19th December 2018
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Satchu's Rich Wrap-Up
 
 
Monday 10th of December 2018
 
Morning
Africa
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
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10-DEC-2018 :: Truce dinner @Huawei and a "diss"
Africa


Sirloin steaks, Catena Zapata Nicolas Malbec [2014] Huawei
Technologies Co. and Wanzhou Meng

You will recall that Presidents Trump and Xi Jinping enjoyed a much
anticipated ''Truce'' Dinner at the G20 in Buenos Aires and quaffed a
Catena Zapata Nicolas Malbec [2014] wine with their sirloin steaks and
finished it all off with caramel rolled pancakes, crispy chocolate and
fresh cream, a dinner that ran over by 60 minutes and one where the
dinner Guests broke out into spontaneous applause thereafter.

At the very moment that the G2 Presidents were stuffing their gills,
it has transpired that some 7,000 miles away, Canadian Authorities
were making the arrest of Wanzhou Meng, chief financial officer of
Huawei Technologies Co. at the request of US Authorities.  The U.S. is
seeking the extradition of Wanzhou Meng after convincing Canada to
arrest her on Dec. 1. Canada confirmed she was in custody shortly
after the Globe and Mail reported she had been arrested in connection
with violating sanctions against Iran. Meng is the daughter of the
founder of Huawei, a national champion and deeply embedded in Xi
Jinping's China Inc. Bloomberg said ''While the U.S. routinely asks
allies to extradite drug lords, arms dealers and other criminals,
arresting a major Chinese executive like this is rare -- if not
unprecedented''

“This is sending a signal that there is a new game” said Dennis
Wilder, a former CIA China analyst and senior director for Asia at the
National Security Council under President George W. Bush.

It has also transpired that Ambassador John Bolton was aware of the
arrest at the time. In the hiphop World, this would be called a
[geopolitical] ''Diss''

A diss track or diss song (diss – abbr. from disrespect) is a song
intended to verbally attack someone else, often as a response to
someone's diss track. While musical parodies and attacks have always
existed, the trend became increasingly common in the hip hop genre
fueled by the hip hop rivalry phenomenon. [Wikipedia]

"Huawei used an unofficial subsidiary named Skycom to transact
business in Iran for Iranian telecommunication companies," Crown
attorney John Gibb-Carsley alleged in a Vancouver courtroom. Wanzhou
Meng is being charged with conspiracy to defraud banks. Of course,
Many will rail against the fact that the US' sanction warfare strategy
but this is the way it is. Meng was said to have been a director of
Skycom at one point, Reuters reported in 2013. Skycom tried to sell
S$2.03 million worth of Hewlett-Packard Co computer gear in late 2010,
according to Reuters. Former employees of Skycom have stated that it
was not distinct from Huawei, and that Skycom employees had Huawei
e-mail addresses and badges, according to the Canadian court filing.
Documents obtained through an investigation by the US authorities show
that multiple Skycom bank accounts were controlled by Huawei
employees, the filing said.

Canada will face "grave consequences" [Xinhua: (Ch.) 严重后果] if it does
not immediately release Meng Wanzhou. The Vancouver Real Estate market
which has boomed for decades on the back of Chinese demand looks
horribly exposed. The temptation to ''mug'' the handsome Justin
Trudeau is something the Crown Prince of Saudi Arabia could not resist
and it seems Xi is experiencing the same impulse.

It is worth noting that Huawei is very much in the crosshairs. New
Zealand followed the US and Australia in banning Huawei networking
equipment from 5G communication networks, citing "national security
concerns".  As part of an "extraordinary outreach campaign", US
security officials have reportedly reached out to European and Asian
countries where Huawei equipment is already in use - including the UK,
where Huawei hardware forms a key part of BT's 21st Century Network -
warning them about the "national security risks" posed by the company.
The US is mulling a subsidy for the purchase and maintenance of
non-Chinese equipment by its allies, the WSJ reported noting that one
of the government's main concerns surrounds the use of Chinese telecom
equipment in countries that host US military bases, such as Italy,
Japan and Germany. Germany has already been considering a ban on 5G
equipment from Huawei. In Asia, a ban is also under consideration in
Japan.

