Major International Business Headlines Brief::: 20 April 2023

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Major International Business Headlines Brief::: 20 April 2023 

 


 

 


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ü  Kenya: Women Using Merry-Go-Round Savings to Access Clean Energy in
Mitigating Climate Change

ü  Kenya: Nairobi Ranked 4th Richest African City, 74th Globally

ü  Africa: Rail, Maritime Infrastructure Investment Needed for Africa to
Thrive

ü  Uganda: Uwa Optimistic Visitors to Uganda's National Parks Will Hit a
Record High This Year

ü  NIPDB and World Bank Group Join Forces to Tackle Financing Challenges for
MSMEs

ü  Kenya: Reprieve for Farmers as UK Commissions Avocado Oil Extraction
Facility in Kisii

ü  Kenya: Govt to Intensify Efforts in Bringing Down Cost of Food

ü  Kenya: Innovation Body Unveils Digital Marketplace for Innovators

ü  Kenya: Export Agency Meets EU to Discuss Market Opportunities

ü  South Africa: Inflation Rate Rises to 7.1 Percent

ü  Tesla says prices will continue to "evolve"

ü  Facebook owner Meta sees latest layoffs begin

ü  KitKat maker Nestle urged to cut unhealthy food sales

ü  Fox News settles Dominion defamation case for $787.5m

ü  UK inflation: Supermarkets say price rises will ease soon

 


 

 


 

 

 

 <mailto:innovatorsforum at zitf.co.zw> Kenya: Women Using Merry-Go-Round
Savings to Access Clean Energy in Mitigating Climate Change

Kisii — For decades, Women and girls living in the rural areas in the
Sub-Sahara Africa face challenges of Lack of access to clean energy and this
has affected their health, economic conditions and contributes to climate
change.

 

These women and girls face discrimination by spending hours traveling for
kilometers to collect, chop wood and buy kerosene to cook for their families
as men and boys chase their careers and businesses for economic empowerment.

 

Mary Moraa from Emborogo village, Nyaribari Masaba constituency used to wake
up at exactly 4:30 am to prepare breakfast for her three children, she would
light fire in one of the rooms which serves as a kitchen and a bedroom for
her two girls, it took her about an hour to prepare porridge and a snack for
her children and at exactly 6:00am they step out for school.

 

Moraa is left to perform house chores before she packs some breakfast for
her husband and joins him in the farm which is their main source of income.

 

 

"At around 11:30 I would break and go back to the house to prepare lunch for
the children before they could come home for a meal, and at 12:45 lunch is
ready," says Moraa

 

Since she was 12 years, 45 -year-old Moraa has been using a three stone
cooker and wood to prepare meals for her family spending several hours
collecting firewood and getting into the kitchen was difficult; spending
extra hours in the smoke to cook for her family since she was 12 years, this
was her role as a young girl and now a wife.

 

The smoke from the burning wood irritated her eyes and chest, this made her
sneeze and cough, smoke would increase gradually especially when the wood
was wet.

 

"During evening hours, I would get to the kitchen as early as 5:00pm to
start preparing for supper and spends several hours cooking and when caught
up with darkness, I lit up a kerosine lamp to provide me with light as I
finished cooking as my husband helped the kids with homework" she adds.

 

 

After clearing the dining, she could help the kids get to bed and then clean
the utensils before retiring to bed. This was a life Moraa and other women
in this village were used to, a life of polluted fuel from their houses
which affected their health conditions due to economic hardships to get
clean energy for cooking and lighting.

 

Turning a savings group into a clean energy project.

 

Moraa and other women in the village had a merry-go round savings project
for contributions to purchase household and food stuffs such as utensils and
beddings, cooking oil, sugar, rice and washing soup.

 

"We opted to use the group to purchase cooking gas for each member, with 20
members we decided to purchase two cooking gas cylinders for two members per
month," says the group chairlady Hildah Nyaboke.

 

 

Nyaboke says, after members raised concerns of using the group to purchase
six kilograms fof gas cylinders, members recommended for the implementation
of this idea and this took them 10 months to purchase gas cylinders for each
member in their group.

 

"With limited laws we are not able to add new members till five years elapse
then we will open room for new members," Nyaboke says.

 

Members also came up with the idea of acquiring solar panels to help them
light their homes instead of using kerosine to perform chores in the
evening.

 

Nyaboke says, members agreed to increase their contributions from Sh500 to
Sh700 to enable them purchase and install the solar panels.

 

"We have purchased and installed the solar panels for six of our members and
we are hoping by the end of this year, everyone is sorted with the solar
panels to make it easy for them while carrying their daily activities," she
states.

 

Judy Nyakerario one of the solar panel beneficiaries says, she no longer
hurries to get home from her shop to go and cook for the family before
darkness gets in, she is able to extend her business to 8:00pm, the goes
home to cook for her family.

 

"I spend at most 30 minutes in the kitchen to prepare and serve a meal to my
family, the children are able to extend their studies up to 10.00 pm because
we have power supply thought the night" says Nyakerario.

 

Nyakerario has now opened a salon and a barber shop outside her home
compound, here she also does phone charging with some small costs and the
whole business has boosted her earnings, she says she is able to pay fees
for her children and even purchased a cow which gives them milk.

 

"For a few of us who have received the solar panels and the cooking gas
cylinders, life has changed and we are able to take care of our families,
saving a lot of time we used to waste walking for kilometers to fetch
firewood," said Nyakerario.

 

More the 40 percent of the world's population does not have access to clean
fuels for cooking and 10 percent does not have access to electricity.

 

Innovation and digitalization of clean energy are key components in energy
transition to renewable energy.

 

Sensitization on the importance of green energy

 

Kisii Women representative Dorice Aburi has already sensitized a number of
these women on the effects of tradition sources of energy such as wood to
their health and says solar energy provides clean, reliable, and affordable
electricity for lighting, cooking, and powering other appliances,

 

The women rep who is currently implementing a project of Donya charity
mission to help the vulnerable in the villages says during these meetings
she empowers these women with knowledge on the importance of clean energy to
the environment and to their health living.

 

This reduces the need for kerosene lamps, wood stoves, and other traditional
energy sources that contribute to emission of greenhouse gas.

 

The Women rep has empowered these women with the knowledge on biogas plants
which are produced by the anaerobic digestion of organic waste such as
manure and kitchen waste. she says Biogas can be used for cooking and
lighting, reducing the reliance on wood fuel and charcoal, which contribute
to deforestation and greenhouse gas emissions.

