Major International Business Headlines Brief::: 19 February 2025

[Bulls n Bears]

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Major International Business Headlines Brief:::  19 February 2025 

 


                                                                                  

 


 <mailto:info at bulls.co.zw> 

 


 

 


 

ü  Mauritius: Mauritians Invited to Transform Their Innovative Ideas Into Impactful Projects

ü  Liberia: Extortion, Others Hamper Trade At Loguatuo Border

ü  Nigeria: CBN Orders Banks to Publish Dormant Account Holders' Details Online

ü  Nigeria: Govt Seeks Private Investment in Nigeria's 35,000km Federal Road Infrastructure

ü  Liberia: Govt Allocates USD$8.8 Million Annually to Increase Salaries for Key Sectors

ü  Africa: Shaping AI Rules Through Trade Agreements

ü  Rwanda, FAO Collaborate to Mitigate Methane Emissions in Agriculture, Livestock Sectors

ü  Africa: Nigeria Invests €304m in Food, Packaging Tech, Africa's 2nd Highest

ü  Nigeria: Govt Moves to Fast-Track MSMEs Growth, Sets Up Committee to Enhance Financing

ü  Somalia and Ethiopia Wrap Up Technical Negotiations in Ankara

ü  Nigeria: NBS Says Nigeria's Inflation Figure Dropped to 24.48% After Rebasing

ü  Sudan, Iran Sign MOU On Establishing Political Consultation's Committee

ü  Fast-food giant KFC leaves Kentucky home for Texas

ü  DeepSeek 'shared user data' with TikTok owner ByteDance

ü  MPs criticise 'wealth-hoarding' boomers stereotype

ü                                                                                                                                                                                                                                                                                                                                                                                                            

 


 <mailto:info at bulls.co.zw> 

 


 

Mauritius: Mauritians Invited to Transform Their Innovative Ideas Into Impactful Projects

The Minister of Tertiary Education, Science, and Research, Dr Kaviraj Sharma Sukon, proceeded yesterday, in Ebène, with the launch of the National Innovator Hall of Fame 2025 competition to acknowledge outstanding local innovators. On the same occasion, a Call for Proposals was also launched to promote innovation in thematic areas .

 

Both initiatives, funded by the Mauritius Research and Innovative Council (MRIC), aim at encouraging all Mauritians with innovative ideas to participate and transform their concepts into impactful projects.

 

The Executive Director of the MRIC, Professor Theesan Bahorun, was also present at the event.

 

 

According to Minister Sukon, innovation concerns everyone, regardless of age or background. He urged the population to think differently in order to achieve impactful outcomes, and called upon everyone, from young aspiring innovators to seasoned entrepreneurs and retirees, to contribute their ideas.

 

With regard to the Call for Proposals, Minister Sukon indicated that the identified themes stemmed from consultations during 'Les Assises de la Recherche et de l'Innovation 2.0', held in January 2025. The themes are; Health Innovation, Financial Innovation, Creative Industry and e-Innovation, Precision Engineering and Manufacturing Innovation, and Rodrigues Innovation.

 

The Minister also outlined the funding options supporting this initiative. These are the Innovation Boost Grant which offers up to Rs 1 million for projects over a one-year period, and the Collaborative Research and Innovation Grant Scheme which provides up to Rs 5 million, with a matching contribution from the applicant, for projects with a maximum duration of two years.

 

In respect of the National Innovator Hall of Fame 2025, Dr Sukon pointed out that the competition would help trigger creativity, assess the level of innovation in Mauritius, and inspire the younger generation to embrace innovative thinking. He announced that the awards would be presented in several categories, namely best National Innovator for Small and Medium Enterprises, Individuals, Public Organisations, and Non-Governmental Organisations, as well as Best Innovator for Rodrigues and the Outer Islands.

 

The prizes for each category would be as follows: winners would receive Rs 75,000, while the runner-up would be awarded Rs 35,000, along with a trophy and a certificate. For the Rodrigues and Outer Islands category, the winner would receive Rs 50,000, and the runner-up would get Rs 25,000.

 

For his part, Professor Bahorun elaborated on MRIC's evolving role in driving national innovation. He explained that MRIC had continuously adapted to support research and development through strategic partnerships in various industries, and using matching grants to develop research across multiple sectors. He pointed out that while research and innovation were dynamic processes, the Council remained committed to financing projects aligned with evolving priorities of the country.

 

Government of Mauritius.

 

 

 

 

 

 

 

Liberia: Extortion, Others Hamper Trade At Loguatuo Border

Reports of extortion at the Loguatuo Border are said to be hampering the movement of goods and services as well as free movement of travelers between Liberia and La Côte d'Ivoire.

 

On a tour of the border recently, some of the traders and ordinary travelers raised concerns about alleged extortion practices by Ivorian customs authorities at the border, impacting the movement of goods and services between the two neighboring countries.

 

Even though the borderline is said to be booming with business and economic activities, the excessive levying of fees by Ivorian customs, particularly, is affecting profit margins for businesses.

 

 

Some of the traders highlighted hefty customs duties imposed by Ivorian customs authorities, where they are compelled to pass onto every business item they have, whether it is dry cow skin or petty goods.

 

"The payment of money on this route is too high, where we are compelled to pay money for each piece of dry cow skin," a lady, who asked to speak under condition of anonymity, told the Daily Observer in Loguatuo recently. "I am involved in the dry animal skin business."

 

She added, "We pay 1000 CFA (L$350) for each parcel on the Ivorian side. The extortion from the Ivorian security officers is really suppressing us. We barely make profit because of those monies taken from us illegally.'

 

Even though they complained about the high cost of customs duty on the Ivorian side of the border, they could not explain how the Liberian customs authority handled the duty collection on the goods like foodstuffs, including cow skin, pepper, groundnuts and others.

 

But at the time of this reporter's visit, there was some collection of fees ongoing for goods like pepper, meat products as well other smaller assorted goods on the porch of the Liberian Customs Building by officers in LRA vests.

