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Satchu's Rich Wrap-Up
Friday 13th of March 2015

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Prompt Board Next day settlement
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The Latest Daily PodCast can be found here on the Front Page of the site

Please accept this earlier Missive as We are headed to Dar-Es-Salaam.

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“I think it's a lovely hallucination but I love it sorta.” ― Jack Kerouac, The Dharma Bums

“Who can leap the world's ties and sit with me among white clouds?”  ―
Jack Kerouac, The Dharma Bums

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Major nations hold talks on ending U.N. sanctions on Iran - officials
Law & Politics

Major world powers have begun talks about a United Nations Security
Council resolution to lift U.N. sanctions on Iran if a nuclear
agreement is struck with Tehran, a step that could make it harder for
the U.S. Congress to undo a deal, Western officials said.

The talks between Britain, China, France, Russia and the United States
— the five permanent members of the Security Council — plus Germany
and Iran, are taking place ahead of difficult negotiations that resume
next week over constricting Iran's nuclear ability.

Some eight U.N. resolutions - four of them imposing sanctions - ban
Iran from uranium enrichment and other sensitive atomic work and bar
it from buying and selling atomic technology and anything linked to
ballistic missiles. There is also a U.N. arms embargo.

Iran sees their removal as crucial as U.N. measures are a legal basis
for more stringent U.S. and European Union measures to be enforced.
The U.S. and EU often cite violations of the U.N. ban on enrichment
and other sensitive nuclear work as justification for imposing
additional penalties on Iran.

U.S. Secretary of State John Kerry told Congress on Wednesday that an
Iran nuclear deal would not be legally binding, meaning future U.S.
presidents could decide not to implement it. That point was emphasized
in an open letter by 47 Republican senators sent on Monday to Iran's
leaders asserting any deal could be discarded once President Barack
Obama leaves office in January 2017.

But a Security Council resolution on a nuclear deal with Iran could be
legally binding, say Western diplomatic officials. That could
complicate and possibly undercut future attempts by Republicans in
Washington to unravel an agreement.


It is apparently a DONE DEAL

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28-OCT-2013 @BarackObama and @HassanRouhani The Two Husseins
Law & Politics

THE recent rapprochement between President Barack Obama and Iran’s
Hassan Rouhani has certainly snapped a losing sequence in US-Iran
Relations that goes all the way back to the Iranian revolution in 1979
when Ayatollah Khomeini overthrew Mohammad Reza Pahlavi, the Shah of
Iran. The Shah was the second and last monarch of the House of Pahlavi
and otherwise known as the peacock throne. Hussein [Barack Hussein
Obama] and Hassan [Rouhani] share the same name as did Prophet
Muhammed’s revered grandsons. Those who pursue the study of
anthroponymy [personal names] especially in the Islamic World probably
view this as very fortuitious.

Hussein and Hassan are going to cut through a great deal of
interference. In this situation, there are powerful vested interests
fully invested in the status quo. If the pax Americana in the Middle
East were a three legged stool with the US the most important leg,
then Israel and Saudi Arabia are the other two legs of that stool.
Neither Riyadh nor Tel Aviv are aligned with President Obama’s Iranian


It looks increasingly like Hassan and Hussein and their 2 Foreign
Ministers have cut through the interference.

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艾未未 Ai Weiwei ‏@aiww RT @alykhansatchu: @Aiww What's in a Name? @Hirshorn
Law & Politics

A name is the first and final marker of individual rights, one fixed
part of the ever-changing human world. A name is the most basic
characteristic of our human rights: No matter how poor or how rich,
all living people have a name, and it is endowed with good wishes, the
expectant blessings of kindness and virtue.

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When I was the Shah of Iran and with President JFK
Law & Politics

“From a logical point of view, anyone who sets out to create a Great
Civilization ought to begin with people, with training cadres of
experts in order to form a native intelligentsia. But it was precisely
that kind of thinking that was unacceptable. Open new universities and
polytechnics, every one a hornets' nest, every student a rebel, a
good-for-nothing, a freethinker?”
― Ryszard Kapuściński, Shah of Shahs

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Shah of Iran looking out to Sea in exile in Panama
Law & Politics

“Oil creates the illusion of a completely changed life, life without
work, life for free. Oil is a resource that anaesthetises thought,
blurs vision, corrupts.” ― Ryszard Kapuściński, Shah of Shahs

Ayatollah Khamenei has a lot riding on this.

