Major International Business Headlines Brief ::: 11 Jul 2025

[Bulls n Bears]

 <https://bullszimbabwe.com/> 

 


 

 <http://www.bullszimbabwe.com> Bullszimbabwe.com         <mailto:info at bulls.co.zw?subject=View%20and%20Comments> Views & Comments        <https://bullszimbabwe.com/category/blogs/bullish-thoughts/> Bullish Thoughts        <http://www.twitter.com/BullsBears2010> Twitter         <https://www.facebook.com/BullsBearsZimbabwe> Facebook           <http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn          <https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO> WhatsApp         <mailto:bulls at bullszimbabwe.com?subject=Unsubscribe> Unsubscribe

 


 

 


Major International Business Headlines Brief :::  11 Jul  2025 

 


                                                                                  

 


 <mailto:info at bulls.co.zw> 

 


 

 


 

ü  Ethiopia, Zambia Deepen Bilateral Relations

ü  Lesotho Declares Unemployment a National Disaster

ü  Nigeria: Tinubu Urged to Probe NNPCL's Failure to Revive Port Harcourt Refinery

ü  Uganda Re-Opens Bunagana-Mupaka Border Points With DR Congo

ü  Somalia's Finance Minister Biixi Imaan Cige Named Africa's Best Finance Minister of 2025

ü  East Africa: Exclusive - Yamaha Faces Heat Over Monopoly Deal in Malawi - - COMESA Cracks the Whip

ü  Africa: Seedstars to Co-Manage Seco Startup Fund With $6.3m to Deploy

ü  South Africa: Stitch Acquires Efficacy Payments to Offer Direct Card Acquiring

ü  Zambia: Mineral-Rich Zambia, South Africa Aim to Lead Global Clean Energy Research

ü  Nigeria: Rivers Indigenes Urge Court to Reverse Senate's Approval of State's Budget, Appointments

ü  Somalia: Somali Government Launches Plan to Reopen Blocked Roads and Ease Traffic in Mogadishu

ü  Algeria: Trump Sends Tariff Letters to 8 More Countries

ü  Nigeria: Govt Engages Kano Market Leaders, Traders On Consumer Protection

ü  Rwanda: High-Grade Lithium Deposits Found in Rwanda

ü  Asia is reeling from Trump's tariff salvo – is anyone winning?

ü  Trump threatens 35% tariffs on Canadian goods

ü  Original Birkin bag shatters record with £7m sale

 


 <mailto:info at bulls.co.zw> 

 


Ethiopia, Zambia Deepen Bilateral Relations

ADDIS ABABA - Zambian Ambassador to Ethiopia Rose Sakala said the long-standing, multifaceted relationship between the two countries has grown stronger across various sectors.

 

In an exclusive interview with ENA, Ambassador Sakala highlighted the enduring and multifaceted ties between Ethiopia and Zambia, noting that the relationship been gaining momentum and continues to thrive across diverse sectors.

 

Specifically, since Zambia established its embassy in Ethiopia, the partnership between the two countries has been flourishing, evolving from strength to strength and fostering various forms of cooperation, she remarked.

 

She noted that in 2017, the two nations successfully established a joint permanent commission, which has since yielded practical benefits in several areas of mutual cooperation.

 

According to the Ambassador, efforts have been made to bring together business professionals and other stakeholders from both sides to further enhance their ties, as both countries possess significant potential.

 

She indicated that the joint permanent commission fortifies connections in trade and investment, particularly in the fields of agriculture and air transport.

 

Acknowledging Zambia's significant historical contributions to African unity and pan-Africanism, the Ambassador highlighted that Zambia has been proactive in reinforcing its commitment to African causes.

 

Consequently, Zambia has been actively involved in organizing and participating in various platforms aimed at promoting African unity and advancing continental agendas, she stated.

 

In a similar vein, the Ambassador pointed out that Zambia has been supporting initiatives to uphold peace and security across the continent, both through troop contributions and by seeking to resolve crises through peaceful diplomatic means, asserting that "Dialogue is the way forward."

 

She mentioned that Zambia, along with other African nations, is striving to reform the UN Security Council to secure permanent representation for Africa within the organization, as excluding Africa is a historical injustice.

 

On the other hand, the Ambassador stated that Zambia has made substantial contributions to regional economic integration, with pan-Africanism serving as a fundamental principle and driving force behind these efforts.

 

She emphasized that Zambia is an integral part of the 1,300-kilometer Lobito Corridor railway project, which is expected to enhance connectivity, trade, and transportation across three southern African countries.

 

Regarding the African Union's blueprint, Agenda 2063, the Ambassador described it as a golden agenda that presents numerous opportunities for Africa, urging for its implementation through collaborative efforts.

 

The Ambassador remarked: "If we bind together, we shall overcome, if we don't bind together the challenges will continue amongst ourselves."

 

THE ETHIOPIAN HERALD FRIDAY 11 JULY 2025

 

Read the original article on Ethiopian Herald.

 

 

 

 

Lesotho Declares Unemployment a National Disaster

Lesotho has declared a state of disaster over high unemployment rates.

 

The 2024 Lesotho Labour Force Survey, released last week, puts the country's unemployment rate at 30%. Among people aged between 15 and 35, it is 39%. The previous survey was done in 2019 and reported unemployment at 22.5%.

 

The country's unemployment became a national talking point last month after footage was circulated on social media showing thousands of unemployed young people flocking to the Lesotho Defence Force's recruitment centres to interview for available positions.

 

GroundUp recently reported on job cuts at textile factories due to looming tariffs imposed by the United States.

 

The state of disaster was gazetted on Monday. It will remain in effect for two years.

 

The government has promised to create 62,000 jobs and to launch a M400-million (M1 = R1) initiative to fund youth-led businesses. Young people will now be able to register businesses for free. The costs of accessing government tender documents, which previously ranged between M500 and M3,000, have also been lowered.

 

A new procurement policy has been introduced to ensure 40% of public contracts go to youth, women and people with disabilities.

 

Other existing initiatives, such as Sebabatso, which links young Basotho entrepreneurs with international mentors, and Weekend Flea Markets, will be expanded.

 

Criticism

 

Kananelo Boloetse, a coordinator at the civil society group, Advocates for the Supremacy of the Constitution, commonly known as Section Two, has raised legal concerns.

