Major International Business Headlines Brief ::: 17 Jul 2025

[Bulls n Bears]

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Major International Business Headlines Brief :::  17 Jul  2025 

 


 


 


 <mailto:info at bulls.co.zw> 

 


 

 


 

ü  South Africa: FlySafair Wage Dispute Could Disrupt Travel

ü  Rwanda: Cabinet Approves Mineral Exploration Licenses

ü  Africa: Green Energy and Protecting Nature Get the Thumbs Up in Climate
Change Study in 68 Countries

ü  South Africa: E-Hailing Drivers Call for Industry Regulation

ü  Sudan's War Is an Economic Disaster - Here's How Bad It Could Get

ü  Liberia: Boakai Aides Push to Overturn Massaquoi's Nomination As Lta
Chair Despite Official Letter to Senate

ü  Uganda: 2,000 Electric Boda Boda Motorcycles Rolled Out to Boost Income
and Cut Emissions

ü  Nigeria: Dangote Asks Wealthy Nigerians to Invest in the Country for
Growth, Devt

ü  Tunisia: UK's Hamish Falconer Reaffirms Strong Bilateral Relations During
Official Visit to Tunisia

ü  Nigeria's Inflation Eases Again to 22.22

ü  Tanzania, UK Agree to Deepen Ties in Health, Investment, Tourism Sectors

ü  Tanzania Opts to Digitalize Its Agricultural System

ü  Africa Has Become Dumping Ground for Substandard Petroleum Products -
Dangote

 


 <mailto:info at bulls.co.zw> 

 


South Africa: FlySafair Wage Dispute Could Disrupt Travel

FlySafair customers may need to consider alternative travel plans as wage
negotiations between the airline and the union Solidarity have reached a
stalemate, reports EWN. The air passenger carrier unsuccessfully proposed a
5.7% salary increase. FlySafair pilots are demanding a 10.5% salary increase
for the 2025/2026 financial year, a 4.5% increase in the consumer price
inflation for 2026/2027 and 4% increase for 2027/2028. Disputes over changes
to the rostering system and the handling of off and leave days have also
contributed to tensions. The parties will meet with the Commission for
Conciliation, Mediation and Arbitration (CCMA) to finalise picketing rules,
after which Solidarity could issue a formal strike notice.

 

Train Fares Up from August After Decade

 

The Passenger Rail Agency of South Africa (PRASA) has announced fare
increases for the first time in 10 years, effective from the beginning of
August, reports EWN. Single tickets will rise by R2.50 and return tickets by
R5.50 to R6. PRASA says the increase is necessary to fund critical
operational needs, including energy and maintenance costs, as well as to
improve security at stations and on trains through staffing and technology
upgrades.  This comes as the rail agency has faced much public criticism
from political parties about a slew of corruption allegations.

 

Cold Front To Hit Western Cape

 

A cold front is expected to hit parts of the Western Cape, with the South
African Weather Service issuing a Level 2 warning for damaging waves,
reports EWN. Coastal areas from Saldanha Bay to Plettenberg Bay will be most
affected, with strong south-westerly winds and high waves posing a risk to
residents and small vessels. Forecaster Henning Grobler said that sea
conditions could make navigation difficult and increase the risk of
capsizing. The rough seas are expected to spread to Alexander Bay by Friday
afternoon and into the evening.

 

More South African news

 

 

 

Rwanda: Cabinet Approves Mineral Exploration Licenses

The Cabinet on July 16 approved applications for mineral, quarry and
exploration licenses, in line with continued efforts to boost mining in the
country, according to a statement from the Office of Prime Minister.

 

However, the statement did not provide details on the licenses.

 

According to the statement, the cabinet was briefed on the progress of
Rwanda's mining sector, which continues to play a strategic role in economic
transformation.

 

"The sector has experienced a significant growth in production, investment
and discovery of high-value minerals," the statement reads in part.

 

Currently, the mining sector is Rwanda's largest earner of export revenues.
In 2024, mineral export revenues reached $1.7 billion (approx. Rwf2.4
trillion), up by 54 per cent from $1.1 billion in 2023, according to
official data.

 

The government targets to generate $2.17 billion in annual mineral exports
by 2029, under the second National Strategy for Transformation (NST2).

 

During a session held on July 15, with the Parliament's Public Accounts
Committee (PAC) MPs observed the report of the Auditor General for the
2023/2024 financial year showed that the Rwanda Mines, Petroleum and Gas
Board (RMB) indicated 52 areas with mineral potential across the country.

 

However, the audit showed that exploration to obtain information that can be
based on for exploitation was only carried out on 18 of them -- representing
over 34 per cent of the targeted areas.

