Major International Business Headlines Brief::: 28 December 2023
Bulls n Bears
info at bulls.co.zw
Thu Dec 28 11:39:09 CAT 2023
<https://bullszimbabwe.com/>
<http://www.bullszimbabwe.com> Bullszimbabwe.com
<mailto:info at bulls.co.zw?subject=View%20and%20Comments> Views & Comments
<https://bullszimbabwe.com/category/blogs/bullish-thoughts/> Bullish
Thoughts <http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO> WhatsApp
<mailto:bulls at bullszimbabwe.com?subject=Unsubscribe> Unsubscribe
Major International Business Headlines Brief::: 28 December 2023
ü Nigeria: Govt to Go After Economic Saboteurs Next Year - Senate Leader
ü Uganda Extends Nigeria's Oranto Petroleum Oil Exploration Tenure
ü Nigeria's Terms of Trade Records 4th Consecutive Quarterly Decline
ü Africa: Dangote's World Class Refinery and Nigeria's Carbon Footprint
ü Nigeria: Electric Taxis Excite Maiduguri Residents, Call for Female
Drivers
ü Angola Airlines Increases Daily Flights to Nigeria
ü Tanzania: Institution to Research Decline in Clove Production
ü Angola: General Hospital of Cacuaco Construction Work Executed At 83
Percent
ü
ü Angola Puts Draft Corporate Income Tax Code Available for Public
Consultation
ü South Africa: Nguni Cattle Handover Boosts Commercialisation Efforts
<https://www.cloverleaf.co.zw/>
Nigeria: Govt to Go After Economic Saboteurs Next Year - Senate Leader
Leader of the Senate, Senator Opeyemi Bamidele has said that the Federal
Government would from next year, go after economic saboteurs, who have made
lives difficult and unbearable for Nigerians.
Bamidele also insisted that the National Assembly would pass the 2024
appropriations bill on December 30, to sustain the January-December budget
cycle.
He made this disclosure at a session with journalists in Iyin Ekiti, saying
all federal lawmakers would have to cut short their holidays to ensure
speedy passage of the 2024 appropriations bill.
At the session, Bamidele expressed concerns about the activities of economic
saboteurs, who were doing everything to keep exchange rates high against the
Naira or trying to make the Naira unavailable to the people who kept their
money in banks.
He, therefore, revealed that the Federal Government "will, from next year,
go after economic saboteurs, who are making life difficult and unbearable
for Nigerians. The Federal Government will charge, prosecute and punish them
for their acts of economic sabotage.
"All these will take place next year. In the long run, those who mopped up
the Naira and Dollars from the markets will face the consequences of their
actions. Those who mopped up the Dollars to keep commodity prices high will
definitely not escape justice.
"Those who are speculating are also on the watch list of the federal
government. At some points, the federal government will have to go after
them," the senate leader revealed the plan of the federal government.
Beyond all these activities of economic saboteurs, Bamidele assured
Nigerians that Nigeria would witness a true era of Renewed Hope that would
herald development, progress and prosperity, citing diverse plans the
administration of President Bola Ahmed Tinubu had put in place to transform
the national economy.
Senate shifts Plenary sitting to Saturday
Meanwhile, the Senate has postponed its plenary sitting from Friday to
Saturday to enable it pass the 2024 Appropriation Bill that was forwarded to
it by President Bola Tinubu.
The Senate had last week adjourned plenary to Friday this week for members
to celebrate the Christmas with their families and friends.
A statement by the Clerk of Senate, Chinedu Akubueze, yesterday, said: "This
is to inform Senators that the plenary sitting of the Senate, which was
scheduled to be held on Friday, has been postponed to Saturday. Any
inconvenience that this shift may cause to Senators is regretted."
-Vanguard.
Uganda Extends Nigeria's Oranto Petroleum Oil Exploration Tenure
Uganda has extended an oil exploration licence to Nigeria's Oranto Petroleum
Ltd. by two years after the company asked for compensation for time lost
during the COVID-19 pandemic.
The permit had been due to expire December 29, and was initially granted to
scour the Ngassa Shallow and Deep areas in the western Hoima and Kikuube
districts in 2017, Solomon Muyita, the Energy Ministry spokesman, said in an
email statement.
