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Satchu's Rich Wrap-Up
Friday 22nd of August 2014

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The Latest Daily PodCast can be found here on the Front Page of the site

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Good Morning World from #Nairobi wishing you a Fabulous Friday

I look forward to hosting @Dennis_Makori CEO ONFON Media at #Mindspeak
on the 30th of August

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#Mindspeak 2014 RICH TV

In 2014, #Mindspeak has hosted Christine @Lagarde @IMFNews, Dr. Titus
Naikuni @KenyaAirways, Charles Ireland EABL @TuskerLager, EAC SG Dr.
@rsezibera, Munir Ahmed National Bank Joshua Oigara @KCBGroup.

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arrhythmia definition

Examples for arrhythmia

For years he'd been studying the phenomenon of chaos, of which an
arrhythmic heartbeat was a perfect example.

Home Thoughts

"What matters in life is not what happens to you but what you remember
and how you remember it." -- Gabriel García Márquez


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@FSMilan Swimming pool relaxing area... #FSSpa

"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.

"Hysteria at high speeds, day to day, minute to minute. People in free
societies don't have to fear the pathology of the state. We create our
own frenzy, our own mass convulsions, driven by thinking machines that
we have no final authority over. The frenzy is barely noticeable most
of the time. It's simply how we live." She finished with a laugh...


He was seeing something elaborately different from what he encountered
step by step in the ordinary run of hours. He had to learn how to see
it correctly, find a crack in the world where it might fit."
-- Don DeLillo, Falling Man

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Now, officials and experts say, it is "ambiguous warfare" that is focusing minds within NATO, the North Atlantic Treaty Organisation.
Law & Politics

"We need to mature the way we think about cyber, the way we think
about irregular warfare," U.S. Air Force General Philip Breedlove,
NATO's supreme allied commander, was quoted as saying by the U.S.
military Stripes newspaper.

 "What they (NATO) don't have at this stage is any kind of doctrine
for using them in situations short of outright war," says John
Bassett, a former GCHQ official now an associate at Oxford University.

    "There's been a lack of willingness to focus on the area beyond
diplomacy but below the threshold of traditional military conflict and
there is still a very long way to go."

    Some strategists suggest NATO is not currently up to dealing with
the situation.

    "A Russian unconventional attack, using asymmetric tactics
designed to slip below NATO's response threshold, would be
particularly difficult to counter," said a report last month from
Britain's Parliamentary defence select committee.

"They are an imminent threat to every interest we have, whether it's
in Iraq or anywhere else," Hagel said yesterday at a Pentagon news


Islamic State "is as sophisticated and well-funded as any group that
we have seen," Hagel said. "They're beyond just a terrorist group.
They marry ideology, a sophistication of strategic and tactical
military prowess. They are tremendously well-funded."

The U.S. intelligence community thinks Islamic State has an incentive
to conduct a major terrorist strike against U.S. or European targets,
in part to further assert itself as the true leader of radical Islam,
according to five U.S. intelligence officials who briefed reporters
last week on condition of anonymity to discuss intelligence

Hagel said U.S. airstrikes in Iraq "have stalled" the group's
"momentum and enabled Iraqi and Kurdish forces to regain their footing
and take the initiative."

"Can they be defeated without addressing that part of their
organization which resides in Syria?" Dempsey said. "The answer is no.
That will have to be addressed on both sides of what is essentially at
this point a nonexistent border."

Dempsey said Islamic State, which the U.S. intelligence community says
numbers about 10,000, poses a more immediate threat to Europe than to
the U.S.

"The immediacy is in the number of Europeans and other nationalities
who have come to the region to become part of that ideology, and those
folks can go home at some point," Dempsey said. U.S. and U.K.
authorities are investigating the video showing Foley's murder that's
narrated by a man with a British accent.

The terrorists "can be contained" in Iraq on the battlefield although
"not in perpetuity," Dempsey said. "This is an organization that has
an apocalyptic, 'end-of-days' strategic vision and which will
eventually have to be defeated."

The methods for attacking Islamic State will require "all of the tools
of national power -- diplomatic, economic, information, military,"
Dempsey said.

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ROVING EYE The killer on the (Saudi) king's highway
Law & Politics

There's danger on the edge of town
Ride the king's highway, baby
Weird scenes inside the gold mine
Ride the highway west, baby
The Doors, The End

The killer awoke before dawn. He put his American desert boots on. He
took a knife from the ancient gallery. And he walked on down the hall
- bathed in desert sunlight.