 

The absence of formal customs collection processes along the route to Danane, an adjacent city in Ivory Coast, also contributed to traders facing multiple checkpoints with associated fees before crossing the border.

 

"Beside the goods, there is also extortion on the gates along the route to Danané, the city near the Ivorian border with Liberia, where you pay money at every checkpoint before crossing," said Miata, a petty trader.

 

The Liberia Immigration Service at the border indicated that complaints about high customs duties on the Ivorian side were beyond their jurisdiction since it pertains to another country's revenue policies.

 

"We heard about these complaints from traders, but we told them it is another country," Betty Benson, LIS Commander at the Luoguatuo Border, told the Daily Observer in a phone interview. Madam Benson was not present at the border when this reporter visited. She had reportedly gone on official duty elsewhere.

 

"The problem is we need more from the Ivory Coast than they need from us," she said.

 

The alleged extortion by Ivorian Security officers potentially challenges the principles of the ECOWAS protocol of promoting free movement of citizens within the region -- meaning that the difficulty encountered by Liberians contravenes the ECOWAS protocol.

 

Additionally, there has been a significant increase in the exportation of palm oil from Liberia to Ivory Coast, with large volumes leaving the country monthly. Traders prefer selling palm oil at the border due to efficient bulk transactions, despite concerns about revenue collection processes.

 

At the palm oil market in Loguatuo Town, thousands of five-gallon containers of oil were ready for exportation to the Ivory Coast.

 

Each five - gallon container of palm oil is sold to the Ivorian buyers for CFA 11000 or the Liberian equivalent L$4700 (approximately US$24).

 

"The reason we preferred selling palm oil at this border is because it is sold in bulk, compared to Liberia where it will take you a long time before selling at least 10 containers," said one Alice Peters, who is said to be a palm oil dealer.

 

"When we bring about 40 containers, everything will be purchased at the same minute, even if the profit is small, it can be much better than selling it small, small," she said.

 

But it is not clear whether the government is collecting the required revenue for the exportation of palm oil, something every authority could not comment on.

 

Ivorian buyers mentioned informal arrangements where fees are managed through drivers to streamline border crossing expenses.

 

However, one of the Ivorian buyers, only identified as A. Kpan, told this paper through interpretation that they are not paying direct duty to the custom as individuals, but the little they have is given to drivers to cover up all the expenses.

 

"It is an agreement between both authorities and the little collected fees can be given to the drivers to cover up the expense on both sides," she said.

 

Many, however, fear the palm oil export trend may impact local market supplies in Liberia, potentially leading to shortages and economic strains on citizens.

 

The issues raised underscore the complexities of cross-border trade dynamics and emphasize the importance of transparent customs processes and adherence to regional trade agreements for sustainable economic activities.

 

Liberian Observer.

 

 

 

 

 

 

Nigeria: CBN Orders Banks to Publish Dormant Account Holders' Details Online

The guidelines aim to enhance transparency and ensure unclaimed funds are properly accounted for. Keywords: CBN, dormant account, publish

 

The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to disclose details of dormant accounts, including the names of account holders, the type of accounts, and the branches where the accounts are domiciled.

 

The directive, issued in a circular dated 17 February and signed by the Director, Financial Policy and Regulation Department, Micheal Akuka, requires these details to be published on banks' websites, industry association websites, and in at least two national newspapers.

 

 

The move follows the implementation of the Guidelines on the Management of Dormant Accounts, Unclaimed Balances, and Other Financial Assets in Banks and Other Financial Institutions in Nigeria 2024. The guidelines aim to enhance transparency and ensure unclaimed funds are properly accounted for.

 

"The Guidelines on Management of Dormant Accounts, Unclaimed Balances and Other Financial Assets in Banks and Other Financial Institutions in Nigeria 2024, requires banks and some other financial institutions to publish on their websites, the names of individuals authorized to operate the accounts, the type of account and the address of the branch where the account is domiciled. In the case of other financial institutions (OFIs) without websites, to publish on their association's website," it said.

 

Justification

 

According to the bank, the directive comes amid concerns from stakeholders over potential breaches of the Nigeria Data Protection Act 2023 (NDPA). However, the CBN insists that the disclosures are legally justified.

 

The regulator said Section 25 (b) of the NDPA permits justifiable deviations from the general principles of the Act. Also, Section 72 (i) of the Banks and Other Financial Institutions Act mandates the Central Bank of Nigeria to issue Guidelines on the administration of unclaimed funds in banks and other financial institutions,

 

Under the new guidelines, individuals with dormant accounts may find their details publicly accessible unless they reactivate their accounts or claim their balances.

 

Banks are expected to provide a mechanism for account holders to reclaim funds before such disclosures are made.

 

"Information to be published annually in at least two national daily newspapers or the premises of State and Unit microfinance banks, shall also convey the details as listed above," it said.

 

Premium Times.

 

 

 

 

 

 

Nigeria: Govt Seeks Private Investment in Nigeria's 35,000km Federal Road Infrastructure

Abuja — The Minister of State for Works, Bello Goronyo, has said that the over 35,000 kilometres of the federal government's road network across Nigeria cannot be funded through annual budgets alone, hence the need to source for alternative funding outside the government's coffers.

 

Goronyo stated this while addressing the management and staff of the Federal Roads Maintenance Agency (FERMA), Kogi State field office in Lokoja during a maiden visit alongside the Managing Director, Chukwumeka Agbasi.

 

He reaffirmed that President Bola Tinubu's administration was determined to fix all the roads to ensure a drastic reduction in the level of unemployment, rate of crimes, and insecurity, a statement by the Director of Press and Public Relations, Ahmed Mohammed, said.

 

 

"I have never seen a president so committed to sustaining physical assets nationwide. The administration gives priority to various road projects scattered across the country. This shows that he is a patriotic Nigerian.

 

"He is undertaking these projects so that our economy can be improved, and the rate of unemployment, poverty, and crimes will be reduced. We are seeing the super highways from Ilelah to Sokoto to Badagry and another from Lagos to Calabar," he stated.

