Major International Business Headlines Brief::: 13 October 2023

[Bulls n Bears]

 <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:::  13 October 2023 

 


 

 


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

 


 

 


 

ü  South Africa: Govt Social Grants Support 19 Million Citizens

ü  Nigeria: 8 Years After, CBN Opens Forex Border to 43 Banned Items

ü  South Africa: Cape Town International Airport Runway Shut Down After
Hydraulic Fuel Spill

ü  South Africa: Almost 4,000 Households Still to Be Moved Off Cape Town
Railway Land

ü  Rwanda: Six Rwandan Students Develop Tech to Power China's First AI
Satellite'

ü  Africa: VP Urges Africa to Boost Domestic Market for Cashews

ü  Uganda: General Katumba Wamala Wants Uganda Airlines to Fly to More
Indian Cities

ü  Nigeria: Fire Outbreak As Residents Scoop Fuel From Fallen Tanker in
Lagos

ü  Kenya: KQ Flight to London Cleared, No Security Threat Detected

ü  Nigeria: Lagos Begins Removal of Illegally Parked, Abandoned Trailers Off
Apapa-Oshodi Expressway

ü  UK hits back at World Bank criticism over aid cuts

ü  Tourists spending thousands to get out of Israel

ü  US inflation: Higher fuel costs keep driving consumer prices

ü  TikTok latest firm after X and Meta to be warned by EU over Hamas videos

ü  King Charles III new coins designed to help children to count

 


 

 


 <https://www.cloverleaf.co.zw/> South Africa: Govt Social Grants Support 19
Million Citizens

South Africa has close to 19 million citizens surviving on permanent
government social grants and it's costing the taxpayer more than R200
billion per year, reports News24. In addition, about 8.5 million recipients
are receiving the R350 COVID-19 Social Relief of Distress (SRD) grant,
incurring expenses of R30.2 billion for the 2022/23 financial year. Delays
and irregular payments contribute to the financial burden. The South African
Social Security Agency (Sassa) is responsible for more than 27 million
beneficiaries each month, representing about 45% of the country's
population. This information was shared during a Portfolio Committee on
Social Development meeting, where concerns about audit issues,
administration problems, and the impact of high unemployment were raised.
Social grants reduce poverty and contribute to the reduction of income
inequality in the country.

 

 

Sanral Chair Earned Double Despite Missing Road Targets

 

Themba Mhambi, board chair of the South African National Roads Agency
(Sanral), earned R3 million in board fees over the past financial year, more
than double that of former Transnet chair Popo Molefe or Eskom chair
Malegapuru Makgoba in 2022, reports News24. This makes him one of the
highest-earning chairpersons in the public sector, despite chairing one of
the smaller entities. Sanral held 24 board meetings over the period of
2022-2023, 19 of which were "special board meetings". Despite achieving an
unqualified audit, Sanral underperformed during the period under review,
completing only half of its planned road network projects. Sanral also
failed to meet the conditions for a R22.7 billion debt relief from the
Treasury, creating doubts about its financial sustainability. The debt
relief was meant to address unpaid e-tolls, but Gauteng has yet to
contribute their share.

 

R5.4 Billion Recovered from Guptas' R72.3 Billion Loot

 

The National Prosecuting Authority's (NPA) Asset Forfeiture Unit (AFU) and
its partners have managed to restrain or preserve R14 billion of the R72.3
billion looted from the state by the Gupta family, with R5.4 billion
successfully recovered, reports News24. Despite unsuccessful extradition
attempts, the NPA, under the leadership of Director of Public Prosecutions
Shamila Batohi, emphasised its significant progress in combatting state
capture. The NPA's Investigating Directorate has undertaken 99
investigations and initiated 34 cases involving 205 accused individuals.
This information is contained in the NPA's presentation on its annual report
to the Portfolio Committee on Justice and Correctional Services.

 

More South African news

 

 

 

Nigeria: 8 Years After, CBN Opens Forex Border to 43 Banned Items

The Central Bank of Nigeria (CBN) has lifted the ban on 43 food and non-food
items previously restricted from accessing foreign exchange from the
official window, a move that would put more pressure on the Naira, and
discourage local manufacturing of the items.

 

In June 2015, the CBN published a list of imported goods and services that
will not be eligible for foreign exchange in the Nigerian foreign currency
market through a circular. The list which was originally 41 was updated to
include two more items.

 

"Importers of all the 43 items previously restricted by the 2015 circular
referenced TED/FEM/FPC/GEN/01/010 and its addendums are now allowed to
purchase foreign exchange in the Nigerian Foreign Exchange Market," the apex
bank said in a statement that was issued by its director of corporate
communications, Isa AbdulMumin, yesterday.

 

This as the value of the naira came under intense pressure, sliding to
N1,050/$1 to the dollar on the streets as against N1,025 which it was
previously, even as the Central Bank of Nigeria seems to have commenced its
intervention in the foreign exchange market.

 

 

The aim of imposing the foreign exchange restriction on the items was to
encourage local production, sustain the stability of the naira and ensure
the efficient utilisation of forex.

 

However, the CBN statement failed to give reasons for lifting the FX
restriction on the items. Nigeria's economy is still import-dependent. In
the second quarter of 2023, Nigeria's total imports amounted to N5.726
trillion, according to official figures.

 

The CBN also said it will continue to promote orderliness and professional
conduct by all participants in the Nigerian foreign exchange market to
ensure market forces determine exchange rates on a willing buyer-willing
seller principle.

 

In the statement, CBN reiterated that the prevailing foreign exchange rates
should be referenced from platforms such as the CBN website, FMDQ, and other
recognised or appointed trading systems to promote price discovery,
transparency, and credibility in the FX rates.

 

"As part of its responsibility to ensure price stability, the CBN will boost
liquidity in the Nigerian Foreign Exchange Market by interventions from time
to time. As market liquidity improves, these CBN interventions will
gradually decrease," it said.

 

The CBN further said it was committed to accelerating efforts to clear the
FX backlog with existing participants and would continue dialogue with
stakeholders to address the issue.

