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Satchu's Rich Wrap-Up
 
 
Wednesday 07th of July 2021
 
Morning
Africa


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Bank Station @London_W4
Misc.


I passed through this station hundreds of times. I never saw it empty 

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"Erotismo y poesía, el primero es una metáfora de la sexualidad, la segunda una erotización del lenguaje". - Octavio Paz @lectorland
Misc.


"Eroticism and poetry, the first is a metaphor for sexuality, the second an eroticization of language."

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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.
Misc.



Rumi pronounced that “We come spinning out of nothingness, scattering stars like dust.”

And the Mevlana as he was wont to do intuited the Truth
We now know that Nearly half of the atoms that make up our bodies may have formed beyond the Milky Way and travelled to the solar system on intergalactic winds driven by giant exploding stars, astronomers claim. 

The dramatic conclusion emerges from computer simulations that reveal how galaxies grow over aeons by absorbing huge amounts of material that is blasted out of neighbouring galaxies when stars explode at the end of their lives.
“Science is very useful for finding our place in the universe,” said Daniel Anglés-Alcázar, an astronomer at Northwestern University in Evanston, Illinois. 

“In some sense we are extragalactic visitors or immigrants in what we think of as our galaxy.”
“Our origins are much less local than we thought,” said Faucher-Giguère. “This study gives us a sense of how things around us are connected to distant objects in the sky.” 

However Don DeLillo brings us right back to Earth pronouncing We’re the last billionth of a second in the evolution of matter.

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“The 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,” Hunter S Thompson.
Law & Politics



Access to oil defined 20th-century empires and the petrodollar agreement was the key to the ascendancy of the United States as the world’s sole superpower America’s war machine runs on, is funded by, and exists in protection of oil. 

Threats by any nation to undermine the petrodollar system are viewed by Washington as tantamount to a declaration of war against the United States of America. 

The Chavez Revolution was always a rebellion in the Superpower’s back yard and the machine was eventually going to bring it to heel by hook or by crook.

world’s largest oil deposits in the Orinoco Belt

The long-term repercussions are that the US could challenge Russia and Saudi Arabia’s OPEC+ alliance and advance its “Fortress America” geopolitical project in the Western Hemisphere

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.1831
Dollar Index 92.512
Japan Yen 110.56
Swiss Franc 0.9236
Pound 1.3810
Aussie 0.7500
India Rupee 74.7375
South Korea Won 1139.19
Brazil Real 5.1971
Egypt Pound 15.6877
South Africa Rand 14.3369

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Cases are doubling every three weeks, and the continent is on the verge of exceeding its worst week of the pandemic.
Africa


“You will see a fourth, fifth and sixth wave and it will be extremely difficult for us to survive as a people. Let us be very clear that is what is at stake.”

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‘Silent mass drowning’: Call for urgent supply of vaccines as delta variant threatens Africa @Telegraph
Misc.


Africa is facing a “perfect storm” of Covid-19, Tony Blair, the former British prime minister, has warned, with cases surging by almost 2,000 per cent in just a month in some parts of the continent.  
It is an “urgent, vital necessity” to increase vaccine supply to Africa as the delta variant begins to take hold, Mr Blair wrote in the foreword of a new report, published on Tuesday.  
However, other leading figures said that the focus for the short-term needs to shift away from vaccines to dealing with the acute emergency unfolding in many African countries.  
Vaccines could help prevent another wave of infections but are too late to stop the “India-scenario” already sweeping across Africa, according to Dr Ayoade Alakija, co-chair of the Africa Union Vaccine Delivery Alliance. 

Instead, countries need oxygen, treatments, testing and field hospitals, she said.
Nations including South Africa and Uganda have already sounded the alarm about rising infections and overwhelmed hospitals, and on Friday Dr Matshidiso Moeti, World Health Organization Africa director, said that the continent was facing its worst week in the pandemic so far. 

New cases have been rising across Africa for six weeks in a row, and went up by 25 per cent to almost 202,000 in the week ending 27 June, close to the peak in the second wave in January. 

The continent-wide picture obscures astonishing growth in certain countries: cases have rocketed in Mozambique, Rwanda and Malawi by 172 per cent, 138 per cent and 110 per cent respectively in the last two weeks alone.
Uganda has seen a 2,000 per cent increase in the last month, figures from Mr Blair’s Institute for Global Change showed.
Deaths are going up, too: by 23 per cent in the last week on average, and 80 per cent in the last month. 

Liberia, Rwanda, Kenya and Mozambique have seen the biggest jumps, up by 380 per cent, 217 per cent, 202 per cent and 186 per cent respectively in the last two weeks. 

By the middle of June, Liberian hospitals were full and turning patients away. 

Namibia is building two field hospitals. 

In South Africa, people are buying oxygen cylinders online to keep at home in case of emergency, as the health system is overwhelmed.  

The delta variant is believed to be responsible for much of the new, third wave, but the picture is unclear in a number of countries as testing – let alone genomic sequencing – is sparse.
Africa is not unique in facing the threat of the delta variant, as the graph below shows. First identified in India, where it caused devastation, the variant's spread in countries from the UK to Thailand has sparked fresh outbreaks. 

