Major International Business Headlines Brief::: 30 August 2023

Wed Aug 30 10:01:01 CAT 2023

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Major International Business Headlines Brief::: 30 August 2023 

 <https://www.nedbank.co.zw/> 

ü  Kenya: Revealed - Kenya Registered Highest Worldcoin Entries Globally at 350,000

ü  Tanzania: XV Brics Summit - President Samia Spells Out Tanzania's Position and Interests

ü  Uganda: Traffic at Entebbe Airport Hits New Highs

ü  Nigeria: Motorists Decry N25,000 Sanction On Faded Number Plate

ü  Tanzania: 'Push to Engage Youth in Agriculture On Right Track'

ü  Tanzania: Tz Commits Drive for Enhancing Rice Production

ü  Tanzania: Gcla On Awareness Campaign for Safe Use of Sodium Cyanide

ü  Kenya: Kakuzi Exports 181 Boran Breeding Heifers to Uganda

ü  Tanzania: How Stamico Made Incredible Revenue Rise

ü  We can avoid flight chaos in future, says air traffic boss

ü  Burger King faces legal claim Whopper is too small

ü  Thousands of scammers impersonate finance watchdog

ü  Toyota halts all Japan assembly plants due to glitch

ü  Thousands lose benefits after tax credits overpaid

 <https://www.cloverleaf.co.zw/> Kenya: Revealed - Kenya Registered Highest Worldcoin Entries Globally at 350,000

Nairobi — Kenyans made the highest subscriptions to the Worldcoin cryptocurrency project out of thirty-four countries where similar operations were mounted.

The Office of the Director of Computer and Cyber Crime revealed on Tuesday that the American firm recruited agents who were deployed across thirty stations in Nairobi to scan and collect iris data for transmission.

Appearing before the National Assembly Adhoc Committee, the agency's Head of Cyber-security Standards and Policy David Njoka explained that Worldcoin disguised itself as a research institution before escalating its activities of data processing exposing gullible Kenyans.

"A week after the launch of Worldcoin cryptocurrency on 22nd of July, they announced that they have registered over 350,000 Kenyans and in terms of the numbers of data registered globally. Kenyans amounted to around 25 percent which is something of concern," said Njoka.

He told MPs that Worldcoin Project indicated that the data would be stored in Amazon Web Services in the United States which poses a potential threat due to data sovereignty.

"From our interviews they mentioned that the data was transferred to the Amazon servers based in the US. They had indicated that the data is secure but that needs deeper investigations," Njoka stated.

Worldcoin had targeted to register 8 billion people in the cryptocurrency platform that aims to provide universal global economy by authenticating individual using retina/iris scans.

In Kenya, Worldcoin operated through local representatives identified as Wangechi Maina and Rael Mwende after legal agreements with their local firms listed as Platinum De Plus Limited, EXP Kenya and Sense Marketing.

Since November 2022, Worldcoin engaged in recruiting 11 companies who were assigned responsibilities of hiring casual agents who were trained to assist Kenyans in downloading the World Coin App and then have the iris captured.

Njoka pointed out that Worldcoin, through user verification of the iris, may have had access to control sensitive data whose safety is still not guaranteed even as investigation continue.

"They dont have a physical office, I think they need to be investigated for doing what they were doing without necessary approvals," he said.

"A multi international company coming to Kenya to allege to be conducting research involving sensitive information and they wanted the data to be able to train their model in the artificial intelligence platform, they did this without having due approvals given to them," Njoka explained.

The cryptocurrency industry has been steadily growing in the country with over 4 million Kenyans active cryptocurrency users in the country.

"The rate which world coin was being adopted just like other cyrptocurrencies is also alarmimg to our country, because 350k in one week is quite high contributing 25% of their customers," Njoka stated.

Concerns over the transparency of Worldcoin operations have been raised in in France, India, Germany, UK and other countries.

Worldcoin offered those who signed up 25 free tokens worth about Sh7,000, drawing thousands of people to multiple sign-up points in the capital Nairobi.

Thousands of Kenyans flocked to Kenyatta International Conference Center Nairobi mid July to have their eyes scanned.

Worldcoin, set up by OpenAI chief executive Sam Altman, began operating in June in Germany and provides users with a private digital identity -- a "World ID" -- after they get their eye's unique iris pattern scanned.

The project, according to its founders, aims to solve one of the main challenges facing the crypto industry that largely relies on pseudonyms to operate, leaving it vulnerable to spam bots and scams.

More than 2.1 million people have signed up for Worldcoin across the world, with iris scans conducted in 34 countries, according to the company's website.

Worldcoin is now trading at $2.37, up from the initial price of $1.70, according to CoinMarketCap.

-Capital FM.

Tanzania: XV Brics Summit - President Samia Spells Out Tanzania's Position and Interests

The 15th BRICS Summit and the BRICS - Africa Outreach and BRICS Plus Dialogue was held in Sandton, Gauteng, South Africa from 22nd -24th August 2023.

This well-organised BRICS Summit, much credit to the Government of South Africa, was the third and historical one to be hosted by South Africa.

It was well attended by over 40 Heads of State and Government including our own President Samia Suluhu Hassan. The theme of the Summit was BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism. The next BRICS Summit is planned to be held next year in the City of Kazan - Russia.

All the original five BRICS leaders attended the meeting except for President Vladimir Putin who addressed the meeting virtually in 17 minutes of recorded speech. The BRICS XV Summit as expected announced the acceptance of six new countries to join the BRICS out of the 23 countries which are said to have applied to join the bloc being the first phase of the expansion.

Announcing the new members, President Cyril Ramaphosa said BRICS leaders have decided to invite Argentina Republic, The Arab Republic of Egypt, The Federal Democratic Republic of Ethiopia, The Islamic Republic of Iran, The Kingdom of Saudi Arabia and the United Arab Emirates to become full members of BRICS from 01st January 2024.

