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Satchu's Rich Wrap-Up
 
 
Monday 03rd of August 2020
 





#COVID19 exponential growth observed across all countries in the world at a relatively consistent rate. @jmlukens
World Of Finance

The staggered start date of community spread may simply be a measure of country’s relative isolation to initial outbreaks in #China, #Iran, #Italy, then #USA, etc..

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27-JUL-2020 :: Drinking the Kool-Aid
World Of Finance


“Everybody, everybody everywhere, has his own movie going, his own scenario, and everybody is acting his movie out like mad, only most people don’t know that is what they’re trapped by, their little script.” ― Tom Wolfe, The Electric Kool-Aid Acid Test

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Angela Merkel: “You cannot fight the pandemic with lies and disinformation...the limits of Populism are being laid bare.”
Law & Politics



Angela Merkel: “You cannot fight the pandemic with lies and disinformation...the limits of Populism are being laid bare.” Angela Merkel

The Correlation between the Case Load and Populism has a stupendously high correlation coefficient.


political decision-making is now driven by often weaponized babble. @FukuyamaFrancis


I was reading Ibn Khaldun’s Muqaddimah which sought to explain the intrinsic relationship between political leadership and the management of pandemics in the pre-colonial period.

Historically, such pandemics had the capacity to overtake “the dynasties at the time of their senility, when they had reached the limit of their duration” and, in the process, challenged their “power and curtailed their [rulers’] influence...”

Rulers who are only concerned with the well-being of their “inner circle and their parties” are an incurable “disease”.

States with such rulers can get “seized by senility and the chronic disease from which [they] can hardly ever rid [themselves], for which [they] can find no cure”

To thwart calamities, rulers should possess certain qualifications. Khaldun recognizes wisdom, logic, honesty, justice and education as the most desirable qualities in a ruler.


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"Enough, this toxic cult of personality, this shallow leader worship...Enough, 7 years of absurd chaos, regressing step by step; Enough, 70 yrs of mountains of bodies, seas of blood, of Red violence" @gerryshih
Law & Politics

"Enough, this toxic cult of personality, this shallow leader worship...Enough, this bloodsoaked Red politics and party state of insatiable corruption; Enough, 7 years of absurd chaos, regressing step by step; Enough, 70 yrs of mountains of bodies, seas of blood, of Red violence"

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16-FEB-2020 :: They now turn to rule over the people by means of what could be dubbed “big data totalitarianism” and “WeChat terror.” @ChinaFile #COVID19 Xu Zhangrun
Law & Politics


That‘s right, we, We the People, for [as I have previously said] how can we let ourselves ―survive no better than swine; fawn upon the power-holders like curs; and live in vile filth like maggots?

As I write these words I reflect on my own situation which also dramatically changed in 2018 [when the author published his famous anti-Xi Jeremiad]. For having raised my voice then, I was punished for ―speech crimes.

Thereafter, I was suspended from my job as a university lecturer and cashiered as a professor, reduced to a minor academic rank. I was placed under investigation by my employer, Tsinghua University; my freedoms have been curtailed ever since.

Writing as I do herein, I can now all too easily predict that I will be subjected to new punishments; indeed, this may well even be the last piece I write. But that is not for me to say.

Confronted by this Great Virus, as all of us are right now, I feel as though a vast chasm has opened up before us all and I feel compelled to speak out yet again. There is no refuge from this viral reality and I cannot remain silent.


you will all be no better than fields of garlic chives, giving yourselves up to being harvested by the blade of power, time and time again. 

[ “garlic chives,” Allium tuberosum, often used as a metaphor to describe an endlessly renewable resource.]