 

"While the intent to address youth unemployment and job loss is commendable, using a disaster declaration under an Act not designed for economic hardship is legally questionable and may be constitutionally vulnerable," Boloetse told GroundUp.

 

Dr Tlohang Letsie, head of the Department of Political and Administrative Studies at the National University of Lesotho, says the declaration will have minimal impact.

 

He says it is a stopgap measure that lacks the depth needed to meaningfully address the crisis.

 

"What we are likely to see is a creation of unsustainable temporary jobs that are going to come to an end within a short period of time."

 

He added that the declaration serves a political purpose by presenting the government as responsive to public concerns, which could ease political pressure in the short term.

 

While Letsie acknowledged that the declaration could allow for funds to be channelled toward unemployment, he cautioned that funds could fall "into corrupt hands".

 

Read the original article on GroundUp.

 

 

 

 

Nigeria: Tinubu Urged to Probe NNPCL's Failure to Revive Port Harcourt Refinery

North East Coalition Group for Bola Tinubu 2027 has called on President Bola Tinubu to investigate the Nigerian National Petroleum Corporation Limited (NNPCL) over its failure to fix the Port Harcourt Refinery and other others owned by the federal government.

 

The call was made by the group's chairman, Ibrahim Babagana, yesterday in Maiduguri, Borno State, during a press briefing with coalition stakeholders.

 

The group questioned the utilisation of funds allocated for refinery rehabilitation, which seems unaccounted for, citing $1.5 billion approved in 2021 for rehabilitation and budgeted for repairs.

 

"The investigation aims to uncover the truth behind the refineries' failures and alleged financial improprieties, potentially leading to reactivating local refineries and strengthening regulatory oversight," he said.

 

Babagana commended the recent probe and investigation carried out by the EFCC on former key NNPCL officials, which includes: former group chief executive officer Mele Kyari; former managing director of the Port Harcourt Refining Company Limited (PHRC), Ibrahim Onoja; former managing director of the Kaduna Refining and Petrochemical Company (KRPC), Mustafa Sugungun; and chairman of the Board of Port Harcourt Refinery, who was the former EVP upstream NNPCL, Adokiye Tombomieye.

 

He added that the coalition has sent a formal petition to the office of the accountant general, the chairman of the EFCC, and the office of the vice president of the federation to ensure a thorough investigation.

 

The group believes President Tinubu's intervention is crucial in ensuring accountability and transparency in Nigeria's energy sector management.

 

The North East Coalition group also commended President Tinubu's 'Renewed Hope' agenda and pledged its support for his re-election in 2027.

 

Read the original article on Leadership.

 

 

 

 

 

Uganda Re-Opens Bunagana-Mupaka Border Points With DR Congo

After four years of closure, Uganda has re-opened it's border points with the Democratic Republic of Congo (DRC) at Bunagana and Mupaka.

 

The border was closed in June 2022 due to the M23 rebel activities in the DRC.

 

In 2022,the Kisoro district security committee resolved to close the Uganda-DRC border of Bunagana and Mupaka.

 

A team of Kisoro district official led by Kisoro Resident District Commissioner (RDC) Hajji Badru Sebyara met with DRC officials, led by Desire Kanyamarere,mayor of Bunagana,to officially re-open the border.

 

Durimg the re-opening Sebyara applauded president Museveni for the border re-opening stressing that it will boost border trade between the two countries.

 

"We are so thankful to president Museveni for allowing this border to be opened."Sebyala noted.

 

MP Bufumbira South, Seruganda Niyonsaba and the Kisoro LC5 Abel Bizimana also echoed their voices extending their appreciation to President Museveni and CDF Gen Muhoozi Kainerugaba.

 

Gen.Muhoozi Kainerugaba for border re-opening highlighting that the business has counted losses for a long period of time.

 

"Border closure has greatly affected our people because we have business people from banks, but since the border closure some of them sold of their properties," leaders say.

 

Ismail Ndayambaje mayor Bunagana called on business sector to quickly resume business operations along the border line.

 

Read the original article on Nile Post.

 

 

 

 

Somalia's Finance Minister Biixi Imaan Cige Named Africa's Best Finance Minister of 2025

London — The Minister of Finance of the Federal Government of Somalia, Hon. Biixi Imaan Cige, has been awarded the prestigious title of Africa's Best Finance Minister for the year 2025 during an international award ceremony held in London.

 

The award recognizes Minister Biixi's exemplary leadership and significant achievements over the past two years in office. Notably, under his stewardship, Somalia achieved:

 

The historic Debt Relief milestone in 2023 under the HIPC Initiative,

Modernization of the domestic revenue system, resulting in increased government revenue,

And strong post-debt relief fiscal strategies, which helped Somalia avoid new unsustainable borrowing and instead attract grant-based international financing.

These accomplishments have positioned Somalia as a regional role model for financial governance and reform, inspiring other African nations to follow the path Somalia has carved toward responsible and transparent economic management.

 

During his acceptance speech, Minister Biixi stated:

 

"This award is not just mine--it belongs to the people of Somalia. They are the backbone of our economic recovery and progress. I would also like to commend Somali entrepreneurs, whose courage and investment in rebuilding our nation, despite numerous challenges, continue to drive us forward."

 

He reaffirmed the Somali government's commitment to strengthening transparency and accountability across its financial institutions, and to maintaining close collaboration with international development partners.

 

This recognition serves as a clear testament to Somalia's determination to transform its economy, rebuild trust in public institutions, and lay the foundation for a sustainable future.

 

Read the original article on Radio Dalsan.

 

 

 

 

East Africa: Exclusive - Yamaha Faces Heat Over Monopoly Deal in Malawi - - COMESA Cracks the Whip

Yamaha Motors is in trouble with regional trade watchdog COMESA over plans to give one company, Paramount Holdings, full control to sell its products in Malawi. This move has sparked outrage among local businesses and triggered a formal investigation.

 

Sources say Yamaha quietly signed an exclusive deal with Paramount in 2023, cutting out other firms like Stansfield Motors and Luthando Holdings, which had been working with Yamaha through sub-dealer networks. COMESA says this kind of monopoly goes against its fair trade rules and hurts small businesses and consumers.

