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Satchu's Rich Wrap-Up
 
 
Monday 05th of March 2018
 
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Africa

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Macro Thoughts

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Hear a Great Radio Documentary on William S. Burroughs Narrated by Iggy Pop via @openculture
Africa


William S. Burroughs is one of the most mythologized American authors
of the 20th century. When you recall the details of his life, they
read like the biography of a fictional character. He was an unabashed
heroin addict yet he dressed like a dapper insurance salesman. He was
openly, militantly gay at a time when homosexuality wasn’t even
mentioned in polite society. He shot his wife, Joan Vollmer, in Mexico
City while playing an ill-conceived game of William Tell and then
spent years in Tangiers indulging in every possible vice while writing
Naked Lunch, which happened to be one of the most controversial books
of the century. And his writing influenced just about everyone you
consider cool.

“Desperation is the raw material of drastic change. Only those who can
leave behind everything they have ever believed in can hope to escape.
” ― William S. Burroughs

read more




Animal Farm: George Orwell
Africa


“No one believes more firmly than Comrade Napoleon that all animals
are equal. He would be only too happy to let you make your decisions
for yourselves. But sometimes you might make the wrong decisions,
comrades, and then where should we be?” ― George Orwell, Animal Farm

“they had come to a time when no one dared speak his mind, when
fierce, growling dogs roamed everywhere, and when you had to watch
your comrades torn to pieces after confessing to shocking crimes.” ―
George Orwell, Animal Farm

“If liberty means anything at all it means the right to tell people
what they do not want to hear.” ― George Orwell, Animal Farm

read more




14-NOV-2016 "This is the deflagration of an epoch. It's the apocalypse of this information system" @beppe_grillo @Mov5Stelle
Africa


“ This is the deflagration of an epoch. It’s the apocalypse of this
information system, of the TVs, of the big newspapers, of the
intellectuals, of the journalists.”

And this is another important point, traditional media has lost its
position of control. It’s been upended by the internet which allowed
insurgent politics to broadcast over the top.

read more


The front lines in these new conflicts often follow boundaries that divide clans or castes, not countries
Law & Politics


The front lines in these new conflicts often follow boundaries that
divide clans or castes, not countries. They lie along frontiers
between ethnic or sectarian communities, even those dividing, for
example, pastoralists from herders or the landed from the landless,
from those who speak one dialect or language from neighbours who speak
another. These frontlines are not difficult to trace, on the map or on
the ground.

read more


Top takes from China's NPC: GDP target 'about 6.5%', deficit target 2.6%, Defense spending +8.1% #NPC #China #TicTocNews @TomMackenzieTV
Law & Politics


Top takes from China's NPC: GDP target 'about 6.5%', deficit target
2.6%, potentially v. significant pledge to cut tariffs on autos &
consumer goods, open telecom, healthcare, NEV sectors. Defense
spending +8.1% #NPC #China #TicTocNews

read more



05-MAR-2018 :: Xi Jinping President for Life @TheStarKenya
Law & Politics


Xinhua pronounced this historical announcement; the Central Committee
of the CCCP “proposed to remove the expression that ‘the president and
vice-president of the People’s Republic of China shall serve no more
than two consecutive terms’ from the country’s constitution.”

In one fell swoop, President Xi Jinping was President for Life as this
will surely be confirmed at the National People’s Congress session in
Beijing.

The New Yorker Magazine wrote

''Last year, during several trips in which I travelled across China by
train, two things in particular caught my attention. First, the red
hammer and sickle—Second, the only image I saw more frequently—in
elementary-school classrooms, in airports and shopping malls, on
billboards on highways and in rice paddies—was the face of President
Xi Jinping. Each image was identical: the country’s supreme leader,
with raven-black hair and a face fastidiously airbrushed to erase any
hint of human blemish, smiling calmly, against a sky-blue background:
an unimpeachable deity in an officially atheist state''

