Major International Business Headlines Brief ::: 18 September 2025

[Bulls n Bears]

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Major International Business Headlines Brief :::  18  September  2025 

 


 


 


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ü  Nigeria: $4bn Refinery Fund - Tinubu Faces Litmus Test As Lawyers
Petition EFCC On Kyari

ü  South Africa: Lottery Commission Extends Reparations to Staff

ü  Rwanda: Electricity Tariffs to Be Reviewed Every Three Months

ü  Rwanda: New Electricity Tariffs Won't Affect Commodity Prices, Says Trade
Minister

ü  Nigeria: Reactions As Tinubu Ends Emergency Rule in Rivers

ü  Nigeria: CBN Mandates Banks to Announce Successor CEOs Six Months Ahead
of Exit

ü  Rwanda: Eastern Province Farmers Pin Hopes On New Liquid Nitrogen Plant

ü  South Africa: Commuters Scramble As 30-Day Taxi Shutdown Begins

ü  Uganda: Bunyoro, Tooro Local Governments Call for Increase in Road Funds

ü  Could the US interest rate cut boost the housing market?

ü  Facebook owner unveils new AI-powered smart glasses

ü  US firms pledge £150bn investment in UK, as Starmer hosts Trump

ü  Scotch whisky wants a pass on US tariffs. But why should Trump give it?

ü  Fed Reserve cuts interest rates but cautions over stalling job market

 


 <mailto:info at bulls.co.zw> 

 


Nigeria: $4bn Refinery Fund - Tinubu Faces Litmus Test As Lawyers Petition
EFCC On Kyari

ABUJA -- President Bola Ahmed Tinubu has come under pressure to prove his
anti-corruption credentials as more than 500 lawyers, professionals and
civil rights activists marched to the headquarters of the Economic and
Financial Crimes Commission (EFCC) in Abuja on Wednesday.

 

The demonstrators called for action on the $4 billion refinery
rehabilitation projects undertaken during the tenure of former Group Chief
Executive Officer of the Nigerian National Petroleum Company Limited
(NNPCL), Mele Kyari.

 

The protest, organised under the Concerned Lawyers and Citizens Network
(CLCN), centred on allegations of mismanagement of funds allocated to the
projects. Participants demanded an independent forensic audit and urged the
EFCC to investigate and prosecute any persons found culpable.

 

 

The group was led by Barrister Theophilus Ojonugwa, who addressed
journalists after submitting a petition to the anti-graft agency.

 

Keep up with the latest headlines on WhatsApp | LinkedIn

 

Ojonugwa described the controversy as a defining test for the Tinubu
administration's anti-corruption agenda.

 

"This is not merely a financial matter; it is a question of national
development and public trust," he said, linking the stalled projects to
Nigeria's continued reliance on imported petroleum products.

 

The Network argued that the alleged mismanagement represented missed
opportunities for investment in education, healthcare and job creation,
which they described as a 'betrayal' of intergenerational trust.

 

The petition further requested that any company or entity linked to the
refinery projects be subjected to scrutiny, while also calling for
international forensic auditors to ensure transparency.

 

 

"If $4 billion had been properly invested, Nigeria would be self-sufficient
in refining today," Ojonugwa stated.

 

The CLCN urged the EFCC to conduct a thorough investigation, prosecute those
indicted, and recover assets where possible. They appealed to President
Tinubu to ensure that the matter becomes a 'watershed moment' in Nigeria's
anti-corruption campaign.

 

The group also called on Nigerians to remain engaged in demanding
accountability from public institutions.

 

"The destiny of our nation rests in the courage of its people," the Network
said

 

Read the original article on Vanguard.

 

 

 

 

 

 

South Africa: Lottery Commission Extends Reparations to Staff

A dozen people, including whistleblowers, have given evidence of harm
suffered under the previous administration

 

The National Lotteries Commission has extended its reparations process to
include current staff who experienced "hurt" and former employees who
"suffered harm" under its previous management.

At least 12 people have given evidence to an independent panel.

Those applying for reparation include former staff who were forced out after
blowing the whistle on corruption, heads of non-profit companies who were
threatened after speaking out, and people whose vehicles were torched.

Minister Parks Tau told Parliament that R20-million has been ringfenced for
individuals, with compensation for the first group of applicants expected to
be approved by the NLC board this month after almost a year of delays.

 

A National Lotteries Commission (NLC) reparations process has been extended
to include current staff who experienced "hurt" and former employees who
"suffered harm" under the organisation's previous administration.

 

 

So far, at least a dozen people have given evidence of what was done to them
to a two-person independent panel set up to advise the NLC board. They
include former staff who were hounded out of the NLC after blowing the
whistle on corruption, and one who was shortchanged on a Labour Court unfair
dismissal award. Others who have applied for reparation include the heads of
non-profit companies who were threatened and defamed after speaking out
about how their organisations were hijacked and fraudulently used to apply
for lottery grants.

 

 

In two cases, vehicles belonging to people who exposed corruption involving
dodgy multimillion-rand lottery grants were set alight by arsonists. In one
case, at least 30 geese, peacocks, ducks, swans and chickens were also
slaughtered in a late-night panga attack. The arson attacks and the
slaughter of the birds were seen as a warning to silence whistleblowers.

 

In a June 2023 interview with GroundUp, NLC Commissioner Jodi Scholtz said
the reparations process, which was then still in planning, "needs to be
lawful and authentic".

 

"We need to make amends within the PFMA (Public Finance Management Act). The
idea is to say sorry in a way that is meaningful and for everyone. My
original proposal was for staff only. But communities have also been
affected. They have been hurt. We cannot just say it is business as usual,"
she said.

 

The process was set in motion almost a year ago. After several delays,
compensation for the first group of applicants is expected to be approved by
the NLC board this month.

 

 

Minister of Trade, Industry and Competition Parks Tau told Parliament in
April that R20-million had been "ringfenced for individual reparative
measures".

 

Tau, responding in April to a question from MK party MP Des van Rooyen, said
the funds would come from the National Lotteries Distribution Trust Fund.
The National Treasury had been informed about the ringfenced R20-million "as
part of the NLC surplus", said Tau.

 

Responding to another parliamentary question from Van Rooyen, also in April,
Tau said the NLC board's reparations committee would have the final say on
compensation. This committee consists of Beryl Ferguson and Lionel October,
both NLC board members, and Dr M. Mosia, an independent member of the NLC
board's Human Capital Management and Social Ethics Committee.