 

RMB officials responded that research goes through phases, indicating that
all the 52 targeted sites could not be covered at once, citing budget
requirements among the factors to consider saying that they expect to
complete the exploration exercise within three years.

 

In a related development, last week, Aterian Plc, a UK-based critical
minerals exploration company, announced that it had found high-grade lithium
deposits in Rwanda, following a drilling exercise in collaboration with Rio
Tinto -- a British-Australian mining corporation.

 

Read the original article on New Times.

 

 

 

Africa: Green Energy and Protecting Nature Get the Thumbs Up in Climate
Change Study in 68 Countries

Africa has begun experiencing frequent extreme weather events. Extreme
weather is defined as the kind of heatwaves, droughts, storms and floods
that have historically been rare occurrences for the place and time, and
which pose a danger to large numbers of people and the economy. Marina
Joubert researches how the public connects with science. She was part of a
multidisciplinary team who investigated how people in 68 countries
understand the connection of extreme weather with climate change.

 

Do people believe that extreme weather is caused by climate change?

 

We conducted this research because extreme weather events are becoming more
frequent and intense due to climate change. Yet we have minimal information
about how these events influence people's views on climate change and their
support for climate change policies.

 

We used data that measured how many people around the world have been
exposed to extreme weather events - like floods, heatwaves, storms,
droughts, wildfires - in recent decades. We combined this with the views of
almost 72,000 people in 68 countries who reported whether they had
experienced extreme weather, if they thought this was due to climate change,
and how much they supported five major climate policies.

 

Read more: Climate change reporting is not connecting with people and their
real issues -- what needs to be done about it

 

More than 7,000 people took part from 12 African countries (Botswana,
Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Egypt, Ethiopia,
Ghana, Kenya, Morocco, Nigeria, South Africa and Uganda).

 

Our findings show that many people believe that recent extreme weather
events are caused by climate change. However, this varies by event type and
region. We did not measure public acceptance of the scientific evidence or
general belief that human activities cause climate change. Instead, we
measured whether individuals believe a specific recent event they
experienced (like a heatwave or flood) was caused by climate change.

 

We call this belief "subjective attribution".

 

Read more: Can you trust climate information? How and why powerful players
are misleading the public

 

Our research found this was generally high, particularly in Latin America,
where people were most likely to report that climate change would harm them
and future generations. They agreed that climate change should be a top
priority for their governments.

 

Accepting a link between climate change and extreme weather events was lower
in the African countries we studied.

 

This suggests that even though Africa is very vulnerable to climate risks,
public awareness of climate change effects remains low. Many people in these
12 African countries do not fully accept the connection between climate
change and extreme weather events.

 

Were people who had experienced climate disasters more likely to support
climate policies?

 

This relationship is intricate. Surprisingly, just experiencing a flood or
drought isn't enough. It's the perception that climate change is responsible
for the event that truly drives action.

 

In other words, merely being exposed to extreme weather events does not
automatically lead to support for climate policies.

 

Read more: Five golden rules for effective science communication -
perspectives from a documentary maker

 

However, individuals who experienced extreme events and acknowledged that
these events were caused by climate change were more likely to support such
policies. For example: people exposed to wildfires were more supportive of
climate policies. In contrast, exposure to heavy rainfall was linked to
lower support, likely because people generally don't associate heavy rain
with climate change. In other words, attribution matters more than exposure.

 

Which climate policies did you study and which were most popular in Africa?

 

Climate policies are designed by governments to help mitigate or combat
climate change. A good example is reducing greenhouse gas emissions.

 

Our study set out to measure the support for five potential climate
mitigation policies. These were:

 

Increasing taxes on foods like beef or dairy that are carbon intensive (give
off a lot of greenhouse gases when they are produced).

Raising taxes on fossil fuels, like coal and gas, that damage the
environment when they are burnt.

Expanding infrastructure for public transportation, so that there are fewer
private cars on the road.

Increasing the use of sustainable energy, such as wind and solar power.

Protecting forests and natural land areas.

The most popular policies worldwide (African countries included) were
protecting forests and land. This had 82% global support. The second most
popular policy, with 75% global support, was increasing the use of renewable
energy.

 

Read more: Three key drivers of good messaging in a time of crisis:
expertise, empathy and timing

 

People were much less in favour of carbon taxes on food and fuel (22% and
29% support, respectively).

 

This is possibly because people see protected natural areas and green energy
as positive, future-oriented solutions. Carbon taxes may be viewed as
punitive, especially in regions with high poverty and inequality.

 

What needs to happen next?

 

Our findings highlight the importance of public engagement on climate
change. Especially in Africa, this will be a crucial step towards getting
the public to support stronger climate policies. African governments must
encourage public buy-in for their implementation and enactment.

