home | rich profile | rich freebies | rich tools | rich data | online shop | my account | register |
  rich wrap-ups | **richLIVE** | richPodcasts | richRadio | richTV  | richInterviews  | richCNBC  | 
Satchu's Rich Wrap-Up
 
 
Wednesday 08th of August 2018
 
Morning
Africa

Register and its all Free.

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.

The Latest Daily PodCast can be found here on the Front Page of the site
http://www.rich.co.ke

Macro Thoughts

read more








To take Tesla private, Elon Musk would have to pull off the largest leveraged buyout in history
Africa


To take Tesla private, Musk would have to pull off the largest
leveraged buyout in history, surpassing Texas electric utility TXU’s
in 2007. And Tesla doesn’t fit the typical profile of a company that
can raise tens of billions of dollars of debt to fund such a deal.

It’s lost money on an operating basis every year since going public
and has been burning through billions of dollars amid the struggle to
iron out production issues with its Model 3 sedan. Neither Musk’s
tweets nor his blog post make mention of how the company would pay for
it.

Tesla closed at $379.57, up 11 percent from Monday. Viewed
differently, though, the stock ended the day about 10 percent below
the $420 price Musk said he’d pay to take the company private,
highlighting the doubts traders have about his ability to pull the
deal off.

“The market doesn’t believe him,” said David Kudla, the CEO of
Mainstay Capital Management, which is betting against Tesla. “His
credibility has come into question over a number of things. If this
were real, you’d expect the stock to go closer to $420 a share than it
has.”

Well, previously the largest LBO was TXU at $48 billion.  If Elon
succeeds with $TSLA at $420 per share, that would equal $71 billion
making it by far the largest LBO in history.

read more








Predator @David_Yarrow
Africa


I must have spent several days waiting at this point in the river over
the last few years and this is the best image yet. I just wanted to
convey size and sovereignty - nothing else really mattered. This is
raw Alaska at its best.

read more


World at risk of heading towards irreversible 'hothouse' state @Reuters
Africa


The world is at risk of entering “hothouse” conditions where global
average temperatures will be 4-5 degrees Celsius higher even if
emissions reduction targets under a global climate deal are met,
scientists said in a study published on Monday.

Scientists from the Stockholm Resilience Center, the University of
Copenhagen, Australian National University and the Potsdam Institute
for Climate Impact Research said it is likely that if a critical
threshold is crossed, several tipping points will lead to abrupt
change.

Such processes include permafrost thaw; the loss of methane hydrates
from the ocean floor; weaker land and ocean carbon sinks; the loss of
Arctic summer sea ice and the reduction of Antarctic sea ice and polar
ice sheets.

“These tipping elements can potentially act like a row of dominoes.
Once one is pushed over, it pushes Earth towards another,” said Johan
Rockström, co-author of the report published in the Proceedings of the
National Academy of Sciences and executive director of the Stockholm
Resilience Centre.

“It may be very difficult or impossible to stop the whole row of
dominoes from tumbling over. Places on Earth will become uninhabitable
if ‘Hothouse Earth’ becomes the reality,” he said.

“In the context of the summer of 2018, this is definitely not a case
of crying wolf, raising a false alarm: the wolves are now in sight,”
said Phil Williamson, climate researcher at the University of East
Anglia.

read more





Surface thermal manifestations(explosion & gas emission) of Mount #Etna on 6 August 2018
Africa


Surface thermal manifestations(explosion & gas emission) of Mount
#Etna  at the Northeast Crater and new Southeast Crater and Bocca
Nuova Vent on 6 August 2018 - Photos credit to: Marissa Liotta,
Francesco Needled, Francesco Agati & Gaetano Longo

read more


Venezuela's President Nicolas Maduro says 11 "hired assassins" trained in Colombia were offered $50 million to kill him
Law & Politics


Venezuela’s President Nicolas Maduro said 11 “hired assassins” trained
in Colombia were offered $50 million to kill him as part of Saturday’s
thwarted attack.

The suspects were trained in a farm in Chinacota, Colombia, and were
planning a July 5 attack that was postponed due to the delayed arrival
of the two drones, Maduro said in a televised address from the
presidential palace Wednesday. The suspects were keeping track of
Maduro’s public appearances and were told they could stay in the U.S.
following the attack, Maduro said.