 

Goronyo, who commended the staff of FERMA for their resilience and hard work over the years, noted that despite insecurity, and inadequate funding, a lot of work was still ongoing nationwide.

 

He urged them to bear with the ministry of works over their entitlements, disclosing that their requests for adjustment and increment in consequential salaries have been forwarded to the Salaries, Income, and Wages Commission for consideration and approval.

 

Speaking further on funding for the maintenance of roads, Goronyo stressed that about 35,000 kilometres of roads cannot be funded and maintained overnight.

 

"We have to look for alternative sources of funding so that we can continue to maintain our physical assets, which are the roads. We have to create new ways of funding and new alternatives," he said.

 

He assured that the government was focused on ensuring that projects are completed in a timely and efficient manner with robust oversight and contractors' compliance.

 

He added: "I am calling on all of you to support us to ensure that President Bola Tinubu succeeds in his mandate to deliver on the eight-point Renewed Hope Agenda. We must put Nigeria first before our interests. Let us fix our roads, we must think positively."

 

Earlier, the Managing Director and Chief Executive Officer of FERMA, Agbasi, commended the Ministry of Works for its determination to ensure that the presidential agenda is realised.

 

He informed the staff that before the end of the year, there would be an increment in their salaries and appealed to them to continue to support and partner with the Ministry to achieve their targeted goals.

 

Also in his remarks, officer in charge of the Kogi Field Office, Muktar Abdurahim, informed the minister that the office has 37 staff with 25 permanent and 12 casual workers.

 

He disclosed that Kogi State has 16 federal government roads with a total of 1,263 kilometres, emphasising that the 2024 nationwide flood incident did not affect any of the roads in the state.

 

Abdulrahim revealed that out of six roads under construction in the state, five had been successfully executed, while one is at 60 per cent completion. He also informed the minister that they were facing challenges such as insecurity, and hyperinflation in the cost of construction materials, amongst others.

 

Besides, the Director, North Central Zone I, Omotayo Awodun, commended the federal government's commitment to fixing all the federal roads across Nigeria, especially those in his zone.

 

This Day.

 

 

 

 

 

 

Liberia: Govt Allocates USD$8.8 Million Annually to Increase Salaries for Key Sectors

The Ministry of Finance and Development Planning has agreed to provide USD$8.8 million annually to enhance government salary top-ups exercise across critical sectors, including health, education, security, and agriculture.

 

By; Kruah Thompson

 

Monrovia, February 19, 2025/ This initiative will benefit approximately 5,612 employees in these sectors who earn below the minimum wage.

 

In a statement issued earlier last year, the Minister of Finance and Development Planning,. Augustine Kpehe Ngafuan informed a group of journalists that the government was considering salary top-ups for employees in essential sectors such as health, education, security, and agriculture.

 

 

He indicated that those earning below the minimum wage would see their salaries increase to at least $150, with adjustments based on their respective categories.

 

Making the disclosure at MICAT's regular press briefing on Thursday, February 18, 2025, Civil Service Agency (CSA) Director-General Josiah F. Joekai revealed that, since the initial announcement, the agency had been working with sector ministries to finalize the process.

 

According to Joekai, CSA has collaborated with institutions like the Ministry of Health to develop the framework and gather data to ensure the top-up process is carried out effectively.

 

"We are glad to report that, in addition to what employees are currently receiving, the Minister of Finance has allotted USD$8.8 million annually for this process, which will positively impact 5,612 employees in critical sectors," Joekai said.

 

He added that employees earning below the minimum wage will see their salaries increase to $150, with further adjustments made based on salary ranges for other personnel.

 

"The process has already been completed for the Ministry of Health, the Ministry of Education, and the Liberian National Police" Joekai.said adding that as part of the salary top-up, the Ministry of Education will receive around USD$3.1 million annually to supplement existing compensation, benefiting approximately 9,515 employees, mainly teachers in various categories.

 

"The Minister of Finance has also allocated USD$900,000 for the Liberian National Police, which will affect about 4,656 personnel, including those earning $995. Additionally, the Liberia Immigration Service will receive USD$750,714, which will benefit around 200 officers within the service." He added

 

However, Joekai noted that adjustments are still pending for other entities, and The latter increase is specifically intended to support employees playing critical roles in the country's healthcare system.

 

Meanwhile, he says the government remains committed to improving the lives of its people, ensuring accountability and transparency in its actions,"

 

He concluded by emphasizing that any government official who does not align with this vision of accountability and integrity would be removed from office. -Edited by Othello B. Garblah.

 

New Dawn.

 

 

 

 

 

Africa: Shaping AI Rules Through Trade Agreements

The inclusion of AI provisions in preferential trade agreements (PTAs) has been steadily rising. Since 2019, when the China-Mauritius Free Trade Agreement first mentioned AI, PTAs have progressively evolved to include elements addressing the broader implications of emerging technologies.

 

While dedicated AI articles remain rare, AI-related provisions are often embedded in digital trade and data governance frameworks. These emphasize cross-border collaboration, ethical use of AI, algorithmic transparency and fostering trust in AI systems, demonstrating the potential of PTAs to drive not just economic growth, but also responsible and equitable technology adoption.

 

 

A global leader in PTAs with AI provisions

 

The recognition of AI in PTAs is growing in Asia and the Pacific. As of January 2025, 14 out of 16 trade agreements globally that incorporate AI provisions originate from economies within the Asia-Pacific region. Major contributors in the region include tech-advanced Asia-Pacific economies, such as Singapore, the Republic of Korea, Australia and New Zealand.

 

These countries have enacted specific AI policies and relevant legal frameworks, such as data privacy, data flows, cybersecurity and intellectual property laws which impacts the development of AI. For example, in 2024, the Republic of Korea passed the AI Basic Act, a comprehensive legal framework on AI to take effect in January 2026.

 

Moreover, they have also signed MoUs on AI cooperation, building upon their bilateral agreements, including those between Republic of Korea-Singapore (2022), Australia-Singapore (2024), and Australia-Republic of Korea (2024).