It is difficult to measure Push-Back but The China Digital Times,
reported a list of terms excised from Chinese websites by government
censors includes the letter 'N', Orwell's novels Animal Farm and 1984,
and the phrase 'Xi Zedong'.  Search terms blocked on Sino Weibo,
include “disagree”, “personality cult”, “lifelong”, “immortality”,
“emigrate”, and “shameless”. Even Winnie the Pooh recently found
himself subject to China’s latest internet crackdown. In July,
references to the cartoon bear on Sina Weibo were removed after his
image was compared to President Xi. Dissent is measured and snuffed
out very quickly in China. China has unveiled a Digital Panopticon in
Xinjiang where a combination of data from video surveillance, face and
license plate recognition, mobile device locations, and official
records to identify targets for detention [CDT]. Xinjiang is surely a
Precursor for how the CCCP will manage dissent.  The actions in
Xinjiang are part of the regional authorities’ ongoing “Strike-Hard”
campaign, and of President Xi’s “stability maintenance” and “enduring
peace” drive in the region. Authorities say the campaign targets
“terrorist elements,” but it is in practice far broader, and
encompasses anyone suspected of political disloyalty,

Xi Jinping has set out his stall. He is deploying ''sharp Power''
rather than ''soft Power'' I appreciate that the USS Carl Vinsson is
sailing around the South China Sea but make no mistake, China has
elbowed everyone aside in that Sea and is now accelerating its
position in the Indian Ocean.

"It seems that we are in the middle of a base race across the Indian
Ocean," David Brewster, senior research fellow at at the Australian
National University, wrote in a February note published on think tank
The Lowy Institute. "Watch this space."

The Indian Ocean, which borders Africa, the Middle East, Asia and
Australia, is home to major sea lanes and choke points that are
crucial to global trade. Nearly 40 percent of the world's offshore
petroleum is produced in the Indian Ocean, which also has rich mineral
deposits and fisheries. From Sri Lanka's Hambantota Port[which China
has snaffled up for 99 years], to Gwadar Port in Pakistan's
Baloochistan to Djibouti to the Maldives and surely soon somewhere in
East Africa, China is growing its ''geopolitical'' footprint.
President Obama's Pivot to Asia which has metasized into the QUAD [US,
Japan, India and Australia] and was intended to contain to China is
being bust wide open. Xi Jinping is making a Pygmy of India's Prime
Minister Narendra Modi, who is surrounded on all sides.

Pepe Escobar [Asia Times] says ''Xi has all but announced his major
moves. The Chinese Dream – or China as a stable, middle-income nation.
BRI as a connectivity vector integrating not only Eurasia but also
Africa and Latin America. The increasing influence of the Asian
Infrastructure Investment Bank as well as the Shanghai Cooperation
Organisation'' I wrote last year that Xi Jinping’s One Belt One Road
[OBOR] program binds the world to Beijing because all the roads and
railways have but one destination and that is China.

It was not very long ago that the US was pronounced a Hyper Power, a
Colossus that bestrode the World unchallenged. Fast Forward and You
will note that Xi Jinping and his able Wing-Man Vladimir Putin have
chipped away at the foundations of the HyperPower.

read more


Each image was identical: the country's supreme leader smiling calmly, against a sky-blue background: an unimpeachable deity in an officially atheist state
Law & Politics


Each image was identical: the country’s supreme leader, with
raven-black hair and a face fastidiously airbrushed to erase any hint
of human blemish, smiling calmly, against a sky-blue background: an
unimpeachable deity in an officially atheist state.

Last year, during several trips in which I travelled across China by
train, two things in particular caught my attention. First, the red
hammer and sickle—the universal symbol of the Communist Party—seemed
to be proliferating on posters in cities, towns, and villages with the
kind of vigor that I hadn’t seen since my childhood, growing up in an
army hospital in Chongqing. Second, the only image I saw more
frequently—in elementary-school classrooms, in airports and shopping
malls, on billboards on highways and in rice paddies—was the face of
President Xi Jinping. Each image was identical: the country’s supreme
leader, with raven-black hair and a face fastidiously airbrushed to
erase any hint of human blemish, smiling calmly, against a sky-blue
background: an unimpeachable deity in an officially atheist state.

