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Expert Board All you need re an Individual stock.
The Latest Daily PodCast can be found here on the Front Page of the site
But, as everywhere, the chance to listen without hearing ourselves in the background is melting away. @NewYorker
Tracking when and where narwhals make such sounds will help
researchers understand how the animals’ behavior is altered by climate
change and the growing presence of humans in the Arctic. For the
moment, the opportunities for recording the sounds of narwhals are
rich. Ship traffic hasn’t yet flooded the Arctic with underwater
noise, and undersea drilling and blasting is still rare there; both
can mask the sounds of narwhals and other cetaceans and scare off the
animals altogether. But, as everywhere, the chance to listen without
hearing ourselves in the background is melting away.
The Strange, Fading Call of the Narwhal @NewYorker
Among the many splendid creatures certain to be affected by a warming
climate is the narwhal, the unicorn of the sea. The narwhal, a pale,
porpoise-like resident of Arctic waters, and a close relative of the
beluga whale, takes its name from the Old Norse word nahvalr, or
“corpse-whale,” for its resemblance to the bodies of dead sailors. It
is best known for the long horn—in fact a tooth, one of just two in
the animal’s head—that extends through its upper lip. Last year,
scientists discovered that narwhals use the tusk, a sensory tool
loaded with nerve endings, to whack and stun fish before eating them.
A new paper this week in the open-access journal plos one offers a far
richer narrative. The scientists, led by Susanna Blackwell of
Greeneridge Sciences, an acoustics-research firm, managed to tag six
narwhals—five females and one male—with mikes that remained on the
animals for nearly a week. From each narwhal, they gathered several
continuous days of audio, more than five hundred hours altogether. The
animals were also fitted with G.P.S. trackers, so their vocalizations,
which were virtually non-stop, could be precisely collated with their
location and depth. The net result was an intimate sonic document of
the life of the narwhal.
The third kind of sound—calling—is probably how narwhals speak to one
another, and involves an entertaining array of whistles, clicks, and
sonic pulses. The researchers caught a female named Frida calling on
what sounds like a toy trumpet. Sometimes a narwhal’s mike picked up
the sound of several of its colleagues calling at once, in what the
authors refer to as a “conference.” These vocalizations were typically
made closer to the surface, half of them from no more than twenty feet
"WE WERE SO FAR AHEAD OF THE CURVE": WATCHING THE WORLD CHANGE FROM INSIDE THE @barackobama @WhiteHouse @VanityFair
Law & Politics
“In 2008,” he said, referring to our communications strategy, “We were
so far ahead of the curve. Governing is harder than campaigning, but
for most of our time here, we have at least kept pace with the change.
Lately, it feels like we have fallen behind.”
The Democratic communications advantage that the Obama campaign built
in 2008, and built upon in 2012, was gone. The ground had shifted
under our feet. The media environment had changed and it had changed
in ways that benefited the outrage-fueled messaging of the right wing.
If I had better understood how dramatic this change was, I wouldn’t
have been so sure that Trump was going to lose in 2016.
The news cycle was dead; long live the content monster.
As with most things, the Internet is to blame for this. First, the
news cycle is dead in the eyes of the consumers; they want news
immediately on demand.
When the moderator asked them where they’d learned this information,
the answer was almost always the same: Facebook. It was the perfect
petri dish for a fungus like Trumpism to grow. Trump understood that
there were no rules and referees and that a good story was much more
valuable than an accurate one. Trump’s main media experiences are the
absurdity of reality television and the no-holds-barred world of New
York tabloid journalism. Sadly, these were the perfect experiences to
compete for president in 2016.
In hindsight, it seems obvious that Trump would thrive in this environment.
The hints were there all along. After that meeting in 2014, Obama sent
me to Silicon Valley and New York to pick the brains of the smartest
people in tech and media to better understand the current state of
affairs and where things might be going. I went to Google, Twitter,
YouTube, LinkedIn, and everywhere in between. The gravity of the
challenge before us came in a meeting in Silicon Valley, when I
explained the difficulty in getting our message out in the fragmented
media environment, and one of the executives from a Silicon Valley
giant responded: “We have been wondering the same thing and hoped you
had some good ideas.”
