Major International Business Headlines Brief ::: 17 June 2025

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Major International Business Headlines Brief :::  17 June  2025 

 


                                                                                  

 


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ü  Rwanda: How Rabbits Changed Fortunes of Rwanda's Top Breeder

ü  Nigeria: Fresh Fears Over N54.99trn Budget As Opec Puts Nigeria's Oil Output At 1.544m Bpd - - Opec

ü  Liberia: Monrovia Faces Power Outage Amid Repair Works in Côte d'Ivoire

ü  Nigeria: EFCC Arraigns 'Ponzi Scheme Director' for Allegedly Defrauding Over 3,000 Investors

ü  Africa: Ocean Protection Is a Multi-Billion Dollar Opportunity

ü  South Africa: Mashatile Tells Youth to Stop Waiting for Jobs

ü  Ghana Accelerates Efforts to Boost Intra-African Trade

ü  Liberia: Major Trade, Investment Confab Begins Today

ü  Nigeria: Pension Funds Investment in FG Securities Rise 18.7 Percent to N14.4trn

ü  Liberia: Sanniquellie Airstrip Revival Begins

ü  Trump signs order confirming parts of UK-US tariff deal

ü  Starmer to announce new sanctions targeting Russia

ü  British Steel secures £500m contract to supply UK train tracks

ü  Social media now main source of news in US, research suggests

ü  MyPillow boss Mike Lindell loses $2.3m defamation case

 


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Rwanda: How Rabbits Changed Fortunes of Rwanda's Top Breeder

In the moderately hilly area of Nyamirambo, Nyarugenge District in Kigali, thousands of rabbits, ranging from newborn kits to full-grown bucks can be seen comfortably moving in hutches made of rust-resistant wire cages.

 

It's around 11 a.m. at Kigali Rabbit Farm, where the hutches are equipped with plastic mats, birthing nests, automated feeders, and a piped watering system connected to overhead tanks. Urine is efficiently channelled through pipes into tanks to maintain hygiene.

 

All of this is the result of Dieudonné Musoni's vision. His farm, which specialises in breeding meat rabbits--including through artificial insemination--hosts between 3,000 and 7,000 rabbits each month.

 

ALSO READ: The untapped potential of rabbit farming in Rwanda

 

Musoni, who also chairs the Rwanda Rabbit Farmers' Association, is the official African distributor for Hycole, a French company known for high-performance meat rabbit breeds.

 

 

A single rabbit of this breed, used as parent stock, costs Rwf40,000, and his farm sells between 1,000 and 2,000 such rabbits monthly.

 

"This breed reaches 2.5kg in just 73 days, and a doe can produce up to 18 kits every 42 days--far more than the local breeds," Musoni said.

 

While the imported breed is more expensive, he said it is also more profitable. Hycole rabbits can reach up to 10kg in weight, more than double the 4.5kg typical of local varieties.

 

>From financial consultant to agripreneur

 

Before venturing into agribusiness in 2018, Musoni worked at a financial consultancy firm, earning Rwf150,000 per month. With degrees in finance and disaster management, he explored several agricultural options--from crops to chickens, pigs, and cows--before settling on rabbits due to their lower startup costs.

 

ALSO READ: Rabbits change the fortunes of many

 

He began with 30 local rabbits, investing around Rwf2 million, 70 per cent of which went into building housing for the animals. But he soon realised the local breed offered limited returns and pivoted to Hycole rabbits after receiving training in France.

 

 

"You can invest Rwf10 million in rabbit farming and make a monthly profit of Rwf2 to 3 million--if it's well managed," Musoni said.

 

He credits his farm's success to vision, discipline, infrastructure, and professional practices, including the use of artificial insemination.

 

With artificial insemination, up to 500 rabbits can be inseminated in just two hours, compared to the traditional method that takes months and has a lower success rate.

 

Growing market, untapped potential

 

Despite his farm's scale, Musoni said he is still unable to meet growing demand for rabbit meat, especially from hotels and restaurants.

 

"We had deals with three hotels to supply 100 rabbits a day, but we couldn't sustain that volume," he said, noting the need to supply more farmers with quality breeds to increase national meat production.

 

 

He sees opportunity both locally and abroad. China, for instance, imports up to 900,000 tonnes of rabbit meat annually, and prices in Europe can reach €40 (about Rwf65,000) per kilogram.

 

"Rabbit meat is white, protein-rich, low in fat--and the demand is growing. We need more investment in this sector," he urged.

 

Local impact and expansion

 

Musoni's farm employs 30 people, including nine permanent staff, in roles ranging from fodder handling to veterinary services.

 

One of them is veterinarian Shaddad Rutikanga, who described his work as both professionally enriching and financially empowering.

 

"I work under contract, can apply for loans, and I'm gaining deep experience in a field I'm passionate about," Rutikanga said.

 

Leonidas Nsengiyumva, a farmer from Kirehe District, purchased 10 Hycole rabbits from Musoni's farm for Rwf400,000. Within a month, their weight grew from 2.5kg to four kilos. Encouraged by the results, he has ordered 20 more.

 

"They are more expensive than local breeds, but the productivity--number of kits, growth rate--is worth it," he said.

 

Scaling up

 

Currently focused on breed distribution, Musoni's farm produces between 1,500 and 3,000 kits monthly. His goal is to scale up to between 15,000 and 30,000 kits per month.

 

"From January 2026, we plan to also produce five to 10 tonnes of rabbit meat monthly," he revealed. "Only with more commercial farmers can we export meat to markets like China and Europe."

 

Rwanda's largest rabbit breeding operation

 

According to the Ministry of Agriculture and Animal Resources, Rwanda had more than 660,000 rabbits in 2023-2024.

 

Musoni's farm is the only large-scale breeding operation in the country, according to Solange Uwituze, Deputy Director General in charge of Animal Resources Development at Rwanda Agriculture and Animal Resources Development Board.

 

"Musoni's rabbit breeding farm has an implication in increasing the population of rabbits in Rwanda," she said of the implication of his farm.