 

"Renewable energy improves the health of these women and their families by
reducing exposure to indoor air pollution from traditional stoves such as
traditional ways of three stone cookers," says Dorice Aburi

 

She noted, young girls are able to access education like boys by studying
longer from their well-lit homes and this will help them improve their
academic performance.

 

County government to provide echo friendly stoves for clean energy

 

Kisii County Minister of Environment water, energy, Natural resources and
climate change Ronald Nyakweba says the county assembly already passed the
climate change bill which will be driven by three committees to spearhead
activities of creating awareness, sourcing for funds, mitigating and
responding to effects of climate change

 

Further, Nyankweba says the county has entered a memorandum of understanding
with an NGO which will provide echo friendly stoves which do not emit carbon
and its targeting 200 households in the county. The echo friendly stoves
will be going for Ksh.200 from the Ksh.2000 market price

 

"Members of staff have already been trained and they are going to provide
these stoves to the vulnerable in the villages This will reduce carbon
emission to up to 50% as a way of mitigating climate change," says the
minister.

 

The committee will help us unlock the flocked funds from the National
Treasury and the county is expected to get Sh32 million which will help them
conduct climate change activities.

 

The county is in discussions with donors to provide them with solar panels
which they will use to power all health facilities in mitigating climate
change.

 

The ministry of energy study on Kenya's household cooking sector study
indicates there are efforts to transform the cooking sector from the highly
dependent from traditional cooking to clean cooking solutions.

 

The study shows 80 percent of an estimated 6.2 million households use only
one cooking option solely on charcoal or firewood.

 

Kenya's National Development contributions (NDCs) in renewable energy.

 

President Willian Ruto reiterated Kenya's commitment to transitioning to 100
percent green energy by 2030 to mitigate climate change.

 

"It's not too late to respond and tackle this threat of climate change I ask
everyone to act urgently to keep global heating levels below 1.5 degrees
Celsius to help those in need and end addiction to fossil fuels," says
President Ruto

 

He challenged African countries to take action against climate change with
their immense potential for renewable energy by reducing costs of renewable
energy technologies and making this the most viable energy source.

 

The president noted Kenya is in transition to clean energy that will support
jobs, local economies, and sustainable industrialization.

 

Kenyan government has already announced plans of moving the country into 100
percent green energy by 2030 to reduce the country's carbon print by
utilizing solar, wind, hydrogen power and bioenergy.

 

Currently, 73 percent of Kenyans are connected to electricity whose main
source of supply is the geothermal power generation which supplies
low-emission energy for a green recovery in the future.

 

The government has set up a number of projects that will boost its target of
a green energy nation by developing Africa's largest single wind power
facility in Lake Turkana.

 

The government has also invested in the Olkaroia Geothermal power plant in
Naivasha, Nakuru country.

 

Kenya is at 90 percent of renewable energy and its working towards the
realization of full transition, collaborating with other nations to get
support in achieving its goal of improving livelihoods by providing clean
energy to its people.

 

However, the success, land conflict between the indigenous communities and
investors has been a major challenge facing these projects. International
investors are fighting court battles and installed projects.

 

COP27 commitments of renewable energy.

 

During the COP27 conference in Egypt, countries committed to take actions on
climate change, bolster energy security for clean and affordable energy
systems based on renewable energy.

 

Countries reaffirmed their commitments in limiting global temperatures rise
to 1.5 degrees Celsius above pre-industrial levels by cutting greenhouse
emissions and adapt to climate change.

 

New pledges totaling to $230 million were made to the adaptation fund at
COP27 to help vulnerable communities to adapt to concrete solutions of
climate change.

 

Alarming rate of Greenhouse gas hitting new level

 

Carbon dioxide levels increased drastically than the annual growth rate
between 2020 to 2021.

 

World Meteorological Organization (WMO) a global atmosphere watch network
stations shows the levels of carbon dioxide continues to rise in 2022 across
the globe.

 

According to WMO, in 2021, Carbon dioxide concentrations were at 415.7 parts
per million (ppm), methane at 1908 parts per billion (ppb) and nitrous oxide
at 334.5 ppb. The values constitute, respectively, 149 percent, 262 percent
and 124 percent of pre-industrial levels before human activities started
disrupting natural equilibrium of these gases in the atmosphere.

 

African countries account for the smallest share of global greenhouse
emissions at 3.8 percent while China has the highest emissions share with 23
percent, US at 19 percent, while the European Union accounts for 13 percent
of greenhouse emissions.

 

In Africa, South Africa was the most polluting country in Africa in 2020
with 7.62 percent CO2, Libya at 7.38 percent, Equatorial Guinea 7.32 percent
Seychelles 4.99 percent, Algeria 3.53 percent and Mauritius 3.13 percent.

 

International Energy Agency (IEA) asserts Africa has 60 percent of the
world's best solar resources but only 1percent of solar generation capacity
in investing in Africa's renewables to achieve its energy and climate goals
,Africa needs $190 million of investment between 2026 to 2030 with two third
of this going to clean energy.

 

Capital FM.

 

 

 

Kenya: Nairobi Ranked 4th Richest African City, 74th Globally

Nairobi — Nairobi is the fourth-richest city in Africa and has a high number
of high-net-worth individuals (HNWI), a new report shows.

 

Kenya's capital center trails Cairo in Egypt at number one, followed by Cape
Town in South Africa (two) and Lagos in Nigeria (three).

 

The latest Henley & Partner World's Wealthiest Cities Report 2023 shows that
the number of HNWI in the nation grew 30 percent in the last decade.

 

It also shows that the East African state has 4,700 U.S. dollar
centimillionaires as well as 11 billionaires.

 

Mombasa is also emerging as a top destination for HNWI, with the coastal
city ranking 93rd globally.

 

Between 2012 and 2022, its HNWI grew by 35 percent, which is even higher
than Nairobi's.

 

Its appearance on the list is attributed to it being a popular tourist
destination that attracts the richest people in the country and globally.

 

 

Globally, New York in the United States is the richest city, followed by
Tokyo in Japan, London in the United Kingdom, Singapore in Singapore, Hong
Kong in Hong Kong, and Sydney in Australia.

 

"New York City wears the crown as the world's top city with the most
millionaires in 2023," the report states.

 

"Seven of the World's Top 10 cities listed are in countries that host formal
investment migration programs and actively encourage foreign direct
investment in return for residence or citizenship rights."