It was further explained that BRICS countries reached consensus in the guiding principles, standards, criteria and procedures of the BRICS expansion process and this decision is in line with BRICS spirit and commitment to inclusive multilateralism. President Ramaphosa was also quick to clarify that BRICS bloc is democratic in its decision-making process and general conduct of its business allaying fears that the bloc will follow the United Nations Security Council-UNSC model which many are calling for it to be reformed.

Tanzania did not apply for BRICS membership this time around, but President Samia who was honoured to be invited to speak during the plenary session and at the luncheon at the Summit, made it clear that Tanzania will remain a true friend and partner of BRICS and supporter of all its constructive interventions.

President Samia further advised that the BRICS- Africa partnership needs to be focused on unlocking potential opportunities on our continent towards realisation of both Agenda 2063 and Sustainable Development Goals which include the operationalisation of the AfCFTA and continued trade and investment partnership.

The President also underscored the continued relevance and validity of multilateralism pointing out "... In times like these in which we face serious global challenges, the international community should be united not fragmented and be willing to take collective measures in addressing such challenges as poverty, climate change, health and food insecurity, conflicts and others."

In the face of the polycrises and rising global uncertainty, President Samia was optimistic that meaningful dialogues will advance deliberations geared towards resolving the complex challenges facing countries both individually and collectively. She called for redoubled efforts and concrete action to the north-south divide to deepen strategic financial trade, investment and economic order.

President Samia's views were echoed by the BRICS in the statement released on the 23rd August. In their 26 pages Johannesburg BRICS Declaration, outlined a wide range of issues concerning partnership for inclusive multilateralism, fostering an environment of peace and development, partnership for mutually accelerated growth, Partnership for sustainable development, deepening people to people exchanges and institutional development.

The Declaration called for greater representation of emerging markets and developing countries with increased role and share of women from EMDCs at different levels of representations in international organisations. It further encouraged multilateral financial institutions and international organisations to play a constructive role in building global consensus on economic policies and preventing systemic risks of economic disruption and financial fragmentation.

It expressed its belief that African Continental Free Trade Area and BRICS cooperation presents opportunities for the Continent to transition away from its historic role as commodity exporter towards higher productivity value addition. Also acknowledged the urgent need for tourism industry recovery and strengthening the BRICS Alliance for Green tourism in order to promote a more resilient, sustainable and inclusive tourism sector.

On peace and security, the Declaration expressed its concern on the ongoing conflicts in many parts of the world, stressing the commitment to the peaceful resolutions of differences and disputes through dialogues and inclusive consultations reiterating that the principle of African solutions to African problems should continue to serve as the basis for conflict resolutions.

Without divulging much details, the Declaration also recalled national positions concerning the conflict 'in and around Ukraine' as expressed at the appropriate fora, including the UNSC and UNGA and noting with appreciation relevant proposals of mediation and good offices aimed at peaceful resolution of the conflict through dialogue and diplomacy, including the African Leaders Peace Mission.

The Johannesburg BRICS Declaration also expressed strong condemnation of terrorism in all its forms and manifestations whenever, whatever and whoever committed. It also called for among other things prevention of an arms race in outer space (PAROS) and of its weaponisation.

And while emphasising the formidable potential of information and communication technologies (ICT) for growth and development, it recognised the existing and emerging possibilities they bring for criminal activities and threats.

Some political observers see BRICS not as an alternative arrangement but an additional system for the countries in the global South. A section of the friends of the BRICS made it clear that their association with the bloc should not necessarily be seen as being an ant west stance but rather as a way of exercising the right to choose whom to cooperate with.

Majority welcomed the decision to expand the membership bloc from the original five represented by the acronym BRICS. Despite the expansion, it was later clarified that the acronym based on the first alphabet of the original five members will remain. Coincidentally, the currencies of the original members start with the letter 'R' (Brazil-Real, Russia-Ruble, India-Rupees, China-Renminbi, and South Africa-Rand) prompting some to jokingly refer to the group as the 'R-Connection'.

All in all, the XV BRICS Summit was a resounding success and an important decision for the expansion of bloc membership has been reached. This is described as a game changer for the future of the group and the global south in general. Most still recall it was also in South Africa during the 2013 BRICS Summit that the decision to establish New Development Bank (NDB) was also reached.

Tanzania's position and expectations in the bloc was made very clear by President Samia when she quite appropriately summed up that BRICS offers a possibility of coming up with a more equitable, balanced and fair international economic order that has thus remained unattainable and elusive aspiration.

And for Tanzania, which is well-known worldwide for being a staunch member of the Non-Alignment Movement and the Champion of the South-to-South Cooperation, Tanzania's views on the BRICS as thoughtfully outlined by the Tanzania's President, clearly reflect the country's well thought out interests.

-Daily News.

Uganda: Traffic at Entebbe Airport Hits New Highs

Entebbe International Airport experienced a significant surge in international passenger traffic, with a total of 185,253 passengers in July 2023.

This equates to an average of 5,975 passengers per day, marking the highest recorded traffic in a single month since the onset of the Covid-19 pandemic.

Of the 185,253 registered, 93,727 travellers were arrivals and 91,526 departures.

These numbers indicate a return to normalcy in travel patterns as people resume their regular trips.

Vianney Luggya, the Public Affairs Manager of the Uganda Civil Aviation Authority (UCAA), notes that this impressive improvement demonstrates the industry's continued recovery from the impact of Covid-19.

The July 2023 figures represent a 24,338 passenger increase compared to June 2023, which recorded a total of 160,915 passengers.

Furthermore, it surpasses the passenger traffic for the same period in July 2022 (151,653) and July 2019 (166,980).

Regarding cargo, Entebbe Airport handled 5,745 metric tonnes of cargo in July 2023, consisting of 4,198 metric tonnes of arrivals and 1,547 metric tonnes of departures.