An important market for Huawei has been Africa. In fact, Huawei is the
bloodstream of Africa's telecom infrastructure and ubiquitous. How
this plays out in Africa is now an ''above the radar'' issue.

A lot of Folks have been remarkably casual in their assessment of
where this is all going. The US Administration is split with Appeasers
[Wall Streeters] on one side and Hawks [Lighthizer and Navarro] on the
other. Hawks are circling, I am afraid.

Canada will face "grave consequences" if it does not immediately
release Meng Wanzhou. Xinhua: (Ch.) 严重后果 (Eng.) grave consequences
@luoshanji

https://twitter.com/luoshanji/status/1071586521432485888

read more








The Complete Galactic Plane: Up and Down Image Credit & Copyright: Moophz Himself (Maroun Habib)
Africa


Explanation: Is it possible to capture the entire plane of our galaxy
in a single image? Yes, but not in one exposure -- and it took some
planning to do it in two. The top part of the featured image is the
night sky above Lebanon, north of the equator, taken in 2017 June. The
image was taken at a time when the central band of the Milky Way
Galaxy passed directly overhead. The bottom half was similarly
captured six months later in latitude-opposite Chile, south of Earth's
equator. Each image therefore captured the night sky in exactly the
opposite direction of the other, when fully half the Galactic plane
was visible. The southern half was then inverted -- car and all -- and
digitally appended to the top half to show the entire central band of
our Galaxy, as a circle, in a single image. Many stars and nebulas are
visible, with the Large Magellanic Cloud being particularly notable
inside the lower half of the complete galactic circle.

read more


Chyulu Hills In Kenya's famed 'green hills,' saving water means saving forests @ConservationOrg
Africa


Ernest Hemingway called them “The Green Hills of Africa” in 1935 — but
these days they’re not so green.

In 2009, a severe drought killed as much as 90 percent of livestock in
Kenya’s Chyulu Hills. Chronic drought, deforestation and overgrazing
are taking an increasing toll on the hills, whose springs are a major
water source for the more than 1 million people living in the
downstream city of Mombasa.

Overlooking the iconic Mount Kilimanjaro across the border in
Tanzania, the Chyulu Hills emerge between Kenya’s world-famous Tsavo
and Amboseli national parks. Savanna grassland and acacia woodlands
dominate the low-lying areas as far as the eye can see, contrasting
starkly with the lush green cloud forest atop the hills.

From the hills’ highest point (2,188 meters, or 7,180 feet), the
surrounding area may appear devoid of people or wildlife — but looks
can be deceiving. The area holds a huge diversity of species, ranging
from the critically endangered black rhino to large herds of zebra and
wildebeest. Local Maasai herders have also been grazing their cattle
here for generations, co-existing alongside lions and other predators.

read more









Vaslav Nijinsky, in the role of the Golden Slave.
Africa


Carl Van Vechten described him as a “strange, curious, head-wagging,
simian creature, scarce human’, who wriggled through the play, leaving
a long streak of lust and terror in his wake’.

The radio stations are predominantly Spanish: ranchera music,
boleros, corridos, ballads of spurned love, and the distinctive
norteño sound—percussive, driving, no brass @nybooks

http://bit.ly/2ROZCnW

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Yellow vests. Some surprisingly excellent demands: @nntaleb
Law & Politics


- Banning Lobbies (8)
- Smaller Banks (5)
- Banning MONOCULTURE, GMOs, Glyphosate (20)
- Anti Foreign Interventionism (22)
- Pol. Diversity of Media (15)
- Frexit (9)

Some questionable ones (3, 2) .

#GiletsJaunes #YellowVests

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Every automobile in France is supposed to be equipped with a yellow vest. @21WIRE
Law & Politics


So the idea of wearing your yellow vest to demonstrate against
unpopular government measures caught on quickly.

read more



05-DEC-2016:: At this moment, President Putin has Fortress Europe surrounded.
Law & Politics


The intellectual father of the new Zeitgeist that propelled Brexit, Le
Pen, the @Mov5Stelle  in Italy, Gert Wilders in the Netherlands, is
Vladimir Putin. In the Middle East, it is Putin who is calling the
shots in Aleppo, and in a quite delicious irony it looks like he has
pocketed Opec as well.

read more


"Everything bad in Europe is a Kremlin influence operation."
Law & Politics


“The French never protested before Putin invented Twitter.”

