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The Economic Meltdown Kenya Is In @johngithongo Julian Rowa @alykhansatchu @theelephantinfo - Speaking truth to power
Kenyan Economy
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An Interview with @peterfrankopan Professor of Global History via @YouTube @RichTvAfrica #COVID19 @UniofOxford cc @EngelsbergIdeas
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Charlie Robertson Interview @RencapMan Global chief economist Renaissance Capital via @RichTvAfrica
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Interview with @Crescat_Capital's @TaviCosta Portfolio Manager via @RichTvAfrica
World Of Finance
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Interview with Tracy Shuchart 𝕮𝖍𝖎 @chigrl @Richtvafrica
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1 second price chart for $GOLD. @ConnorD_LHC 1810.50
Commodities
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22-MAR-2020 :: I believe Gold will soon turn viral to the Upside I am looking for $2,000.00+
Commodities
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Currently, this pullback has formed a textbook bull flag, and a breakout would target the $1850-$1875 zone, where Gold would likely correct from. @AdamMancini4
Commodities
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22-JUN-2020 :: Gold is a No Brainer targets $2,000.00
Commodities
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The virus is not correlated to endogenous market dynamics but is an an exogenous uncertainty that remains unresolved #COVID19
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The pace of recovery for most major advanced economies has slowed somewhat, according to Bloomberg estimates. @dlacalle_IA
World Of Finance
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13-JUL-2020 :: Year of the Virus
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What’s certain is that the whole global economy has been hit by an insidious, literally invisible circuit breaker. @asiatimesonline #COVID19
World Of Finance
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Photo with 30x lens on camera #cometNEOWISE @louisa1000
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It certainly feels like a decade of "semiotic arousal" when everything, it seemed, was a sign, a harbinger of some future radical disjuncture or cataclysmic upheaval.
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“It’s only when you hear the sounds of your ancestors on your tongue that you feel a sense of belonging and the sense of being an African,” he said @mailandguardian @thecontinent_
Africa
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The Way We Live Now
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“They lie deadly that tell you have good faces.” ― William Shakespeare, Coriolanus
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“There is a world elsewhere.” ― William Shakespeare, Coriolanus
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50 years ago, they rolled it out: the first Boeing 747 - @BasuAshis
Tourism, Travel & Transport
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"Just before sunset, the leopard sneaks through the savannah to spot a potential prey" - 'The secret hunter' taken by Thorsten Hanewald @GreatestMara
Africa
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"If we want things to stay as they are, things will have to change." - Giuseppe Tomasi di Lampedusa , The Leopard
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Political Reflections
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Way to Depsang or Doklam? @IndianExpress @PChidambaram_IN
Law & Politics
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“Mr Xi seems to have accurately assessed India’s weakened position as a result of the rapidly sliding economy. Mr Modi seems to have totally failed to read Mr Xi’s intentions.”
The Indian delegation seems to have basked in the glory of the Mahabalipuram sunshine and designated 2020 as the ‘Year of India-China Cultural and People to People Exchanges’.
Later, on December 21, the bonhomie continued at the meeting between the Special Representatives of the two countries.
It is now revealed that Mr Xi had signed in January 2020 a new Training Mobilisation Order (TMO) (see The Hindu, July 13) and, following that
Order, the PLA started planning, mobilisation and movement of troops on their side of the India-China LAC.
Another report (see The Indian Express, July 15) quoted an intelligence official who said that the first intelligence reports on Chinese troop movement were available in mid-April, 2020.
– Were the MEA and the Army HQ not aware of the new TMO?
– Did Army Intelligence and the R&AW not detect the mobilisation of forces on the China side of the LAC?
– Did our satellites not capture images of the movement of Chinese vehicles and troops toward the LAC at several points along the 200-km stretch between Galwan Valley and Pangong Tso?
– Were the intelligence reports of mid-April not analysed, shared at the highest levels and conclusions drawn?
However, it is not clear if Mr Xi also believes that ‘war is not an option’. It is just possible that the PLA has convinced Mr Xi that a limited war-like thrust into India is a viable option and the PLA could take ‘two steps forward and one step backward’.
There are two examples from the recent past: Depsang (2013) and Doklam (2017).
