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 2012, Rich Management (K) Ltd. Sat, 04 Feb 2012 06:54:17 GMT Fri, 03 Feb 2012 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) Sat, 04 Feb 2012 06:54:17 GMT 2333222245346 http://j.mp/zJ3ZnH Iran denied United Nations inspectors access to a suspected nuclearsite, scientists and documents during a visit to Tehran this week.An amendment to the bill provides for possible sanctions against themanagement and ownership of the Belgium-based Society for WorldwideInterbank Financial Telecommunications, or Swift, which facilitatesthe flow of electronic financial transactions globally.U.S. lawmakers are alleging that Swift has aided blacklisted Iranianbanks in evading U.S. and European Union sanctions, a charge theorganization denies. "The measures…will further increase the pressureon Iran to abandon its pursuit of nuclear weapons and sponsorship ofglobal terrorism," said Tim Johnson (D., S.D.) chairman of the SenateBanking Committee. Fri, 03 Feb 2012 06:47:43 GMT 262981328251663 http://j.mp/wI8IB3 “There is no incentive for Greek creditors to voluntarily agree on adebt writedown, so concluding the negotiations will be difficult,”said Daisuke Karakama, a market economist in Tokyo at Mizuho CorporateBank Ltd., a unit of Japan’s No. 3 banking group by market value. “Theeuro above $1.30 is clearly overvalued, and it should fall below$1.20,” he said.Dollar Yen 1 Year Chart INO 76.168 Lasthttp://j.mp/91tvzdJapanese Finance Minister Jun Azumi said today he will take decisivesteps against one-sided moves in the yen if needed. Fri, 03 Feb 2012 06:50:33 GMT 263011328251833 http://j.mp/xgzBn9 NAIROBI, Feb 3 (Reuters) - Bond investors in East Africa yearn forsales of longer-term government paper to secure high yields andbenefit from capital gains spurred by rate cuts seen later thisyear.Yields on government securities in Kenya, Tanzania and Ugandasurged in 2011 as inflation and benchmark interest rates rocketed, andgovernments struggled to plug budget deficits.With the exception ofTanzania, regional inflation started easing at the end of last year,helped by aggressive monetary tightening and improved food suppliesafter a drought.Analysts said with inflation likely to continuefalling, benchmark lending rates in Uganda already on the way down andlikely to be cut in Kenya, longer-term bonds were attractive.Aly Khan Satchu, a Nairobi-based independent economist, said themarket was expecting longer-term bonds to be sold as governments seekto raise more funds after demand at many Treasury bill sales fellshort at the end of last year."Inflation rates have crossed their cycle highs across the region andlong-term bonds in Uganda and Kenya are an outrageous buy," Satchusaid. "The fixed income market is a free lunch.""The recent tempering of the inflation rate coupled with a Bundesbankahead-of-the-curve monetary policy tells me that we are in fact donehere in Uganda and that extending duration in the Uganda bond marketis a no-brainer," he said.Duration is a measure of how long it takes for the cash flow from thesecurity to be received. The longer the duration, the more the bondprice will rise for an equivalent yield fall. Fri, 03 Feb 2012 13:58:59 GMT 263171328277539 http://j.mp/x04Yhd Time to review the evidence. In roughly one month, no less than threeUS aircraft carriers and their strike groups will be sloshing aroundthe American Gulf, the Gulf of Oman and the Arabian Sea; the USSAbraham Lincoln, USS Carl Vinson and USS Enterprise, plus good ol'French nuclear-powered aircraft carrier Charles de Gaulle. And yet onemore Pacific-based US aircraft carrier can be swiftly dispatched. ThePentagon's CENTCOM is fast upgrading the 14,000-kilogram Orwellianbunker-buster monster known as Massive Ordinance Penetrator (MOP),theoretically capable of taking out Iran's underground nuclearinstallations.USS Abraham Lincoln Imagehttp://j.mp/xCtWB9 Fri, 03 Feb 2012 06:48:48 GMT 262991328251728 http://j.mp/wxQNhP @Africa: Twenty countries sent over 11m tweets in the last quarter of2011, Africa is an officially paid-up member of the Twittersphere#AfricaProgress@jacobzuma: South Africa is wired! 5m tweets—number one in Africa!@Africa: Who needs computers? 57% of tweets were sent from mobilephones #CoolAfrotech@KenyaGov: Egypt shmeegit. Kenya rocks twitter. 2.5m tweets to your 1.2m@DisgruntledKenyan:@GovKenya no thanks to you!@SPRINGBOKS: Ek verstaan nie@SaifQaddafi:Catching up with reality television now I have some timeon my hands. New season of I’m A Tyrant Get Me Out Of Here rocks.#KeepingItSaif@Africa: Chitchat with friends and following the news form the bulk oftweets #Notthatdifferent@PresidentofGhana: "twitter machine" arrived this morning.@Africa: 94% of those on Twitter use Facebook too #NoSurprisesThere@AlQaeda: infidels get ready Somali al-Shabab has set up its ownTwitter account @HSMpress@HillaryClinton: feeling glum African al-Qaeda @HSMpress has over10,000 followers@Bono: Africans tweeting each other, not me, about news, not me #sadface@GovernmentEthiopia: 1billion tweets on their way by 2020!