 

The HNWI population data covered 97 cities in Africa, Australasia, the CIS,
East Asia, Europe, the Middle East, North America, South Asia, and Southeast
Asia.

 

The data was supplied by wealth intelligence firm New World Wealth, an
independent wealth research firm that tracks global wealth migration trends
between countries and cities.

 

It tracks the movements and spending habits of over 150,000 HNWI in its
in-house database (with a special emphasis on individuals with over $10
million in investable assets).

 

Capital FM.

 

 

 

 

 

Africa: Rail, Maritime Infrastructure Investment Needed for Africa to Thrive

Deputy President Paul Mashatile says Africa needs to reduce structural and
regulatory barriers in order to unlock investment in road and maritime
infrastructure, and facilitate successful intra-African and global trade.

 

"The quality of much of the continent's maritime, road and railway
infrastructure is less than satisfactory. There are few road links,
generally poor road infrastructure maintenance and limited regional road
linkages throughout the continent's five regions," the Deputy President said
on Wednesday.

 

He was speaking at the African Continental Free Trade Area (AfCFTA) business
forum in Cape Town, where the city is playing host to Africa's biggest
business event to promote private sector participation in the acceleration
of the implementation of the AfCFTA.

 

According to the Deputy President, roads are the predominant mode of
transport in Africa, carrying about 80% of goods and 90% of passengers.

 

 

"Without this infrastructure, rail and maritime trade cannot realise their
full potential. Road transport is therefore an indispensable part of daily
African economic activity and critical to facilitating cross-border trade
and regional integration.

 

"Another impediment we must confront are inefficiencies at border posts,
many official and unofficial inspection points along transport corridors and
low road densities."

 

Despite the obstacles, Mashatile believes the continent is moving in the
right direction towards a "one African market".

 

As of February 2023, he said 47 of the 54 signatories to the AfCFTA have
deposited instruments of ratification.

 

Mashatile believes that Africa is in a process of creating the world's
largest single free trade area, with 1.3 billion people and a gross domestic
product of $3.4 trillion.

 

 

"This represents an important step forward, which must culminate in the
ratification of the AfCFTA instrument by all African Union Member States.
The implementation of the AfCFTA will improve intra-African trade, the
continent's share and participation in global trade, stimulate and improve
her economy as well as contribute to lifting millions of people out of
poverty."

 

The continent has embarked on the gradual elimination of tariffs on 90% of
goods, and the reduction of barriers to trade in services aimed at
increasing Africa's income by $450 billion by 2035.

 

Mashatile believes this will also help to lift between 50 to 100 million
people out of poverty.

 

"This would represent a significant improvement in the economy and the
quality of life of the people."

 

He also cited the Secretary General of the United Nations Conference on
Trade and Development, Rebeca Grynspan, who pointed out that Africa boasts
$21.9 billion of untapped export potential, of which an additional $9.2
billion can be realised through partial tariff liberalisation under the
AfCFTA over the next five years.

 

"I am informed that during the last three days [of the forum], you have had
extensive discussions, which identified more impediments to African trade
and the solutions necessary for implementing the AfCFTA.

 

"The solutions you have identified will hopefully take us a step closer to
the actual investment projects that give renewed meaning to the objectives
of the AfCFTA," Mashatile said.

 

He said gatherings such as the forum ought to serve as launch pads for
long-lasting relations amongst the African business community in pursuit of
practical programmes of economic action.

 

"The AfCFTA will become a 'game changer' to the continent's growth
trajectory, as some conference participants have suggested, if you, the
continent's business community - together with governments and the working
people of our continent - act in unison, refusing to drop the ball."

 

SAnews.gov.za.

 

 

 

Uganda: Uwa Optimistic Visitors to Uganda's National Parks Will Hit a Record
High This Year

Uganda Wildlife Authority has said it is optimistic the number of visitors
to Uganda's national parks will hit a record high this year.

 

"As Uganda Wildlife Authority received 367,869 visitors between January and
December 2022. Before Covid happened, 320,000 visitors is what we had as the
highest number of visitors coming to our protected areas and this was in
2019 but we surpassed this last year," said Dorcus Rukundo Twesigomwe, the
Business Development Manager at Uganda Wildlife Authority (UWA).

 

"367,869 has been the biggest number we have ever registered in the history
of Uganda Wildlife Authority."

 

 

She was speaking during a media breakfast at Skyz Hotel in Kampala.

 

Uganda has 10 national parks, 12 wildlife reserves, 13 sanctuaries and 05
community wildlife areas, all of which are under the Uganda Wildlife
Authority.

 

Domestic tourists rise

 

The onset of the Covid pandemic brought the tourism sector to its knees as
one of the most affected since airports and facilities were closed.

 

However, following the opening of the economy, the country embarked on a
campaign for Ugandans to visit local tourist attractions.

 

Rukundo explained that comparing with pre-covid, 2019 had the highest number
of visitors to Uganda's protected areas ever at 330,000 but noted since the
lifting of the lockdown, the number of visitors has shot up.

 

The UWA Business Development Manager reasoned that the growth in number of
visitors to Uganda's protected areas can be partly explained by the outdoor
experiences for several Ugandans in the country's national parks.

 

 

"Last year we saw many Ugandans choosing to visit our national parks and
other protected areas comparing to the time before Covid. Many people now
choose to visit our national parks when they would probably choose to fly
out of the country."

 

Optimistic

 

The UWA Executive Director, Sam Mwandha said that the country is on course
to beat the number of visitors recorded last year.

 

"For us to reach that number (367,869 visitors), this quarter we are in, we
only need 56,000 visitors and I am confident we will get more than 60,000
and we will go above. Previously, the highest we have got was 330,000 and we
are now saying, we are doing better than ever before,"Mwandha said.

 

Poaching still a menace

 

Whereas the country has taken great strides in increasing the number of
visitors to its national parks and other protected areas, issues like
poaching and human wildlife conflict still pause challenges.

 

"The biggest problem we have with elephants, lions and pangolins is poaching
because people are looking for easy money. The vice of poaching will
unfortunately not go easily. It is like theft that despite many being taken
to prisons, there are still many thieves. What we do is to ensure when we
catch you, you get a big enough punishment to deter you from going
back,"Mwandha said.

 

For example, between July and December last year alone, 7307 poaching
implements and seven guns with 14 live ammunitions were recovered during
operations by UWA personnel.