 

She observed that rabbit farming has great potential due to high reproduction rates, fast growth, and the ability to thrive on diverse feed sources, indicating that, in Rwanda, it has significant potential as a sustainable and profitable venture.

 

In terms of food security, she said rabbit meat is a high-quality, low-fat source of protein, which can be crucial in addressing malnutrition and food insecurity in areas with limited access to animal protein.

 

The government, she said, is committed to improving rabbit breeding, nutrition, disease management, and biosecurity.

 

Read the original article on New Times.

 

 

 

 

Nigeria: Fresh Fears Over N54.99trn Budget As Opec Puts Nigeria's Oil Output At 1.544m Bpd - - Opec

THE Organisation of Petroleum Exporting Countries, OPEC, yesterday, put Nigeria's crude oil output, excluding condensate, at 1.544 million barrels per day, bpd in May 2025.

 

This showed a marginal increase of 1.44 per cent from 1.522 million bpd recorded in April 2025.

 

In its June 2025 Monthly Oil Market Report, MOMR, released, yesterday, OPEC said this was based on data based on secondary sources.

 

Also, many crudes prices, including Nigeria's Bonny Light, yesterday, hovered at $73 per barrel, indicating $2 per barrel below the nation's $75 per barrel budget 2025 reference price.

 

The nation's N54.99 trillion 2025 budget is based on $75 per barrel, 2.06 million bpd output and exchange rate N1, 500/$.

 

In his recent statement, Gbenga Komolafe, the commission's chief executive officer (CEO), Nigerian Upstream Petroleum Regulatory Commission, said efforts were ongoing to increase Nigeria's output.

 

He said: "As the regulator of Nigeria's upstream petroleum industry, the NUPRC remains committed to providing a transparent, predictable, and investment-friendly environment that encourages the development of new crude streams and ensures optimal value for the Nigerians."

 

Read the original article on Vanguard.

 

 

 

 

 

Liberia: Monrovia Faces Power Outage Amid Repair Works in Côte d'Ivoire

The Liberia Electricity Corporation has announced that the Ivorian Electricity firm 'Compagnie Ivoirienne d'Électricité' (CIE) is currently carrying out commissioning works at the DUEKOUÉ substation in Côte d'Ivoire.

 

According to the information posted on social media, the commissioning activity is part of ongoing efforts to improve the reliability of the Côte d'Ivoire, Liberia, Sierra Leone, Guinea, commonly known as CLSG (a high voltage line from Côte d'Ivoire with substation in Nimba, running through to Sierra Leone) transmission network.

 

According to the release, as part of the commissioning process, a scheduled outage on the Buyo-Man transmission line, an essential component of the CLSG network, will temporarily reduce power flow into the CLSG network.

 

 

"As a result, from June 16 to 18, 2025, around 7am to 5pm some parts of Monrovia and surrounding communities may experience intermittent electricity disruptions throughout the commissioning period, daily," the release said.

 

Accordingly, LEC's technical team is actively working to minimize the impact of these disruptions by optimizing output from our available generation sources.

 

"We sincerely apologize for any inconvenience this may cause and appreciate the public's continued patience and understanding during this critical period of infrastructure improvement," the release said.

 

However, the LEC has vowed to keep the public updated on the progress of the situation as it progresses.

 

In similar development, there are complaints for continued power outages across most of the communities under the Jungle Energy Power, Nimba grid, something many considered as complacency, where over 100 houses are connected to a single phase.

 

Read the original article on Liberian Observer.

 

 

 

 

 

Nigeria: EFCC Arraigns 'Ponzi Scheme Director' for Allegedly Defrauding Over 3,000 Investors

The Economic and Financial Crimes Commission (EFCC) has arraigned Precious Williams, Director of Glossolalia Nigeria Ltd and Pelegend Nigeria Ltd, for allegedly defrauding over 3,000 investors to the tune of N13.8 billion.

 

Williams appeared before S.I. Mark, judge of a federal high court in Port Harcourt, on a 14-count charge bordering on conspiracy, obtaining money under false pretence, and money laundering.

 

Williams, who was arrested following multiple petitions from victims, was said to have received N10 billion through her company's Sterling Bank account between August 2019 and February 2020.

 

 

According to the anti-graft agency, she received the money from Maxwell Chizi Odum (still at large) and his company, MBA Trading and Capital Investment Ltd, knowing the funds were proceeds of fraud.

 

The EFCC said the money was collected from unsuspecting investors under the false promise of 10 per cent to 15 per cent monthly returns.

 

The agency also accused Williams and Pelegend Nigeria Ltd of receiving over N1 billion through a Polaris Bank account between December 2019 and November 2020.

 

However, the accused pleaded not guilty to all charges.

 

Prosecution counsel E.K Bakam requested a trial date and asked that the defendant be remanded in custody. Still, the defendant's counsel, Tochukwu Maduka, appealed to the court to grant Williams bail to allow adequate preparation for trial.

 

Opposing the bail application, Bakam argued that it was filed prematurely before the amended charge and arraignment.

 

The court agreed, ruling that a new bail application must be filed.

 

Consequently, Justice Mark ordered that Williams be remanded at the Port Harcourt Correctional Centre and adjourned the case to June 17, 2025, for the hearing of the bail application.

 

Vanguard News

 

Read the original article on Vanguard.

 

 

 

 

Africa: Ocean Protection Is a Multi-Billion Dollar Opportunity

Bogota, Colombia — The services the ocean provides are the backbone of our collective health, wealth and food security, yet today just 2.7% of the ocean has been assessed and deemed to be effectively protected. In failing to establish adequate safeguards, not only are we condemning communities and ecosystems across the world to decline and collapse, we are also overlooking a significant economic opportunity.

 

By investing in protecting just 30% of the ocean globally, we stand to unlock around $85 billion per year in annual returns and avoided costs by 2050. That's the return from three key benefits alone - preserving natural coastal defences to prevent escalating property damages; avoiding the costs of carbon emissions from seagrass loss; and reducing profit losses from declining, overexploited fisheries. These are conservative estimates - additional benefits from spillover effects on tourism, fishery yields, and job creation could raise returns even further.