 

As expected, East and North-East Asia and Singapore lead AI-related developments in PTAs, while Least Developed Countries, Landlocked Developing Countries, and Pacific Island Developing Economies are generally absent (Figure 1).

 

However, the Cambodia-UAE Comprehensive Economic Partnership Agreement stands out as a notable exception. While its AI-related provision remains at an early stage, it marks a significant first step for LDCs, which have traditionally lagged in adopting digital trade provisions.

 

Figure 1. Who are Active Players in AI-PTA Landscape, as of January 2025?

 

Source: Economic and Social Commission for Asia and the Pacific (ESCAP)

 

The current nature of AI provisions in PTAs

 

Owing to the cross-cutting nature of AI, the mentions of AI span various chapters, often within digital trade, economic cooperation, or innovation frameworks. Of the 14 Asia-Pacific PTAs, nine include provisions specifically focused on AI, while the remaining five incorporate AI within broader cooperation frameworks (Figure 2).

 

Figure 2. Where Is "Artificial Intelligence" Mentioned in Trade Agreements?

 

Source: ESCAP

 

Although just 2.5 per cent of trade agreements globally explicitly reference AI, there is a growing emphasis on dedicated provisions that address ethical governance frameworks. The three key features of the dedicated AI provisions are:

 

· Recognize the increasing importance

 

of emerging technologies and/or AI, offering significant social and economic benefits to natural persons and enterprises.

· Promote the development of internationally aligned emerging technologies and/or AI Governance Frameworks

 

for ethical, trusted and responsible use. However, six out of nine PTAs with dedicated AI provisions do not specify which recognized frameworks should be used. Among the few that do, namely the Australia-United Kingdom PTA, Singapore-United Kingdom Digital Economy Agreement (DEA), and New Zealand-United Kingdom PTA, references are made to either the OECD Principles on AI (2019) or the Global Partnership on AI (2020), initiated by Canada and France in 2018.

· Focus on cooperation

 

on emerging technologies and/or AI, such as research sharing, responsible business use, commercialization opportunities and R&D investment.

Despite these shared elements, varying levels of comprehensiveness have been observed under the dedicated AI provisions. For instance, the Singapore-United Kingdom DEA and New Zealand-United Kingdom PTA further emphasize risk management, technological interoperability and technological neutrality in the governance frameworks.

 

Implications and way forward

 

Without coordination, AI-related trade policy risks becoming fragmented, reducing interoperability, and limiting economic growth. While the WTO is the logical forum to address the gaps, its slow progress has led countries to see PTAs as more immediate solutions.

 

Agreements in the Asia-Pacific region set early precedents for AI governance, but AI-related PTAs remain limited in scope and enforceability. Few countries are engaged in AI-related PTAs. Inclusive membership is key to ensuring more balanced and equitable AI trade rules. However, small developing countries currently face significant challenges to participate.

 

AI trade provisions involve complex regulatory frameworks, cross-border data rules, and evolving global standards. Many developing countries still struggle to develop the necessary expertise and institutions for digital trade policies that support AI-driven trade and AI-driven growth with trust.

 

These challenges highlight the need for targeted assistance, regulatory cooperation, and capacity-building initiatives. ESCAP provides tools to bridge these gaps. For example, the Regional Digital Trade Integration Index (RDTII) helps countries assess their digital trade regulatory environment and align domestic policies with global and regional standards. LEGAL TINA enables trade negotiators to search and compare provisions across over 500 trade agreement texts, which is essential for developing informed negotiation strategies.

 

And ESCAP's Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific provides an intergovernmental platform for countries to cooperate on AI solutions for electronic exchange and recognition of trade-related data and documents.

 

Together, these and other tools may strengthen a country's ability to engage in PTA negotiations on emerging digital economy issues, comply with commitments, and leverage international cooperation for sustainable domestic reforms and responsible AI use.

 

Witada Anukoonwattaka is Economic Affairs Officer, ESCAP; Yann Duval is Chief, Trade Policy and Facilitation Section, ESCAP; and Natnicha Sutthivana is Consultant, ESCAP.

 

IPS UN Bureau

 

Follow @IPSNewsUNBureau

 

 

 

Rwanda, FAO Collaborate to Mitigate Methane Emissions in Agriculture, Livestock Sectors

Rwanda is taking a significant step in its climate action agenda with the launch of a new project aimed at mitigating methane emissions in the agriculture and livestock sectors, with the latter being the major contributor to the national balance (budget) of greenhouse gas emissions.

 

In collaboration with the Food and Agriculture Organization of the United Nations (FAO), on February 18, the Rwandan government through its various institutions - Ministry of Agriculture and Animal Resources (MINAGRI) and Ministry of Environment (MoE) has initiated the "Foster Methane Mitigation in Agriculture and Livestock Sectors" project, underlining the country's commitment to sustainable agriculture and environmental protection.

 

 

ALSO READ: Farmers look to reduce post-harvest losses under FAO-funded project

 

Despite Rwanda's transition into a knowledge-based economy, agriculture remains fundamental to the country's economic stability.

 

As noted, the sector contributes 26 per cent to the Gross Domestic Product (GDP) and employs about 50 per cent of the labour force. Livestock production, a key component of this sector, plays a crucial socio-economic role, particularly for rural households, providing income and enhancing food security.

 

Since 2005, Rwanda has significantly modernised its livestock sector through various policies and initiatives aimed at increasing productivity. However, this rapid growth has also led to an increase in "greenhouse gas (GHG) emissions", particularly "methane", which is released through "livestock digestion and manure management."

 

As a signatory of the Paris Agreement and a member of the Global Methane Pledge, Rwanda has committed to reducing methane emissions by 30 per cent by 2030.

 

The newly launched FAO-backed project seeks to develop a methane reduction strategy, focusing on cattle and small ruminants, while also promoting the adoption of climate-smart agricultural practices.