 

"Giving power to just one company kills competition and raises prices," a source at the COMESA Competition Commission said. The commission has now summoned Stansfield Motors to a key meeting on July 14 in Blantyre to get answers.

 

Meanwhile, the matter is also in court. Stansfield and other dealers got a court order last year to block Yamaha's exclusive deal with Paramount. They argue Yamaha should work with all qualified companies, not just one favourite, to create jobs and protect local traders.

 

There are also questions being raised about Malawi's Director of Public Prosecutions, Masauko Chamkakala, with critics accusing him of turning a blind eye.

 

If Yamaha is found guilty of breaking COMESA rules, it could face heavy penalties and be forced to cancel the monopoly deal -- a big win for fair business in Malawi.

 

Read the original article on Nyasa Times.

 

 

 

 

 

Africa: Seedstars to Co-Manage Seco Startup Fund With $6.3m to Deploy

SSF is being relaunched with a refreshed strategy to support high-impact businesses in Swiss partner countries that lack access to traditional financing

The fund will offer flexible, non-dilutive debt capital with 2-5 year terms, structured to match the cash flow profiles

The SECO Startup Fund (SSF), backed by Switzerland's State Secretariat for Economic Affairs (SECO), has announced a new co-management structure with Seedstars and iGravity as it prepares to deploy CHF5 million ($6.3 million) in debt financing to startups in Africa, Asia, Latin America, and Eastern Europe.

 

Originally launched in 1997, the SSF is being relaunched with a refreshed strategy to support high-impact businesses in Swiss partner countries that lack access to traditional financing. The fund will offer flexible, non-dilutive debt capital with 2-5 year terms, structured to match the cash flow profiles of early-stage and growth-stage companies.

 

The fund is sector-agnostic but prioritizes businesses that promote decent work, access to critical goods and services, and climate resilience. All eligible companies must show a concrete connection to Switzerland--such as partnerships, shareholding, or supply chain links--in line with SECO's international cooperation goals.

 

Daba is Africa's leading investment platform for private and public markets. Download here

 

Key Takeaways

 

The relaunch of the SECO Startup Fund adds a rare form of capital to the emerging market startup ecosystem: patient, structured debt. Unlike equity-focused VC firms, the SSF's model avoids pressure for fast exits, instead enabling capital-efficient founders to grow at a sustainable pace. By partnering with Seedstars, an investor with deep networks in frontier markets, and iGravity, known for its impact finance expertise, SECO aims to unlock more inclusive economic growth in developing economies while reinforcing Swiss economic diplomacy. With traditional lenders often avoiding early-stage risk, the fund fills a crucial financing gap, especially for startups that already have revenue but are too early or too small for commercial credit. As emerging market startups mature, blended finance vehicles like SSF will play a key role in bridging private capital with development objectives.

 

Read the original article on Daba Finance.

 

 

 

 

South Africa: Stitch Acquires Efficacy Payments to Offer Direct Card Acquiring

South African payments infrastructure startup Stitch has acquired Efficacy Payments, enabling it to offer direct card acquiring services as a Designated Clearing System Participant (DCSP). The move positions Stitch among the first local fintechs to provide end-to-end card processing both online and in-person.

 

Founded in 2021, Stitch offers API-based payments infrastructure that helps businesses streamline operations and scale efficiently. The company has raised $107 million, including a $55 million Series B round in April 2025. Its expansion into card acquiring builds on its earlier acquisition of ExiPay, part of its push into in-person payments.

 

Efficacy, launched in 2016, became a DCSP in 2021--only the second fintech in South Africa to earn the designation. This acquisition gives Stitch full control over card transaction flows, from authorization to settlement. "With Efficacy, we're improving conversion, reconciliation, and access to modern card tech for our merchants," said Junaid Dadan, Stitch co-founder and president.

 

Daba is Africa's leading investment platform for private and public markets. Download here

 

Key Takeaways

 

Stitch's acquisition of Efficacy marks a strategic step toward full-stack payments infrastructure ownership in South Africa. As a DCSP, Stitch can bypass intermediaries, cut costs, and offer greater control and transparency to merchants, improving margins and customer experience. The move reflects a broader trend among African fintechs: building vertically integrated infrastructure to improve speed, reliability, and cost in payment flows. With this acquisition, Stitch strengthens its position in South Africa's R500 billion+ card payments market while aligning with merchant demand for unified online and offline payment solutions. It also signals growing maturity in the region's fintech ecosystem, where firms are evolving from aggregators to infrastructure providers, driving competition with traditional banks and global processors.

 

Read the original article on Daba Finance.

 

 

 

 

 

Zambia: Mineral-Rich Zambia, South Africa Aim to Lead Global Clean Energy Research

Zambia and South Africa are leading Africa in laying the groundwork to transform their vast mineral wealth into platforms for research, clean-tech development, and innovation.

 

Zambia, South Africa, and other African countries are seeding mining innovation ecosystems that could shift their role in the global energy transition, from resource suppliers to technology producers.

 

According to Felicia Ncube, a mineral economist and advisor to the African Union Commission, "it is part of a broader global reckoning with supply chain sovereignty and innovation equity."

 

"If innovation continues to be concentrated in more developed economies while critical inputs come from the South, we're setting up an unsustainable imbalance," adds Professor André Visser, a mining systems analyst at Stellenbosch University.

 

Africa holds over 30% of the world's known reserves of critical transition minerals such as copper, cobalt, lithium, and nickel. Yet the continent remains largely excluded from the global mining innovation ecosystem.

 

Most mining technologies, those enabling cleaner, safer, and more efficient extraction and processing, are developed, tested, and commercialized in countries like the U.S., Australia, and Canada.

 

Despite this imbalance, several African countries are moving fast to lay the foundation for local innovation ecosystems to ensure African countries are not just exporting raw materials, but leading the clean energy shift using the continent's mineral endowment as a launchpad.

 

Zambia and South Africa are leading the continent in these efforts.

 

Zambia's Copperbelt region has long been a cornerstone of global copper supply. Now, university labs, tech hubs, and policy think tanks are emerging, promising to spark homegrown mining innovation. Its 2024 National Critical Minerals Strategy lays out a vision for local value addition, downstream processing, and expanded research and development.