“Putin forced Macron to impose a fuel tax on France.”

“Sergey Lavrov ate my hamster.”

Etc.

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Cohen Said Russian Vowed Political `Synergy' for Trump @business
Law & Politics


Michael Cohen spoke with a Russian national who repeatedly proposed a
meeting between Donald Trump and Russian President Vladimir Putin in
the early months of Trump’s presidential bid and offered “political
synergy” for the campaign, according to a filing by Special Counsel
Robert Mueller’s office.

The unidentified Russian, claiming to be a “trusted person” in the
country, told Cohen that a meeting between Trump and Putin could have
a “phenomenal” impact politically and for Trump’s business aspirations
to build a Moscow tower, according to the filing. There is “no bigger
warranty in any project than consent of [the president of Russia],”
the person told Cohen, according to Mueller’s filing.

That November 2015 exchange suggests that outreach between Trump’s
campaign and Russia was broader and possibly earlier than previously
known. It was disclosed in a slim document that described Cohen’s
conversations with Mueller’s office after he pleaded guilty and agreed
to provide information to prosecutors who are investigating Russian
interference in the 2016 election.

The filing accomplished two things. It provided information to the
judge in Manhattan who will sentence Cohen next week. But like
previous court filings by Mueller, it also offered a window into
Mueller’s probe, in this case displaying the breadth of his knowledge
about interactions between Russians and people close to Trump.

“After cheating the IRS for years, lying to banks and to Congress, and
seeking to criminally influence the presidential election, Cohen’s
decision to plead guilty –- rather than seek a pardon for his manifold
crimes -– does not make him a hero,” the prosecutors in Manhattan said
in a filing.

Cohen has pleaded guilty in two cases -- one brought by Mueller and
one brought by Manhattan federal prosecutors -- and admitted nine
crimes, including tax evasion, lying to lawmakers and arranging
payments to silence women claiming to have had affairs with Trump, to
influence the outcome of the 2016 presidential election.

The Manhattan prosecutors said Friday that Trump directed Cohen to
make the payments to the women, adopting statements by Cohen in his
August guilty plea. “Cohen himself has now admitted, with respect to
both payments, he acted in coordination with and at the direction of
Individual-1,” prosecutors wrote, using "Individual-1" as a reference
to Trump.

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05-DEC-2016:: However, my starting point is the election of President Donald Trump because hindsight will surely show that Russia ran a seriously sophisticated programme of interference, mostly digital.
Law & Politics


I have no doubt that Putin ran a seriously 21st predominantly digital
programme of interference which amplified the Trump candidacy. POTUS
Trump was an ideal candidate for this kind of support

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Mueller details how Roger Stone, who the special counsel notes was in frequent contact with Donald Trump and senior campaign officials, directed Corsi to connect with @wikileaks about the trove of stolen materials it received from Russia @thedailybeast
Law & Politics


Mueller is coming. And he is clearly coming for Trump. Not simply for
obstructing justice but for conspiring with a hostile foreign power to
win an election. This is a scandal unlike any America has ever seen.

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05-DEC-2016:: Putin has proven himself an information master, and his adversaries are his information victims.
Law & Politics


He is right, traditional media has been disrupted and the insurgents
can broadcast live and over the top. From feeding the hot-house
conspiracy frenzy on line (‘’a constant state of destabilised
perception’’), timely and judicious doses of Wikileaks leaks which
drained Hillary’s bona fides and her turn-out and motivated Trump’s,
what we have witnessed is something remarkable and noteworthy.

read more


The America hawks circling Beijing @FT
Law & Politics


Writers who warned that the US was determined to thwart China now look
prescient

read more




Currency Markets at a Glance WSJ
World Currencies


Euro 1.1427
Dollar Index 96.49
Japan Yen 112.44
Swiss Franc 0.9881
Pound 1.2742
Aussie 0.7214
India Rupee 71.275
South Korea Won 1123.195
Brazil Real 3.9077
Egypt Pound 17.8385
South Africa Rand 14.1443