 

"The CBN has set as one of its goals the attainment of a single FX market.
Consultation is ongoing with market participants to achieve this goal,"
AbdulMumin stated.

 

The lifting of the forex ban will expand the nation's import bill, worsen
the pressure on the local currency and deplete the CBN's foreign reserve as
more dollars would be needed to import the items.

 

 

Nigeria's foreign exchange reserves dropped to $33.23 billion at the end of
the third quarter (Q3) of 2023. The reserve suffered a drop of over $500
million in the first week of September.

 

Between 2015 and half year 2017, the restriction on certain items led to a
65 per cent drop in the country's monthly import bill, from an average of
$5.5 billion to $1.9 billion. According to official documents, rice import
to Nigeria fell by 99 percent to about 784 metric tonnes since the
implementation of the figure.

 

Most economic watchers believe that with the new development, the value of
the naira will depreciate beyond the current $1/1050.

 

Operators in the manufacturing sector believe that the development will
compound the many challenges facing the sector, including the unrelenting
increase in production costs. The implication is a possible loss of more
jobs as local manufacturers would be forced to compete with imported
products - which are mostly cheaper.

 

Another fear is that lifting the ban would make Nigeria a dumping ground for
foreign manufacturers of the products through neighbouring countries,
especially as the operationalisation of the African Continental Free Trade
Agreement (AfCFTA) takes full effect.

 

The Nigerian manufacturing sector suffered a 4.1 per cent decline in
capacity utilisation in the second half of 2022, according to the H2 2022
bi-annual economic review of the Manufacturers Association of Nigeria (MAN).

 

The items hitherto banned from access FX are rice, cement, margarine, palm
kernel, palm oil products, vegetable oils, meat and processed meat products,
vegetables and processed vegetable products, poultry and processed poultry
products, tinned fish in sauce (Geisha)/sardine, cold rolled steel sheets
and galvanised steel sheets.

 

Other items on the list include roofing sheets, wheelbarrows, head pans,
metal boxes and containers, enamelware, steel drums, steel pipes, wire rods
(deformed and not deformed), iron rods, reinforcing bars, wire mesh, steel
nails, security and razor fencing and poles, wood particle boards and
panels, wood fibreboards and panels, plywood boards and panels, wooden
doors, toothpicks, glass and glassware and kitchen utensils.

 

Also on the list are tableware, tiles-vitrified and ceramic, gas cylinders,
woven fabrics, clothes, plastic and rubber products, polypropylene granules,
cellophane wrappers and bags, soap and cosmetics, tomatoes/tomato pastes and
Eurobond/foreign currency bond/ share purchases.

 

Naira Hits N1,050/$1 as I&E Window Inflow Spikes by 1,300%

 

Meanwhile, the naira exchange rate continued its downward trend yesterday on
the streets, even as it gained on the Investors' and Exporters' (I&E)
window.

 

Inflows into the Investors' and Exporters' window, which is also known as
the Nigeria Autonomous Foreign Exchange (NAFEX), soared to $407.66 million
as against $29.06 million recorded on Wednesday, more than 1,300 per cent
increase over the previous inflow.

 

Currency changers in the street of Lagos told LEADERSHIP Friday that the
naira changed for between N1,050 and N1,052 to the dollar. Meanwhile, the
value of the naira at the I & E window appreciated to close at N759.20 per
dollar as against N766.41.

 

The CBN has said it will continue to intervene in the foreign exchange
market so as to meet the high demand for the greenback at the official
market where a backlog of requests are yet to be met.

 

Experts Laud CBN Move

 

Reacting to the development, chief executive officer (CEO), Centre for the
Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, welcomed the lifting
of the forex ban on 43 items by the CBN.

 

To him, "it is a move in the right direction. It is part of the policy
normalisation process. The exclusion of the 43 items was one of the several
drivers of distortions in the forex market. The exclusion of the items also
contributed to the persistent divergence in rates between the official
window and the parallel market.

 

"The exclusion was also in conflict with extant trade policy as the items
were not under import prohibition in the first place. It was an example of
lack of policy coordination under the previous administration."

 

The new directive, he added, will also improve transparency and disclosures
in foreign exchange transactions.

 

He, however, warned the apex bank to avoid market suppression tendencies,
especially outside the I&E window, adding that all policy impediments to
forex inflows should be removed.

 

The fiscal authorities should also continually monitor the economic
landscape to shape the character of fiscal policy measures to regulate
imports in line with comparative advantage principles.

 

"We need to worry about the risk of import surge. There is also need to
upscale the use of fiscal policy measures to boost domestic production and
productivity," he added.

 

Also, commenting on the lifting of foreign exchange restrictions on the 43
items, analysts at Cardinal Stone Research, in an emailed note, described it
as a move to gradually improve confidence in the FX market, which had been
weighed down by long-dragging illiquidity and unorthodox policies.

 

"We recall that the ban was instituted due to a material plunge in forex
inflows. Thus, to forestall the re-occurrence of the underlying drivers of
dollar demand management and unorthodox forex policies in Nigeria, the
supply of forex will have to improve sooner rather than later.

 

"To improve forex supply, the CBN and fiscal authorities may have to
evaluate the possibility of raising dollar facilities (via Diaspora bonds,
Eurobonds or concessionary loans from bilateral/multilateral institutions),
and asset sales (full or partial), among others.

 

"Curbing oil theft, enhancing domestic oil production efficiency, and
issuing new oil mining licenses are potential short-to-medium solutions."

 

-Leadership.

 

 

 

 

South Africa: Cape Town International Airport Runway Shut Down After
Hydraulic Fuel Spill

Passengers were left frustrated on Thursday after the main runway at Cape
Town International Airport was closed, causing flight delays and
cancellations.

 

Flights were delayed or diverted from Cape Town International Airport on
Thursday after the airport's main runway was closed when an aircraft
reporting a technical issue leaked hydraulic fuel.

 

Airports Company South Africa (Acsa) said the runway was closed just after
2pm for safety reasons. Acsa said the runway would be "reopened shortly",
but in a statement released after 9pm, it said the runway remained closed.

