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Satchu's Rich Wrap-Up
Tuesday 03rd 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 

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Looking forward to hosting @JMakamba at #Mindspeak 14th March in Dar-Es-Salaam

Fearlessness to Change @JMakamba CPI Financial


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I am at the #InnoveKE Forum at the @KICC_kenya which has proven a real eye opener

1. @alykhansatchu  "While the World is not looking a pulsating, dynamic and innovative new Kenya is emerging" #InnovKE 

‏2. @alykhansatchu  CS @FredMatiangi and Victor Kyalo CEO @ICTAuthorityKE #INNOVKE @KICC_kenya 

3. @alykhansatchu  "The Digital Dream" @MikeMachariaSST #InnovKE Silicon Savannah Is it a state of mind or a place? 

4. @UKenyatta #InnovKE "innovation is vital and urgent...Do not hold back let's move forward on this great adventure" 

5. @alykhansatchu  H.E. @UKenyatta "ICT is and will remain a big deal in #Kenya" @ICTAuthorityKE 

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Home Thoughts

The Little One has her pair of spectacles and has become a book worm. I wish my Mother was alive because she would have so enjoyed Hannah's Company.

"You were born with wings, why prefer to crawl through life?" Mevlana

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Political Reflections
Law & Politics

Prime Minister Benjamin @Netanyahu and wife Sarah leave Tel Aviv on their way to Washington D.C. Photographer: Amos Ben Gershom/GPO via Getty Images

Susan Rice told Aipac hours after Netanyahu spoke. “Soundbites won’t stop Iran from getting a nuclear weapon. Strong diplomacy, backed by pressure, can.”

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@haaretzcom Netanyahu as popular as ever in U.S., says Gallup poll
Law & Politics

“I taught Bibi how to navigate toward a target, so it pains me now to have to tell him he’s made a mistake in navigation, the target is Tehran, not Washington,” said retired major-general Amiram Levin

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A masked, black-clad militant, identified as a Briton named Mohammed Emwazi, brandishes a knife in this still image from a 2014 video obtained from SITE

Images contaminate us like a Virus 

10. Was Mohammed Emwazi really 'radicalised'? Or is he just a sick loser?

Put another way, bitter and socially awkward virgins are often drawn to ideologies which seek to police women’s chastity and reap violent revenge on the society that has shunned them. Ideological creeds like Isis, which seek to turn women into sex slaves and cling to a cartoonish masculinity festooned with heavy weaponry and ultra-violence, come ready-made for the Mohammed Emwazis of the world.

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Currency Markets at a Glance WSJ
World Currencies

Euro 1.1197 The euro, meanwhile, was up 0.1 percent at $1.1192 EUR=, crawling up from a six-week low of $1.1160 struck overnight.

Dollar Index 95.28

Japan Yen 119.67 Etsuro Honda, an economic adviser to Japanese Prime Minister Shinzo Abe, told the Wall Street Journal in an interview that dollar/yen may be at the "upper limit of comfort zone."

Swiss Franc 0.9574

Pound 1.5389

Aussie 0.7831 The currency AUD=D4 jumped half a U.S. cent after the Reserve Bank of Australia (RBA) said it was too early to follow February's quarter point cut to a record low of 2.25 percent.

India Rupee 61.915

South Korea Won 1096.27

Brazil Real 2.8964

Egypt Pound 7.6285

South Africa Rand 11.7167

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Dollar Index 3 Month Chart INO 95.28 [Target 100.00]
World Currencies

12-JAN-2015 I think the Fed is just one headline economic print from raising interest rates.

The US economy is the ‘come-back kid’ of 2015. The Federal Reserve has stopped printing dollars and I think the Fed is just one headline economic print from raising interest rates. A rate hike, even as small as 0.25 per cent, will be the catalyst for a renewed surge in the dollar. The Dollar Index is headed a lot higher – buy the dollar.

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Angola likely to devalue kwanza this year: money manager
World Currencies

As oil prices fell 60 percent between June 2014 and January this year, foreign exchange supplies have dried up, helping to push the kwanza to record lows against the U.S. dollar several times this year.

The kwanza, which is controlled by the central bank, has weakened by around 8 percent in the last six months, but Imara expects a one-off devaluation soon of around 20 percent.

"Foreign exchange supply has been tight and that has increased speculation," Imara Securities' Angola managing director Anthony Lopes Pinto told the Reuters Africa Investment Summit.

"I think a devaluation of around 20 percent has to happen at some stage," said Lopes Pinto, adding that the kwanza was trading at a 20-40 percent discount on the black market.


January 12th 2015 The oil warfare specialist, US President Barack Obama, has successfully wrestled crude price to below $50 a barrel, and with that effected a chokehold on Vladimir Putin's Russia, Venezuela and others as far afield as Nigeria and Angola.