Choice scenery. Good sound and vision production values. Careful
editing. No unnecessary gore. No blood splattering. No Allahu Akbar
shrieks. "A Message to America", indeed - but most of all a message to
the Ummah. As in we're the Men in Black badasses. We run The
Caliphate. We're no mere death cult; we're winners. And we take no

And why did Islamic State, formerly ISIS, become winners? Because the
"West" regimented, schooled, trained, logistically helped and
weaponized most of IS's Takfiri goons with a mission at hand: to
destroy Syria. The "West" lauded them as "Syrian rebels". Freedom

The House of Saud, directly and indirectly, and the proverbial wealthy
Gulf Cooperation Council donors are the Mom and Dad of ISIS. All duly
vetted/approved by the industrial-military-Orwellian-Panopticon

How convenient that the mighty Orwellian/Panopticon complex satellite
maze could not identify a long convoy of gleaming white Toyotas
crossing the desert towards their summer conquests. And how convenient
that a Briton beheading an American - what a "special relationship"
plot twist! - fully sanctions the Return of Iraq Bombing ("for
months", in Obama's words); more strikes; more drones; perhaps more
boots on the ground; perhaps, in the near future, a Syria extension.

And then there's this ultimate plot twist; a pearl by a dissident
Saudi researcher (in Arabic). He argues, in detail, that IS is
essentially a revival of "pure" Wahhabism; not only that IS comes from
outside the House of Saud's dominions - in Iraq and the Levant - but
tries hard to shatter the monarchy's legitimacy.

The House of Saud's counterpunch to the Arab Spring was (and remains)
all about destroying or at least isolating the Muslim Brotherhood as
an alternative Islamic rule/role model. Yet now comes IS - brimming
with religious justification (however warped); military know-how; and
an army of true - and well paid - believers.

Ride the king's highway, baby. No staged/not staged beheading could
possibly top the ultimate blowback: the "West" nurturing the Beast who
would slouch towards Mecca to finally behead the House of Saud. And
those killers shall also speak with a British accent.

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The Islamic State buys itself a day of horror, little else, by killing James Foley
Law & Politics

By uploading a video of its execution of journalist James Foley to the
Web on Tuesday, the Islamic State achieves the impossible: It
re-executes him every time somebody presses play.

The horror of perpetual re-execution was obviously the Islamic State's
goal. Nobody with a soul--knowing what's coming--can listen to Foley's
speech without their hearts going full-throttle and shuddering at the
murderous climax. For its troubles, the Islamic State has gotten a
sliver of what it wants today. The story dominates the news. The video
has become available on every desktop, laptop, and smartphone in the
world. People are beseeching one another not to link to the video.
Twitter CEO Dick Costolo has announced the suspension of accounts that
tweet the graphic images, and the New York Post and Daily News are
suffering a boatload of criticism for printing screen-grabs of the
murder on their morning covers.

And yet, video-beheading seems to be a strategy to nowhere. Al Qaeda
attempted similar contamination of our dream pools more than a decade
ago with its 2002 video killing of Wall Street Journal reporter Daniel
Pearl, which was also disseminated on the Web.

Foley's execution was presented as a choreographed "message to
America" by this band of performance-minded terrorists


The voice of Foley's black-hooded executioner is heard in the video;
he appears to have a British accent. This has alarmed many in the
United Kingdom, including its security services, which have become
increasingly aware that they have a problem on their hands. Last year,
two British converts to Islam publicly beheaded Lee Rigby, an off-duty
British serviceman, in a London suburb.

Yesterday's guerrillas have given way to terrorists, and now
terrorists have given way to this new band, who are something like
serial killers. ISIS, an organization of thugs, is the Middle East's
answer to the psycho-killer narco gang Los Zetas, trying to out-bad
their enemies, to frighten them into submission, and to somehow draw
themselves into an ugly cartoon of evil.

Last week, I met with Faisal Ali Waraabe, a politician in the Justice
and Welfare Party, from Somaliland. He is a candidate in next year's
Presidential elections. As a younger man, he was a socialist and a
devotee of Che Guevara. Last year, he lost his twenty-two-year-old son
Sayid, who was born and raised in Finland, to the dark enticements of
ISIS. His son had also persuaded his young, new wife to join him, and
the two now live, according to his father, near the town of Raqqa,
ISIS's main urban stronghold in Syria. Faisal showed me a recent video
of his son, posted on an ISIS Web site, on his smartphone; it shows a
black-turbaned young man mounted on a horse, talking in heavily
accented Finnish, and smiling into the camera. Calling himself Abu
Shuaib al Somali, Sayid says, "The rule of Sharia will even come to
Finland, and if you get called then, alhamdulillah, you'll enter
Jannah"--paradise--"inshallah and Allah will take care of the ones
you've left behind." I asked Faisal what he thought of ISIS, and about
what his son is doing. He shook his head sadly, raised his hands
helplessly in the air, and said, "They are the new barbarians."

