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Monday 12th of October 2020
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The falcon cannot hear the falconer; Things fall apart; the centre cannot hold
World Of Finance
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‘’At the moment of vision, the eyes see nothing’’. The moment of Vision’’ is in essence a non-linear thing, its a moment of deep insight.
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24-FEB-2020 :: a “V- shaped” recovery #COVID19 is a FANTASY
World Of Finance
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Goodbye V? IMF will gather next week under cloud of worst recession since Great Depression @Schuldensuehner
World Of Finance
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Goodbye V? IMF will gather next week under cloud of worst recession since Great Depression, and a recovery dependent on scientists finding vaccine. While IMF flagged small upward revision to its 2020 forecast, experts warn of ‚reverse square root’ recovery
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No-one has ever produced a safe and effective vaccine against a coronavirus. Birger Sørensen, Angus Dalgleish & Andres Susrud
Misc.
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Pink Floyd - Wish You Were Here
Misc.
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Carlos Fuentes [ID: There is nothing absolute / Everything changes, everything / moves, everything re- / volves - everything / flies and goes away.] @WendyDyck4
Misc.
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Tired of log graph? Get some new perspective about our insignificance in the history of the universe by looking at a loglog graph @Marco_Piani
Misc.
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We're the last billionth of a second in the evolution of matter DON DELILLO, Point Omega
Misc.
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Space Image of the Day Stonehenge, four thousand year old monument to the Sun, provides an appropriate setting for this delightful snapshot of the Sun's children gathering in planet Earth's sky. @Radiocom1G
Misc.
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While the massive stone structure dates from around 2000 B.C., this arrangement of the visible planets was recorded on the evening of May 4th, 2002 A.D.
Bright Jupiter stands highest above the horizon at the upper left. A remarkable, almost equilateral triangle formed by Saturn (left), Mars (top), and Venus (right) is placed just above the stones.
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By 2100 we expect the global population to reach 9 billion. @adam_tooze
Misc.
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The Alan Parsons Project - I Wouldn't Want to be Like You
Misc.
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The song "Mack the Knife" was witten by Kurt Weill for his wife Lotte Lenya. Here Ms Lenya sings "Mack the Knife" in its original German.
Misc.
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I wonder if sunsets look like this on other planets. @just_sham_it
Africa
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Murals, films and dioramas by the French artist @JRart @saatchi_gallery @TheArtNewspaper
Misc.
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“Now is the winter of our discontent” BY WILLIAM SHAKESPEARE (from Richard III, spoken by Gloucester)
Misc.
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Political Reflections
Law & Politics
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Kim Jong Un has attended the ruling party's 75th anniversary celebrations. @SkyNews
Law & Politics
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This Man is a Body Double
Law & Politics
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Azerbaijan released footage of the airstrikes against Armenian military overnight. @QuickTake
Law & Politics
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Panicking @10DowningStreet dumps @realDonaldTrump and woos @JoeBiden @thesundaytimes
Law & Politics
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Ministers have been told to forge links with the White House frontrunner Joe Biden after “writing off” Donald Trump’s chances of re-election, amid fears that the UK could be left out in the cold if the former vice-president wins.
Boris Johnson has been warned that Trump is on course for a landslide defeat with his Democratic opponents set to land a historic “triple whammy” by seizing control of the presidency, the Senate and the House of Representatives.
“They’re writing off Trump in No 10 now.”
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4-NOV-2019 :: Pollice verso or verso pollice is a Latin phrase, meaning "with a turned thumb", that is used in the context of gladiatorial combat.
Law & Politics
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Daily virus cases around the world topped a record 350,000 on Friday @Schuldensuehner
Misc.
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#COVID19 There is no miracle Cure Drinking the Kool-Aid
World Of Finance
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A virulent plague that “travelled through the air as if on wings, it burned through cities like fire”.
Misc.
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383,359 new cases of coronavirus worldwide, the biggest one-day increase on record, according to WHO. 8,575 new deaths #COVID19 @BNODesk
Misc.
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#COVID19 The world recorded more than one million new cases of the coronavirus in just the last three days, the highest total ever in such a short span @nytimes
Misc.
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A hot spot has emerged in Britain, which has suffered the highest number of virus-related deaths in Europe. Spain and France, which set a record Friday with 20,339 new cases and then again Saturday with 26,896, are also experiencing a second wave of soaring cases.
Argentina, which has seen more than 90,000 new cases in the past seven days, is a hot spot in South America, as are Brazil and Colombia.
However, the United States is one of the largest contributors to the surging global tally.