“If the crowd disperses, goes home, does not reassemble, we say the
revolution is over.” ― Ryszard Kapuściński

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How has Bashar Hafez al-Assad survived these past four years? What is the man’s secret?
Law & Politics

How has Bashar Hafez al-Assad survived these past four years? Ever
since the Syrian revolution of 2011, his overthrow has been predicted
by the greatest statesmen of our day, by the finest journalists, by
the most anonymous of “senior diplomats”. What is the man’s secret?

It’s difficult to remember how swiftly he became the West’s latest
Arab Hitler, his repressive government a regime of war crimes, his
beautiful wife transformed overnight by the world’s press from the
“Rose of the Desert” to Lady Macbeth of Damascus. Laurent Fabius,
France’s least eloquent foreign minister, even told us that Bashar
does not deserve to live “on this planet”. But Bashar has survived in
another universe. It’s called the Baath party, and its satellite is
the army.

So who will win? At first, we supported the opposition and hated
Assad. But now that Isis is ruling much of Syria (though few of its
cities) and killing Christians and Westerners, we hate Isis even more
than we hate Assad. That’s why we bomb Isis but didn’t bomb Assad.


He has survived because he made Syria think Apres Bashar Le Deluge

Bashar and Asma Assad


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Currency Markets at a Glance WSJ
World Currencies

Euro 1.0608
Dollar Index 99.37 The dollar index, however, is still on track to end
the week up more than 2 percent, extending last week's 2.5 percent
Japan Yen 121.50 dollar slipped to 121.34 yen JPY=, pulling away from
a near eight-year high of 122.04.
Swiss Franc 1.0052
Pound 1.4866 The pound GBP=D4 plumbed a 20-month low of $1.4850 and
was last trading at $1.4871.
Aussie 0.7676
India Rupee 62.565
South Korea Won 1127.20
Brazil Real 3.1716
Egypt Pound 7.6337
South Africa Rand 12.2913

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29-SEP-2014 A Small Window for Sharks as Dollar Rises
World Currencies

The point I am making is that the dollar has just started going. There
will be blood in the water. There is a small window if we want to be
the sharks.

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Dollar Index 3 Month Chart INO 99.37 [topped a 100.00 yesterday which was my target from a while back]
World Currencies

An unexpected fall in U.S. retail sales gave the market an excuse to
sell the dollar, which promptly retreated from a 12-year high against
a basket of major currencies.

The dollar index .DXY last stood at 99.332, having slid 0.4 percent on
Thursday - its biggest one-day fall in a month. The index earlier rose
as far as 100.060, a high not seen since mid-April 2003.

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In South Africa, Ranchers Are Breeding Mutant Animals to Be Hunted

It’s easy to spot Columbus. He’s not only the biggest and strongest
gnu among the dozens grazing on a South African plain, he also sports
a golden-hued coat, a stunning contrast to the gray and black gnus
around him.

Finding Columbus in the wild would be a stroke of amazing luck. More
than 99.9 percent of all wild gnus, also called wildebeest, from the
Afrikaans for “wild beast,” have dark coats. But this three-year-old
golden bull and his many offspring are not an accident. They have been
bred specially for their unusual coloring, which is coveted by big
game hunters.

These flaxen creatures are the latest craze in South Africa’s $1
billion ultra-high-end big-game hunting industry. Well-heeled marksmen
pay nearly $50,000 to take a shot at a golden gnu — more than 100
times what they pay to shoot a common gnu. Breeders are also
engineering white lions with pale blue eyes, black impalas, white
kudus, and coffee-colored springboks, all of which are exceedingly
rare in the wild.

“We breed them because they’re different,” says Barry York, who owns a
2,500-acre ranch about 135 miles east of Johannesburg. There, he
expertly mates big game for optimal — read: unusual — results.
“There’ll always be a premium paid for highly-adapted, unique, rare

Rich marksmen pay a premium to shoot “Frankenstein freaks of nature”

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Nigeria Vote May Spawn Violence Whoever Wins: Control Risks

Nigeria, the biggest economy in Africa, will probably face violence in
the aftermath of its elections this month no matter who emerges the
winner among the leading candidates, according to Control Risks Group.