The announcement, made last Sunday, that the Party is proposing to
abolish term limits for the Presidency further confirms the notion
that Xi aims to be something other than just another leader in a
parade of apparatchiks. In October, when he presided over the
nineteenth Communist Party Congress, where his doctrines were
enshrined in the constitution, I wrote that Xi’s status licensed him
to “play an almost imperial role in shaping the fate of the nation.”
Shortly after the term-limits announcement, a widely shared image of
China’s last Emperor, Pu Yi, with the caption “Emperor calls: ‘Is my
Qing Dynasty returning?,’ ” was banned on WeChat, China’s most popular
messaging app.

read more


China bans George Orwell's Animal Farm and letter 'N' as censors bolster Xi Jinping's plan to keep power indefinitely @Independent
Law & Politics


The China Digital Times, a California-based site covering China,
reports a list of terms excised from Chinese websites by government
censors includes the letter 'N', Orwell's novels Animal Farm and 1984,
and the phrase 'Xi Zedong'.

Search terms blocked on Sino Weibo, a microblogging site which is
China’s equivalent of Twitter, include “disagree”, “personality cult”,
“lifelong”, “immortality”, “emigrate”, and “shameless”.

It was not immediately obvious why the ostensibly harmless letter ‘N’
had been banned, but some speculated it may either be being used or
interpreted as a sign of dissent.

Facebook, Twitter and YouTube have long been blocked in the country
and even Winnie the Pooh recently found himself subject to China’s
latest internet crackdown.

In July, references to the cartoon bear on Sina Weibo were removed
after his image was compared to President Xi.

read more


Chinese authorities' combination of data from video surveillance, face and license plate recognition, mobile device locations, and official records to identify targets for detention @CDT
Law & Politics


These actions are part of the regional authorities’ ongoing
“Strike-Hard” campaign, and of President Xi’s “stability maintenance”
and “enduring peace” drive in the region. Authorities say the campaign
targets “terrorist elements,” but it is in practice far broader, and
encompasses anyone suspected of political disloyalty,

read more






"Youthquake", defined as "a significant cultural, political, or social change arising from the actions or influence of young people"
Law & Politics


“Youthquake”, defined as “a significant cultural, political, or social
change arising from the actions or influence of young people”, has
been selected by Oxford Dictionaries as the 2017 word of the year.

read more




Currency Markets at a Glance WSJ
World Currencies


Euro 1.2318
Dollar Index 90.01
Japan Yen 105.57
Swiss Franc 0.9363
Pound 1.3790
Aussie 0.7752
India Rupee 65.025
South Korea Won 1081.26
Brazil Real 3.2528
Egypt Pound 17.6323
South Africa Rand 11.9751

read more






Crude Oil Chart INO 61.51
Commodities


Emerging Markets

Frontier Markets

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Good discussions with No 10 officials on prospects for #Zimbabwe. It's been a busy and productive week. Now on my way back. @CatrionaLaing1
Africa


@edmnangagwa Replying to @CatrionaLaing1 And Zimbabwe’s prospects
are as bright and positive as your wonderful scarf 🧣 🇿🇼 We look
forward to working together in this new era

https://twitter.com/edmnangagwa/status/970193393832939520

read more


@CatrionaLaing1 Replying to @edmnangagwa I agree, Zimbabwe's prospects are much brighter than for many years
Africa


I agree, Zimbabwe’s prospects are much  brighter than for many years,
but ultimately a full revival will depend on meeting your commitments
to free and fair elections, rule of law, human rights, respect for the
constitution, and economic renewal.

read more


Dispute over Ethiopia emergency rule vote after footage posted online
Africa


On Friday, the House of People’s Representatives held an emergency
session on state of emergency legislation imposed on Feb. 16, a day
after Prime Minister Hailemariam Desalegn’s surprise resignation.