@chedetofficial Mahathir Mohamad, Leading Malaysia Again at 92, Is on a Mission @nytimes
Law & Politics
Prime Minister Mahathir Mohamad and his aides first entered the
Malaysian government offices last month to find an alarming sight:
oversize garbage bags filled with shredded documents, a snowstorm of
loose papers on the floor, even half-consumed food left by former
occupants in a hurry to get out.
At the Finance Ministry down the street, Lim Guan Eng, Malaysia’s new
finance minister, found computers in which even the highest-ranking
bureaucrats were locked out of certain accounts. In some cases, vital
files were accessible only to a single person: Najib Razak, the
nation’s scandal-tainted former prime minister, who had also served as
Evidence of financial malfeasance by Mr. Najib and his cronies helped
Mr. Mahathir’s opposition alliance win national elections on May 9,
unseating a political force that had governed Malaysia since it gained
independence in 1957. But the euphoria surrounding a historic
democratic transition has given way to a more sobering reality.
Even without piecing together a single shredded document, Mr.
Mahathir, who previously served as prime minister from 1981 to 2003,
has discovered that the country is in far worse financial shape than
he and his allies had feared. The national debt, tallied at $170
billion by Mr. Najib’s administration, has been reassessed, along with
other government liabilities, at $250 billion. That is 80 percent of
Malaysia’s gross domestic product.
But the claims of theft from national coffers extend beyond 1MDB to
encompass an astonishing array of government-funded initiatives, from
a rural development program and a plan for religious pilgrims to a
provident fund and a coal mine in Mongolia.
“All have been raped by the previous government,” said Mr. Mahathir,
who defected from the governing alliance two years ago. “They have
taken money. Now they have lost the money.”
Mr. Lim, an accountant and former banking executive, was equally
direct. “They were just robbing the country blind,” he said. “I’m
having nightmares practically every day, wondering what land mines
will I tread on the following day.”
If Mr. Mahathir’s Alliance of Hope had not scored its surprise victory
in the elections last month, Mr. Lim said, “the nation would have
become a basket case.”
He added, “We would be at a terminal stage.”
“I think it’s Mahathir version 2.0,” Mr. Lim said of his new boss. “I
think it’s very different from the version 1.0 we saw when he first
became prime minister. He’s more reformist.”
He is also a man in a hurry. Mr. Mahathir is unquestionably Malaysia’s
most charismatic and popular politician, but he will turn 93 next
month. Mr. Mahathir has committed to eventually handing power to Anwar
Ibrahim, the longtime leader of the opposition who was in prison
during the recent elections.
“He’s a man with a mission, driven by the need to get things done in
the shortest possible time,” Mr. Lim said. “He’s moving at a frenetic
“We have asked so many people to resign we are left with a skeleton,”
Mr. Mahathir said.
“It is obvious that he has stolen money,” Mr. Mahathir said,
indicating that his government had already accumulated “enough
evidence” to have Mr. Najib and his wife, Rosmah Mansor, put on trial.
The two have been barred from leaving the country.
“It’s not a question of seeking revenge,” Mr. Mahathir said. “It is
just the application of the rule of law.”
“I have no plans to go and see him,” Mr. Mahathir said of Mr. Trump,
whom he called “volatile.” “I don’t know how I can deal with a person
who is so much like a chameleon.”
북한 조선중앙TV '북미 정상회담 40분 기록영화' 전체보기 (풀영상) / SBS Ri Chun Hee
"Whoever attains maritime supremacy in the Indian Ocean would be a prominent player on the international scene." (US Navy Geostrategist Rear Admiral Alfred Thayus Mahan (1840-1914)
Law & Politics
The Yemeni archipelago of Socotra in the Indian Ocean is located some
80 kilometres off the Horn of Africa and 380 kilometres South of the
Yemeni coastline. The islands of Socotra are a wildlife reserve
recognized by (UNESCO), as a World Natural Heritage Site.
Socotra is at the crossroads of the strategic naval waterways of the
Red Sea and the Gulf of Aden (See map below). It is of crucial
importance to the US military.
Among Washington’s strategic objectives is the militarization of major
sea ways. This strategic waterway links the Mediterranean to South
Asia and the Far East, through the Suez Canal, the Red Sea and the
Gulf of Aden.
It is a major transit route for oil tankers. A large share of China’s
industrial exports to Western Europe transits through this strategic
waterway. Maritime trade from East and Southern Africa to Western
Europe also transits within proximity of Socotra (Suqutra), through
the Gulf of Aden and the Red Sea. (see map below). A military base in
Socotra could be used to oversee the movement of vessels including war
ships in an out of the Gulf of Aden.