 

This vision is already backed by institutional investment. Both the University of Zambia and Copperbelt University have launched research centres focused on geometallurgy, mineral processing, and hydrogeology.

 

Copperbelt University also hosts the UniPod, a design and prototyping lab supporting early-stage mining tech development.

 

The country is also home to the pan-African MineTech Hub, launched in 2024 as part of the UNDP-backed Timbuktu Initiative. It supports innovators across 21 African countries, offering up to US$25,000 in seed grants, pilot testing support, and commercialization coaching.

 

In less than a year, the hub has received over 350 applications, a strong signal of pent-up demand among African innovators.

 

Zambia is also advancing plans for a "Rock Warehouse," a shared space offering access to geological samples and small-scale testing, reducing dependence on expensive, foreign-based labs.

 

"We see a lot of demand from innovators, but the accessibility is just not quite there," said Luck during the report launch.

 

South Africa, by contrast, boasts a more mature research ecosystem, but one facing systemic bottlenecks.

 

The Mandela Mining Precinct, co-led by the Council for Scientific and Industrial Research and the Minerals Council South Africa, is a flagship public-private platform supporting OEMs, universities, and service providers.

 

The Wits University DigiMine lab is now a continental leader in digital mining research, while the University of Pretoria's Mining Resilience Research Centre focuses on sustainability and systems innovation.

 

Yet moving from lab to market remains a hurdle. Risk-averse procurement among large mining companies slows the demonstration and adoption of promising technologies.

 

Meanwhile, startups struggle to raise Series A funding in a landscape still dominated by traditional equipment suppliers.

 

Information silos add another barrier. "The biggest challenge is the lack of information and data sharing," said Julie Courtnage of the Mandela Mining Precinct. "We need to avoid situations where the same solution is developed twice because teams aren't talking to each other."

 

Even where innovations break through, scale is elusive. South Africa's Isidingo Challenge, through its OEM cluster, has supported the development of next-generation rock drills, but large-scale adoption remains limited.

 

Zambia also faces hurdles. The country relies on imports for nearly 99% of its mining equipment, creating delays and higher costs for local innovators.

 

Still, both countries are beginning to use policy to close these gaps. South Africa's draft Critical Minerals Strategy, developed by Mintek, promotes local beneficiation and international co-development. Partners from Brazil, Japan, and Australia are already exploring joint ventures.

 

In Zambia, mineral policy is now integrated with industrial strategy, aiming to position the country as not just a copper exporter, but a regional hub for mining innovation and clean-tech manufacturing.

 

These shifts are already shaping how donors and investors approach Africa's mining opportunity.

 

The Cleantech Group report highlights high-impact interventions, from business accelerators and testing facilities to corporate matchmaking and artisan-focused innovation funds.

 

Among the most ambitious is the proposed Artisanal and Small-Scale Mining (ASM) Fund. The fund would offer seed capital, training, and market access to Zambia's estimated 600,000 artisanal miners, an often-overlooked source of local innovation.

 

As the global energy transition accelerates, the risk grows that Africa once again plays the role of raw material supplier, without capturing the economic or technological upside.

 

According to a 2025 Cleantech report, global venture capital investment in mining technologies rose from $100 million in 2020 to over $1.2 billion in 2023, a more than tenfold increase.

 

Yet over 80% of that capital went to just three countries: the United States, Canada, and Australia. Africa, despite its mineral wealth, captured less than 5%.

 

The report also notes that while average deal sizes ballooned, from $3.1 million in 2020 to over $33 million in 2024, most of this capital went to later-stage ventures. Early-stage hard tech startups in emerging markets, including Africa, saw funding shrink.

 

Madeleine Luck, science lead at the Quadrature Climate Foundation, which co-authored the report, warns that global innovation risks becoming myopic. "We're at risk of missing transformative solutions if Global South innovators can't compete," she said during a webinar on the findings.

 

She argued that philanthropic capital must play a catalytic role, not just to fill gaps, but to unlock broader finance. "By de-risking certain innovations or opening up space for new ideas and actors to emerge, especially where capital is scarce, we can shift the landscape."

 

Noah Ross, a senior consultant at Cleantech Group, echoed the urgency. "Public funding is absolutely essential," he said. "Countries like the U.S. and Australia are pulling ahead not just through private capital but via billions in government-backed grants and loans."

 

With the right support, Africa's mineral advantage may yet become its innovation edge.

 

Read the original article on Independent (Kampala).

 

 

 

 

 

Nigeria: Rivers Indigenes Urge Court to Reverse Senate's Approval of State's Budget, Appointments

The plaintiffs argued that the emergency rule imposed on Rivers State and the subsequent legislative approvals by the National Assembly were not backed by law.

 

The Federal High Court in Abuja has fixed 18 July for ruling on an application seeking the invalidation of the Nigerian Senate's approval of the Rivers State's 2025 budget.

 

A group of Rivers State indigenes and a civil society organisation filed the application urging the court to restrain the National Assembly from approving budgets or appointments for the Rivers Government under the current Sole Administrator, Ibok-Ete Ibas, a retired vice admiral.

 

The applicants sought an interim injunction restraining the defendants "from further interference, approving, supporting and engaging in any legislative activities, including approving, appointment or budgets of Rivers State Government."

 

The plaintiffs include Oziwe Amba, who is the king regent of Diobu neighbourhood of Port Harcourt, the Rivers State capital. The others are Julius Bulous, George Ikeme, Amachelu Orlu, Odioha Wembe, and Hope Africa Foundation, which claimed to be part of the suit as a representative of Niger Delta Confederal Assembly.

 

They sued the National Assembly and its clerk to challenge the emergency rule and its fallouts, including ratification of Rivers State appointments and budgets by the National Assembly.

 

Their application seeking an interlocutory injunction, filed on 24 June, is tied to a substantive suit instituted on 19 June.

 

In the main suit, the plaintiffs asked the court to nullify President Bola Tinubu's declaration of a state of emergency in Rivers State and the appointment of Mr Ibas as the state's sole administrator, both of which they described as unconstitutional.

 

President Bola Tinubu suspended Governor Siminalayi Fubara and other elected officials of the state for six months under the emergency rule he declared on the state on 18 March.

 

The president appointed Mr Ibas to act as the Sole Administrator of the state for the period of the emergency rule.

