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Friday 09th of December 2016
 
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Africa

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12-SEP-2016 :: Therefore, my second trade of the year is to buy put options on 10- year bonds because this is going to pop
Africa


Therefore, my second trade of the year (my first was to be long, the
Yen from January) is to buy put options on 10- year bonds because this
is going to pop, and when it pops, the wizardry won’t work anymore,
and at that moment there is going to be one heck of a move.

read more



12-SEP-2016 :: Mirrors on the ceiling, The pink champagne on ice @TheStarKenya
Africa


Mirrors on the ceiling,
The pink champagne on ice
And she said “We are all just prisoners here, of our own device” Last
thing I remember, I was
Running for the door
I had to find the passage back
To the place I was before
“Relax,” said the night man,
“We are programmed to receive.
You can check-out any time you like,
But you can never leave! “

What is clear is that we are at the fag-end of this party.

read more









Saint Lucy's Day Wikipedia
Africa


Saint Lucy's Day, also called the Feast of Saint Lucy, is a Christian
feast day celebrated on 13 December in Advent, commemorating Saint
Lucy, a 3rd-century martyr under the Diocletianic Persecution,[1] who
according to legend brought "food and aid to Christians hiding in the
catacombs" using a candle-lit wreath to "light her way and leave her
hands free to carry as much food as possible".[2][3] Her feast once
coincided with the Winter Solstice, the shortest day of the year
before calendar reforms, so her feast day has become a festival of
light.[4][5] Falling within the Advent season, Saint Lucy's Day is
viewed as an event signaling the arrival of Christmastide, pointing to
the arrival of the Light of Christ in the kalendar, on Christmas
Day.[1][6]

Saint Lucy’s Day is celebrated most commonly in Scandinavia, with
their long dark winters, where it is a major feast day, and in Italy,
with each emphasising a different aspect of the story.[7] In
Scandinavia, where Saint Lucy is called Santa Lucia in Norwegian and
Sankta Lucia in Swedish, she is represented as a lady in a white dress
and red sash with a crown or wreath of candles on her head.

An inscription in Syracuse dedicated to Euskia mentioning St Lucy's
Day as a local feast dates back to the 4th century A.D., which states
"Euskia, the irreproachable, lived a good and pure life for about 25
years, died on my Saint Lucy's feast day, she for whom I cannot find
appropriate words of praise: she was a Christian, faithful, perfection
itself, full of thankfulness and gratitude".[9] The Feast of Saint
Lucy became a universal feast of the Church in the 6th century,
commemorating the Christian martyr's death on 13 December 304
A.D.[10][11][12] St. Lucy's Day appears in the sacramentary of
Gregory, as well as that of Bede, and Christian churches were
dedicated to Saint Lucy in Italy as well as in England.[10][11]

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"If they want war, we'll give them war," said Bright Jones, a 33-year-old opposition supporter #Ghanadecides
Law & Politics


“We have won and they want to cheat,” he said, alleging that the
Electoral Commission was deliberately delaying an announcement.

read more


Mr Akufo-Addo said: "We are quietly confident that we have won a famous and historic victory." @FT
Law & Politics


11. RT:It's DONE 🇬🇭🇬🇭🇬🇭🇬🇭🇬🇭🇬🇭 #ChangeIsHere #GhanaDecides
#EIBElectionHUB The Ghanaian Youth went for CHANGE 😂😂😂Hi5 Kwesi M 3
N S A 🇬🇭 ‏@simpeyGH
https://twitter.com/simpeyGH/status/807046121554149381

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ALTHOUGH widely believed to have consulted fortune-tellers, President Yahya Jammeh surely foresaw little chance of an upset in the elections in Gambia on December 1st.
Law & Politics


Mr Barrow pulled off a big political upset in results announced on
December 2nd, winning by 45.5% to Mr Jammeh’s 36.7%. Even more
surprisingly—and to his great credit—Mr Jammeh quickly conceded
defeat.

Mr Jammeh had clung to power since a coup in 1994 and often seemed to
combine some of African leaders’ worst traits. From his dire
human-rights record to his long personal title of “Excellency Sheikh
Professor Doctor President”, Mr Jammeh was every inch the eccentric
Big Man, even adding a few new quirks of his own to the genre. There
was his huge six-wheeler Hummer, for example, that sped him along
Gambia’s bush roads, and his practice of witchcraft, notably his claim
to have invented a herbal cure for HIV.

