the Global Entrepreneurship Summit meeting,
the first time the six-year-old forum, founded by Mr. Obama, will be
held in sub-Saharan Africa.

"Choosing Kenya as the destination for G.E.S. underscores the fact
that Africa, and Kenya in particular, has become a center for
innovation and entrepreneurship," Mr. Harris and Ms. Green wrote.

read more


Equity Bank plans to expand to ten countries in the next five years at a cost of Sh200 billion, it announced Tuesday @BD_Africa
Kenyan Economy


Equity builds Sh20bn war chest for Africa buyouts

The lender said it had already signed loan agreements for Sh36 billion
($400 million)--and Tuesday created additional shares worth Sh20
billion to be used in the acquisition process.

The bank which currently operates in five countries said it will raise
the remaining Sh160 billion through a rights issues or a secondary
initial public offering.

Equity plans to enter Ethiopia, Burundi and the Democratic Republic of
Congo in the next two years before expanding southwards to Mozambique,
Malawi, Zambia and Zimbabwe.

The bank will turn to West Africa after five years, eyeing Nigeria,
Ghana and Cameroon.

"In some countries it is difficult to start from scratch because they
are too big so we will enter by acquiring a medium-tier bank and
upscale it. For acquisition we will give shares in Equity Bank instead
of cash which is why we are asking you to create new shares," said the
bank's chief executive James Mwangi.

Mr Mwangi said the bank will make acquisitions in three countries with
the rest being new investments.

The shareholders, however, capped the cash to be spent in each at Sh9
billion ($100 million).

read more


Equity Group share price data and FY 2014 Earnings here
Kenyan Economy


Par Value:                  0.50/-
Closing Price:           52.00
Total Shares Issued:          3702777020.00
Market Capitalization:        192,544,405,040
EPS:             4.63
PE:                 11.231

read more



EABL share price data here
Kenyan Economy


Par Value:                  2/-
Closing Price:           311.00
Total Shares Issued:          790774356.00
Market Capitalization:        245,930,824,716
EPS:             8.83
PE:                 35.221

Nairobi Land Prices

pic.twitter.com/Q9HwgFfEUy

Kenya Shilling versus The Dollar Live ForexPros

http://j.mp/5jDOot

Nairobi All Share Bloomberg +7.501% 2015

http://www.BLOOMBERG.COM/quote/NSEASI:IND

Nairobi ^NSE20 Bloomberg +2.66% 2015

http://j.mp/ajuMHJ

5,248.16 +5.54 +0.11%

Every Listed Share can be interrogated here

http://www.rich.co.ke/rcdata/nsestocks.php

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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April 2015
 
 
 
 
 
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