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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.
The Latest Daily PodCast can be found here on the Front Page of the site http://www.rich.co.ke
It was a pleasure catching up with Mr. Collymore. |
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Humans are barely a rounding error compared to the rest of life on Earth @SmithsonianMag Africa |
Humans Make Up Just 1/10,000 of Earth’s Biomass.
The human population on Earth is about 7.6 billion people (and counting). But according to a new global census of biomass, humans are barely a rounding error compared to the rest of life on Earth. As Seth Borenstein at The Associated Press reports, the biomass of humanity—measured by the dry-weight of carbon that makes up our bodies—is equivalent to just one ten-thousandth of all biomass on our planet.
Anyone who has walked through a jungle or wandered a grassland may already have guessed that humans are a pretty small part of Earth’s organic matter. The carbonaceous winners are plants, which make up about 80 percent of all biomass on Earth. Bacteria comes in second at 13 percent and fungus is third at just 2 percent.
Of the 550 gigatons of biomass carbon on Earth, animals make up about 2 gigatons, with insects comprising half of that and fish taking up another 0.7 gigatons. Everything else, including mammals, birds, nematodes and mollusks are roughly 0.3 gigatons, with humans weighing in at 0.06 gigatons. The research appears in The Proceedings of the National Academy of Sciences.
.@Fairouzna - Kifak Enta | Fairouz | فيروز - كيفك إنت https://bit.ly/2kwNLfe
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How Are You Africa |
Do you remember the last time I saw you that year Do you remember then the last word you said And I didn't see you after And now I see you How are you?
Do you remember the last night you stayed in our home Do you remember there was a person bothered by us That was my mother Worried about me From you
How are you? They're saying you now have children I swear I thought you were out of the country What do I want with the country? God bless the children How are you?
It comes to my mind Getting back together You are my right one Getting back together Me and you
Do you remember the last time what you told me Stay if you want, you can leave if you want I got upset at the time And didn't realize That you are you
You come to my mind Despite the children and people You are essential And fundamentally I love you I love you
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He is prone to unhinged @Twitter eruptions. He can't handle criticism @elonmusk @nytimes Law & Politics |
He is prone to unhinged Twitter eruptions. He can’t handle criticism. He scolds the news media for its purported dishonesty and threatens to create a Soviet-like apparatus to keep tabs on it. He suckers people to fork over cash in exchange for promises he hasn’t kept. He’s a billionaire whose business flirts with bankruptcy. He’s sold himself as an establishment-crushing iconoclast when he’s really little more than an unusually accomplished B.S. artist. His legions of devotees are fanatics and, let’s face it, a bit stupid.
I speak of Tesla chief executive Elon Musk, the Donald Trump of Silicon Valley.
Not long ago, a wise friend with an enviable Wall Street reputation wrote me to describe his astonishment with Tesla, calling it “a situation unlike anything I have ever seen.”
“The stock market valuation of a well-known company is stratospheric,” he said, “while at the same time its bonds are viewed as junk.”
“Meanwhile,” he added, Musk “plays to his audience with constant tweets of claims that go largely, repeatedly and visibly unfulfilled. And the S.E.C., which is supposed to prevent companies like this that raise money from the public on false pretenses, sits idly by.”
Strong words — too strong, if you ask the satisfied customers of Tesla’s Model S (base price, $74,500) and X ($79,500). But Tesla is supposed to be the auto manufacturer of the future, not a bauble maker for the rich.
The company has rarely turned a profit in its nearly 15-year existence. Senior executives are fleeing like it’s an exploding Pinto, and the company is in an ugly fight with the National Transportation Safety Board. It burns through cash at a rate of $7,430 a minute, according to Bloomberg. It has failed to meet production targets for its $35,000 Model 3, for which more than 400,000 people have already put down $1,000 deposits, and on which the company’s fortunes largely rest.
Also, the car is a lemon. Like the old borscht belt joke, the food is lousy and the portions are so small.
The brilliance is Musk’s Trump-like ability to get people to believe in him and his preposterous promises. Tesla without Musk would be Oz without the Wizard.
It’s about hubris and credulity — the hubris of the few to pretend they know the future and the credulity of the many to follow them there.
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28-MAY-2018 :: The choice of that moment is the greatest riddle of history @TheStarKenya Kenyan Economy |
Let me start with a quotation from Ryszard Kapucinski's Shah of Shahs P. 106
''It is authority that provokes revolution....This occurs when a feeling of impunity takes root among the elite: We are allowed anything, we can do anything. This is a delusion, but it rests on a certain rational foundation. For a while it does indeed look as if they can do whatever they want. Scandal after scandal and illegality after illegality go unpunished. The people remain silent...They are afraid and do not yet feel their own strength. At the same time, they keep a detailed account of the wrongs, which at one particular moment are to be added up. The choice of that moment is the greatest riddle of history''
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Kenyan regulator could force @SafaricomPLC to share agents' network @ReutersAfrica Kenyan Economy |
Kenya’s largest telecoms operator Safaricom could be forced to offer rivals access to its transmission sites and its vast network of mobile money outlets if a draft regulatory report on boosting competition in the sector is implemented.