 

ALSO READ: FAO hands 2 million doses of PPR vaccines for goats, sheep to Rwanda

 

Nomathemba Mhlanga, the FAO Representative ad interim in Rwanda, expressed gratitude to the Government of Rwanda, in particular MINAGRI and MoE ,for their great collaboration and its proactive leadership in climate action, particularly in the livestock sector.

 

"We are gathering at a critical juncture for agrifood systems and climate action in Rwanda. The livestock sector, particularly, plays a vital role in both. The livestock sector is not just responding to the climate challenge - it's actively positioning itself as part of the solution," she noted during the project's launch.

 

Nomathemba urged that "it's important to recognise the urgency of addressing methane emissions within livestock systems, which contribute about 32 per cent of total anthropogenic methane emissions. Methane is a highly potent greenhouse gas, but because it is short-lived in the atmosphere, action to reduce methane emissions can have a rapid impact on reducing global warming."

 

"Agrifood systems, in particular, livestock, are often perceived merely as a significant emission source, and can also produce offsets: capturing carbon in soils and vegetation, producing renewable energy and recycling inputs and outputs, while offering the opportunity for carbon markets," she explained.

 

"FAO will support the implementation of the Fifth Strategic Plan for Agriculture Transformation (PSTA 5), aligned with Vision 2050 and NST 2, to build resilient agri-food systems, address climate change, enhance food security, and drive economic growth. I urge all stakeholders to expand climate-smart practices and technologies in livestock through ongoing development programmes," she added.

 

Sustainable farming practices to reduce emissions

 

Key strategies under the initiative include promoting zero grazing, hydroponic farming, crop residue utilisation, artificial semen insemination, among others, to improve livestock productivity while reducing methane emissions.

 

Aimable Uwizeye, the Livestock Policy Officer in the Animal Production and Health Division at FAO, revealed that "livestock alone contribute to 32 per cent of methane emissions, with 28 per cent coming from enteric fermentation and the rest from manure management systems."

 

"In Rwanda, livestock is a major contributor to the national balance (budget) of greenhouse gas emissions," he noted.

 

"Therefore, Rwanda has engaged in many programmes, especially by committing to addressing methane in livestock in particular. Thus, this project has come at the right time, aligning with the country's commitment to climate actions and objectives, particularly in mitigating methane [which can occur in the atmosphere for up to 12 years] from different sectors," he said.

 

The project also aims to scale up the use of "anaerobic digestion", of livestock manure to produce green energy, co-benefiting rural households.

 

Thadee Twagirimana, the Director General of Environment and Climate Change in the MoE, pointed out that Rwanda's population has seen a significant increase with an annual growth rate of 2.3 per cent whereby the economic development grew at 9.7 per cent in 2024. These are the key factors that play a role in increasing the demand for animal protein, which has led to a rise in livestock production and, consequently, the methane emissions associated with it.

 

"Our gathering today reflects our shared commitment to the sustainable transformation of the livestock sector - one that is more efficient, inclusive, and resilient. This transformation is crucial for advancing economic growth, food and nutrition security, and climate resilience in Rwanda," he added.

 

Implementation and expected outcomes

 

The FAO, in collaboration with MINAGRI and the MoE, will oversee the project's implementation. Key stakeholders, including local NGOs and farmer organisations, will play a vital role in ensuring its success.

 

The official launch workshop outlined several key objectives: Raising awareness among stakeholders [mostly farmers] about methane reduction strategies [methodologies], identifying roles and responsibilities for various actors in project implementation, and developing an annual action plan for the initiative.

 

Expected outcomes include strengthened inter-institutional collaboration, enhanced climate action strategies, and a comprehensive methane reduction roadmap aligned with Rwanda's Nationally Determined Contributions (NDCs).

 

A vision for a sustainable future

 

Olivier Kamana, the Permanent Secretary in the Ministry of Agriculture and Animal Resources, said that this project aligns well with Rwanda's commitment to modernise the agrifood systems to enhance climate resiliency, increase productivity and contribute to economic growth in line with Vision 2050 and the National Strategy for Transformation (NST2).

 

He reiterated that the vision is to transition into a knowledge-based economy, the agriculture sector must play a big role in sustaining our economic growth.

 

"Methane emissions from livestock, particularly dairy, beef, and small ruminant systems, are a major source of greenhouse gases in Rwanda. Livestock stakeholders are encouraged to support this project, ensuring its success and alignment with the ongoing Rwanda Dairy Development Project 2," he said.

 

New Times.

 

 

 

 

Africa: Nigeria Invests €304m in Food, Packaging Tech, Africa's 2nd Highest

As exhibitors plan for Agrofood & Plastprintpack Nigeria 2025

 

Nigeria invested more than €304 million in food and packaging technology in 2023, ranking as the second largest investor in Africa, trailing South Africa with €398 million and ahead of Egypt with €281 million.

 

Freyja Detjen, Exhibition Director at Fairtrade Messe, leading or#NigeriaAt58ganiser of professional agrofood and plastprintpack trade fairs for Africa & the Middle East, stated this at a pre-event stakeholders briefing for the 10th edition of agrofood and plastprintpack Nigeria, scheduled for March 25-27, 2025 in Lagos.

 

 

She stated: "With investments in food and packaging technology amounting to €304m in 2023, Nigeria stands as Africa's second-largest investor, trailing only South Africa with €398m and leading Egypt with €281m.

 

"Nigeria's food production has witnessed a remarkable surge of 39.6% in recent years, from €26bn in 2016 to €36.3bn in 2020, projected to rise by 48% between 2021 and 2024, from €42.3bn to €62.6bn.

 

"Despite significant investments in local food production, Nigeria's food imports totaled US$6.1bn in 2023 (WTO), positioning the nation as one of Africa's foremost food importers.

 

"With €134m in 2023, Nigeria emerges as the fourth-largest investor in plastics technology in Africa, showcasing an annual growth rate of 13.9% between 2016 and 2023.

 

"Nigerian imports of printing and paper processing technology have surged by 17% annually, reaching €92m in 2022, securing Nigeria's position as the second largest investor in sub-Saharan Africa.

