26th June 2019
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Satchu's Rich Wrap-Up
 
 
Tuesday 18th of June 2019
 
Morning
Africa

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Macro Thoughts

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#ECB cuts odds have just shifted by 7 months!!: Huge change to the rate outlook. @forexflowlive
Africa


We were looking at the numbers yesterday and rates cut pricing was
picking up from Mar 2020, with a cut expected by Oct 2020. No w the
cut is expected by Mar 2020. $EUR $EURUSD

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"In the desert I had found a freedom unattainable in civilization" Wilfred Thesiger
Africa


“In the desert I had found a freedom unattainable in civilization; a
life unhampered by possessions, since everything that was not a
necessity was an encumbrance. I had found too, a comradeship inherent
in the circumstances, and the belief that tranquility was to be found
there.”  ― Wilfred Thesiger

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17-JUN-2019 :: Hong Kong is savouring a quite momentous Geopolitical Victory
Law & Politics


Essentially, he understood Hong Kong could not be ''Xinjiang-ed''
Furthermore, being a ''Paramount Leader'' is a double-edged Sword

“This is all on Xi’s shoulders,” said Trey McArver, co-founder of
Beijing-based research firm Trivium China. [Bloomberg]
“Xi has personally said that he would handle relations with the United
States and at this point he has failed. Those relations are spiraling
out of control.” [Bloomberg]

The Periphery is a Boil that will not be lanced. Official Economic
data out of China is beginning to roll over with Industrial production
at 2002 lows. I would venture that if President Trump could dial down
the theatrics, it would be very clear that his Signature Tariff Policy
[coercive, sanction, currency etc warfare] is inflicting a lot more
pain than is being inflicted on it. President Xi spent his 66th
birthday being fed Russian ice-cream by his Bestie Vladimir in
Dushanbe and who would not because Ice-Cream is comfort food after
all. I think one touch 7.50 USD CNH Calls are worthy of a keen look.

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This is how Hong Kong got a million protesters out on the streets
Law & Politics


#环球时报 Editorial: Radical opposition groups in #HongKong are
colliding with hostile forces out of their own political motivations
@globaltimesnews

https://twitter.com/globaltimesnews/status/1138843430291947520

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What Really Happened to Malaysia's Missing Airplane #MH370 @TheAtlantic
Law & Politics


Eleven minutes later, as the airplane closed in on a waypoint near the
start of Vietnamese air-traffic jurisdiction, the controller at Kuala
Lumpur Center radioed, “Malaysian three-seven-zero, contact Ho Chi
Minh one-two-zero-decimal-nine. Good night.” Zaharie answered, “Good
night. Malaysian three-seven-zero.” He did not read back the
frequency, as he should have, but otherwise the transmission sounded
normal. It was the last the world heard from MH370. The pilots never
checked in with Ho Chi Minh or answered any of the subsequent attempts
to raise them.

At that moment, the airplane should have been landing in Beijing. The
search for it was initially concentrated in the South China Sea,
between Malaysia and Vietnam. It was an international effort by 34
ships and 28 aircraft from seven different countries. But MH370 was
nowhere near there. Within a matter of days, primary-radar records
salvaged from air-traffic-control computers, and partially
corroborated by secret Malaysian air-force data, revealed that as soon
as MH370 disappeared from secondary radar, it turned sharply to the
southwest, flew back across the Malay Peninsula, and banked around the
island of Penang. From there it flew northwest up the Strait of
Malacca and out across the Andaman Sea, where it faded beyond radar
range into obscurity.

 It turned out that MH370 had continued to link up intermittently with
a geostationary Indian Ocean satellite operated by Inmarsat, a
commercial vendor in London, for six hours after the airplane
disappeared from secondary radar. This meant that the airplane had not
suddenly suffered some catastrophic event. During those six hours it
is presumed to have remained in high-speed, high-altitude cruising
flight. The Inmarsat linkups, some of them known as “handshakes,” were
electronic blips: routine connections that amounted to the merest
whisper of communication, because the intended contents of the
system—passenger entertainment, cockpit texts, automated maintenance
reports—had been isolated or switched off. All told, there were seven
linkups: two initiated automatically by the airplane, and five others
initiated automatically by the Inmarsat ground station.