 

 

Iván Duque Márquez

 

Currently $15.8 billion is needed annually to meet the global target to protect 30% of the ocean by 2030. Just $1.2 billion currently flows to marine protection annually. That's a finance gap of $14.6 billion - a miniscule fraction of what the global community funnels into defence spending every year. Why are we repeatedly missing the mark on this critical goal when it represents such an opportunity?

 

This is a question of global equity and responsibility. Fewer than one-third of coastal countries have established quantified, timebound targets aligned with 30x30. Without stronger leadership from these countries, global efforts risk stalling further.

 

 

Wealthy nations can and must deliver on the pledges made in their revised National Biodiversity Strategies and Action Plans (NBSAPs) and continue to embed targets in national plans, regional action plans, and national biodiversity financing plans. Given the financial returns and ecological imperative, this should be an easy decision.

 

Luckily, there is no shortage of examples to learn from. There are already nations demonstrating the level of ambition needed to reach the 30x30 target, using innovative policy and finance models to secure the protection of their marine ecosystems - and empower the communities that rely on them.

 

In my home country of Colombia, a commitment to protect 34% of the country's ocean areas by 2030 has already been exceeded, with 37.6% of marine areas currently under protection. This achievement reflects a whole-of-government approach, incorporating mechanisms to secure legal land ownership and ensure inclusive decision-making.

 

 

Meanwhile our neighbor Ecuador's debt for nature swaps are generating proceeds for the protection of critically important Marine Protected Areas (MPAs) - including a newly-created trans-national MPA corridor - for a number of years to come.

 

To succeed in reaching the 30x30 goal, and unlocking the financial returns associated with this milestone, we will need to look beyond national borders and focus attention on the high seas - just 1.5% of which is currently protected.

 

The impending ratification of the High Seas Treaty - focused on the conservation and sustainable use of marine biodiversity in areas beyond national jurisdiction - is expected to catalyse action in this area, with countries already developing proposals for the first wave of high seas MPAs. This represents a generational opportunity for cooperation on global commons.

 

Chile is demonstrating strong leadership in this area, proposing the creation of a high seas MPA covering the international waters portion of the Salas y Gómez and Nazca ridges - a 3,000km long biodiversity hotspot and vital migratory corridor for whales, sharks, and turtles.

 

Chile's plans connect existing national MPAs with proposed protections in international waters, aiming to create a continuous network of conservation areas to maintain ecological connectivity for migratory species. This is exactly the kind of multilateral coordination we need to scale.

 

We are at a critical juncture for ocean protection. If we act now, we can deliver long-term health, food security and economic stability for coastal communities across the globe, reaping the associated economic and environmental returns.

 

As a former head of government, I understand what it means to make difficult budgetary decisions. But it is clear that some investments pay back many times over - for people, for the planet, and for future generations. The time to close the ocean finance gap is now. The question is no longer whether we can afford to protect the ocean - but whether we can afford not to.

 

Iván Duque Márquez, the youngest elected President in Colombia's history at the age of 41, is currently a Distinguished Fellow at the Woodrow Wilson Center, a Transformational Distinguished Fellow at Oxford University, a Distinguished Fellow at WRI, a Leadership Fellow at FIU, a Distinguished Fellow at the Bezos Earth Fund, and a member of the Campaign for Nature Global Steering Committee. He is a global expert in sustainability, conservation, green finance, and energy transition.

 

Iván Duque Márquez is a Former President of Colombia (2018-2022)

 

Follow @IPSNewsUNBureau

 

Read the original article on IPS.

 

 

 

 

South Africa: Mashatile Tells Youth to Stop Waiting for Jobs

Speaking at the Youth Day commemoration in Potchefstroom on Monday, he said the country's rising youth unemployment is not just an economic problem but a moral emergency.

 

Mashatile told the crowd that over half of South Africans aged 18 to 34 do not have jobs. "This is the highest we have ever seen," he said.

 

 

Even worse, 3.8 million young people are not in school, not training and not working. He said young women are hit harder than men. Among those aged 15 to 24, more than one in three are in this category.

 

"Even graduates are battling. Nearly one in four cannot find work," said Mashatile.

 

The 49th Youth Day event was held under the theme "Skills for a Changing World - Embracing Youth for Meaningful Economic Participation".

 

Mashatile said it is time to fix deep problems in the economy and address the mismatch between what schools teach and what jobs require.

 

But he said young people cannot wait. "We must encourage youth to trust and believe in their ability to start and grow their own businesses," he said.

 

He urged them to use government support programmes such as the National Youth Development Agency's Grant Programme and the Youth Challenge Fund. He also spoke about a R20-billion annual Transformation Fund that will run for the next five years.

 

Mashatile said unemployment affects the whole country, not just individuals. "We must all act -- government, business and communities."

 

Read the original article on Scrolla.

 

 

 

 

Ghana Accelerates Efforts to Boost Intra-African Trade

Ghana is fast-tracking the implementation of the African Continental Free Trade Area (AfCFTA) to unlock new opportunities for Ghanaian businesses across Africa by moving beyond commodity-based trade towards value addition for its traditional exports such as gold, oil and cocoa.

 

Speaking during the Ghana Intra-African Trade Fair (IATF) 2025 Business Roadshow, Ghana's Minister for Trade, Agribusiness, and Industry, Hon. Elizabeth Ofosu-Adjare highlighted the government's commitment to creating an enabling environment for businesses to thrive under AfCFTA by improving trade infrastructure, financing and market access.

 

"Under our Market Expansion Programme, the National AfCFTA Coordination Office is providing firm-level support to over 2,000 MSMEs in Ghana. This includes sensitization, market readiness training programmes, training on AfCFTA's Rules of Origin, trade finance and market access initiatives. Ghana has also conducted targeted trade expeditions to East Africa, taking Ghanaian businesses to Kenya, Tanzania and Rwanda to explore real-time opportunities and negotiate supply contracts," the Minister said in a speech read on her behalf by the Acting National Coordinator, National AfCFTA Coordination Office, Benjamin Kwaku Asiam.