“I saw death in the face and I said, ‘this is not your time yet, this
is the time for life’,´´ Maduro said. ”I’m sure these assassins will
receive the harshest of punishments.´´

read more









Qasem Suleimani and Hassan-e Sabbah
Law & Politics


Founder of the order known as Assassins.[3] Assassins, who are often
referred to as the Hashshashin, was a group of fedayeen.[4]

read more




This BBG-Chart highlights that #Turkey's Erdogan is to blame for the current Lira rout and not neg sentiment towards EM
International Trade


The 60-day correlation between the Turkish currency and a gauge of
developing-nation exchange rates has turned negative for the first
time since Jan2000.

read more



#Iran rial has recovered, for now, from its tailspin over the past 10 days, where it fell as low as IRR118,000 to USD. @hrome2
Law & Politics


▪️Latest reporting is now IRR92,500, which returns the rial to levels
in the last week of July.
▪️New FX policy is likely main driver for rial's boost

read more


Financial warfare has proven effective. But It has spread contagion and created a negative feed back loop in the Region
Law & Politics


Financial warfare has proven effective. But It has spread contagion
and created a negative feed back loop in the Region [Turkish Lira,
Dubai et al]. This is a very resilient Regime and the MEK are a bunch
of Chancers

read more





Currency Markets at a Glance WSJ
World Currencies


Euro 1.1622
Dollar Index 95.02
Japan Yen 111.27
Swiss Franc 0.9939
Pound 1.2960
Aussie 0.7428
India Rupee 68.615
South Korea Won 1117.89
Brazil Real 3.7516
Egypt Pound 17.8735
South Africa Rand 13.2849

read more








Russia is making new friends in Africa. @Bershidsky says it's a risky business all-around
Africa


The murder of three Russian journalists last week in a remote area of
the Central African Republic, the world’s poorest country according to
the World Bank, has turned a spotlight on what looks like a big
Kremlin play for influence and resources in Africa. Where China has
spent decades and billions of dollars trying to entrench itself there,
Russia is offering its brute force and strong appetite for risk. It’s
already making headway.

The three journalists, Orkhan Dzhemal, Alexander Rastorguev and Kirill
Radchenko, were in the Central African Republic working on an
investigative film about the Wagner private military company. That's a
secretive Russian contractor linked by news reports to Yevgeny
Prigozhin, a St. Petersburg catering entrepreneur close to Russian
President Vladimir Putin. Prigozhin is also one of  12 people indicted
in the U.S. along with the Internet Research Agency, a troll farm he
funded that has been caught up in Special Counsel Robert Mueller’s
investigation of Russian interference in the 2016 presidential
election. Wagner has provided mercenaries to fight in the eastern
Ukraine and Syria, and it’s probably also present in the Central
African Republic and neighboring Sudan.

Back in March, the Russian Foreign Ministry reported that Russia was
working with the government of Central African Republic President
Faustin-Archange Touadera to explore the country’s natural resources
on a concession basis. At the same time, the ministry said, Russia had
sent weapons along with five military and 170 civilian instructors to
train the nation's military forces. The African country, home to
warring Christian and Muslim groups, is under a United Nations-imposed
arms embargo, but Russia obtained an official dispensation, arguing
that the weapons – 5,200 Kalashnikov submachine guns and smaller
numbers of handguns, grenade launchers and other hardware – were for
the UN-supported regime.

The mining concessions and the “civilian instructors,” however, appear
to be more closely linked than the Foreign Ministry let on. Africa
Intelligence, a Paris-based investigative and research outfit,
reported in July that the government of the Central African Republic
had begun extracting diamonds on an alluvial site not far from the
capital, Bangui, with the help of a company called Lobaye Invest. The
company, according to Africa Intelligence, is a subsidiary of the St.
Petersburg firm M Invest, founded by Prigozhin. Africa Intelligence
reported that Wagner fighters were delivering mining equipment to the
site in armored trucks. At the same time, Touadera’s Russian advisers
are helping the president negotiate a truce with various groups that
used to be part of the Muslim rebel movement, Seleka.

This is a business model Wagner has reportedly used in Syria, where it
lends its private troops to the regime of President Bashar Al-Assad,
and in return receives a share of revenues from the oil wells and
refineries the troops recover from regime opponents. In February,
Wagner mercenaries clashed with U.S. troops while trying to seize a
refinery and suffered major losses.