Extension of the permit is in line with the country's drive to boost
recoverable oil from current levels of 1.4 Bbbl, according to the statement.
A production sharing agreement, royalties, cost of recovery, and profit
sharing are part of the terms included in the extension, the ministry said.
French oil giant TotalEnergies SE is leading the development of Uganda's oil
fields, alongside China's Cnooc Ltd. and Uganda National Oil Co.
The East African country is aiming to start production to start in 2025.
-Leadership.
Nigeria's Terms of Trade Records 4th Consecutive Quarterly Decline
The Nigeria's Terms of Trade (ToT), for all commodities, recorded a light
decline of 0.03 percentage points in the third quarter of 2023, Q3'23. TOT
measures a the value of the country's trade with other countries where a
decline indicates higher value of imports against exports.
The Q3'23 performance indicates a lower rate of decline with the implication
that the fourth quarter, Q4'23, may likely show the indices in positive
territory.
Findings from the National Bureau of Statistics, NBS, data on Commodity
Prices Indices and Terms of Trade showed that the ToT has been on a negative
trend since Q3'22 of last year when it recorded a fall of 0.50 percentage
points from an increase of 0.11 percentage points in Q2'22.
In its Q3 '23 Commodity Prices Indices and ToT report released yesterday,
NBS said that the decline in Q3'23 was as a result of a 0.04 percentage
points decline in ToT in September.
The bureau also said that the All Commodity Group Import Index increased by
0.21 per cent in Q3'23 and its Export Index increased by 0.18 per cent.
"The All-Commodity Terms of Trade for July, August, and September 2023 stood
at 102.46 per cent, 102.47 per cent, and 102.43 per cent, respectively.
"The All-Commodity Group Terms of Trade increased by 0.01 per cent points in
August and decreased by 0.04 per cent points in September resulting in a
decrease of 0.03 per cent points between July and September 2023.
"The All Commodity Group Import Index increased by 0.21 per cent between
July and September 2023.
"This can be attributed to the increases in the change in the prices of
products of Textiles and textile articles" by +0.37 per cent, "Mineral
products" by 0.36 per cent points and "Wood and articles of wood, wood
charcoal and articles" by 0.29 per cent points.
"The All-Commodity Group Export Index increased by 0.18 per cent between
July and September 2023.
"This is due to changes in the prices of Boilers, machinery, and appliances;
parts thereof (0.36), Vehicles, aircraft, and parts thereof; vessels etc
(0.34), Mineral Products (+0.31) and Plastic, rubber, and articles thereof
(0.22)."
-Vanguard.
Africa: Dangote's World Class Refinery and Nigeria's Carbon Footprint
Following the delivery of two million barrels of crude oil as part of the
requirements for its takeoff, the Dangote refinery will steam to an historic
start in early 2024.
The gigantic petrochemical project, which sits on a 6,180 acre land at the
shores of the Atlantic Ocean in Ibeju Lekki, Lagos, has gulped roughly $20
billion in the seven years of its construction.
At full production, the world's largest single train refinery will process
650,000 barrels of crude oil per day which correspond to 103.34 million
litres of petrol. It has the capacity to also process diesel, aviation fuel,
fertiliser, kerosene and other residual products, such as asphaltene, that
are bound to alter Nigeria's energy landscape and economic trajectory.
As Africa's largest oil-producing nation, with an annual output of 69
million metric tonnes of crude oil out of the continent's 332.2 million
metric tones in 2021, Nigeria is ironically a net importer of refined
petrol. It carried this burden for years after the four state-owned
refineries were grounded for lack of turnaround maintenance.
Besides, the country also wrestled with an opaque bureaucracy that shrouded
the importation of refined fuel and payment of fuel subsidy under successive
governments. But President Bola Tinubu has finally blocked the drainpipes.
This is why the state-of-the-art Dangote refinery cannot be seen merely as
the fulfillment of a personal ambition of its 66-year-old promoter and
Africa's wealthiest person, Aliko Dangote. It is quite frankly much more
than that.
Being a phenomenal industrial behemoth and a national monument, the refinery
has indeed reinforced Nigeria's position as a key player in the global
energy space. Dangote's ultimate goal, if one may guess, is to halt
Nigeria's dependence on imported refined petroleum products and create a
self-sustaining energy ecosystem for Africa's most populous nation.