These cargo figures also exhibit growth compared to July 2022 and July 2019.

The Covid-19 pandemic had a severe impact on Uganda's aviation industry, leading to a significant decline in passenger numbers.

During the peak of the pandemic, Entebbe Airport saw passenger traffic nearly drop to zero as borders were closed, except for cargo and UN planes.

Uganda Airlines had to ground its fleet as a result.

The recent increase in passenger traffic at Entebbe Airport signals a positive turnaround for the country's aviation industry, which struggled under the weight of the pandemic.

This recovery is noteworthy, considering the global lockdowns enforced by governments worldwide to curb the spread of the virus.

According to the African Airlines Association (AFRAA), only 54 million passengers traveled within Africa by air during the pandemic in 2020, compared to double that number in the previous year.

Airlines on the continent experienced a collective turnover reduction of approximately $8 billion.

The International Civil Aviation Organization (ICAO) predicts that Africa's aviation industry will fully recover from the effects of Covid-19 by 2024.

By July 2024, it is expected that Entebbe International Airport will expand its terminal capacity from the current 2 million passengers per year to a minimum of 3.5 million passengers per year.

Uganda is scheduled to undergo a Universal Safety Oversight Audit Programme - Continuous Monitoring Approach (USOAP-CMA) by the ICAO in September 2023, followed by the Universal Security Audit Programme (USAP) in 2024.

These audits assess the level of compliance of a state with ICAO's safety-related standards and procedures.

Uganda has previously performed well in these audits, scoring above the global averages.

Although Uganda Airlines secured slots at London Heathrow Airport for departures and landings, it has not commenced operations to the United Kingdom due to delayed resolutions of issues raised in the previous ICAO audit.

Reports suggest that the outdated certification status of the Uganda Civil Aviation Authority (UCAA) has contributed to the delay in updating its certification from the ICAO.

Nigeria: Motorists Decry N25,000 Sanction On Faded Number Plate

Motorists have condemned the N25,000 sanctions on faded vehicle number plates and the high cost of renewing vehicle particulars by the government.

Some of those who spoke with the correspondent of News Agency of Nigeria (NAN) on Sunday in Abuja, described the action as a ploy to increase hardship on Nigerians.

They said a subtle increase in the cost of living without value-added readily inflicts more hardship on motorists and other end-users

NAN reports that the Spokesman, Federal Road Safety Corps (FRSC) Mr Bisi Kazeem, had recently claimed that the use of faded number plates had implication for national security.

NAN also reports that Kazeem said the mandate of the FRSC included making highways safe, designing and producing vehicle number plates and keeping custody of every information about vehicles in Nigeria.

He said that number plates faded because of using concentrated detergents in washing vehicles. In this case and other cases of theft, loss, and mutilation from crashes, replacement is at the cost of the vehicle owners.

Mr Peter Oguche, a banker with Polaris Bank, said that the issue of faded number plates was a big business for the FRSC personnel who now took it upon themselves to harass all non-government vehicles.

This, he said included mothers taking their children on school run, and detained travellers in the middle of nowhere on the highways.

"Everyone knows that criminals use vehicles with no number plates or covered plates, yet FRSC has quite unjustifiably set themselves up as prosecutor and judge in the matter.

"Considering the current state of the economy, it is outrageous to impose upon citizens a penalty of up to N25,000 for "faded" number plates which only they can determine.

"It has often been said that once a Nigerian is given a uniform, it affects their psyche and they generally carry on as if they are masters of the public rather than their servants.

"This is perhaps a fall-out from the years of military misadventure into governance where the imposition of authority and use of unquestionable force was the norm.

"These days the superficial thought processes and lack of conscience in those who govern Nigeria allow agencies to get away with extortion, " he lamented.

Mr Olusegun Ojo, a business man, said that there was absolutely no justification for citizens having to bear the cost of the FRSC's incompetence in the production of befitting quality number plates.

Ojo said that if any replacement was required, the onus should be on the agency that issued the low quality number plates in the first place.

He lamented that FRSC accepted no blame whatsoever but blamed the weather for damaging number plates as well as car wash attendants who they claim use abrasive materials!

"Perhaps the worst aspect of the matter is that to apply for a replacement, number plate car owners have to waste both time and money visiting an FRSC centre.

" This include obtaining an application form to which other documents need to be attached, pay another exorbitant fee, and wait for days to collect another inferior plate.

"If it is truly about national security then there is no logic behind fining individuals; defaulting drivers should be made to make payments for automatic replacements rather than first being fined.

"It indicates an overriding insensitivity to the plight of Nigerians," he said.

Mr Hassan Saliu, a car dealer insisted that government should ask themselves what happened after a citizen bought a car and paid for driving licence, number plate, tinted glass permit, fire extinguisher, C-caution and road-worthiness.

Saliu said "are the roads themselves worthy? Fuel and diesel prices continuously increase, now gas is also high in price."

He lamented that the FRSC simply wanted to make money from road users with nothing new to offer.

An Ibadan-based lawyer, Abraham Onu, in a telephone interview with the NAN correspondent, faulted the FRSC for abdicating its mandate and responsibility to Nigerians in pursuit of the revenue generating agencies' role.

Onu maintained that FRSC was not established as a revenue generating agency, but to ensure safety on federal highways.

He said that the FRSC was not only enforcing indiscriminately its rules even on state roads in violation of the federal principle, but also elevating revenue generation above its core mandate.

According to him, Nigerians are already suffering from a high level of distress.

"To add to that distress by impounding their vehicles or confiscating their licenses and imposing a fine using faded number plates is against the principles of natural justice," he said.

-Daily Trust.

Tanzania: 'Push to Engage Youth in Agriculture On Right Track'

Dodoma — DODOMA : MINISTER for Agriculture, Hussein Bashe has said that the government's dream to help youth engage in agricultural production activities has been fulfilled by 97 per cent.