The state-run Ethiopian News Agency said on Friday that 395 lawmakers
voted in favour of the bill, putting the government comfortably within
the two-thirds majority needed to validate the state of emergency,
which bans demonstrations and restricts publications that could incite
violence.

But footage made public by the privately-owned Addis Standard news
website showed parliamentary speaker Abadula Gemeda stating at the end
of the session that 346 parliamentarians had voted in favour.

Abadula also appeared to have made a mathematical mistake, saying 339
was the required two-thirds of 539 seats.

read more


China Is Turning Ethiopia Into a Giant Fast-Fashion Factory
Africa


The project is Beijing’s big experiment in outsourcing, and a $10
billion shot in the arm for the African nation—if there isn’t a civil
war first.

read more






South Africa All Share Bloomberg -2.96% 2018
Africa


Dollar versus Rand 6 Month Chart INO 11.9751

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

Dive into Egypt - where it all began - with carry-trade,
inflation, interest rates, etc as Eurobond pushes Egypt’s FX Reserves
north of $42bn @BBoason

https://twitter.com/BBoason/status/970541289967177729

Egypt Pound versus The Dollar 3 Month Chart INO 17.6323

http://quotes.ino.com/charting/index.html?s=FOREX_USDEGP&v=d3&t=c&a=50&w=1

read more



Nigeria All Share Bloomberg +12.11% 2018
Africa


Ghana Stock Exchange Composite Index Bloomberg +28.31% 2018

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

Nkwichi is a slice of paradise on the shore of Lake Malawi.

http://bit.ly/2oMFB3O

15 Aug 2016 The water is so fresh Lake Malawi

https://twitter.com/alykhansatchu/status/765207055892447233

read more


Stanbic Bank Kenya @StanbicKE reports FY 2017 EPS -2.504% Earnings here
Kenyan Economy


Par Value:                  5/-
Closing Price:           83.00
Total Shares Issued:          395321638.00
Market Capitalization:        32,811,695,954
EPS:             10.90
PE:                 7.614

The Kenyan Banc assurance model includes CFC Bank, CFC Financial
Services and Heritage Assurance.

Stanbic Holdings Plc FY 2017 results through 31st December 2017 vs.
31st December 2016

FY Financial investments 71.329763b vs. 50.032732b +42.566%
FY Loans and advances to banks and customers 143.279444b vs. 132.576604b +8.073%
FY Total assets 248.738719b vs. 214.682729b +15.863%
FY Deposits from banks and customers 193.367907b vs. 155.835043b +24.085%
FY Total Equity 42.955687b vs. 40.140874b +7.012%
FY Net interest income 10.644281b vs. 10.860047b -1.987%
FY Non-interest revenue 8.420108b vs. 7.657311b +9.962%
FY Total income 19.064389b vs. 18.517358b +2.954%
FY Credit impairment charges [2.761325b] vs. [1.751812b] +57.627%
FY Income after impairment charges 16.303064b vs. 16.765546b -2.759%
FY Total operating expenses [10.901816b] vs. [10.716460b] +1.730%
FY PBT 5.401248b vs. 6.049086b -10.710%
FY Profit for the year 4.309494b vs. 4.418589b -2.469%
Basic and Diluted EPS 10.90 vs. 11.18 -2.504%
Dividend per share 5.25 vs. 5.25
Cash and cash equivalents at 31st December 25.856454b vs. 24.986005b +3.484%

Conclusions


They expanded the Customer Loan Book +8.073%
These were resilient Earnings.
Look at the surge in Customer deposits +24.085%

read more


Africa's first geothermal power plant, @KenGenKenya Olkaria, 70 miles from Kenyan capital Nairobi @GettyImages @Independent
Kenyan Economy


KenGen is in the process of building a new 140-megawatt plant,
financed by a $400m loan from Jica, Japan’s development agency, that
is expected to start running by 2018.