On Friday, the country recorded more than 900 new deaths and more than 58,500 new cases, the highest number of new cases it has reported in a single day since mid-August.
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27-JUL-2020 :: Drinking the Kool-Aid We are not there yet. The exponential moment is still in front of us. #COVID19
World Of Finance
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10-MAY-2020 :: We are trending in the 80,000-100,000 #COVID cases a day now. We have crossed 4,000,000 cases.
Misc.
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02-JUN-2020 :: Fast Forward Daily Confirmed Cases are in 100,000-120,000 range
Misc.
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Newly reported cases reached a high of 130,400 on June 3.
Misc.
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24-FEB-2020 :: "The greatest shortcoming of the human race is our inability to understand the exponential function." - Professor Allen Bartlett
Misc.
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350,766 new cases of coronavirus worldwide, the biggest one-day increase on record, according to WHO. 6,339 new deaths @BNODesk
Misc.
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The exponential moment is still in front of us. #COVID19
Misc.
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USA should be planning for large #COVID19 case count in Fall-Winter. @jmlukens
Misc.
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Forte augmentation synchronisée du nombre de cas Covid-19 dans de nombreux pays européens.@vincentglad
Misc.
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- Grande-Bretagne : +147% en une semaine
- Suisse : +137%
- Pologne : +81%
- Italie : +74%
- Allemagne : +57%
- Pays-Bas : +54%
- France : +34%
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For the first time, the positivity rate in France has reached 10%, compared to 5.4% last month and 2.3% in May @BNODesk
Misc.
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#UnitedKingdom daily cases grew 2.45x past two weeks and now averages 13,677 new cases per day. @jmlukens
Misc.
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Next year should spell new leader for the Tories @thetimes @ClareFoges
Law & Politics
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Now is the winter of our discontent
Made glorious summer by this sun of York;
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Winter of Discontenet
Law & Politics
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After Callaghan returned from a summit conference in the tropics at a time when the hauliers' strike and the weather had seriously disrupted the economy, leading thousands to apply for unemployment benefits, his denial that there was "mounting chaos" in the country was paraphrased in a famous Sun headline as "Crisis? What Crisis?" Conservative leader Margaret Thatcher's acknowledgement of the severity of the situation in a Party Political Broadcast a week later was seen as instrumental to her victory in the general election held four months later after Callaghan's government fell to a no-confidence vote.
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@BorisJohnson [asked] How do you plead with an algorithm?’’
Law & Politics
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@BorisJohnson spoke of ‘’Smart cities [which] will pullulate with sensors, all joined together by the “internet of things”, bollards communing invisibly with lamp posts..... [and asked] How do you plead with an algorithm?’’
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Year of the Virus
World Of Finance
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Central Bank of Iran has announced numerous changes, including that it now lists the yuan as the country’s main foreign exchange currency, in place of the US dollar. @Ben__Rickert
World Currencies
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What we know is this: Iran is at the Hunter S. Thompson[Ian] edge. “There is no honest way to explain it because the only people who really know where it is are the ones who have gone over''
Misc.
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International Markets
World Of Finance
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Currency Markets at a Glance WSJ
World Currencies
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Euro 1.1819
Dollar Index 93.061
Japan Yen 105.49
Swiss Franc 0.9106200
Pound 1.3040
Aussie 0.7229
India Rupee 73.0725
South Korea Won 1148.25
Brazil Real 5.5271
Egypt Pound 15.7203
South Africa Rand 16.4911
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US Dollar nears 2020 lows... Markets continue to price in a large package coming out of Washington. @Convertbond
World Currencies
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27-JUL-2020 :: Drinking the Kool-Aid Gold Conclusions $DXY < 90.00
World Of Finance
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US Dollar Index $DXY Algorithmic Chart @MC2085 93.061 [88.00 Target]
World Currencies
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27-JUL-2020 :: Drinking the Kool-Aid Gold Conclusions Euro 1.25
World Currencies
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$EURUSD 15min Chart: As of the close Friday 9th 2020. @FXPIPTITAN 1.1819
World Currencies
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Stock gains this year: @JonErlichman
World Of Finance
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Zoom: +624%
Tesla: +419%
Peloton: +333%
Etsy: +231%
Docusign: +204%
Square: +199%
Shopify: +176%
Nvidia: +134%
Teladoc: +161%
Pinterest: +133%
PayPal: +82%
Amazon: +79%
Netflix: +67%
Snapchat: +65%
Salesforce: +64%
Apple: +59%
eBay: +54%
Adobe: +52%
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Commodity Markets at a Glance WSJ
Commodities
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24-FEB-2020 I would venture Gold is correlated to the #Coronavirus which is set to turn parabolic and is already non linear and exponential ~ or as that great French Thinker Paul Virilio described it ~ has “escape velocity”
Commodities
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Fantastic follow through for $GOLD today and attempting a breakout of the multi-month falling wedge its been building since August. As posted yesterday $1920 is the breakout point $1960 next up @AdamMancini4
Commodities
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Lana Del Rey - Off To The Races
Misc.