 

Details of the processes being followed were laid out in a response to a
written parliamentary question from DA MP Toby Chance in December last year.

 

The period covered for eligibility for applications for reparation by
current and former staff is 1 January 2017 to 31 January 2023.

 

In the case of current staff, the NLC is not offering any financial
compensation.

 

Instead, it says in its letter inviting applications: "The NLC is mindful of
the hurt and trying circumstances that some of our colleagues went through
during the previous administration. The reparative initiatives aim to do
right and assist, as far as possible, with supporting the healing journey of
those impacted."

 

The NLC said all staff applications would be considered by independent
advisors who, in the case of valid claims, will make "non-financial award
recommendations to the NLC for consideration, as to the appropriate
reparative measures to be applied".

 

The letter sent to former employees does not say whether they would be
eligible for financial compensation.

 

Explaining the almost year-long delay, Scholtz said in response to questions
from GroundUp that the NLC was "going through a rigorous independent
assurance process".

 

"The reparations process is a restorative process, which may be pecuniary
and non-pecuniary in nature", she said.

 

Scholz said the process was "well advanced" and should be finalised soon.

 

"It is important to note that the reparations process is a voluntary and
non-legal process. Where possible, in order to ensure the NLC complies with,
amongst other things, the PFMA, and that the implementation of the
reparations process is lawful, fruitless and wasteful expenditure must be
avoided, and non-pecuniary reparations should therefore be made, where
possible.

 

DA MP Toby Chance, who has been monitoring the process, said,
"Unfortunately, the reparations process has been bogged down by endless red
tape."

 

"After pressure I put on the NLC chair and commissioner in Parliament, they
were forced to concede that internal processes [for reparation] were deemed
insufficient to make the payments, even after consulting the Auditor General
and SARS."

 

"So an independent service provider had to be appointed to manage the
process, delaying it for months. It now appears the reparations will only be
finalised by the end of September".

 

Chance called on Scholtz to ensure that reparations payments, if deemed
necessary, "are processed expeditiously to avoid placing unnecessary
financial and emotional burdens on those affected."

 

Editor's note:

 

Raymond Joseph, a freelance reporter who has been investigating lottery
corruption for GroundUp since 2018, has also applied for reparation.

 

Joseph has not applied for financial compensation, but has asked for an
apology to him and his family, and GroundUp, who, among other things, were
defamed by the NLC and people associated with the leadership of its previous
administration. Joseph was also threatened, and he and GroundUp were
threatened with a criminal complaint by the NLC.

 

The consultants handling the reparations process have recommended that the
NLC make a donation to an NPO of his choice in his and GroundUp's name.
Joseph has put forward the names of two animal welfare organisations active
in townships.

 

Read the original article on GroundUp.

 

 

 

 

Rwanda: Electricity Tariffs to Be Reviewed Every Three Months

Rwanda's electricity tariffs will now be reviewed every three to four months
to ensure they align with energy production costs, according to the Ministry
of Infrastructure.

 

ALSO READ: Electricity tariffs set to be reviewed for first time in 5 years

 

The Minister of Infrastructure, Jimmy Gasore, said this on Wednesday,
September 17, shortly after the announcement of the new tariffs. The
previous tariff review was made in 2020.

 

Gasore said the quarterly review aims to ensure that the cost of producing
electricity corresponds with the tariffs paid by consumers.

 

"There are ongoing investments in power plants, costs related to the
transmission channels that bring electricity from the plants to the supply
network, and eventually to households. All these require investment," he
said in an interview with Rwanda Broadcasting Agency (RBA).

 

ALSO READ: Rwanda's electricity access rose from 1% to 83.2% in three
decades

 

Gasore explained that power plants and transmission lines also need
continuous maintenance and replacement of equipment, while production costs
and the number of electricity users keep rising steadily.

 

He pointed out that as people's lifestyles change, demand grows, with many
acquiring fridges, additional lighting, or using electricity for cooking.

 

He recalled that before the COVID-19 pandemic, tariffs were reviewed every
three to four months but the practice was temporarily suspended.

 

 

"We have been using tariffs set in January 2020. That is why there was a
need to resume the quarterly reviews and match the tariffs with production
costs," the minister said.

 

"We will be reviewing tariffs every three to four months."

 

The review will focus on different usage categories.

 

The minister urged the general public to use electricity responsibly,
avoiding unnecessary consumption such as keeping lights on during the day
and unplugging equipment that is not in use. This, he said, will help reduce
costs for households and the country in general.

 

Read the original article on New Times.

 

 

 

 

 

Rwanda: New Electricity Tariffs Won't Affect Commodity Prices, Says Trade
Minister

The Minister of Trade and Industry, Prudence Sebahizi, has assured that the
newly introduced electricity tariffs will not lead to an increase in
commodity prices, as industries continue to benefit from lower rates
compared to other consumer categories.

 

ALSO READ: RURA announces new electricity tariffs: Here is what we know

 

Speaking in an interview with Rwanda Broadcasting Agency (RBA) on September
17, Sebahizi said industries have been categorised in a way that allows them
to access special tariffs depending on their level of consumption.

 

 

"Even if electricity tariffs were to increase, there are special programmes
in place for industries depending on their categories and the quantity of
electricity they use," he said.

 

 

The minister explained that industries consuming between 5,000 kilowatt/hour
(kWh) and 100,000kWh annually are charged differently from those using
between 100,000kWh and one million kWh, while those consuming over one
million kWh benefit from the highest reductions.

 

According to the new rates announced by Rwanda Utility Regulatory Authority
(RURA), the industrial sector is subject to new adjustments, with tariffs
varying according to their annual consumption.

 

Small industries, including some hotels and ICT service providers, will be
charged Rwf175/kWh. Medium industries such as mining and mineral processing
companies, as well as water treatment plants, will pay Rwf133/ kWh.

 

 

For large industries, including broadcasting infrastructure providers and
electric vehicle charging stations, they will be billed at Rwf110/kWh.

 

Extra-large industries such as steel manufacturers, cement producers, and
large-scale mining firms will pay Rwf97/kWh.

 

Sebahizi said that industries producing construction materials such as
cement and steel will continue to pay lower tarrifs, as part of government
efforts to promote investment in the construction and industrial sectors.

 

"This year alone, we have helped more than 1,069 industries to access
special electricity costs depending on their category," Sebahizi noted.

 

He said the increase in electricity costs for industries remains
significantly lower than that applied to other categories of consumers.