 

 

"The main runway was closed just after 2pm this afternoon. However, the
secondary runway has remained available to small gauge aircraft. As a
result, both arrival and departure flights have been impacted," Acsa's
statement reads.

 

"The aircraft in question was subsequently removed from the main runway, and
this was followed by a runway inspection. Acsa is currently busy with
clean-up operations, during which time the main runway will remain closed as
the safety of our passengers and staff is our top priority.

 

"We would like to take this opportunity to apologise to all our customers
and stakeholders for any inconvenience caused. The matter is receiving
attention at the highest level of our airport management team.

 

"Travellers are advised to contact their respective airlines for more
information."

 

FlySafair posted an update on X just after...

 

-Daily Maverick.

 

 

 

South Africa: Almost 4,000 Households Still to Be Moved Off Cape Town
Railway Land

While plans for temporary relocation of 891 households occupying the Central
Line are making progress, thousands of households remain on the railway

 

More than 1,000 households have been temporarily moved off the railway line
in Langa. The Central Line to Khayelitsha currently only runs as far as
Nyanga.

Land has been identified and cleared for the further temporary relocation of
891 households occupying the line in Philippi.

But the permanent relocation of the Langa households, and almost 4,000
households still occupying PRASA land in Philippi and Khayelitsha, remains a
challenge.

While immediate intervention to resume the rail service along Cape Town's
Central Line to Khayelitsha, even if on a limited scale, was on track for
March next year, the long-term, permanent relocation of households still
occupying the line remains a challenge. This was according to Housing
Development Agency (HDA) provincial head Ndumiso Mkhwanazi, addressing while
addressing SCOPA.

 

 

It emerged during a meeting of Parliament's Standing Committee on Public
Accounts (SCOPA) on Wednesday that nearly 4,000 households still occupy
PRASA-owned land in Philippi and Khayelitsha.

 

Shacks were built on the rail reserve and rail line in Langa, Phillipi, and
Khayelitsha during the Covid lockdown in 2020. Trains had already stopped
running on the Central Line in October 2019 due to theft and vandalism. The
situation was exacerbated by PRASA's cancellation of security contracts.

 

Currently, the line has been reinstated as far as Nyanga, after over 1,250
households occupying the line at Langa were temporarily relocated. However,
in a joint presentation to SCOPA by the Housing Development Agency (HDA) and
PRASA, HDA provincial head Ndumiso Mkhwanazi said the main challenge to
reopening the Central Line - dubbed Operation Bhekela - was finding land to
permanently relocate the households occupying the line.

 

Mkhwanazi said R117-million was needed for the permanent relocation of the
Langa households, and there were also 3,941 households occupying PRASA land
in Philippi and Khayelitsha. Of these, 891 households were being temporarily
relocated to land next to the Stock Road train station in Philippi.

 

He said land for the Langa households had been identified and a rezoning
application had been lodged with the City of Cape Town in August. The
rezoning process would take until March next year. Only then would they be
able to move to the next phase. Funding for this would come from the
Informal Settlements Upgrading Grant in the 2024/25 financial year. The
estimated completion date for the Langa permanent relocation was February
2025.

 

He said land still needed to be acquired for the households in Philippi and
Khayelitsha. This included the households being temporarily relocated to the
Stock Road station land. This would be Operation Bhekela phase 2.

 

 

He said about R50-million was needed to acquire land. Meetings with National
Treasury had determined the earliest the funding could be secured was
"possibly through the mid-term budget adjustment".

 

He said the length of time it would take to finalise permanent accommodation
was the "main risk" to Operation Bhekela, as communities had stressed they
want confirmation of where they are ultimately to be moved.

 

He said the steering committee had resolved that PRASA would capitalise
their costs related to land acquisition. This included R12.7-million
provided by the HDA, which would have to be reimbursed, and the estimated
R50-million for the phase 2 land acquisition. He said it was possible PRASA
and HDA would enter into a funding agreement, and the land would ultimately
be transferred to the City to enable the provision of basic services.

 

Work being done on temporary relocation site

 

Mkhwanazi said the assessment of the suitability of Stock Road station land
for temporary housing had been completed by a newly appointed contractor on
13 September.

 

He said the land was suitable, but was being levelled and sloped, as there
were low-lying areas where water pooled during the winter rains, most
recently highlighted by the storms in mid-September.

 

Also, a fence needed to be built along the adjacent railway line to provide
protection from the trains which were going to run. Access roads for
vehicles needed to be built, and a buffer for the electrical power lines
that run across a portion of the land needed to be put in place.

 

He said a meeting with the communities living on the Central Line had taken
place on 11 September to "ensure their continued buy-in to the relocation
programme".

 

Future temporary relocation of the remaining households living further along
the rail line was not discussed.

 

Community engagement

 

PRASA CEO Hishaam Emeran told SCOPA there had been "detailed engagements"
with residents in ward 88, where the Stock Road station was situated, and
the contractor had been introduced to the community with a site visit on 20
September.

 

Emeran said there had also been consultation with ward 34, where households
occupied the rail line. He said job opportunities related to the relocation
had been discussed, as well as the commencement of the relocation and
resumption of work on the Philippi station. He said work at the Philippi
station had been halted by the communities, but he was "happy to report" the
contractor was back on site and agreement had been reached that work could
proceed.

 

 

There had also been extensive and ongoing engagement with the Philippi
business forum,

 

He said media reports that the open land at Stock Road station identified
for temporary relocation was used for traditional Xhosa initiation rituals
"took the team completely by surprise". He said the use of the land for
initiation purposes had since been confirmed, but it took place to the east
of the open plot, on a section owned by Eskom. He said initiation practices
would not be impacted by the temporary housing, and the land on which it
took place would be fenced off to provide privacy to initiates.

 

He said 1.2-metre by 2-metre concrete slabs on which the temporary housing
would be built were already being pre-cast off site. These would take about
three weeks to complete, and the clearing and fencing of the land would take
about ten days.

 

He said 100 jobs would be provided by the temporary relocation project. Of
these 60 would be assigned to people from ward 88, and 40 to the households
being relocated. He said it had been agreed the City of Cape Town would
provide services to the site.