 Gambia’s swift transfer of power is a sign of hope. However, Mr
Barrow, who once watched out for miscreants at Argos, will need to
keep his eyes peeled once again.

read more


"The decision to liberate all of Syria is taken and Aleppo is part of it," Assad said
Law & Politics


The Syrian army's advance is a "strategic victory" that will prevent
foreign intervention and alter the political process, Reconciliation
Minister Ali Haidar told reporters in Damascus.

"Those who believed in the Syrian triumph, know that (the rebels')
morale is at its lowest and that these collapses that have begun are
like domino tiles," he said.

“Russia wants to move them to Idlib. The fighters have a choice:
survive for an extra couple of weeks by going to Idlib or fight to the
very end and die in Aleppo," one senior European diplomat, who
declined to be named, said. "For the Russians it’s simple. Place them
all in Idlib and then they have all their rotten eggs in one basket.”

On Russian-U.S. talks, the diplomat said: “The assumption is that the
U.S. has influence on the ground. I don’t think that’s the case.”

read more


On Sunday, Russian Foreign Minister Sergey Lavrov delivered an ultimatum to the remaining militants
Law & Politics


“Those groups which refuse to leave eastern Aleppo will be treated as
terrorists.  By refusing to walk out from eastern Aleppo they will in
fact go ahead with armed struggle. We will treat them accordingly, as
terrorists and extremists, and support the Syrian army in its
operation against such armed gangs.”

 It appears that the battle of Aleppo is about to end and the Syrian
Army is on the “verge of total victory.”

read more







Sri Lanka to Sell 80% Stake in Strategically Placed Harbor to Chinese WSJ
Law & Politics


Sri Lanka’s heavily indebted government signed an agreement in
principle on Thursday to sell an 80% stake in a deep-water port on the
nation’s southern coast, close to one of the world’s busiest sea
lanes, to a Chinese state-owned company, senior officials said.

Under the deal, a copy of which was reviewed by The Wall Street
Journal, China Merchants Port Holdings Co. would pay about $1.1
billion for its share of the port and adjoining land in Hambantota
district.

Washington could react warily, depending on the details. The port, in
Hambantota, lies along an important trade route linking the Middle
East and Asia. And China’s navy has been stepping up its operations in
the Indian Ocean as it seeks to project power westward.

“We will watch carefully,” a senior U.S. official said. “These things
do have long-term implications.”

On the other side of India near the mouth of the Persian Gulf, a port
in Gwadar, Pakistan has also been built by China, which is a
cornerstone of $46 billion in planned Chinese investments in transport
and power generation in that country.

Conclusions


China has made a giant stride in projecting power and escaping the
Pivot to Asia noose, with the Port of Gwadar and this is another big
stride.

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02-DEC-2013 The Pivot to Asia bares its Fangs
Law & Politics


I see the pivot to Asia as the encirclement of China, then the
shrinking of its operating theatre and then lighting the tinderbox
that is the periphery and Xinjiang might well morph into China’s
Afghanistan. You will recall that the architect of Russia’s defeat in
Afghanistan was Zbigniew Brzezinski and he remains a foreign policy
eminence grise with the president’s ear. The US probably feels it
holds a decisive hard power advantage at this moment and given that
the trajectory is one of gradual erosion of that decisive advantage
leads me to the view that this pivot to Asia has a logic and momentum
of its own. Therefore, I see the US being increasingly determined to
press its advantage One of the key elements of the Pivot to Asia is
the air-sea battle concept. This concept envisages the battle
beginning with a “blinding attack” against Chinese anti-access
facilities and incorporates “distant blockade” operations. China’s
dependence on foreign oil is increasing just as the US’ dependency is
decreasing. And interestingly, given my belief that the Eastern
seaboard is a fabulous energy prize, that puts the Indian Ocean in
many respects right into the geopolitical frame. If you are
considering ‘’distant blockade’’ operations, one of those areas you
will be blockading is this part of the world, given the amount of
energy that is likely to be sold into Asia, in the future.