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Machine learning identifies cryptocurrency scams before they happen @MIT's @techreview @imperialcollege
International Trade


The emergence of cryptocurrencies in the last few years has been a
roller coaster ride. During 2017, Bitcoin rose in value from $900 to
almost $20,000 before collapsing dramatically. Today, at the beginning
of December 2018, a single bitcoin is worth just under $4,000.
All this has encouraged the rapid development of other
cryptocurrencies—well over 1,000 of them by most estimates. The dream
is that these could reproduce Bitcoin’s success. But the reality is
that few are traded in large volume or are worth anything at all.
The spectacular rise and fall of cryptocurrencies, along with the
supposed anonymity they offer, has unsurprisingly attracted criminals.
The story of cryptocurrencies is littered with thefts, Ponzi schemes,
and other unlawful activities.
But in recent months, one type of fraud has come to the fore:
pump-and-dump schemes. In February, the US Commodity Futures Trading
Commission issued a specific warning to consumers about these scams,
and regulators have begun to actively pursue the ringleaders.
Yet little is known about these schemes, how they are run, and how
they work in detail.
Today that changes thanks to the work of Jiahua Xu and Benjamin
Livshits at Imperial College London. These guys have studied
pump-and-dump schemes in cryptocurrency markets and now publish the
first detailed account of how they work. The researchers even
developed an algorithm that can predict when they are about to occur,
which offers a promising way to subvert or prevent them.
First some background. Pump-and-dump schemes are a well-known ruse in
conventional commodity trading markets but have only recently become
common in cryptocurrencies. The organizer begins by selecting an
obscure cryptocurrency and quietly accumulating it.
The organizer then announces that a pump operation is about to begin
and that a randomly chosen cryptocurrency will be announced at a
specific time. These announcements take place over anonymous channels,
such as Telegram, that interested parties can subscribe to.
At the specified time, the organizer reveals the chosen
cryptocurrency, which happens to be the one they have accumulated.
This is the cue for interested parties to begin buying. The sudden
activity then triggers a sharp increase in the price of the currency.
When the price reaches its peak, a sell-off begins as participants
attempt to make a quick profit at the expense of anybody unlucky
enough to have joined the fun unwittingly or too slowly. All this
activity takes place in just a few minutes.
Of course, the organizer is in a clear position to make the greatest
profit. But a significant number of others take part in the hope of
cashing out early enough to make a profit. Indeed, part of the ruse is
that the “pump” is entirely automated and random, so that nobody can
take advantage of insider information and that only quick reactions
and judgment determine who wins.
Enough people have been fooled by this ruse to make pump-and-dump
schemes increasingly common. Xu and Livshits say that on average there
are two pump-and-dump scams every day and that these generate about $7
million worth of trading volume a month. So somebody is making a
significant amount.
To study the details, the researchers focused on a single
pump-and-dump scam that took place on November 14, 2018, at exactly
19:30 GMT. They gleaned the details by recording announcements over
several Telegram channels, the largest being Official McAfee Pump
Signals, which has over 12,000 members. They then recorded the price
changes and trading volumes of the selected currency
At 19:30:04, Official McAfee Pump Signals revealed the chosen coin, a
little-known cryptocurrency called BVB, which had been created in 2016
by supporters of the German soccer team Borussia Dortmund. However,
the coin had been dormant for over a year, with little trading
activity and a value of about 35 sat (1 sat = 10-8 bitcoin).
Then things started happening quickly. “We notice that the first buy
order was placed and completed within 1 second after the first coin
announcement,” say Xu and Livshits. “After a mere 18 seconds of a
manic buying wave, the coin price already skyrocketed to its peak.”
That was when it reached 115 sat.
Not all the Telegram channels reacted so quickly. Anybody following
Bomba bitcoin “cryptopia” was at a significant disadvantage, since
this channel announced the pump at 19:30:23. “Note that Bomba bitcoin
‘cryptopia’” only announced the coin at the time when the coin price
was already at its peak, making it impossible for investors who solely
relied on their announcement to make any money,” say Xu and Livshits.
Then, as participants took their profits, the price plummeted. “Three
and half minutes after the start of the pump-and-dump, the coin price
had dropped below its open price,” say the researchers. After that,
the trading volume dropped significantly.
Xu and Livshits’s analysis reveals some interesting details about the
event. First, anybody who joined the activity more than 18 seconds
after it started had little hope of making a profit.
And second, participants bought about twice as much BVB coin as they
sold. That suggests many participants are sitting on unsold coins.
“Those coin holders can only expect to reverse the position in the
next pump, which might never come,” say the researchers.
Xu and Livshits studied 236 other pump-and-dump events that took place
between July 21 and November 18. They say that many of them were
preceded by unusual buying activity in the target currency. This would
be consistent with insiders’ accumulating the currency ahead of the
pump. “The study reveals that pump-and-dump organizers can easily use
their insider information to take extra gain at the sacrifice of
fellow pumpers,” say Xu and Livshits.
But the study also suggests a way to spot target currencies before
they are revealed: simply look for unexpected trades in obscure coins.
To find out whether this works, Xu and Livshits used the historical
data from known pump-and-dump schemes to train a machine-learning
algorithm to spot the telltale signs that a scam is about to occur.

