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Satchu's Rich Wrap-Up
Thursday 01st of December 2016

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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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28-NOV-2016 :: I do not see WTI trading above $60.00 under any circumstances through 2017.

I do not see WTI trading above $60.00 under any circumstances through
2017. Traders can sell $60.00 strike call options with a 1 year
maturity [into a price rally] and pocket the premium.

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Russia Weaponized Social Media in U.S. Election, FireEye Says
Law & Politics

Russia’s government didn’t just hack and leak documents from U.S.
political groups during the presidential campaign: It used social
media as a weapon to influence perceptions about the election,
according to cybersecurity company FireEye Inc.

Material stolen by Russia’s intelligence services was feverishly
promoted by online personas and numerous fake accounts through links
to leaked material and misleading narratives, according to an analysis
of thousands of postings, links and documents by FireEye, which tracks
Russian and Chinese hackers breaking into U.S. systems. The operation
was a new and belligerent escalation by Moscow in the cyber domain,
company Chairman David DeWalt said.

“The dawning of Russia as a cyber power is at a whole other level than
it ever was before,” DeWalt said in an interview in Washington. “We’ve
seen what I believe is the most historical event maybe in American
democracy history in terms of the Russian campaign.”

The closeness of the Nov. 8 election sparked scrutiny over the spread
of fake news and has fueled demands from Green Party candidate Jill
Stein, backed by some Democrats and independents, for a recount in key
states lost by Democrat Hillary Clinton. President-elect Donald Trump
responded on Twitter that “millions” of people voted illegally, which
he said may have been what cost him the popular vote, but he offered
no evidence.

That hasn’t quelled concerns. The activity detected in the FireEye
analysis echoed the Russian strategy of information warfare seen
previously in cyber attacks on Estonia, Georgia and Ukraine, where a
simmering border conflict has claimed almost 10,000 lives over 2 1/2

In line with those findings, FireEye has mapped what it says is a
Russian-backed campaign using at least six key false hacktivist
personas to advance the country’s interests, including Guccifer 2.0,
DC Leaks, Anonymous Poland and Fancy Bears’ Hack Team. The company’s
autopsy also includes thousands of postings on Twitter as well as fake
social-media accounts used to pass the information back and forth to
generate an online buzz.

The hacking extends to trying to use legitimate websites to promote
stolen material. Guccifer 2.0, for example, first promoted stolen
documents from the Democratic National Committee through The Smoking
Gun and Gawker. There’s no evidence that those websites knew that
hacked material given to them was part of a broad campaign to meddle
in the U.S. election.

“That’s a change in the rules of engagement,” Mandia said. “All of a
sudden, they’re more of a tank through the cornfield when they hack,
not a whisper or a ghost.”


Russia ran seriously c21st digital interference. They drained
@HillaryClinton's support they amplified the conspiracy frenzy and
solidified Trump's numbers.

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

A lot of risk calculations are based on Value at Risk (VAR).
Essentially, you overlay a volatility measure over the portfolio, and
you calculate how much money is on the line. Central banks have
suppressed volatility therefore in real terms; investors are now
holding bigger positions at these current artificially suppressed
levels. If volatility spikes, positions are going to be reduced en

Or to put it another way and to borrow the lyrics from the Eagles
Hotel California:

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.

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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
International Trade

Therefore, my second trade of the year 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.

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Currency Markets at a Glance WSJ
World Currencies

Euro 1.0606
Dollar Index 101.45
Japan Yen 114.03
Swiss Franc 1.0159
Pound 1.2522
Aussie 0.7411
India Rupee 68.375
South Korea Won 1171.26
Brazil Real 3.4088
Egypt Pound 17.8575
South Africa Rand 14.0379

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Reports from Harare suggest black market money traders are demanding $1.25 in bond notes for every dollar

Reports from Harare suggest black market money traders are demanding
$1.25 in bond notes for every dollar, while even established
businesses like petrol stations were charging more to customers who
wanted to use the notes.

“These bond notes signal the end of Mugabe and the Zanu-PF [ruling
political party], because some retailers are already saying we must
pay more for something if we pay in bond notes. So the black market
has begun,” Evans Rutate, credit controller at a South African clothes
chain in Harare, told the Cape Argus.


This could unravel really quickly.

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25-JUL-2016 Countries like Zimbabwe feel like they are right at the Edge that Hunter S. Thompson described

“The Edge...There is no honest way to explain it because the only
people who really know where it is are the ones who have gone over''

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Jammeh won 72 percent of the votes in 2011

The election will also help to “separate patriotic citizens from
Western stooges,” he said last week.

“Essentially, the election will be a sham,” Sean Smith, Africa analyst
at Bath, U.K.-based risk consultancy Verisk Maplecroft, said in an
e-mailed response to questions. “It’s impossible for there to be a
level playing field when state officials frequently arrest and torture
opposition leaders and critically-minded journalists.”

 Jammeh won 72 percent of the votes in 2011.

Remittances account for more than 20 percent of the Gambia’s gross
domestic product, reaching $181 million in 2015, according to World
Bank data. The country also exports groundnuts and fish to the EU.

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@BarclaysAfrica Sale Means Late Nights for Banks Breaking Up @Business

The banks are negotiating a transitional services agreement to
deconsolidate Barclays Africa, according to Staley. They are also
figuring out how to change reporting lines within teams, maintain
global distribution for investment-banking clients, which customers
should get transferred to different units, how many staff are needed
and where, how to change Barclays-linked e-mail addresses, how to deal
with software licenses and who will do dollar-based trading for
clients across Africa.