 

 

The Ghana IATF2025 Business Roadshow brought together government officials, the trade community, including businesses and investors, and executives from the African Export-Import Bank (Afreximbank). The event focused on promoting intra-African trade under the theme: Harnessing Regional and Continental Value Chains: Accelerating Africa's Industrialization and Global Competitiveness through AfCFTA.

 

The Business Roadshow is one of five planned in Accra, Nairobi, Johannesburg, Lagos, and Algiers ahead of the fourth edition of the biennial Intra-African Trade Fair 2025 (IATF2025), scheduled to take place in Algiers, Algeria, from 4 - 10 September 2025. IATF is Africa's premier trade and investment event, held by Afreximbank, in collaboration with the African Union Commission and the AfCFTA Secretariat, and provides a platform for businesses to showcase their goods and exchange trade and investment information within the continent's single market.

 

 

In his keynote address, the Secretary General of the AfCFTA Secretariat, H.E. Wamkele Mene noted that the IATF offers an unparalleled platform for the exchange of trade and investment information; and is a marketplace of ideas, opportunities, and partnerships.

 

"As we work to scale up intra-African trade, build regional value chains, and accelerate industrialization, IATF serves as a key platform for connecting African businesses, investors, governments, and innovators. It is a catalyst for turning the promise of AfCFTA into concrete outcomes: trade deals signed, investments mobilized, and jobs created.

 

 

By establishing a large, integrated market, AfCFTA encourages countries to specialize and add value to products, attracting investment and creating jobs," H.E. Mene said, adding that this supports economic diversification, poverty reduction, and Africa's vision for sustainable and inclusive development.

 

Afreximbank Group Chief Economist & Managing Director, Research, Dr. Yemi Kale described IATF as AfCFTA's commercial marketplace, which brings to life Africa's efforts to trade more with itself not only in raw materials, but also in value-added goods, services, and innovations.

 

"One of the persistent barriers to intra-African trade is not tariffs or logistics alone--but also access to accurate, timely, and actionable market intelligence. Trade cannot flourish in the absence of information," Dr Kale said, adding that IATF2025 provides a platform for addressing this. He invited Ghanaian businesses and government agencies to participate in IATF2025, where over 2,000 exhibitors from Africa and beyond will showcase their products to more than 35,000 visitors and buyers from over 140 countries, with trade and investment deals projected to exceed US$44 billion.

 

Cumulatively, IATF has attracted over 4,500 exhibitors, more than 70,000 visitors, and facilitated over US$100 billion in deals. The last edition held in Cairo attracted nearly 2,000 exhibitors from 65 countries generated US$43.7 billion in trade and investment deals.

 

The upcoming IATF2025 will be hosted by the Government of the People's Democratic Republic of Algeria. Speaking at the Business Roadshow, Algeria's Ambassador to Ghana, H.E. Mourad Louhaidia welcomed visitors and exhibitors to Algiers, pledging his government's commitment to facilitate a successful IATF2025 by mobilizing transport and hospitality infrastructure and facilitating smooth entry for all participants into the country.

 

"The Algerian embassy will fast track processing of visas for all participants from Ghana. We have set up a dedicated team at the embassy to handle all information requests and visa applications to participate in IATF2025," H.E. Louhaidia added.

 

IATF2025 will feature a trade exhibition, the Creative Africa Nexus (CANEX) programme spotlighting cultural industries, a four-day Trade and Investment Forum, and the Africa Automotive Show. Special Days will highlight countries, public and private sector entities, tourism, cultural attractions, and Global Africa Day celebrating ties with the African diaspora.

 

Additional activities include business-to-business and business-to-government matchmaking, the AU Youth Start-Up programme, the Africa Research and Innovation Hub, and the African Sub-Sovereign Governments Network (AfSNET) to promote local trade and cultural exchanges. The IATF Virtual platform is also live, connecting exhibitors and visitors all year-round.

 

Ghanaian IATF Ambassador and Chairman, Oakwood Green Africa, Gabriel Edgal said: "Long before borders were drawn, Africa thrived as a connected economy. Trade was a way of life. Value was created locally. Progress moved through relationships and exchange. Across the world, we see increasing protectionism. Traditional aid partners are looking increasingly inward.

 

The global economic tide is shifting, and everybody is focusing on themselves instead. I believe this is a wake-up call -- that we need to now be more deliberate about trading among ourselves, to create interconnected prosperity, to trade among ourselves, build with ourselves, and grow for ourselves. It is time for action".

 

Ghana has been recognized as a leading example in AfCFTA implementation, with the government actively facilitating private sector participation through the National Coordination Office and initiatives like the Guided Trade Initiative, which has seen Ghanaian companies successfully trade with neighboring African countries. To participate in IATF2025 please visit www.intrafricantradefair.com.

 

Ends

 

About the Intra-African Trade Fair

 

Organized by the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, the Intra-African Trade Fair (IATF) is intended to provide a unique platform for facilitating trade and investment information exchange in support of increased intra-African trade and investment, especially in the context of implementing the African Continental Free Trade Agreement (AfCFTA).

 

IATF brings together continental and global players to showcase and exhibit their goods and services and to explore business and investment opportunities in the continent. It also provides a platform to share trade, investment and market information with stakeholders and allows participants to discuss and identify solutions to the challenges confronting intra-African trade and investment.

 

In addition to African participants, the Trade Fair is also open to businesses and investors from non-African countries interested in doing business in Africa and in supporting the continent's transformation through industrialization and export development.

 

Read the original article on Liberian Observer.

 

 

 

Liberia: Major Trade, Investment Confab Begins Today

The Ministry of Foreign Affairs, in collaboration with the National Investment Commission (NIC) and the Liberia Chamber of Commerce (LCC), has announced an upcoming Trade and Investment Conference under the theme "Bridge to Prosperity."

 

Scheduled to take place today, Tuesday, June 17 to 21, 2025 in Monrovia, the five-day event will bring together a delegation of prominent U.S. investors and business leaders to explore trade and investment opportunities across Liberia's key economic sectors.