The Chinese vacated the intrusion into Depsang completely, but in Doklam, according to Mr Shivshankar Menon, former NSA, “this started with Doklam, where we negotiated withdrawals by both sides from the face-off point in 2017. The Chinese then proceeded to establish a very strong, permanent presence on the plateau, leaving the face-off point itself free.”
Mr Menon called out the government on Doklam and said, “So, frankly, China learned the lesson that as long as the Indian government could walk away with a propaganda victory, they could actually make gains and change the outcomes on the ground in their favour.”
Six days after the interview (July 13), the government has not explained the actual situation on the ground in Doklam.
Have the Chinese established a strong, permanent presence on the plateau in Doklam? Is Bhutan silent about the Chinese presence because it is helpless and India will not speak up on behalf of Bhutan?
While there are no answers to these questions, the false narrative that was sold is that India repelled the Chinese intrusion in Doklam and that it was a significant ‘victory’ for Mr Modi’s stewardship!
From Where to Where?
The current face-off at multiple places along the LAC could go either the Depsang way or the Doklam way.
Before you read further, you should bear in mind that there are two perceptions (or versions) of the LAC — the Chinese perception and the Indian perception.
With that vital difference in mind, examine the facts. There is no doubt that both sides are withdrawing. The question is, withdrawing from where to where.
Let’s begin with China. If the Chinese troops had not crossed the LAC, according to their perception, they are withdrawing from their own territory to their own territory. There is no loss of territory. If the Chinese troops had crossed the LAC, according to their perception, they are indeed vacating illegally occupied Indian territory.
India’s position is that our troops never crossed the LAC according to our perception, not even on June 15-16.
India has defended the action of Colonel Santosh Babu and his team that objected to structures on Indian territory that had been agreed to be removed at the Commanders’ level meeting on June 5.
So, the unmistakable conclusion is that India is withdrawing from its own territory to its own territory.
How Far Status Quo Ante?
It is common sense that a ‘no troops land’ (akin to a no man’s land) will be created between the new positions of the troops of both sides.
This is the land where the LAC lies, whether according to China’s perception or India’s perception. This space may lead to peace and tranquillity on the border, but it will not resolve the border question. It is obvious that some kind of buffer zone is being created.
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Feb 8, 2018 Does the Indian Establishment and @narendramodi appreciate Chokehold China has over India? Doklam Plateau, Gwadar and Hambantota Ports and the intrusion into the Indian Ocean?
Law & Politics
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Xi Jinping has @narendramodi surrounded from the Plateau to Gwadar to the Hambantota Port
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Amit Shah, Modi's deputy, Party's social-media networks were an unstoppable force. "Do you understand what I'm saying?" he said. "We are capable of delivering any message we want to the public - whether sweet or sour, true or fake."
Law & Politics
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The accelerated growth was "a fantastically crafted fiction," according to Prasad, Blood and Soil in @narendramodi's India @NewYorker
Law & Politics
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MARCH: 51% MAY: 46% JULY: 38% via @SethAbramson TRUMP'S APPROVAL RATINGS ON PANDEMIC RESPONSE @WashingtonPost/ @abcnews polling
Law & Politics
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According to @youyanggu’s estimates more than 300,000 Americans are getting infected with COVID-19 every day. (Due to limited testing only 77,000 cases get confirmed). @MaxCRoser
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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”
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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...”
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140,000 dead Americans. Trump is selling beans. @StephenKing
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In July of 64 A.D., a great fire ravaged Rome for six days, destroying 70 per cent of the city and leaving half its population homeless. Rome's Emperor at the time, the decadent Nero, "fiddled while Rome burned."
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For first time, world records one million coronavirus cases in 100 hours: @Reuters.
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Global coronavirus infections passed 14 million on Friday, according to a Reuters tally, marking the first time there has been a surge of 1 million cases in under 100 hours.
The first case was reported in China in early January and it took three months to reach 1 million cases. It has taken just four days to climb to 14 million cases from 13 million recorded on July 13.
Those countries were the main drivers behind the World Health Organization on Friday reporting a record one-day increase in global coronavirus cases of 237,743.
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Malcolm Gladwell spoke of the Boiling Point ‟Tipping Point‟ moment in an epidemic when a virus reaches critical mass.
World Of Finance
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It’s the boiling point. It’s the moment on the graph when the line starts to shoot straight upwards. #nCoV2019
We are not there yet. The exponential moment is still in front of us.
a virulent plague that “travelled through the air as if on wings, it burned through cities like fire”.
