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Satchu's Rich Wrap-Up
 
 
Friday 19th of February 2021
 







.@elonmusk I am become meme, Destroyer of shorts
Africa


Mr. Musk can pump [and dump] just about anything with a tweet. he has superpowers.

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A very rare sight, the Acropolis covered with snow @YiannisBab
Tourism, Travel & Transport


Quite amusing how the snow makes it much clearer that this is, fundamentally, a fortress.

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The Dragon's blood tree with a starry sky in sunrise in Dixam, Socotra, Yemen. @riverwill_kay
Misc.


Dragon's blood tree, Dracaena cinnabari, Socotra, Yemen. Living for up to 500 years, these bizarre trees are unique to the island of Socotra

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“And then I never saw him again”: this phrase recurs with eerie frequency in the work of the Chilean-born writer Roberto Bolaño @NewYorker
Misc.


A band of literary guerrillas, whom Bolaño christened the infrarealistas. The group’s aesthetic, Bolaño later said, was French Surrealism fused with “Dadaism, Mexican style.”

Another prominent Mexican writer, Carmen Boullosa, has spoken of her “fear,” before approaching a lectern, that infrarealistas might be lurking in the audience: “They were the terror of the literary world.”

they fund a magazine, Lee Harvey Oswald, by trafficking in Acapulco Gold marijuana. Yet the purpose of this illicit activity couldn’t be purer. “We were all in complete agreement that Mexican poetry must be transformed,” Madero proclaims.

In one of several poems that Roberto Bolaño wrote about Mario Santiago, he speaks of “the dream of our youth / the most valiant dream of all.” 

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Roberto Bolaño by Carmen Boullosa @BOMBmagazine
Misc.



Roberto Bolaño belongs to the most select group of Latin-American novelists. Chile of the coup d’état , Mexico City in the 1970s, and the reckless youth of poets are some of his frequent subjects, but he also takes up other themes: César Vallejo’s deathbed, the hardships endured by unknown authors, life at the periphery. 

Born in Chile in 1953, he spent his teenage years in Mexico and moved to Spain at the end of the ’70s



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After the Apocalypse @HorvatSrecko
Misc.


"If the Apocalypse already happened and there is no new beginning, no new epoch after this already dystopian epoch, then what we are living now is already the post-apocalyptic present in which our only horizon is the 'naked Apocalypse' - or extinction."



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02-JUN-2020 :: Fast Forward Its about the moment of Epiphany
Law & Politics

I would argue that Civil unrest levels are now globally at unprecedented levels that COVID19 was a circuit breaker and that ‘’Risk’’ is now blinking amber

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Data from #Covid19 worldwide as of February 17: + 393 684 cases in 24 hours @CovidTracker_fr
Misc.



Data from #Covid19 worldwide as of February 17: + 393 684 cases in 24 hours, i.e. 109 901 874 in total + 11,301 deaths in 24 hours, i.e. 2,430,880 in total

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Coronaviruses such as SARS-CoV-2 have an evolutionary superpower called “recombination” which allows two closely related viruses to mix-and-match their genomes into novel combinations. @newscientist
Misc.



Unlike regular mutation, which proceeds slowly one change at a time, recombination can produce wholesale changes in a coronavirus genome in one single swoop.

The hybrid is a mash-up of the B.1.1.7 variant first detected in Kent, UK, late last year, and the lesser-known B.1.429, which appears to have originated in southern California. 

Both are known to be circulating in the Los Angeles area.


Both of these variants carry mutations on their spike proteins that appear to confer an advantage. B.1.1.7 has one called Δ69/70, which makes the virus more transmissible. 

B.1.429 has a different one called L452R, which can confer resistance to antibodies. Perhaps worryingly, the hybrid virus carries both.


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08-FEB-2021 :: We are at peak vaccine euphoria
Misc.






We are at peak vaccine euphoria

Global covid19 cases [are] falling at just under 2%/day @video4me

No one wants to think that

If you have a "normal" pandemic that is fading, but a "British variant" that is surging, the combined total can look like a flat, manageable situation. @spignal


They fancied themselves free, wrote Camus, ―and no one will ever be free so long as there are pestilences.

We've updated our preprint on the transmissibility of SARS-CoV-2 VOC 202012/01, aka B.1.