ROBERT FISK Air strikes? Talk of God? Obama is following the jihadists' script


As for the sinister British executioner "John", I rather think he may
have lived in Newcastle-upon-Tyne or Gateshead, because - having spent
time on Tyneside  - I thought he seemed to have just a hint of the
Geordie accent. But "John" could have been French or Russian or
Spanish. It's not what went wrong in his mind, but what phenomena have
afflicted so many other young men, in their thousands to do the same.
How, for example, did an Australian apparently allow his young son to
pose with the head of a decapitated Syrian soldier (a soldier serving,
of course, in the army of the Assad regime we have all sworn to

And how have our security "services" responded to this? With the usual
nonsense about how merely looking at such gruesome execution
videotapes may be a terrorist crime. What is this tosh? Personally, I
find it equally offensive to film - and show on television - the mass
killing of human beings by US aircraft. But we do show them, don't we?
We are repeatedly invited to observe on our television screens the
targeting of supposed Isis fighters and imagine their fate in the
bubble of fire that consumes their pick-up trucks. Because we can't
see their faces doesn't make this any less obscene. Of course, their
activities are the opposite of what James Foley stood for. But were
they all actually fighters? We haven't yet heard that outrageous
linguistic curse "collateral damage", but I bet we will.

So are our security bosses going to make the viewing of US military
target videos a terrorist crime? I doubt it - unless, of course, the
film shows us massacring lots of civilians. Then they could claim -
rightly - that such viewing might encourage "terrorism". And we'd all
have to give up covering the war.

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"One of the defining bifurcations of the future will be the conflict between information masters and information victims." 17-SEP-2012 ::The Madding Crowd
Law & Politics

US army war college quarterly 1997. The US officer assigned to the
deputy chief of staff (Intelligence), charged with defining the future
of warfare, wrote "One of the defining bifurcations of the future will
be the conflict between information masters and information victims."

This information warfare will not be couched in the rationale of
geopolitics, the author suggests, but will be "spawned" - like any
Hollywood drama - out of raw emotions. "Hatred, jealousy, and greed -
emotions, rather than strategy - will set the terms of [information
warfare] struggles".

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Islamic State militants control large swathes in Syria and Iraq @BBC
Law & Politics

The bodies and ashes of 20 Malaysians killed when Malaysia Airlines
Flight 17 #MH17 was shot down over Ukraine in July have arrived home.


It was His Excellency Johan Borgstam who told me the Signal that the
World as into a whole New arrhythmic Normal was the disappearance of

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Yields on Spanish and Italian 10-year bonds, which move inversely with prices, fell to euro-era lows of 2.38 per cent and 2.58 per cent. FT
International Trade

Portuguese yields fell to a near-decade low of 3.24 per cent - despite
fears about weaknesses in its banking system triggered by last month's
crisis over Banco Espírito Santo, the country's largest listed lender.

The flash estimates showed momentum in the German economy, the
region's largest and strongest, had slowed on the back of the weaker
performance of its manufacturing sector.

The separate reading for Germany fell from 55.7 to 54.9.

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Currency Markets at a Glance WSJ
World Currencies

Euro 1.3286
Dollar Index 82.11
Japan Yen 103.77 Dollar  touched 103.96, the highest since April 4.
It's poised for a 1.3 percent advance this week, the most since the
five days ended March 7
Swiss Franc 0.9108
Pound 1.6582
Aussie 0.9323
India Rupee 60.405
South Korea Won 1018.64
Brazil Real 2.2695
Egypt Pound 7.1501
South Africa Rand 10.6961

Euro versus the Dollar 3 Month Chart 1.3286 [Dollar yesterday
reached $1.3242, the strongest since Sept. 10]


Dollar Index 3 Month Chart INO 82.11


Yellen is scheduled to deliver a speech titled "Labor Markets" at the
Jackson Hole symposium. The three-day meeting of central bankers and
economists began yesterday.

"Expectation that Fed Chair Janet Yellen's speech will be less hawkish
at today's Jackson Hole meeting is triggering a weaker dollar," said
Jude Noh, chief currency trader for Suhyup Bank in Seoul. "Investors
are adjusting positions."

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Dow Jones and S&P500 1 Year Chart INO
World Currencies

HEAVEN'S GATE | Dresner's home in Birmingham, MI, designed by
architect Steven Sivak. The entry court, accessed by the vertical slit
at far right, is open to the sky. Photography by Adrian Gaut for WSJ.


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Commodity Markets at a Glance WSJ

Gold 1 Year Chart INO 1279.39


Gold futures for December delivery dropped 1.5 percent to settle at
$1,275.40 at 1:43 p.m. on the Comex in New York, after touching
$1,273.40, the lowest for a most-active contract since June 18. Prices
fell for a fifth session, the longest run since June 2.

Today's decline took the metal below its 200-day moving average.
Prices held above the measure from early 2009 through late 2011 and
slipped as much as 28 percent after dropping below the average in
February 2013. Bullion fluctuated above and below the measure this

Crude Oil 1 Month Chart INO 93.84


West Texas Intermediate crude headed for a fifth weekly decline, the
longest losing streak in nine months, amid rising U.S. fuel supplies
and signs of a slowing economy in China. Brent was steady in London.

