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In the last few days somebody has been painting the initial letter of the Arabic word for "resistance "- muqawama-on walls in Mosul. Law & Politics |
Hatred there may be against Isis in Mosul but there is not much people can do about it as they are unarmed and Isis responds ferociously to any sign of dissent. Last August it posted on the wall of the main morgue a list of 2070 people whom it had executed since June 2014 when it captured the city.
The feelings of people in Mosul is important because it is almost exactly two years ago since Isis captured the city and declared its “Caliphate”. Only a few months earlier President Obama had compared the movement to a minor league baseball team that was never going to get anywhere. By seizing Mosul, the second largest city in Iraq, Isis proved him wrong and began a campaign in which it overran western Iraq and eastern Syria, showing the world that there was a new and terrifying player in the Middle East.
Mosul is the last big city held by Isis in the civil war being waged across Iraq and Syria. Isis’s Syrian capital Raqqa is small by comparison. Mosul has kept most of its population and is largely undamaged, while Ramadi, which once had a population of 400,000, is 70 per cent destroyed, Fallujah may soon go the same way and in Aleppo the rebel-held half of the city may now have only a population of 200,000 because of indiscriminate barrel bombing and artillery fire by government forces.
“Around him we all felt like we were strong men, confident. He used to tell us how we would fight for the Islamic State’s [Isis] victory and how we would go to heaven where we would find delicious food, beautiful women and wine and ‘everything you crave’.”
The recruits received rigorous military training supervised by Ali Abdullah, going to woodland around Mosul be taught how to use weapon, explosive belts and bombs as well as how to drive cars and motorbikes. Back in the cellar of the house, which had once belonged to a Christian family, they were permanently hungry living on a handful of dates, bread and water in what was evidently a toughening up process. “During the three months we were there, we only washed properly three times. We all smelt like rats,” the 15-year-old says.
Because of the insanitary conditions in the cellar, the young man got a serious kidney and stomach infection and ended up in Mosul hospital where he was interviewed. He is still intending to become a suicide bomber when he gets well and will follow his friends to paradise.
Though vastly outgunned, Isis can go on killing people for a long time if it continues to recruit and train such fanatics.
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@AbeShinzo Tells Officials He Plans to Delay Sales Tax Increase Law & Politics |
Japanese Prime Minister Shinzo Abe wants to put off a planned sales tax increase for 2 1/2 years, senior officials from his ruling party and its coalition partner said Monday, as Abe prepares to end the speculation that has swirled for months.
“He told me he wants to delay the sales tax increase by two-and-a-half years,” Natsuo Yamaguchi, head of the junior coalition Komeito Party, told reporters after a meeting with Abe. “I felt he was very determined.” Yamaguchi said he would discuss the matter with his party.
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June Jitters Rouse Fund Managers to Cast Their Hedging Nets Wide @business International Trade |
Money managers struggling to develop a clear market view beyond June say they’re turning to gold and the Japanese yen, which tend to benefit when investors become more conservative. Sovereign bonds from major economies are being used as a hedge even though yields are close to historic lows. They’ve slipped to below zero on $8.3 trillion of debt, or about one-third of the total, based on the Bloomberg Global Developed Sovereign Bond Index.
Risk events for investors start as soon as this week, with OPEC’s ministers gathering in Vienna to discuss oil output levels and prices, a European Central Bank meeting and the U.S. payrolls report for May.
“There is universal agreement if we see a Brexit you will initially see a very sharp fall in the pound,” Dowding said, referring to Britain potentially voting to exit the EU. “In as much we are trying to hedge and protect the portfolios we are taking short sterling positions with the view to reflecting that thinking.”
Concern that the outlook may weaken for the U.S., Europe and China, as well as mixed policy signals from central bankers around the world, have contributed to what UBS Group AG Chief Executive Officer Sergio Ermotti called a “paralyzing volatility” that’s scared away clients and caused industry-wide trading revenue to tumble to the lowest since 2009.
Across the Atlantic, much-awaited Fed meetings before and after the British referendum have kept investors and traders guessing. The odds of a rate increase in June implied by federal funds futures almost tripled this month to 34 percent, as markets digested recent hawkish remarks from U.S. policy makers. They rise to 80 percent by year-end.
While stocks have recovered their losses this year, with the broad MSCI ACWI index up 0.9 percent in the period, gains in haven assets signal investors remain relatively cautious. Gold futures have climbed 14 percent, while the yen appreciated 8 percent versus the dollar and developed-market sovereign bonds returned 7.7 percent.
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Katumbi has been all but forced into exile as he faces charges of undermining state security. AFP Africa |
With political tensions soaring over expectations that Kabila wants to extend his rule despite being barred from a third term, Katumbi has been all but forced into exile as he faces charges of undermining state security.
The 51-year-old owner of the Tout-Puissant Mazembe football club had this month announced plans to stand in the election due later this year, but was swiftly hit with an investigation into claims he hired foreign mercenaries.
Katumbi flew to South Africa on May 20 and was admitted to hospital in Johannesburg, with followers saying he was injured during clashes between police and his supporters a week earlier.
"Moise Katumbi left Johannesburg on Friday and landed in London on Saturday," said lawyer Kapiamba.
Another member of Katumbi's team, speaking from Johannesburg, added: "He is out of hospital. He is well, but because of the disorder in Congo, he prefers to rest for the moment.
"He will go back to Congo but we still don't know when," the source said, insisting: "He is a candidate for the presidency."