 

"That shows how the government continues to support industries. They should
not increase the prices of their products, because the tariffs were not much
increased," he said.

 

Sebahizi pointed out that competition with imports means local manufacturers
must maintain fair pricing for their products. "There would be some
sacrifices, but not on the prices of the products," he said.

 

ALSO READ: Rwanda's electricity access rose from 1% to 83.2% in three
decades

 

"The main challenge is ensuring we have enough electricity so that anyone
who wants to set up an industry can access it," he said.

 

The minister also allayed any fears that the new tariffs could affect
foreign investment.

 

"There is no need to worry. That is why the government is helping investors
by ensuring affordable electricity," he said.

 

Read the original article on New Times.

 

 

 

 

 

Nigeria: Reactions As Tinubu Ends Emergency Rule in Rivers

President Bola Tinubu on Wednesday announced the end of the state of
emergency imposed on Rivers State, declaring that democratic governance
would fully resume in the oil-rich state from 18 September.

 

Speaking on the latest twist in the political developments in Rivers State,
political figures and ethnic nationalities in the state have weighed in on
how they want the returning Governor, Siminalayi Fubara, to proceed with the
affairs of the state.

 

The President, in a statement personally signed by him, said his decision
followed what he described as "a groundswell of new understanding" among
political stakeholders in Rivers State, six months after he proclaimed
emergency rule in the state.

 

 

Tinubu had, on 18 March 2025, invoked Section 305 of the 1999 Constitution
to suspend Governor Fubara, Deputy Governor Ngozi Nma Odu, and the 32-member
State House of Assembly from exercising the duties of their respective
offices.

 

 

The decision came after months of bitter political conflict that paralysed
governance in the state, with the Assembly split between a pro-Speaker bloc
of 27 lawmakers and a pro-governor group of four.

 

The President said the suspension, which lasted six months and expires at
midnight on 17th September, was necessary to avert what he called "a drift
towards anarchy" following the inability of the two arms of government to
work together, as well as the vandalisation of critical economic assets,
including oil pipelines.

 

"From the intelligence available to me, there is now a robust readiness and
potent enthusiasm on the part of all stakeholders in Rivers State for an
immediate return to democratic governance," Tinubu stated.

 

 

With the emergency lifted, Governor Fubara, Deputy Governor Odu, and Speaker
Martins Amaewhule are expected to resume their constitutional roles on
Thursday.

 

The President acknowledged that his proclamation attracted over 40 court
cases in Abuja, Port Harcourt, and Yenagoa, but insisted the measure was
unavoidable given the judgement of the Supreme Court at the time, which
declared that governance had collapsed in Rivers State.

 

"It would have been a colossal failure on my part as President not to have
made that proclamation," he maintained.

 

Tinubu, however, commended the National Assembly for swiftly approving the
emergency declaration in March, as well as the traditional rulers and
residents of Rivers State for their cooperation throughout the period.

 

He urged governors and lawmakers across the country to draw lessons from the
crisis, stressing that democracy could only thrive in an atmosphere of
peace, order, and mutual respect between the executive and legislature.

 

 

"The people who voted us into power expect to reap the fruits of democracy.
That expectation will remain unrealised in an atmosphere of violence,
anarchy, and insecurity borne of misguided political activism," Tinubu
warned.

 

The President concluded by reminding elected officials nationwide that the
dividends of democracy can only be delivered in an environment of stability.

 

There was uneasy calm in Rivers State as the people awaited the return of
Fubara, his deputy, Professor Ngozi Odu, and members of the Rivers State
House of Assembly.

 

The emergency declaration in March 2025 came amid a deep political crisis in
Rivers, characterised by conflict between Fubara and his predecessor and
Minister of the Federal Capital Territory (FCT), Nyesom Wike.

 

Among the flashpoints was the demolition of the House of Assembly complex in
late 2023 and disputes over legislative membership and legitimacy.

 

There were allegations of widespread pipeline vandalisation by militants,
and governance was considered paralysed due to constitutional breaches,
including a Supreme Court decision that later criticised the governor's
handling of the Assembly as tantamount to "despotism", stating that there
was "no functioning government" in Rivers.

 

As part of his measures, Tinubu appointed Vice Admiral Ibok-Ete Ibas
(retired) as the sole administrator to run the affairs of the state during
the emergency. Judicial institutions were left intact.

 

Although the President has not made any formal proclamation ending the state
of emergency in the state, stakeholders have already begun setting an agenda
for Fubara ahead of his return to office.

 

Stakeholders Speak

 

Speaking with LEADERSHIP in Port Harcourt yesterday, national publicity
secretary of the Pan Niger Delta Forum (PANDEF), Omininim Obiuwevbi,
expressed hope that Fubara would do more than he did before his suspension.

 

Obiuwevbi said: "PANDEF believes that a democratically elected governor
should preside over every subnational, or what we call state, in Nigeria.
PANDEF does not believe in military rule. In this regime, PANDEF believes
that things must be democratically handled and in accordance with the
constitution, which is the regulator of every law in Nigeria.

 

"So, as Fubara resumes, we know that the people of Rivers State will
jubilate. We also know that he will do more than he has done before."

 

Also speaking with LEADERSHIP, former member of the House of
Representatives, Hon. Ogbonna Nwuke, advised the governor to ensure that the
state regains its position in the comity of states in the country.

 

Nwuke said: "We expect that, by the grace of God, we will have a state that
is united, a state that is forward-moving and a state that will take its
pre-eminent position within the Nigerian polity.

 

"Rivers people are happy that their elected representatives are coming back,
and the President is keeping to his promise to restore democracy as soon as
the Rivers political class agrees to work together. There is every
indication that the Rivers political class is working together and we have
learnt our lessons," he said.

 

Immediate-past national publicity secretary of PANDEF, Dr Ken Robinson,
advised Fubara to focus on governance and shun sycophants and conflict
instigators who contributed to the state's current situation.

 

"He should focus on governance for the time he has left and discard some of
the sycophants and conflict instigators that have brought all these issues
to Rivers State. Rivers State has lost a lot financially, in terms of
developmental efforts and in terms of resources, due to the crisis.

 

"So, when the governor comes back, his focus should be development; his
focus should be governance. He should avoid all those things that led us
into the crisis," Robinson said.

 

For his part, the president of the Movement for the Survival of the Izon
Ethnic Nationality in the Niger Delta (MOSIEND), Dr Kennedy West, urged the
governor not to allow himself to be hoodwinked by political antagonists.