What is thriving, however, is all that ridiculous ―Red Culture and the nauseating adulation that the system heaps on itself via shameless pro-Party hacks who chirrup hosannahs at every turn @ChinaFile #COVID19

A polity that is blatantly incapable of treating its own people properly can hardly be expected to treat rest of the world well Such places will only be able to find their assumed pulchritude reflected back at them in mirror of their imperial self-regard


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The Panopticon Is Already Here @TheAtlantic
Law & Politics


Xi has said that he wants China, by year’s end, to be competitive with the world’s AI leaders, a benchmark the country has arguably already reached. And he wants China to achieve AI supremacy by 2030.

Xi’s pronouncements on AI have a sinister edge. Artificial intelligence has applications in nearly every human domain, from the instant translation of spoken language to early viral-outbreak detection. 

But Xi also wants to use AI’s awesome analytical powers to push China to the cutting edge of surveillance. He wants to build an all-seeing digital system of social control, patrolled by precog algorithms that identify potential dissenters in real time.


In the near future, every person who enters a public space could be identified, instantly, by AI matching them to an ocean of personal data, including their every text communication, and their body’s one-of-a-kind protein-construction schema. 

In time, algorithms will be able to string together data points from a broad range of sources—travel records, friends and associates, reading habits, purchases—to predict political resistance before it happens. China’s government could soon achieve an unprecedented political stranglehold on more than 1 billion people.


A crude version of such a system is already in operation in China’s northwestern territory of Xinjiang, where more than 1 million Muslim Uighurs have been imprisoned, the largest internment of an ethnic-religious minority since the fall of the Third Reich

The emergence of an AI-powered authoritarian bloc led by China could warp the geopolitics of this century


Xi has appropriated the phrase sharp eyes, with all its historical resonances, as his chosen name for the AI-powered surveillance cameras that will soon span China

With AI, Xi can build history’s most oppressive authoritarian apparatus, without the manpower Mao needed to keep information about dissent flowing to a single, centralized node. 

In China’s most prominent AI start-ups—SenseTime, CloudWalk, Megvii, Hikvision, iFlytek, Meiya Pico—Xi has found willing commercial partners. And in Xinjiang’s Muslim minority, he has found his test population.
Uighurs who were spared the camps now make up the most intensely surveilled population on Earth. Not all of the surveillance is digital. The Chinese government has moved thousands of Han Chinese “big brothers and sisters” into homes in Xinjiang’s ancient Silk Road cities, to monitor Uighurs’ forced assimilation to mainstream Chinese culture. 

They eat meals with the family, and some “big brothers” sleep in the same bed as the wives of detained Uighur men.


Meanwhile, AI-powered sensors lurk everywhere, including in Uighurs’ purses and pants pockets. According to the anthropologist Darren Byler, some Uighurs buried their mobile phones containing Islamic materials, or even froze their data cards into dumplings for safekeeping, when Xi’s campaign of cultural erasure reached full tilt. 

But police have since forced them to install nanny apps on their new phones. The apps use algorithms to hunt for “ideological viruses” day and night. They can scan chat logs for Quran verses, and look for Arabic script in memes and other image files.

Uighurs can’t use the usual work-arounds. Installing a VPN would likely invite an investigation, so they can’t download WhatsApp or any other prohibited encrypted-chat software. 

Purchasing prayer rugs online, storing digital copies of Muslim books, and downloading sermons from a favorite imam are all risky activities. If a Uighur were to use WeChat’s payment system to make a donation to a mosque, authorities might take note.


The nanny apps work in tandem with the police, who spot-check phones at checkpoints, scrolling through recent calls and texts. Even an innocent digital association—being in a group text with a recent mosque attendee, for instance—could result in detention. 

Staying off social media altogether is no solution, because digital inactivity itself can raise suspicions. The police are required to note when Uighurs deviate from any of their normal behavior patterns. Their database wants to know if Uighurs start leaving their home through the back door instead of the front

It wants to know if they spend less time talking to neighbors than they used to. Electricity use is monitored by an algorithm for unusual use, which could indicate an unregistered resident.

Uighurs can travel only a few blocks before encountering a checkpoint outfitted with one of Xinjiang’s hundreds of thousands of surveillance cameras. Footage from the cameras is processed by algorithms that match faces with snapshots taken by police at “health checks.” 

