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Satchu's Rich Wrap-Up
Monday 02nd of March 2015

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0930-1500 KENYA TIME

Normal Board - The Whole shebang

Prompt Board Next day settlement

Expert Board All you need re an Individual stock.

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

@alykhansatchu Lovely colours this morning #ThisisNairobi  #nofilter 

I am at the @ICTAuthorityKE Innovation Forum at the @KICC_kenya today 

@alykhansatchu  #InnovKE is here @KICC_Kenya  @ZiaraKenya  @ICTAuthorityKE @SafaricomLtd 

An Interview with @JoshuaOigara CEO @KCBGroup #KCB2014FYResults 

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Macro Thoughts


You know my views on The Dollar and The Euro now. 

Home Thoughts

 @alykhansatchu  Looking towards Westlands #ThisisNairobi 

“Look, boys, it ever strike you that the world not real at all? It ever strike you that we have the only mind in the world and you just thinking up everything else? Like me here, having the only mind in the world, and thinking up you people here, thinking up the war and all the houses and the ships and them in the harbour. That ever cross your mind?” 

― V.S. Naipaul, Miguel Street


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@MikeTyson February 25, 1964 Cassius Clay Stops Sonny Liston to win Heavyweight Championship. @MikeTyson

They deserve the highest accolade because they had to know where [their] strategy is leading and why…[and] act at the outer edge of the possible…. Because repetition of the familiar leads to stagnation, no little daring is required. 

 “If order cannot be achieved by consensus or imposed by force, it will be wrought, at disastrous and dehumanizing cost, from the experience of chaos.”

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Malcolm X is attractive simply for how he dealt with state oppression and organized hostility—through transcendence.
Law & Politics

If America didn’t want him, he wasn’t to be bound by its borders. Malcolm’s awesome trajectory from street hustler to the global arena

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Currency Markets at a Glance WSJ
World Currencies

Euro 1.1176

Dollar Index 95.25

Japan Yen 119.86

Swiss Franc 0.9549

Pound 1.5399

Aussie 0.7764

India Rupee 61.865

South Korea Won 1102.00

Brazil Real 2.8390

Egypt Pound 7.6410

South Africa Rand 11.6759

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Crude oil rose sharply on Friday as Brent and U.S. futures posted their first monthly gains since June

On its way to contract expiration, March New York ultra-low sulfur diesel (ULSD) gained more than 7 percent in volatile trading, and the 36 percent February increase was the biggest percentage monthly rise in 15 years.

Brent crude LCOc1 rose $2.53 to $62.58 a barrel. February's 18 percent gain was the biggest monthly percentage rise since May 2009.

U.S. crude CLc1 rose $1.59 to settle at $49.76, managing a 3.1 percent February gain.

The spread between Brent and U.S. crude CL-LCO1=R was as wide as $13 a barrel on Friday, the highest Brent premium since January 2014.

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Addressing the gathering in a 90-minute speech, Mugabe castigated the US which has imposed sanctions on both Zimbabwe and him personally.
Law & Politics

"They (the US) can't have it both ways if they want to be friends then they must be friends with us in total and we allow them to have some safaris," he said.

"But they can't say 'allow our people to visit, allow our people to have safaris, to kill our lions and take safari trophies to America," he added.

One of the banners welcoming him to the party praised him as "the icon of Zimbabwe's revolution."

"Forward with President Mugabe," supporters chanted.

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@_PaulWallace #Nigeria's #naira heads for its worst monthly performance in 6 years as elections are delayed
World Currencies

Nigeria’s Naira Heads for Biggest Monthly Loss Since 2008

The currency of Africa’s biggest economy and crude producer fell 0.6 percent to 203 per dollar by 4:12 p.m. in Lagos, extending its loss since the end of January to 7.6 percent, the most since Dec. 2008, according to data compiled by Bloomberg. The naira is the worst performer this month among 24 African currencies tracked by Bloomberg.

“The postponement of the elections was negative for the naira,” Ridle Markus, a strategist at Barclays Plc’s South African unit, said by phone from Johannesburg. “I’m not convinced the troubles are over. We have the naira on a gradual path to 220 by the end of the year.”

Nigeria’s currency depreciated 20 percent since June as oil prices declined almost 45 percent. Investor confidence received a further blow when officials delayed the presidential election by six weeks until March 28, saying the army needed more time to recapture areas in the north east under the control of Boko Haram militants.

The naira dropped to a record 206.32 on Feb. 12, the week after the delay was announced. The central bank introduced trading restrictions a day later to reduce volatility. While that helped pare losses, the reduction in foreign-exchange liquidity increased investor concern about the ability to exit local positions, according to Standard Chartered Plc.

January 21, 2015 He added that "The currency is headed to 220 ... and Emefiele's finger in the dyke strategy is about to be overwhelmed by a tsunami." @Reuters

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

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