 

SCOPA chair Mkhuleko Hlengwa said the committee would meet again in November
to determine progress.

 

Dispute over land acquisition

 

It emerged in the previous SCOPA meeting on the reopening of the Central
Line, convened on 29 August, that the Department of Human Settlements had
lodged a dispute with the City of Cape Town. This was related to the
department having in March provided the City R50-million for the acquisition
of land on which the railway occupiers could be permanently settled. But the
City had returned the R50-million to the National Treasury, claiming they
could not spend it within the two months left in the financial year.

 

But it is unclear whether a formal intergovernmental dispute had been
declared. At the 29 August meeting, SCOPA chair Mkhuleko Hlengwa, said there
appeared to be "a dispute of the dispute", and clarification could not be
obtained without input from the Department of Cooperative Governance and
Traditional Affairs.

 

In response to questions from GroundUp, COGTA spokesperson Tsekiso Machike
said there was no formal intergovernmental dispute as per the
Intergovernmental Relations Framework Act (IGRFA), but Human Settlements
Minister Mmamoloko Kubayi had requested COGTA Minister Thembi Nkadimeng
provide an intermediary.

 

Machike said at a meeting on 18 September, the parties agreed the project
steering committee meetings would be reconvened as a matter of urgency. He
said the respective accounting officers should urgently resolve the
financial and funding aspects of the implementation of the project, which
would be done through project steering committee meetings, to which the
COGTA director-general could be invited.

 

In his presentation on Wednesday, Mkwhanazi mentioned the intergovernmental
meeting mediated by COGTA on 18 September, and said it had been resolved
that the human settlements department would approach treasury for the
R50-million "that was lost". He said a request had been submitted, but not
supported by treasury, which proposed the funding could be obtained at the
mid-term budget adjustment.

 

-GroundUp.

 

 

 

Rwanda: Six Rwandan Students Develop Tech to Power China's First AI
Satellite

The Rwanda Space Agency (RSA) and STAR.VISION Aerospace Limited
(STAR.VISION) have made a leap in satellite technology by incorporating
artificial intelligence (AI) into China's WonderJourney-1A (WJ-1A)
satellite.

 

The WJ-1A satellite, launched in August, now features a cutting-edge AI
algorithm created by talented Rwandan students. This innovative algorithm,
designed to enable machines to learn, analyze data, and make autonomous
decisions, will soon be integrated into the satellite's String Edge AI
platform. RSA and STAR.VISION entered into a memorandum of understanding in
March, with the aim of pushing the boundaries of space technology.

 

 

The primary objective behind this achievement is the development of AI
algorithms capable of autonomously assessing land use and generating
essential statistics. To bring this vision to life, a team of six students
from the University of Rwanda (UR), Carnegie Mellon University Africa, and
the African Institute for Mathematical Sciences (AIMS) collaborated under
the mentorship of RSA engineers.

 

These pioneering algorithms will empower the WJ-1A satellite to process
images in real-time, eliminating the need for data transfers back to Earth.

 

At the heart of this remarkable technological advancement is the String Edge
AI Platform, a robust AI system embedded within the satellite. This
intelligent operating system equips the satellite to observe and process
data in real-time, eliminating the necessity of transmitting data to Earth
for processing.

 

Col. Francis Ngabo, CEO of RSA, expressed his enthusiasm for the project's
success, saying, "With the guidance we provided, we challenged students from
academic institutions we have partnered with to develop satellite-based
algorithms addressing real-world challenges. The result is a
Rwandan-developed technology for automated land use assessment and
statistics generation using AI algorithms."

 

Ngabo added that the aim is to establish Rwanda as a key player in space
technology and its diverse applications.

 

Noor Fan, co-founder of STAR.VISION, praised the fruitful collaboration,
stating, "We take pride in the achievements of our collaboration with RSA.
The AI algorithms, crafted by Rwandan students for automated land use
assessment, have undergone successful testing. I am delighted to announce
that this innovation will soon be integrated into one of STAR.VISION's
satellites."

 

Fan also emphasized their intention to expand the scope of this
collaboration, with the goal of catalyzing transformative changes both
within Rwanda and across the global space technology community.

 

-New Times.

 

 

 

Africa: VP Urges Africa to Boost Domestic Market for Cashews

VICE-PRESIDENT, Dr Philip Mpango has called on African countries to boost
local consumption of cashewnuts and their by-products and tap into the
enormous continental market of almost 1.4 billion people, under the African
Continental Free Trade Area (AfCFTA).

 

Launching Tanzania International Cashew Conference in Dar es Salaam on
Wednesday, Dr Mpango also tasked the Ministry of Agriculture to fast track
investments in cashew processing factories.

 

"It is imperative for African countries to work on reducing cashews consumer
prices, so as to promote regional market for the crop and its related
products, said Dr Mpango at the conference organised by African Cashew
Alliance in collaboration with the Ministry of Agriculture and the Cashewnut
Board of Tanzania (CBT).

 

 

The conference brought together farmers, processors, cooperatives, traders,
regulators, consumers, financial institutions, development partners, policy
makers and other stakeholders of the cashew value chain.

 

"Africa has a huge potential market of an estimated 1.4 billion people under
the African Continental Free Trade Area, lets maximise this potential," he
said.

 

"Let us buy and consume cashewnut produced in our continent...But for this
to happen, consumer prices must be affordable to the majority of our
people," Dr Mpango underlined.

 

He implored the cashew growing countries in Africa to check and put an end
to malpractices in the industry such as unfair grading of cashews and supply
of counterfeit pesticides.

 

He also invited potential investors to invest in the Tanzania's cashew
industry, saying the country has a comparative advantage in the cashew
industry, manifested in its vast arable land and favourable weather
conditions.

 

"Tanzania's cashew harvest period (September-December) is the off season for
other main producers (India, Vietnam and West Africa). Additionally,
Tanzania's soil and weather support growing of the large-sized cashew nuts
species," he added.

 

Dr Mpango said under the agriculture sector transformation agenda 10/30, the
country is set to increase the growth of the agriculture sector from the
annual average growth rate of 5 to 10 per cent by 2030.

