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Satchu's Rich Wrap-Up
 
 
Wednesday 23rd of November 2016
 
Morning
Africa

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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

http://www.rich.co.ke

This Saturday 26th November #Mindspeak hosts @Safaricomltd CEO
@BobCollymore at the Inter Continental Nairobi from 0930

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London at night Photograph: Tim Peake/ISS/Nasa/Esa
Africa


The River Thames flows through the centre, with many of London’s
famous bridges visible. The distinctive Isle of Dogs and Thames
Barrier can also be seen

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Exclusive Interview: How Jared Kushner Won Trump The White House Forbes
Law & Politics


It’s been one week since Donald Trump pulled off the biggest upset in
modern political history, and his headquarters at Trump Tower in New
York City is a 58-story, onyx-glassed lightning rod. Barricades, TV
trucks and protesters frame a fortified Fifth Avenue. Armies of
journalists and selfie-seeking tourists stalk Trump Tower’s pink
marble lobby, hoping to snap the next political power player who steps
into view. Twenty-six floors up, in the same building where washed-up
celebrities once battled for Trump’s blessing on The Apprentice, the
president-elect is choosing his Cabinet, and this contest contains all
the twists and turns of his old reality show.

Winners will emerge shortly. But today’s focus is on the biggest
loser: New Jersey governor Chris Christie, who has just been fired
from his role leading the transition, along with most of the people
associated with him. The episode is being characterized as a “knife
fight” that ends in a “Stalinesque purge.”

The most compelling figure in this intrigue, however, wasn’t in Trump
Tower. Jared Kushner was three blocks south, high up in his own
skyscraper, at 666 Fifth Avenue, where he oversees his family’s
Kushner Companies real estate empire. Trump’s son-in-law, dressed in
an impeccably tailored gray suit, sitting on a brown leather couch in
his impeccably neat office, displays the impeccably polite manners
that won the 35-year-old a dizzying number of influential friends even
before he had gained the ear, and trust, of the new leader of the free
world.

“It’s hard to overstate and hard to summarize Jared’s role in the
campaign,” says billionaire Peter Thiel, the only significant Silicon
Valley figure to publicly back Trump. “If Trump was the CEO, Jared was
effectively the chief operating officer.”

“Jared Kushner is the biggest surprise of the 2016 election,” adds
Eric Schmidt, the former CEO of Google, who helped design the Clinton
campaign’s technology system. “Best I can tell, he actually ran the
campaign and did it with essentially no resources.”

The Trump campaign, meanwhile, delved into message tailoring,
sentiment manipulation and machine learning. The traditional campaign
is dead, another victim of the unfiltered democracy of the Web–and
Kushner, more than anyone not named Donald Trump, killed it.

The decision that won Trump the presidency started on the return trip
from that Springfield rally last November aboard his private 757,
dubbed Trump Force One. Chatting over McDonald’s Filet-O-Fish
sandwiches, Trump and Kushner talked about how the campaign was
underutilizing social media. The candidate, in turn, asked his
son-in-law to take over his Facebook initiatives.

Despite his itchy Twitter finger, Trump is a Luddite. He reportedly
gets his news from print and television, and his version of e-mail is
to handwrite a note that his assistant will scan and attach.

Television and online advertising? Small and smaller. Twitter and
Facebook would fuel the campaign, as key tools for not only spreading
Trump’s message but also targeting potential supporters, scraping
massive amounts of constituent data and sensing shifts in sentiment in
real time.

Soon the data operation dictated every campaign decision: travel,
fundraising, advertising, rally locations–even the topics of the
speeches. “He put all the different pieces together,” Parscale says.
“And what’s funny is the outside world was so obsessed about this
little piece or that, they didn’t pick up that it was all being
orchestrated so well.”

For fundraising they turned to machine learning, installing digital
marketing companies on a trading floor to make them compete for
business. Ineffective ads were killed in minutes, while successful
ones scaled. The campaign was sending more than 100,000 uniquely
tweaked ads to targeted voters each day. In the end, the richest
person ever elected president, whose fundraising effort was rightly
ridiculed at the beginning of the year, raised more than $250 million
in four months–mostly from small donors.

“I assume he’ll be in the White House throughout the entire
presidency,” says News Corp. billionaire Rupert Murdoch. “For the next
four or eight years he’ll be a strong voice, maybe even the strongest
after the vice president.

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Renzi's Party Wants Early Election in Italy If Referendum Lost
Law & Politics


Prime Minister Matteo Renzi’s party would seek early elections in
Italy by the summer of 2017 if he loses a referendum on constitutional
reform, according to a senior official.

Renzi’s “Yes” campaign was 8 percentage points behind in the final
surveys released on Nov. 18 by RTI before a two-week blackout period
ahead of the vote.