At these checks, police extract all the data they can from Uighurs’ bodies. They measure height and take a blood sample. They record voices and swab DNA. Some Uighurs have even been forced to participate in experiments that mine genetic data, to see how DNA produces distinctly Uighurlike chins and ears. 

Police will likely use the pandemic as a pretext to take still more data from Uighur bodies.

Uighur women are also made to endure pregnancy checks. Some are forced to have abortions, or get an IUD inserted. Others are sterilized by the state. 

Police are known to rip unauthorized children away from their parents, who are then detained. Such measures have reduced the birthrate in some regions of Xinjiang more than 60 percent in three years.

When Uighurs reach the edge of their neighborhood, an automated system takes note. 


Xi seems to have used Xinjiang as a laboratory to fine-tune the sensory and analytical powers of his new digital panopticon before expanding its reach across the mainland. 

CETC, the state-owned company that built much of Xinjiang’s surveillance system, now boasts of pilot projects in Zhejiang, Guangdong, and Shenzhen. 

These are meant to lay “a robust foundation for a nationwide rollout,” according to the company, and they represent only one piece of China’s coalescing mega-network of human-monitoring technology.


China is an ideal setting for an experiment in total surveillance. Its population is extremely online. The country is home to more than 1 billion mobile phones, all chock-full of sophisticated sensors. 

Each one logs search-engine queries, websites visited, and mobile payments, which are ubiquitous. When I used a chip-based credit card to buy coffee in Beijing’s hip Sanlitun neighborhood, people glared as if I’d written a check.


All of these data points can be time-stamped and geo-tagged. And because a new regulation requires telecom firms to scan the face of anyone who signs up for cellphone services, phones’ data can now be attached to a specific person’s face. 

SenseTime, which helped build Xinjiang’s surveillance state, recently bragged that its software can identify people wearing masks. Another company, Hanwang, claims that its facial-recognition technology can recognize mask wearers 95 percent of the time. 

China’s personal-data harvest even reaps from citizens who lack phones. Out in the countryside, villagers line up to have their faces scanned, from multiple angles, by private firms in exchange for cookware.

An authoritarian state with enough processing power could feed every blip of a citizen’s neural activity into a government database.

Until recently, it was difficult to imagine how China could integrate all of these data into a single surveillance system, but no longer. 

In 2018, a cybersecurity activist hacked into a facial-recognition system that appeared to be connected to the government and was synthesizing a surprising combination of data streams. 

The system was capable of detecting Uighurs by their ethnic features, and it could tell whether people’s eyes or mouth were open, whether they were smiling, whether they had a beard, and whether they were wearing sunglasses. 

It logged the date, time, and serial numbers—all traceable to individual users—of Wi-Fi-enabled phones that passed within its reach. 

It was hosted by Alibaba and made reference to City Brain, an AI-powered software platform that China’s government has tasked the company with building.



Wresting power from a government that so thoroughly controls the information environment will be difficult.

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I am convinced that the only ‘’zoonotic’’ origin was one that was accelerated in the Laboratory #COVID19
Misc.

There is also a non negligible possibility that #COVID19 was deliberately released – Wuhan is to the CCP as Idlib is to the Syrian Regime – and propagated world wide

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



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. 

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 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.

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Brands identified Include @mujiusa Muji H&M, @Burberry @CalvinKlein @adidas and @UniqloUSA Uniqlo All deny having any evidence of forced Uighur labour in their supply chains @thetimes
China


China’s huge cotton clothing industry — of which 85% comes from Xinjiang — and Uighur forced labour, now found in factories across China.

Brands identified by think tanks and campaign groups in Australia, America and the UK include Muji, H&M, Burberry, Calvin Klein, Adidas and Uniqlo. All deny having any evidence of forced Uighur labour in their supply chains. 

Several companies indicated that they had severed links with Xinjiang.

