http://www.rich.co.ke/ Rich.co.ke is the go to financial portal for those who want to participate in the Kenyan Shareholder Revolution and second liberation. en Copyright 2010, Rich Management (K) Ltd. Wed, 10 Mar 2010 20:36:49 GMT Wed, 10 Mar 2010 00:00:00 GMT info@rich.co.ke (Aly Khan Satchu) webdev@jsengine.net (Webmaster) http://www.rich.co.ke View Live - Stock Total Demand, Total Supply, Best Bid, Best Ask, Last Traded Price, Change from Last Close, Total Turnover for the Normal Board (MON-FRI 10:30AM - 1:30PM East African Time GMT+3HRS) Wed, 10 Mar 2010 20:36:49 GMT 2333222245346 http://bit.ly/d3yHqU Shipments abroad gained 46 percent in February from a year beforeafter a 21 percent advance in January, the customs bureau reported onits Web site today. Year-ago figures were depressed by a contractionin world trade resulting from the crisis. The trade surplus hit aone-year low of $7.6 billion, affected in part by the Lunar New Yearholiday. Imports rose 45 percent after an 86 percent jump in January,today’s figures showed. The advance underscores China’s rising role asa driver of global growth. Wed, 10 Mar 2010 11:01:10 GMT 158721268208070 http://bit.ly/8rEgBs Value27,898.14    Change-218.550     % Change-0.777 Wed, 10 Mar 2010 11:05:53 GMT 158771268208353 http://bit.ly/cBJliS China's Cnooc Ltd. and French oil major Total SA are each expected toacquire a third of Tullow Oil PLC's oil assets in Uganda, Tullow saidin a statement Wednesday.Both companies have recently madepresentations to the Ugandan authorities and Tullow said it expectsthese transactions and Tullow's purchase of Heritage Oil PLC's Ugandaassets to be signed in the coming weeks. "This will result in aunified partnership with considerable experience and financialcapability to enable Uganda to become a significant oil producingnation," it said.Tullow will begin the first phase of development of hydrocarbonsdiscovered in Uganda's Lake Albert basin this year, with oil and gasproduction for the local market due to begin in 2011, the statementsaid. Natural gas from the Nzizi field will be piped to a power plantto be constructed in Uganda's Hoima district and around 10,000 barrelsa day of oil from the Kasamene field will be trucked to local markets.Output from the whole basin could eventually exceed 200,000 barrels ofoil a day, supplying a local refinery and exporting surplus crude toregional and international markets, said Tullow.A farm-down deal with Cnooc and Total will help speed development ofthe whole basin, said Royal Bank of Scotland analyst Phil Corbett. "Astrong partnership on equal footing in Uganda should accelerate thedevelopment of a major resource base and, following the net proceedsof the farm-down and the placing inflow, the company should be wellfunded to pursue the considerable upside potential in its portfolio,"he said.Following recent appraisal drilling, Tullow upgraded the mid-rangereserves estimate at its Tweneboa discovery offshore Ghana to 400million barrels of oil equivalent, from 250 million boe previously.The Jubilee field offshore Ghana remains on track to produce its firstoil by the end of this year, Tullow said. The first phase of Jubileewill produce around 120,000 barrels of oil a day.Tullow will spend up to $1.5 billion buying the Heritage Oil assets,although a large part of this cost will be offset by the proceeds ofthe subsequent partnership deal with Total and Cnooc."Our 2009 reported results still reflect a period of financialtransition," said Tullow's Chief Executive Aidan Heavey. "First oil inGhana from the Jubilee field later this year will result inconsiderable production growth and increased cash flow." Wed, 10 Mar 2010 16:39:14 GMT 158881268228354 http://bit.ly/aav8sZ World raw sugar for May delivery fell 1.25 cents, or 6%, to settle at20.32 cents a pound on ICE Futures U.S. exchange. It was thecontract's lowest settlement since Aug. 6. Wed, 10 Mar 2010 10:57:29 GMT 158681268207849 http://nyti.ms/b2mcWD World Food Program’s Somalia operations. It suggests that the programrebuild the food distribution system — which serves at least 2.5million people and whose aid was worth about $485 million in 2009 —from scratch to break what it describes as a corrupt cartel of Somalidistributors.In addition to the diversion of food aid, regional Somali authoritiesare collaborating with pirates who hijack ships along the lawlesscoast, the report says, and Somali government ministers have auctionedoff diplomatic visas for trips to Europe to the highest bidders, someof whom may have been pirates or insurgents.One American official recently conceded that Somalia’s “best hope” wasthe government’s new military chief, a 60-year-old former artilleryofficer who, until a few months ago, was assistant manager at aMcDonald’s in Germany.Several of the report’s authors have received death threats, and theUnited Nations recently relocated them from Kenya to New York forsafety reasons.