 

The Senate, the upper chamber of the National Assembly, which took over the legislative functions of the Rivers State House of Assembly following the emergency rule declaration, passed the state's 2025 budget on 25 June.

 

It passed the budget, which totalled N1.485 trillion, following the third reading of the appropriation bill on the floor.

 

The Senate has similarly confirmed appointments for positions in the state.

 

The case came up before the judge, James Omotosho, on Wednesday.

 

While Ambrose Owuru, representing the plaintiffs, called for the invalidation of the Senate's approval of the Rivers State's budget, Mohammed Galadima, who appeared for the National Assembly and its clerk, called for the dismissal of the application.

 

Plaintiffs' grouses

 

In his submission, Mr Owuru argued that the emergency rule and the subsequent legislative approvals by the National Assembly were not backed by law.

 

He said the emergency proclamation was invalid because it was passed via "voice vote" rather than the constitutionally required two-thirds majority under Section 305 of the 1999 Constitution.

 

Mr Owuru said the state's 2025 budget was illegally passed by the Senate on 25 June, despite pending litigation challenging the legitimacy of the administrator and the legislative process that enabled his appointment.

 

He said that the respondents have persisted in approving and supporting actions by an administrator who was imposed outside the provisions of the Constitution. "They continue to constitute committees and approve spending in a state governed by emergency without legal justification," the lawyer said.

 

He added that the Nigerian constitution only permits a state of emergency where the elected governor fails to act and where the National Assembly, through a proper quorum, gives approval, not through voice votes.

 

The plaintiffs maintained in their affidavit filed in support of their application that failure to halt the contested actions connected with emergency rule would amount to continued trampling of their democratic rights to be governed by an elected official.

 

Call for dismissal of application

 

Responding to submission of the plaintiffs' lawyer, Mr Galadima maintained that the National Assembly acted lawfully and that the voice vote was procedurally valid within legislative practice.

 

He warned that granting the motion could create confusion and disrupt ongoing governance in the state. "The applicants have not shown any legal injury that warrants this court's intervention at this stage," the defence lawyer told the judge.

 

Judge Omotosho fixed 18 July for ruling on the motion.

 

Read the original article on Premium Times.

 

 

 

 

Somalia: Somali Government Launches Plan to Reopen Blocked Roads and Ease Traffic in Mogadishu

Mogadishu - The Federal Government of Somalia has initiated a new plan aimed at reopening blocked roads in the capital, Mogadishu, as part of broader efforts to ease traffic congestion and improve mobility for residents facing daily hardships due to street closures and vehicle gridlock.

 

The Minister of Internal Security, Hon. Abdullahi Sheikh Ismail (Fartaag), was briefed by a task force appointed to address the worsening traffic problem in Mogadishu. The committee includes representatives from security agencies, the Benadir Regional Administration, and federal institutions.

 

In the meeting, the task force presented an assessment of the impact of road closures and traffic congestion on the public and proposed strategies to systematically review and reopen key roads that have been blocked, often for extended periods due to security concerns.

 

The discussions also highlighted the need to reduce movement restrictions imposed on residents, particularly in areas where barriers and roadblocks have disrupted livelihoods, limited access to services, and created frustration among commuters.

 

This initiative comes amid growing public complaints about concrete barriers, closed intersections, and severe traffic jams in central Mogadishu, which many say have turned daily commutes into long, frustrating journeys.

 

"We must strike a balance between ensuring security and allowing freedom of movement for the people," said one official present at the meeting. "This plan will help restore public trust and improve urban life."

 

The government's new roadmap is expected to include road assessments, consultations with local communities, and a phased reopening of streets, with security considerations remaining a key factor.

 

Read the original article on Radio Dalsan.

 

 

 

 

 

Algeria: Trump Sends Tariff Letters to 8 More Countries

New York — U.S. President Donald Trump sent letters to the leaders of eight countries Wednesday, notifying them that tariffs ranging from 20 percent to 50 percent will be charged on goods imported from these countries starting Aug. 1.

 

Trump first posted letters to seven countries -- the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka -- on Truth Social, his own social media platform.

 

According to the letters, 30 percent tariffs will be imposed on Libya, Iraq, Algeria and Sri Lanka, 25 percent on Brunei and Moldova, and 20 percent on the Philippines.

 

Later in the day, Trump announced that tariffs of 50 percent will be charged on goods from Brazil, also effective on Aug. 1.

 

His letter to Brazilian President Luiz Inacio Lula da Silva claimed that "Due in part to Brazil's insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans ... we will charge Brazil a Tariff of 50% on any and all Brazilian products sent into the United States."

 

"Any unilateral measure to raise tariffs will be responded to in light of Brazil's economic reciprocity law," Lula said Wednesday on X.

 

Brazilian Vice President Geraldo Alckmin said Wednesday it was "unjust" for Trump to impose tariffs of 50 percent on Brazilian products.

 

"I see no reason to increase tariffs on Brazil. Brazil is not a problem for the United States; it is important to reiterate that. The United States has a trade deficit, but a surplus with Brazil," Alckmin said.

 

Trump sent the first batch of tariff letters to 14 countries on Monday, with tariffs ranging from 25 percent to 40 percent.

 

Read the original article on Independent (Kampala).

 

 

 

 

 

Nigeria: Govt Engages Kano Market Leaders, Traders On Consumer Protection

The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has reaffirmed its resolve to protect consumer rights and ensure fair trade practices across major markets in Kano State.

 

Speaking during a Market Engagement Forum held at the Dawanau International Grains Market in Kano, the Executive Vice Chairman/CEO of the FCCPC, Mr. Tunji Bello, represented by the Commission's Principal Consumer and Business Education Officer, Bridget Etim, said the commission was in Kano to listen, educate, and enforce compliance with consumer protection laws.

 

"We are here because consumer protection does not happen from a distance," Etim told a gathering of market leaders, traders, and stakeholders. "It begins in the markets, where traders like you power our economy, support families, and drive national growth."

 

"The forum is part of a nationwide initiative under President Bola Ahmed Tinubu's Renewed Hope Agenda to empower Nigerians, support livelihoods, and drive inclusive development through stronger market regulations and consumer rights awareness."