 

During the same period, 224.15 kilograms of ivory and 1870.5 kilograms of
pangolin scales were also seized.

 

On the other side, there were 3974 cases of human wildlife conflict
reported.

 

"Now that the population for both humans and the wildlife has risen, there
will always be conflict. Wildlife knows no boundaries and what you get is
wildlife crossing to the human habitats,"Mwandha said.

 

 

 

 

NIPDB and World Bank Group Join Forces to Tackle Financing Challenges for
MSMEs

The Namibia Investment Promotion and Development Board (NIPDB) and the World
Bank Group have successfully concluded the Chelete Cage pitch event,
providing a crucial platform for innovative startups and micro, small, and
medium enterprises (MSMEs) to raise funds and meet their capital needs. The
initiative, held recently in Windhoek, marks a significant milestone in the
Namibian Government's efforts to address the persistent challenge of access
to finance that MSMEs face in Namibia.

 

Chelete Cage provided eight (8) investment-ready Namibian MSMEs in the food
processing, cosmetics and manufacturing, tech and logistics industries with
an opportunity to pitch their business concepts for a capital amount of N$30
000, N$20 000 and N$10 000 for their businesses. Additionally, the MSMEs
were offered access to non-monetary support, including guidance on how to
approach potential investors and tips on perfecting their pitch. In the
main, the project aims to empower MSME's and encourage them to take a
critical look at their business models, market positioning, and growth
potential. Through this process, they can identify areas for improvement and
refine their approach, in order to ultimately expand and scale their
operations.

 

The pitching MSMEs were selected from the Know2Grow High Potential Pool (K2G
HPP), a specialised program designed by the NIPDB to assist MSMEs with high
potential to export their products. K2G HPP provides an array of
export–focused capacity building and market access opportunities for
Namibian MSMEs, including initiatives such as Chelete Cage that aim to
unlock access to finance opportunities that will enable businesses to expand
their businesses and export their products into larger domestic and
international markets.

 

The winners of the Chelete Cage Pitch are:

 

Ndaka Mushrooms & Processing by Abner Tomas, awarded first prize of N$
30,000.00.

Ndaka Mushrooms and Processing CC is a company that specialises in
sustainable mushroom farming and processing, offering fresh organic
mushrooms, grow kits, spawns, and short-term training on mushroom
cultivation.

 

Ilotu Investment CC by Mareka Masule, awarded second prize of N$ 20,000.00.

Ilotu is a Namibian-owned company that produces organic and natural
cosmetics and offers fitness and health services to promote holistic
well-being.

 

K12 Edtech Inc by Loide Dawid, awarded third prize of N$10,000.00.

K12 EdTech is an educational technology company that digitises, streamlines,
and automates academic and mundane tasks for kindergarten to senior
secondary education.

 

Speaking about his experience during Chelete Cage, Mr Tomas shared that it
was an eye-opening experience that provided a great networking platform. He
added that the coaching sessions were helpful for his business. "When I was
announced as the winner, I felt grateful and humble. I have used about N$ 10
000 of my winnings to purchase materials which I'm currently using to build
an extra nine (9) square metres mushroom fruiting room, so we increase our
weekly mushroom production. With the remaining amount of N$ 20 000, I plan
to improve our product standards and obtain necessary certifications with
the Namibia Standard Institution (NSI) and the Namibia Agronomic Board
(NAB)." he stated.

 

The winners were selected by a panel of independent judges on the following
criteria:

 

Identification of a clear problem in the market that is being solved

Feasibility of the business

Scalability of the business

Market potential

Sustainability of the business model

Traction and Investment potential

The skills of the team.

Aligned with the NIPDB's mandate to coordinate MSME activities and support
their growth and development across all levers of the economy, the
initiative recognises the critical role that MSMEs play in driving economic
growth and job creation, and the challenges they face in accessing finance
to support their operations. Therefore, Chelete Cage is part of the NIPDB's
initiatives to bridge the access to finance gap and help MSMEs grow. The
next instalment of Chelete Cage will take place later this year.

 

Contact Person:

 

Catherine Shipushu

Senior Manager: Marketing, Branding and Communications Namibia Investment
Promotion and Development Board

 

 

 

 

Kenya: Reprieve for Farmers as UK Commissions Avocado Oil Extraction
Facility in Kisii

Kisii — The British High Commissioner to Kenya, Jane Marriott, and Kisii
County Government have commissioned a 70-tonne avocado oil extraction
project in Kisii County.

 

The newly commissioned factory will utilize avocado sourced locally from
farmers to produce avocado oil mainly for the export market.

 

Speaking during the commissioning of the project in Kisii, the British High
Commissioner in Kenya, H.E. Jane Marriott said, the commissioning of this
facility is a demonstration that, by working in partnership, it is possible
to come up with real opportunities and empower our people to cope with daily
challenges.

 

 

The facility has a capacity to process up to 70 tonnes of avocadoes daily
which will ripen for a period of 7-10 days before the extraction of the oil.

 

The oil will be used for making cooking oil and cosmetics among other
products.

 

The extraction facility will provide opportunity for farmers access markets
for their produce and reduce wastage witnessed previously experienced due to
lack of available markets to sell all the produce hence most of that going
bad resulting to post-harvest loss.

 

The extraction yield will range between 4-10 per cent depending on the
varieties of fruits supplied as raw materials.

 

In addition to increasing farm yields, the project will also enhance the
existing farmer co-operative societies by providing the necessary training
and capacity building to farmers on better farming methods.

 

The investment project is a partnership between the UK Government and
AvoFresh Processors Limited and has been implemented by the UK's Sustainable
Urban Economic Development Programme (SUED) in collaboration with Kisii
County. and Kisii Municipality.

 

 

Value addition

 

Kisii County governor Simba Arati said that his government has negotiated
with investors to put up industries particularly in the area of value
addition to local produce, as a means of improving earnings to farmers and
creating employment.

 

"The avocado is cultivated in nearly every household in Kisii and it has
contributed greatly in improving nutrition and poverty alleviation," he
said.

 

He said his government continues to prioritize investment in programs that
will transform the county into a middle-income economy.

 

The Governor said his government shall strive to create conducive
environment for both local and foreign investors

 

He pointed out that the county is keen on strengthening the avocado value
chain saying that avocado farming was previously done for subsistence
purposes and on a small scale.

 

The Governor noted they had registered the Kisii County Avocado Cooperative
in all the sub counties to enable farmers address the possible challenges
they experienced in their previous value chain such as getting rid of
middlemen.