 

If we want more public backing for solutions like clean energy, forest
protection, and sustainable transport, we must help people connect what they
feel with what science shows us. This is where climate communication is
important. Scientists, educators, journalists and civil society all have
roles in explaining the "why" behind the weather.

 

Active communication and engagement can help people realise that climate
change is already affecting their lives through floods, droughts, heatwaves,
and more.

 

Read more: Climate change can be beaten - why some scientists are hopeful

 

Simply providing factual knowledge is not enough, because people interpret
this information based on their previous views, values and experiences. It
is essential to take note of public opinion.

 

The benefits and advantages of climate policies, such as better air quality,
more affordable solar power, or improved public transport, must be
communicated in a clear and relatable way.

 

Read more: How to get communities in east Africa to trust climate science

 

Extreme weather events are "teachable moments": opportunities to explain
climate change to the public and to have deliberate societal conversations
around climate experiences and impacts.

 

Marina Joubert, Science Communication Researcher, Stellenbosch University

 

This article is republished from The Conversation Africa under a Creative
Commons license. Read the original article.

 

 

 

 

South Africa: E-Hailing Drivers Call for Industry Regulation 

More than 100 e-hailing drivers protested in northern Johannesburg, citing
unfair labor practices, blaming the industry for not being regulated enough,
reports EWN. Drivers complained that up to 50% of their earnings are taken
by service providers like Uber, leaving them with drastically reduced
incomes. One protester said she now earns less than R5,000 a month, while
another, Victor Mpongo, said that drivers bear all operational costs,
including fuel, insurance, and phone expenses. In a written statement, Uber
committed to ensuring that services continue. However, drivers said they
will continue to down tools until they meet to renegotiate working terms.

 

Mantashe to Act as Police Minister Until End of July

 

President Cyril Ramaphosa has appointed Gwede Mantashe as acting Minister of
Police, while still retaining his portfolio as Minister of Mineral and
Petroleum Resources, reports SABC News.  Mantashe will hold the position
until Professor Firoz Cachalia takes over on 1 August 2025. This reshuffle
follows the placement of Police Minister Senzo Mchunu on special leave after
allegations linked him to criminal elements within law enforcement. Despite
this, ANC Secretary-General Fikile Mbalula confirmed that Mchunu remains a
Member of Parliament and will continue performing his parliamentary duties.

 

Presidency Slams 'False Information' on Jonas's U.S. Visa Saga

 

The Presidency has criticized the Democratic Alliance (DA) for spreading
what it calls false information about special envoy Mcebisi Jonas, reports
EWN. This followed the DA's statement that Jonas was denied a U.S. visa and
lacked proper credentials for trade talks. Presidency spokesperson Vincent
Magwenya has cautioned South Africa against treating what he said was DA
"disinformation" on matters of international relations and diplomacy as
official government policy. He accused the DA of trying to sensationalize
the issue, especially amid tensions over U.S. trade tariffs recently
announced by the Trump administration.

 

More South African news

 

 

 

 

Sudan's War Is an Economic Disaster - Here's How Bad It Could Get

Since April 2023, Sudan has been engulfed in a devastating war between the
Sudanese Armed Forces and the Rapid Support Forces. What began as a struggle
for power has turned into a national catastrophe. More than 14 million
people have been displaced. Health and education systems have collapsed and
food insecurity threatens over half the population of about 50 million.

 

The war has disrupted key sectors, triggering severe economic contractions,
and worsening poverty and unemployment levels.

 

Sudan's finance minister reported in November 2023 that the war had resulted
in economic losses exceeding US$26 billion - or more than half the value of
the country's economy a year earlier. The industrial sector, which includes
manufacturing and oil refining, has lost over 50% of its value. Employment
has fallen by 4.6 million jobs over the period of the conflict. More than 7
million more people have been pushed into poverty. The agrifood system alone
has shrunk by 33.6%. These estimates exclude informal economy losses.

 

My research applies economy-wide models to understand how conflict affects
national development. In a recent study, my colleagues and I used this
approach to answer the question: what will happen to Sudan's economy and
poverty levels if the war continues through 2025?

 

To assess the economic impact of the conflict, we used a Social Accounting
Matrix multiplier model. This is a tool that captures how shocks affect
different sectors and other agents of the economy, such as firms, government
and households.

 

Based on our modelling, the answer is devastating: the conflict could shrink
the size of Sudan's economy by over 40% from 2022 levels, plunging millions
more into poverty.

 

We modelled two scenarios to capture the potential trajectories of Sudan's
economy.

 

The extreme scenario assumes a sharp initial collapse, with a 29.5%
contraction in the size of the economy in 2023 and 12.2% in 2024, followed
by a 7% decline in 2025, reflecting some stabilisation over time.