 

Etim highlighted key challenges affecting market integrity, including sale of underweight and mislabelled products, such as rice and maize; rebagging of expired or low-quality goods as premium or imported brands; proliferation of counterfeit products undermining genuine businesses; price-fixing by market associations, especially during festive seasons; use of tampered weighing scales and under-measurements and poor complaint handling and disregard for consumer grievances.

 

"These are not minor issues," she said. "They are violations of the law and they harm both consumers and honest traders."

 

She referenced recent enforcement actions in Abuja, where the FCCPC shut down shops in Utako Market where substandard rice were being rebranded as imported varieties.

 

A similar crackdown, she said, is being planned for Kano, with the Commission's Market Monitoring Taskforce set to visit in the coming weeks.

 

Etim said the Commission is pursuing a multi-pronged approach involving sanctioning violators under the Federal Competition and Consumer Protection Act (FCCPA) 2018; providing multilingual awareness materials, including in Hausa; offering compliance assistance to trader associations and collaborating with market leaders to design locally driven solutions.

 

"If you are doing the right thing, you have nothing to fear," Etim assured. "In fact, you are our partner. But if you engage in dishonest practices, the FCCPC will take action--swiftly and decisively."

 

President of Dawanau International Grains Market, Alhaji Muttaka Isa, welcomed the engagement, noting that it aligns with the market's commitment to ethical trade.

 

"We are very pleased with the presence of the FCCPC today," Isa said. "This will help ensure good quality goods for consumers and promote transparent pricing. Our market already operates within a clear structure; what we need is fair and balanced regulation for everyone."

 

He emphasized the importance of collaboration between regulators and traders to ensure the market environment benefits both sellers and buyers.

 

"If you see fake products, rigged scales, or pricing cartels, report them," she said. "We treat all complaints confidentially and act on credible information."

 

Read the original article on Daily Trust.

 

 

 

 

 

 

Rwanda: High-Grade Lithium Deposits Found in Rwanda

Aterian PLC, a UK based critical minerals exploration company, announced that it has found high-grade lithium deposits in Rwanda, following a drilling exercise in collaboration with Rio Tinto Mining and Exploration Ltd, a British-Australian mineral exploration multinational company.

 

"The initial results confirm the presence of high-grade lithium mineralisation and demonstrate the prospectivity of the HCK Project," the company said in a statement released on July 10.

 

HCK Project is a joint venture between Aterian and Rio Tinto. Under the project, the two firms kicked off drilling activities in September 2024 in the Southern Province.

 

ALSO READ: Rwanda's lithium exploration efforts reach advanced stage

 

Aterian, a London Stock Exchange (LSE) listed company, revealed that one drill hole in particular, known as MWOG0002, reached a depth of 174.6 meters and uncovered a 6.9-meter section of lithium-bearing rock grading 2.11 per cent lithium, containing a higher-grade interval of 3.45 metres at 3.20 per cent lithium.

 

Drilling was conducted on only two of the twelve defined prospect areas by Rio Tinto.

 

As a result, Rio Tinto announced that it will exercise its Stage 1 earn-in rights under the joint venture agreement, allowing it to own a 51 per cent interest in the HCK license.

 

This means that its interest in the license will increase to 75 per cent upon investing $7.5 million over a period of three years, as indicated in the agreement.

 

ALSO READ: New joint venture to explore Lithium in Rwanda

 

Simon Rollason, CEO of Aterian, said that they are encouraged that Rio Tinto has exercised its Stage 1 earn-in rights following the completion of the initial Stage 1 exploration programme.

 

He noted that during this phase, only two of the twelve prospects identified during Rio Tinto's fieldwork were tested, and the potential exists to identify less weathered areas where additional lithium-rich rocks may occur.

 

"While further work is required to fully assess the project's scale and continuity, these early indications provide a strong foundation to build upon as we advance our exploration activities in Rwanda," he said.

 

ALSO READ: UK mining firm keen to exploit lithium in Rwanda

 

Dubbed "white gold" for electric vehicles (EVs), lithium plays a critical role in the cathodes of all types of lithium-ion batteries that power EVs, although it is also used in the batteries of laptops and cell phones, as well as in the glass and ceramics industry.

 

Rollason noted that there will be additional work to further evaluate the scale, continuity, and development potential of the mineralisation given the weathering profile.

 

"A comprehensive technical review is currently underway to determine the optimal next phase of exploration. A JV decision regarding the forward work programme is anticipated by the end of 2025,"he noted.

 

The joint venture agreement signed in 2023 allowed for the exploration and development of lithium and by-products, through a project that boasts 19 identified pegmatite zones for lithium, cesium, and tantalum on 2,750 hectares of land in Southern Province.

 

As of July 2024, Rwanda's mining sector contributed about 3 per cent to the country's economic output and employs more than 72,000 people. The sector boosts $150 billion revenue potential.

 

Read the original article on New Times.

 

 

 

 

 

 

Asia is reeling from Trump's tariff salvo – is anyone winning?

"Deeply regrettable" is how Japanese Prime Minister Shigeru Ishiba has described US President Donald Trump's latest tariff threat - a 25% levy on Japanese goods.

 

Tokyo, a long-time US ally, has been trying hard to avoid exactly this. It has been seeking concessions for its beleaguered car makers, while resisting pressure to open its markets to American rice.

 

There have been many rounds of talks. Japan's tariff negotiator has visited Washington DC at least seven times since April, when Trump announced sweeping tariffs against friends and foes.

 

And yet, those trips seem to have borne little fruit. Trump's label for Tokyo moved from "tough" to "spoiled" as talks dragged on.

 

And then this week, Japan joined a list of 23 nations that were sent tariff letters - 14 of those are in Asia. From South Korea to Sri Lanka, many are export-driven manufacturing hubs.

 

On Friday, Trump announced a 35% tariff for goods imported from Canada.

 

The president also said he plans to raise blanket tariffs from 10% to up to 20% on most trade partners, dismissing concerns that further levies could push up inflation.

 

"We're just going to say all of the remaining countries are going to pay, whether it's 20% or 15%. We'll work that out now," he told NBC News.

 

Countries around the world have until 1 August to strike a deal with the US. But they are likely wondering about their chances given that Japan, a staunch ally that has been openly pursuing a deal, is still facing a steep levy.

 

Trump has reset the tariffs clock - again. So who is winning, and who is losing?