Futures were little changed in New York and down 3.6 percent this
week. Gasoline stockpiles in the U.S., the world's biggest oil
consumer, expanded by 585,000 barrels last week to 213.3 million,
Energy Information Administration data show. Supplies were projected
to drop in a Bloomberg News survey. A preliminary gauge of Chinese
manufacturing missed estimates yesterday, bolstering concern of
reduced fuel demand.

"The market has stripped out most of the risk premium associated with
oil prices and is focusing on demand and supply fundamentals," said
Ric Spooner, a chief strategist at CMC Markets in Sydney who predicts
investors may buy contracts if West Texas falls to about $92.50 a
barrel. "Ongoing supply-balance concerns remain."

WTI for October delivery was at $93.80 a barrel in electronic trading
on the New York Mercantile Exchange, down 16 cents, at 1:30 p.m.
Singapore time. The contract climbed 51 cents to $93.96 yesterday. The
volume of all futures traded was about 19 percent below the 100-day
average. Front-month prices have decreased 4.7 percent this year.

Emerging Markets

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"Africa is at a techno-cultural turning point that will prove to be as pivotal there as the Industrial Revolution was for Europe" writes Daniel Epstein, co-founder of VC4Africa partner Unreasonable Institute.

SA's future influence 'depends on its role in rest of Africa' BDLIVE


SOUTH Africa's future as an influential power in a fundamentally
changed world is increasingly tied to its willingness to lead the rest
of the African continent to peace and prosperity.

Its membership of Brics (with Brazil, Russia, India and China) should
be able to strengthen its hand in Africa so long as it maintains its
leadership position, South African Institute of International Affairs
CE Elizabeth Sidiropoulos argues in the Human Sciences Research
Council's annual State of the Nation report.

"South Africa will have to play an even greater role in underwriting
the stability and prosperity of its own neighbourhood," she writes in
her chapter, "South Africa and the Brics in a multilateral, multipolar

If SA plays its cards right it could hold its own as a regional "pivot
state" in a context where US hegemony is waning and new rising powers
are not yet willing or able to replace America in the global driving
seat. " The post-US world system may be more anarchic and less
rules-based," Ms Sidiropoulos writes.

South Africa could build its influence if it is not muscled out of its
own backyard by Brics powers who themselves are eyeing business and
other opportunities in Africa.

The South African government could help to prevent that by insisting
on a level playing field of "fair labour practices, transparency of
contracts, local ownership of projects and sustainability of
interventions", Ms Sidiropoulos says.

South Africa's foreign policy is often perceived as vague and
implausibly idealistic. But Ms Sidiropoulos says that in Africa it has
sought to work in concert with other countries and it advocates a
world governed by a set of rules forged by all states and which apply
to all of them.

She writes that the issue of industrialisation is relevant to other
African economies and is directly linked to South Africa's championing
of the continental infrastructure projects. "Since, on average, about
$90bn a year is required for infrastructure development in Africa, the
opportunity presented by the Brics development bank to leverage
additional development finance for this huge undertaking cannot be

Ms Sidiropoulos writes that the current global economic imbalances
provided three possible options for South Africa: surplus countries
could buy government bonds of deficit countries, but this is unlikely
to change spending patterns; surplus countries could increase domestic
consumption; and surplus countries' spending could be translated into
infrastructure spending linked to industrialisation and social
infrastructure -- "the more appealing option".

She argues that South Africa's ability to continue its role as a
leading African state and a significant "middle power" will depend on
how its neighbours and other societies interpret its actions.

Its willingness to take on more regional and global responsibilities
will be important.

South African lawmakers chant 'pay back the money' at Zuma


"When are you paying the money?" asked a finger-wagging Julius Malema,
leader of the far-left Economic Freedom Fighters (EFF), a former Zuma
protege and expelled former youth head of the ruling African National
Congress (ANC).

"I've responded to all the reports as I'm supposed to. I've responded
appropriately," a stony-faced Zuma replied.

EFF members became increasingly raucous before Speaker Baleka Mbete
ordered the session to be suspended as an awkward-looking Zuma faced
chants of "pay back the money" from around 20 EFF members and dozens
more in the public gallery, most dressed in their trademark red
overalls and hard hats.

South Africa Approves Treaty for $100 Billion Inga Hydropower


South Africa All Share Bloomberg +11.213% 2014


51,443.43 6.84 0.01%

Dollar versus Rand 6 Month Chart INO 10.6944


Egypt Pound versus The Dollar 3 Month Chart INO 7.1501


Egypt EGX30 Bloomberg +38.204% [Africa's 2nd best to Dar Es Salaam]


9,373.27 -64.22 -0.68%

Nigeria All Share Bloomberg +1.059788% 2014


41,767.35 -22.23 -0.05%

Ghana Stock Exchange Composite Index Bloomberg +3.076% 2014


2,211.26 +2.99 +0.14%

A decree issued on Aug. 19, 2014 by President Salva Kiir announced
that Nyandeng has been fired.