 

The moderate scenario, based on World Bank projections, applies a 20.1%
contraction in 2023 and a 15.1% drop in 2024, also followed by a 7%
reduction in 2025, indicating a slower but more prolonged deterioration.

 

We estimated the annual figures and report only the aggregate impacts
through 2025 for clarity.

 

We found that if the conflict endures, the value of Sudan's economy will
contract by up to 42% from US$56.3 billion in 2022 (pre-conflict) to US$32.4
billion by the end of 2025. The backbone of livelihoods - agriculture - will
be crippled. And the social fabric of the country will continue to fray.

 

How we did it

 

Our Social Accounting Matrix multiplier model used data from various
national and international sources to show the impact of conflict on the
value of the economy, its sectors and household welfare.

 

We connected this to government and World Bank data to reflect Sudan's
current conditions.

 

This allowed us to simulate how conflict-driven disruptions affect the value
of the economy, its sectors and household welfare.

 

What we found

 

Under the extreme scenario, we found:

 

Gross domestic product collapse: Gross domestic product (GDP) measures the
total value of all goods and services produced in a country within a year.
It's a key indicator of economic health. We found that the value of Sudan's
economy could contract by up to 42%. This means the country would be
producing less than 60% of what it did before the conflict. This would
affect incomes, jobs, government revenues and public services. The
industrial sector - heavily concentrated in Khartoum - would be hardest hit,
with output shrinking by over 50%. The value of services like education,
health, transport and trade would fall by 40%, and agriculture by more than
35%.

Job losses: nearly 4.6 million jobs - about half of all employment - could
disappear. Urban areas and non-farm sectors would be worst affected, with
over 700,000 farming jobs at risk.

Incomes plummet: household incomes would decline across all groups - rich
and poor, rural and urban - by up to 42%. Rural and less-educated households
suffer the most.

Poverty spikes: up to 7.5 million more people could fall into poverty,
adding to the 61.1% poverty level in 2022. In rural areas, the poverty rate
could jump by 32.5 percentage points from the already high rural poverty
rate pre-conflict (67.6% of the rural population). Women, especially in
rural communities, are hit particularly hard. Urban poverty, which was at
48.8% pre-conflict, increases by 11.6 percentage points.

The agrifood system - which includes farming, food processing, trade and
food services - would lose a third of its value under the extreme scenario.

Why these findings matter

 

Sudan was already in a fragile state before the war. It was reeling from
decades of underinvestment, international sanctions and institutional
breakdown.

 

The war has reversed hard-won gains in poverty reduction. It is also
dismantling key productive sectors - from agriculture to manufacturing -
which will be essential for recovery once the conflict ends. Every month of
continued fighting adds to the damage and raises the cost of rebuilding.

 

Our projections already show major economic collapse, yet they don't include
the full extent of the damage. This includes losses in the informal economy
or the strain on household coping strategies. The real situation could be
even worse than what the data suggests.

 

What needs to be done

 

First and foremost, peace is essential. Without an end to the fighting,
recovery will be impossible.

 

Second, even as conflict continues, urgent action is needed to stabilise
livelihoods. This means:

 

supporting agriculture in areas that remain relatively safe. Food production
must be sustained to prevent famine.

restoring critical services where possible - particularly transport, trade
and retail - to keep local economies functioning

protecting the most vulnerable, such as women in rural areas and the
elderly, through expanded social protection and targeted cash assistance.

Third, prepare for recovery. The international community - donors,
development banks and NGOs - must begin laying the groundwork for
post-conflict reconstruction now. This includes investment in public
infrastructure, rebuilding institutions and re-integrating displaced
populations.

 

The bottom line

 

Sudan's war is more than a political crisis. It is an economic catastrophe
unfolding in real time. One that is deepening poverty, destroying
livelihoods and erasing years of progress.

 

Our research provides hard numbers to describe what Sudanese families are
already experiencing every day.

 

The country's economy is bleeding. Without a shift in the trajectory of the
conflict, recovery could take decades - if it happens at all.

 

Khalid Siddig, Senior Research Fellow and Program Leader for the Sudan
Strategy Support Program, International Food Policy Research Institute
(IFPRI)

 

This article is republished from The Conversation Africa under a Creative
Commons license. Read the original article.

 

 

 

 

Liberia: Boakai Aides Push to Overturn Massaquoi's Nomination As Lta Chair
Despite Official Letter to Senate

Monrovia — FrontPage Africa has learned that top aides to President Joseph
Nyuma Boakai are making frantic efforts to reverse the appointment of
Clarence Massaquoi as the new Chairman of the Liberia Telecommunications
Authority (LTA), despite the President's formal communication to the Senate
nominating him for the position.