read more


The Anatomy of a Cryptocurrency Pump-and-Dump Scheme @imperialcollege
International Trade


Abstract —While pump-and-dump schemes
tracted the attention of cryptocurrency observers and regulators
alike, this paper is the first detailed study of pump-and-dump
activities in cryptocurrency mar- kets. We present a case study of a
recent pump-and- dump event, investigate 220 pump-and-dump activities
organized in Telegram channels from July 21, 2018 to November 18,
2018, and discover patterns in crypto- markets associated with
pump-and-dump schemes. We then build a model that predicts the pump
likelihood of a given coin prior to a pump. The model exhibits high
precision as well as robustness, and can be used to cre- ate a simple,
yet very effective trading strategy, which we empirically demonstrate
can generate a return as high as 80% within a span of only three
weeks.

Due to their end-to-end encryption, programmability, and relative
anonymity, new social media tools such as Telegram1 and Discord have
become cryptocurrency enthusiasts’ preferred communication vehicles.

This paper: In this paper, we trace the message history of over 300
Telegram channels from July to November 2018, and identify 220 pump
events orchestrated through those channels. We analyze features of
pumped coins and market movement of coins before, during, and after
pump-and- dump. We develop a predictive random forest model that gives
the likelihood of each possible coin being pumped prior to the actual
pump event. With an AUC (area under curve) of the ROC (receiver
operating characteristic) curve of over 0.9, the model exhibits high
accuracy and is indicative of the “pumpability” of coins.

Analysis: Our analysis shows that pump-and-dump activities are a lot
more prevalent that previously believed. Specifically, around 100
organized Telegram pump-and-dump channels coordinate on average 2
pumps day which generates an aggregate artificial trading volume of 7
million USD a month

• Prediction: We develop a predictor that, given a pre-pump
announcement can predict the likelihood of each coin being pumped with
an AUC (Area Under Curve) of over 0.9 both in-sample and
out-of-sample. The models confirm that market movements contain hidden
information that can be utilized for monetary purposes.

• Trading strategy: Based on this, we formulate a simple trading
strategy that, based on historical data, gives us a return of 80% over
a period of three weeks, even under strict assumptions.

Set-up: Firstly, the organizer creates a group or channel which is
usually accessible by all users, and recruits as many group members or
channel subscribers as possible by advertising and posting invitation
links on major forums such as Bitcointalk, Steemit, and Reddit. The
group is ready to pump once it obtains enough members (typically above
1,000). Telegram channels only allow subscribers to receive messages
from the channel admin, but not post discussions in the channel. In a
Telegram group, members can by default post messages, but this
function is usually disabled by the group admin to avoid members’
interference.