 

"Similarly, production of raw cashews is projected to increase from an
annual average of 220,000 tonnes over the last ten years (2013/14-2022/23)
to 1,000,000 tonnes per annum by 2030, with intermediate targets of 400,000
tonnes in 2023/24 and 700,000 tonnes by 2026/27," Dr Mpango added.

 

 

"These interventions are expected to scale up cashew nuts production and
maintain Tanzania's position as one of the top three producers in Africa,"
he added.

 

He said the country also aims to process 60 per cent of raw cashew in order
to add value and broaden its market, as well as promoting local consumption
of cashew nuts and its by-products such as jam, juice, cashew milk, wine,
ethanol and oil.

 

He said although several strides have been made, cashew growing countries,
including Tanzania, still face some challenges such as about 90 per cent of
produced cashew nuts is exported in raw form, thus fetching low prices.

 

"Export of raw cashew nuts is also tantamount to exporting jobs and
earnings... those that are associated with extraction of the by-products.
Therefore, every effort must be made to invest in modern processing
facilities, roasteries and packaging techniques of our cashew prior to
exportation." He emphasised.

 

For his part, Agriculture Deputy Minister David Silinde said the government
continues to focus on increasing the amount of locally processed raw cashew
nuts in the country, including providing education, quality machines and
providing a friendly environment for local cashew processors to source raw
cashew nuts through primary market.

 

"We have already started increasing scope of processing to reach 60 per cent
by 2030...One of the major initiatives is the establishment of Maranje
Industrial Park in Mtwara region," he added.

 

Domestic demand for cashew is low in Tanzania and the rest of Africa despite
booming production.

 

The continent's output in 2022 represents 58 per cent of the global cashew
harvest, from 37 per cent in 2008, according to the Africa Cashew Alliance
(ACA).

 

Côte d'Ivoire is by far Africa's biggest cashew harvester. According to
figures released by commodities markets analysts N'kalô the West African
nation produced 1.123 million tonnes of cashew in 2021, a phenomenal 18 per
cent leap from 2020. In 2022, Côte d'Ivoire again breached the 1 million
tonne mark. In 2019, Côte d'Ivoire was the world's third-largest producer
(with 731,000 tonnes), after Vietnam (2.6 million tonnes) and India (786,000
tonnes).

 

In East Africa, Tanzania (300,000 tonnes) Mozambique (122,000 tonnes), and
Kenya (6,000 tonnes) are key regional players.

 

However, by exporting the nut in its raw form, African countries have been
failing to extract additional value from the commodity.

 

-Daily News.

 

 

 

 

Uganda: General Katumba Wamala Wants Uganda Airlines to Fly to More Indian
Cities

Works and transport Minister General Edward Katumba Wamala has said there is
an urgent need to have India review her Bilateral Air Service Agreements
with Uganda to allow the national carrier to fly to other cities within
India.

 

Gen Wamala made the call during the India-Uganda Trade and Business Forum in
Mumbai where several business facilitation bodies spent the greater part of
the day making a strong case to the Indian Business community to invest in
Uganda.

 

"We are requesting our Foreign Ministry and Ugandan High Commissioner to
India to work closely with the Indian government through its Civil Aviation
Authority to review the Bilateral Service Agreements to allow Uganda
Airlines to fly to other cities in India like New Delhi, Delhi, Pavnel,
Ahmadabad and others where Ugandan come for medical care, education and
trade but upon reaching Mumbai, have to now get domestic flights to those
cities "Gen Katumba said.

 

 

To the minister, there is great hope that this route increases the fortunes
of the Airlines through passenger and cargo operations.

 

"Our plane carrying back five tons of cargo to Entebbe possess back a good
challenge to Uganda. We have already demonstrated that we can produce enough
agricultural products like pineapples, avocadoes, matooke and others, now
the challenge is back to the Ugandan farmers to grow enough of these to fill
up all the pallets."

 

Day two of the Ugandan delegation in Mumbai saw the community in India and
Uganda meet for the purpose of striking business deals.

 

According to the airline public relations officer Shakilah Rahim Lamar the
forum was set to achieve specific objectives like getting to connect the
Indian and Ugandan business community.

 

India has a 1.4 billion market that we are opening up Uganda to.

 

"As an airline, our focus will continue being the enabler and infrastructure
along which the tourism, trade, and foreign direct investment will ride to
Uganda. We shall over the next few days be launching our other direct route
to Lagos in Nigeria and China Gwanzough by December 2023," she noted.

 

For the last 26 years, India's exports to Uganda have increased at an annual
rate of 10.1%, peaking at $695million in 2021.

 

Uganda on the other hand only pulled $53.6million in 2021 and this signifies
a huge trade imbalance between the two nations.

 

Parliament, through its physical infrastructure committee chairperson Dan
Kimosho said it is committed to supporting the airline to achieve its full
potential.

 

"As parliament, we are now going to spice it up and become the Ambassador of
the Airline where need be and take it upon ourselves to explain to our
people the importance of the national carrier to the Country's economy,"
Kimosho said.

 

The National Planning Authority Executive Director, Dr. Joseph Muvawala who
gave the key note address at the forum pitched Uganda as a number one
destination of investment as the macro economic factors are favorable for
Indian investors

 

"The Ugandan economy has been growing at an average of 6% for the last
decade and we now have a target of increasing this to 10% and to do this, we
need serious foreign direct investment, our labour market is the cheaper and
affordable more than anywhere in the world," Dr. Muvawala said.

 

Returning to the skies in August 2019 after nearly two decades, the airlines
strategy is to keep all her fleet of the six aircraft including four CRJ 900
Bombardier and two A3330 800 Airbus in air through increasing on the route
network

 

 

 

 

Nigeria: Fire Outbreak As Residents Scoop Fuel From Fallen Tanker in Lagos

A fire outbreak has occurred around Otedola Bridge in Ojodu-Berger area of
Lagos on Thursday evening following scooping of petrol from a fallen petrol
tanker by residents.

 

Our correspondent gathered that the incident occurred as the tanker laden
with 33,000 litres of petrol overturned while moving up the sloppy bridge
and fell on the road, spilling its content on the road.