 

West advised Fubara to complete the legacy projects he began before his
suspension, in order to write his name in gold.

 

He said: "He should not allow himself to be hoodwinked by political
antagonists, whether from the right wing or the left wing. There are so many
projects that have started, and six months was a huge setback.

 

"So, the challenge before him is to finish the legacy projects and still
write his name in gold. He should give rapt attention to the projects, and
to the dreams he has for Rivers people under his administration. He should
understand that what he is going through now is like a crash programme for
him."

 

PDP Chieftain: Fubara Free to Leave Party

 

For his part, a chieftain of the Peoples Democratic Party (PDP), Dr Emma
Okah, said Fubara is at liberty to leave the party and join any other
political platform.

 

Speaking with LEADERSHIP in Port Harcourt yesterday, Okah described the PDP
as a weakened political party that cannot win the presidential or
governorship election in Rivers State.

 

"He (Fubara) has the right to choose any party of his choice. In Nigeria
now, there is no ideology anymore. People go to places where they can win
elections. So, whether he is in APC or PDP, it doesn't change anything. If
he wants to go to APC, I will support him.

 

"PDP is already weakened, and you know how and why. So, as a politician,
sometimes it is best to be as realistic as possible. PDP does not stand a
chance to win at the presidential or governorship level in Rivers State in
2027. That is the truth," he said.

 

Fubara's media aide, Dr Dormene Mbea, said the governor would be fair to all
upon his return.

 

Mbea said: "He is a governor with a large heart. He knows how to ensure that
everybody is happy. He will allow others to get something because he needs
Rivers people. He does not need a divided house."

 

Ex-ACF Scribe Faults Supreme Court For Inaction

 

Meanwhile, a former secretary general of the Arewa Consultative Forum (ACF)
and elder statesman, Anthony Sani, has welcomed the suspension of emergency
rule in Rivers State by President Bola Ahmed Tinubu but faulted the Supreme
Court for not addressing the case filed by some governors.

 

Governors of the opposition PDP had approached the Supreme Court to
challenge the President's power to suspend a democratically elected
governor.

 

He said: "If the state of emergency in Rivers State has stabilised and
brought normalcy to the politics of Rivers State, there is nothing wrong in
the President's decision not to extend the emergency, whose aims and
objectives have come unto their own.

 

"My only grouse is with the Supreme Court which has not addressed the
concerns by some governors as to whether the emergency was constitutional or
not. The Supreme Court's judgement would have improved the rule of law in
our multiparty democracy."

 

On his part, a former local government chairman of Khana in Rivers State,
Marvins Yobana, called on all stakeholders to embrace peace and
reconciliation to move forward.

 

Speaking on a TVC programme yesterday, he said the governor of Rivers State
should be able to call the sole administrator to explain if there is any
need for such.

 

He however said if there are no infractions the governor does not need to
seek a probe of the sole administrator's tenure.

 

He said a lot of healing has to take place, especially in the state
assembly, for the state to move forward.

 

Read the original article on Leadership.

 

 

 

 

Nigeria: CBN Mandates Banks to Announce Successor CEOs Six Months Ahead of
Exit

The Central Bank of Nigeria (CBN) has issued a fresh directive to all
domestic systemically important banks (DSIBs), mandating them to announce
the appointment of successor chief executives at least six months before the
end of the tenure of the incumbent Managing Director/Chief Executive Officer
(MD/CEO).

 

The directive was contained in a circular issued yesterday by the Director
of Financial Policy and Regulation Department, Dr. Rita I. Sike, to the
affected institutions, underscoring the regulator's commitment to promoting
stability in the financial system through effective corporate governance
practices.

 

 

According to the circular, Section 2.14 of the CBN Corporate Governance
Guidelines for Commercial, Merchant, Non-Interest, and Payment Service Banks
in Nigeria (2023) requires bank boards to approve succession plans for
managing directors/Chief Executives, executive directors, and senior
management staff.

 

This, the apex bank noted, was aimed at minimising disruptions at the top
management level, preparing appointees adequately for new responsibilities,
and mitigating risks associated with abrupt leadership changes.

 

It stated: "Section 2.14 of the Central Bank of Nigeria (CBN) Corporate
Governance Guidelines for Commercial, Merchant, Non-interest, and Payment
Service Banks in Nigeria, 2023, requires boards of commercial, merchant,
non-interest, and payment service banks to approve succession plans for
their Managing Directors/Chief Executive Officers (MD/CEO), other EDs and
senior management staff.

 

 

"This requirement seeks to minimise disruptions at the top management level,
enable top management appointees to prepare adequately for their new roles,
and generally mitigate risks associated with abrupt changes in leadership.

 

"In recognition of the critical role that DSIBs play in sustaining financial
system stability, the CBN hereby reiterates the importance of effective
succession planning in these institutions.

 

"Consequently, and in line with good corporate governance practice, each
DSIB is hereby required to: Ensure it obtains regulatory approval for the
appointment of a successor Managing Director (MD/CEO) not later than six
months to the expiration of the tenor of the incumbent MD/CEO.

 

"Publicly announce the appointment of the successor MD/CEO not later than
three months to the planned exit of the incumbent MD/CEO."

 

Read the original article on This Day.

 

 

 

Rwanda: Eastern Province Farmers Pin Hopes On New Liquid Nitrogen Plant

In Karushuga village, Nyagatare District, dairy farmer Peter Maridadi has
spent years trying to improve his herd. He has relied on natural breeding,
but the results have often been disappointing--unpredictable bulls, weak
calves, and low milk yields.

 

"Bulls need constant follow-up for years before you know their worth," he
said. "Most times, they never meet our expectations. With quality semen, we
expect stronger breeds and better production."

 

Farmers like Maridadi may soon get relief. A new liquid nitrogen plant worth
nearly Rwf 2 billion is set to be built in Kayonza District, at the heart of
the Eastern Province. Once complete, it promises to transform dairy farming
by giving farmers reliable access to artificial insemination services and
stronger cattle breeds.

 

 

Liquid nitrogen is critical for preserving bovine semen at ultra-low
temperatures of -196°C, allowing insemination to be carried out effectively.
Until now, farmers in the East, the country's largest livestock hub, have
struggled with storage shortages and unreliable access.

 

Another farmer from Nyagatare recalled the frustrations of waiting for
veterinary officers.

 

"You call the vet, but they are busy somewhere else. By the time they come,
the cow is no longer in heat," he said. "Even after paying, insemination may
fail. Having semen stored nearby will be a big help."

