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Satchu's Rich Wrap-Up
Friday 23rd of December 2016

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The Latest Daily PodCast can be found here on the Front Page of the site


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The Muthaiga Club

"Its broad lounge, its bar, its dining-room none so elaborately
furnished as to make a rough-handed hunter pause at its door, nor yet
dowdy as to make a diamond pendant swing ill at ease were rooms in
which the people who made Africa I knew danced and talked and laughed,
hour after hour"

Beryl Markam, West with the Night, 1942

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"We have a deviate, Tomahawk."
Law & Politics

The specialist is monitoring data on his mission console when a voice
breaks in, “a voice that carried with it a strange and unspecifiable
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
“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. POTUS
Trump was an ideal candidate for this kind of support.
Trump is a linguistic warfare specialist

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"The chain of 'colour revolutions' spreading across the Middle East and Africa has been broken," Shoigu said
Law & Politics

Russian air strikes in Syria have killed 35,000 rebel fighters and
succeeded in halting a chain of revolutions in the Middle East,
Defence Minister Sergei Shoigu said on Thursday.

Speaking at a gathering of top military officials that appeared
designed to showcase Russia's military achievements, Shoigu said
Moscow's intervention had prevented the collapse of the Syrian state.

"We are now stronger than any potential aggressor," President Vladimir
Putin said at the same event at the Defence Ministry in Moscow.

Shoigu said Russian aircraft had flown 18,800 sorties in Syria since
the start of the Kremlin's operation there last year, destroying 725
training camps, 405 sites where weapons were being made and killing
35,000 fighters.

"The chain of 'colour revolutions' spreading across the Middle East
and Africa has been broken," Shoigu said.

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12-JAN-2015 The arrival of the asymmetric threat on the streets of Paris was deeply unsettling and will surely keep Europe off-balance and presages a new normal
World Currencies

As small boys, the Kouachi brothers were abandoned by their
Algerian-born parents and brought up in a children’s home in Brittany,
according to The Independent.

We all understand the language of the media. As such, the Kouachi
brothers and Amedy Coulibaly and his cross-bow toting partner Hayat
Boumeddiene were so proficient at taking over the world’s attention

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Berlin Truck Attacker Was No Lone Wolf, German Authorities Say
Law & Politics

Germany’s most wanted jihadist will spend his 24th birthday on the run.

Anis Amri, who turns 24 on Thursday, was named on Wednesday as the
lead suspect in Monday’s deadly attack on a Berlin Christmas Market.
He was reportedly identified from official documents left behind in
the truck’s cab.

But German authorities also say the Tunisian man had ties to a
notorious group of local ISIS sympathizers led by a man named Abu
Walaa, who was arrested in November alongside four others accused of
operating an ISIS recruitment network.

Der Spiegel, citing local officials, said that Amri and Abu Walaa were
in “regular contact.”

If that’s the case, what first was considered to be a “lone wolf”
attack in Germany—the first successful terrorist operation there since
the 9/11 attacks—could instead be the work of an ISIS cell.

Abu Walaa—whose real name is Ahmad Abdulaziz Abdullah—is an Iraqi-born
preacher who serves a mosque in Hildesheim, about three hours from
Berlin. The 32-year-old had styled himself as a sheikh who gives
religious and marital advice, often in videos that never show his
visage. iPhone and Android stores even offer an “Abu Walaa” app. A
Facebook page devoted to the “sheikh,” featuring videos of him
sermonizing in German and Arabic, has 25,000 followers. Only ever
photographed or filmed from behind, and dressed in a hooded black
cloak, he is known popularly as the “preacher without a face.”

Abu Walaa reportedly gave sermons urging his listeners to join the
jihad, and his mosque was raided by police during the summer. Among
other things, he is suspected of links to an attack on a Sikh temple
in April of this year.

But that may have been just the start. Germany’s intelligence
community suggests Abu Walaa is actually “the worst of all” thanks to
information coming from conversations with returning ISIS fighters.
(Upward of 800 Germans have gone off to join ISIS in Syria and Iraq,
authorities say.) A 22-year-old defector from the terrorist group told
German newspaper Sueddeutsche Zeitung that Abu Walaa was an ISIS
recruiter and the group’s top leader in Germany.

