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Satchu's Rich Wrap-Up
Wednesday 29th of August 2018

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Macro Thoughts

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Literary Ecstasy: Virginia Woolf Describes a Psychedelic Experience

“Our normal waking consciousness,” William James wrote in his landmark
inquiry into transcendent experiences, “is but one special type of
consciousness, whilst all about it, parted from it by the filmiest of
screens, there lie potential forms of consciousness entirely
different.” A century later, Michael Pollan would echo this sentiment
in exploring the science of psychedelics: “The Beyond, whatever it
consists of, might not be nearly as far away or inaccessible as we

The most evocative description of an ecstatic experience comes not
from the annals of psychology or science, but from literature. Writing
partway in time between James and the dawn of psychedelics, Virginia
Woolf (January 25, 1882–March 28, 1941) limns the essential elements
of transcendent experience — the dreamlike quality of the images
flooding into the mind, the hallucinatory halo that envelops the
ordinary world, the curious melting of time — in the final pages of
her groundbreaking 1928 novel Orlando: A Biography (public library).

Placing her heroine amid a “night in which the reflections in the dark
pool of the mind shine more clearly than by day,” Woolf writes:

She now looked down into this pool or sea in which everything is
reflected — and, indeed, some say that all our most violent passions,
and art and religion, are the reflections which we see in the dark
hollow at the back of the head when the visible world is obscured for
the time. She looked there now, long, deeply, profoundly, and
immediately the ferny path up the hill along which she was walking
became not entirely a path, but partly the Serpentine; the hawthorn
bushes were partly ladies and gentlemen sitting with card-cases and
gold-mounted canes; the sheep were partly tall Mayfair houses;
everything was partly something else, as if her mind had become a
forest with glades branching here and there; things came nearer, and
further, and mingled and separated and made the strangest alliances
and combinations in an incessant chequer of light and shade. Except
when Canute, the elk-hound, chased a rabbit and so reminded her that
it must be about half past four — it was indeed twenty-three minutes
to six — she forgot the time.

It was not necessary to faint now in order to look deep into the
darkness where things shape themselves and to see in the pool of the
mind now Shakespeare, now a girl in Russian trousers, now a toy boat
on the Serpentine, and then the Atlantic itself, where it storms in
great waves past Cape Horn. She looked into the darkness… “Ecstasy!”
she cried, “ecstasy!” And then the wind sank, the waters grew calm;
and she saw the waves rippling peacefully in the moonlight.

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Wide Sargasso Sea

Jean Rhys is best known for her last novel, Wide Sargasso Sea, what
modern critics consider a post-colonial response to Charlotte Brontë’s
Jane Eyre. Rhys’ novels are characterized by reoccurring themes of
exile, loss, alienation, sexual inequality, and enslavement influenced
by her identity as a Dominican woman.

“You can pretend for a long time, but one day it all falls away and
you are alone. We are alone in the most beautiful place in the world…”
“There are always two deaths, the real one and the one people know about.”

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Statistics SA says 61% of children born in the country last year were fatherless. That means no details of fathers were recorded at time of birth
Law & Politics

Statistics SA says 61% of children born in the country last year were
fatherless. That means no details of fathers were recorded at time of
birth. This is in line with recent research which shows that a
staggering 60% of South African children do not live with their

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Minneapolis Fed President Neel Kashkari warns the trade war is like a 'game of chicken' @markets
Law & Politics

Federal Reserve Bank of Minneapolis President Neel Kashkari warned
about the economic cost of a trade war, likening America’s
confrontation with countries such as Canada and China to a dangerous
teenage game.

“It’s a little bit like a game of chicken,” he told a local radio
station Tuesday, referring to the competition where two drivers race
toward each other until one finally swerves and loses the game. “Once
in a while you actually run into each other, and so we have to be

“I’m hoping that everyone realizes that we have much more to lose than
we have to gain in a trade war,” Kashkari said, singling out farming
as an industry that’s particularly under pressure from tariff
concerns. “It’s bad for the U.S. economy, it’s bad for the global
economy. But we also need to achieve fair trade.”

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US Consumer Confidence 133.4 vs 126.7 forecast. 127.9 previous. Highest level in 18 years. @dlacalle_IA
International Trade

“The biggest risk to our view, however, is that the Treasury decides
to intervene to weaken the USD. Though still a tail risk, if they were
able to corral the Fed to participate, this would be a game changer
for the USD outlook.”