Pre-Pump announcement: The pump organizer, who is now the group or
channel admin, announces details of the next pump a few days ahead.
The admins broadcast the exact time and date of the announcement of a
coin which would then precipitate a pump of that coin. Other
information disclosed in advance includes the exchange where the pump
will take place and the pairing coin2. The admins advise members to
transfer sufficient funds (in the form of the pairing coin) into the
named exchange beforehand. While the named pump time is approaching,
the admin reminds group members by sending out countdowns, and
emphasizes the pump “rules” that pump members should observe to
maximize the pump profit. Typical “rules of thumb” include 1) make
sure to buy fast, 2) “shill”3 the pumped coin on the exchange chat box
and social media to attract outsiders, 3) “HODL”4 the coin at least
for several minutes to give outsiders time to join in, 4) sell in
pieces and not in a single chunk, 5) only sell at a profit and never
sell below the current price. The admin also gives members a pep talk,
quoting historical pump profits, to boost members’ confidence and
encourage their participation.

Coin announcement: At the pre-arranged pump time, the admin announces
the coin, typically in the format of an OCR (optical character
recognition)-proof image to hinder machine reading (Fig. 1(a)).
Immediately afterwards, the admin urges members to buy and hold the
coin in order to inflate the coin price. During the first minute of
the pump, the coin price typically surges, increasing by several fold.
Dump: A few minutes (sometimes tens of seconds) after the pump starts,
the coin price will reach its peak. While the group admin might shout
“buy buy buy” and “hold hold hold” in the channel, the coin price
still can’t resist dropping. As soon as the first fall in price
appears, pump- and-dump participants start to panic-sell. While the
price might be re-boosted by the second wave of purchasers who buy the
dips (as encouraged by channel admins), chances are the price will
rapidly bounce back to the start price, sometimes even lower. The coin
price declining to the pre- pump proximity also signifies the end of
the dump, since most investors would rather hold the coin than sell at
a loss. A few minutes later, when the coin price and trading volume
recover to approximately the pre-pump level, the admin posts an
analysis that showcases how much the coin price increased by the pump.
It is generally known to pump participants that admins benefit the
most from a pump. Most of the time, the admin is able to sell their
pre- hoarded coins at an inflated price to other group members during
a pump. So why are there still people enthusiastic about partaking a
pump, given the risk of being ripped off by the admins? Because people
believe that there are greater fools out there, who would buy the
coins at an even higher price than their original purchase price. The
greater fool theory also forms the foundation of many other schemes,
such as pyramid scams or ponzi games

The pump-and-dump was or- ganized by at least four Telegram channels,
the largest one being Official McAfee Pump Signals, with a startling
12,333 members. Prior to the coin announcement, the members were
notified that the pump-and-dump would take place on one of the
Cryptopia’s BTC markets (i.e., BTC is the pairing coin). Announcement:
At 19:00 GMT, on Novermber 14, 2018, the channels announced the target
coin in the form of a OCR-proof picture, but not quite simultaneously.
Official McAfee Pump Signals was the fastest announcer, having the
anouncement message sent out at 19:00:04. Bomba bitcoin “cryptopia”
was the last channel that broadcast the coin, at 19:00:23. The target
coin was BVB, a dormant coin that is not listed on CoinMarketCap. The
launch of the coin was announced on Bitcointalk on August 25, 2016.5
The coin was claimed to be made by and for supporters of a popular
German football club, Borussia Dortmund (a.k.a. BVB).

During the first 15 minutes of the pump, BVB’s trading volume exploded
from virtually zero to 1.41 BTC (illus- trated by the tall grey bar
towards the right end of the price/volume chart), and the coin price
increased from 35 Sat7 to its threefold, 115 Sat (illustrated by the
thin grey vertical line inside the tall grey bar).

Three and half minutes after the start of the pump-and-dump, the coin
price had dropped below its open price.