He was arrested in a raid in Lower Saxony in early November, owing to
information obtained by authorities from “debriefings” of returning
foreign ISIS fighters.

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29-APR-2013 Put in a different way, there are surely many Brothers Tsarnaev in this new c21st of ours
Law & Politics

There are more than seven billion of us now in this c21st world of
ours. The long tail in a population of seven billion is not an
insignificant absolute number.

‘’In statistics, a long tail of some distributions of numbers is the
portion of the distribution having a large number of occurrences far
from the “head” or central part of the distribution.’’

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Currency Markets at a Glance WSJ
World Currencies

Euro 1.0441
Dollar Index 103.04
Japan Yen 117.46
Swiss Franc 1.0256
Pound 1.2288
Aussie 0.7214
India Rupee 67.875
South Korea Won 1203.80
Brazil Real 3.2876
Egypt Pound 18.9970
South Africa Rand 14.0030

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South Africa All Share Bloomberg -1.70% 2016

Dollar versus Rand 6 Month Chart INO 14.0030


Egypt Pound versus The Dollar 3 Month Chart INO 18.9970wes


Nigeria All Share Bloomberg -7.60% 2016


Ghana: My Govt Will Not Compete With the Private Sector - Akufo-Addo


That right there @NAkufoAddo is policy~making genius.


Ghana Stock Exchange Composite Index Bloomberg -16.62% 2016


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Hydroelectricity Ethiopia opens Africa's tallest and most controversial dam ECONOMIST

SUB-Saharan Africa’s largest mass-housing programme; its first metro;
its biggest army. Ethiopia’s government likes to deal in superlatives.
Last week the ruling Ethiopian People’s Revolutionary Democratic Front
(EPRDF) added another to the list: the tallest dam.

After years of delay, due primarily to funding shortages, the prime
minister, Hailemariam Desalegne, at last inaugurated the 243-metre
(800ft) Gibe III dam on the Omo River on December 17th. Its
hydroelectric plant has the potential to double the country’s measly
energy output at the flick of a switch.

Gibe III alone is expected to generate as much electricity as
currently produced by the whole of neighbouring Kenya, which has
enthusiastically signed up to buy some of its power. The export
earnings will help to plug Ethiopia’s gaping current-account deficit,
while the cheap power will provide a timely fillip to its nascent
manufacturing sector.

Further south at Lake Turkana in Kenya, where the Omo ends, the
environmental impact may be even greater. The lake’s level has fallen
by nearly 1.5m in the 18 months since the Gibe III reservoir started
to fill, notes Sean Avery, a Nairobi-based water-resources consultant.
“Its fisheries have collapsed,” he adds. Some worry that, with almost
90% of its waters supplied by the Omo, the lake could one day
disappear entirely. This is because, besides electricity generation,
Gibe III will support a vast irrigation complex, equal in size to the
entire irrigated area of Kenya. In particular, the complex will supply
a 245,000-hectare sugar plantation, the Kuraz Sugar Development
Project, run by the Ethiopian Sugar Corporation and perhaps the
country’s largest-ever agricultural scheme. As much as half of the
river’s flow could end up being diverted to supply the thirsty sugar

Instead of listening to international critics he dismissed their
concerns, saying that they “don’t want to see developed Africa; they
want us to remain undeveloped and backward to serve their tourists as
a museum.” The inauguration of Gibe III is a reminder that, when it
comes to its top-down development agenda, the party makes few
concessions to critics.

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17-OCT-2016 The government need to change tack and effect a course correction

The government need to change tack and effect a course correction and
history shows us that this course correction is one of the most
difficult things to pull off.

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Africa's New Generation of Innovators HBR

Why do so many multinationals run up against long-standing obstacles
to success in developing markets, whereas other MNCs and local
entrepreneurs succeed? We believe the answer lies in the difference
between “push” and “pull” investment. Push strategies are driven by
the priorities of their originators and generate solutions that are
imposed on markets and consumers. Pull strategies respond to needs
represented in the struggles of everyday consumers. The difference in
outcomes could not be starker.