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Doors Open to Foreign Banks in Somalia After Half-Century Hiatus @business Africa |
Kenyan banks are competing against lenders from Gulf nations seeking licenses to operate in Somalia as the strife-torn country opens up the industry to international companies for the first time in almost half a century.
Somalia’s central bank has held talks with KCB Group Ltd., the owner of Kenya’s largest bank, and Nairobi-based Commercial Bank of Africa Ltd., Governor Bashir Issa Ali said, without identifying any banks from the Gulf.
“They are expressing an interest to gain a foothold in Somalia,” he said in an interview in the Kenyan capital of Nairobi last week. “Banking is one of the most profitable sectors in the country."
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Kenya covers up military massacre @cnn Kenyan Economy |
Nairobi, Kenya (CNN)On January 15, a massive blast shattered the dawn calm at El Adde military base. A suicide bomber had detonated a truck loaded with explosives, the cue for hundreds of fighters clad in camouflage gear to attack.
The raid lasted the entire day; thousands upon thousands of bullets fired by some 300 Al-Shabaab militants in a brutal assault on Kenyan soldiers stationed in Somalia to fight the terrorist group.
By the time the sun set, as many as 141 Kenyan soldiers were dead -- some shot at point-blank range. That figure would make what happened at El Adde Kenya's largest military defeat since its independence in 1963.
But in the months since, there has been no national day of mourning, no roll call of honor, and no explanation.
The only clues to what happened are contained in a propaganda video made by Al-Shabaab itself.
One Western diplomat based in the Somali capital, Mogadishu, told CNN this was clearly a "tactical disaster" for the Kenyans.
"How can two hundred Al-Shabaab walk across a field in broad daylight without the Kenyans noticing? Where were the KDF's machine guns?" he asked. "This is contrary to everything they have been taught, and should be doing in a hostile environment."
"The truth about El Adde is being hidden from Kenyans, not from Al-Shabaab."
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Rare success story of wildlife protection in Kenya @NickClarkAljaz @AJENews @lewa_wildlife Kenyan Economy |
Lewa Wildlife Conservancy shows how conservation and community are bucking the poaching trend that kills thousands.
Lewa Downs, Kenya - Few thought it would work. Even the experts said no chance. But 24 hours after the road underpass opened, the bull elephant slowly stepped through and re-established safe passage on an ancient trail.
Reaching high into the clouds, Mount Kenya is a waypoint on the elephant's inbuilt GPS. For centuries herds in this part of Africa have trodden the route back and forth across the equator to Mount Marsabit in the north.
Then came agricultural fields. And a road network. The old elephant paths were blocked by either cash crops of flowers and tomatoes, or by lorries thundering on tarmac through the foothills.
The elephants took the easy route and fed themselves along the way. Entire crops were destroyed overnight and livelihoods ruined. Elephants were sometimes killed in retaliation.
"The situation was bad," said Mike Watson of the Lewa Wildlife Conservancy. "So we negotiated an elephant corridor, a fenced route, which passes through the agricultural lands. We built the underpass under a busy freeway and now hundreds of elephants travel up and down every year."
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N.S.E Today |
The Closing Prices have not been received as I file this. Equity Turnover picked up speed to clock 503.049m. The Nairobi All Share is at an 8 week Low. The Nairobi NSE20 Index is at a 13 week Low.
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N.S.E Equities - Commercial & Services |
Safaricom eased -0.29% to close at 17.00 and traded 5.747m shares worth 97.972m. Safaricom is +4.29% in 2016 . Safaricom is -2.57% below its 2016 High and will launch itself beyond 17.45 after this period of light Profit-taking.
The Standard Newspaper provided some granularity to the Deloitte Kenya Airways Audit Report. Kenya Airways eased -1.3% to close at 3.80.
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N.S.E Equities - Finance & Investment |
KCB Group eased -1.273% to close at 38.75 and traded 1.261m shares. Bloomberg carried an Interview the Governor of the Central Bank of Somalia who spoke to KCB [and Gulf Banks] and i quote
“They are expressing an interest to gain a foothold in Somalia.”
“Banking is one of the most profitable sectors in the country." he said.
Standard Chartered firmed +0.95% to close at 209.00 and was trading at 211.00 at the Final Bell. Standard Chartered traded 72,300 shares and is +7.179% through 2016. Equity Bank closed unchanged at 39.50 and traded 1.397m shares. Diamond Trust Bank followed on yesterdays 4.95% low volume down move with another 2.08% retreat to close at 188.00 a 4 1/2 month Low.
Centum closed unchanged at 41.25 and saw an uptick in volumes with 1.215m shares changing hands. Centum is -11.29% Year To Date.
Jubilee Insurance was well traded and firmed +0.42% to close at 473.00 with 72,400 shares worth 34.225m changing hands. Jubilee reported a -2.288% FY EPS decline and trades on a PE Ratio of 11.00.
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N.S.E Equities - Industrial & Allied |
EABL ticked -0.34% lower to close at 291.00 and making that a -3.64% 2 session correction off a 2016 closing High. EABL traded 287,300 shares. The Trigger for the Profit taking was the Business Daily Report around distributors demanding a bigger slice but has now surely run its course.
BAT firmed +1.82% to close at 835.00 and closed out the session trading at 850.00 +4.29% at the closing Bell. In a declining interest rate environment, BAT finds favour because its Dividend and Dividend Pay Out Ratio is high and handsome.
KenGen firmed +0.74% to close at 6.70 and above the Rights issue Price of 6.55.
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