 

It was further gathered that the Lagos State Fire and Rescue Service
immediately helped in mitigating the petrol spillage in order to curtail any
possible eventuality.

 

According to the Lagos State Fire and Rescue Service, the tanker trapped a
14-seater bus whose three occupants were safely evacuated.

 

 

As at the time of this report Thursday night, firefighters and other first
responders were making frantic efforts to put out the raging fire.

 

Upon arrival at the scene of the incident, it was observed that a fire had
broken out in a pile up of vehicles, which included two petrol tankers.

 

Further investigations revealed that one of the tankers had rolled back onto
the other tanker and other vehicles while ascending the bridge, resulting in
the collision and subsequent fire.

 

Currently, the exact number of individuals trapped in the inferno was
unknown.

 

However, preliminary assessments have determined that there were three
container-laden trucks, two tankers loaded with unknown but highly flammable
materials, one tipper truck transporting gravel, one flatbed truck, and
three other cars involved.

 

To address the situation, a total of four fire trucks have been deployed,
along with personnel from LASTMA, LASEMA, and the Nigeria Police Force.

 

Details Later...

 

-Leadership.

 

 

 

 

Kenya: KQ Flight to London Cleared, No Security Threat Detected

Nairobi — UK security has cleared a Kenya Airways flight from Nairobi to
London that was intercepted on Thursday afternoon due to what was described
as a 'potential security threat.'

 

The Boeing 787 was diverted into London Stansted just before 3.45pm, but was
later cleared, Kenya Airways said in a statement.

 

The security agencies cleared the aircraft and will be departing for London
Heathrow to resume normal operations.

 

The security agencies cleared the aircraft and will be departing for London
Heathrow to resume normal operations.

 

We sincerely regret the inconvenience to our passengers and crew and would
like to thank themfor their patience.

It had been due to land at Heathrow Airport from Kenya's capital, Nairobi.

 

Kenya Airways headquarters in Nairobi said in a statement that it had
received an alert of a potential security threat on board KQ100 operating
from Nairobi to London Heathrow.

 

"KQ management in conjunction with the security authorities of Kenya and the
UK carried out a thorough risk assessment of the threat. The crew onboard
were briefed and all safety and security precautions were taken to ensure
the safety and security of our crew and passengers on board," KQ said in a
statement to the media.

 

It said the aircraft landed safely at Stansted airport for security
clearance by the UK government security personnel.

 

-Capital FM.

 

 

Nigeria: Lagos Begins Removal of Illegally Parked, Abandoned Trailers Off
Apapa-Oshodi Expressway

The enforcement team which was led by LASTMA boss, Bolaji Oreagba,
immediately removed over 18 trailers.

 

The Lagos State government in collaboration with the Nigerian Ports
Authority (NPA) and the police, has begun the removal of illegally parked or
abandoned trailers in Apapa and its environs.

 

The spokesperson of the Lagos State Transportation Management Agency
(LASTMA), Adebayo Taofiq, on Thursday said the decision was taken after the
expiration of a 'Removal Order' issued to trailer drivers.

 

He said the enforcement operation which began on Tuesday would ensure the
general safety of motorists and allow free flow of traffic around the entire
Apapa axis.

 

 

The enforcement team which was led by LASTMA boss, Bolaji Oreagba, on
Tuesday has removed over 18 trailers so far.

 

"The Lagos State Government, being a responsible and responsive one, will
ensure that every motorist has a smooth ride from the Port Gate inwards
Apapa-Oshodi Expressway and not only trailers carrying containers," Mr
Oreagba was quoted as saying.

 

"Series of meetings have been held with the Petroleum tanker/trailer drivers
branch of the National Union of Petroleum and Natural Gas Workers, other
transport stakeholders to educate their members and ensure that they desist
from indiscriminate parking and being indisciplined on the road.

 

"All tanker/ trailer drivers are advised to adhere strictly to the new
directive, as the government will not hesitate to enforce traffic rules and
regulations to the letter."

 

He further explained that the enforcement operations, which would be a
continuous exercise to checkmate the excesses of these trailer drivers and
restore sanity around Creek Road, Etisalat Corridor, Trebor Junction,
Liverpool, down to Tin-Can first/second Gates to Coconut, Trinity, Sunrise
and Mile 2 axis.

 

Mr Oreagba, however, called on motorists including other road users to take
possession of the road and not hesitate to inform LASTMA of any broken down
or abandoned trailers/ tankers via the Agency hotlines. (08100565860,
08129928515, 08129928593).

 

He noted that all affected trailers and tankers would be immediately charged
to court for prosecution in accordance with the Lagos State Transport Sector
Reform Law, 2018.

 

-Premium Times.

 

 

 

 

UK hits back at World Bank criticism over aid cuts

Development minister Andrew Mitchell has hit back at criticism over aid cuts
for the world's poorest, saying the UK was still a "very dominant force".

 

Mr Mitchell said that the UK was the third-biggest donor to the World Bank's
fund for the poorest countries in the world.

 

The anti-poverty institution had accused the UK of causing "real pain" with
recent cuts to foreign aid.

 

But Mr Mitchell acknowledged cuts may have come at the worst possible time.

 

The UK halved payments sent to the World Bank's International Development
Association fund. It now sends £500m a year.

 

The government said it was a temporary cut until Britain's public finances
were back in shape.

 

The Bank is hoping that the UK will be "back at higher levels" of funding
soon.

 

Speaking to the BBC, Axel van Trotsenburg, senior managing director at the
World Bank, explained how every dollar counts. He said, "Every dollar that
we get saved lives. The way I look at this fund is how you actually save
lives
 so this caused real pain."

 

Mr van Trotsenburg, the second-in-command at the Bank, also said that donor
contributions had been largely "flat".

 

The World Bank is under pressure to raise finances for a new crisis response
fund, aimed at helping countries respond to higher poverty levels as a
result of higher food prices.

 

Mr van Trotsenburg added: "We want to build on it. And we want the UK back
at higher levels."

 

Three years of crisis have abruptly ended decades of progress in reducing
global poverty.