Barclays Africa is the worst-performing lender on the six-member
FTSE/JSE Africa Banks Index this year, having gained 12 percent
compared with the average increase of 24 percent, with investors
concerned about shares that still have to be sold on the market. The
stock is trading at a 12-month dividend yield of 6.3 percent, the
highest in the index.

The U.K. bank owns 50.1 percent of the South African lender, a stake
which is valued at about 68 billion rand ($4.9 billion). It sold about
12 percent through an accelerated book build in May for 13.1 billion
rand, where demand exceeded supply.

While South Africa’s Public Investment Corp. is interested in boosting
its 6.5 percent holding, it has said it hasn’t yet been able to form a
consortium with enough money, and may take up more shares in another
book build.

The parent will want to get a sale done as soon as possible following
a 47 percent rally this year in pound terms in Barclays Africa’s share
price, Harry Botha, an analyst at Avior Capital Markets, said.

Under present rules, no investor can buy more than 15 percent of a
South African bank without permission from the central bank. The
purchase of a controlling stake needs approval from the finance
minister, who will work with the regulator. There is no process in law
for a transaction of this nature, according to Adrian Cloete, an
analyst at PSG Wealth in Cape Town. “A regulatory deconsolidation is
very complex.”

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Egypt Pound versus The Dollar 3 Month Chart INO 17.8575

Egypt EGX30 Bloomberg


Nigeria All Share Bloomberg -11.87% 2016


Ghana’s President @JDMahama writes: "I am proud of the country
Ghana is becoming." #GhanaDecides @newsweek


Ghana Stock Exchange Composite Index Bloomberg -21.01% 2016


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Special Report: Future of the Food Industry How Africa can turn a food deficit to surplus FT

By 2050, the world will need to feed 9bn people, 2bn more than we feed
today. In order to meet this demand, global food production must
increase by an estimated 70 per cent in the next 30 years. Africa —
which contains 65 per cent of the world’s unexploited arable land —
has a key future role in delivering global food security.

Yet less than a third of Africa’s arable land is under cultivation,
resulting in African food imports that total $35bn a year. To meet
future demand, this equation must be reversed.

Supporting farmers and their local ecosystem is critical to unlocking
the full potential of African agriculture.

To be successful, African farmers need a reliable supply of
agricultural products that increase the efficiency of their land. They
also need better education and training to boost soil fertility and
access to financing to provide stability for their operations.
Transport and storage infrastructure is also essential to allow access
to markets and support any increased agricultural output, whether its
destination is local, regional or international.

However, Africa’s fragile arable lands are at risk of further
depletion in the next decade, a threat that is exacerbated by the
effects of climate change. Achieving the goal of securing our global
food supply must be achieved in a way that protects our continent’s
most precious resource, our land.

A challenge is the lack of a secure and affordable supply of
fertiliser that meets the needs of local soils and crops. Africa
currently has the lowest fertiliser consumption rate in the world —
representing only 2 per cent of global consumption despite holding 20
per cent of the world’s population by some estimates. When African
farmers do use fertiliser, they pay two to six times more than the
average world price.

OCP Africa is backed by OCP, our parent company and phosphate
supplier. We are committed to programmes aimed at tackling soil
degradation. The solution starts with soil mapping, which enables
farmers to know which nutrients their specific soil needs, and then
requires the application of correct and affordable supplements to
boost crop yields. However, boosting soil quality is just one
challenge tackled by the Initiative for the Adaptation of African
Agriculture to Climate Change, one of the priorities of the Moroccan
presidency of the COP 22 round of talks and actions on the global

Water scarcity is the most important challenge facing agriculture in
Africa. Roughly two-thirds of African lands are located in arid or
semi-arid areas made even more vulnerable by climate change, while
lands endowed with water often lack storage and delivery systems to
effectively irrigate.

Smarter approaches to agriculture could increase the annual value of
the continent’s production from $280bn to $880bn by 2030, helping
boost global food supply, creating new jobs and improving other
economic sectors. This challenge of delivering investment and good
governance required is immense, but it is a prize worth chasing.

Karim Lotfi Senhadji is chief executive of OCP Africa

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Embraer Agrees to Pay More than $107 Million to Resolve Foreign Corrupt Practices Act Charges DOJ
Kenyan Economy

Brazilian aircraft manufacturer Embraer S.A. (Embraer) entered into a
resolution to resolve criminal charges and agreed to pay a penalty of
more than $107 million in connection with schemes involving the
bribery of government officials in the Dominican Republic, Saudi
Arabia and Mozambique, and to pay millions more in falsely recorded
payments in India via a sham agency agreement.

Assistant Attorney General Leslie R. Caldwell of the Justice
Department’s Criminal Division and Assistant Special Agent in Charge
William J. Maddalena of the FBI’s Miami Field Office made the

“Embraer paid millions of dollars in bribes to win government aircraft
contracts in three different continents,” said Assistant Attorney
General Caldwell.  “But this prosecution shows that the Criminal
Division will hold accountable those who treat corruption as a mere
cost of doing business.  Between U.S., Brazilian and Saudi
authorities, bribe payers and bribe takers alike have been brought to
justice for their wrongdoing.”

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Nairobi ^NSE20 Bloomberg -19.64% 2016
Kenyan Economy

3,247.19 -9.38 -0.29%

Every Listed Share can be interrogated here


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

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