The recommendations are contained in a draft report that the regulator, Communications Authority of Kenya (CA), is finalising, an official from the regulator told Reuters on Monday, declining to say when it would be published.
An earlier version of the report caused a selloff of Safaricom shares when it was leaked in February 2017. That version proposed separating its widely used mobile money business from its telecoms unit due to its dominant size.
Safaricom, which is 35 percent owned by South Africa’s Vodacom, controls 72 percent of Kenya’s mobile market, with close to 30 million subscribers.
The regulator dropped the recommendation to break up Safaricom after the company lobbied heavily against it but retained some proposals in the current draft that Safaricom has said could be damaging to its business.
The current draft of the report, seen by Reuters, says Safaricom should be required to offer access to its transmission sites to its competitors in designated areas where its rivals do not have adequate coverage.
It also calls for Safaricom to open up its mobile money agent network to its rivals, a proposal that has particularly irked the company as it would expose its lucrative M-Pesa mobile money platform to stiff competition. More than 26 million people in Kenya use M-Pesa, which allows people to send cash and make payments by phone.
Michael Joseph, a former Safaricom CEO who now sits on the company’s board, said the regulator’s proposals were “not the right way to go”.
“We do not deny that we are strong but we are strong because we have made the necessary investments to be strong and it would be unfair to criticise us or restrict us because we have made these investments,” he told Reuters, when asked about the proposals in the draft report.
Joseph said rivals had failed to invest in a network of agents, where users carry out services like cash withdrawal. “They want this agent network to be handed to them on a plate,” he said.
The regulator would consider the views of operators, including Safaricom, before publishing and implementing its recommendations on boosting competition in the sector, said the Communications Authority’s acting head of public affairs Christopher Wambua.
Safaricom this month criticised the regulator’s mooted proposals including those to control data and call prices.
Wambua declined to comment on the specific issues raised by Safaricom.
Safaricom’s rivals, India’s Bharti Airtel and Telkom Kenya, owned by London-based investment group Helios, have long demanded that the regulator act to curb Safaricom’s dominance.
Safaricom denies any allegations of abuse of dominance.
Telkom and Airtel Kenya are reportedly considering a merger in order to take on Safaricom’s might. (Reporting by Duncan Miriri Editing by Maggie Fick and Adrian Croft)
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.@KenyaAirways isn't holding "a sword and a gun" to its rivals, but is "here to push things forward in a positive manner," @MikoszSebastian added. Kenyan Economy |
Kenya Airways Plc could cozy up to rival South African Airways as the embattled companies seek to narrow the gap with the continent’s biggest carrier, Ethiopian Airlines Enterprise.
The Nairobi-based airline, sub-Saharan Africa’s third largest by passenger traffic, views a closer relationship with SAA, the No. 2, as a possibility amid turnaround efforts at the unprofitable operators, Chief Executive Officer Sebastian Mikosz said in an interview.
The continent’s traffic flows are also relatively small, accounting for just 2.4 percent of the global total last year, with the region’s 99.1 million passengers carried amounting to 30 million fewer than at European discount specialist Ryanair Holdings Plc alone.
“It’s a small market, so you’re better off talking to people rather than just fighting them,” Mikosz said.
Kenya Air’s financial performance is “improving,” but it’s too early to say that the carrier, 27 percent owned by Air France-KLM Group, is out of trouble, according to the CEO. “We’re still in a phase of healing ourselves,” he said. SAA didn’t immediately respond to calls and emails seeking comment.
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@StanChartKE reports Q1 2018 Earnings Kenyan Economy |
Par Value: 5/- Closing Price: 210.00 Total Shares Issued: 343510571.00 Market Capitalization: 72,137,219,910 EPS: 19.64 PE: 10.692
Standard Chartered Bank Kenya Ltd. Q1 2018 results through 31st March 2018 vs. 31st March 2017
Q1 Kenya government securities available for sale 112.074426b vs. 96.284760b +16.399% Q1 Loans and advances to customers (net) 113.847613b vs. 116.875407b -2.591% Q1 Customer deposits 231.986234b vs. 205.016693b +13.155% Q1 Net interest income/ [loss] 4.845317b vs. 4.635549b +4.525% Q1 Total operating income 7.108961b vs. 6.760968b +5.147% Q1 Loan loss provision [1.065080b] vs. [0.772332b] +37.904% Q1 Total other operating expenses [4.336600b] vs. [3.756733b] +15.435 Q1 Profit/ [Loss] before tax and exceptional items 2.772361b vs. 3.004235b -7.718% Q1 Profit/ [Loss] after tax and exceptional items 1.837000b vs. 2.053076b -10.525% EPS 5.23 vs. 5.98 -12.542% Net NPL and advances 11.361861b vs. 10.460817b +8.614%
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