 

The governor expressed his gratitude to the farmers saying they are the
producers of the fruit needed for the processing of the oil and therefore,
they will receive the support they need.

 

Arati said that his administration will continue coming up with legislation
geared towards creating an enabling environment for other investments.

 

Creation of employment

 

The Project Manager for AvoFresh David Gitonga said that over the past few
months, they have been working closely with the County to actualize the
processing facility by ensuring that farmers within the County are aware of
the processing facility.

 

The UK Government support both technical and financial has enabled us to
reach many more farmers by having in place logistical support to reach some
of the hard to access farmers across the County.

 

" We are happy to see the facility work and serve the farmers as envisioned,
"he said.

 

Capital FM.

 

 

 

 

Kenya: Govt to Intensify Efforts in Bringing Down Cost of Food

Nairobi — The Government will intensify the efforts to bring down the cost
of food in the country.

 

The Cabinet appreciated the fact that the government's interventions have
started to bear fruit, with the prices of basic commodities reducing
significantly.

 

At the Cabinet meeting held today at State House, Nairobi, President William
Ruto said: "Cabinet notes with satisfaction that the interventions have
brought down the price of maize meal to an average of Sh155 from a high of
Sh230."

 

The meeting was optimistic that food prices will continue dipping as a
result of the ongoing rains and the arrival of imported maize in the country
last week.

 

 

The meeting reaffirmed the government's policy of subsiding production and
not consumption, and lauded the continued provision of affordable farm
inputs, including subsdised fertiliser, across the country.

 

With enhanced production coupled with the government's strategic policy
measures, the Cabinet pointed out that Kenya will soon become
self-sufficient in food.

 

Meanwhile, the meeting stated with concern the rising cases of road
accidents in the country.

 

It directed the police and the National Transport and Safety Authority to
rein in on the recklessness on the roads that has resulted in loss of lives.

 

Other issues that the Cabinet considered included the ratification of the
resolutions of the 67th United Nations Commission on the Status of Women,
approval of the Fisheries Policy and the adoption of the resolutions of the
East African Community Council of Ministers that seeks to enhance
integration in the region. - Presidential Communication Service

 

Capital FM.

 

 

 

 

Kenya: Innovation Body Unveils Digital Marketplace for Innovators

Nairobi — The Kenya National Innovation Agency (KeNIA) has launched a new
online marketplace whose purpose is to spur innovation.

 

It hosts 2,000 innovators, investors, and enterprise support organizations
(ESOs) across the country.

 

The platform will help innovators get noticed digitally while also
connecting existing and emerging innovations.

 

KeNIA CEO Tonny Omwansa said that the Kenya Innovation Bridge is a platform
that will enable innovators to scale their innovations into sustainable
businesses.

 

"The aspiration of the Kenya Innovation Bridge is to have a platform where
all elements of the Innovation ecosystem are onboard," Omwansa said.

 

 

"We envision it as a literal innovation marketplace, whether an innovator is
looking for mentorship, partnership, funding or capacity building
opportunities they can find it all there it is a platform of boundless
possibilities," he added.

 

Regions such as the Rift Valley, Western, Lake, and Coastal have already
rolled out the program.

 

Likewise, over 400 connections have been made, and 120 partnerships are
being pursued.

 

"With the innovation bridge platform we hope to see diverse innovations from
all sectors, even in service delivery, because innovation is simply a
different way of doing things," said Emmeline Skinner from the Foreign
Commonwealth Development Office.

 

"Innovation is equitable and Inclusive The intention of the Kenya Innovation
Bridge is to ensure that we leave no one behind. Through the platform we
want to reach everyone including women, youth and People with Disabilities."

 

Capital FM.

 

 

 

Kenya: Export Agency Meets EU to Discuss Market Opportunities

Nairobi — The Kenya Export Promotion and Branding Agency (KEPROBA) met with
the European Union (EU) Trade Counsellors in Nairobi today as it sought
market opportunities for Kenyan products in the EU.

 

State Department for Trade Principal Secretary Alfred K'Ombundo said the
government is rethinking export strategies to ensure SMEs reap big from the
export business.

 

"Kenya is working towards being a 21st century exporter. It is not just
about how we export and trade, we need to provide leadership in terms of the
green economy," K'Ombundo said.

 

"We need to adhere to our international commitments especially in efficient
energy resources use in our production processes. We want to have more
products sold at premium terms in markets across the world," he added.

 

 

On her part, KEPROBA Chief Executive Officer (CEO) Floice Mukabana stated
the collaborations will minimize barriers hindering trade and the EU.

 

"As an Agency mandated to promote the export of Kenyan goods and services,
we remain committed to championing market linkages between the Kenyan
Business community and their EU counterparts," she said.

 

"We will hold more of such meetings to boost collaborations and minimize
barriers hindering trade between Kenya and EU."

 

In 2021, Kenya's exports increased by $263.9 million, up from $1.6 million
in 2020.

 

The value of Kenya's exports to the EU stood at $1.9 billion in 2021.

 

Kenya's imports also fluctuated through the period, from $2.1 billion in
2017 to $2.6 billion in 2021.

 

The EU Trade Counsellor Delegation of the European Union to the Republic of
Kenya, Martijin Boelen, indicated that consumers are sustainability-focused
and thus need to adhere to strict regulations.

 

"There is a huge market in the EU waiting for Kenyan products but as you
trade with us, you need to ensure that everything you produce is
sustainable," Boelen said.

 

"We have strict EU regulations that must be adhered to and consumers
preference is important. You will find that our consumers are more
sustainability focused."

 

Capital FM.

 

 

 

 

South Africa: Inflation Rate Rises to 7.1 Percent

Inflation in South Africa rose to 7.1% in March, Statistics South Africa
(Stats SA) revealed on Wednesday.

 

This means South Africans will pay more for goods, especially food and
non-alcoholic beverages.

 

According to the latest data, headline consumer inflation edged higher to
7.1% in March from 7% in February and 6.9% in January.

 

The monthly change in the consumer price index (CPI) was 1% in March, the
most significant monthly rise since July 2022 when it was 1.5%.

 

"Food and non-alcoholic beverages and transport were the main drivers behind
the annual and monthly increases," the national statistics agency said.

 

 

Food

 

Stats SA said inflation for food and non-alcoholic beverages continued to
accelerate, with prices increasing by 14% in the 12 months to March.