I am with @Citi

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Currency Markets at a Glance WSJ
World Currencies

Euro 1.1677
Dollar Index 94.81
Japan Yen 111.17
Swiss Franc 0.9768
Pound 1.2855
Aussie 0.7306
India Rupee 70.445
South Korea Won 1110.70
Brazil Real 4.1360
Egypt Pound 17.83
South Africa Rand 14.2662

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#EURGBP off to the races as it heads towards 0.9100 @forexflowlive
World Currencies

Break of 0.9035 is looking conclusive as we continue to climb to near
0.9100. Little in the way of resistance towards 2017 high.

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Bitcoin was designed so that ultimately there will only be a total supply of 21 million coins. Over -80% of Bitcoins have already been mined - @Citi Research
World Currencies

Bitcoin was designed so that ultimately there will only be a total
supply of 21 million coins. Over ~80% of Bitcoins have already been
mined – according to the algorithm that drives supply, the last
Bitcoin will be mined in 2140. | @Citi Research

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9-AUG-2018 :: Blocking and Tackling Addressing the Most Pressing Questions about Blockchain & Cryptocurrencies @citi
World Currencies

There are currently in excess of 1,700 cryptocurrencies. via @Citi
Bitcoin remains the most well-known cryptocurrency and has by far the
highest market capitalization (~$111 billion)
While funding through initial coin offerings (ICOs) has grown
exponentially since early 2017, we view (ICOs) as the “wild west of
cryptocurrencies.” says @Citi  failure rates and fraudulent activity
are high
it is critical that investors who may be less familiar with these
topics distinguish between blockchain and Bitcoin – they are not one
in the same. Blockchain is a technology and Bitcoin – which is a type
of cryptocurrency – is its most well-known application to date @Citi
Although blockchain is often referred to as a new technology, we do
not believe that is entirely accurate. Rather, blockchain combines
existing technologies – notably the internet and cryptography – to
change how information is recorded and stored. @Citi
At its core, blockchain is a database shared across multiple users in
a network – the data is stored in “blocks” which are then linked in a
“chain.” All of the network’s users store a copy of the database
locally and thus have simultaneous access to the data. @Citi
After a transaction has taken place, it is effectively immutable –
transaction cannot be altered unless 50% +1 of blockchain participants
elect to do so. Since historical record cannot be altered the
blockchain that records all transactions functions as a single source
of truth.
For a party to prove it owns a digital asset, blockchain does not
require that party to identify itself in a public manner (name of
entity or person, national ID number, etc). Rather, that party must
only possess what is called a private key. @Citi
Bitcoin – and cryptocurrencies more generally – have engendered strong
sentiments from both financial professionals as well as policy makers.
“Cryptocurrencies are a crock. They allow a few dozen men in my
district to sit in their pajamas all day and tell their wives they’re
going to be millionaires.” – US Congressman Brad Sherman @Citi
Researchers at @Princeton University recently determined that Web
trackers and cookies embedded into many websites often allow Bitcoin
transactions to be traced back to a specific person – “unique linkage
is possible in over 60% of cases.” @Citi
Bitcoin was designed so that ultimately there will only be a total
supply of 21 million coins. Over ~80% of Bitcoins have already been
mined – according to the algorithm that drives supply, the last
Bitcoin will be mined in 2140. @Citi
A digital wallet is a software program where Bitcoins and other types
of cryptocurrencies are “stored.” Since cryptocurrencies are virtual,
they are not actually stored anywhere – rather, the wallet contains
the private key of the person or entity which owns the Bitcoin @Citi
An exchange is an online platform which allows owners of
cryptocurrencies to convert them to fiat currencies or different
cryptocurrencies. @Citi • Examples of companies which operate
exchanges are Bisq, Bitstamp, Coinmama and Kraken.
A “fork” occurs when the original protocol of a cryptocurrency
blockchain is modified but only some of the users on the network
accept the modification. @Citi
Bitcoin’s current market capitalization is roughly $111 billion while
Ethereum’s – the second largest cryptocurrency – is roughly $28
billion. The total value of all cryptocurrencies is roughly $207
billion. @Citi
A pure cryptocurrency is a stand-alone cryptocurrency – it is not
native to a particular platform – and functions by itself as a
peer-to-peer payment vehicle. Bitcoin is the prime example of a pure
cryptocurrency. @CitiAly-Khan Satchu added,
A cryptocurrency that is native to a particular blockchain platform is
designed to help facilitate applications associated with that
platform. These applications span a wide range. We consider two
examples of these applications – smart contracts and international
money transferAly-Khan Satchu added,
After having gone through numerous ICO websites and white papers, it
is not clear why investors would opt to fund many of these projects –
some of the problems which the projects purport to address do not
appear to be problems, in our view. @Citi
(Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud,
May 17, 2018) found that of 1,450 digital coin offerings it
investigated, 271 had “red flags” which included “plagiarized investor
documents, promises of guaranteed returns and missing or fake
executive teams.”
It appears that the most common ICO fraud is when Bitcoins are
collected from investors in order to fund a project and then the
management team disappears with the funds. @Citi
Bitcoin is mined at a rate of 12.5 coins every 10 minutes. That
equates to 657,000 coins per year. If we assume that mining is now a
marginal activity such that the majority of coins mined have to be
sold as they are mined, then we have the value of net supply.  @Citi
While there is obviously the ability to sit on coins for a short
while, miners do have to pay their bills in order to keep operating.
So, over a reasonable period, we can estimate that the inflows to the
Bitcoin market required @Citi
So, over a reasonable period, we can estimate that the inflows to the
Bitcoin market required to maintain the current Bitcoin/USD price
equals the price per coin multiplied by the number of coins mined.
Recently, Bitcoin traded at ~$6,300 per coin. Using the logic above,
we estimate that the Bitcoin market must attract inflows of ~$4.1
annually billion to maintain the current price. @Citi
Since, as discussed above, the supply is finite, inflows or outflows
which exceed or are less than ~$4.1 billion should cause the price of
Bitcoin to rise or fall. @Citi
Less than 1% of Addresses hold more than 87% of bitcoin says @Citi
Our analysis indicates that miners will remain profitable as long as
the price of Bitcoin and Ether are at or above ~$5,500 and ~$400,
respectively. @Citi