The brand value of Dangote refinery therefore extends beyond the capitalist
motive of profit optimisation which Nigeria's free economy nonetheless
sanctions. One could imagine the direct multiplier effects when the
refinery eventually creates 135,000 permanent jobs, contributes to critical
skills development and technology transfer, and accelerates the incubation
of an army of small and medium scale entrepreneurs among the youth and
women.
At full operation, it will meet the entire domestic demand for refined
petrol in Nigeria estimated currently at 40 million barrels per day and also
boost the country's foreign reserves as oil accounts for about 90% of the
export earnings.
An interesting twist is that the Dangote refinery has now placed Nigeria at
the center of global debate on fossil fuel and greenhouse gas emissions
attributable to bulk shipping.
Specifically, it has been argued that bulk ships with their heavy discharge
of greenhouse gases are key drivers of carbon footprints in many countries.
However as the conversation gathered momentum keen observers have argued
that oil and gas will remain a core part of the world's energy mix for many
decades.
A recent McKinsey report indicates that about 35 percent of the projected $3
trillion global energy investments by the years 2040 will be deployed in
fossil fuels.
Little wonder Europe and Asia are not slowing down on oil importation.
Perhaps more than any region, Europe has maintained a high volume of oil
import as it took roughly 14.4 million barrels per day in 2022 while China
trailed it with 12.2 million barrels.
Viewed against this reality, Africa must be granted the reprieve to utilise
its crude oil reserve of 125.3 billion barrels for the prosperity of its
1.419 billion people, just as Nigeria is poised to exploit its oil reserves
of 36.9 billion barrels for the nation's development.
Granted that Nigeria is bound by UN Framework Convention on Climate Change
(UNFCCC) as it ratified the Kyoto Protocol in 2004 and the Paris Agreement
in 2017. This was in addition to its pledged Nationally Determined
Contribution to reduce greenhouse gas emissions by 45 percent conditionally
by 2030.
But fact is, the greenhouse gas emissions are driven by several
interconnected factors. These include fuel based energy generation,
inefficient waste management practices, unsustainable industrial activities,
population growth and rapid urbanization.
While these are reasons for genuine concerns, historical data however
indicates that Nigeria's carbon emission footprint in the last six decades
has increased only in arithmetic progression.
>From a record low of 3,406.64 kilo tons in 1960, it has averaged 75,078.22
kilo tons over the past six decades, and only reached an all time high of
127,029.25 kilo tons in 2021. But this pales into insignificance when
compared with over 2.2 million kilo tons of emission attributed to India in
2020 alone.
On the flip side, transportation sector is held accountable for emitting
some of the most noxious gases globally. Ships engines are known to emit
dangerous carbons such as nitrogen oxides, sulfur oxides, and carbon dioxide
as they dive through the belly of the ocean on intercontinental business
voyage.
While transportation sector is estimated to emit roughly seven billion
metric tons of the global carbon dioxide a year, the shipping sub sector is
held responsible for almost 10 percent of the emissions.
Even within the shipping sub sector, bulk ships that lift oil are known to
emit 440 million metric tons of carbon dioxide on average, while container
ships emitted 140 million metric tons per year in 2020. These pose
significant threat to the environment and trigger climate change impacts
around the world.
Currently, emissions from shipping have increased by six percent to reach a
record high of 710 million metric tons from a total of 53.8 billion metric
tons of global carbon dioxide equivalent emitted in 2022. It is only the
domestic production of crude oil by a high impact refinery as Dangote that
can save the country and rest of the world from the harmful effects of
carbon dioxide.
No less mitigation role is expected of an ultramodern refinery that was
conceived based on the promoter's fastidious obsession for adoption of the
very best digital technology in all units of the gargantuan industrial
complex.
Not surprising that Dangote refinery's Nelson complex index is rated at 10.5
whereas most refineries in the US and Europe are indexed 9.5 and 6.5
respectively. This indicates that the capacity and quantity of its chemical
procedure are more than those of many refineries in Europe and America
Evidently, Dangote Refinery fully aligns with global efforts to transition
towards cleaner energy sources. While the refinery primarily focuses on
petroleum products, it also includes a polypropylene plant, emphasizing a
diversified approach that incorporates petrochemicals and derivatives.