 

Mr. Massaquoi was earlier appointed as Acting Chairperson of the LTA
following the suspension of Abdullah Kamara in June 2025, amid allegations
of corruption stemming from a damaging audit report.

 

FrontPage Africa has obtained a letter dated July 16, 2025, in which
President Boakai formally informed Senate Pro Tempore Nyonblee
Karnga-Lawrence of his nomination of Massaquoi and another official to serve
on the LTA Board.

 

Excerpt from the letter:

 

Madam President Pro Tempore,

 

I am pleased to submit herewith the following nominations, pending Senate
confirmation where applicable, for appointment in government:

 

Mr. Clarence Massaquoi - Chairman, Liberia Telecommunications Authority
(LTA)

 

Mr. Emmanuel Paegar - Commissioner, Liberia Telecommunications Authority
(LTA)

 

I would greatly appreciate if these were given expedited confirmation by the
Senate so as to ensure a smooth transition in government.

 

Sincerely,

 

Joseph Nyuma Boakai, Sr.

 

Despite the President's formal communication, FrontPage Africa has reliably
learned that some of his top aides, including Mamaka Bility, Minister of
State Without Portfolio, are currently at his residence, pressuring him to
rescind Massaquoi's nomination and reappoint Abdullah Kamara.

 

Their push reportedly follows a recent court decision that cleared Kamara of
the corruption charges that led to his suspension by former President George
Weah.

 

These developments indicate internal disagreements within the President's
circle over the leadership of the LTA, one of Liberia's most strategic
regulatory agencies.

 

Read the original article on FrontPageAfrica.

 

 

 

 

Uganda: 2,000 Electric Boda Boda Motorcycles Rolled Out to Boost Income and
Cut Emissions

In a significant move to promote environmental sustainability and empower
low-income earners, the United Boda Boda Riders Union has begun distributing
2,000 electric motorcycles to riders across Uganda.

 

The launch event at Namanve Industrial Area has drawn large crowds, as
riders hope to benefit from the scheme. To qualify, participants are
required to pay a Shs 100,000 deposit and make weekly payments of Shs 66,000
for two years.

 

The motorcycles are targeted at economically disadvantaged riders seeking
more affordable and eco-friendly transport options.

 

Fred Senoga, Managing Director of the United Boda Boda Riders Union (UNION),
said the initiative is designed to reach one million low-income riders
across the country.

 

To support the rollout, the organisation plans to install over 700 charging
stations along major roads, addressing concerns about charging
infrastructure for electric vehicles.

 

To access the motorcycles and related services, all participants are
required to register through the UNION mobile app, which helps ensure proper
service delivery and vehicle monitoring.

 

Frank Mawejje, the Chairman of Boda Boda UNION, emphasised that the adoption
of electric mobility is both a practical and environmental necessity.

 

He noted that the Kampala Metropolitan Area must embrace cleaner
alternatives to combat pollution and reduce reliance on fossil fuels.

 

Boda Boda riders led by Deo Mutebi from Mukono district welcomed the program
as a solution to the high financial barriers they have faced in the past.

 

Previously, private lenders demanded land titles and property documents as
collateral and charged high interest rates, making ownership inaccessible
for many.

 

Mawejje further assured riders that the electric motorcycles come fitted
with GPS tracking systems, enhancing security by allowing stolen bikes to be
easily located. This feature is expected to help reduce crimes such as
motorcycle theft and violence against riders.

 

The UNION initiative represents a key turning point for Uganda's
transportation sector, offering a pathway to more sustainable, inclusive,
and technologically advanced urban mobility.

 

Read the original article on Nile Post.

 

 

 

 

Nigeria: Dangote Asks Wealthy Nigerians to Invest in the Country for Growth,
Devt

The President and Chief Executive of Dangote Industries Limited, Aliko
Dangote, has asked wealthy Nigerians to invest in the country, saying it
remained the only way to build the nation.

 

According to him, real growth and development cannot happen in a nation
without significant investments.

 

He criticised the tendency of African wealth being exported and stashed
abroad, calling on the continent's entrepreneurs and affluent individuals to
invest at home.

 

"It is only through such commitment that we can drive true development," he
added.

 

In a chat with select media men, Dangote said: "No nation develops without
significant investments. I appeal to all wealthy Nigerians to look inward
and invest here in Nigeria for the future of our unborn kids.

 

"There is hardly any country without corruption, but the difference between
there and here is that, in those other corrupt nations, they invest the
stolen funds in their countries and grow their economy, rather than keeping
it in foreign banks that will not in any way impact positively on the
economy."

 

According to him, what Africa truly needs are bold, transformative projects
capable of addressing its long-standing socio-economic challenges,
particularly the creation of jobs for its growing population.