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27-NOV-2017 :: Bitcoin "Wow! What a Ride!" @TheStarKenya
World Currencies

Let me leave you with Hunter S.Thompson, “Life should not be a journey
to the grave with the intention of arriving safely in a pretty and
well preserved body, but rather to skid in broadside in a cloud of
smoke, thoroughly used up, totally worn out, and loudly proclaiming
“Wow! What a Ride!”

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Big headlines about Germany offering Turkey economic help and South Africa's public works committee withdrawing their Expropriation Bill @RencapMan
Emerging Markets

Big headlines about Germany offering Turkey economic help and South
Africa's public works committee withdrawing their Expropriation Bill.
Currency reaction is pretty brief though - and pretty well impossible
to see if you look at this with a month's history

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German government is considering providing emergency financial assistance to Turkey as concerns grow in Berlin that a full-blown economic crisis could destabilize the region via @WSJ
Emerging Markets

German government is considering providing emergency financial
assistance to Turkey as concerns grow in Berlin that a full-blown
economic crisis could destabilize the region, German and European -

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Pop Star @HEBobiwine Poses Biggest Threat to Ugandan Strongman @KagutaMuseveni @BBGAfrica

Ugandan President Yoweri Museveni has seen off electoral challenges,
street protests and vicious rebellions during his three decades in
power. His latest nemesis is a pop star known as Bobi Wine.

Robert Kyagulanyi, 36, is posing the most serious threat yet to
Museveni, 74, who’s ruled since 1986. Elected to parliament last year,
the reggae star and self-styled “ghetto president” has kept up a
steady stream of criticisms and protests. It’s a stance that
culminated this month with his arrest, alleged beating and a charge of

While railroading the opposition is nothing new in Uganda, the
detention of Kyagulanyi is galvanizing Uganda’s youth, some of whom
joined protests in the capital, Kampala, and other towns. Age may be a
pressure point in the East African nation that has the world’s
second-youngest population, yet one of the continent’s oldest and
longest-serving leaders.

“The issue of age will be inescapable for Museveni in the next
election,” said Jared Jeffery, an analyst at Paarl, South Africa-based
NKC African Economics. “His image is definitely hamstrung on this key
issue in such a young country.”

Museveni, a key U.S. ally in the region, has already approved the
scrapping of an age limit for presidential candidates, crucial so he
can run in the 2021 vote. And while his security forces crack down on
opponents, he’s burnishing his credentials as both a wise old man --
calling the youth his “grandchildren” -- and as a fighter. His
daughter this year produced ‘27 Guns,’ a film recreating his days as a
guerrilla leader.

