home | rich profile | rich freebies | rich tools | rich data | online shop | my account | register |
  rich wrap-ups | **richLIVE** | richPodcasts | richRadio | richTV  | richInterviews  | richCNBC  | 
Satchu's Rich Wrap-Up
 
 
Wednesday 17th of March 2021
 
Morning
Africa


Register and its all Free.

read more




Why 10-Year Treasury Yields Get All the Attention @business
World Of Finance



The result is that the 10-year note is one of the world’s most important benchmarks for the cost of risk-free borrowing and its rate is used to price trillions worth of other securities.

The 10-year yield hovered around 1.61% in mid-March, up from less than 1% at the start of 2021 and as little at 0.31% during the market turmoil of March 2020.

read more





08-FEB-2021 :: The Markets Are Wilding
World Of Finance

 Here is why central banks are trapped and cannot raise rates even if inflation rises: @dlacalle_IA Feb 2

read more















I find Wilson Airport like a magic portal to another world
Africa



I did not take the ‘ox-cart’ but an aeroplane from Wilson. The airport was once located on the outskirts of Nairobi but today it is in the city. It is very retro and has a style from a bygone era, which is to be treasured in this 21st Century of ours. 

I find Wilson Airport like a magic portal to another world.

read more





Here we go round the prickly pear The Hollow Men T.S. ELIOT
Misc.



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.

This is the way the world ends

This is the way the world ends

This is the way the world ends

Not with a bang but a whimper.

read more


Ecclesiastes 1:2-11 2 Vanity[a] of vanities, says the Preacher
Misc.



Vanity[a] of vanities, says the Preacher,

vanity of vanities! All is vanity.

A generation goes, and a generation comes,

but the earth remains forever.

The sun rises, and the sun goes down,

and hastens[b] to the place where it rises.

What has been is what will be,

and what has been done is what will be done, and there is nothing new under the sun.

Is there a thing of which it is said,

“See, this is new”?

It has been already

in the ages before us.

There is no remembrance of former things, nor will there be any remembrance

of later things[d] yet to be

among those who come after.

read more







In the event that @MagufuliJP dies or is incapacitated, Vice-President @SuluhuSamia would assume power. She would be Tanzania’s first woman president. @mailandguardian @thecontinent_
Africa


The most infamous example of all, of course, is when a faction within Malawi’s government tried to keep the death in office of Bingu wa Mutharika a secret. They even flew his corpse to South Africa for “medical treatment”.

read more




Government of the Democratic Republic of Congo continued to claim that President Laurent Kabila was alive, if not well, last night even though one of his closest allies said his corpse was lying in a foreign morgue.
Africa




Both Kabilas were taken by helicopter to hospital in Kinshasa. But with outdated equipment there was not much the doctors could do. 

So Laurent Kabila followed the path of so many privileged Congolese in need of medical treatment and was flown out of the country.

If Zimbabwe's defence minister is right, Kabila was dead before the 747 touched down in Harare. Mr Mahachi says the body is now lying in a Harare morgue.


read more



US-China relations will not improve until Beijing's economic coercion of Australia stops, a senior White House official said @SMH
Law & Politics



The administration of President Joe Biden has told the Chinese government that “we are not going to leave Australia alone on the field”, according to the President’s Indo-Pacific co-ordinator, Kurt Campbell.

“We have made clear that the US is not prepared to improve relations in a bilateral and separate context at the same time that a close and dear ally is being subjected to a form of economic coercion,” he told The Sydney Morning Herald and The Age.


He said Mr Biden had given his commitment personally to Australia’s leader, Scott Morrison, during the video-link summit of the Quad countries last Saturday (AEDT).

“President Biden was very direct with Prime Minister Morrison that we stood together on this,” said Dr Campbell, the architect of the summit, who was in the room with Mr Biden during the meeting.

“So we’ve indicated both to Australia and China at the highest levels that we are fully aware of what’s going on and we are not prepared to take substantial steps to improve relations until those policies are addressed and a more normal interplay between Canberra and Beijing is established.”

It is the first known intervention of any nation to take substantive steps in support of Australia in its confrontation with Beijing.

The regime of President Xi Jinping has applied trade bans and tariffs on at least $20 billion worth of Australian exports to China.


read more


Australia, which had insisted on the need for transparency, was imposed economic sanctions and a block on its imports. .@FHeisbourg
Law & Politics



And then they severely punished countries that demanded an impartial international investigation, made up of the best experts. 