 

Speaking of his decision to defy the odds in building the $20bn refinery,
Dangote said he was determined to see Nigeria become self-sufficient in
refined petroleum products and to serve as a catalyst for other African
nations, despite numerous challenges and opposition.

 

 

He explained that he undertook the ambitious project to secure energy
independence for Nigeria and the wider African continent, stressing that,
except for Libya and Algeria, most African countries still relied heavily on
imported refined petroleum products, despite the continent's abundant crude
oil reserves.

 

"Apart from Algeria and Libya, which are self-sufficient, virtually every
other African country is an importer," Dangote said, underscoring the urgent
need for operational refineries on the continent.

 

He also lamented that Africa had become a dumping ground for substandard
petroleum products due to this over-reliance on imports.

 

Africa holds around 125 billion barrels in proven oil reserves, with
significant contributions from Nigeria, Algeria, Angola, Egypt, and Libya,
all of which rank among the world's top 30 oil-producing nations.

 

Dangote revealed that many had doubted the capacity of the Dangote Group to
deliver such a massive project, saying some even advised him to abandon it,
citing the failures of several sovereign nations to complete similar
undertakings.

 

"People think building a refinery is like building a house but, as I always
say, if I had known the scale of challenges we would face, I wouldn't have
started at all.

 

"We were fortunate as a group because we didn't fully grasp what we were
getting into, but we believed that nothing is impossible.

 

"As the project progressed, the group faced a critical juncture: to halt and
suffer the losses, or to forge ahead and succeed. We had to keep pushing to
ensure delivery," Dangote said.

 

He expressed hope that the refinery would inspire other African countries to
enhance their refining capacities and invest in value-added industries,
rather than continuing to export raw materials.

 

Dangote further argued that true independence was beyond politics, as it
also required economic self-reliance and financial freedom for African
citizens.

 

He warned that continued import dependency would keep African nations
trapped in poverty.

 

Read the original article on Vanguard.

 

 

 

 

Tunisia: UK's Hamish Falconer Reaffirms Strong Bilateral Relations During
Official Visit to Tunisia

(TAP/ Ahmed Gaddeh)- UK Minister for the Middle East and North Africa,
Afghanistan, and Pakistan Hamish Falconer, on Wednesday, expressed the UK's
firm commitment to scaling up cooperation with Tunisia during his official
visit to Tunisia, where he co-chaired the third UK-Tunisia Association
Council alongside Secretary of State for Foreign Affairs Mohamed Ben Ayed.

 

"This is a chance for our two governments to discuss areas of priority,
including trade, renewable energy, security cooperation, education,
migration, and human rights," Falconer told TAP during an exclusive
interview.

 

He also held talks with Minister of Foreign Affairs, Migration and Tunisians
Abroad Mohamed Ali Nafti, during which he stated that they had reaffirmed
the importance of the relationship between the two countries and their
shared commitment to regional stability.

 

Falconer said that this is his second visit to the country, following a
first deployment in 2015 after the Sousse terrorist attack.

 

"I was deployed as an official working for the UK Government in 2015 as part
of a Rapid Deployment Team supporting families after the tragic Sousse
terror attack," he recalled, adding: "Ten years on, I am delighted to see
such impressive progress by the Tunisian Government on countering
terrorism."

 

The British Minister commended the robust security cooperation between the
two countries over the past decade.

 

"The UK is proud of its longstanding counter-terrorism cooperation with
Tunisia," he affirmed, noting that joint efforts to enhance security at
airports, tourist resorts and cultural sites have helped Tunisia emerge as a
safer destination. This progress, he said, is directly contributing to
Tunisia's growing tourism sector.

 

"Tunisia's hard work is enabling the increase of tourist numbers year on
year and direct flights from the UK to Tunisia are growing too," he
underlined, specifying that UK visitors to Tunisia had surged by 68% last
year, with forecasts predicting arrivals could reach 400,000 in 2025.

 

On the economic front, Falconer pointed out that boosting bilateral trade
remains a top priority for both governments.

 

"Enhancing bilateral trade and boosting mutual economic growth continues to
be at the top of our shared priorities," he said, mentioning tthe inaugural
Trade and Investment Subcommittee held last week as proof of this
commitment.

 

He underlined the tangible progress on reviewing agriculture tariffs between
the two countries, as discussions "focused on a limited number of priority
products for both sides, including Olive Oil from the Tunisian side and
Cheeses from the British side, recognising the importance of these to our
respective producers."

 

UK officials, he confirmed, are working closely with their Tunisian
counterparts to reach "a swift and mutually beneficial conclusion."

 

Since the entry into force of the UK-Tunisia Association Agreement in 2021,
bilateral trade has reached £753 million, underscoring the strength of
economic ties.