Five Star’s Luigi Di Maio, Renzi’s main rival and deputy-speaker of
the lower house, has said Italy must hold elections “as soon as
possible” if the premier’s plans for reform are rejected. To carry out
electoral reform, Renzi might need the support of ex-premier Silvio
Berlusconi’s Forza Italia party with a number of his own lawmakers
threatening to rebel over the referendum.

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14-NOV-2016 What is clear to me is that we are watching a populist wave or zeitgeist which has Italy, France and the Netherlands all in its crosshairs
Law & Politics


The result in the US mimicked the Brexit result and what is clear to
me is that we are watching a populist wave or zeitgeist (some have
characterised it as a ‘’whitelash’’) which has now swept the United
Kingdom and the US and has Italy (where Matteo Renzi has called for a
Referendum), France (where Marine Le Pen is the most popular
politician by a street) and the Netherlands all in its crosshairs.

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14-NOV-2016 "This is the deflagration of an epoch. It's the apocalypse of this information system, of the TVs, of the big newspapers, of the intellectuals, of the journalists." @Beppe_Grillo
Law & Politics


Comic-turned-politician Beppe Grillo, co-founder of Five Star, said

“ This is the deflagration of an epoch. It’s the apocalypse of this
information system, of the TVs, of the big newspapers, of the
intellectuals, of the journalists.”

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.0627
Dollar Index 101.04
Japan Yen 111.02
Swiss Franc 1.0113
Pound 1.2405
Aussie 0.7430
India Rupee 68.465
South Korea Won 1177.25
Brazil Real 3.3645
Egypt Pound 17.6455
South Africa Rand 14.0629

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A Foolish Power Grab in Congo
Africa


African nations can fight back against Mr. Kabila’s dangerous power
grab by joining Security Council members in sending a forceful message
that the president must leave office on Dec. 19, as originally
planned. Experts from Congo say that the president of the federal
Senate could take over instead. If Mr. Kabila balks at leaving office,
the Security Council and the European Union should tighten sanctions,
as Washington has done, on senior leaders in Congo, including Mr.
Kabila, until a new government takes over.

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"This visit to Liberia and Madagascar demonstrates Canada's renewed commitment to Africa," Prime Minister Trudeau said in a statement.
Africa


“We want to strengthen relations with our African partners and advance
issues such as the rights of women and girls, gender equality, health
and peace and security.”

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Africa


“They’re between the devil and the deep blue sea,” Omotola Abimbola,
an analyst at Afrinvest West Africa Ltd.

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21-NOV-2016 :: This is taking policymaking insanity to a whole new level @TheStarKenya
Africa


What is unfolding in Nigeria is a debacle of spectacular and monstrous
proportions worthy of a Nollywood movie all of its own.

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Mauritian bank SBM says to acquire Kenya's Fidelity Bank
Kenyan Economy


Mauritian bank group SBM Holdings will acquire full ownership of
Kenya's Fidelity Bank, a small lender, in a deal valued at 100
shillings ($0.98), SBM said on Tuesday.

SBM said in a filing with the Mauritian bourse that it would inject
1.45 billion shillings of fresh capital into Fidelity, once the deal
gets all the required regulatory approval.

"The acquisition is in line with SBMH's regional expansion strategy
into East Africa," SBM said in the filing.

The Kenyan central bank said the deal was expected to be completed by
the end of this year.

"SBM Group will bring its experience and expertise from Mauritius and
other markets, to enhance competitiveness and the resilience of
Kenya's banking sector," the central bank said.

Fidelity, which started operating as a commercial bank 20 years ago,
has 14 branches in Kenya and is ranked 31 out of 41 Kenyan lenders by
market share, with 0.39 percent, the central bank said.

SBM Group, which operates one of the Indian Ocean island nation's
leading commercial banks, SBM Bank, had assets of $4.2 billion as of
September. It also operates in India and Madagascar.

Analysts say rising bad debts, the capping of commercial lending rates
and weaknesses in corporate governance exposed by the collapse of two
lenders in the past year and a half, have made the Kenyan banking
sector ripe for consolidation.

"CBK (Central Bank of Kenya) welcomes the interest of foreign banks
that will contribute to the emergence of a world-class financial
sector," the central bank said.

Conclusions

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@NSEKenya share price data here
Kenyan Economy


Closing Price:           15.10
Total Shares Issued:          259503194.00
Market Capitalization:        3,918,498,229
EPS:             1.57
PE:                 9.618

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Nairobi All Share Bloomberg -5.28% 2016
Kenyan Economy


Nairobi ^NSE20 Bloomberg -19.14% 2016

http://j.mp/ajuMHJ

Every Listed Share can be interrogated here

http://www.rich.co.ke/rcdata/nsestocks.php

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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November 2016
 
 
 
 
 
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