 

"This represents the largest annual increase since the 14.7% rise in March
2009, 14 years ago."

 

In March, milk, eggs, cheese, sugar, sweets and desserts, fruit and
vegetables, and "other food products" experienced upward inflationary
pressure.

 

The milk, eggs and cheese product group witnessed its annual rate reaching
13.6% from the recent low of 3.7% in April 2022.

 

"The reading in March is the highest annual increase since February 2009's
print of 13.9%."

 

Meanwhile, bread, cereals, meat, oils, fats, and fish bucked the trend,
recording slower growth.

 

 

In addition, the annual increase for bread and cereals was 20.3% in March,
down from 20.5% in February.

 

On the other hand, meat inflation edged lower to 10.6% from 11.4% in
February.

 

The prices of oils and fats decreased for the seventh successive month,
dragging the annual rate to 16% from 16.7%.

 

Transport

 

The transport index, according to Stats SA, rose by 8.9% in the 12 months to
March, down from the 9.9% annual rate recorded in February.

 

The downward shift was led by eight consecutive months of slowing fuel
inflation, which reached 8.1% in March from 10.9% in February.

 

"This is much lower than the 56.2% peak in July 2022," the agency said.

 

However, fuel prices rose by 4.5% between February and March due to the
price of inland 95-octane petrol rising by R1.27 per litre.

 

School fees

 

Over all, school fees increased by 5.7% in 2023, higher than the 4.4% rise
recorded in 2022.

 

Primary and pre-primary schools went up by 6.3%, while secondary schools
soared by 5.8% and by 5.3% for tertiary institutions.

 

In addition, textbooks cost 113% more, while school bags rose by 10.6%,
which is the most significant annual increase since October 2009.

 

Other price changes

 

New excise taxes for alcohol and tobacco products came into effect in March,
contributing to a monthly increase of 2.2%.

 

Data for the first quarter survey of housing rentals are also included in
the CPI for March.

 

Annual inflation for actual rentals was unchanged from December at 2.5%,
while owner-occupied housing was 2.7% compared with December's reading of
2,8%.

 

In March, inflation for household contents and services increased to 6.9%
from 6.2% in February, which is the highest annual increase since June 2009.

 

Prices for appliances, tableware and equipment have also gone up by 7.7%.

 

Domestic worker wages increased by 1.2% in March from December, leading to a
5.2% annual rise - the highest since February 2019 when the same rate was
recorded.

 

Prices for personal care items increased by 11.1% from 12 months to March.
This is the highest annual rate since 12% in October 2009.

 

SAnews.gov.za.

 

 

 

Tesla says prices will continue to "evolve"

Tesla says it has no plans to stabilise the prices of its popular electric
vehicles, despite repeated price cuts denting its profits.

 

The car company led by billionaire Elon Musk is grappling with the impact of
increased competition and higher borrowing costs on buyers.

 

It has responded to the pressures by slashing prices repeatedly this year.

 

The firm warned investors on Wednesday that product pricing would continue
to "evolve, upwards or downwards".

 

"We're not 'starting a price war', we're just lowering prices to enable
affordability at scale," Mr Musk wrote on his social media platform,
Twitter, earlier this month.

 

Tesla said overall revenue in the first three months of the year rose to
$23.3bn (£18.4bn), up 24% from a year ago, as car sales increased.

 

But profit in the same period dropped 24% from a year earlier, to $2.5bn
(£2bn), affected by the price cuts and higher costs for raw materials and
other commodities.

 

On a conference call to discuss the results, Mr Musk said he thought
pursuing increased sales, with lower profits, was the "right choice" for
Tesla - which stands out among electric carmakers for its profitability.

 

He told investors that over the long term profits would remain strong,
noting that the firm's bottom line could be boosted after cars are sold
using ongoing subscription payments for super charging, self-driving and
other features.

 

"We do believe we're laying the groundwork here," Mr Musk said. "It's better
to ship a large number of cars at a lower margin and subsequently harvest
that margin in the future".

 

He said he expected the firm's profits would remain among the highest in the
industry.

 

Tesla bucked a wider decline in car sales last year, helped by booming
interest in electric vehicles.

 

But its market share has shown signs of eroding, as rivals launch electric
vehicles of their own.

 

Meanwhile as Tesla has rapidly increased its output, production has
outstripped deliveries, stoking speculation that demand may be weaker than
it had hoped.

 

The company has blamed the mismatch on delivery delays, which it said
persisted this year.

 

It said that price cuts will help keep customers coming - though the firm
risks angering customers who have paid more, as some outcry over earlier
reductions has indicated.

 

The firm delivered nearly 423,000 cars in the three months to March. That
was up 36% from last year but only 4% more than in the prior quarter.-bbc

 

 

 

Facebook owner Meta sees latest layoffs begin

Facebook owner Meta has started notifying staff who are losing jobs in the
wave of 10,000 job cuts the social media company announced last month.

 

Boss Mark Zuckerberg had said the layoffs are key to to making the company
more efficient.

 

Meta, which also owns Instagram and WhatsApp, has been under pressure since
a sharp slowdown in its ads business last year.

 

It had already let go 13% of its staff - roughly 11,000 people - last year.

 

Some of the people affected by Meta's latest decisions wrote on social media
saying they were looking for new roles.

 

The company declined to comment, pointing to the March memo in which Mr
Zuckerberg outlined the plans, describing last year's challenges as a a
"humbling wake-up call".

 

He said the cuts were necessary to adjust to a new "economic reality" and
enable the firm to invest in the future.

 

In March, people on the recruitment team were first to leave the company.

 

The newest notifications apply to people working on the firm's IT teams,
according to the firm's plans.

 

Another round of layoffs affecting business and administration teams is
expected next month.

 

The firm has said timing could differ for people outside of the US and some
cuts may not be complete until the end of the year.

 

The moves come as the corporate world is bracing for a wider economic
slowdown, as higher borrowing costs start to slow business activity.

 

The tech industry, where low borrowing costs had helped fuel investments and
growth, has been hit particularly hard.

 

More than 170,000 people in the industry have been laid off globally since
the start of the year, according to announcements tracked by website
layoffs.fyi, with big names such as Amazon and Google accounting for some of
the largest actions.

 

Among the other announcements this week, online property firm Opendoor said
it would reduce its workforce by roughly 560 jobs or 22%.-bbc

 

 

 

 

KitKat maker Nestle urged to cut unhealthy food sales

Nestle is being urged to cut the proportion of unhealthy food it sells and
"play its part" for global health.