 

 

How Trump's tariff chaos could reshape Asia's businesses

Winner: Negotiators who want more time

In one sense, almost all of the countries targeted by Trump earlier this year benefit from the deadline extension - they now have another three weeks to strike deals.

 

"The optimistic case is that there is pressure now to engage in further negotiations before the 1 August deadline," said Suan Teck Kin, head of research at United Overseas Bank.

 

Growing economies like Thailand and Malaysia, which received tariff letters this week, will be especially eager to seek a solution. They are also caught in the middle of US-China tensions as Washington targets Chinese exports rerouted through third countries, what are known as transhipped goods.

 

Economists have told the BBC that further extensions are likely, given the complexity of trade agreements.

 

Countries will need time to implement Trump's demands, which, going by the letters, are not entirely clear, said business lecturer Alex Capri from the National University of Singapore.

 

For instance, transhipped goods have been specifically levied as part of Vietnam's trade deal with the US. But it is unclear whether that applies to finished goods, or to all imported components.

 

Either way, it will involve far more sophisticated technology to keep track of supply chains, Mr Capri said.

 

"It's going to be a slow, long-term and evolving process involving many third parties, tech companies and logistic partners."

 

 

Loser: Asian manufacturers

It seems clear that tariffs are here to stay, which makes global trade the loser.

 

Companies from the US, Europe and China with global businesses remain at risk, Mr Capri said. This hurts not just exporters, but also US importers and consumers.

 

And it is a blow for the economic ambitions of large parts of Asia, whose rise has been fuelled by manufacturing, from electronics to textiles.

 

Getty Images Garment workers, men and women, walk out in a large group from their factory during their lunch break in Phnom Penh on July 8, 2025.Getty Images

Cambodia's garment workers rely on an export-driven industry for their livelihood

 

It is unwise to make zero-sum observations on which countries are winning and losing, Mr Capri added, because international trade, especially between US and China is so deeply inter-linked.

 

Some countries, however, could lose more than others.

 

Vietnam was the first in Asia to strike a deal, but it has little leverage against Washington, and is now facing levies up to 40%. The same goes for Cambodia. A poor country heavily reliant on exports, it has been negotiating a deal as Trump threatens 35% tariffs.

 

South Korea and Japan, on the other hand, may be able to hold out longer, because they are richer and have stronger geo-political levers.

 

India, which too has leverage of its own, has not been issued a letter yet. A deal has seemed imminent but appears to be delayed by key sticking points, including access to the Indian agricultural market and the country's import rules.

 

Loser: US-Japan alliance

"Despite its close economic and military relationship with the US, Japan is being treated the same as other Asian trade partners," said economist Jesper Koll.

 

And that could transform the relationship, especially as Tokyo, with its large financial reserves, appears to be ready for the long game.

 

"Japan has proven to be a tough negotiator and I think that has annoyed Trump," Mr Koll said.

 

Despite a rice shortage that has sent prices soaring, PM Ishiba has refused to buy US rice, choosing instead to protect domestic farmers. His government has also refused to give in to US demands to increase its military spending.

 

 

Global businesses like Samsung are in limbo because of Trump's tariffs

"They are well prepared," Mr Koll argued. He said the day after Trump announced tariffs in April, Tokyo declared an economic emergency and set up hundreds of consultation centres to assist affected companies.

 

"Japan will be seeking a deal that is credible," he said, because what's the guarantee Trump won't change his mind again?

 

With Japan's upper-house election due this month, it would be surprising if a deal is agreed by August, Mr Koll said.

 

"No-one is happy. But is this something that is going to force a recession in Japan? No."

 

Winner: US or China?

Asia has long been seen as a key battleground between Washington and Beijing, and analysts say, because of tariffs, Trump may be ceding ground.

 

For one, given how complex these deals can be, Trump may be overplaying his hand by extending the deadline again, according to some observers.

 

"The bargaining position of the US has actually been diminished as they have revealed that their hand isn't actually as strong as they would like," said NUS economics professor David Jacks.

 

And the deals that are made could come at the cost of reshaping trade and ties built over decades.

 

Trump's choice of posting the letters online, rather than through traditional diplomatic channels, could backfire, said Mr Capri, who described it as "political theatre".

 

The confusion caused is a "great gift" to China, which is trying to portray itself as a stable alternative to Trump's unpredictability, he added.

 

But the US market is not easy to replace - and Beijing has its fair share of tensions with countries in this part of the world, from Vietnam to Japan.

 

China is in the middle of its own trade negotiations with the US, although it has longer to strike a full agreement - until 13 August.

 

So who will win more friends in this trade war is hard to say, but the race is still on.

 

“Both parties see the need for a divorce," Prof Jacks said, "but getting there will be tough and involve proceedings which will span years, if not decades."-BBC

 

 

 

 

 

 

Trump threatens 35% tariffs on Canadian goods

US President Donald Trump has said he will impose a 35% tariff on Canadian goods starting on 1 August, even as the two countries were days away from a self-imposed deadline to reach a new trade deal.

 

The announcement came in the form of a letter published on Trump's social media platform Truth Social, along with additional threats of blanket tariffs of 15% or 20% on most trade partners.

 

Canadian Prime Minister Mark Carney said his government would continue to protect his country's workers and businesses as they head towards the new deadline.

 

Trump has sent more than 20 such letters to other US partners this week. He also says he will soon announce new tariffs on the European Union.

 

 

Like Canada's letter, Trump has vowed to implement those tariffs by 1 August.

 

A blanket 25% tariff has already been imposed on some Canadian goods, with the nation also hit hard by Trump's global steel, aluminium and auto tariffs - though there is a current exemption in place for goods that comply with a North American free trade agreement.

 

It is unclear if the latest tariffs threat would also apply to goods covered by the Canada-United States-Mexico Agreement (CUSMA).

 

Trump has also imposed a global 50% tariff on aluminium and steel imports, and a 25% tariff on all cars and trucks not built in the US.

 

He also recently announced a 50% tariff on copper imports, scheduled to take effect next month.

 

Canada sells about three-quarters of its goods to the US, and is an auto manufacturing hub and a major supplier of metals, making the US tariffs especially damaging to those sectors.

 

Asia is reeling from Trump's tariff salvo – is anyone winning?