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Sky is the limit, folks…@TaviCosta
Commodities
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“Even if policy actions ultimately prove to be greater than needed, they will not go to waste” - Jay Powell
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27-JUL-2020 :: Drinking the Kool-Aid Gold Conclusions $2,200+
Commodities
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Gold 6 month INO 1929.00
Commodities
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Crude Oil 6 Month Chart INO 40.19
Minerals, Oil & Energy
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Emerging Market FX Debt Already soared in 2019... Going higher in 2020-2021 @dlacalle_IA
Emerging Markets
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In some countries, the economic downturn has been even more pronounced – the IMF forecasts the economy in #SouthAfrica will contract by 8%, in #Nigeria by 5.4%. @Covid_Africa
Africa
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Debt, virus and locusts create a perfect storm for Africa @TheAfricaReport
Africa
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@OurWorldInData data on COVID-19 testing Latest positive rates in Africa: Ethiopia: 11.3% Congo - Kinshasa DRC: 11.2% Morocco: 10.2% S. Africa: 8.3% Mozambique: 8.3% Kenya: 6.2% Uganda: 5.8% Nigeria: 2.9% @redouad
Africa
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#COVID19 and SSA and the R Word
Africa
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Over 1.5 million confirmed #COVID19 cases on the African continent - with more than 1.2 million recoveries & 37,000 deaths cumulatively. @WHOAFRO
Africa
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They fancied themselves free, wrote Camus, ―and no one will ever be free so long as there are pestilences
Africa
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#Tunisia 4,360 new #COVID19 cases yesterday most in Africa followed by #Morocco (3,443) and #SouthAfrica (2,544). @jmlukens
Africa
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South Africa average growth rate increased 11% past two weeks. Tunisia total diagnosed cases growing on average 9.5% per day past week.
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Angolan president says former regime stole $24 billion. Angola is seeking to recover almost $24 billion its current president says was stolen by the former ruling family and its associates @moneyacademyKE
Law & Politics
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14-OCT-2019 :: It seems to me that we are at a pivot moment and we can keep regurgitating the same old Mantras like a stuck record and if we do that this turns Ozymandias
Africa
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09-DEC-2019 :: Time to Big Up the Dosage of Quaaludes
Africa
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South Africa All Share Bloomberg
Africa
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Dollar versus Rand 6 Month Chart INO 16.48
World Currencies
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Egypt Pound versus The Dollar 3 Month Chart INO 15.7197
World Currencies
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Ghana Stock Exchange Composite Index Bloomberg
Africa
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“Africa #Pathogen_Genomics_Initiative”, a public-private partnership #AfricaResponds #AfricaPG @JNkengasong @PromesseCKaniki
Africa
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And Voila Genomic Surveillance
Africa
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.@StanbicKE Growth strengthens to 29-month high in September
N.S.E Equities - Finance & Investment
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Kenyan output expands at fastest rate since April 2018
New order growth reaches strongest since start of 2016
The latest PMI survey data indicated a strong upturn in Kenyan private sector output in September, with growth reaching the most marked for nearly two-and-a-half years as the government relaxed coronavirus disease 2019 (COVID-19) restrictions.
Customer demand expanded at the sharpest rate since January 2016, leading to a quicker rise in backlogs. As a result, job numbers were broadly stable after falling in the six previous months.
Nevertheless, future expectations dipped to their lowest since the series began in 2014.
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Kenya borrowed Sh374 billion in two months, pushing the country’s total public debt to more than Sh7 trillion by the end of August 2020. @StandardKenya
Kenyan Economy
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The second coronavirus wave in Kenya is solid. @MihrThakar
Africa
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Usable foreign exchange reserves stood at USD 8,457 million @ouma_timothy
Kenyan Economy
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‘Rape, beatings and death’ at Kakuzi the Kenyan farm that helps feed the UK’s avocado habit @thesundaytimes
Kenyan Economy
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Court papers allege guards at estate in Kenya that supplies @Tesco @sainsburys & @LidlGB have committed human rights abuses
Guards working for Kakuzi, a farming estate the size of Manchester, are accused of extreme violence against the local community in 79 claims.