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The parabolic rebound of Vladimir Putin @TheStarKenya
Law & Politics


However, my starting point is the election of President Donald Trump
because hindsight will surely show that Russia ran a seriously
sophisticated programme of interference, mostly digital.
Don DeLillo, who is a prophetic 21st writer, writes as follows in one
of his short stories:
The specialist is monitoring data on his mission console when a voice
breaks in, “a voice that carried with it a strange and unspecifiable
poignancy”.
He checks in with his flight-dynamics and conceptual- paradigm
officers at Colorado Command:
“We have a deviate, Tomahawk.”
“We copy. There’s a voice.”
“We have gross oscillation here.”
“There’s some interference. I have gone redundant but I’m not sure
it’s helping.”
“We are clearing an outframe to locate source.”
“Thank you, Colorado.”
“It is probably just selective noise. You are negative red on the
step-function quad.”
“It was a voice,” I told them.
“We have just received an affirm on selective noise… We will correct,
Tomahawk. In the meantime, advise you to stay redundant.”
The voice, in contrast to Colorado’s metallic pidgin, is a melange of
repartee, laughter, and song, with a “quality of purest, sweetest
sadness”.
“Somehow we are picking up signals from radio programmes of 40, 50, 60
years ago.”
I have no doubt that Putin ran a seriously 21st predominantly digital
programme of interference which amplified the Trump candidacy.
PEOTUS Trump was an ideal candidate for this kind of support.
Trump is a linguistic warfare specialist. Look at the names he gave
his opponents: Crooked Hillary, Lyin’ Ted, Little Marco, ‘Low-energy’
Jeb — were devastating and terminal.

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.0612 The euro dropped 0.2 percent to $1.05920 EUR=, after
falling 1.3 percent overnight, the biggest intraday loss since late
June It had briefly risen to a near 1-month peak of $1.0875 on
Thursday
Dollar Index 101.18
Japan Yen 114.44 The greenback was up 0.4 percent at 114.430 yen JPY=,
coming within the reach of a 10-month high of 114.830 set last week.
Swiss Franc 1.0162
Pound 1.2589
Aussie 0.7461
India Rupee 67.595
South Korea Won 1167.54
Brazil Real 3.3759
Egypt Pound 18.0930
South Africa Rand 13.6683

read more


Dollar Index chart INO 101.12 [Target 110.00]
World Currencies


The dollar rose broadly on Friday as U.S. bond yields rose, while the
euro sank after the European Central Bank's decision to extend its
debt-buying program even as it cut the size of its purchases
disappointed currency bulls.

The dollar index gained 0.1 percent to 101.230 .DXY following an
overnight rise of nearly 1 percent. It was on track to gain 0.3
percent this week.

The widening of U.S.-Japan interest rate differentials also supported
the dollar, with the benchmark 10-year Treasury note yield rising to
2.445 percent US10YT=RR.

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Euro versus the Dollar Chart 1.0608
World Currencies


Long-dated euro zone bond yields rose and the euro fell on Thursday
after the ECB said it would reduce its monthly asset buys to 60
billion euros $63.58 billion) as of April, from the current 80 billion
euros, but as it also opted to extend bond purchases to December from
March.

read more




Russia Sells $11 Billion Stake in Rosneft to Glencore, Qatar
Commodities


Glencore Plc and Qatar’s sovereign wealth fund agreed to buy a
10.2-billion euro ($11 billion) stake in Russia’s largest oil producer
from the state in a triumph for President Vladimir Putin over
sanctions imposed by the West.

The surprise deal gives the buyers a 19.5 percent stake in Rosneft
PJSC, which the U.S. and European Union have targeted with punitive
measures, and is the biggest foreign investment in Russia since the
crisis in Ukraine. It also marks a stunning return to deal-making for
Glencore Chief Executive Officer Ivan Glasenberg a little more than a
year after his company was forced to raise cash from shareholders.

Bringing in buyers for Rosneft, especially a trader like Glencore,
probably makes “Putin smile all the way to when Santa Claus comes
around in Moscow,” Steen Jakobsen, the chief investment officer of
Saxo Bank A/S, said on Bloomberg Television on Thursday.