 

Currently, Rwanda's existing plants produce about 20 liters of liquid
nitrogen per hour, mainly from RAB's Songa Station in Huye District. The
Kayonza facility will nearly double that, producing 45 liters an hour, and
shorten the distance farmers must travel for services.

 

 

ALSO READ: Why Rwanda seeks to increase organic fertiliser production

 

Dr. Solange Uwituze, Interim Director General of the Rwanda Agriculture and
Animal Resources Board (RAB), said Kayonza was chosen strategically for its
central location.

 

"This plant will complement those in Kigali and Huye, ensuring national
coverage," she said. "It will cut transport costs, reduce delays, and give
Eastern Province farmers faster, more reliable access to services."

 

For farmers, the impact could be life-changing. Artificial insemination
improves cattle genetics, increasing milk production and herd resilience.
Already, Rwanda has seen progress: 109,209 cows were inseminated in the
2023/2024 fiscal year, while national milk production has climbed from 776
million liters in 2017 to one billion liters today.

 

Government programs like Girinka, which has distributed cows to thousands of
families, and the Rural Development Dairy Program (RDDP2), which invests in
fodder, water facilities, and veterinary services, have laid the groundwork.
The Kayonza plant adds another critical link in the chain--one that farmers
hope will finally tip the balance in their favour.

 

ALSO READ: Rwanda set to introduce agrihubs, food basket sites in new
strategy

 

"I believe this will be a turning point," Maridadi said with cautious
optimism. "With better breeds, our cows will give us more milk, and that
means more income for our families."

 

Read the original article on New Times.

 

 

 

 

South Africa: Commuters Scramble As 30-Day Taxi Shutdown Begins

Ten routes from Khayelitsha to Somerset West suspended amid escalating
violence

 

A 30-day suspension of taxi routes running from Khayelitsha to Somerset West
came into effect on Wednesday.

This comes after eight people have been killed in violence between taxi
associations CODETA and CATA.

Workers and learners will have to rely on overcrowded buses or an extensive
detour by train.

Hundreds of people had their daily commute from Khayelitsha to Somerset West
disrupted on Wednesday as a 30-day suspension of taxi routes came into
effect.

 

The Western Cape Mobility Department decided to suspend ten routes by
invoking Section 91 of the National Land Transport Act, amid escalating
violence between warring taxi associations, the Cape Organisation for the
Democratic Taxi Association (CODETA) and the Cape Amalgamated Taxi
Association (CATA).

 

 

Eight people have been killed: six were killed in incidents between 23 and
26 August; a taxi boss, who was also a SAPS officer, was killed in Somerset
West on 4 September; and another taxi boss was killed in Browns Farm on
Tuesday.

 

Routes and some taxi ranks were closely monitored by police and law
enforcement officers. Operators who defy the suspension face fines of up to
R5,000 or six months in prison. At least six taxis were impounded on
Wednesday for breaking the rules.

 

The Western Cape government has advised commuters to use either buses or
trains. But there is no direct train line from Khayelitsha to Somerset West.
Commuters would have to go to Bellville first to get onto the Northern Line
to Somerset West. Golden Arrow Bus Services has made more buses available on
its Somerset West route.

 

Workers and learners trying to get to Somerset West on Wednesday told
GroundUp they had to wait at bus stops far from their usual pick-up points,
with some waiting for hours to get to work or school. Others stayed home out
of fear that taxi violence could erupt again.

 

 

Noluthando Tonjeni, who works in Somerset West, said buses arrived late and
were mostly full. A two-hours wait for a bus made her late for work on
Wednesday morning.

 

"Because this was the first day, I asked my two children, who also attend
school in Somerset West, not to go to school because I did not know what to
expect. They will remain at home until I am satisfied that the situation is
calm," she said.

 

Another commuter, Masibongwe Thembeni, said he worried the suspension could
drag on beyond 30 days.

 

"When these two taxi associations fight over routes, the victims are
commuters. I am late for work because no direct trains are going to Somerset
West," he said.

 

Zuki Nkola, who sells food near Nomzamo Taxi Rank, said that without her
taxi driver customers she fears she won't be able to pay for school
transport, food or contribute to her stokvel at month-end.

 

Mamngwevu Bhekameva, who sells muffins and vetkoek, also said she had no
customers. "My food is still here because the commuters are not available to
buy them ... I want the taxi drivers to resolve their differences and
forgive each other."

 

The mobility department said in a statement: "We cannot allow our
communities to be held hostage by ongoing violence in the taxi industry.
Violence will never deliver the results you seek. Only through negotiations
and agreement can this industry find lasting stability."

 

CODETA spokesperson Nceba Enge said the conflict with CATA was caused by the
department's "failure" to issue proper permits. CODETA holds the permit to
operate on route 611 from Khayelitsha to Somerset West, but CATA continues
to transport passengers on the same corridor illegally, he claimed.

 

CATA had not responded to GroundUp at the time of publication.

 

The mobility department was asked to comment on CODETA's claims, but
responded only with a media statement, which did not answer our questions.

 

A meeting planned for Tuesday evening between the department, CODETA and
CATA was cancelled at short notice. Enge said CODETA was not informed of the
reasons for the cancellation.

 

Read the original article on GroundUp.

 

 

 

Uganda: Bunyoro, Tooro Local Governments Call for Increase in Road Funds

Local leaders from Bunyoro and Tooro regions have urged government to revise
its road rehabilitation funding formula to reflect district size, terrain,
and road network coverage, rather than distributing equal amounts across the
country.

 

The demand was made during a two-day regional budget conference in Hoima
City, organized by the Ministry of Finance, Planning and Economic
Development.

 

The meeting brought together political and technical officers from Masindi,
Buliisa, Masindi Municipality, Kagadi, Kakumiro, Kibaale, Kabarole and Fort
Portal City.

 

 

Kibaale District Chairperson Godfrey Muwonge questioned why all districts
are allocated the same Shs1 billion annually for road rehabilitation,
regardless of need.

 

"Government should fund equitably, not equally. Some districts have a much
bigger road network and require more resources," he said.

 

Kagadi District Chairperson Yosia Ndibwami echoed the concerns, noting that
his district--with 26 sub-counties and nine town councils--cannot maintain
its entire network with the flat allocation.

 

"The one billion shillings given to Kagadi cannot even rotate across the
district in one financial year. It does not consider our size, topography or
demographics," he said.

 

Civil society also weighed in. Eric Odongo of the Civil Society Budget
Advocacy Group (CSBAG) said the "one-size-fits-all" approach disadvantages
large districts.