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Currency Markets at a Glance WSJ
World Currencies



Euro 1.2099

Dollar Index 90.505

Japan Yen 105.64

Swiss Franc 0.8959

Pound 1.3975

Aussie 0.7792

India Rupee 72.52

South Korea Won 1106.375

Brazil Real 5.4270

Egypt Pound 15.6571

South Africa Rand 14.5695

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‘Horrible’: Witnesses recall massacre in Ethiopian holy city @AP
Africa




Bodies with gunshot wounds lay in the streets for days in Ethiopia’s holiest city. 

At night, residents listened in horror as hyenas fed on the corpses of people they knew. But they were forbidden from burying their dead by the invading Eritrean soldiers.

Those memories haunt a deacon at the country’s most sacred Ethiopian Orthodox church in Axum, where local faithful believe the ancient Ark of the Covenant is housed. 

As Ethiopia’s Tigray region slowly resumes telephone service after three months of conflict, the deacon and other witnesses gave The Associated Press a detailed account of what might be its deadliest massacre.

For weeks, rumors circulated that something ghastly had occurred at the Church of St. Mary of Zion in late November, with estimates of several hundred people killed. 

But with Tigray cut off from the world and journalists blocked from entering, little could be verified as Ethiopian and allied fighters pursued the Tigray region’s fugitive leaders.

The deacon, who spoke on condition of anonymity because he remains in Axum, said he helped count the bodies — or what was left after hyenas fed. He gathered victims’ identity cards and assisted with burials in mass graves.

He believes some 800 people were killed that weekend at the church and around the city, and that thousands in Axum have died in all. 

The killing continues: On the day he spoke to the AP last week he said he had buried three people.

“If we go to the rural areas, the situation is much worse,” the deacon said.

The atrocities of the Tigray conflict have occurred in the shadows. Ethiopian Prime Minister Abiy Ahmed, who won the Nobel Peace Prize in 2019 for making peace with neighboring Eritrea, announced the fighting as the world focused on the U.S. election. 

He accused Tigray’s regional forces, whose leaders dominated Ethiopia for nearly three decades before he took office, of attacking the Ethiopian military. Tigray’s leaders called it self-defense after months of tensions.

While the world clamors for access to Tigray to investigate suspected atrocities on all sides and deliver aid to millions of hungry people, the prime minister has rejected outside “interference.” 

He declared victory in late November and said no civilians had been killed. His government denies the presence of thousands of soldiers from Eritrea, long an enemy of the Tigray leaders.

Ethiopia’s narrative, however, has crumbled as witnesses like the deacon emerge. 

The official overseeing Tigray’s state of emergency, Redwan Hussein, didn’t respond to questions.

Axum, with its ancient ruins and churches, holds major significance for the Ethiopian Orthodox faithful, who believe that the Ark of the Covenant, built to hold the tablets inscribed with the Ten Commandments, is located there.

“If you attack Axum, you attack first of all the identity of Orthodox Tigrayans but also of all Ethiopian Orthodox Christians,” said Wolbert Smidt, an ethnohistorian who specializes in the region. 

“Axum itself is regarded as a church in the local tradition, ‘Axum Zion.’”

In a normal year, thousands of people would have gathered at the Zion church in late November to celebrate the day Ethiopians believe the Ark of the Covenant was brought there after it disappeared from Jerusalem in ancient times.

Instead, the church had become a refuge for people who fled the fighting elsewhere in Tigray. 

They sheltered there as worship services were underway two days before the anniversary.

Eritrean and Ethiopian soldiers had arrived in Axum more than a week earlier, with heavy bombardment. 

But on Nov. 28 the Eritrean soldiers returned in force to hunt down members of the local militia who had mobilized against them in Axum and nearby communities.

The deacon recalled soldiers bursting into the church, cornering and dragging out worshippers and shooting at those who fled.

“I escaped by chance with a priest,” he said. “As we entered the street, we could hear gunfire all over.” 

They kept running, stumbling over the dead and wounded along with others trying to find places to hide.

Most of the hundreds of victims were killed that day, he said, but the shooting and looting continued the following day.

“They started to kill people who were moving from church to home or home to home, simply because they were on the street,” another witness, visiting university lecturer Getu Mak, told the AP. 

“It was a horrible act to see.” He watched the fighting from his hotel room, then ventured out as it eased.

“On every corner, almost, there was a body,” he said. “People were crying in every home.”

Another witness, who spoke on condition of anonymity for fear of retaliation, said soldiers killed a man at his home near the Zion church. 

“How can I tell you? So many dead,” said the man, who has since escaped to the Tigray capital, Mekele.