After six hours, the Doppler data indicated a steep descent—as much as
five times greater than a normal descent rate. Within a minute or two
of crossing the seventh arc, the plane dived into the ocean, possibly
shedding components before impact. Judging from the electronic
evidence, this was not a controlled attempt at a water landing. The
airplane must have fractured instantly into a million pieces.

Then came July 29, 2015. About 16 months after the airplane went
missing, a municipal beach-cleanup crew on the French island of
Réunion came upon a torn piece of airfoil about six feet long that
seemed to have just washed ashore. The foreman of the crew, a man
named Johnny Bègue, realized that it might have come from an airplane,
but he had no idea which one. He briefly considered making it into a
memorial—setting it on an adjacent lawn and planting some flowers
around it—but instead he called a local radio station with the news. A
team of gendarmes showed up and took the piece away. It was quickly
determined to be a part of a Boeing 777, a control surface called a
flaperon that is attached to the trailing edge of the wings.
Subsequent examination of serial numbers showed that it had come from
MH370.

In June 2016, Gibson turned his attention to the remote northeastern
shores of Madagascar. This turned out to be the mother lode. Gibson
says he found three pieces on the first day, and another two a few
days later. The following week, on a beach eight miles away, three
more pieces were delivered to him. And so it has gone ever since. Word
has gotten around that he will pay for MH370 debris. He says he once
paid so much for a piece—$40—that an entire village went on a day-long
bender. Apparently the local rum is cheap.

What Gibson’s discovery of so many bits of debris has confirmed is
that the signals analysis was correct. The airplane flew for six hours
until the flight came suddenly to an end. There was no effort by
someone at the controls to bring the airplane down gently. It
shattered.

For example, a British woman who blogs under the name of Saucy
Sailoress and does Tarot readings for hire was vagabonding around
southern Asia with her husband and dogs in an oceangoing sailboat. She
says that on the night MH370 disappeared they were in the Andaman Sea,
and she spotted what looked like a cruise missile coming at her. The
missile morphed into a low-flying airplane with a well-lit cockpit,
bathed in a strange orange glow and trailing smoke.

in truth, a lot can now be known with certainty about the fate of
MH370. First, the disappearance was an intentional act. It is
inconceivable that the known flight path, accompanied by radio and
electronic silence, was caused by any combination of system failure
and human error.

All through the Strait of Malacca, the airplane continued to be
hand-flown. It is presumed that everyone in the cabin was dead by this
point. At 2:22 a.m., the Malaysian air-force radar picked up the last
blip. The airplane was 230 miles northwest of Penang, heading
northwest into the Andaman Sea and flying fast.

Of all the profiles extracted from the simulator, the one that matched
MH370’s path was the only one that Zaharie did not run as a continuous
flight—in other words, taking off on the simulator and letting the
flight play out, hour after hour, until it reached the destination
airport. Instead he advanced the flight manually in multiple stages,
repeatedly jumping the flight forward and subtracting the fuel as
necessary until it was gone. Iannello believes that Zaharie was
responsible for the diversion. Given that there was nothing technical
that Zaharie could have learned by rehearsing the act on a gamelike
Microsoft consumer product, Iannello suspects that the purpose of the
simulator flight may have been to leave a bread-crumb trail to say
goodbye. Referring to the flight profile that MH370 would follow,
Iannello said of Zaharie, “It’s as if he was simulating a simulation.”
Without a note of explanation, Zaharie’s reasoning is impossible to
know. But the simulator flight cannot easily be dismissed as a random
coincidence.

Either way, somewhere along the seventh arc, after the engines failed
from lack of fuel, the airplane entered a vicious spiral dive with
descent rates that ultimately may have exceeded 15,000 feet a minute.
We know from that descent rate, as well as from Blaine Gibson’s
shattered debris, that the airplane disintegrated into confetti when
it hit the water.

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25-AUG-2014 The signal announcing this new arrhythmic normal was the disappearance of #MH370
Law & Politics


’”We are not witnessing the flow of information so much as pure
spectacle, or information made sacred, ritually unreadable. The small
monitors of the office, home and car become a kind of idolatry here,
where crowds might gather in astonishment.’’