 

"Nigeria ranks fourth in terms of investment in packaging technology in Africa with €139m in 2023, after South Africa with €194m, Algeria with €161m and Egypt with €145m."

 

On the upcoming Agrofood and Plastprintpack Nigeria 2025, Detjen said around

 

100 leading exhibitors from over 15 countries are expected to showcase tailored products and solutions for the Nigerian market, adding that there will be active involvement from key ministries of the Nigerian government at both the federal and Lagos State levels.

 

Detjen also said there will be official national pavilions from China, Germany, Poland, the Netherlands, and South Africa, adding that the event will provide opportunities for collaboration, knowledge exchange and business development between German and Nigerian stakeholders

 

Vanguard.

 

 

 

 

 

 

 

Nigeria: Govt Moves to Fast-Track MSMEs Growth, Sets Up Committee to Enhance Financing

Vice-President Kashim Shettima has declared that the Federal Government, working in collaboration with other stakeholders, will be more deliberate in ensuring growth in the Micro, Small and Medium Enterprises (MSMEs) space in the country.

 

To this end, the National Council on Micro, Small and Medium Enterprises (MSMEs) has set up a committee to interface with the Central Bank of Nigeria (CBN) to enhance the financing of small businesses in the country.

 

This formed the nexus of decisions taken on Tuesday at the first meeting of the National Council on MSMEs for 2025 held at the State House, Abuja.

 

 

Speaking after deliberations by members, the vice-president said the Federal Government, through its agencies and partners, has the moral burden of supporting growth in the MSME space and facilitating job creation across different sectors for Nigerians.

 

Outlining the mandate of the committee, Shettima said the efforts of the administration of President Bola Tinubu in supporting small businesses, evident in important policies and programmes, need to be complemented by stakeholders, especially the private sector.

 

The committee, headed by the Minister of State for Industry, Trade and Investment, Senator John Enoh, has Ministers of Science and Technology; Women Affairs; Minister of State for Agriculture and Food Security and the Senior Special Assistant to the President on MSMEs as members.

 

Others include the CEOs of Bank of Industry, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Bank of Agriculture (BOI), Nigeria Export-Import Bank (NEXIM Bank), Development Bank of Nigeria (DBN), Corporate Affairs Commission (CAC), Nigerian Investment Promotion Commission (NIPC), Nigerian Export Promotion Council (NEPC), and the representative of NACCIMA and the organized private sector.

 

In the same vein, the council also approved a loan scheme for MSMEs known as the syndicated de-risked loans for small businesses.

 

The scheme will be a partnership between state governments and financial institutions aimed at enhancing access to finance for MSMEs at single-digit rates across the country.

 

The vice-president advised state governments to set up vehicles that are devoid of political interests to drive the implementation of the syndicated de-risked loans for the MSMEs scheme.

 

"Some of these initiatives are laudable and will need to outlive the present administrations in the states. Regardless of political affiliations, Nigerians must be seen to be the ultimate beneficiaries of these schemes that we are trying to put in place," Shettima stated.

 

Earlier, the Senior Special Assistant to the President on MSMEs, Mr Temitola Adekunle-Johnson, presented the 'syndicated de-risked loans' scheme for small businesses, seeking the cooperation of members and describing it as a game-changing programme to provide affordable and available loans for businesses.

 

According to him, the initiative is in acknowledgement of the president's passion and commitment to the development of small businesses and aimed at providing more jobs for Nigerians.

 

In his presentation on the state of MSMEs in Nigeria, the Director-General of SMEDAN, Mr Charles Odii, said the agency was proposing an initiative which was born from a three-day MSME conference held in 2024.

 

He said the initiative known as the GROW Nigeria strategy is to provide guidance, resources, opportunities and the workforce to support the about 40 million small businesses across eight distinct sectors.

 

Present at the meeting were the Deputy Governor of Enugu State, Mr Ifeanyi Ossai; the representatives of the Governors of Benue and Katsina States; the Minister of State for Industry, Trade and Investment, Senator John Enoh; Ministers of Science and Technology, Mr Uche Nnaji; Women Affairs, Hajiya Imaan Sulaiman-Ibrahim; Minister of State for Agriculture and Food Security, Senator Aliyu Abdullahi; and the representative of the CBN Governor.

 

Others in attendance were the CEOs of Bank of Industry (BoI), Bank of Agriculture (BoA), NEXIM Bank, DBN, CAC, NIPC, NEPC, NAFDAC, Standards Organisation of Nigeria (SON); National Bureau of Statistics (NBS); the Presidents of NACCIMA and National Association of Small and Medium Enterprises (NASME).

 

This Day.

 

 

 

Somalia and Ethiopia Wrap Up Technical Negotiations in Ankara

Ankara, Turkey — The first round of technical negotiations between Somalia and Ethiopia within the scope of the Ankara Declaration adopted on 11 December 2024 took place today in Ankara.

 

The meeting was hosted by H.E. Hakan Fidan, Minister of Foreign Affairs of Türkiye, with the participation of delegations headed by H.E. Dr. Gedion Timothewos, Minister of Foreign Affairs of Ethiopia, and H.E. Ali Mohamed Omar, State Minister for Foreign Affairs of Somalia.

 

By virtue of the Ankara Declaration, H.E. Prime Minister Abiy Ahmed Ali and H.E. President Hassan Sheikh Mohamud, with the facilitation of H.E. President Recep Tayyip Erdoğan, had put forward a vision, ushering the way to a more prosperous and stable future.

 

Today, during the first round of technical negotiations, both delegations demonstrated their commitment to the letter and spirit of the Ankara Declaration.

 

The delegations began the concrete work to transform this vision into reality and lay the ground for mutually beneficial sustainable development.

 

Both delegations appreciate Türkiye's continued commitment to prepare the ground for the next iteration of technical negotiations in March 2025.

 

Shabelle.