After the killings in Axum came an uneasy period with soldiers roaming the streets and families searching for loved ones. At night, hyenas descended from nearby hills.

The city began to smell of death as some bodies went untouched for days.

“I saw a horse cart carrying around 20 bodies to the church, but Eritrean soldiers stopped them and told people to throw them back on the street,” said Getu, the university lecturer.

Finally, when the soldiers left the city to pursue other fighters, residents mobilized to bury the bodies, the deacon said.

“We could not do a formal burial,” he said. “We buried them en masse” in graves near the Zion church and others.

Some of the dead were among the hundreds of thousands of people in Tigray displaced by the conflict and not known to Axum residents. 

Their identity cards were collected in churches, where they await the discovery of loved ones.

The deacon said residents believe the Eritrean soldiers were taking revenge for the two-decade border war between Ethiopia and Eritrea that played out nearby and ended after Abiy became prime minister. 

Some of the soldiers told residents they had been instructed to kill people as young as 12, he said.

Another witness, a 39-year-old who gave only his first name, Mhretab, and escaped weeks ago to the United States, asserted that Ethiopian federal police did nothing to rein in the Eritrean soldiers.

“I said to them, ’Listen, you’re Ethiopian, they’re destroying Ethiopian cities. How is this possible?‴ Mhretab recalled.

”They said, ‘What can we do? This shouldn’t have happened from the beginning. This is from above,’” indicating that it had been decided by senior officials, he said.

He said he ferried bodies to a mass grave by the Zion church and estimated that he saw 300 to 400 there.

The deacon believes that the Eritrean soldiers, in their hunt for Tigray fighters, have killed thousands more people in villages outside Axum. 

“When they fight and lose, they take revenge on the farmers and kill everyone they can find,” he said. “This is what we’ve seen in the past three months.”

Getu echoed that belief, citing his uncle, who survived such a rural confrontation.

The deacon has not gone to the villages outside Axum. His work remains with his church, where services continue even as he says the Tigray conflict is as fierce as ever.

“We’re also protecting the church,” he said. “Even now, I’m talking to you from there. We are not armed. What we do is mostly watching. And, of course, praying that God protects us.”


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@PMEthiopia has launched an unwinnable War on Tigray Province.
Africa



Ethiopia which was once the Poster child of the African Renaissance now has a Nobel Prize Winner whom I am reliably informed

PM Abiy His inner war cabinet includes Evangelicals who are counseling him he is "doing Christ's work"; that his faith is being "tested". @RAbdiAnalyst

@PMEthiopia has launched an unwinnable War on Tigray Province.

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The fugitive leader of Ethiopia’s defiant Tigray region on Monday called on Prime Minister Abiy Ahmed to “stop the madness” and withdraw troops
Africa


The fight is about self-determination of the region of around 6 million people, the Tigray leader said, and it “will continue until the invaders are out.” 

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The United Arab Emirates is dismantling parts of a military base it runs in the East African nation of Eritrea @AP
Africa



The UAE built a port and expanded an airstrip in Assab beginning in September 2015, using the facility as a base to ferry heavy weaponry and Sudanese troops into Yemen as it fought alongside a Saudi-led coalition against Iranian-backed Houthi rebels there.


The Emiratis also built barracks, aircraft canopies and fencing across the 9-square-kilometer (3.5-square-mile) facility initially built in the 1930s by colonial power Italy.

Over time, the UAE stationed Leclerc battle tanks, G6 self-propelled howitzers and BMP-3 amphibious fighting vehicles at the airport, according to United Nations experts. 

Those types of heavy weapons have been seen on Yemeni battlefields. Attack helicopters, drones and other aircraft have been seen on its runways.


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Corona ni ugonjwa @IssaShivji
Africa



Haina heshima wala utii

Haidekezi wala kujipendekeza

Haina ubaguzi wala ustaarabu

Haipendi wala kuchukia

Huwezi kuifunga wala kuifukuza

Huwezi kuitisha wala kuihonga

Haina uongo wala unafiki

Ukweli wake ni moja tu

INAUA INAUA INAUA


Corona is a disease

It has no dignity or obedience

It is neither flattering nor flattering

It is neither discriminatory nor civilized

Like it or not

You can't shut it down or chase it away

You cannot intimidate or bribe

It is neither false nor hypocritical

His truth is only one

KILLS KILLS KILLS KILLS


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Summary of COVID-19 Cases in Africa Active 352,782
Africa


-32.157% below 520,000 record high from January 2021 

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South Africa Covid Variant Tied to 16-Fold Boost in Cases in Zambia @markets
Africa


A coronavirus variant first detected in South Africa was linked to a 16-fold increase in cases in neighboring Zambia within a month, showing it has the ability to spread more swiftly and efficiently than the original strain.

