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Satchu's Rich Wrap-Up
Wednesday 30th of January 2019

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"Senor judge, me and my attorneys have spoken about this, and I will reserve," Chapo said @vicenews

"Reserve?" Cogan asked. "Yes, I will not testify," Chapo replied.
The government has methodically obliterated any semblance of
reasonable doubt about his status as the ruthless leader of the
“continuing criminal enterprise” known as the Sinaloa cartel.
Christian Rodriguez was just 21-years-old when he was hired to be the
Sinaloa cartel’s IT guy. By that time, according to the defense,
Rodriguez had already used his hacking prowess to “break into the U.S.
energy system, the grid, for fun." He designed an encrypted phone
network for the Sinaloa cartel, then became an informant for the FBI,
allowing the feds to obtain recordings of hundreds of incriminating
phone calls.
Miguel Angel Martinez Martinez was Chapo’s right-hand man from the
late ‘80s through the mid-’90s, and he testified about the glory days
when Chapo had a fleet of private jets, beach houses all over Mexico,
and even his own private zoo with a train that took guests around on a
tour to see the tigers, lions, panthers, and deer. But when Martinez —
known as El Gordo — got locked up and Chapo suspected him of
snitching, their friendship ended in dramatic fashion.

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24 OCT 11 Gaddafi's Body in a Freezer - What's the Message?
Law & Politics

Who is in charge of the messaging? Through the fog of real time and
raw footage, I note a very powerful message. The essence of that
message being;
‘Don’t Fxxk with us! Be- cause you will end up dead and a trophy
souvenir in a fridge.’ That same person is probably repeating
Muammar’s comment, “I tell the coward crusaders: I live in a place
where you can’t get me. I live in the hearts of millions.”
And asking ‘Really? Are You? Or are you now very dead and in a meat locker?’

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U.S. gives Guaido control over some Venezuelan assets @Reuters
Law & Politics

The United States has certified the authority of Venezuelan opposition
leader Juan Guaido to control certain assets held by the Federal
Reserve Bank of New York or any other U.S.-insured banks, the State
Department said on Tuesday.
The certification, given on Friday, applies to certain property held
in accounts belonging to the Venezuelan government or its central
bank. “This certification will help Venezuela’s legitimate government
safeguard those assets for the benefit of the Venezuelan people,”
State Department spokesman Robert Palladino said in a statement.

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Travel advisory for #Venezuela by @StateDept raised to Level 4-'Do Not Travel' @W7VOA

"The Edge...There is no honest way to explain it because the only
people who really know where it is are the ones who have gone over"

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@georgesoros issues stark warning on China @asiatimesonline
Law & Politics

Using his remarks at the Davos-based WEF’s annual gathering on January
24 “to warn the world about an unprecedented danger that’s threatening
the very survival of open societies” and “to call attention to the
mortal danger facing open societies from the instruments of control
that machine learning and artificial intelligence can put in the hands
of repressive regimes,” the Hungarian-born philanthropist vehemently
focused “on China, where Xi Jinping wants a one-party state to reign

“A lot of things have happened since last year and I’ve learned a lot
about the shape that totalitarian control is going to take in China.”
One such thing was the Chinese government’s use of “all the rapidly
expanding information available about a person … consolidated in a
centralized database to create a ‘social credit system’.” Based on
that data, he stressed, “people will be evaluated by algorithms that
will determine whether they pose a threat to the one-party state.
People will then be treated accordingly.”

More precisely, in his view, if it became operational, it “would give
Xi total control over the people”. That’s why he found the system
“frightening and abhorrent.”

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05-MAR-2018 :: China has unveiled a Digital Panopticon in Xinjiang
Law & Politics

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.

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10-DEC-2018 :: Truce dinner @Huawei
Law & Politics

Sirloin steaks, Catena Zapata Nicolas Malbec [2014] Huawei
Technologies Co. and Wanzhou Meng

You will recall that Presidents Trump and Xi Jinping enjoyed a much
anticipated ''Truce'' Dinner at the G20 in Buenos Aires and quaffed a
Catena Zapata Nicolas Malbec [2014] wine with their sirloin steaks and
finished it all off with caramel rolled pancakes, crispy chocolate and
fresh cream, a dinner that ran over by 60 minutes and one where the
dinner Guests broke out into spontaneous applause thereafter.

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Currency Markets at a Glance WSJ
World Currencies

Euro 1.1439
Dollar Index 95.76
Japan Yen 109.32
Swiss Franc 0.9958
Pound 1.3097
Aussie 0.7197
India Rupee 71.285
South Korea Won 1117.03
Brazil Real 3.7205
Egypt Pound 17.63
South Africa Rand 13.6099

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Apple shares jump >5% in after-hours trading as outlk suggests stability after tough end to 2018 & Cook touting record $10.9bn of services revenue @Schuldensuehner
World Currencies

Apple shares jump >5% in after-hours trading as outlk suggests
stability after tough end to 2018 & Cook touting record $10.9bn of
services revenue, incl records for App Store, Apple Pay, Apple
Services & ad business but it's still just 13% of tot revenue.

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"There is a logical problem," Mr Badibanga said. "It's basically impossible." @FT

The huge turnout in favour of ruling party in parliamentary elections
was surprising on a day when at least 70% of voters backed an
opposition candidate for president. “There is a logical problem,” Mr
Badibanga said. “It’s basically impossible.”