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India is projected to overtake China as the world's most populous country around 2027 and reach a population peak around 2060. @business
Law & Politics


Dynamic shifts in the world’s population are underway.
In 20 years time, the populations of high-income countries are
expected to peak and for many major economies population declines are
already underway.
Most of Europe is shrinking and by 2100, its expected to decrease by
120 million people, from close to 750 million today to about 630
million, according to United Nations population data released today.
Italy alone is expected to drop by 20 million people, Germany by nine
million and the populations of Albania, Moldova, and Serbia are
expected to shrink by half.
The U.K. is the main European exception. It is expected to increase
its population by 10 million people. Norway, Sweden, Switzerland and
Ireland are also expected to see gains.
Outside of Europe some of the population shifts are even more
dramatic, India is projected to overtake
China as the world’s most populous country around 2027 and reach a
population peak around 2060. China’s population is expected to fall by
375 million by 2100.
The world population is expected to reach 9.7 billion in 2050 and
could peak at nearly 11 billion around 2100.
In terms of the top 10 largest countries, Brazil, Bangladesh, Russia
and Mexico are expected to be replaced by Ethiopia, Egypt, DR Congo
and Tanzania.
The United States drops to fourth as Nigeria takes the third spot.
“Many of the fastest growing populations are in the poorest
countries,” said Mr. Liu Zhenmin, United Nations
Under-Secretary-General for Economic and Social Affairs.
By 2100, less than one in ten people will be Chinese from close to one
in five today.

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Africa to propel world's population towards 10bn by 2050 @FT
Law & Politics


Sub-Saharan Africa’s population is set to double over the next 30
years, adding an additional 1bn people and putting it on track to
overtake central and south Asia soon after as the world’s most
populous region.
The high fertility rates south of the Sahara mean that region of
Africa will account for more than half of global population growth
between now and 2050, according to projections from the UN Population
Division report released on Monday. The region’s population will still
be rising fast at the end of the century, when the number of people
living in much of Asia and elsewhere will be in decline.
The trend is exemplified by Nigeria, whose population has already
surged from 95m in 1990 to 201m this year. Nigeria’s population is set
to double again to more than 400m by 2050, when it will have overtaken
the US as the world’s third most inhabited country.
In Niger, where women on average have seven children, the highest
birth rate in the world, the population is projected to almost triple
to 66m over the same time period.
“In 2050 it is expected that Niger will be the only country in the
world experiencing a fertility level greater than four births per
woman over a lifetime,” the report said.
Liu Zhenmin, UN head of economic and social affairs, commented: “Many
of the fastest growing populations are in the poorest countries, where
population growth brings additional challenges in the effort to
eradicate poverty, achieve greater equality, combat hunger and
malnutrition and strengthen . . . health and education systems.”
The report predicted the number of human inhabitants in the world
would grow from 7.7bn today to 9.7bn in 2050 and 10.9bn in 2100.
 “The global population continues to grow, but the rate of increase is
slower today than at any time since 1950 and we expect it to continue
to slow over the coming decades,” said Thomas Spoorenberg, UN
population affairs officer.
Demographic experts analysed trends in fertility, mortality and
migration for a year to come up with the projections, which are
slightly below the previous estimates issued two years ago.
India is expected to overtake China as the world’s most populous
country in or near 2027. By 2050, India with 1.6bn people will be well
ahead of China whose population will then be back at the 2019 level of
1.4bn. Pakistan’s population, which stands at 217m, is one of the
fastest growing outside Africa and a projected 338m in 2050.
At the other extreme, some places are experiencing population decline
as a result of low fertility and high emigration rates.
Twenty-seven countries have fewer inhabitants now than in 2010 and the
number expected to experience a decline between today and 2050 is 55.
Population is falling fastest in eastern Europe, where Lithuania
stands out with a decline of 12 per cent between 2010 and 2019 and a
further decrease of 27 per cent projected from now to 2050.
Although fertility and death rates drive global population changes,
migration to escape violence or poverty can have a large local impact.
Syria is the most striking example, recording a 20 per cent population
decline since 2010 as a result of people fleeing the civil war.
Puerto Rico has lost 17 per cent of its inhabitants since 2010 through
emigration and is expected to lose another 17 per cent over the next
30 years. T
The US has gained the most immigrants over the past 10 years — about
10m people — and Germany has added 5m.
People also continue to live longer, the UN report showed. Average
life expectancy at birth increased from 64.2 years in 1990 to 72.6 in
2019 and is expected to increase further to 77.1 in 2050.
The longevity differential between rich and poor countries has been
closing, though life expectancy in the least developed countries is
still 7.4 years behind the global average, due largely to high levels
of child and maternal mortality, as well as violence, conflict and the
continuing impact of the Aids epidemic.
Robin Maynard, director of Population Matters, a UK-based charity,
welcomed the slight downwards adjustment in population projections.
“But these figures nail the myth that population is going to decline
soon,” he said. “There is only a one-in-four chance of that happening
by the end of the century.”