@GovEritrea: we have no twits@UhuruKenyatta: Dad founded Kenya. I’m going to The Hague and tweeting about it@MorganTsvangirai: ******* **** ******* ****** ******** ****** ********* #ZimPolitics@UhuruKenyatta: As I leave for The Hague tonight, I would like tothank you all for the support, encouragement and prayers that you haveaccorded to me@RobertMugabe: I have a farm in Africa. Lots actually. #ReadingIsakDinesen@LibyanRebels: Does this thing run on oil? #HopeSpringsEternalConclusionsCute.The Point remains that Africa has embraced the Information Century andthe Mobile Phone was the Game Changer. In many respects, its aLaboratory Experiment.Aly-Khan Satchuhttp://www.rich.co.keNairobi Fri, 03 Feb 2012 06:57:48 GMT 263101328252268 http://j.mp/wWJkXL The market rate for the dollar now stands at about 18,800 rials,compared with an official exchange rate of about 11,500 rials to thedollar. In December, the market rate was about 12,500 rials to thedollar. Even at the official rate, the rial’s value has fallen sharplysince Dec. 1, when it theoretically took only about 7,400 rials to buya dollar. Fri, 03 Feb 2012 06:54:31 GMT 263061328252071 http://j.mp/zVTIQC Mr Justice Isaac Lenaola ruled that pending the hearing anddetermination of a petition filed by civil society groups challengingthe eligibility of the two after they were indicted by the ICC, thematter was now in court and therefore not for public debate.“The question of whether Mr Kenyatta and Mr Ruto are qualified to runfor the presidency in the coming elections is now before court and allpersons and authorities enjoined are not to discuss the matter inpublic failure to which the court may take such action as it deemsappropriate,” ruled Justice Lenaola.Justice Lenaola added that Mr Kenyatta and Mr Ruto, who were notrepresented in court, were at liberty to revisit the orders if theyfeel gagged and aggrieved by the directions when the matter ismentioned on February 17.The rule restricts media from carrying news reports or commentaries onwhether or not Uhuru and Ruto can contest the presidency.ConclusionsThe Court has surely done everyone [including the Two Principals inquestion] a Favour. Fri, 03 Feb 2012 07:00:31 GMT 263131328252431 http://j.mp/mDfkhm Value    4,584.39    Change    -103.900 (-2.216%)ConclusionsThe Political Trajectory looks entirely uncertain. The Rebound looks overcooked.Egypt Pound versus The Dollar ForexPros 6.0500 +0.0063 (+0.11%)http://j.mp/dXunSWConclusionsIts like George Foreman in the Rumble in the Jungle - Its going down. Fri, 03 Feb 2012 06:55:14 GMT 263071328252114 http://j.mp/wlzrpD William Hague has called for a stepping up of the fight againstSomali-based terrorism as he became the first British foreignsecretary to visit the country for 20 years.His arrival in the capital Mogadishu amid tight security marked thestart of a big diplomatic push to bring stability to a country hedescribed as "the world's most failed state".Britain is hosting a conference on Somalia in London later this month,attended by representatives of 50 countries in internationalorganisations. Ministers believe the success of the Amisom offensivelast August in driving al-Shabaab from Mogadishu has opened up awindow of opportunity. Fri, 03 Feb 2012 06:56:00 GMT 263081328252160 http://j.mp/xtvKiX BAMAKO (Reuters) - Hundreds of Malians set up barricades and burnedtyres in the streets of Bamako on Thursday, shutting down the capitalin the latest protests against a rebellion that has seized severalnorthern towns, and the government's handling of it.The protest in the capital comes after the Tuareg-led rebels, who arefighting for an independent north, took control of the northeasterntown of Menaka.Dozens of people have been reported killed and thousands of civilianshave fled their homes after the rebels launched a three-prongedassault south in mid-January.But the demonstrations, sparked by local reports that the military ranout of ammunition and that dozens of soldiers may have been executedduring rebel attacks, have raised the prospects of clashes betweenMalian communities.In his first public statement since the rebellion began, Mali'sPresident Amadou Toumani Toure late on Wednesday pledged not to givein to separatist demands but, in a sign of concerns that the conflictcould spread, called on Malians to refrain from attacks on anyparticular community."Do not confuse those who are shooting at military bases with thosewho are living amongst us, who are our neighbours, colleagues," hesaid on state television.ConclusionsI wish Jonathan had said something similar to President Toure.President Amadou Toumani Toure 4:30PM GMT 17 Jan 2012 Telegraphhttp://j.mp/AfpGdmThe redeployment of troops in Mali last week to fight al-Qaeda wasyesterday blamed for triggering a clashes for control of Manaka, amarket town, between the army and desert nomads. Fighting in Menakawas so fierce the government of President Amadou Toumani Toure wasforced to deploy helicopter gunships to fend off Tuareg fighters.Security experts said that the government's deployment of additionaltroops to Mali's desert music festival, held near Timbuktu in Mali'snorth, had sparked the offensive by the Tuareg factions and itsal-Qaeda alliesToumani Diabaté - Cantelowes live at El Real Alcazar #YouTubehttp://j.mp/pmA7oqBAMAKO Mali the lobby of Sangare's hotel Photographyhttp://j.mp/z2O0FdTuareg people Wikipediahttp://j.mp/wvC4wPThe Tuareg (also Twareg or Touareg, Berber: Imuhagh, besides regionalethnyms) are a Berber nomadic pastoralist people. They are theprincipal inhabitants of the Saharan interior of North Africa.The Tuareg people inhabit a large area, covering almost all the middleand western Sahara and the north-central Sahel. In Tuareg terms, theSahara is not one desert but many, so they call it Tinariwen ("theDeserts"). Among the many deserts in Africa, there is the true desertTénéré.Tuareg riding a Camel FLICKRhttp://j.mp/yR6PUI Fri, 03 Feb 2012 06:56:58 GMT 263091328252218