Conclusions

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Iron ore's fightback has propelled the commodity to the highest level in more than two years, with prices topping $80 a metric ton
Commodities


Ore with 62 percent content delivered to Qingdao advanced 3.2 percent
to $82.25 a dry ton on Wednesday, the highest since October 2014,
according to Metal Bulletin Ltd. It’s heading for the first annual
gain in four years, with prices up 47 percent this quarter. Prices
peaked in 2011 above $190.

read more



How Gambia's top brass turned on long-ruling Jammeh Reuters
Africa


According to political and security sources, the morning after voting
- but before the Independent Electoral Commission announced the
results - the heads of the army, police and National Intelligence
Agency met Jammeh at his office.

"He was advised by them that he should be ready to officially concede
defeat," said Alhagie Darboe, spokesman for the leading party in
Barrow's coalition, citing one of Jammeh's ministers.

Jammeh appeared ready to take their advice. "After the meeting, he
told his ministers: 'You will be jobless in January'," a security
source told Reuters.

An aide then informed the electoral commission that he would accept
his loss. "Even before the (results) announcement he wanted to concede
defeat," commission chairman Alieu Momar Njai told Reuters.

So, wearing white robes and looking almost cheerful, Jammeh took to
television to announce his retirement from politics. "I will be a
farmer," he said, his long official title - H.E. Sheikh Prof. Dr. Alh.
Yahya AJJ Jammeh Babili Mansa - stretching across the width of the
screen.

Conclusions

A BIG DEAL.

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EXTENSIVE BRITISH SPYING THROUGHOUT AFRICA REVEALED IN LE MONDE @theintercept
Africa


TOP-SECRET BRITISH SURVEILLANCE operations targeted the director of
the World Trade Organization, several multinational corporations, a
top French businessman, and heads of state across Africa, according to
a new series of reports by Le Monde.

On Tuesday, the French newspaper began publishing the revelations,
which include a wide range of previously undisclosed details about
British covert activities across the world. The reports were produced
in partnership with The Intercept and are based on documents provided
by the National Security Agency whistleblower Edward Snowden.

The series of stories focuses largely on the controversial work of the
U.K.’s electronic surveillance agency Government Communications
Headquarters, or GCHQ. According to Le Monde, in March 2009, the
British agency spied on Pascal Lamy, then the head of the World Trade
Organization and member of the French socialist party. Between 2008
and 2009, it also targeted Octave Klaba, the founder of the French
company OVH, one of Europe’s largest internet hosting companies;
Emmanuel Glimet, a French trade and economy official; phone lines at
the French ministry of foreign affairs; and several multinational
French corporations, including the energy company Areva, oil giant
Total, and the defense conglomerate Thalès.

Beyond France, the disclosures highlight the U.K.’s extensive spying
operations across Africa. In 20 countries across the continent, GCHQ
monitored current and former heads of state, prime ministers,
diplomats, military and intelligence chiefs, as well as leading
figures in the business and finance industry, Le Monde reports. Among
those who were subject to the surveillance, which involved
intercepting communications as they were being beamed between
satellites, was a close British ally — Kenyan President Mwai Kibaki
and his strategic advisers. Other targets included Nigeria’s President
Umaru Yar’Adua and his private secretary; Ghana’s President John
Kufuor; Sierra Leone’s leader Ernest Koroma; and the presidential
palace in Luanda, Angola. Prominent business figures were also
monitored, such as Nigerian billionaire Tony Elumelu, regarded as one
of Africa’s richest and most influential men, and Chris Kirubi, a
wealthy Kenyan businessman and radio-station owner who was described
by Forbes in 2011 as the country’s “most flamboyant tycoon.”

read more


EY's Africa Business Centre leader, Michael Lalo, said Europe emerged as the largest regional investor in Africa
Africa


EY’s Africa Business Centre leader, Michael Lalo, said Europe emerged
as the largest regional investor in Africa, contributing 35.1 percent
of FDI projects and 17.8 percent of capital investment” in the first
half of 2016.