 

This flagship initiative is a hallmark of the Ministry's economic diplomacy agenda, under the leadership of Sara Beysolow Nyanti, and is closely aligned with the Trump Administration's renewed commercial diplomacy efforts in Africa. The five-day conference will welcome a delegation of prominent U.S. investors and business leaders, targeting companies with interest in key sectors across Liberia's economy.

 

 

A special reception will be hosted in their honor by the U.S. Ambassador to Liberia, underscoring the significance of this bilateral investment initiative. As part of the U.S. business delegation's visit, participating companies will engage in sector specific site visits, project briefings, and one-on-one meetings with public and private sector leaders.

 

The event will feature a dynamic lineup of panel discussions, business-to-business networking sessions, site visits, and government briefings, all designed to provide U.S. investors with comprehensive insights into Liberia's economic potential and investment friendly climate.

 

This conference underscores Liberia's commitment to expanding its economic frontiers by leveraging international partnerships to drive sustainable development, job creation, and infrastructure growth. Key sectors to be showcased include agriculture, energy, infrastructure, tourism, mining, and digital economy, among others.

 

The "Bridge to Prosperity" conference is also a strategic pillar of the ARREST Agenda for Inclusive Development (AAID), Liberia's national development framework. The event underscores the government's commitment to mobilizing international investment as a means to accelerate job creation, infrastructure development, and economic transformation.

 

Participants will include senior government officials, international development partners, private sector leaders, U.S. trade delegations, and representatives from multilateral institutions. The event aims to generate concrete commitments that will translate into job creation, technology transfer, and inclusive development.

 

With this initiative, Liberia continues to chart a forward looking path in economic diplomacy, positioning itself as a gateway for U.S. investors into West Africa.

 

Read the original article on Liberian Observer.

 

 

 

 

Nigeria: Pension Funds Investment in FG Securities Rise 18.7 Percent to N14.4trn

The Pension Fund's investments in Federal Government (FG) Securities rose by 18.7% Year-on-Year, YoY, in the first quarter 2025, Q1'25 to N14.48 trillion from N12.20 trillion in the corresponding period of 2024, Q1'24.

 

This was disclosed in the latest pension funds industry portfolio report from the National Pension Commission, PenCom, detailing activities in the sector for the first quarter of the year ended March 31, 2025.

 

Market operators attributed the rise in the investments in FGN securities to the high Monetary Policy Rate, MPR, regime established by the Central Bank of Nigeria, CBN, over the last six months as well as the relatively low risk factor of the securities.

 

 

Notably, due to the rising inflationary trend, the CBN had continuously retained MPR at 27.5% since December 2024, which is the bench mark interest rate for government and other corporate securities in the country.

 

Vanguard's findings revealed that the Federal Government securities accounted for 62 % of the total pension fund assets worth N23.32 trillion.

 

The investments in FGN Securities include FGN Bonds, Treasury Bills, Agency Bonds, Sukuk Bonds and Green Bonds.

 

In the review period, the Hold Till Maturity, HTM FGN Bonds accounted for 85.5% of the total FGN securities posting N12.389 trillion followed by Available for Sale, AFS's FGN Bonds accounting for 9.6% of the total FGN securities valued at N1.397 trillion. The Treasury Bills occupied the third position recording N593.217 billion and accounted for 4.1% of the total Federal Government securities followed by Sukuk Bonds, which recorded N9.248 billion to account for 0.6% of the total FGN Bonds.

 

Commenting on this development, analyst and Head of Investment and Research at Fidelity Securities Limited, FSL, Mr Victor Chiazor, said: "The rise in PFAs' investments in Government securities in first quarter was triggered by the high interest rate environment during the period. The CBN in order to tame rising inflation rate has not reduced the MPR since the beginning of the year."

 

In his own part, analyst and Managing Director/CEO of A

 

PT Securities and Funds Limited, Mallam Garba Kurfi, said: "The Investment in FGN Bonds by PFAs is necessary because of its availability when compared with the other Investment. Also, the less risky nature of the securities makes it attractive even when the equities at the moment have recorded higher return on investment".

 

Read the original article on Vanguard.

 

 

 

 

Liberia: Sanniquellie Airstrip Revival Begins

After decades of neglect and encroachment, the historic Sanniquellie Airstrip is poised for a major transformation. On June 11, 2025, Samaritan's Purse International Relief, in partnership with the Liberia Aviation Authority (LAA), broke ground for the rehabilitation of the long-dormant facility -- a project seen as a critical step toward reviving domestic aviation in Liberia.

 

The groundbreaking ceremony, held on the very grounds that once served as a makeshift marketplace and concrete molding site, drew community members, traditional leaders, government officials, and religious leaders. It marked the beginning of a project that promises to change not just the infrastructure of Nimba County, but its economic and developmental trajectory.

 

 

Chapman T. Magagula, Country Director of Samaritan's Purse, reaffirmed the organization's commitment to the people of Nimba, describing the project as an act of Christian love in action.

 

"When God blesses our hearts that we should turn toward the people of Nimba and help too, we obeyed. This is why we are here today," he said. "It is easy to say you love somebody, but it is another thing to show them the love."

 

With a smile on his face, Magagula added, "Nimba is going to go high because God is revisiting this county through the rehabilitation of the airstrip."

 

E. Mark Kuiah, Deputy Managing Director of the Liberia Aviation Authority, emphasized that the Sanniquellie Airstrip project is part of a larger national agenda to reintroduce domestic flights across Liberia.

 

 

"This is not strange news to us," Kuiah said. "Samaritan's Purse has been very active in the improvement of aviation services in Liberia. You guys have gone to Lofa and done a lot there with the airstrip, and now you're coming to do the same in Nimba."

 

He also underscored the community's role in the success of the project, warning against safety risks and urging residents to support and respect aviation protocols.

 

"The community has a responsibility for this development," he said. "We have to be cautious because aviation is no joke. People need to be conscientize about aircraft landing and taking off. The perimeter must be protected."

 

Kuiah further assured the public that aerodrome engineers would be deployed to ensure that the airstrip is developed to meet both national and international standards for aircraft operation.