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Total Of Cases --- Worldwide --- Exponential vs X^4 Extrapolation [Since May 1 ] --- Log Scale --- #COVID19 #Coronavirus @oli3be
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My Model is showing 300,000,000 cases by December [Looks like my Model is undershooting] Year of the Virus #COVID19
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*Confirmed* daily case still growing approximately exponentially at ~2%/day, now at ~255k/day and ~14M total. Real infections are many more @Marco_Piani
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Daily New Cases --- Worldwide --- #COVID19 #Coronavirus @oli3be
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Log #COVID19 #Coronavirus @oli3be
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#Chile reports 1,057 new #COVID19 deaths. #Columbia, #SouthAfrica, #Argentina, #Guatemala, & #Panama deaths exponentially growing since at least May. @jmlukens
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#Serbia & #Israel 2nd wave now resulting in death count rise.
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―They fancied themselves free,wrote Camus, ―and no one will ever be free so long as there are pestilences.
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As predicted and replicated, it takes about 3 weeks from when new covid cases spike to the time an increase in deaths are seen. @EricTopol
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#NorthAmerica to pass #Europe in total #COVID19 deaths within days. #SouthAmerica, #Asia, #MiddleEast, & #Africa death totals exponentially growing @jmlukens
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Daily New Deaths --- Worldwide --- Multiple Gaussians Extrapolation --- #Coronavirus #COVID19 @oli3be
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1,000,000 deaths before 10/1
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@PeterJ_Walker nadir to nadir is closer to 4 weeks lag @@EricTopol
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No-one has ever produced a safe and effective vaccine against a coronavirus. Birger Sørensen, Angus Dalgleish & Andres Susrud Immunor & St Georges University of London
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We have seen such a story before over thirty years in the failure of all three mainstream vaccine approaches to HIV
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13-JUL-2020 : Year of the Virus
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We are here
Total Confirmed 12,740,971
My Model is showing 300,000,000 cases by December
summary of #COVID__19 @SandroDemaio
• 1,424,892 cases were confirmed in the last week • 229,759 just in the last 24 hours @MaxCRoser
The #COVID Daily Case Count is above 200,000
cases doubled worldwide in 6 weeks
Malcolm Gladwell spoke of the Boiling Point
Malcolm Gladwell ‟Tipping Point‟ moment in an epidemic when a virus reaches critical mass. It’s the boiling point. It’s the moment on the graph when the line starts to shoot straight upwards. #nCoV2019
We are not there yet. The exponential moment is still in front of us.
a virulent plague that “travelled through the air as if on wings, it burned through cities like fire”.
This is the Comet NEOWISE BBC
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.
Countries that I'm worried about. @MaxCRoser
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
Madagascar 435 nouveaux cas confirmés #covid19mg @NCoVAfrica
A Lot of People whom I follow and who should know better by now keep repeating that the CFR rate is very low. Understand this
A reminder that # deaths from COVID is a *lower bound* not an estimate. Many people will die months later @nntaleb
Here we go round the prickly pear Prickly pear prickly pear
Here we go round the prickly pear At five o’clock in the morning.
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At the beginning of the year it took 88 days until the world reached 2 million confirmed cases. @MaxCRoser
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To reach the next 2 million it took 25 days.
Then 20 days until 6 million,
16 days until 8 million,
13 days until 10 million,
10 days until 12 million,
9 days until 14 million.
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In short, SARS- CoV-2 is possessed of dual action capability. Birger Sørensen, Angus Dalgleish & Andres Susrud Immunor & St Georges University of London
Misc.
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urface exposed.
4. The Spike is so configured that it can bind to cell tissue without use of the ACE2 receptor. Clinically it is widely observed that the Covid-19 virus compromises the functions of olfaction and bitter/sweet receptors, erythrocytes, t-cells, neurons and various tissues such as intestine epithelia. These different targets do not engage and use ACE2 receptor binding.
This new Cys-Cys property inserted into the SARS-CoV-2 Spike does not exist in SARS-CoV We posited that the SARS-CoV-2 general mode of action is as a co-receptor dependent phagocyte. But unusually, simultaneously, data shows that it is capable of binding to ACE2 receptors in its receptor binding domain.