The allegations, dating from 2009 to January this year, include battering a 28-year-old man to death for allegedly stealing avocados, the rapes of 10 women, and attacks on villagers walking on paths through Kakuzi land. Former employees of Kakuzi are among the claimants.
The case has stirred uncomfortable echoes of colonial-era exploitation and raised difficult questions for British supermarkets, including Tesco, Sainsbury’s, Lidl and Marks & Spencer, who have all been supplied with avocados from Kakuzi.
Among the barristers instructed in the case is Amal Clooney, the London-based human rights specialist.
The lawsuit is directed at the farm’s British parent company, Camellia, whose headquarters are at Linton Park, a grade I listed former stately home in Kent.
Camellia has farming interests in several other Commonwealth countries, including India, Bangladesh and Malawi.
Speaking from near Kakuzi on Friday, the 45-year-old mother of the 28-year-old man who died claimed that the estate’s security guards beat her son after accusing him of stealing avocados on his way home across the property.
Kakuzi guards told police the man had sustained his injuries falling from a tree. Although avocado trees can grow to more than 30ft, the fruit hangs much lower and can often be picked without climbing.
The victim died of his injuries in a Nairobi hospital and his mother, whose identity is protected by the lawsuit, was unable to see him before he died.
“He was killed on allegations of stealing avocado fruit. You cannot compare avocado with human life,” she said. An avocado costs 75p by the time it reaches Tesco.
“It changed my life completely. My son used to help me a lot because I don’t have a husband — we separated.”
Kakuzi representatives said the “very unfortunate incident” was reported to police, who continue to investigate the circumstances surrounding the death.
They said they forwarded a request to the director of public prosecutions to hold an inquest and that a civil case had been settled, apparently with the man’s father. The mother has rejected any settlement.
For villagers living on or around the estate it is impossible to avoid using Kakuzi land.
The farm has been rapidly expanding its avocado planting to meet soaring demand and employs around 470 security guards working in shifts. Its land is also used to farm macadamia nuts, blueberries, timber and livestock.
Villagers say they live in fear of Kakuzi guards, hiding if they see them coming. The guards are armed with “rungus”, long wooden clubs that were a traditional Masai weapon and remain legal in Kenya. Some also have panga knives.
“These guards are very hostile to us,” said a 44-year-old man who claimed to have been beaten badly in 2018. “They treat us as suspects. Any time they get you walking through Kakuzi you’re always suspected to be a thief.”
Kakuzi responded that its crops need to be protected from theft, given the vast scale of the farming operation, its proximity to Nairobi and the fact that a hectare of avocados is worth more than £27,000.
Yet the court papers suggest the guards’ behaviour has gone far beyond theft protection. A 61-year-old woman from Gateya village near the farm said she was collecting firewood in one of Kakuzi’s forests in July 2016 when she was accosted by two security guards.
She said on Friday: “One started asking for money from me [a sum of around 36p]. I told him I did not have it. He said, ‘If you don’t have it, that’s OK but now you have to do anything I tell you.’ I told him that I will not do anything.”
She claims she was then assaulted. “He forced me to the ground. Immediately he was on top of me and then he ripped off my pants. I was not able to move, I was not able to do anything, so he raped me. When he was done the other one came on top of me and he also finished what he wanted to do.”
She said she was so ashamed that she did not tell her daughters and endured months of pelvic pain. When she sought medical advice the following year she was told she was HIV positive.
“Just seeing these guards, my heart starts beating fast and I’m so scared,” the woman said. “Just the sight of their uniform horrifies me.”
Camellia, which employs about 78,000 people worldwide, made a profit last year of £15m after tax on a turnover of £291.5m.
The firm has argued that Kakuzi, which is listed on the Nairobi and London stock exchanges, is run by its own board on behalf of its largely Kenyan shareholders, although both companies share some executives.
The parent company said in a statement: “Camellia bought a 50.7% stake in the 1990s but doesn’t have operational or managerial control of Kakuzi, nor does it control the board.”
The lawsuit, brought by the UK law firm Leigh Day, argues that the Camellia group was negligent because it managed Kakuzi closely and executives worked for both companies and would have been aware of incidents of human rights abuses.
Daniel Leader, the barrister leading the case, said: “Instead of providing remedy to these victims, the corporate response to date shows that the company has little understanding of how to respond appropriately to serious human rights issues.”
Wilson Odiyo, Kakuzi’s assistant general manager for corporate affairs, responded in a statement last week: “We take any accusations of criminality extremely seriously. When things go wrong — as they will in a company that employs over 3,000 people where the land is criss-crossed by public roads and paths — Kakuzi does what you would expect a reasonable employer to do. We investigate the cause, make amends where we can, work with the authorities to ensure justice for those affected and learn for the future.”