This diversification not only adds value to the refinery's output but also
positions Nigeria strategically in the global petrochemical market.
Considering the grim reality of the grave carbon dangers associated with
fuel importation, it is incontrovertible that domestic processing of oil by
Dangote refinery will minimize carbon emissions and promote a more
sustainable and environmentally friendly energy supply chain in Nigeria.
Nigeria: Electric Taxis Excite Maiduguri Residents, Call for Female Drivers
The deployment of electric taxis in Maiduguri has continued to excite
commuters who commended the initiative and called for the employment of
women to drive some of the vehicles.
The News Agency of Nigeria (NAN) recalled that 50 electric cars and 57 mass
transit buses were recently procured and deployed to ease transportation
costs by the Borno Government.
The vehicles were inaugurated by President Bola Tinubu on Dec. 11, in
Maiduguri.
Drivers of the electric taxis charge N100 per passenger, and run on streets
where government-subsidized buses charge N50 per person.
Some commuters said it was an exciting experience using the electric
vehicles, adding that it had added value to the city's transportation
system.
A resident, Amina Audu, expressed satisfaction with the services offered by
the electric vehicles, urged the government to deploy more and employ female
drivers for some of the cabs.
"Many of us (women) are excited with the taxis to the extent of taking
selfies while taking a ride, we wish for more of them and the need to have
female drivers for some of the beautiful cars," she said.
A passenger, Ibrahim Khalifa said using the electric vehicles was very
convenient and cheaper.
"They carry four passengers; one in front and three at the back and the fare
is N100 per passenger. Some people in a hurry will just pay N400 or N500 for
the taxi to carry one or two of them to their destinations," he added.
Khalifa advised the agency managing the electric vehicles, Borno Express
Corporation, to ensure proper maintenance of the vehicles.
Ibrahim Grema, a driver of one of the electric cars, said it needed about
one and half hour for the car's battery to get fully charged, after which
one can use the vehicle for 12 hours.
"We work from six to six, and so far so good since we started in terms of
patronage and car performance; at times I close work with 40 per cent charge
remaining," Grema said.
Also, two other drivers, Umar Mohammad and Mohammed Kachalla, called on the
Borno express corporation to install more charging points for the vehicles,
as there are only two presently.
-Vanguard.
Angola Airlines Increases Daily Flights to Nigeria
Luanda Angola airlines TAAG has said it will increase Luanda-Lagos
(Nigeria) daily flights from January 8, 2024, a statement from the company
said, ANGOP has learnt.
Currently, the Luanda - Lagos route has five flights a week, operated on
Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays, by a Boeing 737-700
aircraft with capacity for 120 passengers, 102 in economy class and 12 in
business class.
The company said it aims to provide greater availability and mobility
options for its passengers and customers, underscoring that Nigeria is one
of Africa's largest economies and that Lagos is one of TAAG's main regional
destinations, with growing indicators of market demand, especially from
corporate passengers, the statement said.
It adds that the measure will boost trade and mobility between Angola and
Nigeria, as well as positioning Luanda as a hub for other destinations
operated by TAAG.
TAAG has been increasing connectivity on regional routes, having recently
increased flight frequencies to the island of São Tomé (São Tomé and
Príncipe), Windhoek (Namibia), Ponta Negra (Republic of Congo) and Maputo
(Mozambique), the statement said.
TAAG continues to offer increasing connectivity and customer convenience
services, positioning Angola as a preferred destination or hub for regional
and intercontinental connections.
Founded in 1938, the Luanda-based company has been connecting Angolans
through domestic and international connections. It leads the aviation market
in Angola currently flying for 12 domestic and 13 international destinations
with passengers and cargo. EH/AC/TED/AMP
-ANGOP.
Tanzania: Institution to Research Decline in Clove Production
ZANZIBAR: THE Zanzibar Agricultural Research Institute (ZARI) is expected to
benefit from funds provided by the Tanzania Commission for Science and
Technology (COSTECH) to support research in various institutions in the
country.
ZARI Director Dr Mohammed Dhamir Kombo said that the commission has received
a total of 70m/- to support research work to be conducted by various higher
learning institutions, including the Zanzibar Agricultural Research
Institute.