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"I won't let the victory of the Congolese people be stolen. If they don't get the truth now, no one will trust any election ever again." @MartinFayulu

Outgoing president Joseph Kabila’s coalition will continue to exert
huge influence on the future of the Democratic Republic of Congo after
winning a suspect parliamentary election, in which some vote tallies
were not even counted, according to three senior Congolese
politicians. Mr Kabila’s Common Front for Congo or FCC will have
wide-ranging powers in the new parliament, including the ability to
select the next prime minister, influence the appointment of multiple
cabinet ministers and even approve constitutional changes.
“Until today, with regard to the parliamentary elections, we don’t
really know what were the results,” Mr Badibanga said. He believes
that the ballot papers were never counted in his constituency. “Where
do the results come from? They’re imaginary results,” he said.

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In Tense Uganda, You Watch the President - And He Watches You @bpolitics

Step into a cinema in Uganda’s capital and you could watch an
action-packed retelling of President Yoweri Museveni’s ascent to
power. Step outside of it and Museveni could be watching you. A new
surveillance system with hundreds of cameras on Kampala’s streets; a
glitzy biopic made by the president’s daughter -- superficially they
have little in common. But in the East African country the former
rebel has ruled with a firm grip for more than 30 years, critics say
they’re part of a push to glorify his achievements and tighten control
of public space before 2021 elections that may be his toughest yet.
Ugandan state TV showed ‘27 Guns,’ which reenacts Museveni’s 1980s
revolt against President Milton Obote, before last week’s Liberation
Day holiday. Celebrations this year, though, followed months of
sporadic unrest in which pop star-turned-politician Bobi Wine became a
lightning rod for dissent for one of Africa’s youngest populations.
“The youth of urban centers in Africa tend to vote for the opposition,
so of course that is going to concern Museveni,” said Nic Cheeseman,
professor of democracy at the University of Birmingham in England.
The government’s “worried about the youth vote and the urban vote and
the potential for those two to unite against a president who is
getting increasingly old.”
Museveni, 74, who can seek reelection after presidential age-limits
were abolished, presents himself as key to Uganda’s stability and a
crucial U.S. ally. Seizing power in 1986, he eventually drew a line
under the years of political upheaval -- including Idi Amin’s bloody
dictatorship -- that followed independence from the U.K. in 1962.
These days his government brooks little dissent and is regularly
accused by human-rights groups of clamping down on opponents.
In Africa, only the presidents of Cameroon, Equatorial Guinea and
Congo Republic have ruled longer than Museveni -- and ‘27 Guns,’
likewise, takes its time. Its 2 1/2 hours span about five years as the
film’s Museveni accuses Obote of stealing elections and takes to
Uganda’s forests to wage a guerrilla war. His self-declared freedom
fighters storm army barracks by using the titular firearms and later
seek help from Tanzania’s then-president, Julius Nyerere.
Written and directed by Natasha Museveni Karugire, the film has
professional-looking photography and a sweeping score that partly
align it with a recent wave of Ugandan movies dealing with modern
history and garnering regional acclaim. Some Museveni opponents,
though, see it as little more than propaganda.
‘27 Guns’ is aimed at “cleansing Museveni’s image both locally and
internationally,” said opposition lawmaker Kassiano Wadri. “With a
film done by his daughter you expect only his positive part to be
The filmmakers didn’t respond to written requests for comment sent via
the production company’s website.
A spokesman for the presidency, Don Wanyama, dismissed the criticisms.
“If anyone has a different version of events, I guess they are free to
script their story, shoot their film and air it,” he said by phone.
If Museveni runs in 2021, he’ll not only face a re-energized
opposition but headwinds in the region’s third-largest economy. While
gross domestic product has quadrupled since he took power, delays in
Uganda’s first oil production mean the country of about 43 million
people may miss its 2020 growth goals.
Authorities say new taxes on social media including Facebook and
WhatsApp will bring vital revenue; critics accuse them of further
curbing free speech.
The president -- who faced limited street protests in 2011 and last
year -- may have other ways to check dissent. In early October,
Museveni unveiled new security cameras for the capital, a
long-promised initiative authorities say will stem a recent crime wave
and eventually be rolled out nationwide.
“I saw all the people eating sugar cane and others doing things they
shouldn’t be doing,” Museveni was quoted as saying by the local New
Vision newspaper.
He tweeted an image of himself in front of a bank of computer monitors.

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SA loses only female top-40 CEO as Maria Ramos quits @Absa @TimesLIVE

"She had indicated a desire to step down earlier, but agreed to see
the group through the separation negotiations with @Barclays the
ensuing sell-down and key separation milestones"

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South Africa All Share Bloomberg +3.13% 2019

Dollar versus Rand 6 Month Chart INO 13.6099


Egypt Pound versus The Dollar 3 Month Chart INO 17.63


Nigeria All Share Bloomberg -0.80% 2019


Ghana Stock Exchange Composite Index Bloomberg -2.99% 2019


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Wear a Suit to Get a Good Rate, Kenyan @CBKKenya Boss Says @business @adengat
Kenyan Economy

“There is no such thing as window dressing, and you should not hope
that window dressing will help you; you should actually do what you
need to do, make sure you have a solid argument, a solid foundation
and wear a suit, and then you will get a good rate,”

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by Aly Khan Satchu (www.rich.co.ke)
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January 2019

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