China is responsible for about a fifth of global cotton and yarn production, the majority of which is in Xinjiang.

A month ago, the US government warned “businesses with potential supply-chain exposure to Xinjiang to consider the reputational, economic and legal risks of involvement with entities that engage in human rights abuses in Xinjiang, such as forced labour”.

Now it has imposed sanctions on the Xinjiang Production and Construction Corps (XPCC)

“The XPCC is powered by forced labour, serving a function similar to the Soviet Union’s gulags,” said Nury Turkel, who heads the Uighur Human Rights Project in Washington
After the details were announced, Mike Pompeo, the secretary of state, denounced China’s treatment of Xinjiang minorities as “the stain of the century” and called on other countries to join the American effort.
After the details were announced, Mike Pompeo, the secretary of state, denounced China’s treatment of Xinjiang minorities as “the stain of the century” and called on other countries to join the American effort.
It is “impossible for brands to be able to identify with any credibility that there is no forced labour if their supply chains contain Xinjiang cotton”, she said.

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07-OCT-2019 :: Xi is building an Algorithmic Society.
China


Xi’s model is one of technocratic authoritarianism and a recent addition to his book shelf include The Master Algorithm by Pedro Domingos. Xi is building an Algorithmic Society.

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Escobar: The Heart Of The Matter In The South China Sea @zerohedge @asiatimesonline
Law & Politics

“reinforce our commitment to a free and open Indo-Pacific, a rules-based international order, and to our allies and partners”.There’s absolutely no way the US Pacific Fleet can win a shooting war in the South China Sea.

The report refers to US Growler electronic warplanes rendered totally out of control by electronic jamming devices positioned on islands and reefs in the South China Sea.

According to the report, “after the accident, the United States negotiated with China, demanding that China dismantle the electronic equipment immediately, but it was rejected. These electronic devices are an important part of China’s maritime defense and are not offensive weapons. Therefore, the US military’s request for dismantling is unreasonable.”

It gets better:

“On the same day, former commander Scott Swift of the US Pacific Fleet finally acknowledged that the US military had lost the best time to control the South China Sea. He believes that China has deployed a large number of Hongqi 9 air defense missiles, H-6K bombers, and electronic jamming systems on islands and reefs. The defense can be said to be solid. If US fighter jets rush into the South China Sea, they are likely to encounter their ‘Waterloo.’”

The bottom line is that the systems – including electronic jamming – deployed by the PLA on islands and reefs in the South China Sea, covering more than half of the total surface, are considered by Beijing to be part of the national defense system.

I have previously detailed what Admiral Philip Davidson, when he was still a nominee to lead the US Pacific Command (PACOM), told the US Senate. Here are his Top Three conclusions:

1) “China is pursuing advanced capabilities (e.g., hypersonic missiles) which the United States has no current defense against. As China pursues these advanced weapons systems, US forces across the Indo-Pacific will be placed increasingly at risk.”

2) “China is undermining the rules-based international order.”

3) “China is now capable of controlling the South China Sea in all scenarios short of war with the United States.”

Implied in all of the above is the “secret” of the Indo-Pacific strategy: at best a containment exercise, as China continues to solidify the Maritime Silk Road linking the South China Sea to the Indian Ocean.

Remember the nusantao

The South China Sea is and will continue to be one of the prime geopolitical flashpoints of the young 21st century, where a great deal of the East-West balance of power will be played.

In imperial terms, “freedom of navigation”, from the West Coast of the US to Asia – through the Pacific, the South China Sea, the Malacca Strait and the Indian Ocean – is strictly an issue of military strategy.

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US Allies much derided by President Trump are falling into line.
Law & Politics


Australia Joins U.S. in Opposing Beijing’s South China Sea Claim @bpolitics

Australia joined the U.S. in rejecting China’s expansive maritime claims in the South China Sea, calling them “inconsistent” with the 1982 United Nations Convention on the Law of the Sea.