He said in Dodoma on Monday that 763 youth who were enrolled in the Building a Better Tomorrow Youth Initiative For Agribusiness (BBT-YIA) programme have completed their training and will be given farms today to continue with production activities.

He said they will be entrusted with their farms in Chinangali and Ndogoye area in Dodoma.

"A total of 763 youth equivalent to 97 per cent of 812 youth who were selected to join the BBT programme have completed their training. The remaining 50 youth did not attend for various reasons, this number proves that Tanzanian youth are not lazy they need to be supported," said Mr Bashe when he was speaking to the youth who have completed BBT programme training and are ready to entre agribusiness.

"You are the flag bearer of BBT programme being the first batch and we at the government are highly optimistic that you will deliver and inspire more youth to join the programme.

"I have visited two incubation centres in Tengeru (Arusha) and Uyole (Mbeya) and we are making significant improvement so that, in the coming programme, we will create better environment for youth to learn," he added.

He said that youth who have completed BBT training will be provided with certificates, land ownership documents, houses where they will be living and farmers' Smart Card, where they will be the first farmers in the country to have these types of cards.

Minister Bashe noted that some financial institutions, especially banks have already expressed their interest in providing funds to help develop youth in production activities.

The minister said that the youth who have completed the programme will form a cooperative that will help them be trusted by these financial institutions. Mr Bashe said further that the youth will also be required to attend one month training in the National Service Force (JKT).

The BBT-YIA was a collaborative effort, between the government through Ministry of Agriculture, private sector and development partners led by USAID-SERA BORA Project.

In Tanzania, youth (people aged between 15 and 35) and children (people aged less than 15 years) account for 75 per cent of population, Youth accounts for 56 per cent of the active labour force.

Agriculture is the main contributor of employment for the nation as it accounts for 66.6 per cent of employment and it contributes nearly 30 per cent to the national GDP.

The country is therefore aiming to promote youth engagement in agribusiness for sustainable and improved livelihoods.

According to minister Bashe more specifically, BBT-YIA intends to: Inspire youth through implementation of a behaviour/attitude changing communication strategy that would rebrand agriculture and make it more appealing to youth.

It also targets to empower youth through training mentoring and coaching, and other interventions that would impart necessary skills for employment or management of their own agribusinesses, engage youth in profitable and sustainable management of agribusinesses,.

Other targets is to enable youth- led enterprises by improving policy, legal and regulatory environment and facilitating the development for youth in agribusinesses and coordinate effectively activities of NGOs supporting youth for synergy as well as efficiency and effective outcomes.

BBT- YIA has prioritised value chains with fast turnover and other attributes that are youth friendly. The value chains and related nodes include cereals, oil seed, horticulture, poultry, fresh produce marketing, agro- dealership, agro-service, agro- processing, value addition and food service.

-Daily News.

Tanzania: Tz Commits Drive for Enhancing Rice Production

TANZANIA : THE government has expressed firm resolve to act as a driving force for enhancing rice production, as it is one of the most strategic crops in Tanzania, with the East African nation envisaging to become leading paddy producer in the continent.

This commitment was announced on Monday by the Permanent Secretary in the Ministry of Agriculture, Mr Gerald Mweli, when he officially inaugurated a three-day Rice Breeding Innovations (RBI) partners' Annual Meeting for East and Southern Africa (ESA).

The meeting brings together participation from 11 countries, besides participants from CGIAR centres - International Rice Research Institute (IRRI), AfricaRice and the International Centre for Tropical Agriculture (CIAT).

Mr Mweli underscored the importance of partnerships with farmers, research institutions, particularly Tanzania Agricultural Research Institute (TARI) and global organisations, while hailing the IRRI for its work in Tanzania.

The government is envisaging significant changes in the use of agricultural technology to enable an increase in rice production from less than 2.5 tonnes per hectare to five tonnes or more by 2030, to double local production

"Our goal as a government is for Tanzania to produce sufficient rice to meet national demand, contribute to enhancing food security across Africa and ultimately become the continent's leading rice producer," he said.

He noted that the RBI programme is a public-private partnership that aims to develop and deploy improved rice varieties for smallholder farmers in ESA. Tanzania plays a key role as a rice producer. The programme is implemented by the IRRI.

The first day of the conference united over 100 top rice experts and stakeholders from 11 countries, each laser-focused on improving rice production in the region.

IRRI Director General Dr Ajay Kohil commenting on Tanzania's agricultural strategy, said: "Through Agenda 20-30, the government has set an ambitious target: a 10 per cent surge in rice production by 2030."

Dr Kohil said the world has high expectations for Tanzania and ESA nations to increase rice production, which is still a problem across the board.

He said the meeting aims to address key challenges and opportunities in rice breeding and agricultural innovation across ESA countries.

Regional Director, IRRI-Africa, Dr Abdelbagi Ismail, highlighted the pressing need for Tanzania and other ESA nations to stimulate improvements in rice production to combat hunger and increase income to eliminate poverty for millions of smallholder farmers.

"Africa is sitting on 60 per cent of the world's uncultivated arable land. The paradox of this untapped potential, juxtaposed with the rampant food insecurity and malnutrition in Africa, can and must be resolved. The key lies in enhancing quality, increasing productivity and ensuring profitability for our farmers."

"The urgency is palpable. Climate change is not waiting, nor can we. Rice is a lifeline for millions and we have a shared responsibility to innovate and increase its production sustainably," he noted.

"We've made remarkable strides, but the work is far from over. We are building a future where rice is abundant and resilient to the changing climate," Ismail remarked.

He said IRRI's efforts to advance rice production have had a meaningful impact across Sub-Saharan Africa, bringing tangible benefits to many participating countries.