 

Investor group ShareAction said 40% of Nestle's sales of everyday foods in
the UK were high in salt, sugar or fat.

 

Nestle said its reporting on the healthiness of its global sales was a world
first and pledged to set a target for healthier sales later this year.

 

But ShareAction said it also wanted Nestle to reduce the amount of
unhealthier foods it sells.

 

Nestle is the world's biggest food company and owns brands like KitKat and
Shreddies.

 

In April, it launched a new KitKat breakfast cereal in supermarkets across
the UK. It contains 7.4g of sugar per 30g serving. This is higher than the
recommended average refined sugar intake per meal for adults.

 

Nestle said KitKat cereal was designed to be enjoyed as an "occasional,
indulgent" breakfast option.

 

KitKat maker Nestle to raise prices again

ShareAction, which lobbies for ethical investing, has co-ordinated calls
from some 26 investors - who have more than £2.64 trillion in assets.

 

It comes ahead of Nestle's annual shareholders' meeting on Thursday.

 

Simon Rawson, deputy chief executive of ShareAction, said: "Nestle has said
it wants to sell healthier food, but it hasn't given assurances that it will
also address its less healthy food sales, which is essential to turn the
tide against the harmful effects of diet-related ill health."

 

He added that the Swiss food giant needed to "rebalance" its sales to bring
balanced diets "within reach for people around the world".

 

A spokesperson for Nestle said it had set a new standard in corporate
transparency in March.

 

"We are the first company to report on the nutritional value of our entire
global portfolio against a single externally recognised, nutrient profiling
scheme," they added in a statement.

 

'Overweight or obese'

Mr Rawson said recent research from the World Obesity Federation showed more
than half of the world's population would be overweight or obese by 2035,
unless "serious and immediate" action was taken.

 

ShareAction has written to the boards of various food firms including
Kellogg's, Danone and Kraft Heinz, calling for more transparency and for
nutrition targets to be set.

 

Nestle, which also manufactures Buxton mineral water and Nescafe coffee,
said in February it was taking a "massive" hit to its profits as the price
of food ingredients reached record highs.

 

Soaring food prices led to inflation falling by less than expected in
March.-bbc

 

 

 

Fox News settles Dominion defamation case for $787.5m

Fox News has settled a defamation lawsuit from the voting machine company,
Dominion, over its reporting of the 2020 presidential election.

 

In a last-minute settlement before trial, the network agreed to pay $787.5m
(£634m) - about half of the $1.6bn initially sought by Dominion.

 

Dominion argued its business was harmed by Fox spreading false claims the
vote had been rigged against Donald Trump.

 

The deal spares Fox executives such as Rupert Murdoch from having to
testify.

 

The judge in the case is not required to give his approval for the
agreement.

 

Fox said Tuesday's settlement in one of the most anticipated defamation
trials in recent US history reflected its "commitment to the highest
journalistic standards".

 

The Fox statement added without elaborating that the network "acknowledges
the court's rulings finding certain claims about Dominion to be false".

 

Dominion chief executive John Poulos told a press conference the deal
included Fox "admitting to telling lies, causing enormous damage to my
company".

 

Justin Nelson, a Dominion attorney, told reporters that "the truth matters".

 

"Lies have consequences," he added. "Over two years ago a torrent of lies
swept Dominion and election officials across America into an alternative
universe of conspiracy theories, causing grievous harm to Dominion and the
country."

 

Mr Nelson added that for "democracy to endure", Americans must "share a
commitment to facts".

 

Can Fox News afford the $787.5m Dominion payout?

Key players in the $1.6bn lawsuit against Fox

Opening arguments in the case had been due to start on Tuesday afternoon.

 

The announcement of a settlement came after an unexplained delay of several
hours once jury selection had finished, prompting speculation that talks
were under way behind the scenes.

 

On Monday, Delaware Superior Court Judge Eric Davis announced that the start
of the trial would be delayed by 24 hours.

 

Although he gave no reason, US media reported that it was to give both sides
an opportunity to reach a settlement.

 

On Tuesday morning, however, both sides appeared to be digging in for a
lengthy trial.

 

Attorneys for Fox had repeatedly objected to the $1.6bn in damages sought by
Colorado-based Dominion, characterising the figure as massively inflated.

 

The "real cost" of the case, Fox had argued, would be the "cherished" rights
to freedom of speech and of the press enshrined in the First Amendment of
the US Constitution.

 

Dominion's lawsuit argued that the conservative network had sullied the
electronic voting company's reputation by airing falsehoods about the 2020
vote being stolen from former President Trump.

 

Mr Trump attacked the voting machine company after the ballot, falsely
claiming that it rigged the election to favour winner Joe Biden.

 

The lawsuit said that the false claims were partly an effort to win over
viewers who were angered by Fox's decision on election night to - correctly
- declare that Mr Trump's then-challenger, Joe Biden, had won the crucial
state of Arizona.

 

Two of the Fox executives responsible for the Arizona decision lost their
jobs two months later.

 

Legal findings released ahead of the trial suggested that a number of Fox
executives and journalists privately questioned and dismissed conspiracy
claims that the 2020 presidential election was stolen, but still put them on
air.

 

'Fox has admitted to telling lies about Dominion' - CEO

 

Court documents show that Mr Murdoch referred to the claims about Dominion
as "really crazy", but failed to take any action.

 

In one series of text messages, top-rated host Tucker Carlson said some of
the claims were "insane". Another host, Sean Hannity, said privately he did
not believe them "for one second".

 

Fox has said the words were taken out of context.

 

Ahead of the trial, Judge Davis ruled that the claims against Dominion had
already been proven false, emphasising that the falsehoods were "crystal
clear".

 

Despite the mammoth pay-out, some legal experts believe the settlement was
overall a positive outcome for the network.

 

Syracuse University professor and First Amendment expert Roy Gutterman said:
"Looking down the line at a six-week trial, this was going to be gruelling
for everyone involved and likely embarrassing for Fox.

 

"But a verdict against Fox could have been even costlier, and had serious
implications on subsequent rulings on the actual malice standard and the
First Amendment itself."

 

Had the defamation trial gone ahead, jurors would have been tasked with
determining whether Fox News acted with "actual malice" by broadcasting
claims it knew to be false.

