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Wednesday 09th of March 2016 |
Morning, Africa |
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If you are tracking the NSE Do it via RICHLIVE and use Mozilla Firefox as your Browser. 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 http://www.rich.co.ke
Macro Thoughts |
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Is This the Most Distant Galaxy Ever Seen? Africa |
A galaxy discovered in 2013 may be the most distant galaxy ever seen. And I do mean distant: If the research is correct, the light we see from it left now the galaxy 13.3 billion years ago. Incredibly, we’re seeing it as the very first stars in the Universe themselves were forming!
“We come spinning out of nothingness, scattering stars like dust.” Rumi
The Older Children are headed off to university later this year. Its a little unfathomable how quickly time has passed from holding them in my arms from the day they were born.
Sometimes I slice through all the teenage Noise - Grab hold them of them and squeeze them and ask
''Who's your Daddy?''
“It will never rain roses: when we want to have more roses, we must plant more roses.” ― George Eliot
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US military airstrikes launched in Somalia over the weekend killed more than 150 people. Law & Politics |
The strikes mark a significant escalation of US operations in the Horn of Africa, a region that borders the Bab el-Mandeb Strait, a critical oil passageway that links the Mediterranean and the Red Sea to the Indian Ocean.
Those killed, according to an official cited by the New York Times, were “standing outside in formation” when a combination of drones and manned airplanes destroyed the camp and killed almost everyone present.
Conclusions
If you look just at Fatalities - The Chart is going parabolic.
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World's Food-Import Bill Just Shrank $9 Billion to Five-Year Low Commodities |
The world’s food bill just fell $9 billion from a previous estimate as a glut of oil and ships cut transportation costs, adding to an oversupply of everything from grains to sugar, according to the United Nations.
Countries around the globe probably spent $1.076 trillion importing food in 2015, a five-year low, the UN’s Food & Agriculture Organization estimated. That’s 0.8 percent less than the Rome-based agency had forecast in October and marks the first drop since 2009.
The cost was 20 percent less than a record $1.345 trillion in 2014 as bumper harvests boosted global supplies, helping bring down costs, FAO data showed. Oil prices declined for a third year in 2015 as nations from Saudi Arabia to Iraq decided against curbing supply, adding to a glut from a U.S. boom in production of shale energy deposits. That cut shipping costs, with the Baltic Dry Index sliding to a record low in February.
"Cereal and livestock bills, both in terms of a decline in prices and a fall in trade volumes, are again culpable for the lower cost of food imports," said Adam Prakash, an FAO economist. "Freight costs also plummeted making unit costs of importing cheaper."
A gauge of agricultural commodities finished 2015 at the lowest year-end level since 2006. Reduced energy prices also cut fertilizer costs.
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"Barclays is not about Africa," he told Reuters on Monday on the sidelines of an investment roadshow in London. Africa |
"It's about Europe and European banks and the way they mismanaged their affairs and...found themselves in difficulties in terms of capital requirements that the financial stability board established by the G20 and British authorities required of them for overseas operations."
"We understand growth is the key issue, if that denominator changes everything changes with it," he said, adding that the budget's fiscal measures demonstrated the government's determination to act on the deficit.
On the alleged clash with Moyane, Gordhan said only:
"Mr Moyane is merely the administrative head of an entity and you cannot equate a minister in a government with the head of an administration."
"The president a week ago expressed confidence in the minister of finance, that's why the minister is here with his team and private sector team to meet with people who are invested in the South African economy," he added.
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@KCBGroup Full Year Earnings and share price data here Africa |
Par Value: 1/- Closing Price: 41.00 Total Shares Issued: 2984227692.00 Market Capitalization: 122,353,335,372 EPS: 6.086 PE: 6.737
KCB Group FY 2015 results through 31st December 2015 vs. 31st December 2014 FY Loans and advances to customers 345.968686b vs. 283.732205b +21.935% Profit before tax and exceptional items 26.537573b vs. 23.787429b +11. 561% Profit after tax and exceptional items 19.623071b vs. 16.848863b +16.465% EPS 6.49 vs. 5.63 +15.275% FY Dividend 2 shillings a share unchanged [Part Scrip Part Cash] Liquidity ratio 48.3% vs. 43.7% +4.600%
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