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Thursday 12th of January 2017 |
Morning Africa |
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The Latest Daily PodCast can be found here on the Front Page of the site http://www.rich.co.ke |
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Global Growth Edges Up to 2.7 Percent Despite Weak Investment @worldbank Africa |
Growth in advanced economies is expected to edge up to 1.8 percent in 2017, the World Bank’s January 2017 Global Economic Prospects report said. Fiscal stimulus in major economies—particularly in the United States—could generate faster domestic and global growth than projected, although rising trade protection could have adverse effects. Growth in emerging market and developing economies as a whole should pick up to 4.2 percent this year from 3.4 percent in the year just ended amid modestly rising commodity prices.
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The People's Bank of China (PBOC) revealed it was placing the country's major bitcoin trading platforms under close scrutiny Africa |
It is the first regulatory move China’s central bank has taken over the virtual currency, since it defined bitcoin as a “commodity” rather than a “currency” in 2013, when it ruled it out of its financial regulatory coverage.
The bitcoin price plunged to 5,800 yuan in China, just minutes after the announcement made on the PBOC’s official website, from an intra-day high at 6,450 yuan.
Bitcoin surged to a record high of 8,995 yuan in China on January 5, before plunging to 6,000 yuan later that day after many investors complained they could not log on to Huobi or OKCoin, two of the largest mainland exchanges.
Home Thoughts
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Donald Trump Russia claims: CIA agents 'say there may be more than one tape of sexual nature' Law & Politics |
The CIA believes Russia may hold more than one recording of a sexual nature involving Donald Trump, it has been reported.
The President-elect and the Kremlin have denied the explosive, if unverified, allegations made in a dossier believed to have been compiled by a former British spy that Russian intelligence agencies have compromising material about Mr Trump.
A BBC reporter who made enquiries to the CIA about the allegations said he received a message from the agency saying they had more than one source for the claims, which they regarded as “credible”.
“There was supposedly more than one tape, not just video but audio, more than one date, and not just in Moscow but in St Petersburg as well,” said Paul Wood in a live broadcast from Washington.
Conclusions
What happens if the Tape arrives in the public domain?
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Could Trump Have Been Caught in a Classic "Honey Trap"? Law & Politics |
Again, maybe this whole honey trap scenario involving Trump is as phony as every other fake news story on the Internet. When it comes to sex scandals, it’s not hard to grab the public’s attention. Still, given the clandestine community’s sordid history of mischief, and their obsession with obtaining “leverage,” why on God’s earth would they NOT do it if they had the means?
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Fake Intel Document: The Neocon's Declaration of War against Trump? Law & Politics |
First, and this is the really crucial part, there is more than enough here to impeach Trump on numerous grounds both political and legal. Let me repeat again – this is an attempt at removing Donald Trump from the White House. This is a political coup d’etat.
Second, this documents smears everybody involved: Trump himself, of course, but also the evil Russians and their ugly Machiavellian techniques. Trump is thereby “confirmed” as a sexual pervert who likes to hire prostitutes to urinate on him. As for the Russians, they are basically accused of trying to recruit the President of the United States as an agent of their security services. That would make Trump a traitor, by the way.
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The Tiny Gulf Country With a $335 Billion Global Empire Emerging Markets |
Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and U.K. gas company National Grid Plc.
The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter.
Since then, the country - with a population smaller than Houston - has amassed $335 billion in assets around the globe, making its sovereign wealth fund the 14th largest in the world, according to the Sovereign Wealth Fund Institute.
Russia
Qatar’s Rosneft $11 billion deal with Glencore Plc in December builds on the country’s growing Russian portfolio. Qatar agreed to buy 24.9 percent of the St. Petersburg airport in July and committed $2 billion to the state-run Russian Direct Investment Fund in 2014.
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23 MAY 16 :: Qatar Punching Beyond its Size @TheStarKenya Emerging Markets |
The ubiquity of al Jazeera (after a period when it was caught in Donald Rumsfeld’s cross-hairs) gave the state outsize soft power across the Middle East and beyond. Today, Qatar is a big player in the region punching far beyond its absolute size (estimates are that there are fewer than 300,000 Qatari citizens) both in terms of hard and soft power. In a geopolitical context, Qatar played a big role in toppling Muammar Gaddafi in Libya and its influence can be seen similarly in the move to remove President Bashar al-Assad in Syria. In foreign policy terms, Qatar has packed a big punch beyond merely hosting the US military at al Udeid air base.