In short, SARS- CoV-2 is possessed of dual action capability. How do we think this was made possible? That is the subject of this paper. We shall argue from evidence below that the likelihood of this being the result of natural processes is very small.
The co-receptor dependent phagocytic general method of action for infectivity and pathogenicity of SARS-CoV-2 appears to be specifically related to cumulative charge resulting from inserts placed on the surface of the Spike receptor binding domain, right next to the receptor binding motif.
That SARS-CoV-2 has charged inserts is not in dispute (Zhou et al., 2020)
What we have shown that is new is that the SARS-CoV-2 Spike carries significant additional charge (isoelectric point (pI) pI=8.2) compared to human SARS-CoV Spike,( pI = 5.67) and the implications thereof.
Basic domains - partly inserted, partly substituted amino acids and partly redistributed from outside the receptor binding domain - explain the salt bridges formed between the SARS-CoV-2 Spike and its co-receptors on the cell membrane.
there are 6 inserts which make the SARS-CoV-2 Spike structurally special.
Blasting the Spike protein with a rolling window of 6 amino acids showed that 78.4% of 6 amino acid windows are human like.
This means that with nearly 80% of the spike protein has a built-in stealth property by having high human similarity.
Therefore, it is remarkably well-adapted virus for human co-existence.
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I am convinced that the only ‘’zoonotic’’ origin was one that was accelerated in the Laboratory.
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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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01-MAR-2020 :: The Origin of the #CoronaVirus #COVID19
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“A paranoid is someone who knows a little of what's going on. ”― William S. Burroughs
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The @WHO announced that even though they originally planned to send a team of experts to investigate about the origin of the #COVID19 virus and pandemic, team won't be deployed at the end of July. @WilliamYang120
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Plans for a World Health Organisation (WHO) mission to China to investigate the coronavirus pandemic have been postponed after two scientists spent a week in a Beijing hotel in quarantine.
The UN agency had hoped to deploy a full team this month if negotiations with Chinese scientists and government officials last week made progress.
But Michael Ryan, head of its health emergencies programme, acknowledged this weekend that the quarantine requirements and “working remotely” had been “not ideal” for the two experts, although he was “very pleased with collaboration” so far.
Putting together a multinational team and bringing it to China would take “weeks, not days”, Ryan said.
He cited challenges of logistics and “health risk management”, an apparent reference to the quarantine.
China requires all foreign arrivals to spend two weeks in isolation. It was not clear whether the WHO hoped that its emissaries would be exempt.
Ryan said the agency “fully respects” the procedure. There was a need for a “concrete plan of action, with remaining gaps and areas that require further study and elaboration to be clearly elucidated”, he said.
His comments seemed to indicate that the advance party — an epidemiologist and an animal health specialist, whose identities have not been revealed — were still negotiating terms for a larger group.
The origins of the pandemic are politically sensitive in China and the subject of controversy more widely.
The exact conditions for the mission — where it can visit, whom it can meet, what data it can study and which scenarios can be investigated — will be crucial to its prospects.
In return for allowing access, China might try to manipulate the visit or demand that investigations be conducted in other countries.
Beijing has insisted that there is no evidence that Covid-19 originated in China, although the central city of Wuhan was ground zero for infections late last year.
Hua Chunying, the foreign ministry spokeswoman, said last week that the WHO agreed “that origin-tracing is an ongoing process, probably concerning many countries and localities, and the WHO will conduct similar trips to other countries and regions in light of the actual need”.
It was not clear whether the UN agency had actually made any such commitment.
This month Donald Trump, the US president, accused the WHO of pandering to China as America submitted its one-year notice to quit the organisation.
Beijing wants the WHO mission to focus on how the virus jumped from animals to humans, rather than on the source of the outbreak.
There is widespread agreement that the virus came from bats, but the route it took to humans is not known.
A Sunday Times Insight investigation, published this month, raised questions about the role of the Wuhan Institute of Virology, a biosecurity laboratory where a bat coronavirus similar to the one that causes Covid-19 was being researched.
There are no plans for the two scientists in the WHO advance party to travel to Wuhan — even when Beijing decides that they can leave quarantine — and it is still not known whether a future team would be allowed into the laboratory.
Some experts have suggested that even if China allows a full mission to go ahead as a gesture of co-operation, WHO scientists will not be able to obtain the information required for an independent inquiry.