A victory for President Goodluck Jonathan, a Christian from the
crude-producing south, would pose a “real potential for civil unrest”
in the north, Thomas Horn Hansen, senior Africa analyst at Control
Risks, told reporters on Thursday in Lagos, the commercial capital.
There’s also a “potential for backlash” in the oil-rich Niger Delta if
former military ruler Muhammadu Buhari, a Muslim northerner, unseats
Jonathan. Companies are preparing for either scenario, said Hansen.

Nigeria, Africa’s biggest oil producer, is holding elections on March
28 following a six-week postponement. The ruling People’s Democratic
Party, undefeated since the end of military rule in 1999, is facing
what may be its toughest contest after opposition parties merged in
2013 to form the All Progressives Congress.

The last vote in 2011, which also pitted Jonathan against Buhari, was
followed by violence that left about 800 people dead, according to New
York-based Human Rights Watch.


such a tight race 42% each at the last count is a recipe for disaster
in SSA, typically.

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Nigeria drafts in foreign mercenaries to take on Boko Haram

Nigeria has brought in hundreds of mercenaries from South Africa and
the former Soviet Union to give its offensive against Boko Haram a
shot in the arm before a March 28 election, according to regional
security, defence and diplomatic sources.

Rumours about the use of foreign “soldiers of fortune” against the
Islamist militant group gained substance this month when pictures
surfaced on Twitter showing armoured vehicles rumbling along a street
in what was said to be Maiduguri, the regional capital of Nigeria’s
Boko Haram-hit northeast.

In one photo that appeared on Twitter on March 6, a white man in a
khaki tee-shirt and body armour is shown beside a heavy-calibre
machine gun on top of one of the sand-coloured vehicles as the column
drives through the streets at dusk.

A Reuters reporter with knowledge of Maiduguri was able to verify the
location of the photo as the Bama road, leading southeast out of the
city, near the University of Maiduguri.

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Ghana Stock Exchange Composite Index Bloomberg -3.49% 2015

Ghana's finance minister said the forecast for oil revenues in 2015
had been slashed to 1.5 billion cedis ($417 million), down from 4.2
billion cedis forecast in the budget presented in November due to
falling oil prices.

"We have seen demand surging day-by-day in recent days. It appears
people are just panicking so they are buying in anticipation of a
(dollar) shortfall as inflows have almost dried up," Stanbic Ghana
analyst Kofi Pianim said.


Ghana's central bank has been supporting the interbank market with
weekly dollar sales but traders say the amounts sold were inadequate
to meet the high demand.

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Aly Khan Satchu, an independent trader, said the stock market was nudging lower on profit-taking after the market shot up during a red-hot streak in January and February Reuters
Kenyan Economy

Kenya's stock market has lost ground in every trading session since
March 2, when the benchmark NSE20 Index hit a seven year high, and
fell again on the day despite the bourse's biggest stock by market
capitalisation, Safaricom SCOM.NR , scaling an all-time high.

Aly Khan Satchu, an independent trader, said the stock market was
nudging lower on profit-taking after the market shot up during a
red-hot streak in January and February.

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Kenya Shilling versus The Dollar Live ForexPros 91.60
Kenyan Economy

Nairobi All Share Bloomberg +5.85% 2015


Nairobi ^NSE20 Bloomberg +4.90% [Has corrected 137 points since
reaching a 7 year High March 2nd]


5,362.43 -6.26 -0.12%

Every Listed Share can be interrogated here


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Vimal, who is the managing director and public face of Bidco which sells edible oils and washing detergents across Africa, controls 33.3 per cent shares of the company according to disclosures made by the (IFC) @BD_Africa
Kenyan Economy

His father and his brother also have 33.3 per cent shareholding in the
Thika-based manufacturer.

The shareholding structure of the Kenyan-grown multinational has
remained a closely guarded family secret for the 45 years that company
has been in existence.

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by Aly Khan Satchu (www.rich.co.ke)
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March 2015

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