 

The timing of the project is seen as strategic, especially in light of the recent commissioning of a multi-billion-dollar iron ore concentrator by ArcelorMittal Liberia (AML), which is expected to increase the flow of local and international personnel into and out of Nimba.

 

Nimba County is widely considered one of Liberia's fastest-growing economic hubs, with bustling commercial activity across its towns and districts. With the airstrip's reopening, business leaders and local travelers alike are anticipating reduced travel time and increased commercial exchange.

 

Nimba County Superintendent Kou Meapeh Gono described the project as a pivotal moment in the county's development journey and a source of new dreams for the next generation.

 

"This is more than just an airstrip; it's an investment in the aspirations of our people," she said. "When children see helicopters or planes flying into their community, it inspires them. It makes them dream bigger and believe that becoming a pilot, an engineer, or a leader in aviation is possible."

 

She also urged residents who have built structures on the airstrip to remove them immediately in support of the redevelopment efforts.

 

Once a vital landing site, the Sanniquellie Airstrip had become unusable after more than 40 years of neglect. Over time, it was overtaken by vendors, residents, and even Jungle Energy Power, which used the space to mold concrete poles.

 

Now, with the renewed commitment from Samaritan's Purse and the LAA, many believe the airstrip is finally set to reclaim its former role -- not just as a transportation hub, but as a symbol of what's possible when faith and development work hand in hand.

 

As work begins in earnest, the people of Nimba are watching the skies again -- this time with hope.

 

Read the original article on Liberian Observer.

 

 

 

 

Trump signs order confirming parts of UK-US tariff deal

A deal removing some trade barriers between the UK and US has been signed off by President Donald Trump.

 

The move will bring into force parts of an agreement agreed between the two countries last month, and reduce tariffs on UK cars being shipped to the US.

 

It comes after weeks of talks to implement parts of the pact, which the UK government hopes will shield British businesses from the impact of Trump's tariffs.

 

But the deal includes a 10% levy on most UK goods, including cars, and did not address the expected removal of charges on steel imports.

 

 

Speaking at the G7 summit in Canada, Prime Minister Sir Keir Starmer called the move a "very important day" for both countries.

 

The pact, initially agreed last month, is the first the White House has announced since it imposed wide-ranging tariffs on various goods entering America earlier this year.

 

Chris Mason: Tariffs deal a triumph for Starmer - up to a point

What is in the UK-US tariff deal?

Trump has raised taxes on goods entering the US, in a series of rapid-fire announcements in an attempt to encourage businesses and consumers to buy more American-made goods.

 

It sparked financial turmoil and alarm around the world, including in the UK, where car manufacturers and steelmakers rely on the US as a key destination for exports.

 

Steel tariffs

In the order Trump signed on Monday, the US said it would allow up to 100,000 cars into the US at a 10% tariff, instead of the 25% import tax imposed on all car imports earlier this year, as agreed under the terms outlined in May.

 

The order said the US would set up a similar system for steel and aluminium, but did not specify what it would be.

 

"We're gonna let you have that information in little while," the US President said when asked if steel tariffs would be axed for the UK - a major part of the original tariff pact.

 

In response to a question about future tariffs, Trump said the UK was "very well protected". "You know why? Because I like them," he added.

 

The UK government said it would "continue to go further and make progress towards 0% tariffs on core steel products as agreed".

 

The US tax on UK imports of steel and aluminium is currently 25%.

 

Earlier this month, Britain was temporarily spared when Trump announced a doubling of steel tariffs to 50%, but the tax could increase if the UK cannot reach an agreement by 9 July.

 

Under current rules, in order to qualify for an exemption, steel has to be "melted and poured" in the country from which it is imported.

 

Last year, Tata Steel shut down its blast furnaces and, while it transitions to using an electric furnace, it has been importing steel from overseas.

 

"Obviously we've still got some more work to do," Transport Secretary Heidi Alexander told the BBC.

 

"We're working through some technical detail around steel, because we want to bring that 25% tariff that applies at the moment obviously down further."

 

The head of trade body UK Steel, Gareth Stace, said the industry "badly needs clarification over the 'melted and poured' requirement, and the level of quotas available to UK steelmakers".

 

Monday's order also agreed to remove tariffs on certain kinds of aerospace products.

 

Sir Keir described the agreement as a "sign of strength" between Britain and America.

 

 

What is in the UK-US tariff deal?

US and UK agree deal slashing Trump tariffs on cars and metals

The deal on US-UK tariffs will come into effect seven days following its official publication.

 

Mike Hawes, head of the Society of Motor Manufacturers and Traders, which represents UK carmakers, said it was "a huge reassurance" to the sector.

 

He told the BBC's Today programme there had been fewer exports of British cars to the US as the industry waited for the deal to be ratified.

 

On Monday, JLR, the UK carmaker owned by India's Tata Motors, lowered its earnings forecast after pausing shipments to the US in April due to tariffs.

 

Car shipments to the US already incurred a 2.5% tariff which meant that if an agreement had not been reached, UK exports would have been taxed at 27.5%.

 

Mr Hawes said the 10% tariff gave UK manufacturers "something of a competitive edge because their competitors tend to come from Italy or some from Germany which are still subject to the 27.5% tariff".

 

The executive order will bring into force parts of a tariff deal agreed last month

As part of the deal, the UK has granted a tariff-free quota of 1.4 billion litres of US ethanol. Previously, US ethanol shipments to the UK faced a 19% tariff.

 

But ABF Sugar, which owns the largest bioethonal plant in the UK, has warned it could be forced to make redundancies if the British market is not protected.

 

"A lot is at stake here, not just in the short-term but the long-term," said ABF Sugar chief executive Paul Kenward.

 

He said the industry needed help from the government. "The government's given away the entire UK market for bio-ethanol."'

 

The company has set a deadline of 25 June to secure state support. But Mr Kenward said if that does not happen, it will have to start consultations which could see 200 jobs cut from its Vivergo Fuels plant in Hull.

 

The deal will also see the UK scrap a 20% tariff on US beef imports and raise the quota to 13,000 tonnes.