Australia, which had insisted on the need for transparency, was imposed economic sanctions and a block on its imports.

read more



08-MAR-2021 Controlling the COVID19 Narrative, suppressing the Enquiry, parlaying the situation into one of singular advantage marks a singular moment
Law & Politics




Xi has taken calculated risks.

The muscular and multi-faceted nature of Chinese Power is seen in its handling of COVID19.


.@FHeisbourg François Heisbourg: «Le coronavirus, c’est un Tchernobyl chinois à la puissance dix»


First, they staged their "exemplary handling" of the pandemic in a very loud manner, in order to avoid interest in the regime.

And then they severely punished countries that demanded an impartial international investigation, made up of the best experts. 

Australia, which had insisted on the need for transparency, was imposed economic sanctions and a block on its imports.

The debate on the origin of the virus remains totally open, fundamental and potentially explosive.

Controlling the COVID19 Narrative, suppressing the Enquiry, parlaying the situation into one of singular advantage marks a singular moment and Xi Jinping has exhibited Chinese dominance over multiple theatres from the Home Front, the International Media Domain, the ‘’Scientific’’ domain over which he has achieved complete ownership and where any dissenting view is characterized as a ‘’conspiracy theory’’

It remains a remarkable achievement.



read more



















South Africa study: Astra Zeneca vaccine doesn't protect against mild or moderate infections: @NEJM @yaneerbaryam
Misc.



Astra Zeneca vaccine doesn't protect against mild or moderate infections:

Lack of efficacy, failure of protection (B.1.351 variant) and evidence of immune evasion 

read more




Lebanese pound crashes to 15,000 against dollar as protests continue @TheNationalNews H/T @michaeltanchum
Emerging Markets



The Lebanese pound fell to historic lows on Tuesday hitting 15,000 to the dollar as hundreds continue to set up impromptu roadblocks in protest at the deteriorating living conditions amid a national economic crisis.

Officially pegged to the US dollar at 1,507.5, the currency has been losing value since last October but in less than a month has nosedived another 40 per cent.

Protester Christophe Khalil, a university student in his twenties, marched in downtown Beirut on Saturday after the lira traded at 12,000 to the dollar.

"If this continues I won't be able to afford an education any more," he said. 

"We are fighting just to have a future in this country."

Inflation has wiped out the purchasing power of those paid in Lebanese pounds, pushing more than half of the population below the poverty line, according to data by the UN.

The minimum wage of 675,000 pounds was equal to $450 before the crisis. It is now worth less than $50.

read more




21-OCT-2019 :: The New Economy of Anger
Law & Politics



Paul Virilio pronounced in his book Speed and Politics,

“The revolutionary contingent attains its ideal form not in the place of production, but in the street, where for a moment it stops being a cog in the technical machine and itself becomes a motor (machine of attack), in other words, a producer of speed.’’

We have recently witnessed the ‘’WhatsApp’’ Revolution in Lebanon, where a proposed Tax on WhatsApp calls sent up to 17 per cent of the Lebanese Population into the street

The Phenomenon is spreading like wildfire in large part because of the tinder dry conditions underfoot. 

Prolonged stand-offs eviscerate economies, reducing opportunities and accelerate the negative feedback loop.

Antonio Gramsci wrote, “The crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum, a great variety of morbid symptoms appear. now is the time of monsters.”

read more








Currency Markets at a Glance WSJ
World Currencies



Euro 1.1905

Dollar Index 91.911

Japan Yen 109.10

Swiss Franc 0.9255

Pound 1.3895

Aussie 0.7735

India Rupee 72.5615

South Korea Won 1130.685

Brazil Real 5.6248

Egypt Pound 15.71

South Africa Rand 14.896

read more











305,428 Active COVID-19 Cases in Africa @BeautifyData
Africa



-41.263% below record high from Jan 2021 




Active #Covid19 cases record 520,000 was in January 2021 @NKCAfrica





Conclusions 



Looks like the Trough 

read more





Africa is currently reporting a million new infections about every 64 days @ReutersGraphics
Africa



The average number of new infections reported in Ethiopia has been increasing for 10 days straight

Ivory Coast at Peak Guinea 99% Togo 92% Botswana 90% Mauritius 89% Ethiopia 88% 

read more




#SARSCoV2 popn serosurveillance study in rural (Karonga) & urban (Lilongwe) #Malawi @DrToniHo
Africa



Seroprevalence (SD Biosensor QCOVID19 IgM/G Duo):

Dec 20/Jan 21:  Karonga (n=210 adults) 5-10%

March 21:  Karonga (n=113) 34% Lilongwe (n=98) 56%

N.B. 2nd wave in Dec20/Jan21

read more


Data suggest considerable, prev unrecognised #SARSCoV2 circulation in rural Malawi in 1st wave. @DrToniHo
Africa



2nd wave in Dec 20/Jan 21 has resulted in Upwards seroprevalence in both urban & rural districts. 