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Currency Markets at a Glance WSJ
International Trade


Euro 1.1195
Dollar Index 97.674
Japan Yen 108.34
Swiss Franc 0.9967
Pound 1.2525
Aussie 0.6842
India Rupee 69.8105
South Korea Won 1186.30
Brazil Real 3.8889
Egypt Pound 16.7595
South Africa Rand 14.80

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@Huawei founder Ren Zhengfei has said international sales of the Chinese telecoms giant's handsets have sunk 40% in the past month BBC
World Currencies


"In the coming two years, the company will cut production by $30bn,"
Mr Ren said at a panel discussion at the firm's headquarters in
Shenzhen.
Sales are now expected to remain flat at $100bn in 2019 and 2020.
Earlier this year, Huawei had predicted sales of about $125bn for
2019.
However, Mr Ren said the company would "regain [its] vitality" in 2021.

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17-JUN-2019 :: 'So lets start with the enigmatic and mercurial Fugitive and Bitcoin evangelist John McAfee,
Law & Politics


So lets start with the enigmatic and mercurial Fugitive and Bitcoin
evangelist John McAfee, who always seems to pop up in my Feed like an
acid Trip whenever Bitcoin is doing its Parabola imitation.

''But it is a curve each of them feels, unmistakably. It is the
parabola.  They must have guessed, once or twice -guessed and refused
to believe -that everything, always, collectively, had been moving
toward that purified shape latent in the sky, that shape of no
surprise, no second chance, no return.’’

Bitcoin is trading at Fresh Highs of $9,270.00 and aside from Beyond
Meat and Zoom has posted the best returns in 2019 and is in triple
digit % gain territory.

Paul Virilio captured the essence of our c21st Zeitgeist with this quote

'''Wealth is the hidden side of speed and speed the hidden side of wealth'

Bitcoin, Beyond Meat and Zoom is Virilio's quote expressed in market
terms. Bitcoin is something like 50% below the All Time Highs. I
recommended Bitcoin this year at $5,350.00. I am recommending Bitcoin
again on a supreme conviction basis. A great deal of the Price surge
is correlated to Chinese Flight Capital, in my opinion.

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Africa doesn't need to follow the Asian development model focused on exporting manufactured goods to richer countries -- it could become significantly better off simply by producing more of what it consumes at home, Bloomberg Economics.
Africa


There’s huge potential for growth in intra-African commerce, which
currently accounts for just 15% of total African trade.
But high transport costs means that sub-regional integration is more
likely to deliver gains with the East African Community, which may
soon include the Democratic Republic of Congo, leading the way.

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Will Africa's historic Free Trade Agreement succeed? African Continental Free Trade Agreement #AfCFTA @AJENews @AJInsideStory @MartineDennis
Africa


Presenter: Martine Dennis
Guests:
Aly-Khan Satchu - CEO of Rich Management and an emerging markets economist
Stephen Yeboah - cofounder of Commodity Monitor
Olusegun Okubanjo - founder and managing partner of finance firm OBSIDIAN

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Airtel Africa expects London IPO to be priced between 80-100 pence share @ReutersAfrica
Africa


Airtel Africa Ltd, a unit of India’s Bharti Airtel Ltd, on Monday set
a price range of 80 to 100 pence per share for its planned initial
public offering on the London Stock Exchange.
The IPO is expected to raise 595 million pounds ($749.05 million) from
the issuance of about 595.2 million to 744 million new shares.
The company said the price range values it between 3.01 billion pounds
and 3.62 billion pounds at the price range.