Rebecca Nyandeng (R), widow of the late rebel leader and first vice
president of South Sudan, John Garang, in happier days, shown here
with Vice President James Wani Igga.

A decree issued on Aug. 19, 2014 by President Salva Kiir announced
that Nyandeng has been fired.

Ethiopia's arabica coffee export earnings are forecast to climb 25
percent to about $900 million in 2014-15 because of higher prices
after a drought damaged plants in the biggest grower of the bean,
Brazil, an industry group said.


Arabica prices on the Ethiopia Commodity Exchange could average $2 a
pound if supplies of the crop in the world market are tight, Ethiopian
Coffee Exporters' Association General Manager Alemseged Assefa said in
the capital, Addis Ababa. Ethiopia is Africa's biggest producer of the
crop and the origin of the arabica plant.

"Prices are favorable this year because of the Brazilian coffee
drought," Alemseged said in an interview on Aug. 18. "We presume that
price will continue because of the drought."

Arabica has surged 71 percent in New York since January after a
drought hurt plantings in Brazil, the world's biggest exporter of the
beans, fueling speculation that consumption may outstrip supply. The
Brazilian woes come as plantings in Central America, Mexico and Peru
struggle to recover from a crop disease called leaf rust that has cut
yields across the region over the past two years.

Arabica coffee for December delivery rose 1.5 percent to $1.89 a pound
on the ICE Futures U.S. yesterday, tumbling 12 percent from a two-year
high in April.

Can China Save Africa's Elephants? @Bloombergview


There's no consensus on just how many of Africa's elephants are left.
The World Wildlife Fund, for example, estimates that the population
could be as few as 470,000 and as many as 690,000. Whatever the exact
figure, it's clear that China's demand for ivory has created
significant financial incentives for poachers to hunt the herds that
remain scattered across the continent.

On Monday, a group of researchers published what they billed "the most
comprehensive assessment of illegal ivory harvest to date." Their
conclusion, based on two methods of assessing illegal killing, is that
poaching has not only reduced elephant populations, but it has also
become unsustainable. The problem, beyond how many elephants are being
killed, is the lack of surviving males in their prime years.

The numbers are shocking. From 2010 -- the year during which "an
overharvest-driven decline" probably started -- to 2012, about 33,630
animals were poached annually on average, for an annual average
illegal killing rate of about 6.8 percent. In 2011, the most deadly
year surveyed, somewhere from 35,000 to 47,000 elephants were poached
(according to one of the methods), roughly an 8 percent rate. Things
are improving: Preliminary data for 2013 suggest that the poaching
rate slowed, though to a still unsustainable 3.7 percent.

Poaching rates correlate with the local black-market price of ivory,
according to the study. Much of the seized ivory is bound for (or is
already in) China. The authors suggest that reducing Chinese demand
"should be a priority." Indeed, the authors suggest more research is
needed on the role of a late-2011 ivory-auction restriction in China;
notably, however, the local black-market price remained steady in

It's an interesting point. After all, the sheer numbers documented in
the study suggest that anti-poaching efforts in Africa -- though
laudable and often successful -- are ultimately stopgap measures on a
vast continent with elephant herds located in countries that have
highly variable economic and political circumstances. Soon,
conservationists are going to have to focus on reducing demand.

That won't be easy. Ivory carving has a long and illustrious artistic
history in China. Antiques are highly prized, but even newly carved
ivory chopsticks and figurines remain status-enhancing, high-end

But just because it's difficult to stem Chinese demand for a high-end
animal product doesn't mean it's impossible. Consider ongoing
campaigns against eating shark fins. Ten years ago, shark-fin soup was
almost obligatorily served at Chinese wedding banquets, official
dinners and other high-status events. Demand was huge: Seafood markets
across Asia were packed with shark fins.

Enter Yao Ming, the superstar basketball player and one of China's
most beloved celebrities. Years ago he joined a campaign by WildAid, a
conservation group, fighting against the shark-fin trade. Could Yao,
some other celebrities and public education change China's attitude
toward a status-affirming luxury product?

In early August, WildAid released a report titled "Evidence of
Declines in Shark Fin Demand, China." According to its data, 85
percent of surveyed Chinese consumers reported they had given up
eating shark-fin soup in the last three years, with almost two-thirds
of them citing awareness campaigns. Traders in Guangzhou also reported
drastic price decreases in wholesale prices (almost 50 percent on
average) over the past one to two years. Of course, this is a report
from WildAid itself, but speaking personally, over the last two years,
I've seen shark fin dropped from restaurant menus and watched the
once-sprawling shark-fin section of Shanghai's largest seafood market
shrink to a fraction of its former self.