 

But the UK government has insisted there will be no weakening of food standards and any US beef imports will need to meet food safety requirements.

 

Business and Trade Secretary Jonathan Reynolds said: "We will update parliament on the implementation of quotas on US beef and ethanol, part of our commitment to the US under this deal."

 

Not a free-trade deal

Ministers have hailed the US deal alongside trade deals with the European Union and India.

 

But the US agreement is much more limited than the full-fat trade deal that has long been discussed on Downing Street. The scope of what was signed on Monday also appeared more restricted than the general terms of the deal as outlined last month.

 

Trump has previously declared the pact on tariffs is a "major trade deal", but it is not. The US president does not have the authority to sign free-trade agreements without the approval of Congress.

 

The pact has drawn criticism by opposition parties in the UK. Conservative party leader Kemi Badenoch has called it a "tiny tariff deal".

 

Liberal Democrat Treasury spokesperson Daisy Cooper said the government needed to "come clean" on the deal's details, "including publishing impact assessments on how it will affect British farmers, food standards and steel industry".-BBC

 

 

 

Starmer to announce new sanctions targeting Russia

The UK is expected to unveil new sanctions against Russia designed to "restrict Putin's war machine" alongside other Ukraine allies on Tuesday.

 

Prime Minister Sir Keir Starmer said the measures would increase economic pressure on the Kremlin to show Vladimir Putin "it is in his and Russia's interests to demonstrate he is serious about peace".

 

However, it appeared unlikely that the US would join the move after Donald Trump signalled his opposition to further measures during the G7 summit in Canada, saying the sanctions "cost [the US] a lot of money".

 

Meanwhile, Ukrainian officials said 14 people were killed after another wave of drone and missiles struck Kyiv overnight.

 

 

Downing Street said the new sanctions package would aim to keep up "pressure on Russian military industrial complex" but did not provide further details.

 

In a statement, Sir Keir said he and other G7 partners were finalising the new measures at the Alberta summit, and that they would "squeeze Russia's energy revenues and reduce the funds they are able to pour into their illegal war".

 

"The fact is, Russia doesn't hold all the cards," he said.

 

Asked why limited information had been released about the contents of the sanctions package, a No 10 spokesman said: "It's just a point of fact that the G7 has only just begun... it would be premature to get ahead of what those sessions will yield."

 

Ukrainian President Volodymyr Zelensky and other allies wanted to use the summit to encourage Trump to put pressure on Russia.

 

Earlier on Monday, Trump - who announced he would leave the summit early due to the escalating conflict in the Middle East - indicated he did not back the sanctions plan.

 

He said: "You're talking about billions and billions of dollars. Sanctions are not that easy. It's not just a one-way street."

 

Trump said he was "waiting to see whether or not a deal" could be agreed between Russia and Ukraine to end the war before signing up to a new sanctions package.

 

His early departure from the summit means any announcement on sanctions will likely not involve the US.

 

Talks in Canada are likely to include discussion about how to reduce the price much of the world pays for Russian oil.

 

The G7 agreed in December 2022 to cap the price of Russian crude oil at $60 per barrel, making that a condition of access to western ports and shipping insurance.

 

But this has been rendered less effective by falling energy prices.

 

The European Commission wants a cap at $45 (£33.18) . Ukraine wants it even lower at $30 (£22.12).

 

Ukraine's Western allies also want a tough new package of direct economic sanctions.

 

The European Commission has already proposed a fresh round of penalties aimed at Moscow's energy revenues, banks and military industry.

 

Some US senators are also pushing for tough new sanctions that that would impose steep tariffs on countries that buy cheap Russian oil, most particularly China and India. But how successful they will be is not clear.

 

During a press conference with Canadian Prime Minister Mark Carney, Trump also called Russia's removal from the G7 group "a mistake" and said it "makes life more complicated".

 

In 2014, then-US President Barack Obama and other world leaders decided to expel Russia from the group of major economies after Russia's annexation of Crimea.-BBC

 

 

 

 

British Steel secures £500m contract to supply UK train tracks

British Steel has secured a five-year contract worth £500m to supply train tracks for Network Rail, in a move which could help safeguard the short-term future of the Scunthorpe steelworks.

 

The company will forge more than 337,000 tonnes of track, securing thousands of jobs, two months after the government used emergency powers to prevent the blast furnaces from immediate closure.

 

Ministers stepped in after accusing the Chinese firm Jingye, which bought British Steel in 2020, of planning to shut down the plant's blast furnaces.

 

British Steel said the new contract represented a "huge vote of confidence in UK workers and British industry".

 

 

While British Steel has long supplied the track used for Britain's railways with Scunthorpe producing rail since 1865, the latest deal provides guaranteed work for the plant for at least the next five years.

 

The contract will begin on 1 July, with the company continuing to provide Network Rail with 80% of its track needs and other European steelmakers to supply "specialist rail products" alongside, the government said.

 

Why did the government take control of British Steel?

UK takes control of British Steel under emergency powers

 

Clive Berrington, Network Rail's director for railway business services, said the public company, which owns and maintains Britain's railways, was "committed to buying British where it makes economic sense to do so".

 

"British Steel remain extremely competitive in the provision of rail and will remain our main supplier in the years ahead," he added.

 

Craig Harvey, commercial director for rail at British Steel added the agreement demonstrated the firm's "importance to the UK's economy and infrastructure".

 

In April, the government took control of British Steel from its owners but has so far stopped short of fully nationalising the business.

 

It has not ruled out full public ownership, but is also looking for potential private investors to fund steelmaking operations, which has increasingly been raised as a national security issue.

 

Concerns over the future of the UK's steelmaking capability were raised when talks between the government and Jingye broke down, with the business secretary saying it had "become clear" that the company was intent on closing down the blast furnaces.

 

If the furnaces were starved of fuel and went out, the UK would no longer have the ability to produce so-called virgin steel, due to the process of restarting them being extremely difficult and costly.

 

Virgin steel-making involves iron being extracted from its original source to be purified and treated to make all types of steel used in major construction projects, such as new railways.