 

"Some districts have extensive road networks, others much smaller, yet
government allocates the same figure. This is unfair and needs urgent
review," Odongo stressed.

 

 

Beyond road maintenance, delegates raised concerns over inadequate school
infrastructure and lack of facilitation for service delivery workers,
challenges they said are crippling local governments.

 

Richard Rwabuhinga, President of the Uganda Local Governments Association
and Kabarole District Chairperson, highlighted widespread funding shortfalls
across local governments nationwide.

 

Responding to the concerns, John Muheirwoha, Commissioner for Budget Policy
and Evaluation at the Finance Ministry, said the conference provided a
platform for consultation on key service delivery issues.

 

Representing Finance Minister Matia Kasaija, Muheirwoha assured participants
that their input would shape the 2026/2027 budget strategy.

 

"We have taken note of the concerns. This process allows us to capture
critical issues from local governments for proper planning," he said.

 

However, he cautioned districts to align their budget proposals with the
national framework to ensure efficiency in resource allocation.

 

Read the original article on Nile Post.

 

 

 

Could the US interest rate cut boost the housing market?

A picture taken with a drone shows single-family homes in Woodbridge,
Virginia, USA, 02 January 2024.

Aileen Barrameda is planning to buy a house in Los Angeles in the coming
months. Stubbornly high mortgage rates - twice what she locked in at the
start of the coronavirus pandemic - are not putting her off.

 

"If I have the means to get in the market, I might as well get in now,
because homes are just going to get more expensive," Aileen said.

 

The cost of housing is a key concern among Americans and a political talking
point. US President Donald Trump had raised hopes that interest rate cuts
from the Fed would help Americans get mortgages.

 

The average rate on the 30-year mortgage, the most popular home loan in the
US, fell to 6.35% last week, according to Freddie Mac. This marked the
largest weekly decline in the past year and the lowest level in 11 months.

 

However, for buyers like Aileen, borrowing costs are not guaranteed to come
down much more than they already have despite the Federal Reserve's interest
rate cut on Wednesday.

 

 

Aileen Barrameda A woman wearing a black shirt and white pants poses on the
sidewalk of a tree-lined residential street, next to a parked white
car.Aileen Barrameda

Aileen Barrameda, who is looking to buy a house in Los Angeles, stands on a
residential street in the US city.

The Federal Reserve's interest rate decisions do not directly affect
mortgage rates. But they do affect what banks charge each other to borrow
money.

 

That then influences what banks charge their own customers for loans such as
mortgages as well as the interest rate they pay on savings.

 

However, US banks had already cut mortgage rates in anticipation of the Fed
rate cut that happened this week, meaning mortgage rates may not fall much
further. Prospective home buyers waiting for substantially more easing might
be disappointed.

 

Fed chair Jerome Powell, speaking to journalists on Wednesday, said as much.

 

"Most analysts think it would have to be pretty big change in rates to
matter a lot for the housing sector," he said, while acknowledging that
lower interest rates might boost demand and help builders.

 

Meanwhile, the risk of rising inflation could push mortgage rates up if
banks anticipate this means the Fed will not cut rates any further any time
soon. The Fed and other central banks tend to avoid cutting borrowing costs
up if they feel inflation is too high.

 

"I do think that people are expecting a big impact from this," said Nicole
Stewart, a real estate agent with Redfin in Boise, Idaho, referring to the
Fed's rate cut this week.

 

"I've been trying to inform most of my buyers, as well as my sellers, that
we've already seen the majority of what's going to happen."

 

 

Fed Reserve cuts interest rates but cautions over stalling job market

Poorer Americans hit hardest as tariffs fuel price rises

Senate clears Trump pick Miran to Fed board ahead of key interest rate vote

Ms Stewart said a fall in mortgage rates over the past month has encouraged
some buyers. Over the span of just one weekend earlier this month, Ms
Stewart wrote four offers and put three deals under contract.

 

"A huge increase from anything in past few years", she said.

 

But the US housing market remains unaffordable for many people. That issue
is unlikely to be resolved by future Fed decisions, or by the recent dip in
mortgage rates.

 

Many homeowners secured unusually low mortgage rates - in the 3% range - at
the height of the coronavirus pandemic, which they are hesitant to give up
by selling their home. As such, homeowners who might otherwise downsize are
choosing to stay put, reducing the amount of housing available for purchase
and driving up home prices.

 

Roughly 80% of mortgage borrowers have locked in a rate below the current
average of 6.35%, said Julia Fonseca, an associate finance professor at the
University of Illinois Urbana-Champaign.

 

While every decline in mortgage rates helps loosen the market a little bit,
there are no signs of substantial relief on the horizon, Ms Fonseca said.

 

"We might be still a long way from normalising these markets," she said.

 

 

Kristin Carlson A woman wearing a black dress poses on a sunny day in front
of a single family house. The house is painted white and has a grassy front
lawn, and there is an American flag hanging out front.Kristin Carlson

Kristin Carlson, a prospective first-time buyer in the Boise, Idaho area,
stands on a residential street in Nampa, just outside of Boise.

Kristin Carlson, a prospective first-time buyer in the Boise area, has been
scoping out the market for four years, while renting in the meantime.

 

For Kristin, easing mortgage rates in recent weeks means she is "just that
much closer to pulling the trigger". She said she is eager to purchase soon,
to get ahead of a possible scenario in which rates fall substantially
further, spurring more competition.

 

Borrowing costs are factoring into Ms Carlson's thinking when it comes to
the type of home that is feasible for her to purchase - the neighbourhood,
the size, the quality of the builder.

 

Still, mortgage rates are taking a backseat to other considerations,
including seasonality and finding a home that is the right fit for her
needs.

 

Modestly lower mortgage rates are offering some relief and spurring activity
among buyers, said Matt Vernon, the head of consumer lending at Bank of
America. But bigger picture, the dip is not set to be enough to fix a
housing market under strain.

 

"There's cautious optimism that we're headed in the right direction," Mr
Vernon said.

 

"I don't think it's necessarily changed buyers' perception of the challenges
in the market, but it's certainly got their attention."-BBC

 

 

 

 

Facebook owner unveils new AI-powered smart glasses

Meta boss Mark Zuckerberg unveiled the new smart glasses on Wednesday

Meta has unveiled a new range of smart glasses powered by its artificial
intelligence (AI) tech, as it expands its bet that they will be a must-have
accessory for users around the world.