“Beijing wants to avoid giving Chinese people any impression from this visit that China was the source of this pandemic,” said Yanzhong Huang, an expert on China’s health system at the Council on Foreign Relations in New York.
“This visit has barely been mentioned by the Chinese authorities, which reflects the whole approach. The composition of any future mission — what they can do, where they can visit — is all subject to negotiation.”
A Dutch epidemiologist who has worked with the WHO said: “There is no confidence in the official data or information that the Chinese have provided about this pandemic.”
China has a record of cover-ups and misleading the WHO when it comes to coronavirus outbreaks.
In 2003, at the height of Sars, Beijing hid patients from WHO inspectors, whistleblower doctors later revealed.
In one incident, 31 patients were bundled out of a hospital and driven around in an ambulance while the WHO team toured the establishment. “This preliminary mission . . . is to understand what has been discovered already, what has been studied already, what the data [is] that’s available, and then from that to lay out what further studies need to be carried out and what international experts will be useful in engaging with and partnering with Chinese colleagues,” said Ryan.
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The @WHO are going to China for a break.
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The WHO are going to China for a break.
This is a time for self-reflection, for all of us involved in the #COVID19 response to look in the mirror; to look at the world we live in and to find ways to strengthen our collaboration as we work together to save lives and bring this pandemic under control.
.@WHO experts will travel to #China this weekend to work together with their Chinese counterparts to prepare scientific plans for identifying the zoonotic source of #COVID19. @DrTedros
“An inquiry that presupposes — without evidence — that the virus entered humans through a natural zoonotic spillover and that fails to address the alternative possibility that the virus entered humans through a laboratory accident, will have no credibility,” said Richard Ebright, a molecular biologist at Rutgers University in New Jersey.
“To have any credibility and any value, an investigation must address the possibility that the virus entered humans through a laboratory accident and must also address the further possibility that the ability of the virus to infect humans was enhanced through laboratory manipulation — ‘gain-of-function research of concern’.”
Dear @MaEllenSirleaf & @HelenClarkNZ The starting point of your enquiry has to be precisely what is being precluded below because “If they can get you asking the wrong questions, they don't have to worry about answers.” #COVID19
I am convinced that the only ‘’zoonotic’’ origin was one that was accelerated in the Laboratory.
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.
According to Daszak, the mine sample had been stored in Wuhan for six years. Its scientists “went back to that sample in 2020, in early January or maybe even at the end of last year, I don’t know. They tried to get full genome sequencing, which is important to find out the whole diversity of the viral genome.”
However, after sequencing the full genome for RaTG13 the lab’s sample of the virus disintegrated, he said. “I think they tried to culture it but they were unable to, so that sample, I think, has gone.”
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24-FEB-2020 :: @WHO is captured. And millions of lives will have been trifled with #COVID19 the Game is Up. #COVID19 Game is Up. #COVID19
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It seems like Dr Adhanom is a psychic and knows the outcomes of the pending investigation. Deadly @WHO coverup continues with hoax inquiry @SkyNewsAust
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Marr asks Chinese ambassador to the UK Liu Xiaoming to explain footage from China of handcuffed and blindfolded detained people @BBCPolitics
Law & Politics
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21-OCT-2019 :: Unless we are now going to Xinjiang the Whole World A Million People Are Jailed at China’s Gulags. I managed to escape.
Law & Politics
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Currency Markets at a Glance WSJ
World Currencies
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Euro 1.1460
Dollar Index 95.879
Japan Yen 107.25
Swiss Franc 0.9392
Pound 1.2546
Aussie 0.6991
India Rupee 74.9275
South Korea Won 1203.00
Brazil Real 5.3850
Egypt Pound 15.9689
South Africa Rand 16.7061
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Dollar Index 3 Month Chart INO 95.861
World Currencies
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Euro versus the Dollar 3 Month Chart 1.1462
World Currencies
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$NFLX area of interest @Level4TA [BUY THIS DIP]
World Of Finance
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23-SEP-2019 :: I, therefore, am putting out a ‘’conviction’’ Buy on Netflix at Friday’s closing price of $270.75. $NFLX
World Of Finance
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My Mind kept to an Article I read in 2012 ‘’Annals of Technology Streaming Dreams’’ by John Seabrook January 16, 2012.