Rapid ab test has reported sensitivity ~70%, thus true seroprevalence may be higher.

read more



@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.

read more


Ethiopia: video of Tigray massacre lifts lid on 'war without photos' @FRANCE24
Africa



Men in uniform slaughtered dozens of people in a small village in the Tigray region of Ethiopia on January 5, 2021, right in the midst of the usually festive Orthodox Christmas season. 

Thirty bodies are seen on the ground in a video that has been circulating online despite the current internet blackout in the Tigray region, which has been engulfed in a bloody conflict between the army and rebels. 

The soldier filming the video points the camera at an injured person, saying to a comrade, "You should have finished off the survivors!" Our team was able to verify this video.


The footage shows about 30 bodies on the ground on the outskirts of a village.

We examined the location of the buildings, trails and trees in the video, as well as the mountains on the horizon, and compared this with satellite images and topographical information available on Google Earth Pro. 

In this way, we were able to determine the exact location where the video was filmed. 

It was filmed in a village called Mai Harmaz in the Debre Abay region, which is known for a famous monastery, located about two kilometres from the village.


read more





Ethiopian general tells diplomats of 'dirty war' in Tigray @AFP
Africa



A "dirty war" causing suffering for "defenceless" victims is unfolding in Ethiopia's northern Tigray region, a general said in a private briefing with diplomats last week, according to an audio recording of his comments obtained by AFP.


The statement from General Yohannes Gebremeskel Tesfamariam, head of a task force formed in response to the Tigray conflict, represents an unusually stark assessment of conditions in the region, where Prime Minister Abiy Ahmed's government asserts normalcy is returning.

"This is a dirty war because it's affecting everything. You don't see fronts. The cost is immediately to those who are defenceless," Yohannes said during the March 11 briefing in the regional capital Mekele attended by dozens of diplomats.

"On the atrocities, rape, crime... I cannot give you concrete evidence, but I don't think we are going to be fortunate to see that such things have not happened."

He did not indicate which forces might be responsible for "atrocities".


read more








#Djibouti: a traffic increase of nearly 30% in 2020 which translates to 1.1 million TEU containers, the Port of Doraleh @TheAfricaReport
Africa



It boasts the best result in terms of growth rate of African ports, even beating the continent’s largest port Tangier Med.

read more










Seychelles plans to welcome all international visitors, except those from South Africa, beginning March 25, according to the Department of Tourism
Africa



The Seychelles, an idyllic collection of islands off the coast of East Africa, is following in the footsteps of the Maldives — another beautiful collection of islands off the coast of southern India — to restart its tourism.

The destination plans to welcome all international visitors, except those from South Africa, beginning March 25, according to the Department of Tourism

Visitors won't need to quarantine or be vaccinated, but they will have to test negative for COVID-19 within 72 hours of their departure.

The Seychelles opened to all fully vaccinated travelers, including those from the U.S., in January. 

The 115-island paradise, where Prince William and Kate Middleton honeymooned, was the first African country to welcome vaccinated travelers, according to CNBC. 

It hopes to reach herd immunity by mid-March, when 70% of the local population is expected to be vaccinated, the AP reported.

Visitors to the Seychelles, where George and Amal Clooney also honeymooned, will need to maintain social distance while relaxing on the country's white-sand beaches and frolicking in its turquoise waters. 

read more



2 NOV 15 :: Seychelles has a population of 90,024 and that is the smallest population of any independent African state.
Africa




The minister for Finance, Trade and The Blue Economy Jean-Paul Adam informed me that the Seychelles receives tourists three times its population every year.

If Kenya was to receive the same ratio of tourists, we would be welcoming 120 million tourists a year.


read more








Given the level of testing that Kenya can do, there are highly unlikely ever to be more than 1,500 cases a day. @adrianblomfield
Africa


Extrapolating from these figures (17 percent positivity), it would seem that there are more daily cases in Kenya at the moment than in many European countries.

read more









 
 
by Aly Khan Satchu (www.rich.co.ke)
 
 
Login / Register
 

 
 
Forgot your password? Register Now
 
 
March 2021
 
 
 
 
 
COMMENTS

 
In order to post a comment we require you to be logged in after registering with us and create an online profile.