 

Minister Falconer's visit, marked by high-level meetings and strategic
discussions, reaffirmed both countries' determination to strengthen
cooperation across key sectors, from security to trade, in a shared pursuit
of prosperity and regional stability.

 

Discussions during the UK-Tunisia Association Council addressed expanding
cooperation in renewable energy and digital technologies, with both sides
welcoming advances in sectors such as clean energy, startups, and food
industries, according to a press release issued by the Ministry of Foreign
Affairs, Migration and Tunisians Abroad on Tuesday evening.

 

Falconer hailed the historic relations between the UK and Tunisia,
describing the country as "a trusted and valued partner" and a pillar of
stability in a challenging region, the same source reads.

 

Edited by Ben D'haou Nejiba

 

Read the original article on Tunis Afrique Presse.

 

 

 

Nigeria's Inflation Eases Again to 22.22

Nation Bureau of Statistics (NBS) has announced that Nigeria's headline
inflation rate reduced to 22.22 percent in June 2025.

 

The latest figure is lower when compared to 22.97% for May 2025 headline
inflation rate.

 

Food inflation rate in June 2025 also dropped to 21.97% on a year-on-year
basis, representing 18.90% points lower compared to the rate recorded in
June 2024 at 40.87%.

 

"The significant decline in the annual food inflation figure is technically
due to the change in the base year," the bureau stated in the data released
on Wednesday.

 

On a month-on-month basis, the Food inflation rate in June 2025 was 3.25%,
up by 1.07% compared to May 2025 (2.19%).

 

The NBS attributed the increase to rise in the average prices of Green Peas
(dried), pepper (fresh), shrimps (white dried), crayfish, meat, among
others.

 

The average annual rate of food inflation for the twelve months ending June
2025 over the previous 12-month average was 28.28%, which was 7.06% points
lower compared with the average annual rate of change recorded in June 2024
at 35.35%.

 

Nigeria's annual inflation rate eased for the second month to 22.97% in May
2025, from 23.71% in the prior month.

 

Looking at the movement, the June 2025 headline inflation rate showed a
decrease of 0.76% compared to the May 2025.

 

On a year-on-year basis, the inflation rate was 11.97% lower than the rate
recorded in June 2024 (34.19%).

 

This shows that the headline inflation rate (year-on-year basis) decreased
in June 2025 compared to the same month in June 2024, although with a
different base year, November 2009 = 100.

 

On a month-on-month basis, the headline inflation rate in June 2025 was
1.68%, which was 0.15% higher than the rate recorded in May 2025 (1.53%).

 

This means that in June 2025, the rate of increase in the average price
level was higher than the rate of increase in the average price level in May
2025.

 

The percentage change in the average CPI for the twelve months ending June
2025 over the average for the previous twelve-month period was 26.58%,
showing a 3.42% decrease compared to 30.00% recorded in June 2024.

 

On a year-on-year basis, in June 2025, the urban inflation rate was 22.72%,
13.83% points lower compared to the 36.55% recorded in June 2024.

 

On a month-on-month basis, the Urban inflation rate was 2.11% in June 2025,
up by 0.71% compared to May 2025 (1.40 %).

 

The corresponding 12-month average for the urban inflation rate was 28.16%
in June 2025.

 

That was 3.92% points lower compared to the 32.08% reported in June 2024.

 

The rural inflation rate in June 2025 was 20.85% on a year-on-year basis.
This was 11.24% points lower compared to the 32.09% recorded in June 2024.

 

On a month-on-month basis, the rural inflation rate in June 2025 was 0.63%,
down by 1.2% compared to May 2025 (1.83%).

 

The corresponding 12-month average for the rural inflation rate in June 2025
was 24.65%, translating to 3.5% points lower compared to the 28.15% recorded
in June 2024.

 

Read the original article on Leadership.

 

 

 

 

Tanzania, UK Agree to Deepen Ties in Health, Investment, Tourism Sectors

Dar es Salaam — TANZANIA and the United Kingdom are assessing the current
state of bilateral relations in a move to explore new areas of cooperation,
particularly in trade and investment.

 

The Deputy Permanent Secretary of the Ministry of Foreign Affairs and East
African Cooperation, Ambassador Said Shaib Mussa, held discussions with the
Head of the East Africa Department, Lisa Mackie, at the United Kingdom's
Foreign, Commonwealth and Development Office (FCDO) on Tuesday.

 

The talks took place at the Ministry's offices in Dar es Salaam, where
Ambassador Mussa expressed appreciation to the UK Government for its
continued support in strengthening key sectors in Tanzania, including
health, education, tourism, climate change mitigation, and the promotion of
clean energy in development initiatives.