Pump-and-dump distribution by exchange: Among 220 pump-and-dump
activities, 24 (11%) took place in Binance, 8 (4%) in Bittrex, 148
(67%) in Cryptopia 40 (18%) in Yobit

Two extreme examples: the coin announcement of the pump on MST has 325
views and the pump gain was 12.6%; another coin announcement of the
pump on PARTY had only 18 views, and the pump gain was a whopping
533.3%. This suggests the use of bots to read the coin announcement
message (which does not require membership of the group) is involved
in trading.

read more









Congo's Kabila doesn't rule out seeking presidency in future @AP's @carleypetesch
Africa


 Congo’s President Joseph Kabila is stepping down after this month’s
election but he doesn’t rule out seeking the post again in the future.

In a rare interview with The Associated Press, Kabila said he hopes to
continue to be active in tackling the vast challenges in this
mineral-rich but “complicated nation.” He said he has done “the best
that we definitely could” for Congo’s benefit since taking office in
2001 after the assassination of his father, Laurent Kabila. But he
said there is more to be done.

“Well, I am not going to rule out anything in life,” Joseph Kabila,
relaxed and smiling, said. “As long as you are alive and you have
ideas as strong as you have, a vision, you should never rule out
anything.”

That kind of talk has worried Congo’s opposition, which fears that
Kabila will rule from the shadows if his preferred successor, ruling
party candidate and former interior minister Emmanuel Ramazani
Shadary, wins on Dec. 23.

The 47-year-old Kabila dismissed those concerns, saying the
constitution makes it clear that such an arrangement is not possible.
Yet he now acts as moral authority for a recently created political
coalition, the Common Front for Congo, keeping himself close to power.

Kabila is eligible to run again for president in 2023, as Congo’s
constitution merely rules out three successive mandates. For now, he
said he will likely remain in the role of adviser: “If anyone wants
advice from me, I hope they come and ask.”

Kabila called the sanctions against Shadary “unjust and illegal.” EU
officials have confirmed the sanctions will be prolonged this week.

Shadary or whoever is elected “will be the president of this country
and not the president of Europe. God forbid,” Kabila said, laughing.
Engagement with Europe will continue regardless, “so that one day they
come to see the light because they are in darkness, completely in
darkness. Or should I say they’re in a state of denial.”

Kabila sounded pensive about the future, whatever his role. “The work
in this country will never be over,” he said. “The Congo is a country
of a thousand challenges.”

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President Edgar Lungu can stand in presidential elections due in 2021, Zambia's top court ruled on Friday
Africa


The ruling will strengthen Lungu’s hand at a time when Zambia,
Africa’s second largest copper producer, is grappling with mounting
debt and an economic slump caused by depressed commodity prices.
[nL8N1VG03N]
Lungu’s first period in office lasted only one year and six months,
when he took over after the death of the previous elected president
Michael Sata. He then won election in a disputed vote to a second,
full term in August 2016.
Lungu’s supporters argued that the constitution says a president is
only deemed to have served a term if he is in office for at least
three years of the full five-year term.
Constitutional Court President Hildah Chibomba said the ruling by the
seven judges of the court had been unanimous.
“Our answer is that the (Lungu’s first) presidential tenure of
office...cannot be considered as a full term,” Chibomba said.

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Tanzania Bill Threatens Democracy, Opposition Leader Says
Africa


The bill, which was introduced to lawmakers in November, will enable
the Registrar of Political Parties to halt government grants to
parties for up to six months and the authority to deregister them and
supervise their internal affairs.

The proposed legislation “is a threat to multi-party politics in
Tanzania and once it is passed by the national assembly will result in
one-party rule,” Zitto Kabwe, who heads the Alliance for Change and
Transparency Wazalendo, and is an outspoken critic of President John
Magufuli, said on his Twitter account Thursday.