Following the removal of Zimbabwean President Robert Mugabe last year,
in sub-Saharan Africa only Teodoro Obiang Nguema of Equatorial Guinea,
Denis Sassou Nguesso of the Republic of Congo and Cameroon’s Paul Biya
have held power for periods comparable to Museveni’s.

“We know you fought a bush war, but imagine a child who was unborn
when you came has also long become a parent,” Bobi Wine sang in his
2017 track, ‘Freedom.’ “Someone help us tell this old man that it’s
wrong that he’s insisting” to stay on as leader, he said.

Kyagulanyi and other opposition politicians were arrested mid-August
in northwest Uganda after supporters of a candidate they backed in a
by-election allegedly threw stones at a convoy carrying Museveni. He
was initially charged in a military court with illegal weapons

That charge was dropped, but Kyagulanyi -- whose lawyer says he was
tortured in custody -- was then charged with treason by another court
on Aug. 23 for an alleged “intent to do harm” to Museveni. His lawyers
describe the case as politically motivated and rights groups have
urged Uganda to drop the charges. He was released on bail on Monday.

Amid all the drama, the candidate Kyagulanyi backed in the local
by-election won. It was the fourth electoral victory for a politician
the musician had rallied the youth to support -- signaling his growing
appeal. Four people have died in protests related to his arrest,
according to advocacy group Chapter Four Uganda.

Museveni himself has also used music to charm citizens. In 2010 he
released a rap song, ‘U Want Another Rap,’ that he performed at
rallies for the next year’s election and that became an improbable
local hit. He did a similar trick before the 2016 vote.

While Museveni, who’s often photographed in military fatigues, accuses
Kyagulanyi of fomenting chaos, the musician says the president is
detached from the youth. Uganda’s most recent census showed that 68
percent of the population -- now estimated at 40 million -- was under
24, according to the United Nations.

Uganda in July introduced a tax equal to a few U.S. cents a day on
social media including Facebook and Twitter, a step the government
said would bring in much-needed revenue and curb gossip and
immorality. Rights campaigners criticized it as an attempt to choke
off an affordable outlet for free political expression.

The violent response to protests may expose some state officials to
U.S. sanctions under the Magnitsky Act, DaMina Advisors LLP said in an
emailed note. The legislation allows the U.S. government to target
individuals, companies or other entities involved in corruption or
human-rights abuses.

Museveni has plenty of experience warding off opposition. In 2011,
security forces quashed demonstrations after the arrest of Kizza
Besigye, a Museveni ally-turned-opposition leader.

The president has also quelled his opponents by using patronage,
coercion and intimidation, according to Godber Tumushabe, executive
director at the Kampala-based Great Lakes Institute for Strategic

Still, while Museveni’s won five successive votes, simmering dissent
means the next contest may not be so easy.

“The years to 2021’s elections are going to be the toughest faced by
the aging president since he came to power,” Jeffery said.

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NOV 14 ::Ouagadougou's Signal to Sub-Sahara Africa

What’s clear is that a very young, very informed and very connected
African youth demographic [many characterise this as a ‘demographic
dividend’] – which for Beautiful Blaise turned into a demographic
terminator – is set to alter the existing equilibrium between the
rulers and the subjects, and a re-balancing has begun.

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South Sudan rebels refuse to sign latest peace deal

But Machar and another rebel group refused to sign the latest draft of
the agreement, saying that disputes over power sharing and a new
constitution had been ignored in the draft.

“This is an unfortunate development that will not reflect well on the
impartiality of the mediators and will throw doubt onto the whole
process,” the rebels said in a statement.

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As UK PM @Theresa_May arrives in South Africa, here's an overview of
this bilateral trade.

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"The UK has for some time now supported land reform." May said she'd be talking to President Ramaphosa about land reform later @joebrock2

British PM Theresa May took a very different tack from President Trump
on South Africa land reform, telling reporters in Cape Town today
that: "The UK has for some time now supported land reform." May said
she'd be talking to President Ramaphosa about land reform later.

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27-AUG-2018 :: The ZAR gets caught up in the CrossFire. @TheStarKenya

President Trump the linguistic and financial warfare specialist has
the Machine-Gun and the ZAR is in its line of Fire.

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South Africa Expropriation Bill Withdrawn Amid Constitution Review

The South African parliament’s portfolio committee on public works
withdrew the Expropriation Bill because lawmakers are reviewing
section 25 of the constitution to make it possible for the state to
expropriate land without compensation.

Former President Jacob Zuma returned the bill to parliament in 2017
because lawmakers had failed to facilitate adequate public

The ruling African National Congress commented on the bill’s
withdrawal in an emailed statement Tuesday.