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Don't be in a rush to do business in world's top cobalt producer
Africa


When a foreign investor with multimillion-dollar projects across
Africa was told the president of the Democratic Republic of Congo
wanted to see him, he booked a suite at one of the country’s top
hotels. After six days of waiting, he left.
Since Felix Tshisekedi took the helm of the world’s biggest cobalt
producer almost five months ago, private planes jam the main airport
in Kinshasa, the capital, and hotel lobbies teem with businessmen and
Congolese who’ve returned from countries such as the U.S. and South
Africa with hopes of working with his administration. But it’s been
slow going. Tshisekedi only appointed a prime minister last month and
hasn’t yet named a cabinet.
“Nobody knows what’s going on -- it’s very difficult for businessmen
to make sense of what is happening because there is no government,”
said Claude Kabemba, director of Johannesburg-based Southern Africa
Resource Watch. “Those who are driving the process are not very
concerned about the day-to-day activities of the government and not
much concerned about investment.”
Huge challenges confront Tshisekedi, 55. The largest and one of the
least-developed nations in sub-Saharan Africa, Congo relies entirely
on mining for its exports. It’s also one of the most difficult places
to get anything done, with the World Bank ranking it 184th out of 190
countries in its latest Doing Business report, just above South Sudan,
but below war-torn Central African Republic.
“We’re looking at a new beginning for Congo,” Mundela said. “My
president is inundated by requests for meetings from investors. You
have to vet them to find out who is good and who isn’t.”
With his siblings, Kabila built a business empire worth brought
hundreds of millions of dollar, a Bloomberg investigation found.
“In Congo, we have everything the world needs,” he said. “Congo isn’t
going to eat its gold, its copper, its cobalt. Congo wants it to be
transformed so that we can have access to what we need for our
people.”The World Bank says that about 90% of all business activities
in Congo take place “below the radar,” public institutions are
dysfunctional and some state workers haven’t been paid in years.
Tshisekedi’s ability to pass laws will be restrained in the 500-member
parliament and the Senate, where Kabila’s Common Front for Congo
coalition, or FCC, won overwhelming majorities. The group further
tightened its grip on parliament after the Constitutional Court
disqualified the election of 23 opposition lawmakers last week. On a
provincial level, all 26 governors except one are Kabila allies.
While Tshisekedi rejected allegations he made a backroom deal with
Kabila to keep Fayulu out of the presidency, he’s agreed to govern
Congo in coalition with the FCC -- enabling Kabila to continue to have
a huge say in the way the country is run.
“Felix is a puppet,” Fayulu, 62, said in an interview. “Kabila spent
18 years in power and did nothing for the people. Do you really think
Kabila would let Felix Tshisekedi succeed?”

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South Africa All Share Bloomberg +10.35% 2019
Africa


South Africa’s second-biggest insurer @OldMutualSA said on Friday it
had terminated the employment of suspended CEO Peter Moyo
@ReutersAfrica

http://bit.ly/2KXaXSg

Dollar versus Rand 6 Month Chart INO 14.788

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

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Mohamed Mursi, Who Ruled Egypt Between Two Revolts, Has Died
Africa


“He was held in solitary confinement for almost six years, placing a
considerable strain on his mental and physical well-being and
violating the absolute prohibition against torture and other
ill-treatment under international law,” Amnesty International said.
The Brotherhood, a near-century-old movement that seeks to build
societies centered on Islamic law, faced a sweeping crackdown in the
wake of Mursi’s removal, with security forces killing hundreds of its
supporters and imprisoning thousands.
“There’s no way to divorce Mursi’s fate from that of the Brotherhood,”
said Hani Sabra, founder of the Alef Advisory consultancy in New York.
“They were one and the same. He went the way of the Brotherhood.”
Turkish President Recep Tayyip Erdogan, a fierce critic of Mursi’s
overthrow, described him on Twitter as a “martyr.”