However, Africa remains the least vaccinated region in the world, with only around one per cent of the population fully vaccinated.  

Describing the delta variant as a “game changer”, Mr Blair warned: “The speed and scale of the third wave of Covid-19 is unprecedented in Africa, and it risks overwhelming health systems across the continent, with extremely serious consequences for lives and livelihoods.”
In a foreword to a briefing from the institute on the pandemic in Africa, Mr Blair said that other countries must step up.
“There is now an absolutely urgent, vital necessity for the world to step up vaccine supply to Africa. We know all the reasons why vaccines promised have not been delivered. But the longer this unacceptable situation continues, not only Africa but the whole world is at risk.”
However, Dr Alakija – who has been calling for vaccines in Africa for months – said that while vaccines remain critical in the longer-term, the focus now needs to be on dealing with the emergency. 

“We are in acute emergency mode – we need to prepare oxygen, field hospitals, health workers, declare humanitarian emergencies in countries where the systems are overwhelmed, and have surge capacity people coming in if needs be,” she said.
She said that the pandemic in Africa was “silent”, with people suffering or dying at home
“In India we had the burning funeral pyres that the whole world looked at in horror,” she said. 

“This is like watching bodies slide under water, a silent mass drowning where people are reaching their hands up for help but no-one is watching and nobody can see.” 

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February 1st 2021 ‘The genie out of the bottle’ @AfricanBizMag
Africa


It’s impossible for the state to manage a guerrilla war up there and at the same time manage to control the rest of the country.



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November 8, 2020 @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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I wrote this in 2 JUL 18 :: :Ethiopia Rising
Africa



“To create one contagious movement, you often have to create many small movements first.” 

“Look at the world around you. It may seem like an immovable, implacable place. It is not, With the slightest push—in just the right place—it can be tipped.”—Malcolm Gladwell .
He has been Prime Minster for 90 days. During those 90 days, he has criss-crossed the country, ended a state of emergency, released thousands of political prisoners, thawed relations with Eritrea 

[29 Mar 2018 HE Abiy Ahmed @PM_AbiyAhmed - It is time. Lets build a wall of love between #Ethiopia & #Eritrea], 

bagged a $1b from the UAE, announced a dramatic economic about-turn. 

In matters language and linguistics, he has tapped into a ‘’Nelson Mandela’’ 1994 mood. 

These 90 or so days represent the most consequential arrival of an African politician on the African stage since Mandela walked out of prison blinking in the sunlight and constructed his ‘’rainbow nation’’.
 It’s all about speed and velocity. Paul Virilio terms it ‘dromology’, which he defined as the “science (or logic) of speed“. 

He notes that the speed at which something happens may change its essential nature, and that which moves with speed quickly comes to dominate that which is slower.
“Whoever controls the territory possesses it. Possession of territory is not primarily about laws and contracts, but first and foremost a matter of movement and circulation.”
Virilio argues that the traditional feudal fortified city disappeared because of the increasing sophistication of weapons and possibilities for warfare. 

For Virilio, the concept of siege warfare became rather a war of movement.
Abiy Ahmed has moved at lightning speed, the old guard is like ‘’the traditional feudal fortified city’’.
He said “The ppl of Tigray are still begging for a drop of water; TPLF (the party) is not the people of Tigray”.
On the same day he said, “we are in debt, we have to pay back but we can’t. And secondarily, we aren’t able to finish projects we have started” and announced his economic Pivot. 

FX reserves were at less than a month’s worth of imports and something needed to be done. Expectations are high.
The Prime Minister needs to execute real quick on the economic front but if he levels the playing Field, a whole Troop of folks will be looking to pile in. 

That Troop will include the Ethiopian Diaspora, Foreign Investors and I am sure our very own Safaricom 
Abiy Ahmed’s first 90 days have been as remarkable as the less than 90 minutes of France’s Mbappe’s performance on Saturday.

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Then he starts a war…@DavidNdii
Africa



Seems forgotten that TPLF relinquished power because Ethiopia was on brink of economic meltdown. 

First mission as PM was negotiate emergency credit line from UAE. 

Olive branch to Eritrea and insurgents was coz they were broke. 

Ethiopia is on an IMF bailout. Then he starts a war…

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Ethiopia’s consumer price #inflation increased from 19.8% in May to 24.5% in June. @PatrickHeinisc1
Africa


Food prices that have the largest weight in the goods basket (54%) increased from 23.7% to 28.7%.

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Mobutu had the remains of assassinated Rwandan president Juvénal Habyarimana stored in a mausoleum in Gbadolite.
Africa


On 12 May 1997, as Kabila's rebels were advancing on Gbadolite, Mobutu had the remains flown by cargo plane from his mausoleum to Kinshasa where they waited on the tarmac of N'djili Airport for three days.
On 16 May, the day before Mobutu fled Zaire, Habyarimana's remains were burned under the supervision of an Indian Hindu leader.

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IMF revised forecasts for #Angola are really positive and still conservative @RencapMan
Africa


With Brent oil forecast at $60 in 2021 vs prior $48:
C/A surplus revised up nearly 9 times higher from 0.6% of GDP to 5.2% of GDP  
Govt debt slashed from 113% of GDP to 104%!

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