read more


@KenGenKenya share price data here +3.508% 2018
Kenyan Economy


Par Value:                  2.50/-
Closing Price:           8.85
Total Shares Issued:          6243873667.00
Market Capitalization:        55,258,281,953
EPS:             1.37
PE:                 6.460

read more





The inflation rate for the month of February declined to a four-year low of 4.5%, from 4.8% in January #CytonnReport
Kenyan Economy


The inflation rate for the month of February declined to a four-year
low of 4.5%, from 4.8% in January. The y/y inflation rate declined as
a result of a base effect but m/m inflation rose due to a 2.2%
increase in the food basket. #CytonnReport

read more



Tests commissioned by the Nation show that the ready-to-eat chicken is contaminated with bacteria such as E.coli, salmonella, staphylococcus, enterobacteriaceae and coliform.
Kenyan Economy


It also tested positive for sodium metabisulphite, a preservative that
scientists have said causes cancer if consumed in large amounts.

read more




 
 
N.S.E Today


The Italian Elections have arrived at a ''hung'' Parliament outcome
whilst the Pendulum swung right.
The Populist @Mov5Stelle was the most popular Party.
Beppe Grillo of the 5 Star Movement has previously said;
“ This is the deflagration of an epoch. It’s the apocalypse of this
information system, of the TVs, of the big newspapers, of the
intellectuals, of the journalists.”
The Euro traded as low as 1.2268 before recovering to trade 1.2325 Last.
President Trump's foray into a Tariff War has unsettled markets.
Trump said he would impose tariffs of 25 percent on imported steel and
10 percent on aluminum for “a long period of time”
Kenya's private sector recovery continues to gather pace - @StanbicKE
Purchasing Managers Index (measure of private sector activity) at
22-month high of 54.7
The Nairobi All Share edged -0.35 points lower to close at 180.91
The Nairobi NSE20 Index retreated -29.21 points to close at 3726.74.
Equity turnover clocked 953.412m.



N.S.E Equities - Agricultural


Sasini Tea and Coffee took a big hit and closed -7.407% lower at 25.00
and traded 61,100 shares.



N.S.E Equities - Commercial & Services


Safaricom closed unchanged at 29.25 and traded 4.359m shares.
Safaricom is +9.345% in 2018.

Nation Media Group retreated -3.846% to close at a Fresh 2018 Low of
100.00. NMG traded 161,500 shares. NMG is -13.793% in 2018.



N.S.E Equities - Finance & Investment


StanBic Bank Kenya reported FY 2017 Earnings where Full Year Profit
before Tax declined -10.71% to clock 5.4012b, FY PAT declined -2.469%
to 4.309b, FY EPS was 10.90 -2.504% and the dividend Pay Out was
maintained at 5.25 a share. Stanbic accelerated its Customer Loan Book
+8.073% [which is above the expected Trend] surged its Customer
Deposits +24.085%. These were resilient earnings. Excluding loan loss
provisions, operating income increased by +19.6%. Interestingly, the
Auditors PWC citeD Stanbic Holdings' failure to disclose all details
in the lender's 2017 summary financial statements and Directors'
Remuneration report as required by law. Stanbic Kenya eased -1.13% to
close at 83.00 and traded 9,800 shares. StanBic is +2.469% in 2018.

Equity Bank rallied +2.173% to close at a 2018 high of 47.00 and
traded 3.576m shares worth 168.676m. Equity is +18.23% in 2018.
KCB Group firmed +0.52% to close at a 2018 high of 48.00 and traded
352,500 shares. KCB is +12.28% in 2018.

National Bank corrected -8.79% lower to close at 8.30 traded 62,400 shares.



N.S.E Equities - Industrial & Allied


KenolKobil
traded 31.909m shares worth 520.253m and closed at 16.30
-1.21%. There has been a noteworthy spike in volumes of late.
KenolKobil is +16.42% in 2018.

KenGen closed unchanged at 8.50 and traded 259,200 shares. The UK
Independent featured KenGen and its Geothermal Charge in its Edition
today confirming KenGen is gaining international mindshare.

Transcentury
issued a Full Year Profits Warning. Transcentury did not
trade and therefore remains -5.00% YTD.

--



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