 

Absolute poverty, where people live on less than $2 (£1.63) a day, affects
nearly 100 million more people now than before the pandemic.

 

Against this backdrop the World Bank says it needs more funds to deal with
crisis-afflicted poorer nations as soon as this December.

 

But as more funds get diverted into refugee spending other aid flows are
impacted. Money going to sub-Saharan Africa, for example, are down more than
7% in real terms.-bbc

 

 

 

 

Tourists spending thousands to get out of Israel

Some UK tourists are spending thousands of pounds on flights to try to get
out of Israel, describing the situation as "horrendous".

 

Many commercial carriers have suspended flights after Palestinian rocket
attacks and Israeli air strikes.

 

A number of countries, including France and Germany, have chartered flights
to evacuate their citizens.

 

On Thursday afternoon the UK government said it too would arrange flights to
get British nationals out of Israel.

 

The first flight is due to depart from Ben Gurion Airport in Tel Aviv later,
with vulnerable British nationals prioritised for these flights.

 

Although arranged by the Foreign Office, they are commercial services. Each
passenger will be charged £300.

 

UK to arrange flights for Britons stranded in Israel

BA plane U-turns from Tel Aviv after flights are suspended

The UK had previously said it would not arrange evacuation flights because
commercial routes were still available, and was only flying out the families
of British diplomats working in Israel.

 

Since Palestinian militant group Hamas attacked Israel on Saturday, many
international airlines have suspended flights to and from Tel Aviv, and
securing flight bookings has become increasingly difficult.

 

Lisa Tsang and her cousin Deborah arrived in Tel Aviv for an organised tour
on Saturday, after being told by their airline that it was safe to travel.

 

They were booked to stay at a hotel close to the British Embassy, but as
they got off the plane sirens were sounding, and they had to shelter as soon
as they got to the hotel.

 

Lisa's husband Mike tried to organise return travel from the UK. He ended up
spending about £5,000 on flights, with about £1,500 of that for the flights
Lisa and Deborah eventually took.

 

Airlines took the money but did not advise customers the flights had been
cancelled, Lisa said, describing the flight situation as "horrendous".

 

"It will be two to three weeks for a refund," she said. "This is shocking. I
am fortunate [Mike] is in a position to keep booking endless flights.

 

"Some tickets are thousands of pounds. How is this justifiable?"

 

Lisa and Deborah eventually managed to get back to Gateshead on Thursday
morning after getting a flight from Israel to Egypt, and then a separate
flight to Manchester.

 

"I'm just dazed," said Lisa. "It was a dangerous situation."

 

Ben Hardcastle, 31, flew to Tel Aviv from Luton on Saturday for a holiday
with his friend Shannon Burke.

 

When the pair landed, they heard Israel was at war.

 

He said that he thought that might lead to them being evacuated, along with
other British nationals.

 

On their first night they heard sirens and had to find shelter in a
stairwell of a hotel.

 

"It was quite traumatising be down there," he said.

 

"We had to stay down there 10 minutes every time the alarm went off. It's
just one of those situations that you think you will never be in."

 

After being unable to contact the British embassy in Tel Aviv, and being
told by a consulate in London that Tel Aviv was "a safe place to be", the
pair decided to go to the airport to try to get home.

 

After booking four flights, none of which took off, and seeing prices soar
to £1,500 per person, Ben managed to get a flight to Istanbul, which he said
was a "nerve-wracking experience".

 

They have since managed to travel to Antalya and are hoping to get back to
Luton on Monday.

 

"I know money is trivial in this situation but we have spent thousands on
cancelled flights. We are lucky we have the means to do so."

 

Ben, who lives near Coventry and Birmingham, said he had also seen the news
that there had been a huge fire in Luton airport's car park, and he was not
sure if his car was affected.

 

"You cannot make it up," he added. "[But] it does not matter. I just feel
for the people that have been left there [in Tel Aviv].

 

"It's absolutely shocking. It's incomprehensible."

 

Flight chaos

The only airline currently running direct flights to the UK is Israeli
carrier El Al.

 

Airlines that have suspended commercial flights to and from Tel Aviv due to
security concerns include British Airways, Virgin Atlantic, EasyJet,
Ryanair, Wizz Air, Air France, Lufthansa and Emirates.

 

A number of countries have been chartering flights to evacuate citizens,
including Australia, Canada, Demark, Italy, Norway, Spain and Switzerland.

 

The UK government has not provided an estimate on how many UK citizens are
in Israel.

 

However, the Foreign, Commonwealth & Development Office (FCDO) has advised
people to register their presence to share updates "including information to
support you to leave the country".

 

The government department advises against all but essential travel to
Israel, the Occupied Palestinian Territories, Gaza and other parts of the
region.

 

Travel insurance may not be valid if people travel against FCDO advice.

 

The British embassy in Tel Aviv will remain open and continue to provide
consular services to those who need help, the FCDO said.-bbc

 

 

 

US inflation: Higher fuel costs keep driving consumer prices

Consumer prices continued to rise in the US during September fuelled by
higher housing and petrol costs, new figures show.

 

Inflation was 3.7% over the 12 months to September, which is the same rate
that was recorded for August.

 

The US central bank is debating whether it will need to raise interest rates
again to stabilise price growth.

 

While inflation has cooled significantly from last year, it remains higher
than the 2% target.

 

Analysts said the new data from the US Labor Department offered few decisive
clues on the next move from the US Federal Reserve.

 

"The bigger picture is that the trend is still quite encouraging but the
fight continues," said Olu Sonola, head of US economics at Fitch Ratings.

 

While the annual figure held steady, between August and September inflation
cooled from 0.6% to 0.4%.

 

The increase in housing was the biggest contributor to the increase in the
Consumer Price Index, which is the basket of goods and services that the
Labor Department uses to measure price increases.

 

Petrol prices also continued to climb, although at a slower rate than
previously.

 

However, prices for used cars and clothing fell month-on-month while the
increase in grocery prices slowed.

 

The Federal Reserve has already raised borrowing costs sharply and its key
interest rate now stands at more than 5.25%, up from near-zero in March
2022.

 

The rise has hit the public in a number of areas such as sharply higher
mortgage rates and more expensive business loans.