Like Syrian oil, Central African Republic diamonds are a commodity on
which no ordinary business can get its hands. In the 1960s, the
country exported half a million carats of diamonds a year, a volume
that would make it the seventh-biggest exporter in the world today.
Unlike neighboring Democratic Republic of Congo, which specializes in
industrial diamonds, Central African Republic diamonds are mostly
gem-quality. But the enormous economic potential of the industry was
undermined by civil strife and government greed. A lot of diamonds are
still extracted illegally and smuggled out of the country, and there’s
a partial ban on diamond exports.

Putin’s Russia has sought to restore its Soviet-era influence
throughout the developing world, and its activity in Africa is not
limited to the Central African Republic. It’s worth watching for
reports of Russian concessions in other nations, such as Sudan, Chad,
Rwanda and Gabon. The Wagner business model is well suited to the
region where a forceful presence can be a prerequisite for successful
business – and where looking into how this business is conducted can
easily get one killed.

read more


Will Congo Go to the Polls - Or Go to War? @ForeignPolicy
Africa


One local human rights activist, who was present at Victoir’s meeting
with the generals, saw the arrival of members of the top brass from
Kinshasa as significant. “The government doesn’t want elections to
take place and is using its men to control armed groups around the
country. In case people want Kabila to leave power he has control of
the forces and he can use them to protect him,” said the activist, who
didn’t want to be named for fear of retaliation.

Officials from Masisi’s local government couldn’t say whether the
specific meeting in March occurred, but confirmed that an “unofficial,
confidential collaboration” between the government and armed actors
exists.Officials from Masisi’s local government couldn’t say whether
the specific meeting in March occurred, but confirmed that an
“unofficial, confidential collaboration” between the government and
armed actors exists. “How do you think the groups get their weapons?”
said Kangakolo Nikae Cosmas, minister of the interior for Masisi
Territory.

read more


Mugabe's 'kiss of death' sealed Chamisa's poll defeat @dailymaverick
Africa


“All in Zimbabwe and outside now await the evidence of rigging of the
elections which Chamisa says he has got and is taking to the
Zimbabwean courts. He needs to provide compelling evidence; otherwise
many people will see his actions as bordering on ‘politricks’. The
long-suffering people of Zimbabwe want to go forward.”

The journalist colleague, who preferred not to be named, added:

“So many factors stood against Chamisa’s win. Just to imagine that the
army would take over power from Mugabe and then hand it over to
Chamisa for Mugabe to exercise power through his proxies is beyond me.
It’s a serious misreading, if not miscalculation, of Zimbabwe’s
complex political landscape.”

read more


Zimbabwe Army Chief Is Said to Demand: Who Ordered Crackdown? @business
Africa


Zimbabwe’s armed forces chief is demanding to know who ordered troops
last week to break up protests against the ruling party’s election
victory and why he wasn’t informed about the decision, according to
three senior government officials.

General Philip Valerio Sibanda asked for an explanation from
President-elect Emmerson Mnangagwa, his advisers and intelligence
chiefs of the events on Aug. 1 that left six people dead in the
capital, Harare, and raised questions about who controls the security
forces. No one shed light on what happened, according to the
officials, who have details of the Aug. 3 meeting but asked not to be
identified because they aren’t authorized to comment.

The military dramatically intervened in Zimbabwe’s political scene in
November when it briefly took control of the southern African nation
and prompted the ruling party to force long-time President Robert
Mugabe step down and replace him with Mnangagwa. The commander at the
time, Constantino Chiwenga, was appointed deputy president.

At the meeting with the president, Sibanda, a respected figure who
commanded a multinational peace-keeping force in Angola, also wanted
to know the identity of armed men dressed in ragtag uniforms that were
shown on social media beating people and riding in military vehicles.
He said publicly that no Zimbabwean soldier was ordered to fire on
unarmed civilians and no such directive would ever be given.

“We’re witnessing what are purported soldiers, but they’re not
soldiers, and we’re very busy investigating this,” Foreign Minister
Sibusiso Moyo, a retired general, said Tuesday by phone.

read more





Ethiopia's spring of hope and winter of despair
Africa


In one of the most famous opening lines in literature, Charles Dickens
wrote, in his famous novel A Tale of Two Cities,

It was the best of times, it was the worst of times, it was the age of
wisdom, it was the age of foolishness, it was the epoch of belief, it
was the epoch of incredulity, it was the season of Light, it was the
season of Darkness, it was the spring of hope, it was the winter of
despair, we had everything before us, we had nothing before us, we
were all going direct to Heaven, we were all going direct the other
way.