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Egypt Pound versus The Dollar 3 Month Chart INO 16.7614
Africa


Egypt EGX30 Bloomberg +9.25 2019

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

Smartphone shipments to Nigeria dropped 11.9% to 2.3 million units
in the first quarter from a year earlier. @qzafrica

http://bit.ly/2FbNzfN

Nigeria All Share Bloomberg -4.75% 2019

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

Ghana Stock Exchange Composite Index Bloomberg -4.18% 2019

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

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Africa


US oil major Anadarko will on Tuesday formally announce one of the
biggest investments ever made in Mozambique.
The development plan for Rovuma Basin Area 1 in Cabo Delgado,
Mozambique’s northernmost province, is estimated at US$25 billion –
twice the country’s gross domestic product, meaning double the wealth
which the country produces each year. The final investment
decision-making ceremony is scheduled for Tuesday, June 18, and
represents only half of the promised prosperity, because a similar
sized plan has already been approved by the government for another
consortium operating in Area 4 of the same Rovuma basin, whose final
announcement may happen by the end of the year. Natural gas projects
are expected to go into production in about five years’ time and boost
the country’s economy growth to more than 10 percent a year, according
to the International Monetary Fund and other entities. To get there,
Area 1 will invest US$25 billion in drilling the seabed and piping
natural gas 40 kilometres to a new factory on the Afungi peninsula in
Palma district, where it will be liquefied. A special wharf will be
built at the site of the the liquefied natural gas factory to be
exported  mainly to Asian markets in China, Japan, India, Thailand and
Indonesia, and also to European markets via Electricity of France,
Shell or British Centric. A smaller portion will stay in the country
and used for electricity production or turned into liquid fuels and
fertilisers in Mozambique.
Everything should be ready by 2024. The Area 1 plan initially foresees
two gas liquefaction lines with a total production capacity of 12.88
million tons per year (mtpa), but the venture could expand to up to
eight lines. The ambition is justified by the size of the discovery
made since 2010 in Area 1 and amounting to 75 trillion cubic feet
(tcf) of gas deposits buried beneath the sea bed – a giant number: 75
followed by twelve zeros. In the neighbouring Area 4, the value will
reach 85 tcf. Anadarko considers its Area 1 deposits equivalent to
twice the gas and oil that is to be exploited in the British North Sea
area and classifies the Rovuma basin as the second-largest hydrocarbon
exploration zone in the world.

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Carrefour franchisee to open first Ugandan store
Africa


Carrefour will open its first store in Uganda this year, expanding in
the region after a successful launch in neighbouring Kenya, the
Dubai-based operator of the French retailer’s outlets said on Tuesday.
Majid al Futtaim (MAF), a United Arab Emirates-based mall developer
that holds Carrefour franchise rights in 37 countries, opened its
first store in Kenya in 2016, securing rapid growth in a country where
just 30 percent of retail transactions take place on the formal
market.
MAF has already secured space at a large mall in the Ugandan capital
Kampala and has hired 150 workers ahead of the launch of the store,
said Hani Weiss, CEO of MAF Retail in a statement.
“This announcement brings us a step closer towards realizing our
long-term expansion plan for East Africa. Uganda is considered one of
the fastest growing economies in Africa,” Weiss said.
A second store in the Ugandan capital will be opened early next year, he said.

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Cargo handled by Kenya's Mombasa port up 6% in eleven months to May @ReutersAfrica
Kenyan Economy


Kenya’s main port of Mombasa handled 6.3% more cargo in the last
eleven months thanks to higher efficiency, a surge in imports and
greater capacity after the port was expanded, the facility’s
management said on Monday.
Mombasa, a gateway to east and central Africa, processes imports and
exports for Kenya and several other countries including Uganda,
Rwanda, Democratic Republic of Congo, South Sudan and Burundi.
Cargo handled by the port was up 6.3% to 29.8 million tonnes in the
eleven months ending May this year compared to the previous period,
data released by the port’s management showed.
“The positive performance was mainly driven by increased handling (of)
cargo for Uganda, D.R.C and South Sudan,” Daniel Manduku, the port’s
managing director, said in a report.
Container traffic increased by 13.1% to 1.27 million Twenty feet
equivalent units (TEUS) over the eleven-month period while cargo
destined for other countries was up 10%.

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Tax paid on home and land transfer, stamp duty, will drop 21.5 per cent in the year end June @BD_Africa
Kenyan Economy


Fresh statistics show the Treasury expects revenue from stamp duty to
dip to Sh9.51 billion from Sh12.13 billion recorded in the previous
year ended June 2018.
The fall in revenue from stamp duty is a pointer to reduced deals in
land and houses, reflecting the recent slump in activities in real
estate sector.
The tax is charged on the market value of the property at the rate of
four per cent in towns and two per cent in rural areas and must be
paid to the taxman within 30 days of contract execution.