 

 

 

 

Nigeria: NBS Says Nigeria's Inflation Figure Dropped to 24.48% After Rebasing

The NBS said the food index for January 2025 was 110.03, resulting in a food inflation rate of 26.08 per cent year-on-year.

 

Nigeria's annual inflation rate dropped to 24.48 per cent in January from 34.80 per cent in December 2024, the National Bureau of Statistics (NBS) said on Tuesday.

 

The Statistician General of the Federation and Chief Executive Officer of the NBS, Adeyemi Adeniran, disclosed this in Abuja at the launch of the report of the rebasing of Consumer Price Index (CPI) on Tuesday.

 

The NBS said the rebased Consumer Price Index (CPI) reflects an updated price reference period (base year) of 2024 and a weight reference period of 2023.

 

 

"The All-Items Index which is used to measure headline inflation for January 2025 was 110.7, resulting in a headline inflation rate of 24.48 per cent on a year-on-year basis," he said.

 

The NBS boss explained that this increase was mainly driven by food and non-alcoholic beverages, restaurants and accommodation services and transport.

 

He added that the food index for January 2025 was 110.03, resulting in a food inflation rate of 26.08 per cent year-on-year.

 

According to him, the core index which is All-Items less farm produce

 

and energy for January 2025 was 110.7, which gave rise to a core inflation rate of 22.59 per cent year-on-year.

 

"Disaggregating by sector, the Urban inflation rate was 26.09 per cent, while the Rural Inflation rate was 22.15 per cent.

 

"In line with improvements made to the reporting of the CPI, going forward, NBS will be publishing some new special indices to inform policymakers. These special indices include the farm produce index, energy index, services index, goods index, and imported food index," he said.

 

He reiterated that the exercise is a routine exercise conducted by statistical offices across the world, and Nigeria is no different.

 

"The procedure from start to finish has been collaborative, involving experts, both locally and internationally, to ensure that the right procedure and standards are followed and the best quality possible achieved.

 

"Going forward, with the improvements and quality measures put in place under this exercise, NBS is very confident that these rebased CPI numbers not only reflect the prevailing inflationary pressure in the economy but will also be reflective of the recent consumption pattern of households and consumers," he said.

 

Nigeria has experienced a sharp increase in food prices in recent years, a trend that worsened in 2023 following President Bola Tinubu's removal of petrol subsidies and adoption of a floating exchange rate for the naira.

 

This shift has led to a steep increase in the cost of staple food, pushing many Nigerians further into poverty and heightening food insecurity.

 

The persistent surge in prices over the past year has led to several farms and businesses closing, with many agricultural producers scaling back their output due to insecurity and unpredictable weather conditions affecting rural areas.

 

In response, Mr Tinubu declared a state of emergency on food insecurity in July 2023, aiming to combat rising food costs. Despite these efforts, at the time, food inflation has continued unabated.

 

Last July, Mr Tinubu unveiled some proactive measures to address skyrocketing food prices in the country. Amongst it, is the decision to suspend duties, tariffs, and taxes on importing essential food items such as beans, wheat, and husked brown rice.

 

Premium Times.

 

 

 

 

Sudan, Iran Sign MOU On Establishing Political Consultation's Committee

Tehran — Minister of Foreign Affairs, Dr. Ali Youssef and his Iranian counterpart Dr. Abbas Araghchi held Monday a joint discussion session in Tehran.

 

The sitting touched on ways to develop and strengthen bilateral relations between the two countries and work in accordance with a clear framework to promote their ties.

 

During the session, the minister extended briefings on the situation in Sudan.

 

For his part , the Iranian minister expressed understanding of the nature of the developments in Sudan, announcing Iran's full support for Sudan, emphazing that Iran considers the Transitional Sovereignty Council (TSC) as the legitimate representative of the Sudanese people.

 

 

It was also agreed to enhance the pace of cooperation and joint coordination in all regional and international forums, exchange views and ideas on global issues, in addition to increase trade and economic exchanges.

 

The two sides agreed to hold the joint ministerial committee in the coming months, accompanied by a joint business forum involving businessmen and companies from the both countries.

 

It was also agreed, during the meeting, that Iran would play a vital role in the reconstruction phase in Sudan, given the extensive expertise of Iranian companies in this field.

 

At the conclusion of the talks, the two ministers signed a memorandum of understanding for mutual entry visa exemption for holders of diplomatic, special and official passports.

 

They also signed a memorandum of understanding to establish a committee for political consultation between the foreign ministries of the two countries.

 

The two ministers held a press conference following the meeting, attended by international media network and satellite channels.

 

SNA.

 

 

 

Fast-food giant KFC leaves Kentucky home for Texas

KFC, the fast-food restaurant chain formerly known as Kentucky Fried Chicken, is moving its corporate headquarters in the US from Kentucky to Texas, its owner has announced.

 

Yum Brands said it will shift the office from Louisville to Plano though KFC will keep some operations in Kentucky, including its KFC Foundation.

 

However, Andy Beshea, governor of the state of Kentucky, said: "I am disappointed by this decision and believe the company's founder would be, too.

 

In recent years, many companies have relocated to Texas attracted by the state's lower taxes and business-friendly policies.

 

 

The decision by Yum Brands is part of a plan to have two headquarters for its main brands. KFC and Pizza Hut will be in Plano while Taco Bell and Habit Burger & Grill will remain in Irvine, California.

 

Yum Brands' chief executive David Gibbs, said: "These changes position us for sustainable growth and will help us better serve our customers, employees, franchisees and shareholders."

 

But Beshea said: "This company's name starts with Kentucky, and it has marketed our state's heritage and culture in the sale of its product."

 

KFC's history in the state dates back to the 1930s, when its founder Colonel Harland Sanders began selling fried chicken at a service station in Corbin.

 

Today, Sanders' face is emblazoned on the shop fronts of more than 24,000 KFC restaurants in over 145 countries and territories around the world.

 

Since the pandemic, many US companies have moved their headquarters.