 

At its annual developers conference "Meta Connect," the social media giant's
boss, Mark Zuckerberg, announced an array of devices in partnership with
sunglasses brands Ray-Ban and Oakley.

 

The firm also introduced a so-called neural wristband that pairs with its
Meta Ray-Ban Display glasses to allow users to carry out tasks like sending
messages with small hand gestures.

 

The event comes as the Facebook, Instagram and WhatsApp owner faces ongoing
scrutiny over the impact of its products, particularly on children.

 

 

He called the technology a "huge scientific breakthrough" before an audience
of hundreds gathered on the company's Silicon Valley campus.

 

The Meta Ray-Ban Display comes with a full-colour high-resolution screen in
one lens where users can conduct video calls and see messages. It also
features a 12-megapixel camera.

 

Mr Zuckerberg hopes Meta's line of smart accessories will be a key platform
for integrating its artificial intelligence tool, Meta AI, into people's
lives.

 

Analysts say smart glasses are likely to be more successful than the firm's
multi-billion dollar Metaverse project - virtual worlds to connect users
across digital environments.

 

"Unlike VR headsets, glasses are an everyday, non-cumbersome form factor,"
said Forrester VP, Research Director Mike Proulx.

 

But, he added, "the onus is on Meta to convince the vast majority of people
who don't own AI glasses that the benefits outweigh the cost."

 

Reuters Meta CEO Mark Zuckerberg leaves a pink and purple-lit stage wearing
the new Oakley Meta Vanguard glasses after the end of the presentation of
the new line of smart glasses.Reuters

Mark Zuckerberg also unveiled the Oakley Meta Vanguard smart glasses

 

The company said it does not discuss sales information but it is understood
to have sold around two million pairs of smart glasses since it entered the
market in 2023.

 

The Display will be available this month and sell for $799 (£586), hundreds
of dollars more than Meta's current smart glasses.

 

Leo Gebbie of CCS Insight said he is sceptical that it will gain as much
traction as Meta's other smart glass models.

 

"The Ray-Bans have done well because they're easy to use, inconspicuous and
relatively affordable," Mr Gebbie said.

 

Mr Zuckerberg also unveiled $499 Oakley Meta Vanguard glasses, which are
aimed at sports enthusiasts, as well as the second generation of the Ray-Ban
Meta glasses, priced at $379.

 

Meta is currently in the middle of a massive spending spree as it bolsters
its AI operations.

 

Mr Zuckerberg said in July that the company would spend hundreds of billions
of dollars on building sprawling AI data centres in the US.

 

One of the sites is expected to cover an area that is nearly the size of
Manhattan.

 

That AI infrastructure investment is complemented by huge spending on hiring
top talent away from rival companies.

 

Meta has said it would develop what it called "superintelligence," AI
technology that can out-think human beings.

 

Parents protest

Earlier on Wednesday, activists and family members of suicide victims
protested at Meta's New York headquarters, demanding more safeguards for
children on social media platforms, including those owned by the company.

 

Last week, two former Meta safety researchers testified before the US Senate
that Meta covered up potential harms to children stemming from its virtual
reality products.

 

Jason Sattizahn and Cayce Savage said the company told in-house researchers
to avoid work that could produce evidence of harm to children from its VR
products.

 

Meta has denied the allegations and called the claims "nonsense."-BBC

 

 

 

 

US firms pledge £150bn investment in UK, as Starmer hosts Trump

The announcement, which coincides with President Donald Trump's state visit,
follows a series of big tech firms, including Microsoft and Google, pledging
to spend billions of pounds in the UK.

 

It is part of a wider plan by the UK to deepen economic ties with the US.
However, some industries, such have steel, have been dealt a blow in recent
days with a proposed deal to cut tariffs shelved.

 

Several major pharmaceutical companies, such as Covid-vaccine maker
Astrazenca, have also halted investment plans, claiming the UK was an
"increasingly challenging" country to do its business in.

 

 

On Thursday, UK and US investors will meet Sir Keir Starmer and Trump at the
prime minister's country house Chequers to discuss economic deals.

 

The vast majority of the £150bn investment - £90bn - will come from
Blackstone over the next decade. The US private equity firm announced in
June it would spend £370bn across Europe over 10 years.

 

Microsoft has pledged to spend £22bn in the UK over the next four years,
while Google is to invest £5bn over the next two years to expand an existing
data centre in Hertfordshire.

 

Starmer said the investments were "a testament to Britain's economic
strength and a bold signal that our country is open, ambitious, and ready to
lead".

 

While it is hoped the investments will generate thousands of jobs in the
years ahead, it comes at a time when domestic businesses appear to be
slowing investment due to higher running costs.

 

The number of people on UK payrolls has fallen by an estimated 127,000
employees in the year to August, according to the Office for National
Statistics. Vacancies were down by 119,000 (14%) in June to August 2025 from
the level of a year ago.

 

Many firms have blamed increasing costs, such as having to pay more in
National Insurance and the minimum wage, as reasons for slowing investment.

 

In recent days, pharmaceutical companies have highlighted other challenges
to investing in the UK. US giant Merck rowed back on a plan to invest £1bn
after blaming successive governments for undervaluing innovative medicines.
Instead, it will move research to the US.

 

AstraZeneca then paused plans to invest £200m at a Cambridge research site,
a project expected to create 1,000 jobs. It has also switched investment to
the US.

 

Donald Trump's second UK state visit: Here's what we know

 

Boeing has said it will convert two 737 aircraft in Birmingham for the US
Air Force, which would be the first USAF aircraft built in the UK for more
than 50 years

Business and Trade Secretary Peter Kyle said the planned investment
reflected growing confidence in the UK's industrial strategy.

 

"These record-breaking investments will create thousands of high-quality
jobs across the UK," he said.

 

But former Deputy Prime Minister Sir Nick Clegg, who also used to be
Facebook's president of global affairs, told the BBC's Today programme that
the investment was "crumbs from the Silicon Valley table".

 

He called for "some perspective" to be applied to the "hype", and that the
deal did not solve the UK's "perennial achilles heel", which was that
British start-ups tended to end up in the US as they seek investment.

 

"Not only do we import all their technology, we export all our good people
and good ideas as well," he said.

 

He said the UK had to learn to "stand more on our own two feet", rather than
"cling on to Uncle Sam's coat tails".-BBC

 

 

 

 

Scotch whisky wants a pass on US tariffs. But why should Trump give it?

The United States is the biggest export market for Scotch whisky.