“The [Indian] Ocean is a major sea lane connecting the Middle East,
East Asia and Africa with Europe and the Americas. It has four crucial
access waterways facilitating international maritime trade, that is
the Suez Canal in Egypt, Bab-el-Mandeb (bordering Djibouti and Yemen),
Straits of Hormuz (bordering Iran and Oman), and Straits of Malacca
(bordering Indonesia and Malaysia). These ‘chokepoints’ are critical
to world oil trade as huge amounts of oil pass through them.” (Amjed
Jaaved, A new hot-spot of rivalry, Pakistan Observer, July 1, 2009)
From a military standpoint, the Socotra archipelago is at a strategic
maritime crossroads. Morever, the archipelago extends over a
relatively large maritime area at the Eastern exit of the Gulf of
Aden, from the island of Abd al Kuri, to the main island of Socotra.
(See map 1 above and 2b below) This maritime area of international
transit lies in Yemeni territorial waters. The objective of the US is
to police the entire Gulf of Aden seaway from the Yemeni to Somalian
The establishment of an air force base on the island of Socotra was
described by the US media as part of the “Global war on Terrorism”:
“Among the new programs, Saleh and Petraeus agreed to allow the use of
American aircraft, perhaps drones, as well as “seaborne missiles”–as
long as the operations have prior approval from the Yemenis, according
to a senior Yemeni official who requested anonymity when speaking
about sensitive subjects. U.S. officials say the island of Socotra,
200 miles off the Yemeni coast, will be beefed up from a small
airstrip [under the jurisdiction of the Yemeni military] to a full
base in order to support the larger aid program as well as battle
Somali pirates. Petraeus is also trying to provide the Yemeni forces
with basic equipment such as up-armored Humvees and possibly more
helicopters.” (Newsweek, Newsweek, January 18, 2010, emphasis added)
The establishment of a US military base in Socotra is part of the
broader process of militarization of the Indian Ocean. The latter
consists in integrating and linking Socotra into an existing structure
as well as reinforcing the key role played by the Diego Garcia
military base in the Chagos archipelago.
The US Navy’s geostrategist Rear Admiral Alfred T. Mahan had
intimated, prior to First World War, that “whoever attains maritime
supremacy in the Indian Ocean [will] be a prominent player on the
international scene.”.(Indian Ocean and our Security).
What was at stake in Rear Admiral Mahan’s writings was the strategic
control by the US of major Ocean sea ways and of the Indian Ocean in
particular: “This ocean is the key to the seven seas in the
twenty-first century; the destiny of the world will be decided in
U.S. oil slumps as China threatens duty on U.S. crude imports @Reuters
U.S. West Texas Intermediate (WTI) crude futures CLc1 touched their
lowest level since April, falling to $63.59 per barrel before edging
back to $63.83 a barrel by 0426 GMT.
That was still down $1.23, or 1.9 percent, from their last settlement.
“Crude oil prices crashed as U.S.-China trade tensions escalated last
Friday,” wrote Benjamin Lu of Singapore-based futures brokerage
In an escalating spat over the American trade deficit with most of its
major trading partners, including China, U.S. President Donald Trump
last week pushed ahead with hefty tariffs on $50 billion of Chinese
imports, starting on July 6.
China on Friday said it would retaliate by slapping duties on American
export products, including crude oil.
“Beijing has retaliated ... with its position as a top importer from
the U.S.,” Lu said.
“These punitive measures on bilateral trade have unnerved investors as
it hurts global economic growth.”
International oil prices also fell, with Brent crude futures LCOc1
down 76 cents, or 1.1 percent, at $72.67 per barrel.
Congo's Kabila chases an unconstitutional, unpopular re-election @TheEconomist
If Mr Kabila runs, can he win? The president is fiercely unpopular. In
most of Congo it is near impossible to find anyone who will say a good
word about him. Polling by the Congo Research Group at New York
University shows that only 17% of the population would vote for the
ruling party (which is not yet entirely united behind its leader). But
the election could be rigged or bought. The leading opposition
candidate, Moïse Katumbi, a wealthy former governor and one-time ally
of Mr Kabila, held a huge rally in Kinshasa on June 9th. Mr Katumbi,
in exile since 2016, appeared by video link. Whether he teams up with
Mr Bemba is far from clear. By excluding candidates and dividing the
opposition, Mr Kabila could sneak through under the
first-past-the-post system without having to steal too many votes.