For his side, TARI Director General, Dr Geoffrey Mkamilo said: "Tanzania stands as one of the leading rice producers in Africa, but there's a huge room for improvement. Our average yield of 2.5 tonnes per hectare is an area that needs universal attention at national, regional and continental scales."

"I believe together we can accomplish much more and make a difference that neither of us could do alone. Let us keep this excellent partnership going and growing," said Dr Abdelbagi Ismail, Regional Director of IRRI-Africa.

-Daily News.

Tanzania: Gcla On Awareness Campaign for Safe Use of Sodium Cyanide

DAR ES SALAAM : THE Government Chemist Laboratory Authority (GCLA) will begin an intensive public education to prevent health and environmental effects as result of improper handling of the poisonous sodium cyanide chemical.

Sodium cyanide is used commercially for fumigation, electroplating, extracting gold and silver from ores, and chemical manufacturing.

Government Chief Chemist, Dr Fidelice Mafumiko officially launched the campaign yesterday in Dar es Salaam and it will run for two weeks in eight regions.

The theme for the campaign is ' know about sodium cyanide, stay safe.'

Apart from Dar es Salaam, other regions include Coast, Morogoro, Dodoma, Singida, Tabora, Shinyanga and Geita.

These are regions which the sodium cyanide chemical passes when transported from Dar es Salaam port to the areas of mining activities.

"This chemical has serious effects if misused. So we have seen the importance of educating stakeholders and the public at large because we have noticed increased usage of this chemical due increased mining activities.

For instance in 2022 alone we issued license for over 11,601 tonnes of the chemical imported through the Dar es Salaam port," Dr Mafumiko stated.

He said the law on hazardous chemicals has set procedures guiding its handling when it enters the country through the ports and other gateways.

Elaborating on the campaign, he said, it will involve stakeholders including the police force, health workers, fire and rescue force as well as the general public.

For police force it is expected that they would have understanding on precautions to take when they stop trucks carrying the chemical.

The campaign will also create awareness among health workers so that they get prepared in terms of having needed equipment when an affected person attends the health centre.

Also, for the public especially people living along the roads where the chemical consignment passes when transported to the destinations.

The private companies, Prime Fuels Company and Geita Gold Mining (GGM) have joined forces with the GCLA to run the campaign.

"I call upon other companies to educate the citizens about this chemical," he asked.

Mr Emmanuel Mabula, Manager for safety and environment at the Prime Fuels, commended the campaign, arguing that it was a good move.

"The law also requires us to educate the public, this also made us participate in this campaign," Mr Mabuka noted.

-Daily News.

Kenya: Kakuzi Exports 181 Boran Breeding Heifers to Uganda

Nairobi — Listed agribusiness and superfoods producer Kakuzi has successfully completed the inaugural export delivery of 181 Boran heifers to a Uganda-based rancher for breeding.

The breeding heifers valued at more than S|h13.5 million left Kakuzi's Makuyu, Murang'a County, livestock paddocks late last week and have now been received at Mpala Farm, in Kawempe Division, Central Uganda.

Speaking when he confirmed the successful delivery, Kakuzi Livestock Manager Karatina Ole Nchoki said the 181 heifers aged between 30-36 months will be used for breeding at Mpala Farm, which is introducing a Boran herd.

The Boran cattle originally developed in Kenya, Dr. Ole Nchoki said, is a very hardy breed that is highly resistant to diseases and thrives in arid and semi-arid climatic regions.

"Since 1953, the Boran breed has continued to be developed and has emerged as one of Africa's most resilient cattle breeds. The export of these Kakuzi Boran heifers to Uganda will undoubtedly boost the rich heritage of this breed further afield in the Pearl of Africa and is part of Kakuzi's business diversification strategy," Nchoki said.

While celebrating the inaugural export milestone, Kakuzi Plc Managing Director Chris Flowers said the agribusiness firm is actively pursuing a product diversification strategy to unlock further value from its commercial forestry, macadamia, avocado, blueberry, tea and livestock investments.

The exports to Uganda, Flowers added, come on the back of a steady recovery of the firm's livestock operations from the recent drought, with sales beginning to pick on the back of growing demand for Kakuzi beef cuts in the retail and Hotel/Restaurant/Catering (HoReCa) market.

The Kakuzi goat meat venture that has now been trademarked as KABUZI, he said, is also expected to boost growth, with initial sales due to commence in the second half of this year.

"All our business lines provide much-needed leverage to unlock value and ramp up target profits per our business diversification strategy. For example, although our blueberry volumes are still significantly low vis-a-vis the avocado and macadamia outputs, the revenue stream remains firmly within the business plans and inspires further investments. The performance of the tea, forestry, livestock, and arable land operations continue to play their important role in our crop portfolio," Flowers said.

Under the livestock business stream, Kakuzi is currently rearing a herd of more than 4,420 Boran cattle with the firm's stud herd registered with the Kenya Stud Book.

Still, under the Kakuzi Livestock business stream, Rhodes grass production for quality hay has been expanded with plans for further developments to meet the ever-increasing demand from Murang'a, Kiambu, Nyeri, Meru and Laikipia livestock farmers.

Early this month, Kakuzi formally adopted a new corporate identity that underscores its commitments to agricultural development for the domestic and export markets.

The new Kakuzi brand is aligned with the national agricultural transformation agenda, with sustainability and climate-smart agriculture at its core.

The new Kakuzi identity, the firm's first defined brand visual system and strategy in 95 years, also signifies a transition to the contemporary world of superfoods growing for both the domestic and export markets based on a strategic decision to prioritise the production of such foods.

As part of the new branding, Kakuzi has also officially launched a range of private-label consumer products developed over the last two years for the domestic market, including ready-to-eat macadamia, gluten-free macadamia flour, cold-pressed macadamia oil and blueberry packs.

Following an intensive research and development (R&D) programme by the Kakuzi team, the new branded consumer products will be progressively availed to the local market.

-Capital FM.