“There is no legal basis for China to draw straight baselines connecting the outermost points of maritime features or ‘island groups’ in the South China Sea,” Australia’s mission to the UN wrote in a filing on Friday.

“Australia rejects China’s claim to ‘historic rights’ or ‘maritime rights and interests’ as established in the ‘long course of historical practice’ in the South China Sea.”

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02-JUN-2020 :: Fast Forward The Markets are very complacent about A US China ‘’Hot War’’
World Of Finance

It has come to a Put Up or Shut Up moment Matters India Taiwan South China Sea et al. Neither Side have an ‘’Off Ramp’’ and the US Electoral Cycle and the ‘’Wolf Warrior’’ Strategy all point at more intensity rather than less.

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"The Dark Forest," which continues the story of the invasion of Earth by the ruthless and technologically superior Trisolarans, introduces Liu’s three axioms of “cosmic sociology.” @nfergus
Law & Politics



First, “Survival is the primary need of civilization.” Second, “Civilization continuously grows and expands, but the total matter in the universe remains constant.” Third, “chains of suspicion” and the risk of a “technological explosion” in another civilization mean that in space there can only be the law of the jungle. 

In the words of the book’s hero, Luo Ji:

The universe is a dark forest. Every civilization is an armed hunter stalking through the trees like a ghost ... trying to tread without sound ... The hunter has to be careful, because everywhere in the forest are stealthy hunters like him. If he finds other life — another hunter, an angel or a demon, a delicate infant or a tottering old man, a fairy or a demigod — there’s only one thing he can do: open fire and eliminate them. In this forest, hell is other people ... any life that exposes its own existence will be swiftly wiped out.

Kissinger is often thought of (in my view, wrongly) as the supreme American exponent of Realpolitik. But this is something much harsher than realism. This is intergalactic Darwinism.


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Something doesn’t add up in WIV’s story of RaTG13 origins. Now they concede it was sequenced in 2017-18, and not in 2020. @ydeigin
Misc.


But why did WIV in their 2020 preprint seem to imply they only had a short RdRp fragment in 2020? And why did Daszak say the sample was forgotten until 2020?

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.1769

Dollar Index 93.466

Japan Yen 105.85

Swiss Franc 0.9161

Pound 1.3087

Aussie 0.7143

India Rupee 74.9275

South Korea Won 1192.65

Brazil Real 5.2232

Egypt Pound 16.0003

South Africa Rand 17.0617

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If you look at the ECB's broadest Euro index (white), it's near its all-time highs in 2008/9. @RobinBrooksIIF
World Of Finance

So 1.18 in EUR/$ is deceptive (orange), as it doesn't capture that so many currencies have fallen sharply vs USD. Really, that 1.18 is equal to 1.50 or 1.60. Euro is much too strong...

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Keeping it simple - $Gold is very likely headed to $2300, and its buy pullbacks until then @AdamMancini4 1977.00
Commodities

Since 1975, all price action has been controlled by a perfect rising channel and resistance is now $2300, for the 3rd test since 1975. There is an elevated chance it breaks up on this test

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27-JAN-2020 :: “But it is a curve each of them feels, unmistakably. It is the parabola.''
World Of Finance

“But it is a curve each of them feels, unmistakably. It is the parabola. They must have guessed, once or twice -guessed and refused to believe -that everything, always, collectively, had been moving toward that purified shape latent in the sky, that shape of no surprise, no second chance, no return.’’

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THE DAY AFTER TOMORROW AFRICA’S BATTLE WITH COVID-19 AND THE ROAD AHEAD @IEAKenya and @orfonline
Africa


The average life expectancy calculated for all 54 countries is 64 years

The latest projections suggest that the Sub-Saharan African (SSA) economies will contract by 2.8 percent in 2020,1 the worst downturn experienced by the region in decades. 