“This world of online video is the future, and for an artist you want to be first in, to be a pioneer. With YouTube, I will have a very small crew, and we are trying to keep focused on a single voice. There aren’t any rules. There’s just the artist, the content, and the audience.”
“People went from broad to narrow,” he said, “and we think they will continue to go that way—spend more and more time in the niches— because now the distribution landscape allows for more narrowness’’.
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Netflix has added nearly 26 million subscribers in the first half alone, compared with 28 million it added for the whole of 2019 @Reuters.
World Of Finance
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“We view the sub guide as conservative and believe the current dearth of viewing options, including lack of sports, positions Netflix as the go-to option,” Piper Sandler analysts said.
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Commodity Markets at a Glance WSJ
Commodities
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Crude Oil 6 Month Chart INO 40.27
Minerals, Oil & Energy
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South Africa⁵ overtakes Peru⁶ to leave the #BRICS on Brazil² India³ Russia⁴ SA⁵ + source China²⁶ As so often the USA¹ leads the world @video4me
Emerging Markets
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Global R around 1.1 as cases trend up
>10%: Guatemala⁴⁵
>5%: Kenya⁷⁰ Costa Rica⁷⁵ Palestine⁸³ Madagascar⁸⁷
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10-MAY-2020 : We are witnessing a Spill Over into EM and Frontier Geographies #COVID19
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1 million cases with new confirmed infections now averaging over 32,000/day @DavidInglesTV
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Brazilian President @jairbolsonaro feeds birds and rides his motorbike at his official residence @Reuters
Law & Politics
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In Brazil we have a toxic mix of a ‟Voodoo‟ President @jairbolsonaro and a runaway #COVID19
Law & Politics
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This continent of ours is the Netflix of geopolitics @thecontinent_
Africa
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There’s something for everyone, but sometimes there’s so much of everything that we feel like switching off altogether. Then a week passes, and Africa asks: “Are you still watching?”
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Ibrahim Boubacar Keita’s presidency is at risk of cancellation after a month of protests led by opposition coalition M5- RFP. @mailandguardian @thecontinent_
Law & Politics
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In response a Save Keita campaign has been launched, led by the man himself, who has offered to meet with the opposition, dissolve the constitutional court, and form a new “inclusive government”.
And he’s had his son resign as head of parliament’s defence committee. He’s doing so much! Except for, you know, taking the hint and stepping down.
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Drug trafficking / From the maskani to the mayor: The political economy of heroin markets in East and Southern Africa @ENACT_Africa
Africa
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The Southern Route – a network moving Afghan drugs south across the Indian Ocean and onward through Tanzania, Kenya and Mozambique to South Africa.the Southern Route – a network moving Afghan drugs south across the Indian Ocean and onward through Tanzania, Kenya and Mozambique to South Africa.The regional economy should be understood as comprising dozens of urban nodes strung together by transport corridors
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.@Breakingviews With Zimbabwe’s currency in freefall once again, the country's leaders are blaming everything except for their own addiction to money printing. @edwardcropley explains
World Of Finance
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.@Breakingviews With Zimbabwe’s currency in freefall once again, the country's leaders are blaming everything except for their own addiction to money printing. @edwardcropley explains how taking aim at the stock market and mobile money networks will only make matters worse
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21-JAN-2019 :: There is a correlation between high Inflation and revolutionary conditions
World Of Finance
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Zimbabwe Accuses Biggest Mobile Phone Firm of Money Laundering @business.
World Of Finance
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Zimbabwe’s police have accused Econet Wireless Ltd., the country’s dominant mobile phone company, of money laundering, demanded a list of its subscribers and issued a search warrant against it.
The move escalates a clash between the government and company whose money transfer service facilitates the bulk of transactions in the southern African country. The government says its activities are contributing to the rapid depreciation of the national currency.
In an order against the company, the police accused the company of creating fictitious mobile money, converting it to cash and then buying foreign currency on the black market before sending it out the country.
On June 26 the country banned most of those transactions and has now said it plans to force Econet’s Ecocash unit to use a government-run money-transfer platform.
Calls to Econet’s spokesman, Fungai Mandiveyi, weren’t answered.
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09-SEP-2019 :: Emmerson @edmnangagwa who was eulogising Mugabe as a Revolutionary Icon has failed and is frankly as untenable as his erstwhile Mentor.