Tanzania: How Stamico Made Incredible Revenue Rise

TANZANIA : THE State Mining Corporation (STAMICO) has in the past three years made an incredible turn around, with its revenues rising by over 4,000 per cent, from only 1.3bn/- during the year 2018/19 to a whopping 61.1bn/- last financial year.

Factors behind the extraordinary feats are, among others, going commercial, strengthening discipline in finance management and carrying out responsibilities as well as changing the mindset among both the management and staff of the corporation.

According to STAMICO Managing Director Dr Venance Mwasse, these factors have been driven by the 'Turn Around Strategy' which was designed in 2019 with the aim of reviving and reforming the corporation which in the past was nearly collapsing.

Dr Mwasse made the revelations yesterday in Dar es Salaam when speaking with editors and reporters from various media houses during one of a series of meetings organised by the Treasury Registrar for the parastatals to come out and inform the public about their activities and achievements.

"After deciding to run the corporation commercially, we started looking for business opportunities and investors for joint ventures in mining activities," Dr Mwasse stated.

The change of fortunes saw the corporation start paying government dividends for the first time since its establishment in 1972. Last year, STAMICO paid 2.2bn/- in dividend, which rose to 2.5bn/- this year.

"With this trend, we are looking forward to completely doing away with dependence on government subsidies. Currently, we only depend on the government in payment of salaries, but from the next financial year we want to do everything on our own and pay the dividend," he vowed.

Records in the Treasury Registrar indicate that in 2018/19 the STAMICO was depending on the government by 89 per cent, but currently, the dependence is only 9 per cent.

Highlighting other successes, Dr Mwasse said, the corporation has recorded good performance in the area of mine drilling, and this year it signed a contract with the Geita Gold Mine (GGM) for a major drilling project worth 55.2bn/-.

"We really succeeded in the area of drilling and we were placed at 4th position among companies with good performance in drilling when competing with several foreign companies at the GGM," he explained.

He added: "This shows that the perception that public entities perform poorly as compared to private ones is a misconception."

Furthermore, STAMICO has secured a licence to start dealing with the critical minerals including lithium, graphite, REE and copper, with the Managing Director hoping that the company will reap big once it starts venturing into this business.

STAMICO's steady rise has not gone unnoticed. The corporation has bagged awards as overall winner in the year 2021 and 2022 consecutively at the Dar es Salaam International Trade Fair (DITF).

This year alone, it scooped five awards at different occasions, including the Africa Company of The Year Awards 2023 (ACOYA).

Speaking about the future plans, the STAMICO MD said, the corporation is set to increase the dividend to the government, strengthen major mining projects for coal and continue developing artisanal miners.

"We will finalise the process of establishing a bank for miners. This bank is expected to come to address challenges facing the miners regarding accessing loans," he stated.

The STAMICO was established in 1972 and was mandated to participate in the mining activities, namely exploration, extraction and processing, on behalf of the public.

In the past, the corporation was dragging its feet and producing losses until 2015 when the government embarked on efforts to revive it.

In 2019, the corporation came up with the 'Turn Around Strategy' for reforms. Out of it, several projects were initiated and implemented including the Rafiki Briquettes, gold refinery in Mwanza, Buckreef Gold Mine.

-Daily News.

We can avoid flight chaos in future, says air traffic boss

The flight chaos caused by a data processing glitch should not happen again, the head of National Air Traffic Services has said.

Martin Rolfe told the BBC that measures were in place to protect against the "incredibly rare" system failure which has left hundreds of flights cancelled.

"If that happens again, we can resolve it very, very quickly," he said.

Thousands of passengers faced a nightmare Bank Holiday Monday, with many left stuck abroad and in the UK.

Some people slept on airport floors or in makeshift beds, while many scrambled to rebook flights.

Passengers reported being left out of pocket after arranging alternative transport and accommodation following the cancellation of more than 1,500 flights on Monday.

The delays and cancellations continued into Tuesday despite the air traffic control issue being fixed as the disruption had left planes and pilots out of place.

Nats controls most aircraft in UK airspace and receives millions of flight plans every year.

Airlines submit every flight path to the national control centre and these should automatically be shared with Nats controllers.

But on Monday, Nats received data that it could not process.

Mr Rolfe said the system was designed to "fail safely" if this happened, to make sure erroneous information could not be passed on to air traffic controllers.

This caused Nats to revert to a manual system - meaning fewer flights could be handled. For several hours they had to manually input flight routes, rather than it happen automatically, which was slower and caused a huge backlog.

Mr Rolfe apologised to those affected, insisting he was confident the situation would not arise in the same way again.

What are my rights if my flight is cancelled or delayed?

Air traffic disruption caused by flight data issue

Children sleep on floor due to flights chaos

"We understand the way the system didn't handle the data... the way it failed, if you like," he said.

He added that procedures had already been put in place to make sure the error could be solved quickly were it to arise again.

Nats remedied the fault around three hours after announcing it just before midday on Monday, but widespread disruption had already occurred in that time.

The incident will be investigated by the Civil Aviation Authority (CAA). Nats has confirmed there were no signs the failure was caused by a cyber-attack.

Tim Jeans, a former director of Ryanair and Monarch Airlines and chair of Newquay Airport until 2021, said regulations meant that people would entitled to claim expenses incurred from airlines and tour operators, including for accommodation, as a result of flights being cancelled.

He said the data glitch was "certainly perplexing" and added it was "very concerning that one piece of flight data can bring down the whole system".

He said airlines pay hundreds of millions of pounds per year to Nats for the service and would be "rightly asking" questions over the system.

After chairing a meeting between Nats, the CAA, airlines, airports, trade bodies and Border Force, Transport Secretary Mark Harper said on Tuesday that knock-on effects of the disruption were likely to continue over the coming days.

He advised anyone due to travel in that time to check with airlines before heading to the airport.