'In business, indecision is killer' - Canadian firms seek certainty in tariff war

Trump's letter said the 35% tariffs were separate to those sector-specific levies.

 

"As you are aware, there will be no tariff if Canada, or companies within your country, decide to build or manufacture products within the United States," Trump stated.

 

He also tied the tariffs to what he called "Canada's failure" to stop the flow of fentanyl into the US, as well as Canada's existing levies on US dairy farmers and the trade deficit between the two countries.

 

"If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter. These Tariffs may be modified, upward or downward, depending on our relationship with Your Country," Trump said.

 

President Trump has previously accused Canada - alongside Mexico - of allowing "vast numbers of people to come in and fentanyl to come in" to the US.

 

In his response on X, Carney said Canada had made essential progress to "stop the scourge of fentanyl" in North America, and that his government was committed to continuing to work alongside the US to protect communities in both countries.

 

According to data from the US Customs and Border Patrol, only about 0.2% of all seizures of fentanyl entering the US are made at the Canadian border. Almost all of the rest is confiscated at the US border with Mexico.

 

Earlier this year, Canada also announced more funding towards border security and had appointed a fentanyl czar in response to Trump's complaints.

 

EPA Canadian Prime Minister Mark Carney and US President Donald Trump walk in front of a large 3D sign that says G7 2025 in white, stacked on top of the word Kananaskis. Behind the sign are tall green pine trees, and an expanse of green lawn.EPA

At the G7 summit in June, Trump and Carney said they were committed to trade negotiations

Canada has been engaged in intense talks with the US in recent months to reach a new trade and security deal.

 

At the G7 Summit in June, Carney and Trump said they were committed to reaching a new deal within 30 days, setting a deadline of 21 July.

 

Trump threatened in the letter to increase levies on Canada if it retaliated. Canada has already imposed counter-tariffs on the US, and has vowed more if they failed to reach a deal by the deadline.

 

In late June, Carney removed a tax on big US technology firms after Trump labelled it a "blatant attack" and threatened to call off trade talks.

 

Carney said the tax was dropped as "part of a bigger negotiation" on trade between the two countries.-BBC

 

 

 

 

 

Original Birkin bag shatters record with £7m sale

The original Birkin bag, which set the template for arguably the most coveted accessory in fashion history, has been bought for €8.6m (£7.4m; $10.1m), becoming the most valuable handbag ever sold at auction.

 

The black leather bag was made for singer Jane Birkin in 1985 after she spilled her belongings while sitting next to the boss of luxury fashion house Hermès on a flight.

 

She asked why they didn't make bigger bags, so he sketched out the design for a new, more practical but still highly desirable item on the aeroplane's sick bag.

 

The prototype he made was sold to a private collector from Japan at Sotheby's in Paris on Thursday, far surpassing the €439,000 (£378,000; $513,000) previous record sale.

 

 

The auction house said there was an "electrifying" 10-minute bidding war between "nine determined collectors".

 

Morgane Halimi, Sotheby's global head of handbags and fashion, said the price was a "startling demonstration of the power of a legend and its capacity to ignite the passion and desire of collectors seeking exceptional items with unique provenance, to own its origin".

 

She added: "The Birkin prototype is exactly that, the starting point of an extraordinary story that has given us a modern icon, the Birkin bag, the most coveted handbag in the world."

 

The €8,582,500 total includes commission and fees. Sotheby's did not publish a pre-auction estimate.

 

Getty Images A back leather bag in a display case in front of a display manel saying "The original Birkin"Getty Images

Jane Birkin owned the original bag and lent her name to all that followed

 

The icon who inspired the Birkin bag

Getty Images Jane Birkin walking and talking with French director Bertrand Tavernier, with the bag under one armGetty Images

Birkin owned and used the bag for a decade before donating it to charity

 

After creating the bag for the Anglo-French singer and actress, Hermès put the bag into commercial production, and it remains one of the most exclusive status symbols in fashion.

 

Some styles cost many tens of thousands of dollars and have waiting lists of years, with owners including celebrities like Kate Moss, Victoria Beckham and Jennifer Lopez.

 

The original has some unique features, such as Birkin's initials on the front flap, a non-removable shoulder strap, the nail clippers she kept attached to the strap, and marks where she put stickers for causes she supported, such as Médecins du Monde and Unicef.

 

Birkin, who died in 2023 at the age of 76, owned the original bag for a decade and donated it to an auction to raise funds for an Aids charity in 1994.

 

It was later bought by Catherine Benier, who has a luxury boutique in Paris, who owned it for 25 years before selling it on Thursday.

 

Sotheby's said the previous record price for a handbag was set by a White Himalaya Niloticus Crocodile Diamond Retourne Kelly 28 in 2021.-BBC

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 


 


 Invest Wisely!

Bulls n Bears 

 

Cellphone:         +263 71 944 1674 | +27 79 993 5557 

Email:                <mailto:bulls at bullszimbabwe.com> bulls at bullszimbabwe.com

Website:             <http://www.bullszimbabwe.com> www.bullszimbabwe.com 

Blog:                  <http://www.bullszimbabwe.com/blog> www.bullszimbabwe.com/blog

Twitter (X):        @bullsbears2010

LinkedIn:           Bulls n Bears Zimbabwe

Facebook:           <http://www.facebook.com/BullsBearsZimbabwe> www.facebook.com/BullsBearsZimbabwe



 

 

 


 

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.

 


 

 


 (c) 2025 Web:  <http://www.bullszimbabwe.com> www.bullszimbabwe.com Email:  <mailto:bulls at bullszimbabwe.com> bulls at bullszimbabwe.com Tel: +27 79 993 5557 | +263 71 944 1674

 


 

 

 

 

 

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250711/8c7ef649/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.png
Type: image/png
Size: 9458 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250711/8c7ef649/attachment-0002.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 29359 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250711/8c7ef649/attachment-0003.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 29248 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250711/8c7ef649/attachment-0004.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.png
Type: image/png
Size: 34378 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250711/8c7ef649/attachment-0003.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image005.jpg
Type: image/jpeg
Size: 29361 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250711/8c7ef649/attachment-0005.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: oledata.mso
Type: application/octet-stream
Size: 65563 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250711/8c7ef649/attachment-0001.obj>