If he did so, most Western diplomats would accept his victory. They
value stability above all. Most Congolese, however, would not be
thrilled by the prospect of more of the same. Some 13m people require
urgent humanitarian assistance, according to the UN. In a country of
lush, fertile forests, over 2m children are close to starving. A third
term for a useless president would not help it change course.
Highlights From Budgets of Five East African Economies in Charts
Finance ministers in five East African countries presented their
spending plans for the fiscal year that starts July 1 on Thursday.
These are some of the highlights in the budget speeches from economies
in the continent’s fastest-growing region.
Kenya plans to repeal a law that caps commercial interest rates, after
it crimped lending by banks in East Africa’s biggest economy, Treasury
Secretary Henry Rotich told lawmakers in Nairobi. The measure,
introduced in August 2016, exacerbated a slowdown in credit growth to
the private sector. While the government aims to increase spending
next year, it has abandoned plans to raise personal income tax and
capital-gains tax to boost revenue.
Mauritius forecasts its fiscal gap will narrow over the coming years
Uganda's finance ministry aims to reduce borrowing after 2019-20
Tanzania has collected 69% of its target revenue in the fiscal year to June 30
Source: 2018-19 budget speech
Tanzania will reduce corporate income tax for new companies to 20
percent from 30 percent for their first three years of operation to
encourage investment, Finance Minister Philip Mpango told lawmakers
told lawmakers in Dodoma. The government will allow a tax amnesty from
July 1 until Dec. 31 for those who have not paid tax in the past,
which will help the government collect 500 million shillings
($220,448), he said.
UAE to give Ethiopia $3 billion in aid and investments
The UAE will deposit $1 billion in Ethiopia’s central bank to ease a
severe foreign currency shortage, government spokesman Ahmed Shide
told Reuters at a palace in Addis Ababa after Abiy met with Abu
Dhabi’s crown prince, Sheikh Mohamed Bin Zayed.
On Friday afternoon, Abiy got behind the wheel of a white car and
personally gave Sheikh Mohamed, the de facto leader of the United Arab
Emirates, sitting in the passenger seat, a tour of Addis Ababa.
Shide said the crown prince’s delegation included investors interested
in real estate and hospitals.
Pushback peril for Abiy 15TH JUNE 2018
Addis’s radical offer to implement the UN’s ruling on the border is
meeting resistance at home and silence in Asmara
The Ethiopian government's announcement that it was ready to implement
the 2002 border ruling to try and resolve the freeze in relations with
Eritrea has met with worrying silence from Asmara and signs of
agitation in Tigray.
18-JUN-2018 :: Cut taxes and cast the tax net wider. @TheStarKenya
Avoid being ''Hambantota-ed''
Last week, the big Headline Event was the synchronised release by EAC
Finance Ministers [Kenya's Henry Rotich, Tanzania's Philip Mpango,
Uganda's Matia Kassaija, and Rwanda's Uzziel Ndagijimana] of their
individual Budgets for the FY 2018/2019 beginning July 1st. According
to the budget numbers presented, Kenya's Budget is twice the size of
Tanzania and bigger than Tanzania, Uganda and Rwanda combined. Kenya,
Tanzania and Uganda plan to borrow more than $12 billion to plug
budget deficits in the new financial year. Kenya has a deficit of
$5.58 billion, while Tanzania has a $4.6 billion hole and Uganda $2.4
“Under this fiscal consolidation plan, we project the fiscal deficit
to narrow to 5.7 per cent of GDP in the FY 2018/19 from the estimated
7.2 per cent of GDP in the FY 2017/18 and further to around 3.0 per
cent of GDP by FY 2021/22. As such, this will help stabilise the Net
Present Value of debt to GDP ratio at below 50 per cent, which is well
below the 74 per cent threshold considered to signal an unsustainable
debt position,” CS Rotich said.
Genghis Capital said it expected Nairobi’s interest payments in the
2018/19 fiscal year to grow by 31.11% to $3.9 billion while
redemptions will increase 36.7% to $4.7 billion.
The Ugandan Finance Minister Matia Kassaija said “Our ratio of public
debt to GDP now stands at 38.1% in nominal terms, which is much lower
than the threshold of 50 per cent beyond which public debt becomes
unsustainable,” he said.