In its latest statement, EasyJet offered to put on extra flights to help bring people back to the UK. The boss of Ryanair, meanwhile, said it had had to cancel about 250 flights already, affecting around 40,000 passengers.

One such passenger, Sarah Skellern, told BBC News she and her family were forced to sleep on the floor of Palma de Mallorca Airport, Spain, after waiting on a Jet2 aircraft for six hours before it was cancelled.

Mrs Skellern, from near Preston, Lancashire, described "absolute chaos" at Palma de Mallorca Airport. She and her family eventually got a flight home the next day.

Jonny Beattie was due to fly back from Faro in Portugal to Belfast with his family on Monday, but now is unable to get a flight until next Monday, which means his children are missing the start of the school year.

He said he received a phone notification from easyJet when he and his family arrived at the airport to say their flight was delayed, before being told it was cancelled.

"You could see everybody went [to] panic stations," he said. "Some people were already checking flights and we could see we couldn't get any flights until next Monday.

Mr Beattie said he managed to rebook the accommodation that they had just left, but added it was going to cost him just under £1,000.

"My wife was due to go back to work on Wednesday, my kids were supposed to be starting back at school but there's been no further communication from easyJet at all," he added.

Analysis of flight data websites showed at least 281 flights - including departures and arrivals - were cancelled on Tuesday at the UK's six busiest airports.

This consisted of 75 at Gatwick, 74 at Heathrow, 63 at Manchester, 28 at Stansted, 23 at Luton and 18 at Edinburgh.-bbc

Burger King faces legal claim Whopper is too small

Burger King must face a lawsuit that alleges it makes its Whopper burger appear larger on its menus than it is in reality, a US judge has ruled.

The lawsuit accuses the fast food giant of misleading customers by showing the burger with a meatier patty and ingredients that "overflow over the bun".

"The plaintiffs' claims are false," Burger King told the BBC.

Rivals McDonald's and Wendy's are facing a similar lawsuit in the US.

The class action lawsuit against Burger King alleged that the Whopper was made to look 35% larger, with more than double the amount of meat compared to what was actually served to customers.

Burger King had earlier argued that it was not required to deliver burgers that look "exactly like the picture".

In the ruling, US District Judge Roy Altman said it should be left to jurors to "tell us what reasonable people think".

However, he dismissed claims that Burger King misled customers with its television and online advertisements.

"The flame-grilled beef patties portrayed in our advertising are the same patties used in the millions of Whopper sandwiches we serve to guests nationwide," a Burger King spokesperson said in a statement after the ruling.

Lawyer Anthony Russo, who represents the plaintiffs, did not immediately respond to a BBC request for comment.

Burger King drops tomatoes from its India menu

Why there is serious money in kitchen fumes

The Burger King website describes the Whopper as "the burger to rule them all", that contains a "real meaty" beef patty, and other ingredients.

Other fast food chains have recently faced legal challenges over claims of false advertising.

Earlier this year, Taco Bell was sued in the US for selling pizzas and wraps that allegedly contained half the filling that was advertised.

Last year, a man in New York proposed a class-action lawsuit against McDonald's and Wendy's, in which he accused the two companies of unfair and deceptive trade practices.

The lawsuit alleged that McDonald's and Wendy's burgers in marketing materials were at least 15% larger than they were in real life.-bbc

Thousands of scammers impersonate finance watchdog

The UK's financial regulator has warned of an increasing number of scammers pretending to be the watchdog.

The Financial Conduct Authority (FCA) said its impersonators aim to get people to hand over money or sensitive information, such as bank account PINs and passwords.

The public reported more than 7,700 instances of this type of scam to the FCA's contact centre so far this year.

Reports of this type of scam have more than doubled since 2021, the FCA said.

It added that a common tactic used by fraudsters was to tell people they were owed compensation, and then ask for bank details or a processing fee to arrange "payment".

Warning UK losing £2,300 per minute to fraud

The FCA said it did not contact people in this way, and that anyone asked for personal information should hang up the phone or ignore the email.

Steve Smart, an executive director of enforcement at the FCA, urged anyone concerned that they had been contacted by a scammer should check the FCA website.

What should I do if I suspect I've been contacted by a fraudster?

The FCA gave the following advice:

If you're suspicious about a call, just hang up. You can check to make sure a call is genuine by contacting the FCA on 0800 111 6768

Check the sender's email address. If you're not sure the email is from the FCA, then you should ignore it and contact the FCA directly.

You should check the spelling and grammar of an email. If it doesn't look right, ignore the email and report it to the organisation being impersonated or Action Fraud

Scammers can make an organisation's switchboard numbers appear in your caller ID. To protect yourself, don't give out any personal information following an incoming call and don't call back using the contact details the callers provide.

The FCA said it had been "ramping up" its scrutiny of scams as household budgets are squeezed from the rising cost of living.

It comes after industry group UK Finance found £1.2bn was lost to fraud in the UK in 2022.

That is the equivalent of £2,300 every minute with frauds involving payment cards being the most common.

The government this year released a new fraud strategy, which will include allowing banks to delay payments from being processed for longer, to allow for suspect payments to be investigated.

The FCA said it was working with the government to ban cold calling for all consumer financial services and products. That would mean, for example, a salesperson could not call you to sell you any type of insurance, such as accident or home insurance.

The regulator said it was being contacted about different types of financial scams, such as "boiler room" scams, where fraudsters cold-call investors offering them worthless, overpriced or even non-existent shares or bonds.

Callers to the regulator also reported being persuaded to invest in non-existent digital currencies, or cryptocurrencies, which the regulator said was a widely unregulated and high-risk sector.-bbc

Toyota halts all Japan assembly plants due to glitch

Japanese motor industry giant Toyota has suspended operations at all of its assembly plants in its home country due to a glitch in its production system.

The move has brought domestic production at the world's biggest-selling car maker to a standstill.