“We have to tell these folks that you cannot go on like this — we knowwhat you are doing, you can’t fool us anymore, so you better stop,”said President Ali Bongo Ondimba“Somali ministers, members of Parliament, diplomats and ‘freelancebrokers’ have transformed access to foreign visas into a growthindustry, matched possibly only by piracy,” selling visas for $10,000to $15,000 each, the report said.The report questions why the World Food Program would steer 80 percentof its transportation contracts for Somalia, worth about $200 million,to three Somali businessmen, especially when they are suspected ofconnections to Islamist insurgents.ConclusionsMake your own. Wed, 10 Mar 2010 11:07:41 GMT 158791268208461 http://bit.ly/7jDCPO 3,810.74   ConclusionsKenyan stocks seen higher on local buyer interest Reuters Thanks Duncanhttp://bit.ly/dlW4KRThe Nairobi Stock Exchange's 20-share index has been on a roll thisyear on the back of foreign investor appetite. It ended Monday'ssession at 3,743.11 points, up 15 percent this year."The NSE-20 has broken through its upside resistance which was 3,640points and it is targeting 4,040 points," said Aly Khan Satchu, anindependent trader and analyst, adding the rally was spurred byforeign buyers. "Now we are seeing local institutional investorsweighing in."He said capital gains from national carrier Kenya Airways were 173percent over the past 12 months with mobile phone firm Safaricomrecording 101 percent gains in the same period."People can no longer ignore these gains," Satchu said. Wed, 10 Mar 2010 11:11:09 GMT 158831268208669 http://markets.on.nytimes.com/research/markets/worldmarkets/worldmarkets.asp Dow up 11.86 points Wed, 10 Mar 2010 10:53:10 GMT 158631268207590 http://www.rich.co.ke www.rich.co.ke Register and its all Free.If you are tracking the NSE Do it via RICHLIVE and use Mozilla Firefoxas your Browser.0930-1500 KENYA TIMENormal Board - The Whole shebangPrompt Board Next day settlementExpert Board All you need re an Individual stock.The Latest Daily PodCast can be found herehttp://www.rich.co.ke/rctools/richpod.phpWeekly Piece for the Star From the Cape to Cairohttp://bit.ly/9tHzSaDoing Business in Kenya CNBChttp://bit.ly/bLepUdMindSpeak 27th March 0930-1200WestGate SilverBird CinemaGuest Speaker Erik HersmanUshahidi and AfriGadgetErik is the co-founder of Ushahidi (which means "testimony" inSwahili), a web application created to map the reported incidents ofviolence happening during the post-election crisis in Kenya.Currently,he is working with a team of mostly-African programmers to continuedevelopment of this new free and open source platform that makes iteasier to crowdsource crisis information and visualize data. Though inalpha, it is already being used globally, in Kenya, the DR Congo andby Al Jazeera in Gaza.Erik Hersman is also the founder of AfriGadget,a multi-author website that showcases stories of Africans solvingeveryday problems with little more than their creativity andingenuity.  Fascinated by micro-entrepreneurs, gadgets andimprovisation, he is proving that technology is changing Africa -daily.Raised in Sudan and Kenya, Erik brings unique energy and insight tothe world of technology and innovation – bridging the gap betweenAfrica and Silicon Valley.  An avid blogger Erik writes two differenttechnology blogs including: AfriGadget and WhiteAfrican.  Onededicated to low-tech African ingenuity, and the other to high-techmobile and web changes happeningMacro ThoughtsCentred around selling Sterling.Home ThoughtsReading Rules for Revolutionaries AgainAnd I just adore this Advert from Apple 1997Here's to the Crazy Ones, the Misfits, the Rebels, the Troublemakers,the round pegs in a square Hole, the ones who see things differently.They are not fond of rules, and they have no respect for the StatusQuo. You can quote them, disagree with them, glorify or villify them.About the only thing you can't do is ignore them, because they changethings. They push the Human Race forward, and while some may see themas the crazy ones, we see Genius, because the People who are crazyenough to think they can change the World, are the ones who'll do it.I rather like that. Wed, 10 Mar 2010 10:48:42 GMT 158581268207322 http://www.livecharts.co.uk/MarketCharts/crude.php Oil for April delivery closed at $81.49 a barrel, down 38 cents, or0.5% on the New York Mercantile Exchange. Earlier, the contract hit alow of $80.16, according to FactSet Research data. It had topped $82in the prior session. Wed, 10 Mar 2010 10:59:12 GMT 158701268207952 http://bit.ly/bVUf4w According to local lore, Portuguese travelers as far back as the late19th century suspected oil might lie beneath parts of East Africaafter noticing a thick, greasy sediment wash up on the shores ofMozambique. More interested in finding cheap labor, though, theexplorers had little use for oil."I and a lot of other people in oil companies working in East Africahave long been convinced that it's the last real high-potential areain the world that hasn't been fully explored," says Richard Schmitt,chief executive of Black Marlin Energy, a Dubai-based East Africa oilprospector. "It seems for a variety of geopolitical reasons more thananything else it's been neglected over the last several decades. Mostof those barriers are currently being lowered or [have] disappearedaltogether."Much of East Africa's hopes are focused on a fault line running fromSomalia to Madagascar known as the Davie Fracture Zone. It's therethat Bertagne's analysis — using Cold War–era sea-floor mappingoriginally intended for use by Soviet submarines — has promptedspeculation about oil deposits rivaling those of the North Sea or theMiddle East. There's still a lot that's just unknown: North Africa hasseen 20,000 wells sunk over the past few decades, while drillers havesunk 14,000 wells in and off West Africa. In East Africa the total isabout 500 wells."Definitely, there is a sense that there are discoveries to be had,"says Aly-Khan Satchu, a financial adviser who runs Rich Management inNairobi. "The reality and the perception of risk are narrowing." Wed, 10 Mar 2010 16:38:09 GMT 158871268228289