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Satchu's Rich Wrap-Up
 
 
Wednesday 01st of March 2017
 
Morning
Africa

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Normal Board - The Whole shebang
Prompt Board Next day settlement
Expert Board All you need re an Individual stock.

The Latest Daily PodCast can be found here on the Front Page of the site
http://www.rich.co.ke

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Odds of a March hike jumped to 72% after hawkish Dudley interview on CNN
Africa


Home Thoughts

I thoroughly enjoyed my visit to Base Titanium.

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23-JAN-2017 :: Base Titanium is a Buy @TheStarkenya
Africa


Base Resources’ share price closed at a 26 month high of 25 Australia
dollar cents and has rallied an extraordinary +640.09% over a 12 month
period. The highest price was clocked in March 2013 (when the
commodity markets were in full swing ) at 53cents. Base Titanium mines
mineral sands at Kwale.

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Letter from Tehran: Trump 'the bazaari' Asia Times
Law & Politics


The art of the deal, when practiced for 2500 years, does lead to the
palace of wisdom. I had hardly set foot in Tehran when a diplomat
broke the news: “Trump? We’re not worried. He’s a bazaari”. It’s a
Persian language term meaning he is from the merchants class or, more
literally, a worker from the bazaar and its use implies that a
political accommodation will eventually be reached.

The Iranian government’s response to the Trump administration boils
down to a Sun Tzu variant; silence, especially after the Fall of
Flynn, who had “put Iran on notice” after it carried out a ballistic
missile test, and had pushed the idea of an anti-Iran military
alliance comprising Saudi Arabia, the UAE, Egypt and Jordan. Tehran
says the missile test did not infringe the provisions of the Iran
nuclear deal and that naval drills from the Strait of Hormuz to the
Indian Ocean, which began on Sunday, had been planned well in advance.

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.0551
Dollar Index 101.54
Japan Yen 113.56
Swiss Franc 1.0084
Pound 1.2368
Aussie 0.7656
India Rupee 66.805
South Korea Won 1138.43
Brazil Real 3.1096
Egypt Pound 15.7995
South Africa Rand 13.1505

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African leadership prize fails to find a winner: again
Africa


Since its launch in 2006, the Ibrahim Prize has only been awarded four
times - to Mozambique's Joaquim Chissano, Botswana's Festus Mogae,
Cape Verde's Pedro De Verona Rodrigues Pires and Namibia's Hifikepunye
Pohamba in 2014.

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Zimbabwe public sector workers to protest over bonuses
Africa


Without balance of payment support from foreign lenders, the southern
African nation is spending more than 90 percent of the national budget
on salaries, leaving no money for infrastructure or bonuses that were
due by December.

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Rural Zimbabwe Empties as Mugabe's Land Reform Policy Unravels
Africa


Forests engulf fields that used to produce some of the world’s best
tobacco around the northern Zimbabwean town of Banket, while barns
that once stored the leaf stand empty, their corrugated iron roofs
ripped off and sold for scrap. Most of the farm workers have left.

“We are 15 here now, from roughly 50,” said 25-year-old Bruce Mahenya,
who lives in a mud-and-grass hut behind a defunct trading store on a
farm about 95 kilometers (60 miles) northwest of the capital, Harare.
“My mother, father and brother have gone. I said I would remain alone
in case things get better, but it’s hard.”

It’s a familiar story across vast tracts of Zimbabwe, where President
Robert Mugabe’s goal of transforming the countryside through the
seizure of about 4,500 white-owned commercial farms remains illusive.
Some of the best acreage fell into ruin because senior ruling party
officials who took it over had no farming expertise. Other farms also
failed because they were given to small producers with no money to pay
for fertilizer and equipment. In recent years, the crisis has been
compounded by drought followed by torrential rains.

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Nigeria's economy shrinks in 2016 for first time in 25 years
Africa


Nigeria's economy contracted 1.5 percent in 2016 due to lower oil
revenues and a shortage of hard currency, the National Bureau of
Statistics said on Tuesday, its first annual contraction in quarter of
a century.

Africa's largest economy slid into recession in the second quarter of
2016 as a slump in crude prices hammered the OPEC member's public
finances and battered the naira currency. Crude sales make up
two-thirds of government revenue.

"This contraction reflects a difficult year for Nigeria, which
included weaker inflation-induced consumption demand, an increase in
pipeline vandalism, significantly reduced foreign reserves and a
concomitantly weaker currency," the statistics office said in a
report.

The International Monetary Fund had predicted Nigeria's economy would
shrink 1.8 percent in 2016. A Reuters poll forecast a 1.2 percent
contraction..

Vice President Yemi Osinbajo said in a statement the GDP data
suggested Nigeria was "well on its way out of recession".

Fourth-quarter GDP increased 4.1 percent from the preceding three
months, the statistics agency said.

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The fundamental paradox at the heart of President Buhari's government is the Naira
Africa


The fundamental paradox at the heart of President Buhari's government
is the Naira. Investors are sidelined waiting for President Buhari's
moment of Epiphany. One senses some Folks are watching a ''Hail-Mary''
Pass - The Price of Crude Oil - and if that Pass does not come off
then problems are set to be compounded.

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Soaring food costs send Kenyan inflation sharply higher
Kenyan Economy


Inflation rose to 9.04 percent year-on-year - above the government's
target range - from 6.99 percent in January, the Kenya National Bureau
of Statistics (KNBS) said. Month on month it rose to 1.80 percent from
1.00 percent.

KNBS said the food and non-alcoholics drinks index gained 3.28 percent
on the month and 16.50 percent on the year, as staples including maize
flour, milk and potatoes rose in price.

That segment accounts for 36 percent of Kenya's inflation basket.

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Isuzu buys 57.7pc stake in GM East Africa
Kenyan Economy


Japanese automaker Isuzu Motors Limited has bought out General Motors’
57.7 per cent stake in General Motors East Africa (GMEA) for an
undisclosed sum.
The transaction will see the motor dealer change its name to Isuzu
East Africa in April to reflect the change of control.
Most of the dealer’s sales are bus, pick-ups and truck brands of the
Japanese multinational whose status shifts from a vehicle supplier to
an owner.
The deal comes at a time when the dealer has steadily grown its market
share in the local new vehicle market to a record 35 per cent last
year, with Isuzu brands representing more than 95.6 per cent of the
sales.

Conclusions

Buy-Out Activity has seriously accelerated.

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Kenya Shilling versus The Dollar Live ForexPros 102.895
Kenyan Economy


Nairobi All Share Bloomberg -6.34% 2017

http://www.BLOOMBERG.COM/quote/NSEASI:IND

124.89 -0.99 -0.79%

Nairobi ^NSE20 Bloomberg -6.02% 2017

http://j.mp/ajuMHJ

2,994.53 -38.80 -1.28%

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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March 2017
 
 
 
 
 
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