The contraction per capita is expected to be even more severe at 5.3 percent, with GDP per capita falling seven percentage points (pp) below the level projected before the COVID-19 outbreak, falling almost back to 2010 levels.2 

The World Bank estimates that about 26 million people across the African continent will be pushed into extreme poverty this year, which could rise further to 39 million if downside risks to growth materialise.3

World Bank’s GDP growth forecasts in January 2020, and June 2020 is utilised. The change is substantial: in January, the World Bank expected the SSA region to grow by three percent in 2020. 

This has since been revised downward by 5.8 pp, to (negative) 2.8 percent. The magnitude of the downward revision is a measure of the severity of economic impact.

Remittances are the biggest source of external financial flows to Africa, amounting to US$82.8 billion in 2018.

Mauritius, Rwanda, Comoros and Burundi have the highest population densities among the African countries being studied, while Botswana, Libya and Namibia have the lowest population densities (See Figure 1). 

High population density usually corresponds to a higher degree of urbanisation and, consequently, increased vulnerability to a pandemic like COVID-19, unless specific containment measures are undertaken.

It is widely accepted that neopatrimonialism drives politics in many countries in Africa, as it does in a vast chunk of the developing world. 

Neopatrimonialism emerges through the vertical distribution of resources, which give rise to robust and highly connected individuals around a leader in a government position or the party.17

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Over 940,000 confirmed #COVID19 cases on the African continent - @WHOAFRO
Africa

Over 940,000 confirmed #COVID19 cases on the African continent - with more than 600,000 recoveries & almost 20,000 deaths cumulatively.

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Africa is entering a Fast Growth ‘’escape’’ velocity Phase #COVID19
Africa


It took 123 days to go from the first case of #coronavirus to 250,000 confirmed cases Africa. From 250,000 to 500,000 21 days. From 500,000 to 750,000 14 days

Africa on track to pass 1 million diagnosed #COVID19 cases shortly @jmlukens

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As confirmed COVID cases more than double in July across African countries, a lack of testing keeps responders in the dark about the real spread of the disease, warns IRC @RESCUEorg
Africa



Each country in Africa where the IRC works has done less than 8,000 tests per million people, compared to the UK (205,782 per million), United Arab Emirates (472,590 per million), and Singapore (199,904 per million).

The countries in Africa where the IRC works which have done the least tests per million are Tanzania* (63 tests per million), Niger (373 tests per million), Chad (383 tests per million, DRC (467 tests per million), and Burundi (563 tests per million).

The UK has done up to 550 times more tests per million than the countries in Africa where the IRC works.

The WHO recommends at least 1 test per 1,000 people per week - while countries like Niger and South Sudan have done 1 test per every 2,680 and 930 people in total respectively.

The WHO recommends countries have a test positivity rate of 5% or under for at least 14 days; Most African countries where the IRC works are not meeting this target, such as Somalia (32%), DRC (21%), South Sudan (18%), Cote d’Ivoire (17%) and CAR (16%).

Despite efforts to expand testing capacities, hard-hit countries need additional resources and support from the international community to expand testing and mitigate the spread of COVID-19.


Confirmed COVID cases across African countries has risen by 500% in the the past two months and more than doubled in July, amidst dire testing shortfalls and poor access to data on the actual extent of the pandemic in crisis-affected countries on the continent. 

The International Rescue Committee (IRC) fears that our COVID response is fighting the epidemic in the dark, and COVID-19 cases are much higher than official numbers suggest.

Stacey Mearns, Senior Technical Advisor of Emergency Health at the IRC, said, “Where testing is insufficient, we are fighting this disease in the dark. The doubling of confirmed COVID cases in July across African countries is alarming, but we are worried that this could be the tip of the iceberg. For all the countries where we work in the region, testing rates fall far below WHO guidelines. Without testing, there are indeed ‘no cases’ - but this does not mean the virus is not spreading unchecked. For example, in Somalia, 32% of those tested are positive - in contrast to 3% in Germany - indicating that a huge proportion of COVID cases are going undetected, leaving the pandemic to spread freely.