 

Civil litigation attorney Michelle Simpson Tuegel told the BBC that the
settlement "speaks to the massive threat Fox saw from this litigation".

 

"The reputational harm of having executives, including chairman Rupert
Murdoch, and hosts take the stand seems to have moved the parties towards a
resolution," Ms Tuegel added.

 

Fox still faces a second, similar defamation lawsuit from another election
technology firm, Smartmatic, which is seeking $2.7bn.

 

Dominion still has litigation pending against two conservative news
networks, OAN and Newsmax.

 

The company has also sued Trump allies such as Rudy Giuliani, Sidney Powell
and Mike Lindell.-bbc

 

 

 

 

UK inflation: Supermarkets say price rises will ease soon

A drop in the cost of wholesale food prices globally has not led to falls in
the prices charged by UK supermarkets.

 

Inflation was expected to fall below 10% last month but soaring food prices
meant it fell by less than expected.

 

"You would expect to see [global food price falls] reflected in supermarkets
but we're not there yet," the Office for National Statistics told the BBC.

 

The retail industry body said there was a three to nine-month lag to see
price falls reflected in shops.

 

"As food production costs peaked in October 2022, we expect consumer food
prices to start coming down over the next few months," the British Retail
Consortium said.

 

Inflation, which measures the rate of price rises, fell to 10.1% in the year
to March from 10.4% in February, driven by food prices rising at their
fastest rate for 45 years.

 

There were big jumps in prices for products including olive oil (up 49%),
milk (up 38%) and ready meals (up 21%).

 

Campaigners point out that rising food prices hit poorer households the
hardest, as they spend a greater proportion of their income on groceries.

 

Why are prices rising so much?

Frozen food beating fresh as shoppers seek savings

Five hacks to help save money on your food shop

How much are prices rising for you? Try our calculator

The war in Ukraine has driven up food prices around the world, but the UK
has faced other problems on top of this - from Brexit red tape to labour
shortages.

 

This year in particular, bad weather abroad led to shortages of some
vegetables - a situation made worse by UK farmers producing less due to
surging energy costs.

 

UK farmers have also argued that supermarkets are not paying a fair price
for their produce - something the supermarkets deny.

 

The government's former food tsar Henry Dimbleby has said supermarkets
having "fixed-price contracts" with suppliers means that when food is
scarce, some producers opt to sell less to the UK and more elsewhere in
Europe.

 

Grant Fitzner, chief economist for the Office for National Statistics, which
provides the figures, said the agency did not make forecasts. But he said it
was "certainly within the realm of possibility" that double digit inflation
is sustained at least for another month with food prices continuing as they
are.

 

Food price rises chart

Jane from Blackpool has found the last five to six months tough on the
purse, particularly with the weekly shop.

 

She told the BBC's Radio Five Live that she couldn't afford to eat breakfast
or lunch. "For teatime we have a jacket potato with beans. A couple of times
a week we'll add cheese to that because we're feeling a little bit more
flush. And on a really good occasion we'll have tuna."

 

For many people like Jane, higher prices across the board have meant having
to run on a tighter budget.

 

"We got a letter last month saying our mortgage rate is going to go up
again. I listen to the news in the hope the mortgage rates are going to go
down or something's going to give."

 

Inflation in the UK remains higher than in other Western countries,
including the US, Germany, France and Italy. On Wednesday, new figures
showed eurozone inflation eased to 6.9% last month, from 8.5%.

 

Analysts at Capital Economics said UK inflation had "risen further and
stayed higher than elsewhere as the UK has experienced the worst of both
worlds - a big energy shock, like the euro-zone, and labour shortages - even
worse than the US."

 

UK energy prices are likely to come down quickly, it added, but the issues
in the labour market would probably persist until late 2024.

 

Chancellor Jeremy Hunt said he was still confident that inflation would fall
sharply by the end of the year.

 

He added: "We have a plan and if we're going to reduce that pressure on
families, it's absolutely essential that we stick to that plan, and we see
it through so that we halve inflation this year as the prime minister has
promised."

 

But Rachel Reeves, Labour's shadow chancellor, said: "The reality is that
under the Tories our economy is weaker, prices are out of control and never
have people paid so much to get so little in return."

 

While food prices remained stubbornly high, petrol prices eased, bringing
some relief for motorists.

 

Unleaded petrol prices peaked at about £1.90 in July and were down below
£1.50 in March.

 

Falling inflation doesn't mean prices are falling, but just that the rate of
price rises is slowing.

 

Simon Mellin

Simon Mellin, founder and chief executive of The Modern Milkman, a milk
delivery service, said the food industry had faced soaring costs in recent
months, with milk, eggs and packaging prices all going up.

 

He believes that food prices will start to stabilise, but will remain at a
much higher level than they were this time last year.

 

"I'm really unsure if food prices will drop as much as everyone expects," he
told the BBC.

 

"I expect some reductions but I wouldn't personally expect huge reductions
in the next twelve months."

 

He said he was trying not to pass higher prices onto customers, but added
that it was a balance the business had to tread.

 

The Bank of England has been raising interest rates to try and curb
inflation. In March, the Bank increased rates for the eleventh time in a
row, taking the main rate to 4.25%.

 

The idea is that when people have less money to spend, they buy fewer
things, reducing the demand for goods and slowing price rises.

 

Following the latest inflation figures, Luke Bartholomew, senior economist
at abrdn, said a further rate rise next month is now "likely", with
inflation pressures proving "more persistent than the Bank of England
expected".

 

Rate rises mean higher mortgage payments for some homeowners and those with
loans. But they can also benefit savers if banks pass on the higher rate to
customers.

 

-bbc

 

 

 

 

 

 

 

 

 

 

 

 

 


 


 


Invest Wisely!

Bulls n Bears 

 

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Skype:         Bulls.Bears 



 

 

 


 

INVESTORS DIARY 2023

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

Workers’ Day

 

May 1

 


 

Africa Day

 

May 25

 


 

 

 

 

 


Companies under Cautionary

 

 

 


CBZH

TSL

Fidelity

 


Willdale

FMHL

ZBFH

 


GetBucks

Zimre

Seed Co

 


 

 

 

 


 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

 


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

 


 

 


(c) 2023 Web: <http://www.bullszimbabwe.com>  www.bullszimbabwe.com Email:
<mailto:info at bulls.co.zw> bulls at bullszimbabwe.com Tel: +263 4 2927658 Cell:
+263 77 344 1674

 


 

 

 

 

 

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