Can a similar campaign on behalf of elephants make a difference?
According to one Chinese ivory expert, many Chinese may not know that
their collectibles come from poached elephants. Indeed, Yao Ming,
together with WildAid and others, have taken up the cause of the
elephants as well as rhinos. Ming appears in a documentary
highlighting the effects of the illegal wildlife trade and petitioned
the Chinese government to impose a complete ivory ban. These are
certainly modest steps, but they might just be the best hope that
Africa's elephants have.

Elephants 1st September 2013 Amboseli Kenya #Handsoffourelephants


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The Ebola Virus is non-linear

Viruses exhibit non-linear and exponential characteristics and the new
"cheek by jowl" living arrangements in so many of our cities surely
present the Ebola virus with optimal conditions.

read more

Liberia police fire on protesters as West Africa's Ebola toll hits 1,350

Police in the Liberian capital fired live rounds and tear gas on
Wednesday to disperse a stone-throwing crowd trying to break an Ebola
quarantine imposed on their neighbourhood, as the death toll from the
epidemic in West Africa hit 1,350.

In the sprawling oceanfront West Point neighbourhood of Monrovia, at
least four people were injured in clashes with security forces,
witnesses said. It was unclear whether anyone was wounded by the
gunfire, though a Reuters photographer saw a young boy with his leg
largely severed just above the ankle.

Liberian authorities introduced a nationwide curfew on Tuesday and put
the West Point neighbourhood under quarantine to curb the spread of
the disease.

"The soldiers are using live rounds," said army spokesman Dessaline
Allison, adding: "The soldiers applied the rules of engagement. They
did not fire on peaceful citizens. There will be medical reports if
(an injury) was from bullet wounds."

The World Health Organization said that the countries hit by the worst
ever outbreak of the deadly virus were beginning to suffer shortages
of fuel, food and basic supplies after shipping companies and airlines
suspended services to the region.

The epidemic of the hemorrhagic fever, which can kill up to 90 percent
of those it infects, is ravaging the three small West African states
of Liberia, Sierra Leone and Guinea. It also has a toehold in Nigeria,
Africa's biggest economy and most populous country.

Liberia - where the death toll is rising fastest - said its Ministry
of Health warehouse had run out of rubber boots and bottles of hand
sanitiser, essential for preventing the spread of the disease.

Still struggling to recover from a devastating 1989-2003 civil war,
Liberia recorded 95 deaths in the two days to Aug. 18, the World
Health Organization said. Since it was discovered in remote
southeastern Guinea in March, the overall death toll from the outbreak
has reached 1,350 from a total of 2,473 cases.

"I don't have any food and we're scared," said Alpha Barry, a resident
of West Point who said he came from Guinea and has four children under
age 13.

In an effort to calm tensions, authorities on Wednesday started
delivering tonnes of rice, oil and essential foodstuffs to West Point,
residents and a government official said.

West Point residents said they were given no warning of the blockade,
which prevented them from getting to work or buying food. Many people
in impoverished parts of Monrovia buy food to eat each day rather than
stocking it.

Residents also said the closure immediately caused prices of basic
goods, including drinking water sold in sachets, to soar.

"We just saw it (the blockade) this morning. We came out and we
couldn't go anywhere. I haven't heard from anybody in authority what
happened," Barry, 45, who works as a money changer, told Reuters.

The task authorities face is made harder by misinformation. One West
Point resident told Reuters the government had sealed off the
neighbourhood in order to bring the disease in.

Meanwhile, Democratic Republic of Congo has sent its health minister
and a team of experts to the remote Equateur province after several
people died there from a disease with Ebola-like symptoms, a local
official and a professor said.

It was not immediately clear if there was any connection with Ebola.

read more

Smuggled Bushmeat Is Ebola's Back Door to America @Newsweek

In the Bronx, the high price (up to $100 for six or seven pounds,
Appiah tells us) attached to bushmeat (or viande de brousse, as it is
known in the French-speaking world) indicates a luxury indulgence in
the same way illegally imported caviar might for Russian émigrés in

Bushmeat may be a luxury, but it may also pose a deadly threat. A memo
obtained by Newsweek that circulated among customs officers and
agriculture specialists in 2007 noted that bushmeat is "a potential
vector of diseases such as Monkeybox, Ebola Virus, Severe Acute
Respiratory Syndrome (SARS) and other communicable diseases."

Internal documents show that from 2009 to 2013, the U.S. Customs and
Border Protection agency confiscated over 69,000 different bushmeat
items, with seizures ranging from dried bat to smoked monkey (see
sidebar). And that's likely a mere sliver compared with what actually
gets into the U.S. At least one estimate puts the number at 15,000
pounds every month.