In July 2018 a visiting UN team reported hearing “credible accounts” of abuse and urged Kakuzi “to supplement police investigations of alleged wrongdoing with its own credible investigations and to strengthen its training and oversight mechanisms for security guards”.
Yet the attacks did not stop and the lawsuit details further allegations this year.
Camellia’s Kenyan farm traces its roots back to the colonial era. A pair of English adventurers arrived in Kenya in 1906 in the hope of “obtaining sport and reducing an adverse bank balance”.
Lord Cranworth and his friend Donald Seth-Smith acquired 10,117 hectares of land in Makuyu, halfway between Nairobi and Mt Kenya.
More than a century later, legal battles over land ownership are still being fought between the Kakuzi company — owners of the original Makuyu estate — and villagers who say they were displaced to make way for farmland.
The post-colonial lawsuits and allegations of violence are threatening to turn into an embarrassment for British companies under pressure to monitor their supply chains for human rights abuses.
Mary Kambo, a programme manager at the Kenya Human Rights Commission, which has been documenting abuses at the farm, said: “The UK retailers who continue to source from Kakuzi are flouting principles of responsible business conduct that require sourcing companies to ensure that their supply chains are devoid of human rights violations.
“These retailers — which include Lidl, Tesco and Sainsbury’s — are aware of the reports by victims of Kakuzi abuse because the Kenya Human Rights Commission filed a formal complaint with the Ethical Trading Initiative severally in 2019.”
The three British supermarkets all said last week that they were investigating the claims of abuse. Marks & Spencer said it no longer received avocados from Kakuzi but declined to comment on how recently it had stopped selling them. It was named in Kakuzi’s accounts as being a client as recently as June. Waitrose said it stopped selling Kakuzi produce in 2017.
Supermarket responses
Sainsbury’s said: “We continue to work closely with other UK retailers and the Ethical Trading Initiative (ETI) to urgently investigate and address these reports.
Tesco said: “Any form of human rights abuse in our supply chain is unacceptable. We have been working closely with the ETI to investigate this issue.”
Lidl said: “Given the systemic nature of the allegations, a working party was established with multiple stakeholders, including several other retailers and suppliers, to undertake a full independent investigation from which an action plan was agreed, and its implementation is being monitored by the ETI.”
The parent company of the Kenyan farm involved said: “Camellia understands that, as anyone would expect, Kakuzi is investigating these very serious allegations.”
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Local residents say they live in fear of the Kakuzi farm’s guards @thesundaytimes
Africa
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Human rights lawyer Amal Clooney has been instructed in the Kakuzi case JOSIAH KAMAU @thesundaytimes
Africa
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The mother who believes her son was killed by Kakuzi avocado farm guards @thesundaytimes
Africa
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Kakuzi Ltd. share price data
N.S.E Equities - Agricultural
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Par Value: 5/-
Closing Price: 385.00
Total Shares Issued: 19600000.00
Market Capitalization: 7,546,000,000
EPS: 36.4
PE: 10.577
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Fuliza vs Mshwari use-cases according to @NCBABankKenya group MD & CEO @JohnGachora @TheAbojani
N.S.E Equities - Finance & Investment
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Shot location - Nairobi National Park The frame - Ngong Hills @Wanzalla
Africa
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Kenya 2018 Eurobond 10-year and 30-year at 6.8% and 8.3% respectively @CytonnInvest
Kenyan Economy
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Kenya Shilling versus The Dollar Live ForexPros
World Currencies
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.@NSE_PLC YTD performance losses of 15.8%, 21.3%, and 30.8%, for NASI NSE 25 and NSE 20 respectively @CytonnInvest
N.S.E General
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Nairobi All Share Bloomberg
N.S.E General
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Nairobi ^NSE20 Bloomberg
N.S.E General
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Kenya: Crown Paints is set to raise Sh711.8M through a rights issue. — Business Daily H/T @moneyacademyKE
N.S.E Equities - Commercial & Services
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The company plans to sell a total of 71.1m shares to existing shareholders, pricing the offer at Sh10 per share.
This represents a 76.4% discount to its share price of Sh42.5
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Crown Paints Kenya Ltd share price data
N.S.E Equities - Commercial & Services
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Every Listed Share can be interrogated here
N.S.E General
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After 12 hours of fishing overnight the catch of local Kenyan fishermen is a fraction of expectation as foreign fleets are said to be trawling our waters of all the fish. @paulakahumbu
Kenyan Economy
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