The bill is separate to the review of section 25 of the country’s
constitution that’s currently under way. On Dec. 20, the ruling
African National Congress said expropriating land without compensation
should be among mechanisms to effect land reform, as long as it
doesn’t undermine the economy, agricultural production and food
security. The Constitutional Review Committee is due to report back to
lawmakers soon.

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South Africa All Share Bloomberg +0.90% 2018

Dollar versus Rand 6 Month Chart INO 14.2662


Egypt Pound versus The Dollar 3 Month Chart INO 17.8270


Nigeria All Share Bloomberg -7.13% 2018


Ghana Stock Exchange Composite Index Bloomberg +8.99% 2018


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Kenya's deputy chief justice arrested on corruption allegations-police @ReutersAfrica
Kenyan Economy

Kenya’s deputy chief justice Philomena Mwilu was arrested on Tuesday
for corruption allegations, failure to pay tax, and improper dealings
with a local bank now in receivership, the police and the country’s
top prosecutor said.

Noordin Mohamed Haji told a news conference that Mwilu had abused her
office for personal gain, undermining public integrity in the
judiciary. Director of Criminal Investigations George Kinoti told
Reuters in a text message: “I can confirm the arrest of the deputy
chief justice.”

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Diamond Trust Bank (Kenya) Ltd reports H1 2018 EPS +4.25%
Kenyan Economy

Par Value:                  4/-
Closing Price:           184.00
Total Shares Issued:          279,602,220
Market Capitalization:  51.4468b
EPS:             23.73
PE:                 7.754

Prominent Kenyan commercial bank

Diamond Trust Bank Kenya Limited H1 2018 results through 30th June
2018 vs. 30th June 2017
H1 Kenya government securities – held to maturity 99.726123b vs.
83.703864b +19.142%
H1 Loans and advances to customers (net) 198.233933b vs. 191.469262b +3.533%
H1 Total assets 376.077751b vs. 343.710264b +9.417%
H1 Customer deposits 281.745588b vs. 256.338364b +9.912%
H1 Total equity 54.990268b vs. 48.545220b +13.276%
H1 Net interest income 9.928493b vs. 9.493826b +4.578%
H1 Total non-interest income 2.742867b vs. 2.539027b +4.578%
H1 Total operating income 12.671360b vs. 12.032853b +5.306%
H1 Loan loss provision [1.677189b] vs. [1.715759b] -2.248%
H1 Total operating expenses [7.276902b] vs. [6.955736b] +4.617%
H1 Profit before tax and exceptional items 5.394458b vs. 5.037117b +7.094%
H1 Profit after tax and exceptional items 3.755323b vs. 3.412475b +10.047%
EPS 12.51 vs. 12.00 +4.250%
Total NPL and advances 12.924463b vs. 7.233301b +78.680%
Liquidity ratio 51.1% vs. 51.3% -0.200%


Strong Franchise, geographically diverse and inexpensive at a PE of 7.754

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@KenyaAirways reports H1 2018 EPS [0.54] Earnings here
Kenyan Economy

Par Value:                  5/-
Closing Price:           10.60
Total Shares Issued:          5823588269.00
Market Capitalization:        61,730,035,651
EPS:             -6.82
PE:                 -1.554

H1 Total income 52.193b vs. 50.601b +3.146%
H1 Total operating costs [53.218b] vs. [51.333b] +3.672%
H1 Operating Loss [1.025b] vs. [732m] -40.027%
H1 Other costs [2.990b] vs. [5.099b] -41.361%
H1 Loss before income tax [3.992b] vs. [5.771b] -30.827%
H1 Income tax [expenses]/ credit [43m] vs. 103m -141.748%
H1 Loss for the period [4.035b] vs. [5.668b] -28.811%
Basic loss per share [0.69] vs. [15.16] +95.449%
Diluted loss per share [0.54] vs. [15.16] +96.438%
Cash and cash equivalents at the end of the period 5.964b vs. 8.777b -32.050%


30.8% improvement in its net results for the 6 month period
Net loss before Tax -3.992b versus -5.771b
Passenger numbers 2.3m +6.6%
Cabin Factor +2.8 points to 75.9%
Turnover +3.1%
Direct operating costs +13.9% due to fuel.