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African Stock Market Performance US Dollar-Adjusted Total Return as of February 28, 2015
World Of Finance


Botswana Stock Exchange 3.7% -3.7%  2.4% -7.9% -0.2%

BRVM 2.2% -12.2% 47.8% 56.2% -6.4%

Dar es Salaam Stock                 -2.3% 20.0% 78.2% 73.3% 1.5%

Ghana Stock Exchange -3.5%-34.5% 3.1% N/A -11.5%

Johannesburg Stock Ex 1.3% 10.5% -1.8% 33.5% 5.6%

Lusaka Stock Exchange -6.1% -1.9% 20.9% 61.5% -7.2%

Malawi Stock Exchange 4.3% 9.9% N/A N/A 5.0%

Nairobi Securities Exchange 6.3% 17.7% 121.3% 95.9% 7.0%

Namibian Stock Exchange 1.6% 11.1% 12.1% 82.2% 3.8%

Nigerian Stock Exchange -5.6% -38.0% 16.7% -1.3% -21.3%

Rwanda Stock Exchange -0.3% -9.4% N/A N/A -1.5%

Stock Exchange of Mauritius -3.0% -12.3% -1.2% 15.9% -7.5%

Uganda Securities Exchange 3.0% 23.1% 92.8% 82.0% 8.3%

Zimbabwe Stock Exchange 1.4% -11.8% 14.5% 19.1% 2.7%

S&P500 5.5% 13.2% 54.1% 90.5% 2.2%

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Buhari Gains From Tough-Guy Image as Boko Haram Hits Nigeria

“The corrupt will not be appointed into my administration,” Buhari said at a Feb. 26 appearance at the Chatham House research center in London. Nigeria has become “one economy for a few who have so much on their tiny islands of prosperity, and another for the many who have so little in their vast ocean of misery.”

“With the halving of oil prices, whoever wins is facing a completely different set of policy choices to what anyone’s seen in the last five years,”

Presidential candidate Mohammadu Buhari raises his hand during a campaign rally of the party in Maiduguri, on February 16. Buhari, a three-time loser in presidential races, has gained popularity against President Goodluck Jonathan, as Africa’s most populous nation reels from Boko Haram’s war. Photographer: Olatunji Omirin/AFP/Getty Images

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Nairobi Security Exchange on a red hot winning streak The Star
N.S.E General

The Nairobi Securities Exchange has been on a Kerry Packer type winning streak. Kerry Packer was an Australian tycoon who founded World Series Cricket which was a break away professional cricket competition staged between 1977 and 1979. World Series Cricket started the innovation process which re-invented cricket.

Kerry Packer was a famous and lucky gambler and apparently walked into Vegas one evening and there is a noisy Texas Oil-Man around whom all the attractive girls are buzzing like bees and he calls over the waiter and asks;

''How much is that man worth''

The waiter responds '' $60m.''

Packer walks over and introduces himself and takes out a coin and says '' “I’ll toss you for $60m''

Packer was, more remarkably, once reported to have won 20 hands of baccarat in a row at Las Vegas.

The reason Packer came to my mind was in part because the Cricket World Cup is underway and because The Nairobi Securities Exchange has been on a red hot winning streak of mythic proportions. The Nairobi NSE20 has soared +7.42 per cent and to a more than seven year high. The Nairobi All Share has ramped +7.87 per cent higher so far. We have been in a full-on bull market for over 36 months now.

We are now slap, bang and in the middle of the earnings season at the bourse. And last week, I took myself off [and my camera crew - I really am pleased with my investment in some ''pukka'' camera equipment because what is clear now is that we are in a revolutionary digital moment] to the Hilton Hotel to hear the earnings release from Kenya Commercial Bank. What caught my attention and everyone else's was an eye-popping acceleration of Sh100 billion in the asset base year-on-year. That was the signal in the noise. Mr. Oigara characterises this moment in our region as a catalytic moment. If you believe its a catalytic moment then putting a Sh100 billion to work is a serious statement and that's the point.

Further evidence of why this is the moment to be putting Sh100 billion to work was a report carried on Bloomberg last week which stated:

''The world is expected to grow 3.2 per cent in 2015 and 3.7 per cent next year after expanding 3.3 per cent in each of the past two years, according to a Bloomberg survey of economists. China, the Philippines, Kenya, India and Indonesia, which together make up about 16 per cent of global gross domestic product, are all forecast to grow more than five per cent in 2015.''

Kenya ranked third in Bloomberg's All-Stars of the Global Economy for 2015.

Finally, Kudos to the Cabinet Secretary National Treasury Henry Rotich for stepping up on the Capital Gains Tax.

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

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