“The testing shortfalls make it nearly impossible to understand the extent of the pandemic - let alone put measures in place to stop it. Yet, other indicators show that the spread could be much worse than we know. For example, we are seeing increasing deaths due to acute respiratory syndromes in countries like South Sudan, and a higher percentage of healthcare workers becoming infected in places like Liberia (16%), Niger (16%) and Sierra Leone (15%), compared to just 3% in the US. This is evidence that the pandemic could be hitting harder than the numbers reveal. 


Confirmed COVID cases on the Africa continent were as follows on May 30th, 2020: 140,768, June 30, 2020: 404,267, July 27, 2020: 846,648.

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Africa has a Problem COVID-19 pandemic in Africa is now reaching ‘full speed’ @AP #COVID19
Africa


Africa has a Problem COVID-19 pandemic in Africa is now reaching ‘full speed’ @AP #COVID19 and it’s good to prepare for the worst-case scenario, the Africa Centers for Disease Control and Prevention chief said 

’We’ve crossed a critical number here,” he said of the half-million milestone. 

“Our pandemic is getting full speed.”

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On the 10-MAY-2020 : Africa was at 56,000 confirmed #COVID19 cases
Africa

The number of confirmed cases in Africa has been rising by about 30% a week over the past month, but is set to incline steeply now.

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02-MAR-2020 :: The #COVID19 and SSA and the R Word
Africa



We Know that the #Coronavirus is exponential, non linear and multiplicative.

what exponential disease propagation looks like in the real world. 

Real world exponential growth looks like nothing, nothing, nothing ... then cluster, cluster, cluster then BOOM!

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Ethiopia's Ethio Telecom @ethiotelecom says revenues jumped 31% @ReutersAfrica
Information & Communication Technology



State monopoly Ethio Telecom, expected to be partly sold off as Ethiopia liberalises its economy, saw a 31.4% rise in revenues in the 12 months to end-June, versus a year earlier, the firm’s chief executive Frehiwot Tamiru said 

Ethiopia has said it plans to sell 40 percent of shares in Ethio Telecom, with the government retaining a majority stake.

Speaking at a news conference, Frehiwot attributed the jump in revenues to 47.7 billion birr ($1.37 billion) for the financial year ended June to an expansion of the network and more customers.

The liberalisation of the telecoms sector, which serves a population of 110 million, is part of wider economic reforms launched by Prime Minister Abiy Ahmed and would open up one of Africa’s last remaining state-controlled telecoms markets.


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There is evidence that the trafficking of women and girls from East Africa to the Middle East is now being carried out entirely by East Africans. @ENACT_Africa
Africa



Recent cases and new research by the ENACT organised crime project suggest a shift in the workings of the trafficking value chain as far as the third ‘link’ is concerned. 

There is evidence that the trafficking of women and girls from East Africa to the Middle East is now being carried out entirely by East Africans.

Interviews with victims revealed that they were received in the foreign country by ‘familiar faces’. 

In February 2020, 50 Kenyans, each of whom paid around US$2 000 to supposed employment agencies, were trafficked to the UAE and enslaved in a house by a ‘Mombasa agent’ who has operations in Mombasa and Dubai. 

The victims said there were many such ‘trafficking houses’ run by Kenyans in Dubai, housing other East African nationals such as Ugandans and Tanzanians.

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On 1 Aug. 1975, at the end of the OAU meeting in Kampala, Pres. Amin organised an assault on 'Cape Town' for African leaders to view. @Unseen_Archive
Law & Politics




The Uganda Army--joined by Palestinian commandos--assaulted in island in Lake Victoria & hoisted the OAU flag. It was a model, said Amin,  1/2


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@SafaricomPLC share data
N.S.E Equities - Commercial & Services




Price: 28.30 Market Capitalization: $10.522b EPS: 1.84 PE: 15.380


FY Mpesa Revenue 84.44b vs. 74.99b +12.60% FY Total revenue 262.56b

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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August 2020
 
 
 
 
 
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