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The politicians who mismanaged the pandemic committed "social murder" and must be held accountable, writes @bmj_latest @KamranAbbasi @EricTopol
Africa



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


COVID19 Treatment in Tanzania @Chahali


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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”
Africa



Ibn Khaldun explained the intrinsic relationship between political leadership and the management of pandemics in the pre-colonial period in his book Muqaddimah 

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”

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The second wave of COVID-19 in Kenya has declined, although the test positivity rate remains above the recommended 5.0% threshold, at 8.3%. @WHOAFRO
Africa



Kenya has so far shown two waves of infection, the first in July/August 2020, with a second peak in mid-November 2021, during which there were a higher number of new daily cases recorded than during the first peak.


The variant B.1.351/501Y.V2, originating in South Africa, has now been detected in two people from the coastal region of the country from samples collected in mid- December 2020.

A total of 1 241 367 samples have been collected since the start of the pandemic, giving an overall positivity rate of 8.3%.

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.@BatKenya British American Tobacco Kenya Ltd reports FY 2020 EPS +42.033%
N.S.E Equities - Industrial & Allied



Par Value:                  10/-

Closing Price:           437.00

Total Shares Issued:          100000000.00

Market Capitalization:        43,700,000,000

EPS:             55.18

PE:               7.919

  

BAT reports FY 2020 Earnings through 31st December 2020

FY 2020 Gross Revenue 38.845b versus 39.827b -2.00%

FY Excise Duty and VAT [13.506b] versus [15.788b]

FY Net Revenue 25.339b versus 24.039b +5%

FY Cost of Operations [17.750b] versus [18.313b]

FY Profit from Operation 7.589b versus 5.726b

FY Profit before Tax 7.416b versus 5.533b

FY Profit after Tax 5.518b versus 3.885b

FY Dividend 45 versus 33.5 +34.32% 

FY EPS 55.18 versus 38.85 +42.033% 

FY Cash at End of year 1.884b versus 1.811b

Company Commentary 

Consumer disposable income was significantly adversely impacted as evidenced by reduced domestic volumes and downgrading to lower priced offers

illicit Trade in tax-evaded cigarettes doubled to an estimated 23%

-24% decline in domestic sales mitigated by higher export sales 

Net revenue increased by 5% driven by higher export revenues and lower excise duty and VAT [reduction in VAT rate in April 2020]

Operating margin increased by 6 percentage points 

Profit after Tax increased by 1.6b to 5.5b reflecting increase in net revenue reduction in costs and reduction in corporation Tax rate in April 2020

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BAT profit grew by KES 1.6bn in 2020. issued a final dividend of KES 41.50. on top of the KES 3.50 interim dividend leading to a total dividend of KES 45 for 2020. @TheAbojani
N.S.E Equities - Industrial & Allied


Conclusions

Outstanding results juiced by higher export volumes and lower taxes in the reporting period.

a Cheap Share with a dividend yield of 10.2974% 

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Longhorn Kenya Ltd reports HY 2020 Earnings
N.S.E General



Par Value:                  

Closing Price:           4.79

Total Shares Issued:          369940476.00

Market Capitalization:        1,772,014,880

EPS:             -0.61

PE:                 -7.852

  

A leading Publishing firm in East Africa.

Longhorn Kenya reports HY Earnings through 31st Dec 2020 

HY Revenue 288.515m versus 342.514m

HY Gross Profit 91.220m versus 111.105m

HY Operating Expenses [143.394m] versus [389.262m]

HY Finance Costs [93.158m] versus [110.050m]

HY [Loss] before Tax [145.333m] versus [388.207m]

HY [Loss] after Tax [145.333m] versus [294.837m]

Cash and Cash Equivalents 10.630m 

Company Commentary

challenging environment  arising from COVID19 crisis and the related suspension of learning in schools.

Regionally Uganda and Tanzania revenue grew by 263% and 19% respectively

At half year, Uganda had already surpassed Full prior year revenue by 61% while Tanzania represented 4th straight year of growth.

First Sales in Francophone market of 94m

Operating expenses reduced by 41%

Digital SOMO product

Conclusions

challenging and challenged 

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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February 2021
 
 
 
 
 
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