“Investor sentiment towards Africa as an attractive investment
destination is likely to remain somewhat softer over the next few
years. Companies already doing business in Africa will continue to
invest, but will probably be more discerning,” said Lalor.

read more


South Africa All Share Bloomberg -0.30% 2016
Africa


50,543.44 +1,067.38 +2.16%

Dollar versus Rand 6 Month Chart INO 13.6683

http://quotes.ino.com/charting/index.html?s=FOREX_USDZAR&v=d6&t=c&a=50&w=1

Egypt Pound versus The Dollar 3 Month Chart INO 18.0930

http://quotes.ino.com/charting/index.html?s=FOREX_USDEGP&v=d3&t=c&a=50&w=1

Nigeria All Share Bloomberg -10.14% 2016

http://www.bloomberg.com/quote/NGSEINDX:IND

read more


Ghana opposition calls on president to concede vote defeat
Africa


The New Patriotic Party (NPP) said its candidate, Nana Akufo-Addo, had
won 52 percent of the vote according to its own tally of Wednesday's
presidential poll, against 44.8 percent for Mahama.

The Electoral Commission said it had not certified any results in the
closely fought race to lead the West African nation that has seen a
series of peaceful transfers of power.

But figures shown by television and radio stations showed the
opposition making gains in both races.

read more



Across Africa, similar magic is being wrought as phones spur innovation and boost incomes: Economist
Africa

A study by academics from MIT, published this week, found that simply
by gaining access to M-Pesa, Kenya’s mobile-money service, 2% of
Kenyan households were lifted out of poverty between 2008 and 2014.

The GSMA, an international trade body, argues that for every 10%
increase in phone penetration in poor countries, productivity improves
by more than four percentage points, and that a doubling in
mobile-data usage increases annual growth in GDP per person by half a
percentage point. Yet more may be in store as Africa stands on the
cusp of a second mobile-phone revolution.

A decade ago there were only 129m mobile-phone subscriptions in the
whole of Africa, though even that was already ten times more than the
number of fixed-line phones. But since then the number of active
subscriptions has jumped to almost 1bn. At first blush that would
suggest that just about every African (there are 1.2bn of them, with
north Africa included) now has a phone. In fact, a large number of
Africans have are consummate arbitrageurs of tariffs, switching SIM
cards in and out of their phones depending on whom they are calling.
Dig a little deeper into the data and it turns out that fewer than
half of Africans have phones. Those who do tend to live in cities and
are richer and better educated than the half who do not. The latter
risk being left even further behind.

This divide is even more extreme when it comes to gaining access to
the internet. Although mobile phones have revolutionised the way
Africans get online—most have jumped to cyberspace directly on their
phones rather than on computers connected through fixed lines—many are
still not connected to the world. The International Telecommunication
Union (ITU) reckons that three-quarters of Africans do not use the
internet, compared with just 21% of Europeans (see map).

Little wonder, then, that only around 43% of Africans can get a 3G
data signal, and just 16% can get one offering fast (4G) mobile
broadband.

The costs of downloading data are also higher in Africa than in most
other parts of the world, in part because the bytes have to get there
on long submarine cables and then snake their way inland over
thousands of miles of rough terrain. Of the ten countries with the
highest fixed-broadband costs in the world, seven are in Africa. They
include landlocked Uganda, Rwanda and Burundi; Chad tops the list at
$501 a month for a connection. Poverty compounds the problem,
particularly in sub-Saharan Africa where about 40% of people live on
less than $1.90 a day. Phone companies have little reason to expand
their coverage into villages if people there cannot pay enough to make
it profitable.

read more







.@VW to sell locally assembled #Polo at below Sh2m, eyes family car buyers @dailynation
Africa


The Volkswagen Polo Vivo will be launched on December 21 at the
Thika-based Kenya Vehicle Manufacturers (KVM) in a ceremony where
President Uhuru Kenyatta is expected to be guest of honour.

“We are targeting a price below Sh2 million for the Polo Vivo. It is a
car for a small family,” DT Dobie chief executive Zarak Khan said in
an interview. The car has a 1.4 litre petrol engine with an automatic
transmission and air-conditioning. This will be the first time the
Polo Vivo will be available in Kenya. The model sells for about Sh1.3
million in South Africa where it is the best-selling passenger car.

read more


Kenya Shilling versus The Dollar Live ForexPros 101.90
Kenyan Economy


Nairobi All Share Bloomberg -8.24% 2016 [22nd September lows]

http://www.BLOOMBERG.COM/quote/NSEASI:IND

Nairobi ^NSE20 Bloomberg -21.29% 2016

http://j.mp/ajuMHJ

3,180.56 -0.92 -0.03%

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