These are perhaps the lines that best capture the present conditions
that Ethiopia finds itself in. All at once, we seem to be having the
best of times and the worst of times, the season of light and that of
darkness. It appears as though Ethiopia is pulled by ‘the winter of
despair’ as it has embarked on a path of ‘the spring of hope’. It is
as though hope and despair are in fierce and violent wrestling for
outright victory or crushing defeat. As we march direct to heaven, the
path seem to turn direct the other way.

Without proactive and concerted effort for such peace initiative,
sustaining the momentous changes that the new PM initiated may prove
to be very difficult, if not impossible. This would spell disaster
that would turn the euphoria into a nightmare, the best of times into
the worst of times, the light into darkness and the hope into despair.

read more


SA warned Agoa eligibility under threat if land expropriation goes ahead @BusinessDay
Africa


SA could breach eligibility requirements of the African Growth and
Opportunity Act (Agoa) if the country proceeds with plans to implement
land appropriation without compensation, trade union Solidarity has
warned.

In terms of section 104 of the act, the sub-Saharan African countries
eligible for Agoa have to commit to protecting private property
rights. Agoa, which came into effect in May 2000, provides trade
preferences for quotas and duty-free entry to the US for certain
goods.

Solidarity deputy general secretary for metals and engineering Marius
Croucamp said the mooted policy changes on land expropriation
threatened thousands of jobs and hundreds of companies.

Initially approved for 15 years in 2015, the US government has
extended Agoa for another 10 years until September 2025.

ANC head of economic transformation Enoch Godongwana dismissed
Croucamp’s allegations that expropriation without compensation posed a
risk to private property rights.

"There is a distinction between expropriation of land without
compensation and property rights. It is not as if we are saying we are
going to expropriate every piece of land without compensation. We will
expropriate for specific pur-poses. For instance, if we need land for
housing, we will expropriate for that purpose. But we will not
expropriate in all circumstances," Godongwana said.

read more


South Africa All Share Bloomberg -3.02% 2018
Africa


Dollar versus Rand 6 Month Chart INO 13.2848

http://quotes.ino.com/charting/index.html?s=FOREX_USDZAR&v=d6&t=c&a=50&w=1

Nigeria All Share Bloomberg -4.99% 2018

http://www.bloomberg.com/quote/NGSEINDX:IND

Ghana Stock Exchange Composite Index Bloomberg +11.03% 2018

http://www.bloomberg.com/quote/GGSECI:IND

read more


Traders block TZ goods in Namanga border standoff
Africa


Business and transport was paralysed at Namanga border town for the
second day as Kenyans protested mistreatment by Tanzanian authorities
after several milk traders were arrested and placed in custody at
Tanzania last Saturday.

read more


"For us, Africa is definitely the place to be." @abinbev CEO Carlos Brito, who was visiting South Africa. @ReutersUK
Africa


“We’re very excited about Africa because we have experience in Latin
America and Asia. Some people look at Africa and see a lot of
volatility, uncertainty. We see opportunity,” said AB InBev CEO Carlos
Brito, who was visiting South Africa.

It has operations in 15 markets mainly in southern and east Africa,
but also Ghana and Nigeria in west Africa.

It announced plans in March to invest $100 million in a new 1 million
hectolitre per year brewery in Tanzania, where beer volumes jumped by
a fifth last year and its local unit Tanzania Breweries TBL.TZ already
runs four facilities. [uL8N1R25C4]

“We’re very excited about Africa because we have experience in Latin
America and Asia. Some people look at Africa and see a lot of
volatility, uncertainty. We see opportunity,” said AB InBev CEO Carlos
Brito, who was visiting South Africa.

“For us, Africa is definitely the place to be.”

read more


@IMFNews Staff Concludes Visit to Kenya
Africa


Kenya’s economy has continued to perform well, with real GDP growth
accelerating to 5.7 percent in the first quarter of 2018, from 4.9
percent in 2017.
Growth is being driven by strengthened confidence following the
conclusion of the prolonged election period, favorable weather
conditions, and a continued recovery in tourism.
Discussions focused on macroeconomic policies and structural reforms
aiming to ensure the sustainability of investment-driven, inclusive
growth.
A team from the International Monetary Fund (IMF), led by Benedict
Clements, visited Kenya from July 23 to August 2, 2018 to hold
discussions on the second review under a precautionary Stand-By
Arrangement (SBA).