New York City, home to nearly 77,000 West Africans (most of them in
the Bronx), is the epicenter of the bushmeat trade in the U.S. There
are very few direct flights from West Africa to the U.S.; the majority
of travelers first pass through Western Europe before connecting to
New York. One recent study estimated that 273 tons of bushmeat is
imported into Charles de Gaulle Airport on Air France carriers every
year. From France, the imported goods often travel on to America.

read more

PHOTO | PSCU Maj-Gen Philip Kameru, who has been nominated as director-general of the National Intelligence Service. PHOTO | PSCU
Kenyan Economy

Transcentury reports H1 2014 Profit after Tax Loss of [1.630828b]
Earnings here


Par Value:
Closing Price:           22.00
Total Shares Issued:          273950000 .00
Market Capitalization:        6,026,900,000
EPS:             1.66
PE:                 13.253

First Half through 30th June 2014 versus through June 2013

First Half Turnover 4.953340b versus 7.084507b
[Loss] Profit from operating activities [1.148479b] versus 1.027327b
First Half Net Finance Costs [383.714m] versus [437.472m]
First Half Loss/Profit before Income Tax [1.532193b] versus 589.855m
First Half Loss/Profit after Tax [1.630828b] versus 380.620m
First Half Earnings Per share [5.92] versus 0.89

Company Commentary

The revenue in the Power Division grew +13% attributed to increased
volumes driven by new markets.
However, the overall decline in revenue is attributed to the delayed
execution of several major construction projects in our Engineering
Division which have since commenced in the second half of the year.
The decline in net earnings is attributed to the fair value loss on
the disposal of the entire 34% shareholding in KU Railways Holdings
limited, the lead Investor in Rift Valley Railways to Africa Railways
limited on 31st March 2014.
The Group realised $43.7m from the sale which saw it recover its
entire cash investment in RVR.
The recent award of a Geothermal Power generation Plant also points
towards a strong recovery for the Group.


The decline in net earnings is attributed to the fair value loss on
the disposal of the entire 34% shareholding in KU Railways Holdings
limited, the lead Investor in Rift Valley Railways to Africa Railways
limited on 31st March 2014.

read more

"It looks like Kenya is jinxed especially this year. We had the attacks, then advisories and now Ebola stares at us," Millicent Adhiambo, CEO of the Kenya Coast Tourism Association, told Reuters.
Kenyan Economy

The Indian Ocean South Coast Diani Kenya


Kenya Shilling versus The Dollar Live ForexPros 88.348 [at key chart support]


Nairobi All Share Bloomberg +14.584% 2014



Nairobi ^NSE20 Bloomberg [Index has been above 5,000 since 5th August]


5,024.64 -24.05 -0.48%

Every Listed Share can be interrogated here


@KenyaPics  11m Lake Victoria #SeeKenya


read more

@SamsungMobileKE ยท "The Galaxy Tab S is built for the multimedia consumption in this age of virtual information" #TabSLifeIsColorful
Kenyan Economy

And Congratulations to Manoj @Changarampatt and @SamsungMobileKe for
bagging the 2014 Kenyan Mobile Phones Competitive Strategy Innovation
and Leadership Award Frost and Sulllivan


A British terrorism suspect in Kenya is no "monster" and has been
falsely linked with a fugitive jihadist from the UK dubbed the "White
Widow", his lawyer told a court on Thursday.


Grant had questioned why the media was "hell-bent to portray him
before Kenyans as a monster, and pressure this court to ensure he
doesn't get out of jail," Mwita added.
Police this month said they had lost the trail of Lewthwaite.
Kenyan media have reported several occasions in which witnesses have
seen a mystery white woman during a string of grenade attacks and
killings in the coastal region, who apparently then vanishes without a
There have been reported sightings of her riding a camel in Somalia,
as well as appearing on the other side of Africa, in Nigeria.
Grant is believed to have become radicalised as a teenager in the same
British prison where "shoe bomber" Richard Reid first turned to Islam.
Reid, who claimed he was an Al-Qaeda recruit, is serving a life
sentence in the United States for trying to blow up a flight from
Paris to Miami in December 2001.
Grant pleaded guilty in December 2011 to charges of being in the
country illegally and lying about his nationality, for which he was
sentenced to two jail terms of two years, to run concurrently.
The trial continues on October 16.

read more

Reflections on #Westgate, #Samanthalewthwaite The White Widow
Kenyan Economy

That's the backgrounder. Now lets jump to Westgate. As I scanned the
Al-Shabaab tweets I recalled this one that @GGoodwin retweeted

"Westgate: 14hr standoff relayed in 1400 rounds of bullets & 140
charac- ters of vengeance & still ongoing. Gd morning Kenya!"

Another read ''Here are 2 of the Mujahideen inside #Westgate mall,
unruffled and strolling around the mall in such sangfroid manner.''