Perhaps the most beloved consumer product in Nigeria is also one of
the humblest: Indomie instant noodles. Sold in single-serving packets
for the equivalent of less than 20 U.S. cents, the brand enjoys
near-universal name recognition, maintains a 150,000-member fan club
with branches in more than 3,000 primary schools, and sponsors
Independence Day Awards for Heroes of Nigeria to celebrate the
accomplishments of exemplary Nigerian children. The brand and Dufil
Prima Foods, the Tolaram company that produces it, are so well woven
into Nigerian society that it might surprise Nigerians to recall that
noodles are not among their traditional foods and that Tolaram has
operated in the country for less than 30 years. The company’s growth
track turns the conventional wisdom about development on its head.

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Will Trump hurt or help East Africa's industrialisation? BeyondBrics

Yet US investors should still focus on economies in the East African
Community (EAC), because something pretty special is brewing there.
From Tanzania to Ethiopia, the region is ripe for industrialisation
and growth that should easily exceed the best the US might produce in
coming years. There is no doubt that US growth can accelerate in the
short term but East Africa, and Kenya in particular, should grow

Perhaps surprisingly, some startling similarities have become evident
this year between East Asian successes such as South Korea and Taiwan
in the early 1960s and East Africa today. Renaissance Capital recently
found that East African countries such as Kenya are 55 years behind
South Korea in terms of per capita GDP in PPP terms. In both 1960 East
Asia and 2015 East Africa, agriculture represented around 40 per cent
of the economy. In both, manufacturing and exports were small. Indeed,
in the early 1960s there was just one manufacturer assembling 3,000
vehicles in South Korea; today, Volkswagen is just the latest direct
investor to set up a Kenyan plant that can manufacture 5,000 vehicles
a year.

It is not American jobs that are at risk from East African success: it
is Asian jobs that may now move to East Africa, along with the
investment capital to kick-start the industrialisation story. American
voters fear the best is behind them but our research shows that East
Africa’s best years are surely ahead.

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The Peaks of Mount Kenya seen from the Slopes of @Fairmontmtkenya @Fairmonthotels [and a mysterious Green Light]
Kenyan Economy

“And as I sat there brooding on the old, unknown world, I thought of
Gatsby’s wonder when he first picked out the green light at the end of
Daisy’s dock. He had come a long way to this blue lawn, and his dream
must have seemed so close that he could hardly fail to grasp it. He
did not know that it was already behind him, somewhere back in that
vast obscurity beyond the city, where the dark fields of the republic
rolled on under the night.

Gatsby believed in the green light, the orgastic future that year by
year recedes before us. It eluded us then, but that's no
matter—to-morrow we will run faster, stretch out our arms farther. .
.And one fine morning——

So we beat on, boats against the current, borne back ceaselessly into the past.”

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Of 57 deep-sea fishing licenses issued in Kenya this year, only one went to a vessel flying Kenyan flag
Kenyan Economy

 While the potential catch from its Indian Ocean waters is about
150,000 metric tons annually, Kenya is landing between 9,000 and
15,000 tons only.

“What we have is mainly artisanal and semi-industrial fishing on our
coast,” Barabara said in an interview in the coastal city of Mombasa.
Artisanal fishing is concentrated within 5 nautical miles (9.3
kilometers) from the shore, she said.

The industry, which employs about 33,215 people directly, lacks
facilities such as designated fishing ports, storage and processing
plants, as well as deep-sea vessels, she said. The government is
constructing fishing ports in Lamu, Kilifi and Mombasa, according to
Ntiba Micheni, principal secretary for fisheries.

Industrial fishing in Kenya’s deep-sea territory is currently the
preserve of foreign vessels. Of the 49 ships with dragnets and seven
long liners licensed this year, only one was Kenyan, according to
Barabara. Most applications are from Taiwan, Spain, Italy and South

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Kenya Shilling versus The Dollar Live ForexPros 102.275
Kenyan Economy

Nairobi All Share Bloomberg -9.38% 2106


132.04 +1.28 +0.98%

Nairobi ^NSE20 Bloomberg -23.11% 2016


3,106.91 +32.4 +1.06%

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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