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Satchu's Rich Wrap-Up
 
 
Tuesday 19th of March 2019
 
Morning
Africa

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Macro Thoughts

Home Thoughts

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"In Memoriam A.H.H." or simply "In Memoriam" is a poem by the British poet Alfred, Lord Tennyson
Africa


"In Memoriam" is written in four-line ABBA stanzas of iambic
tetrameter, and such stanzas are now called In Memoriam Stanzas.
Though not metrically unusual, given the length of the work, the metre
creates a tonal effect that often divides readers – is it the natural
sound of mourning and grief, or merely monotonous? The poem is divided
into 133 cantos (including the prologue and epilogue), and in contrast
to its constant and regulated metrical form, encompasses many
different subjects: profound spiritual experiences, nostalgic
reminiscence, philosophical speculation, Romantic fantasizing and even
occasional verse. The death of Hallam, and Tennyson's attempts to cope
with this, remain the strand that ties all these together.

I hold it true, whate'er befall;
I feel it when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

Who trusted God was love indeed
And love Creation's final law
Tho' Nature, red in tooth and claw
With ravine, shriek'd against his creed

So runs my dream, but what am I?
An infant crying in the night
An infant crying for the light
And with no language but a cry.

The hills are shadows, and they flow
From form to form, and nothing stands;
They melt like mist, the solid lands,
Like clouds they shape themselves and go.

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12-MAR-2019 :: Roadtrip to Garissa I drank fresh camel milk and ate goat. It was a very beautiful experience. I watched the sunset
Africa


Sunset Saldig in Northern Kenya Garissa is located at 0°27′25″S
39°39′30″E I went on a road Trip to Garissa and in fact 200 kms beyond
to a Village called Saldig

https://twitter.com/alykhansatchu/status/1105029251223506944

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29-APR-2013 :: The Brothers Tsarnaev and the Long Tail Put in a different way, there are surely many Brothers Tsarnaev in this new c21st of ours
Law & Politics


There are more than seven billion of us now in this c21st world of
ours. The long tail in a population of seven billion is not an
insignificant absolute number.
‘’In statistics, a long tail of some distributions of numbers is the
portion of the distribution having a large number of occurrences far
from the “head” or central part of the distribution.’’
Put in a different way, there are surely many Brothers Tsarnaev in
this new c21st of ours.
 In truth, that disaffection might have any number of reasons and I am
reminded of my French O level where I studied Albert Camus’ L’Etranger
and Camus said;
“The byronic hero, incapable of love, or capable only of an impossible
love, suffers endlessly. He is solitary, languid, his condition
exhausts him. If he wants to feel alive, it must be in the terrible
exaltation of a brief and destructive action*.”

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28-JAN-2019 :: ''This catastrophic event changes the way we think and act, moment to moment, week to week, for unknown weeks and months to come, and steely years. our world, parts of our world, have crumbled into theirs, which means we are living in a pl
Law & Politics


Don De Lillo wrote about this about Terror

‘’Terror’s response is a narrative that has been developing over
years, only now becoming inescapable. It is our lives and minds that
are occupied now. This catastrophic event changes the way we think and
act, moment to moment, week to week, for unknown weeks and months to
come, and steely years. our world, parts of our world, have crumbled
into theirs, which means we are living in a place of danger and rage’’

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17-SEP-2012 :: Now what are the consequences of this new 21st century madding crowd? A madding crowd which can be inflamed by a fellow with a camera and an account with YouTube.
Law & Politics


There are plenty of flame throwers in a population of seven billion.
Bacile has shown that the 21st century equivalent of throwing the
match is a camera and the knowledge of how to upload content onto
Youtube. The consequences of throwing a Match onto a tinderbox are
entirely unpredictable, by their nature.

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18-MAR-2019 :: @Boeing 737 MAX-8, @FlyEthiopian 302, the FAA and "teachable moments"
Law & Politics


The big teachable moments for me were these. Ethiopian and its
Government acted with a lot of decorum. Concerns about brand damage
are overblown.
In contrast, Boeing have taken a big hit but more worryingly the
Corporate's reactions to a fast moving situation were a D-.

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@FlyEthiopian is the airline of the African continent. They control the skies and fly to more destinations than anybody else. I don't think their position is under threat,"
Law & Politics


"They are an efficient organisation and have kind of a military
approach to running an airline which is obviously the right way to
go," Satchu added.

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.1348
Dollar Index 96.41
Japan Yen 111.256
Swiss Franc 1.0039
Pound 1.3273
Aussie 0.7103
India Rupee 68.551
South Korea Won 1130.29
Brazil Real 3.7921
Egypt Pound 17.314
South Africa Rand 14.4320

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Russian Special Presidential Envoy Bogdanov, said yesterday that his country will support the Sudanese people and their leadership represented by President Omar Al-Bashir to overcome the current phase.
Africa


Russian Special Presidential Envoy for the Middle East and Africa,
Deputy Foreign Minister, Mikhail Bogdanov, said yesterday that his
country will support the Sudanese people and their leadership
represented by President Omar Al-Bashir to overcome the current phase.