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The World Bank Economic Prospects Report Africa |
Sub-Saharan Africa: Sub-Saharan African growth is expected to pick up modestly to 2.9 percent in 2017 as the region continues to adjust to lower commodity prices. Growth in South Africa and oil exporters is expected to be weaker, while growth in economies that are not natural-resource intensive should remain robust. Growth in South Africa is expected to edge up to a 1.1 percent pace this year. Nigeria is forecast to rebound from recession and grow at a 1 percent pace. Angola is projected to expand at a 1.2 percent pace.
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SSA starts at p.173 in this World Bank Report @worldbank @worldbankafrica Africa |
SSA excluding South Africa expected to grow at 3.5% FY17 versus 1.8% FY16 Angola 1.2% FY17 versus 0.4% FY16 DR Congo 4.7% FY17 versus 2.7% FY16 Ethiopia 8.9% FY17 8.4% FY16 Kenya 6.00% FY17 and 5.9% FY16 Rwanda 6.00% FY17 and FY16 Tanzania 7.1% FY17 and 6.9% FY16 Zimbabwe 3.8% FY17 and 0.4% FY16
Investment growth in Sub-Saharan Africa has fallen from nearly 8 percent in 2010 to 0.3 percent in 2015, reflecting a severe terms-of-trade deterioration and long-standing structural impediments, including infrastructure bottlenecks and weak business environments. Investment needs are sizable across a wide range of sectors. Policies to address the region’s investment needs in infrastructure include sustaining public investment, encouraging private sector participation in infrastructure, and strengthening public financial management capacity.
Fiscal and current account balances have deteriorated across the region over the past 5 years (World Bank 2015u). In 2014, 33 countries registered fiscal deficits greater than 5 percent of GDP (up from 25 in 2007), while 15 countries had a current account deficit that exceeded 5 percent of GDP (up from only 5 in 2007)
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Decriminalising the sex trade in Zimbabwe Economist Africa |
Police raids used to scare away competitors. “Only the brave remained on the streets. Now it’s free-for-all,” says 25-year-old Sazini Ngwenya from Bulawayo. She adds that without the police paying attention there has been an increase in robberies and rape.
Faced with a slumping economy Zimbabweans are so desperate that, for many, even cut-price sex work seems like the least-bad option. “With no education, faced with the responsibility to fend for their siblings and/or their own children, many girls and young women are being forced to sell sex for survival,” laments Talent Jumo, a director of the Katswe Sistahood, a charity. With no sign of an economic recovery, many more girls could be forced onto the streets, she says.
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Kenya to Raise $1.05 Billion Syndicated Loans to Fund Budget Kenyan Economy |
Kenya is raising at least $1.05 billion through syndicated loans, including $250 million already secured from lenders led by PTA Bank, as East Africa’s biggest economy seeks to plug a widening budget deficit.
PTA, an East African trade-finance bank based in Burundi, has already disbursed $100 million, while a further $150 million will be received “shortly,” Treasury Principal Secretary Kamau Thugge said in a mobile-phone text message Wednesday. “We are also syndicating $800 million to international banks,” he said.
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US widens its lead over UK as top importer of Kenyan goods Kenyan Economy |
Kenya is a beneficiary of the preferential trade pact, Agoa, which allows sub-Saharan African countries to export goods to America tax-free. Textiles and apparel account for about 80 per cent of Kenya’s total exports to the US under the pact. KNBS data shows that women’s trousers and shorts (valued at Sh6.8 billion) topped the list of items that Americans ordered from Kenya in the first 10 months of last year, followed by men’s trousers (Sh6.1 billion) and coffee (Sh2.9 billion). Other items that the world’s largest economy took in from Nairobi are tea (Sh1.8 billion) and titanium (Sh1.6 billion). Titanium is used as an alloy with other metals to produce lightweight metals for jet engines.
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