 

According to a report by real estate services firm CBRE, Austin and other Texan cities have been particularly successful due to the state's business-friendly environment.-BBC

 

 

 

 

 

 

DeepSeek 'shared user data' with TikTok owner ByteDance

South Korea has accused Chinese AI startup DeepSeek of sharing user data with the owner of TikTok in China.

 

"We confirmed DeepSeek communicating with ByteDance," the South Korean data protection regulator told Yonhap News Agency.

 

The country had already removed DeepSeek from app stores over the weekend over data protection concerns.

 

The Chinese app caused shockwaves in the AI world in January, wiping billions off global stock markets over claims its new model was trained at a much lower cost than US rivals such as ChatGPT.

 

 

Since then, multiple countries have warned that user data may not be properly protected, and in February a US cybersecurity company alleged potential data sharing between DeepSeek and ByteDance.

 

DeepSeek's apparent overnight impact saw it shoot to the top of App Store charts in the UK, US and many other countries around the world - although it now sits far below ChatGPT in UK rankings.

 

In South Korea, it had been downloaded over a million times before being pulled from Apple and Google's App Stores on Saturday evening.

 

Existing users can still access the app and use it on a web browser.

 

The data regulator, the Personal Information Protection Commission (PIPC), told South Korea's Yonhap News Agency that despite finding a link between DeepSeek and ByteDance, it was "yet to confirm what data was transferred and to what extent".

 

Critics of the Chinese state have long argued its National Intelligence Law allows the government to access any data it wants from Chinese companies.

 

However, ByteDance, headquartered in Beijing, is owned by a number of global investors - and others say the same law allows for the protection of private companies and personal data.

 

Fears over user data being sent to China was one of the reasons the US Supreme Court upheld a ban on TikTok, which is owned by ByteDance.

 

The US ban is on hold until 5 April as President Donald Trump attempts to broker a resolution.

 

DeepSeek: The Chinese AI app that has the world talking

What does Trump's executive order mean for TikTok and who might buy it?

 

'Exercise caution'

Cybersecurity company Security Scorecard published a blog on DeepSeek on 10 February which suggested "multiple direct references to ByteDance-owned" services.

 

"These references suggest deep integration with ByteDance's analytics and performance monitoring infrastructure," it said in its review of DeepSeek's Android app.

 

Security Scorecard expressed concern that along with privacy risks, DeepSeek "user behaviour and device metadata [are] likely sent to ByteDance servers".

 

It also found data "being transmitted to domains linked to Chinese state-owned entities".

 

On Monday, South Korea's PIPC said it "found out traffic generated by third-party data transfers and insufficient transparency in DeepSeek's privacy policy".

 

It said DeepSeek was cooperating with the regulator, and acknowledged it had failed to to take into account South Korean privacy laws.

 

But the regulator advised users "exercise caution and avoid entering personal information into the chatbot".

 

South Korea has already followed a number of countries such as Australia and Taiwan in banning DeepSeek from government devices.

 

The BBC has contacted the PIPC, ByteDance and DeepSeek's parent company, High Flyer, for a response.-BBC

 

 

 

 

 

MPs criticise 'wealth-hoarding' boomers stereotype

MPs are challenging stereotypes around older people stockpiling wealth as younger generations struggle.

 

A report from the Commons' women and equalities committee is calling for action to tackle age discrimination, which MPs describe as widespread in the UK.

 

They criticise depictions of baby boomers - those born between 1946 and 1964 and now in their 60s and 70s - as either frail or enjoying a life of luxury at the expense of their children and grandchildren.

 

The report also hits out at what the authors say was a failure by previous governments to address digital exclusion of older people as services, particularly around banking and health, increasingly move online.

 

 

'Our winter fuel payment goes into the holiday kitty'

Why women and young people could hold more wealth in future

Starmer wants to act tough to fix long-term problems - but is he avoiding the trickiest?

The UK's population continues to get older overall, with 11 million people in England and Wales now aged over 65, and more than half a million people aged over 90.

 

However, the Commons report highlights evidence that ageist stereotyping is still highly prevalent across all media in the UK, including "portrayals of older people as frail, helpless or incompetent, or conversely as wealth-hoarding 'boomers'".

 

Research from the Centre for Ageing Better found that this type of generational stereotyping contributes to the "othering" of older people, causing "divisive and "harmful tensions in society".

 

An example might be the "OK Boomer" meme used to dismiss older people's opinions by suggesting they are out of touch.

 

The Commons committee wants to see a crackdown on these sorts of stereotypes by watchdogs including the Advertising Standards Authority and the broadcast media regulator Ofcom.

 

Some older people are also still at high risk of "digital exclusion", MPs believe, because they do not have the skills to access online banking, council or GP services - despite the government launching a digital inclusion strategy 10 years ago.

 

Latest figures from Ofcom say nearly one-in-three people (29%) aged over 75 do not have access to the internet at home, compared to roughly one-in-16 (6%) of all adults.

 

The Commons report concludes that existing laws against age discrimination are too weak and "failing older people" because they are rarely enforced, despite evidence of the harm such attitudes cause.

 

Committee chair Sarah Owen, a Labour MP for Luton North, said it was time for a review of how to shrink the UK's "pervasively ageist culture" and bring in enforcement with teeth.

 

"It is a considerable failure of government that the digital inclusion strategy has not been updated, nor progress tracked, for a decade," she said.

 

"Ultimately much more must be done to tackle ageist attitudes and discrimination across society, including in access to healthcare, local services, banking and transport."

 

Owen is calling for the UK government to follow the Welsh example of establishing a commissioner for older people alongside community champions to deliver a national strategy.-bbc

 

 

 

 

 

 

 

 

 


 


 


 Invest Wisely!

Bulls n Bears 

 

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INVESTORS DIARY 2025

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


Companies under Cautionary

 

 

 


 

 

 

 


CBZH

GetBucks

EcoCash

 


Padenga

Econet

RTG

 


Fidelity

TSL

FMHL

 


 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

 


DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from s believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other  Indices quoted herein are for guideline purposes only and d from third parties.

 


 

 


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