I kept thinking to myself 'sangfroid' is such an unusual word. It
means coolness of mind; calmness; composure a kind of cold bloodedness
under pressure. And therefore, I am putting Samantha Lewthwaite at the
scene and I think she live-tweeted from inside Westgate for an as yet
undeter- mined period. And I think she signalled her presence and is
probably seek- ing some kind of recognition.

read more

N.S.E Today

The Shilling was last trading at 88.297 and just off a 2014 Low and
commentary has turned uniformly bearish.
Its clear that Hard Currency Tourism Receipts have slowed and I got
first hand evidence of this when I was in Diani and there was exactly
one international Tourist in the Hotel.
The Shilling is at key chart Support. However, the price of Crude Oil
has fallen sharply over the last 4 weeks and at the next round of Oil
Buying, a lot less Dollars will be needed than versus the previous
The Nairobi NSE20 firmed 3.42 points to close at 5028.06 and has in
fact closed above 5,000 every trading session since August 5th and is
at 7 month highs.
The Nairobi All Share eased 0.15 points to close at 156.43.
Equity Turnover was brisk with Turnover clocking 1.058b.

N.S.E Equities - Commercial & Services

Safaricom was the most actively traded share at the Securities
Exchange and closed unchanged at 12.75 and traded 30.159m shares worth
384.53m. Safaricom recalibrated its M-Pesa Tariff Structure this week
in a pre-emptive measure. Safaricom is +17.511% in 2014 and just 3.04%
below a record closing high from April this Year.

Kenya Airways eased 1.6% to close at 9.25 and traded 223,300 shares.
The Price has retreated this week and since the announcement was made
that Kenya Airways was pulling some flights to West Africa. The share
price fall is egregious.

N.S.E Equities - Finance & Investment

NIC Bank has begun the Sale of KES 3b bond (with a green shoe option)
at a yield rate 12.5%; tenor of 5 years. Similar government issues are
fetching a yield of 11.314% and the absolute Yield of 12.5% and the
more than 100 basis point premium to Government Paper is high and
handsome and the Issue will therefore be oversubscribed. NIC Bank
rallied +3.52% to close at 73.50 and traded shares as high as 77.00
+8.45% during the session. NIC Bank traded 152,000 shares. NIC Bank
has rallied +33.63% over the last 4 weeks. NIC Bank reported a 9.4%
Acceleration H1 PAT 2014.

NIC Bank share price data here


Standard Chartered firmed 0.63% to close at 317.00 and traded 3,300
shares. There were Buyers for 10x the volume traded during the
session, at the finish line, signalling further upside progress.
Standard Chartered reported a top of the Range first Half Profit After
Tax Acceleration of  +34.1769%. Standard Chartered is +4.276% in 2013
and has headroom.

N.S.E Equities - Industrial & Allied

Transcentury reported a First Profit after Tax Loss of [1.630828b]
after the market closed yesterday.  First Half Revenues were 30.08%
behind at 4.953340b versus 7.084507b. The Company attributed ''The
decline in net earnings to the fair value loss on the disposal of the
entire 34% shareholding in KU Railways Holdings limited, the lead
Investor in Rift Valley Railways to Africa Railways limited on 31st
March 2014'', which is when they issued a Profits Warning.  'The
overall decline in revenue is attributed to the delayed execution of
several major construction projects in our Engineering Division which
have since commenced in the second half of the year'' said the Company
in the accompanying commentary. Transcentury closed unchanged at 22.00
on light trading of 7,200 shares. Transcentury has retreated 23.47%
this year.

KenolKobil improved 0.62% to close at 8.10 and traded 35.296m shares
worth 285.995m. KenolKobil has traded 68.584200m shares over just 2
sessions [since releasing its First Half Earnings] and this represents
4.66% of the company and that self evidently is a material position.
KenolKobil was trading at 8.65 +7.45% at the Finish Line. KenolKobil
posted First Half Earnings where First Half 2014 Net Sales were
slashed 33.846% to 43.181308b from 65.274760b and First Half Profit
after Tax surged +260.44% to 531.168m. KenolKobil is -19.801% in 2014
and is set to rebound vigorously from here.

KenolKobil share price data and First Half Earnings Release here


Mumias Sugar rallied a further +6.82% to close at 2.35 and was in fact
locked at Limit Up and 2.40 +9.09% for most of the session. Mumias
Sugar slumped 30.76% and through a series of All Time Lows culminating
in an All Time Low of 2.05 on wednesday of this week. Mumias Sugar has
subsequently rebounded  +14.63% thursday and Friday. The current
impasse is simply intolerable for Stakeholders and Shareholders and
its no longer tenable.

Mumias Sugar share price data here


Athi River Cement rallied 1.204% to close at 84.00 a 5 week closing
High. ARM was trading at 85.00 +2.41% session highs at the Finish
Line. ARM is on streaming its Tanga Clinker Plant this half and this
will be the Catalyst for material margin expansion.

EABL eased 0.68% to close at 290.00 and traded 393,400 shares.

Home Africa rallied a further 1.98% to close at 5.15 and traded
947,400 shares. Home Africa has rallied 56.06% this month and on
meaningful volume.

by Aly Khan Satchu (www.rich.co.ke)
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August 2014

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