Donald Trump is back in the UK and in Scotland eyes are focused on what he
might do about import taxes on Scotch whisky.

 

The Scottish government is seeking a reduction or removal of the 10% tariff,
which the whisky industry says costs businesses £4m per week.

 

Scotland's national drink is a standout success story as a traded product.

 

It is a form of liquid currency available in any country that allows alcohol
- with its origins limited to one small country.

 

Whisky has grown to become an important part of Scotland's and the UK's
trade story.

 

It is by far the biggest export in food and drink and it plays a clear role
in Scotland's tourism offer.

 

 

 

This week in particular, whisky stands as a challenge to Donald Trump and
his US administration - will they make an exception for the product that
represents the foreign nation which the US President holds dearest?

 

Could this be the commodity, and could the state visit be the moment, to
start dismantling the more damaging aspects of these current tariff wars?

 

The looming threat of further trade taxation hangs over single malt whisky,
which was subject to a 25% rate during Trump's first presidency. A deal
struck to suspend that levy during Joe Biden's time in office is due to
expire next summer.

 

The Scotch Whisky Association (SWA) has called for the UK and US governments
to agree a permanent settlement to ensure the higher rate is not reimposed,
potentially on top of the current 10% tariff.-BBC

 

 

 

 

 

 

Fed Reserve cuts interest rates but cautions over stalling job market

It's finally happening.

 

After months of economic debate and mounting attacks from US President
Donald Trump, the US central bank cut interest rates on Wednesday.

 

The Federal Reserve said it was lowering the target for its key lending rate
by 0.25 percentage points. That will put it in a range of 4% to 4.25% - the
lowest level since late 2022.

 

The move - the bank's first rate cut since last December - is expected to
kick off a series of additional reductions in the months ahead, which should
help bring down borrowing costs across the US.

 

 

But today's move carries a warning about the economy, reflecting increased
consensus at the Fed that a stalling job market needs a boost in the form of
lower interest rates.

 

"Unemployment is still low but we're seeing downside risks," Federal Reserve
chairman Jerome Powell said at a news conference after the announcement.

 

That compared to the Fed's July update which described the job market as
"solid".

 

Wednesday's cut was supported by 11 of the 12 voting members on the Fed's
commitee. Stephen Miran, who is on temporary leave from his post leading
Trump's Committee of Economic Advisers, voted for a bigger 0.5 percentage
point cut.

 

In many ways, it is no surprise that the Fed, which sets interest rate
policy independent of the White House, is cutting.

 

The inflation that ripped through the post-pandemic economy and prompted the
bank to raise interest rates in 2022 has come down significantly.

 

In the UK, Europe, Canada and elsewhere, central banks have already
responded with lower rates, while the Fed's own policymakers have said for
months that they expected to lower borrowing costs by at least half a
percentage point this year.

 

At the Fed's last meeting, two members of the board even backed a cut.

 

They were outvoted, as other members remained worried that Trump's economic
policies, including tax cuts, tariffs and mass detentions of migrant
workers, might cause inflation to flare back up again.

 

And it's true that the US in recent months has seen inflation tick higher.
Prices rose 2.9% over the 12 months to August, the fastest pace since
January, and still above the Fed's 2% target.

 

But in recent weeks, those concerns have been eclipsed by weakness in the
labour market. The US reported meagre job gains in August and July and an
outright loss in June - the first such decline since 2020.

 

 

"It really comes down to what we've seen in the jobs market - the
deterioration that we've seen over the past few months," said Sarah House,
senior economist at Wells Fargo, which is expecting rates to drop by 0.75
percentage points by the end of the year.

 

"The Fed knows that when the labour market turns, it turns very quickly, so
they're wanting to make sure they're not stepping on the brakes of the
economy at the same time the labour market has already slowed."

 

Could the US interest rate cut boost the housing market?

Poorer Americans hit hardest as tariffs fuel price rises

Senate clears Trump pick Miran to Fed board ahead of key interest rate vote

 

At the news conference following the announcement, Powell emphasised that
the unemployment rate remained low, at 4.3%, while acknowledging unusual
disagreement among members about what to do next.

 

Forecasts released by the Fed suggest the central bank could lower interest
rates by an additional 0.5 percentage points this year.

 

But seven members see no further need for reductions, while one member - who
analysts said was likely Miran - thinks the rate should drop below 3%.

 

"It's not a bad economy - we've seen much more challenging times," Powell
said. "But from a policy standpoint, it's challenging to know what to do.
There are no risk-free paths right now. "

 

Wednesday's move is unlikely to satisfy the president, who has spent months
blasting the Fed's hesitance to cut rates, which he says should be as low as
1%.

 

On social media, he has called Powell "a real dummy", accusing him of
holding back the economy by leaving interest rates too high for too long.

 

"Too Late" MUST CUT INTEREST RATES, NOW, AND BIGGER THAN HE HAD IN MIND.
HOUSING WILL SOAR!!!" Trump wrote in a social media post ahead of the
meeting, referring to Powell.

 

Trump's pressure is not just rhetorical. He moved quickly to install Miran
in time for this week's meeting after a short-term vacancy opened up last
month.

 

His administration has also threatened Powell with firing and investigation
and is locked in a legal battle over its effort to fire economist Lisa Cook,
another member of the board.

 

 

To critics, Trump's moves amount to an assault on the Fed's independence
that is unprecedented in recent history.

 

Powell spent much of the news conference ducking questions about whether he
agreed.

 

Asked, for example, if he saw the fight over Cook as a threat to the bank's
independence, he responded: "I see it as a court case I think it would be
inappropriate to comment on."

 

But whatever awkwardness in the air at this week's Fed meeting, analysts say
they believe the Fed's decision to cut would have come regardless of Trump's
campaign.

 

"The president's policies are certainly causing the economic activity that
is forcing the hand of the Fed," said Art Hogan, chief market strategist at
B. Riley Wealth.

 

"The president's jawboning of the Fed to lower rates I think has had zero
impact whatsoever."-BBC

 

 

 


 


 


 Invest Wisely!

Bulls n Bears 

 

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

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INVESTORS DIARY 2025

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


Companies under Cautionary

 

 

 


 

 

 

 


CBZH

GetBucks

EcoCash

 


Padenga

Econet

RTG

 


Fidelity

TSL

FMHL

 


 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

 


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

 


 

 


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<mailto:bulls at bullszimbabwe.com> bulls at bullszimbabwe.com Tel: +27 79 993
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