Law & Politics
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The people were saying, ‘What good is liberation without food?’
Africa
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There has been a 27% increase in the number of confirmed cases of #COVID19 in the African Region in past week. @WHOAFRO
Misc.
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Highest percentage increase in incidence cases: Lesotho 181% Namibia 60% Madagascar 54% (from 3 472 to 5 343 cases), Burundi 41% and Angola 40%
Africa
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Lesotho and Namibia have been among the top five countries recording the highest percentage increase for the past three reporting periods.
Equatorial Guinea and United Republic of Tanzania did not officially submit reports indicating any confirmed case.
highest case fatality ratios were observed in seven countries: Chad* (8.5%), Niger (6.2%), Algeria (5.1%), Burkina Faso (5.1%), Mali (5.0%), Liberia (4.9%)*, Angola (4.8%) and Gambia (4.7%).
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In the last two weeks, the cumulative number of confirmed #COVID19 cases has grown by: • 54% in Africa • 32% in South America • 32% in Asia • 31% in North America • 30% in Oceania • 8% in Europe @redouad
Africa
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Africa on track to pass 1 million diagnosed #COVID19 cases in two weeks. @jmlukens
Africa
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Africa has a Problem COVID-19 pandemic in Africa is now reaching ‘full speed’ @AP #COVID19
Africa
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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.”
Cumulative total of *reported* #COVID19 cases in Africa @Covid_Africa
From 1st case to 100,000 cases: 98 days 100,000 to 200,000 cases: 18 days 200,000 to 300,000 cases: 12 days 300,000 to 400,000 cases: 9 days 400,000 to 500,000 cases: 7 days
South Africa is the Precursor for the rest of Africa
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13,449 new cases. Daily doubling rate = 18.4 days • 49,006 tests conducted. Daily positivity rate = 27.4% • Active cases = 168,236 @rid1tweets
Africa
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• 85 more deaths today
• 8,829 additional recoveries
• Active cases = 168,236
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The economy may be contracting because of Covid-19 – but the funeral business is on the up. @mailandguardian @thecontinent_
Africa
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For a Do-It-Yourself kit costing R2,600 ($156), trainees receive learning materials including a video and an infant coffin as an example. For R4,600 ($276) people can attend a two-day course at the school.
Coffins that can be made and sold for R2,000 ($120) are being sold for R20,000 ($1,200) by undertaking businesses, he said.
Louw said demand for training is so strong that they plan to open training schools in Cape Town soon.
Louw described the inquiries he is receiving about ready-made coffins and caskets – distinguished by their tapered shape – as “frightening”.
He estimates the cheapest, well-built coffin could cost as little as R1,200 ($72). Some businesses now also offer sturdy cardboard coffins.
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It took 123 days to go from the first case of #coronavirus to 250,000 confirmed cases across the continent of Africa. From 250,000 to 500,000? Only 21 days. @Covid_Africa
Africa
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Cumulative total of *reported* #COVID19 cases in Africa @Covid_Africa
Africa
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From 1st case to 100,000 cases: 98 days
100,000 to 200,000 cases: 18 days
200,000 to 300,000 cases: 12 days
300,000 to 400,000 cases: 9 days
400,000 to 500,000 cases: 7 days
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Africa is now accelerating off a Low base
Africa
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Over 293,000 confirmed #COVID19 cases on the African continent - @WHOAFRO
Africa
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On the 10-MAY-2020 : Africa was at 56,000 confirmed #COVID19 cases continent
Africa
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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.
There was a lot of FOX News level, mathematically illiterate magical thinking about Africa and how it was going to dodge a ‘’Silver Bullet’’
That thinking is now debunked. Africa is playing ''Whack a Mole'' with a blindfold on
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Nigeria has only done 1 test per 1,000 people. @MaxCRoser
Africa
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02-MAR-2020 :: The #COVID19 and SSA and the R Word
Africa
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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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10-MAY-2020 :: The worrying development is Transmission Hotspots #COVID19 and the Spillover Moment
Africa
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Kano in Nigeria for example
Western Cape growing at an alarming rate @sugan250388
Someone with close knowledge of the medical profession said it was almost impossible to secure a hospital bed in several cities.
The Aga Khan hospital in Dar es Salaam had a well-equipped ward for 80 coronavirus patients, but several were dying each night, he said.