Bogdanov made the remarks during a meeting with the Sudanese Vice
President Lt. Gen. Ahmed Awad Ibn-Auf held in the Sudanese capital,
Khartoum.
Bogdanov stressed that Moscow has strong political will to strengthen
its relations with Sudan, especially in the economic, political and
military fields.
He expressed Russia’s confidence in the Sudanese leader’s ability to
overcome the economic difficulties faced by the country.
Bogdanov noted that Russia will work to strengthen the defence
capabilities of Sudan and will contribute to training the Sudanese
military and civilian personnel.

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Has The World Been Ignoring An Almost Decade-Long "African Spring"? via @eurasia_future @AKorybko
Africa


* Uganda:

Finally, the country that most closely fits the criteria of the
author’s non-electoral regime change model is Uganda, the military
heavyweight in the transregional East and Central African space that’s
been ruled by President Museveni for the last one-third of a century.
During the last few years, however, his mostly-youthful population
(which is also one of the fastest growing in Africa, notwithstanding
the large amounts of migration [sometimes illegal] that it receives)
has become restive and most recently (and one can argue, quite
naively) placed their hopes in the singer-turned-politician Bobi Wine
because they see in him a comparatively younger face of anti-systemic
change. However a non-electoral regime change might unfold in Uganda,
its consequences would change the entire “balance of power” in this
strategic part of the world at the height of the New Great Game and
modern-day “Scramble for Africa” in the New Cold War.

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Ghana may issue its dollar bonds as soon as tomorrow. It earlier implied it'd issue as much as $3bn, which would make it one of the biggest sovereign Eurobonds from EM this year. @TheTerminal
Africa


Ghana may issue its dollar bonds as soon as tomorrow. It's looking at
a 3-tranche deal with maturities of 2027, 2032 and 2051. It earlier
implied it'd issue as much as $3bn, which would make it one of the
biggest sovereign Eurobonds from EM this year. @TheTerminal

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Kenyan Drought Leaves 1 Million People Needing Food Aid @markets @eombok
Kenyan Economy


More than a million people in a dozen Kenyan counties are in urgent
need of food assistance after below-average rainfall curbed farm
output, according to the East African nation’s drought-management
agency.
Insufficient rains caused the number of people facing food insecurity
to increase from 655,800 in August 2018, the National Drought
Management Authority said in a statement on its website.
The government has provided 1.35 billion shillings ($13.4 million) of
the 1.72 billion shillings that’s required to partly provide food and
water for people and livestock through April in 12 of Kenya’s 47
counties, according to the agency.
“We have sufficient food stocks in the country and the prices are
modest,” Kenya’s Deputy President William Ruto said Monday in the
capital, Nairobi. The recurring situation isn’t as bad as last year,
he told reporters.
A drought in 2017 contributed to a slowdown in Kenyan growth to the
weakest pace since 2011. The dry spell continued for three seasons,
cutting production of corn, a staple food, and leading to shortages of
other foods including milk.

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.@SafaricomPLC , @AlibabaGroup Unit Agree Mobile-Payments Partnership @technology
Kenyan Economy


Safaricom Plc, Kenya’s biggest mobile operator, agreed a partnership
with a unit of Alibaba Group Holdings Ltd. that will facilitate
electronic payments.
The deal extends Safaricom customers’ ability to use its mobile-money
service, known as M-Pesa, outside Kenya as the company looks to
establish the system as a global platform. The firm has existing
agreements with payments companies Western Union Co. and Paypal
Holdings Inc.
The partnership allows shoppers on AliExpress, Alibaba’s online retail
service, to pay for purchases using M-Pesa. It targets micro-traders
in Kenya who source goods and other supplies from China, the
Nairobi-based company said in a statement Tuesday.
The partnership “marks yet another important milestone not just in
Safaricom’s efforts to take M-Pesa beyond Kenya, but to Kenya’s
participation in the international e-commerce marketplace,” Chief
Financial Services Officer Sitoyo Lopokoiyit said in the statement.
Mobile money accounts for 30 percent of Safaricom’s revenue and is
forecast to grow 14 percent in the coming financial year. About 46
percent of international e-commerce transactions in Kenya are on
AliExpress, Chief Customer Officer Sylvia Mulinge said at a briefing.

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@Kenya_Re share price data
Kenyan Economy


Closing Price: 13.80
Market Capitalization: $96.352m
EPS: 4.7
PE: 2.936

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Total visitor arrivals into #Kenya through JKIA and MIA: Loss of 15,181 arrivals at JKIA v. gain of 20,741 arrivals at MIA. @mihrtakar
Kenyan Economy


Total visitor arrivals into #Kenya through JKIA and MIA:
2018 - 969,854 (+0.58%)
2017 - 964,294

Through JKIA:
2018 - 848,784 (-1.76%)
2017 - 863,965

Through MIA:
2018 - 121,070 (+21%)
2017 - 100,329

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