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Wednesday 01st of March 2017 |
Morning Africa |
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If you are tracking the NSE Do it via RICHLIVE and use Mozilla Firefox as your Browser. 0930-1500 KENYA TIME Normal Board - The Whole shebang Prompt Board Next day settlement Expert Board All you need re an Individual stock.
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23-JAN-2017 :: Base Titanium is a Buy @TheStarkenya Africa |
Base Resources’ share price closed at a 26 month high of 25 Australia dollar cents and has rallied an extraordinary +640.09% over a 12 month period. The highest price was clocked in March 2013 (when the commodity markets were in full swing ) at 53cents. Base Titanium mines mineral sands at Kwale.
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Letter from Tehran: Trump 'the bazaari' Asia Times Law & Politics |
The art of the deal, when practiced for 2500 years, does lead to the palace of wisdom. I had hardly set foot in Tehran when a diplomat broke the news: “Trump? We’re not worried. He’s a bazaari”. It’s a Persian language term meaning he is from the merchants class or, more literally, a worker from the bazaar and its use implies that a political accommodation will eventually be reached.
The Iranian government’s response to the Trump administration boils down to a Sun Tzu variant; silence, especially after the Fall of Flynn, who had “put Iran on notice” after it carried out a ballistic missile test, and had pushed the idea of an anti-Iran military alliance comprising Saudi Arabia, the UAE, Egypt and Jordan. Tehran says the missile test did not infringe the provisions of the Iran nuclear deal and that naval drills from the Strait of Hormuz to the Indian Ocean, which began on Sunday, had been planned well in advance.
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Rural Zimbabwe Empties as Mugabe's Land Reform Policy Unravels Africa |
Forests engulf fields that used to produce some of the world’s best tobacco around the northern Zimbabwean town of Banket, while barns that once stored the leaf stand empty, their corrugated iron roofs ripped off and sold for scrap. Most of the farm workers have left.
“We are 15 here now, from roughly 50,” said 25-year-old Bruce Mahenya, who lives in a mud-and-grass hut behind a defunct trading store on a farm about 95 kilometers (60 miles) northwest of the capital, Harare. “My mother, father and brother have gone. I said I would remain alone in case things get better, but it’s hard.”
It’s a familiar story across vast tracts of Zimbabwe, where President Robert Mugabe’s goal of transforming the countryside through the seizure of about 4,500 white-owned commercial farms remains illusive. Some of the best acreage fell into ruin because senior ruling party officials who took it over had no farming expertise. Other farms also failed because they were given to small producers with no money to pay for fertilizer and equipment. In recent years, the crisis has been compounded by drought followed by torrential rains.
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Nigeria's economy shrinks in 2016 for first time in 25 years Africa |
Nigeria's economy contracted 1.5 percent in 2016 due to lower oil revenues and a shortage of hard currency, the National Bureau of Statistics said on Tuesday, its first annual contraction in quarter of a century.
Africa's largest economy slid into recession in the second quarter of 2016 as a slump in crude prices hammered the OPEC member's public finances and battered the naira currency. Crude sales make up two-thirds of government revenue.
"This contraction reflects a difficult year for Nigeria, which included weaker inflation-induced consumption demand, an increase in pipeline vandalism, significantly reduced foreign reserves and a concomitantly weaker currency," the statistics office said in a report.
The International Monetary Fund had predicted Nigeria's economy would shrink 1.8 percent in 2016. A Reuters poll forecast a 1.2 percent contraction..
Vice President Yemi Osinbajo said in a statement the GDP data suggested Nigeria was "well on its way out of recession".
Fourth-quarter GDP increased 4.1 percent from the preceding three months, the statistics agency said.
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Soaring food costs send Kenyan inflation sharply higher Kenyan Economy |
Inflation rose to 9.04 percent year-on-year - above the government's target range - from 6.99 percent in January, the Kenya National Bureau of Statistics (KNBS) said. Month on month it rose to 1.80 percent from 1.00 percent.
KNBS said the food and non-alcoholics drinks index gained 3.28 percent on the month and 16.50 percent on the year, as staples including maize flour, milk and potatoes rose in price.
That segment accounts for 36 percent of Kenya's inflation basket.
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Isuzu buys 57.7pc stake in GM East Africa Kenyan Economy |
Japanese automaker Isuzu Motors Limited has bought out General Motors’ 57.7 per cent stake in General Motors East Africa (GMEA) for an undisclosed sum. The transaction will see the motor dealer change its name to Isuzu East Africa in April to reflect the change of control. Most of the dealer’s sales are bus, pick-ups and truck brands of the Japanese multinational whose status shifts from a vehicle supplier to an owner. The deal comes at a time when the dealer has steadily grown its market share in the local new vehicle market to a record 35 per cent last year, with Isuzu brands representing more than 95.6 per cent of the sales.
Conclusions
Buy-Out Activity has seriously accelerated.
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