On March 14, 2016, the Executive Board of the International Monetary
Fund (IMF) approved a SDR 709.259 million (about US$989.8 million, or
131 percent of Kenya’s quota) 24-month Stand-By Arrangement (SBA). The
first review of the SBA was completed on January 25, 2017 (see Press
Release 17/23). On March 12, 2018, the Executive Board of the
International Monetary Fund approved the Kenyan authorities’ request
for a 6-month extension of the SBA to September 14, 2018 to allow
additional time to complete the outstanding reviews (See Press Release
18/85).

At the end of the visit, Mr. Clements released the following statement:

“Kenya’s economy has continued to perform well, with real GDP growth
accelerating to 5.7 percent in the first quarter of 2018, from 4.9
percent in 2017. The acceleration of growth is being driven primarily
by strengthened confidence following the conclusion of the prolonged
election period, favorable weather conditions, and a continued
recovery in tourism. Inflation has remained within the authorities’
target range (5+/-2.5 percent) since July 2017 as better weather
conditions have brought down food inflation. Headline CPI growth was
4.3 percent y/y as of June 2018, while core inflation remained low at
3.6 percent y/y.

“Fiscal targets for FY2017/18 under the program were met. The budget
deficit for the fiscal year ending in June 2018 was KSh614.6 billion
(equivalent to 7.0 percent of GDP), within the target under the
program. This represents a significant tightening from the previous
year’s deficit of 9.0 percent of GDP. However, revenues significantly
underperformed, coming in 2.2 percent of GDP lower than program
targets. To meet the deficit target in this context, the authorities
rationalized expenditures.

“The current account deficit has started to adjust in 2018 after
widening to 6.7 percent of GDP in 2017 (from 5.2 percent in 2016). The
increase in the current account deficit was mainly driven by higher
food imports and weaker agricultural exports—due to the drought—and
higher fuel imports, with the latter owing to rising global oil
prices. The lower current account deficit so far in 2018 is due to
strong agriculture exports, rising transfer inflows, and lower capital
goods imports following the completion of the Mombasa-Nairobi phase of
the SGR project. Reflecting these favorable external developments, the
exchange rate has remained stable and foreign exchange reserves
currently stand at about US$8.8 billion (equal to 5.1 months of
projected imports for 2018) as of end-July 2018.

“The banking sector in aggregate remains well-capitalized and liquid.
However, the banking system’s non-performing loans remains high at 12
percent in June 2018, though declining in recent months. Higher
non-performing loans have been driven by weaker economic activity in
2017, and delayed payments from the government and private sector.

“Discussions focused on (i) fiscal policies to achieve the
authorities’ fiscal deficit target of 5.7 percent of GDP in FY2018/19;
(ii) interest rate controls; and (iii) structural reforms aiming to
ensure the sustainability of investment-driven, inclusive growth. The
authorities reiterated their commitment to macroeconomic policies that
would maintain public debt on a sustainable path, contain inflation
within the target range, and preserve external stability.

“Significant progress was made during the visit, and discussions will
continue in the coming weeks. The team thanks the authorities for
their hospitality and constructive discussions.”

The team met with the Cabinet Secretary for the National Treasury and
Planning, Mr. Henry Rotich; the Governor of the CBK, Dr. Patrick
Njoroge; the Principal Secretary for the National Treasury, Dr. Kamau
Thugge; the Deputy Governor of the CBK, Ms. Sheila M’Mbijjewe, and
senior government and CBK officials. Staff also had productive
discussions with representatives of the private sector and development
partners.

read more


.@NSE_PLC overseas shareholders owned 50.42 per cent as at the end of June compared to just 7.07 per cent by end of first half 2017 via @BD_Africa
Kenyan Economy


“The Capital Markets Authority master plan envisages investors selling
their shares to foreigners up to 100 per cent.
Whether it is a good or a bad thing is debatable. Obviously it is the
foreigners who have the money to buy and so they have been increasing
their stake,” said Mr Kihumba.

read more


@NSE_PLC share price data here
Kenyan Economy


Closing Price:           17.15
Total Shares Issued:          259503194.00
Market Capitalization:        4,450,479,777
EPS:             0.83
PE:                 20.663