read more


South Africa All Share Bloomberg -14.23% 2018
Africa


Dollar versus Rand 6 Month Chart INO 14.1443

http://quotes.ino.com/charting/index.html?s=FOREX_USDZAR&v=d6&t=c&a=50&w=1

Egypt Pound versus The Dollar 3 Month Chart INO 17.8385

http://quotes.ino.com/charting/index.html?s=FOREX_USDEGP&v=d3&t=c&a=50&w=1

Egypt EGX30 Bloomberg

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

Nigeria All Share Bloomberg -19.29% 2018

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

Ghana Stock Exchange Composite Index Bloomberg -1.74% 2018

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

read more


@nicbankkenya surged +32.45% to close at 30.00 share data
Kenyan Economy


Market Capitalization: $187.118m
EPS: 6.48
PE: 4.630

read more


@SafaricomPLC share price data
Kenyan Economy


Closing Price: 23.00 Market Capitalization: $8.918b EPS:1.38 PE: 16.667

read more


@KenGenKenya share price data
Kenyan Economy


closing Price: 6.98 Market Capitalization: $424.775m EPS: 1.2 PE: 5.817

read more










@CBA_Group_ mobile application platform M-Shwari Data from the @CBKKenya shows that CBA had about 21.5 mn deposit accounts in the period ending September 2018 #cytonnreport @CytonnInvest @NSE_PLC
Kenyan Economy


.@CBA_Group_ & @nicbankkenya a potential combined market share of
10.9% by total deposits, new entity upon merger would be second
largest by market share second only to @KCBGroup that commands
approximately 14.7% market share

read more







 
 
N.S.E Today


The Gilets Jaunes just came, with no organization, no leaders to tell
them where to go or to harangue the crowd. They were just there, in
the yellow vests, angry and ready to explain their anger to any
sympathetic listener. @21WIRE Every automobile in France is supposed
to be equipped with a yellow vest.
I wrote in 12 JAN 15 ::  The arrival of the asymmetric threat on the
streets of Paris was deeply unsettling and will surely keep Europe
off-balance and presages a ‘new normal’.
Mueller is coming. And he is clearly coming for @realDonaldTrump Not
simply for obstructing justice but for conspiring with a hostile
foreign power to win an election This is a scandal unlike any America
has ever seen @thedailybeast
Democrats can’t find a Smocking Gun tying the Trump campaign to Russia
after James Comey’s testimony. No Smocking Gun...No Collusion.”
tweeted Trump.
There is a lot of discussion about the FED's rate path.
 "Because he’s promised a rate hike, [Fed Chair Jerome Powell] risks
stirring a wave of fear if he doesn’t tighten. Investors will start
presuming that something must be wrong, very wrong, that things are
worse than they thought." [Jesse Felder]
Sterling slumped to as low as $1.2655 [a June low] as Investors
fretted about Theresa May's next moves.
BREAKING: Theresa May cancels a vote in the U.K. Parliament on her
Brexit deal to avoid a huge defeat, a source says
RBI [India Reserve Bank] Governor Urjit Patel [who is from Kenya] has
stepped down.
Congo's Kabila doesn't rule out seeking presidency in future in an
interview with @AP's @carleypetesch
The Kenya Shilling has appreciated by 0.6% year to date @CytonnInvest
underpinned by inward remittances [Cumulatively, total diaspora
remittances rose by 39.5% in the 12 months to October 2018 to USD 2.6
bn]
The Nairobi All Share fell 1.53 points to close at 142.52
The Nairobi NSE20 fell 46.81 points to close at 2772.19.
Equity turnover clocked 398.074m.



N.S.E Equities - Agricultural


Sasini Tea and Coffee rallied +3.906% to close at 19.95 and traded
180,800 shares.



N.S.E Equities - Commercial & Services


Safaricom dipped -1.52% to close at 22.65 and traded 13.202m shares.
Safaricom is a Value Proposition at these levels.



N.S.E Equities - Finance & Investment


NIC Bank which ramped +32.45% higher on Friday on the news that it was
in Merger Talks with CBA Bank corrected -8.33% to close at 27.50 and
traded 339,700 shares.
KCB Group eased -0.25% to close at 39.85 and traded 1.014m shares worth 40.452m.
Equity Group closed -0.51% at 39.20 and traded 362,900 shares.

Kenya Re was marked down -4.34% to close at 14.30 and traded 1.057m shares.



N.S.E Equities - Industrial & Allied


KenGen firmed +0.28% to close at 7.00 ahead of its AGM tomorrow in
Kasarani. The Shareholders will be a happy Lot in part because KenGen
ended a dividend drought this year.

--



by Aly Khan Satchu (www.rich.co.ke)
 
 
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December 2018
 
 
 
 
 
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