 

Scunthorpe, which employs 2,700 people, is the last plant in the UK producing virgin steel. It has four blast furnaces, all named after English Queens - Bess, Mary, Anne and Victoria, but Bess and Anne are the only two still in operation.

 

The government said the new deal with Network Rail demonstrated its progress to "strengthen domestic manufacturing and supply chains" in order to boost economic growth.

 

Transport Secretary Heidi Alexander, speaking from Scunthorpe on Tuesday, told BBC Breakfast that the contract was "critically important".

 

"It's really important for us to have a resilient economy and to be able to ensure we can equip our national infrastructure here in the UK," she said.

 

The deal comes ahead of the government's national infrastructure strategy, which is expected later this week.

 

Uncertainty has surrounded the future of the UK's steel industry in recent years, with the closure of Port Talbot's blast furnaces in 2024.

 

US tariffs targeting imports of steel to the country have also threatened businesses. The UK has been temporarily spared from President Donald Trump's executive order doubling steel tariffs from 25% to 50%.

 

On Monday, Trump signed an executive order that will bring into force parts of a tariff deal agreed between the two countries last month.

 

However, the expected removal of charges on steel imports was not included.-BBC

 

 

 

 

 

Social media now main source of news in US, research suggests

Social media and video networks have become the main source of news in the US, overtaking traditional TV channels and news websites, research suggests.

 

More than half (54%) of people get news from networks like Facebook, X and YouTube - overtaking TV (50%) and news sites and apps (48%), according to the Reuters Institute.

 

"The rise of social media and personality-based news is not unique to the United States, but changes seem to be happening faster – and with more impact – than in other countries," a report found.

 

Podcaster Joe Rogan was the most widely-seen personality, with almost a quarter (22%) of the population saying they had come across news or commentary from him in the previous week.

 

 

The report's author Nic Newman said the rise of social video and personality-driven news "represents another significant challenge for traditional publishers".

 

The institute also highlighted a trend for some politicians to give their time to sympathetic online hosts rather than mainstream interviewers.

 

It said populist politicians around the world are "increasingly able to bypass traditional journalism in favour of friendly partisan media, 'personalities', and 'influencers' who often get special access but rarely ask difficult questions, with many implicated in spreading false narratives or worse".

 

Despite their popularity, online influencers and personalities were named as a major source of false or misleading information by almost half of people worldwide (47%) - putting them level with politicians.

 

The report also stated that usage of X for news is "stable or increasing across many markets", with the biggest uplift in the US.

 

It added that since Elon Musk took over the network in 2022, "many more right-leaning people, notably young men, have flocked to the network, while some progressive audiences have left or are using it less frequently".

 

In the US, the proportion that self-identified as being on the right tripled after Musk's takeover.

 

In the UK, right-wing X audiences have almost doubled.

 

Rival networks like Threads, Bluesky and Mastodon are "making little impact globally, with reach of 2% or less for news", it stated.

 

Other key findings about news sources:

 

TikTok is the fastest-growing social and video network, used for news by 17% of people around the world, up four percentage points since last year.

The use of AI chatbots to get the news is on the rise, and is twice as popular among under-25s than the population as a whole.

But most people think AI will make news less transparent, accurate and trustworthy.

All generations still prize trusted brands with a track record for accuracy, even if they don't use them as often as they once did

The report is in its 14th year and surveyed almost 100,000 people in 48 countries.-BBC

 

 

 

MyPillow boss Mike Lindell loses $2.3m defamation case

Mike Lindell, the chief executive of MyPillow and staunch supporter of Donald Trump, has lost a defamation case brought by a former employee of a voting equipment company.

 

A jury in Denver, Colorado, ordered Mr Lindell to pay $2.3m (£1.7m) to Eric Coomer, a former security and product strategy director at Dominion Voting Systems.

 

Lindell falsely accused Mr Coomer of helping to rig the 2020 vote, which was won by Joe Biden. During the two-week trial, Lindell stuck by baseless claims that the election was stolen from Donald Trump.

 

Dominion itself has filed cases against several Trump allies who it accuses of spreading lies about the company's voting machines.

 

 

Mr Coomer filed federal lawsuits in 2022 against Mr Lindell and two of his companies, My Pillow, Inc and Lindell TV, saying their actions had caused his reputation to be "irreparably tarnished".

 

He "now endures frequent credible death threats and the burden of being made the face of an imagined criminal conspiracy of unprecedented scope in American history", his lawsuit said.

 

A lawyer for Mr Coomer told the Colorado Sun: "We're thrilled with the verdict."

 

"In the sense that [Coomer has] been through a lot and he's still going to be looking over his shoulder," added the attorney, Charles Cain.

 

"Generally, what this verdict says is… individuals who are singled out can get vindication in the courthouse.

 

"And hopefully this serves as deterrence for individuals working on our elections from being targeted."

 

Outside court, Lindell praised the jury for not finding his company, Lindell TV, liable for defamation.

 

"This is a huge victory for our country," he said in a live broadcast, according to the Sun.

 

"The big win is: you cannot attack USA companies and expect it's going to work."

 

He also vowed to appeal against the verdict and said he was in financial debt.

 

In 2021, several major US shops stopped carrying Mr Lindell's products as he began endorsing election conspiracies.

 

Trump himself has often falsely claimed the 2020 election was "rigged" by mass voter fraud.

 

More recently, Mr Lindell has used his legal troubles in an effort to sell his products.

 

His company's website directed shoppers to "use promo code JURY" to receive a "free Multi-Use MyPillow 2.0" and included a link to donate to his "legal defense fund".

 

Dominion sued Fox News for $1.6bn (£1.2bn) accusing the network of spreading lies about the election. Fox settled out of court for $787.5m.-BBC

 

 

 

 

 

 

 


 


 


 Invest Wisely!

Bulls n Bears 

 

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INVESTORS DIARY 2025

 


Company

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Date & Time

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


Companies under Cautionary

 

 

 


 

 

 

 


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Padenga

Econet

RTG

 


Fidelity

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FMHL

 


 

 

 

 


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

 


 

 


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