The Question for SSA is whether these Transmission Hot Spots expand and conflate?
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Oct. 1962: Malawi leader Dr. Kamuzu Banda is carried shoulder-high upon his arrival at Nairobi Airport. He spent two days in Kenya then proceeded to London for independence talks. Malawi won independence in 1964 with Banda as President. @HistoryKE
Law & Politics
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GADO: New President Chakwera in Malawi @theelephantinfo
Law & Politics
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South Africa All Share Bloomberg
World Of Finance
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Dollar versus Rand 6 Month Chart INO 16.71
World Currencies
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Egypt Pound versus The Dollar 3 Month Chart INO 15.9766
World Currencies
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Egypt EGX30 Bloomberg
Emerging Markets
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Stanbic IBTC Bank, said it will halve the spending limit for offshore card transactions to $500 per month from Monday and will limit cash withdrawals to $100.
World Of Finance
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Stanbic IBTC Bank, the local unit of South Africa’s Standard Bank, said it will halve the spending limit for offshore card transactions to $500 per month from Monday and will limit cash withdrawals to $100.
Another top tier lender Zenith Bank said it will temporarily suspend the use of debit cards abroad for cash withdrawals and cut the monthly spending limit abroad by more than half to $200.
“This review is in response to today’s economic realities,” Zenith said in a notice, advising clients to request prepaid dollar cards.
Other lenders — Ecobank and Fidelity Bank — have also lowered withdrawal limits for individuals while abroad.
Such moves have previously been at the behest of the central bank, but it was not clear if the regulator was behind the latest action. The central bank did not respond to a request for comment.
The bank is battling to conserve dollar reserves that are down 19% from a year ago. Last week it depreciated the currency on the official market prompting the naira to weaken on the black and over-the-counter spot markets.
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09-DEC-2019 :: Time to Big Up the Dosage of Quaaludes
World Of Finance
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02-MAR-2020 :: Balance Sheets are maxed out
World Of Finance
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5 March 2020 Debt, virus and locusts create a perfect storm for Africa @TheAfricaReport
Africa
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Ghana Stock Exchange Composite Index Bloomberg
Africa
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Late 15th cent. Ethiopian painting Diptych of Mary and the son with various apostles and angels. tempera on wood by a follower of ethiopian painter Fre Seyon @rhaplord
Africa
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From a turnaround of 24 hours when the virus first struck in Kenya in March, it is now taking more than seven days to get results. @dailynation
Africa
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Meanwhile, those tested go on with their lives and may infect others.
The lack of testing kits, staff and closure of testing centres has exacerbated the situation.
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Playing ''Whack a Mole'' with a blindfold on
Africa
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Interest rates on all the Treasury bills tenors decreased and massively over subscribed @ouma_timothy
Kenyan Economy
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The yields on the 91-day, 182-day, and 364-day papers declined by 26.3 bps, 23.5 bps, and 23.6 bps respectively to 6.0%, 6.5%, and 7.5% @CytonnInvest
Kenyan Economy
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2018 Eurobond Issue The yield on the 10-year Eurobond closed at 7.6% and 30-year Eurobond at 8.5% @CytonnInvest
Kenyan Economy
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According to the National Treasury, the debt to service revenue ratio is estimated at 45.2% at the end of 2019 @CytonnInvest
Kenyan Economy
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The @UN office in Nairobi is putting up a 160-bed facility at the Nairobi Hospital for its staff who may be infected with Covid-19. @dailynation
Africa
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The facility is expected to be complete in five to eight weeks, according to reliable sources
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Haile Selassie, Jafaar El-Nimeiry, Idi Amin, & the Aga Khan at the pageant marking Kenya's anniversary of independence, Dec. 1973. From @Reuters @Unseen_Archive
Kenyan Economy
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One of the floats featured the great distance runner Kip Keino; others represented Kenya's industries & govt. ministries.
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Kenya Shilling depreciated by 0.5% against the US Dollar to close the week at Kshs 107.5, from Kshs 106.9,
World Currencies
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Nairobi All Share Bloomberg -20.5% 2020
N.S.E General
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Nairobi ^NSE20 Bloomberg -28.1% 2020
N.S.E General
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NSE is currently trading at a price to earnings ratio (P/E) of 7.8x @CytonnInvest
N.S.E General
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Every Listed Share can be interrogated here
N.S.E General
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