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@LibertyLifeKe reports H1 2018 EPS -8.861% Earnings here
Kenyan Economy

Par Value:
Closing Price:           13.15
Total Shares Issued:          535707499.00
Market Capitalization:        7,044,553,612
EPS:             1.58
PE:                 8.323

Liberty Kenya Holdings Limited H1 2018 results through 30th June 2018
vs. 30th June 2017
H1 Gross earned premium revenue 4.751907b vs. 4.895741b -2.938%
H1 Outward reinsurance [1.910637b] vs. [2.138128b] -10.640%
H1 Net insurance premium revenue 2.841270b vs. 2.757613b +3.034%
H1 Investment income 1.529060b vs. 1.738716b -12.058%
H1 Total income 4.828247b vs. 5.042940b -4.257%
H1 Claims and policyholder benefits payable [2.827794b] vs. [3.053411b] -7.389%
H1 Total claims and expenses [4.343855b] vs. [4.495953b] -3.383%
H1 Profit before income tax 484.392m vs. 546.987m -11.444%
H1 Profit after income tax 386.869m vs. 422.508m -8.435%
Basic and diluted EPS 0.72 vs. 0.79 -8.861%
Cash & cash equivalents at the end of the period 2.463048b vs.
4.629182b -46.793%
Total Equity 7.591964b vs. 7.031845b +7.965%
Total Assets 38.346798b vs. 36.605457b +4.757%
Insurance contract liabilities 13.763479b vs. 13.060746b +5.380%


results from the long term arm of the business reflected improvement
over prior year despite sluggish returns from the equity markets and
reducing yields on Government securities.
Our short term business had a good start in Tanzania.
The Kenyan short-term business had a challenging six months due to
reduced premium flows with an increase in claims


Conservatively managed. Trailing PE of 8.323. Its a Buy on reverses.

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@CrownPaintsPLC Crown Paints reports H1 2018 EPS -32.941% Earnings
Kenyan Economy

Par Value:                  5/-
Closing Price:           79.00
Total Shares Issued:          71181000.00
Market Capitalization:        5,623,299,000
EPS:             3.14
PE:                 25.159

Crown Paints H1 2018 results through 30th June 2018 vs. 30th June 2017

H1 Revenue 3.877955b vs. 3.700803b +4.787%
H1 Profit before tax 90.353m vs. 110.131m -17.959%
H1 Profit for the year 40.701m vs. 60.462m -32.683%
H1 Basic and diluted EPS 0.57 vs. 0.85 -32.941%
Cash and cash equivalents at the end of the year [79.412m]
Total Assets 4.625924b
Equity 825.843m

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@Centum_Inv plans apartments at Two Rivers, Vipingo land sale @BD_Africa
Kenyan Economy

“Our strategy in Vipingo is to master develop sites and provide a
commercial impetus for investors to establish new urban nodes.”
The company says it will focus on the construction of its 180-acre
industrial park on the coastal parcel, as well as two residential
projects dubbed the Ridge Homes and Awali Estate next year.
Even as Centum deepens its foray into real estate, the firm indicated
that it had struggled in the sector due to constrained credit access
following capping of lending rate.
“Kenya’s real estate market also recorded the lowest capital
appreciation compared to the previous six years, which is reflected in
lower value uplift in our real estate portfolio during the financial
year,” it said.
The firm recorded a profit decline to Sh2.79 billion for the full year
to March 2018 from Sh8.3 billion in a real estate market, especially
commercial property appreciated in value at a lower rate in 2017 on
account of the political environment and the reduced access to credit
by the private sector.
Two Rivers Mall, which opened in February 2017, has an occupancy of 75
per cent while the City Lodge Hotel at the property is operational,
according to Centum.
The Sh25.2 billion shopping complex sits on 11 acres out of the 102
acres that Centum owns on Limuru Road in Nairobi, near the affluent
neighbourhoods of Runda, Nyari, Gigiri and Muthaiga.
Centum now has a diversified portfolio of assets in several sectors
including financial services, real estate and property development,
fast-moving consumer goods, information, power generation, healthcare
and agribusiness.

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.@Centum_Inv share price data here
Kenyan Economy

Par Value:                  0.50/-
Closing Price:           33.50
Total Shares Issued:          665441775.00
Market Capitalization:        22,292,299,463
EPS:             3.96
PE:                 8.460

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Kenya Shilling versus The Dollar Live ForexPros
Kenyan Economy

Nairobi All Share Bloomberg +1.16% 2018


Nairobi ^NSE20 Bloomberg -12.36% 2018


Every Listed Share can be interrogated here


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by Aly Khan Satchu (www.rich.co.ke)
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August 2018

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