 

Ambassador Mussa emphasized Tanzania's commitment to advancing diplomatic
and economic relations with the United Kingdom across all areas of mutual
interest, grounded in shared values, mutual respect, and cooperation that
benefits citizens of both countries.

 

"I take this opportunity to invite British businesses and investors to visit
Tanzania and explore the wide range of trade and investment opportunities
available. The Government of Tanzania will continue improving the business
and investment climate to attract more investors from the UK for mutual
benefit," said Ambassador Mussa.

 

On her part, Lisa Mackie commended Tanzania for its efforts in maintaining
peace and security across Africa, particularly through its participation in
peacekeeping missions and diplomatic initiatives aimed at resolving regional
conflicts. She noted that Tanzania's contributions have played a vital role
in promoting stability and unity on the continent.

 

The discussions form part of ongoing efforts to enhance the long-standing
relationship between Tanzania and the United Kingdom, with a focus on
fostering economic, social, and political development for the benefit of
citizens in both nations.

 

Read the original article on Daily News.

 

 

 

 

Tanzania Opts to Digitalize Its Agricultural System

Dodoma — THE Minister of Agriculture, Hussein Bashe, has officially launched
a digital agricultural extension system known as e-Kilimo (Digital
Extension) aimed at enhancing services for farmers and ensuring
accountability among agricultural extension officers across the country.

 

The system was inaugurated today, July 16, 2025, at the Mtanana Crop
Innovation Center in Kongwa District. Minister Bashe explained that the
system will enable farmers to view the number of extension officers
available in their area, their locations, and how to easily contact them.

 

Furthermore, Minister Bashe stated that every extension officer will be
required to fill out a service performance form, which will be used to
assess their work effectiveness at the end of each year. This measure will
help identify officers who fulfill their duties properly and take
disciplinary action against those who fail to meet their responsibilities.

 

Minister Bashe also highlighted that the system aims to foster a culture of
accountability among extension officers and improve the security of
agricultural input distribution. The Ministry of Agriculture plans to start
registering input sellers to ensure that if a farmer is sold counterfeit
inputs, it will be easier to trace the network involved and take appropriate
actions in the national interest.

 

The e-Kilimo system is expected to significantly improve services to farmers
by increasing transparency and accountability in the delivery of
agricultural extension services nationwide.

 

Read the original article on Daily News.

 

 

 

Africa Has Become Dumping Ground for Substandard Petroleum Products -
Dangote

Africa's heavy dependence on fuel imports has turned the continent into a
dumping ground for substandard petroleum products, Aliko Dangote, has said.

 

The president of Dangote Industries Limited and Africa's richest man made
the remarks during an interview with journalists, where he highlighted the
motivation behind building the $19 billion Dangote Refinery.

 

He called for urgent investment in Africa's energy infrastructure.

 

According to Dangote, the refinery project was born out of a desire to
ensure Nigeria's self-sufficiency in refined petroleum products and
encourage similar initiatives across the continent.

 

He said the current state of affairs is unacceptable, considering Africa's
vast crude oil reserves.

 

"Apart from Algeria and Libya, which are self-sufficient, virtually every
other African country is an importer," adding that "Africa has no business
importing fuel. We have oil, but we have failed to refine it."

 

He lamented that the lack of refining capacity has created space for the
inflow of poor-quality products that undermine health and environmental
standards.

 

Dangote acknowledged the daunting challenges faced during the construction
of the refinery, noting that many doubted the group's capacity to execute a
project of such scale.

 

"If I had known the scale of challenges we would face, I wouldn't have
started at all," he said. "But we believed nothing is impossible."

 

He stressed that the success of the refinery should serve as a rallying
point for African governments and investors to embrace large-scale,
transformative projects that tackle pressing socio-economic problems.

 

Dangote also called on wealthy Nigerians to invest in the country, warning
that real development cannot occur without strong local investments.

 

"No nation develops without significant investments. I appeal to all wealthy
Nigerians to look inward and invest here, in Nigeria, for the future of our
unborn kids", he stated.

 

The billionaire industrialist criticised the trend of exporting capital
abroad, arguing that such practices drain local economies.

 

"There is hardly any country without corruption, he noted, emphasizing that
the difference is that, in those countries, stolen or earned wealth is often
reinvested at home to grow the economy."

 

He said Africa must now focus on self-reliance, value addition, and
sustainable development to meet the needs of its rapidly growing population.

 

Read the original article on Daily Trust.

 

 

 

 

 

 

 

 


 


 


 Invest Wisely!

Bulls n Bears 

 

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

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

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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.

 


 

 


 (c) 2025 Web:  <http://www.bullszimbabwe.com> www.bullszimbabwe.com Email:
<mailto:bulls at bullszimbabwe.com> bulls at bullszimbabwe.com Tel: +27 79 993
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