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Kenya Shilling versus The Dollar Live ForexPros 102.00
Kenyan Economy


Nairobi All Share Bloomberg +5.73% 2019

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

The NSE All Share is +5.73% in 2019 trading at a PE of 11.65

https://twitter.com/RichEconomics/status/1140871193714679808

Nairobi ^NSE20 Bloomberg -5.23% 2019

http://j.mp/ajuMHJ

Every Listed Share can be interrogated here

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

read more


From poo to food: Kenyan toilet waste key for new animal feed @ReutersAfrica
Kenyan Economy


NAIROBI (Reuters) - Kenyan farmer Victor Kyalo’s chickens have doubled
the number of eggs they are laying. The reason: Human excrement. He is
feeding them food from a Nairobi-based organics recycling company.
Sanergy harvests waste from toilets it operates in a franchise network
in Nairobi’s sprawling slums and feeds it to fly larvae, which become
high-quality animal feed. Kyalo says his customers have noticed the
difference in the past three weeks: yellower yolks and larger eggs.
“Before we were getting like five trays (of eggs) per day, but now we
are getting 10,” Kyalo said. “It’s kind of perfect for me.”
As the world looks to feed 10 billion mouths by 2050, businesses
harvesting insects — either for human consumption or as animal feed —
are growing.
They promote themselves as a greener alternative to traditional feed
such as soybeans, whose cultivation can lead to deforestation and the
overuse of farm chemicals.
Fast food giant McDonald’s and U.S. agricultural powerhouse Cargill
Inc are among many large companies studying using insects for chicken
feed to reduce reliance on soy protein in the $400 billion-a-year
animal feed business.
By 2023 the global edible insect market could triple to $1.2 billion
from current levels, market research firm Meticulous Research said
last year.
In developing countries like Kenya, where the World Bank says nearly
two-thirds of urbanites live in slums, feeding waste to fly larvae
could solve both sanitation and nutrition problems.
Faeces from more than two-thirds of Nairobi’s inhabitants go untreated
because there are not enough toilets. Many others are not cleaned out
regularly, Nairobi City Water and Sewerage Company said.
During the rains, they often overflow, polluting local waterways. That
can make workers ill. Days off slow Kenya’s economy by around 1%
annually, its Health Ministry said.
David Auerbach co-founded Sanergy eight years ago to deal with
sanitation. The waste management franchise provides more than 2,500
toilets to 100,000 people daily.
Lilian Mbusia runs one of Sanergy’s franchises, charging residents of
Mukuru Kwa Ruben slum in the south of the city 5 Kenyan shillings (5
U.S. cents) to use her blue “Fresh Life” toilets.
Nestled beneath her squat-toilets are small blue barrels that, once
full, are sealed and taken to an organics recycling factory in
Machakos County, a bumpy 40-minute drive outside the city.
Beds of writhing black soldier fly larvae feast on a mix of excrement
and food waste from hotels and agri-businesses.
That produces two products for farmers: fertiliser and animal feed.
In 10 days the larvae munch their way through 70% of the waste,
leaving behind a manure laden with nitrogen and calcium, which becomes
organic fertiliser.
Once the recycling plant is expanded later this year, Auerbach said it
will provide 400 tonnes of fertiliser. Larvae production will ratchet
up from 7 tonnes to 300 tonnes per month.
“Right now we are receiving equity debt, and grant investment to scale
up operations,” Auerbach said. “We’re on track for profitability by
the end of 2020.”
The plump white larvae are boiled in hot water to kill off pathogens,
Michael Lwoyelo, managing director of Sanergy, said.
The larvae are then sold to animal feed millers, who grind them into
powder mixed with other ingredients to create a balanced diet for
poultry, pigs and fish.
Frederick Wangombe, an animal nutritionist at Unifeed, a Kenyan animal
feed miller that uses Sanergy’s black soldier fly product, envisages
it replacing fish meal from Lake Victoria, which can contain sand and
other impurities, or expensive soy beans from Zambia.
''The egg farmer doesn’t want to know what’s in the feed, they want to
know the performance,” he said.

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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June 2019
 
 
 
 
 
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