Dr Kombo explained that ZARI has planned to assess the challenges facing
cloves, and the Zanzibar government, through its Zanzibar Planning
Commission, has allocated an additional 30m/- to support a thorough study or
assessment of why clove production has dropped.
"ZARI will use these funds to investigate and analyse the reasons that have
led to the decline in clove production," said Dr Kombo, adding that the
study will begin soon and will examine the indicators and challenges of the
decline in clove production.
ZARI will also provide the best methods to overcome these challenges and
increase production, enhance the value of the crop, and improve productivity
for farmers and the nation as a whole.
Dr Kombo informed that previously, clove production was more than 30,000
tonnes, but it has been declining since the mid-1990s. In 2022, the
production was only 8,736 tonnes.
Since 2010, the government has implemented various measures, including
distributing seedlings free of charge to farmers and raising the buying
price from 5,000/- to 14,000/-.
COSTECH Director General Dr Amos Nungu said that the commission has been
soliciting funds from various stakeholders to support research conducted in
the country in order to compete in the market.
He also informed that the research on clove production is urgent after the
Zanzibar Planning Commission evaluated it and found a decline annually
despite the government's interventions.
Dr Nungu further explained that four higher learning institutions have won
research funds through a competitive proposal.
He said that the commission received 250,000 US dollars from development
partners, and the funds will support research at Sokoine Agricultural
College (SUA), the University of Dodoma (UDOM), the Tanzania Agricultural
Research Institute (TARI) in Kibaha, and the Research Institute of Marine
Life in Tanzania (TAFIRI).
-Daily News.
Angola: General Hospital of Cacuaco Construction Work Executed At 83 Percent
Cacuaco The construction works at the General Hospital of Cacuaco,
province of Luanda, which began in 2021, are at a level of physical and
financial execution of 83.1 percent and its opening is expected to take
place in the first quarter of 2024.
The guarantee was given by the work inspection coordinator, Fernando Gomes,
in statements to ANGOP, after an inspection visit to the works, carried out
on Wednesday, by the Minister of Health, Silvia Lutucuta.
Fernando Gomes said that despite the rain, which has hampered its progress
on the outside, the work is at a considerable level of physical execution.
The hospital has a main building, consisting of the blocks that correspond
to the emergency, logistics and laboratory areas, as well as block B with
two floors, for outpatient consultations, blocks C, with two floors for
hemodialysis and rehabilitation, D, which will house the Hematology
laboratory, and five peripheral buildings for Oncology, cafeteria, support
for the technical area, morgue and laundry.
During the visit, Minister Silvia Lutucuta confirmed the progress of the
works and said they are at an "accelerated pace", since the inauguration is
still expected at the end of the first quarter of 2024.
Started in November 2021 and with an initial execution period of 36 months,
the HGC will cost the Angolan State 139 million and 216 thousand euros.
With this infrastructure, located in the Urban District of Sequele, the
number of health units in the district will be increased to 21, including
six medical centers, 13 health posts and one municipal hospital.
the municipality is composed of the Urban Districts of Cacuaco, Kicolo,
Mulenvos de Baixo and Sequele, as well as the Commune of Funda.
COF/SEC/ART/DOJ
-ANGOP.
Angola Puts Draft Corporate Income Tax Code Available for Public
Consultation
Luanda The draft Corporate Income Tax Code (IRPC) has been made available
for public consultation, with the aim to gather contributions and a more
comprehensive analysis of the legal tool, The General Tax Administration
(AGT) has said.
According to the AGT, the aim of making it available is to stimulate public
debate and collect contributions that meet the goals of the Angolan
government and its national and international social partners.
The IRPC, which is based on reducing technical complexity and unifying
declaratory procedures, will be available for public consultation until
January 31, 2024 on the AGT and the Ministry of Finance websites, namely
www.agt.minfin.gov.ao and www.minfin.gov.ao, respectively.
Citizens can send their contributions to consulta.publica at minfin.gov.ao.
AGT has urged for major participation of the society, especially the
academic community, business community and all professionals involved in tax
and accounting activities related to the taxation of income from industrial,
capital investment and property taxes.
The draft corporate income tax code aims to implement a simpler and more
modern income tax system, it is aimed for entities carrying out commercial
and industrial activity as their main activity and entities that carry out
sporadic or ancillary acts of commerce, such as condominiums and
associations without legal personality.