The malfunction has meant the firm has not been able to order components.

A spokesperson told the BBC that the firm is trying to find the cause of the problem but does not currently believe it is due to a cyber attack.

On Tuesday morning, Toyota suspended operations at 12 of its 14 assembly plants in Japan.

Later in the day a spokesperson said production at all 14 facilities would be suspended.

The company has not yet said when it plans to restart the operations or how much production is expected to be lost due to the stoppage.

In total, the 14 plants are estimated to account for around a third of Toyota's global production.

The suspension comes as Toyota's production in Japan had been recovering after a series of issues.

Its operations were hit last year after one of its suppliers was affected by a cyber attack.

The one-day disruption caused an output loss of around 13,000 cars.

Also last year, Toyota suspended operations at some of its production lines in Japan due to the coronavirus lockdown in China's economic hub Shanghai.

"Due to the impact of the semiconductor shortage, we announced our revised production plan for May," Toyota said at the time.

Toyota is a pioneer of the so-called "just-in-time" production system, which keeps costs down but can be vulnerable to problems if deliveries of components are disrupted.-bbc

Thousands lose benefits after tax credits overpaid

Campaigners fear thousands more people face benefit deductions because of tax credit debts they didn't know about.

In excess of 800,000 households on universal credit received less money last year because they were previously awarded too much in tax credits, the BBC has found. More people will go on to the scheme from September.

To repay the debt, monthly benefits can be reduced by up to 25% by the Department for Work and Pensions (DWP).

The DWP says safeguards are in place.

In a statement it added: "We're committed to supporting those who are struggling with repayments."

Debt advice charities say universal credit deductions are leaving households in a spiral of debt, with families' reduced incomes meaning some are unable to afford rent or going without meals.

Data obtained by the BBC through a Freedom of Information request shows that the DWP has to claw back more than £1.5bn in overpaid tax credits - a form of benefits which will be replaced by universal credit by the end of 2024.

Tax credits are initially calculated according to claimants' circumstances at the start of each financial year. For those with fluctuating incomes and family circumstances, this can lead to over- or underpayments.

HMRC data shows each year about a third of all households in Britain claiming tax credits will be overpaid, and 13% underpaid.

At least 80,000 households across Great Britain owe £5,000 or more, which will take years to pay off.

In some cases, these debts have been forgotten about for years, coming to light only when households are placed on universal credit.

With about 1.5 million tax credit recipients set to be transferred on to the system from September, campaigners fear many more households will be alerted to years-old debts.

It comes as families are also having benefits taken away to pay utility bills.

The charity Citizens Advice told the BBC an "illogical situation" had occurred in which households facing deductions were being referred to local authority hardship schemes - funded by the DWP - for support.

Nancy Crow from Somerset currently owes more than £5,000 to the DWP, having been told she was overpaid in working and child tax credits for several years between 2005 and 2016.

She is entitled to about £400 a month in benefits under universal credit, but has seen this deducted by about £50 a month.

The 61-year-old former nurse has now fallen behind on rent and says she has been left with little to survive on.

She has used food banks, gone without heating and electricity, and has even resorted to taking out payday loans.

As someone living with a kidney disorder, Ms Crow says it has also left her unable to afford the foods doctors say she needs to maintain her health.

"I think part of my health problems is to do with my hardship," she says.

She was hospitalised last year, but hopes to work again once she is feeling well enough.

HM Revenue and Customs (HMRC), which managed Ms Crow's tax credits, has previously admitted an error in calculating how much she owes.

Ms Crow believes there have been other mistakes too, pointing to documents from different tax years appearing to contain inconsistencies in the amount of debt remaining.

"I'm frustrated, upset, angry. It makes me very depressed," she says.

HMRC told the BBC all customers "must report changes of circumstances to us as soon as possible, as this may impact their entitlement".

Debt advisers say this can be hard for people on zero-hours contracts, those with disabilities or mental health issues, and others who do not speak English as a first language.

In other instances, awards may be wrongly calculated by the system.

For those who are overpaid, this leaves them in debt to the government. Up to 25% of a claimant's monthly benefits can be taken from them to repay the money if they are in work, and 15% for those not in work.

Campaigners are calling for this figure to be capped at 5%, so deductions are more manageable for claimants.

The government said it had already reduced the maximum percentage it could deduct from a household's universal credit each month, down from 40%.

Grace Brownfield from the Money Advice Trust charity told the BBC losing benefits income made a "massive difference" to those affected.

She said: "Because deductions from benefits are taken without any assessment of what's affordable for the individual, we're seeing parents who are skipping meals to feed their children, people that have health conditions who haven't been able to afford to put on the heating."

When claimants are informed of a deduction, they can dispute it or ask for it to be paused because of their financial situation.

But that is not always easy.

"You basically are fobbed off and told to talk to a different office," Ms Crow says.

The BBC has spoken to several debt advisers and support services that reported concerns over the process of challenging debts.

Many claimants, they said, were given little information on how their debt had been incurred, which made it harder to challenge. And unlike in the private sector, the government doesn't face a six-year limit on reclaiming forgotten debts. 

Sylvia Simpson, from the debt advice service Money Buddies in Leeds, told the BBC they had come across cases where deductions had been wrongly taken because of system error.

"The problem is that when there's been an administrative error, and it's not being challenged [within the set timeframe], you end up being liable for it," she says.

"So it's really important that you get advice and find out whether that overpayment is actually correct, because it might not be."

A government spokesperson told the BBC that "universal credit deductions… help recover taxpayers' money when overpayments are made".-bbc

Invest Wisely!

Bulls n Bears 

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INVESTORS DIARY 2023

Company

Event

Venue

Date & Time

Companies under Cautionary

CBZH

GetBucks

EcoCash

Padenga

Econet

RTG

Fidelity

TSL

FMHL

 <mailto:info at bulls.co.zw> 

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

(c) 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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