Nairobi Securities Exchange PLC FY 2017 results through 31st December
2017 vs. 31st December 2016
FY Operating income 582.338m vs. 527.164m +10.466%
FY Interest income 98.569m vs. 94.766m +4.013%
FY Other income 76.125m vs. 95.255m -20.083%
FY Total income 757.032m vs. 717.185m +5.556%
FY Administrative expenses [500.170m] vs. [487.291m] +2.643%
FY Profit before taxation 269.186m vs. 233.115m +15.473%
FY Profit for the year 216.250m vs. 183.956m +17.555%
FY Total comprehensive income for the year 218.806m vs. 183.754m +19.076%
Basic and diluted EPS 0.83 vs. 0.71 +16.901%
Dividend per share 0.30 vs. 0.27 +11.111%
Total assets 2.108220b vs. 2.013745b +4.692%
Cash and cash equivalents at the end of the year 156.030m vs. 479.359m -67.450%

Company Commentary

improved Cost to Income Ratio of 66% from 68% in 2016
we intend to launch the derivatives market this year.

read more






 
 
N.S.E Today


Tesla's Elon Musk burned the Short-Sellers overnight. He tweeted [and
the SEC will surely be interrogating his Tweets]
''Am considering taking Tesla private at $420. Funding secured'' @elonmusk,
Simultaneously the Saudis announced a $2b stake.
I tweeted [tongue in cheek, of course]
Clever @elonmusk did you share a Teslaquilla? With the Crown Prince? @Tesla
The Rock has already informed us about the Crown Prince's penchant for Tequila.
The share price surged about 11% to $379.57.
The largest LBO was TXU at $48 billion.  If Elon succeeds with $TSLA
at $420 per share, that would equal $71 billion making it by far the
largest LBO in history.
“The market doesn’t believe him,” said David Kudla, the CEO of
Mainstay Capital Management, which is betting against Tesla. “His
credibility has come into question over a number of things. If this
were real, you’d expect the stock to go closer to $420 a share than it
has.”
Bitcoin tumbled below $6,500 for the first time since July.
Sterling sank below 1.2900.
Turkey continues to be on a Knife-edge, the currency is down around 30% YTD.
“For us, Africa is definitely the place to be.” said the @abinbev CEO
Carlos Brito, who was visiting South Africa. @ReutersUK
“We’re very excited about Africa because we have experience in Latin
America and Asia. Some people look at Africa and see a lot of
volatility, uncertainty. We see opportunity,” said AB InBev CEO Carlos
Brito, who was visiting South Africa.
The Nairobi All Share surged +1.508% to close at 173.58.
The NSE20 Index rallied +31.02 points to close at 3321.06.
Equity Turnover clocked 477.239m and would have been higher if Buyers
could find the supply.



N.S.E Equities - Agricultural


Williamson Tea firmed 4 shillings to close at 174.00 and has had quite
a run since announcing its FY Earnings and a handsome 20 shilling
Final Dividend.
Its sister Co. Kapchorua Tea also followed in its slipstream and
rallied +3.42% to close at 90.50.



N.S.E Equities - Commercial & Services


Safaricom rallied +1.7699% to close at 28.75 and traded 6.592m shares
in a belated celebration around the return of its CEO Bob Collymore
Esquire.



N.S.E Equities - Finance & Investment


KCB Group spiked +2.05% higher to close at 49.75 on heavy volume
action of 3.492m shares.
Housing Finance rose +1.265% to close at 8.00 and traded 1.753m shares.

We learnt from the Business Daily that overseas shareholders owned
50.42 per cent as at the end of June of the NSE PLC compared to just
7.07 per cent at the end of first half 2017. The NSE surged +4.373% to
close at 17.90 on odd lots with very little being sown on the sell
side.



N.S.E Equities - Industrial & Allied


Ab Inbev It announced plans in March to invest $100 million in a new 1
million hectolitre per year brewery in Tanzania, where beer volumes
jumped by a fifth last year [Reuters]. This spike in Beer consumption
in Magafuli's Tanzania was confirmed in the FY Results released by
EABL where Tanzania was an Outlier where FY Tanzania accelerated +41%
outperforming Kenya +1% and Uganda. EABL closed unchanged at 223.00
and traded 1,100 shares with Buyers showing for 126x the volume
traded.

KenGen
[which I had mentioned yesterday was egregiously oversold]
rallied +6.45% to close at 6.60 and the next Pit-Stop is 7.00.



--



by Aly Khan Satchu (www.rich.co.ke)
 
 
Login / Register
 

 
 
Forgot your password? Register Now
 
 
August 2018
 
 
 
 
 
COMMENTS

 
In order to post a comment we require you to be logged in after registering with us and create an online profile.