There is self-evidently a difference of opinion between ourselves and
the Ugandans about what is a sustainable debt position.
Interestingly, Tanzania presented the most fiscally conservative
budget and is reducing corporate income tax for new companies to 20
percent from 30 percent for their first three years of operation to
At a macro level, what is clear is that EAC countries' have embarked
on a debt-fuelled investment binge and the sustainability of the debt
will be decided by the ROI [Return on Investment] of the investments
made. This point will come into sharper relief as the US continues to
dial up US interest rates and reduce the extraordinary stimulus.
Emerging Markets have been pounded of late, currencies have been
crashing from Turkey to Argentina and President Kenyatta seems seized
of the direction of Travel going by the generosity of his welcome of
the IMF's Lagarde at the G7. Therefore, the Go-Go days when you just
stuck up your hand and asked for 1/2 a billion dollars and got $2b are
behind us and its high time our Policy Makers got with the Program.
Prime Minister Abiy Ahmed of Ethiopia has read the writing on the wall
and hence his economic Pivot which caught his own Party and the rest
of the World off-guard. In these moments, being ahead of the curve
pays exponential dividends and the mercurial Abiy is delivering on all
fronts. I think he saw very clearly how Sri Lanka got
''Hambantota-ed'' [Sri Lanka borrowed billions from China to build a
Port - The Hambantota Port - it is a white Elephant - a vanity Project
- and China [Sri Lanka's Creditor] has taken it back on a 99 year
So the first overarching Point, is that creditors are not Santa Claus
and miscues will exact a very heavy price, Countries will be
Now if you look at all the budgets, the common thread running through
all of them is the size of the recurrent expenditure dwarfs everything
else. Therefore, Taxpayers have to ask ourselves are we getting value
for money? The situation reminds me of a time before Uber. Today my
Taxi fares are about 1/3rd of what it cost me pre-Uber. The question
is therefore how do we uber-ize Government? How do we Kodak the
existing structure and move to an ''Uber'' Future. I have no doubt
that we could take 2/3rds of the cost out of the recurrent
expenditure. Again, we need to get ahead of this curve. If we don't
get ahead of this curve, Our creditors will.
Lets finish off with Kenya Inc. CS Rotich announced plans to repeal a
law that caps commercial interest rates. The Rate Cap Law has seen
private sector credit growth crash from around 20% to close to 0%.
The SME sector [which has had to bear the brunt of the Private credit
growth slump and is the Engine Room of our Economy] needs credit like
a shot in the Arm. CS Rotich dialled up excise duty on mobile money
transfers by two percent and introduced a ''Robin Hood'' Tax for
transfers above 500,000/= . He projected tax revenues to rise by 17.5
percent to 1.9 trillion Kenyan shillings ($18.81 billion), equivalent
to 20 percent of GDP. A year on Year increase of 17.5% in the Tax Take
is a bold call. Existing Taxpayers have been squeezed until the ''Pips
are squeaking'' This is now a zero Sum Game. In order to get the Show
back on the road and to get back to faster GDP growth because Growth
is a Silver bullet, we should be cutting Taxes and casting the Tax Net
East African Cables reports FY 2018 Earnings
Par Value: 0.50/-
Closing Price: 4.70
Total Shares Issued: 253125000.00
Market Capitalization: 1,189,687,500
Leading Kenyan cable manufacturer.
East African Cables Limited FY 2017 results through 31st December 2017
vs. 31st December 2016
FY Revenue 2.345086b vs. 3.650451b -35.759%
FY Cost of sales [1.680954b] vs. [2.846146b] -40.939%
FY Gross profit 664.132m vs. 804.305m -17.428%
FY Factory expenses [208.810m] vs. [339.411m] -38.479%
FY Administrative expenses [349.558m] vs. [345.209m] +1.260%
FY Profit/ [Loss] before depreciation, impairment and finance costs
33.282m vs. [11.619m] +386.445%
FY Impairment losses [121.692m] vs. [248.215m] -50.973%
FY Results from operating activities [376.867m] vs. [531.488m] +29.092%
FY Net finance costs [550.078m] vs. [278.861m] +97.259%
FY Loss before income tax [926.945m] vs. [810.349m] -14.388%
FY Loss for the year [662.835m] vs. [582.602m] -13.771%
Basic and diluted EPS [2.24] vs. [1.80] -24.444%
Total Assets 7.038421b vs. 7.548406b -6.756%
Total Equity 1.878802b vs. 2.556409b -26.506%
Cash and cash equivalents at 31st December 219.494m vs. 45.186m +385.757%
Material uncertainty related to going concern
Group faced headwinds in 2017 due to unfavourable political
environment and prevailing challenges of access to credit
a decline in Revenue of 36%
reduction of net earnings by 14%
22% decrease in expenses
To meet its financing requirements the group is seeking improved
Poor results. again.