The tax also covers non-resident entities with or without legal personality
that obtain income in the country not attributable to a permanent
establishment and not subject to the personal income tax regime.
Objectives of the IRPC
The Corporate Income Tax Code is essentially aimed at the general
reformulation of the taxation of the income of legal persons and similar
entities, as well as increasing the fiscal competitiveness of companies.
The objectives include strengthening business, broadening the tax base,
introducing greater tax justice and boosting revenue collection.
The IRPC seeks to align itself with international best practice, eliminate
international double taxation, promote a closer relationship between
taxation and accounting, and reduce tax evasion and fraud and to introduce
rules on transfer pricing and groups of companies. QCB/AMP
-ANGOP.
South Africa: Nguni Cattle Handover Boosts Commercialisation Efforts
Farmers in the Eastern Cape have welcomed the handover of 17 Nguni cattle
bulls as part of the Livestock Production Improvement Scheme (LPIS).
The handover was recently officiated by the Eastern Cape MEC of Rural
Development and Agrarian Reform, Nonkqubela Pieters.
The provincial Department of Rural Development and Agrarian Reform (DRDAR)
is driving the commercialisation of livestock development in communal and
smallholder farming communities in order to increase red meat production in
the Eastern Cape.
Through partnerships with the private and public sector, the department
continues to support farmers to participate in the agricultural value chain,
contribute to the economy and create jobs.
The livestock was handed over to farmers in the Sarah Baartman, Amathole and
OR Tambo Districts. The initiative was made possible by the department in
partnership with the East Cape Nguni Club and the Dohne Agricultural
Development Institute.
"...These cattle [are beautiful] and they are given to [the farmers] so that
they can make money. I'm giving [them] a responsibility to guard their
money.
"Our aim is to develop farmers to become commercial, hence this programme
and we encourage farmers to guard and use these animals wisely for the
benefit of their businesses," Pieters said.
Farmers expressed their gratitude, saying the bulls will improve the quality
of their livestock and fetch good prices at the market.
Ntombomzi Qeqe-Lwana, of Die Vlagte farm in Somerset East, hailed the
department's endeavours to ensure communal farmers are given resources and
investments that will help them produce quality meat and get profits.
"I thank the department very much for these Nguni bulls because it will
assist me to change my flock and my customers will get satisfaction. This
handover came at a good time. When we start the new year, we will know we
have quality breeds to develop our cattle.
"It's a good programme as it assists us to venture into markets and get
profits so that we can fend for our families and create employment,"
Qeqe-Lwana said.
Sicelo Rozani from Libode said he was farming with both cattle and sheep. He
applied for assistance from the department and was elated to get two bulls.
"We are very grateful to the department for this gift. It will assist us in
growing our enterprises in the rural space," Rozani said.
In the 2023/24 financial year, the department set aside a budget of R12.8
million to support communal and smallholder farmers with 250 cattle, 500
sheep and 200 goats to enhance red meat and animal fibre development in the
province.
-SAnews.gov.za.
Invest Wisely!
Bulls n Bears
Cellphone: <tel:%2B263%2077%20344%201674> +263 77 344 1674
Alt. Email: <mailto:info at bulls.co.zw> bulls at bullszimbabwe.com
Website: <http://www.bullszimbabwe.com> www.bullszimbabwe.com
Blog:
<https://bullszimbabwe.com/category/blogs/bullish-thoughts/>
www.bullszimbabwe.com/blog
Twitter: @bullsbears2010
LinkedIn: Bulls n Bears Zimbabwe
Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe
Skype: Bulls.Bears
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
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231228/21106922/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.png
Type: image/png
Size: 9458 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231228/21106922/attachment-0004.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.png
Type: image/png
Size: 301380 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231228/21106922/attachment-0005.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.png
Type: image/png
Size: 1290470 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231228/21106922/attachment-0006.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image005.png
Type: image/png
Size: 34378 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231228/21106922/attachment-0007.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: oledata.mso
Type: application/octet-stream
Size: 65564 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231228/21106922/attachment-0001.obj>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image008.jpg
Type: image/jpeg
Size: 38376 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231228/21106922/attachment-0002.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image009.jpg
Type: image/jpeg
Size: 29329 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231228/21106922/attachment-0003.jpg>
More information about the Bulls
mailing list