The Euro which got slammed below 1.1600 last week after the Mario
Draghi show has regained 1.1600 to trade 1.1618 last.
The Dollar has punched its way to a 2018 High.
Commodity Prices have also been coming under pressure with Gold and
Oil taking a beating over recent sessions.
Emerging Markets have of course been at the ''bleeding Edge'' of this
Sell-Off with Argentina's Peso leading and -30% YTD The Turkey Lira
-19% and Brazil's Real -11%.
Argentina's century bond yield rose to a record 9% as the Peso crashed.
This EM weakness has spilled over into the Rand, where the
Ramaphorians have all run for cover.
Interestingly the Shilling remains the best performing SSA currency at
+2.00% year to date.
Bitcoin was last at $6,400,00 and the University of Texas research
which confirmed that the Price is being pumped.
“If there’s fraud or manipulation in a market it can leave tracks in
the data. The tracks in the data here are very consistent with a
The Budget has underwhelmed the Folks I speak to.
The Nairobi All Share closed -0.46 points lower at 177.73
The Nairobi NSE20 rallied +23.89 points to close at 3373.55.
Equity Turnover slumped to just 257.592m.
N.S.E Equities - Commercial & Services
Safaricom rowed back -0.83% to close at 29.75 and traded 2.120m
shares. Safaricom is +15.327% in 2018. I thought the Excise Duty
increase by 200 basis points from 10% to 12% a sub-optimal move, in
particular, because Mobile Money Velocity is one off the most
forward-positioned components of our economy and that the Government
would be better served encouraging Velocity and volumes. Its time the
GOK removed the daily M-PESA Hard Cap.
N.S.E Equities - Finance & Investment
Equity Group firmed +0.51% to close at 49.00 and traded 1.624m shares
worth 79.585m. Equity trades on a Trailing PE Ratio of 9.8 and is
+28.30% on a Total Return basis in 2018.
KCB Group closed unchanged at 48.75 and traded 671,100 shares. KCB
trades on a Trailing PE Ratio of 7.582 and is +21.05% on a Total
Return Basis in 2018.
COOP Bank Kenya [which was the only Tier 1 Bank to announce it was not
involved in the NYS Cash Heist] rebounded +2.34% to close at 17.50 and
traded 455,700 shares. COOP Bank trades on a Trailing PE of 8.793.
Global Credit Ratings (GCR) has downgraded CIC's General Insurance
credit rating to A-(KE) from A(KE) with a stable outlook. CIC eased
-1.03% to close at 4.80 and is -14.28% in 2018.
Liberty Life eased -0.72% to close at 13.70 [+12.29% in 2018] and
withstood the news that Liberty Holdings had become the victim of a
cyber attack after an external party claimed to have seized data from
the firm and demanded payment. Liberty, in which Standard Bank has a
53 percent stake, was alerted of the illegal unauthorized access to
its IT infrastructure late on Thursday evening, group Chief Executive
David Munro said at a press briefing on Sunday.
Liberty did engage with the external parties involved to determine
their intention, but made no concessions “in the face of this
attempted extortion,” Munro said.
N.S.E Equities - Industrial & Allied
East African Cables reported FY 2018 Earnings, where FY Revenue
slumped -35.759% to 2.345086b, The FY Earnings Per share widened
-24.444% to [2.24] vs. [1.80] and the Final Dividend was skipped. In
the accompanying Company Commentary EA Cables said
''To meet its financing requirements the group is seeking improved
East African Cables slumped -7.44% to close at 4.45 and closed the
session trading at limit down -9.57% at 4.25. EA Cables is -18.348% in
EABL closed unchanged at 218.00 and traded 106,600 shares.
ARM Cement rebounded +7.27% to close at 2.95 but remains -77.30% in 2018.