 

The Fed is hoping that the higher rates will encourage saving and reduce
business expansion and other activity to cool the economy and ease price
pressures.

 

But while inflation has cooled significantly from more than 9% last year, it
remains higher than the Fed's target.

 

Officials have warned that they expect rates to remain relatively high for
some time, in part because job growth and spending has held up far better
than expected.

 

But they have grown increasingly hopeful they will be able to subdue
inflation without triggering a severe downturn.-bbc

 

 

 

TikTok latest firm after X and Meta to be warned by EU over Hamas videos

The EU has warned TikTok about "disinformation" spreading on the platform
after Hamas' attack on Israel.

 

It urged CEO Shou Zi Chew in a letter to "urgently step up" efforts, and
spell out "within the next 24 hours" how it is complying with European law.

 

Social media firms have seen a surge in misinformation about the conflict,
including doctored images and mislabelled videos.

 

The EU previously warned X, formerly Twitter, and Meta about such content.

 

It said TikTok needed to be mindful of its popularity with young people.

 

"TikTok has a particular obligation to protect children & teenagers from
violent content and terrorist propaganda as well as death challenges &
potentially life-threatening content," said EU commissioner Thierry Breton
in a post on X.

 

The BBC has approached TikTok for comment.

 

X was given a similar 24-hour deadline on Tuesday. The firm's chief
executive Linda Yaccarino responded by telling the bloc it had removed or
flagged "tens of thousands of pieces of content" since Hamas attacked
Israel.

 

She also said it had removed hundreds of accounts.

 

Facebook and Instagram-owner Meta has also been handed a similar warning
about disinformation - and a 24-hour deadline - by the EU.

 

The EU declined to comment on whether it had received a response from Meta,
but a European Commission spokesperson said "contacts are ongoing" with the
company's compliance teams.

 

A Meta spokesperson told the BBC: "After the terrorist attacks by Hamas on
Israel on Saturday, we quickly established a special operations centre
staffed with experts, including fluent Hebrew and Arabic speakers, to
closely monitor and respond to this rapidly evolving situation."

 

"Our teams are working around the clock to keep our platforms safe, take
action on content that violates our policies or local law, and coordinate
with third-party fact checkers in the region to limit the spread of
misinformation. We'll continue this work as this conflict unfolds."

 

X chief executive, Ms Yaccarino, said the company had "redistributed
resources and refocused internal teams" to deal with the content.

 

In her letter to the bloc, she said X had responded to more than 80 requests
in the EU to remove content, as well as adding notes to certain posts, which
give context to them.

 

"More than 700 unique notes related to the attacks and unfolding events are
showing on X," she wrote.

 

"These notes display on an additional 5,000+ posts that contain matching
images or videos. This number grows automatically if the relevant images and
videos are re-used in new posts."

 

Meanwhile, in response to the "illegal content" claim from the EU, Ms
Yacarrino said X "had not received any notices from Europol".

 

EU commissioner Thierry Breton has demanded that X and Meta prove how they
have taken "timely, diligent and objective action".

 

The EU introduced new laws in August 2023 which regulate the kind of content
that is allowed online.

 

The Digital Services Act (DSA) requires so-called "very large online
platforms" to proactively remove "illegal content", and show they have taken
measures to do so if requested.

 

The EU told the BBC it was not currently in a position to comment on what
would come next in these specific cases, but explained what was
hypothetically possible under the law.

 

The DSA allows the EU to conduct interviews and inspections and, if it is
unsatisfied, proceed to a formal investigation.

 

If it decides that a platform has not complied or is not addressing the
problems it has identified, and risks harming users, the commission can take
more drastic steps.

 

This can include a heavy fine, and as a last resort it can even request
judges ban the platform from the EU temporarily.-bbc

 

 

 

King Charles III new coins designed to help children to count

Large numbers on an entirely redesigned set of UK coins will help children
to identify figures and learn to count, The Royal Mint has said.

 

The coins will enter circulation by the end of the year, marking the new
reign of King Charles III and celebrating his love of the natural world.

 

The tails side of every coin from the 1p to the £2 will feature the
country's flora and fauna.

 

Old coins can still be used, with the new set struck in response to demand.

 

Rebecca Morgan, director at the Mint, told the BBC: "The large numbers will
be very appealing to children who are learning to count and about the use of
money.

 

"Also the animals and everything you see on these coins will appeal to
children. They are great conversation starters."

 

Animals ranging from the red squirrel to the capercaillie grouse are
depicted on the new designs. The King's now-familiar portrait will be on the
front of each coin - many for the first time.

 

Although cash use - and especially the popularity of coins - has been in
decline in recent years, the Mint says heritage and need mean this change is
still required.

 

"We know a large proportion of the country are still heavily reliant on
cash," Ms Morgan said.

 

"It is also tradition to mark the moment of a monarch coming to the throne
with a new set of coinage, so it is important that we carry on that
tradition."

 

The BBC was given an advance viewing of the new coins, the size and shape of
which remain unchanged.

 

Although there have been commemorative coins circulating featuring King
Charles, these new designs - officially known as definitives - mark the
final chapter of the King's transition onto coinage.

 

Definitive coins feature the standard designs seen on the majority of
official currency. These designs stay the same for years or even decades.

 

The previous set featured a shield formation and was introduced under Queen
Elizabeth II in 2008, and will still dominate the 29 billion coins in
circulation in the UK for some time yet.

 

The reverse, or tails side, of the new coins will be the matter of most
interest to collectors and for quizmasters. They are designed to show the
importance, and precariousness, of the natural world:

 

1p: A hazel dormouse, which has seen its population halve since 2007

2p: A red squirrel, which is expected to blend into the colour of the copper
coin

5p: An oak tree leaf, signifying its role as a rich habitat for biodiversity
in woodland areas and an association with monarchy of the past

10p: The capercaillie - the world's largest grouse - found in a small part
of Scotland and threatened with extinction

20p: A puffin

50p: The Atlantic salmon, which is at threat from river pollution and
habitat loss

£1: Bees

£2: National flowers - a rose for England, a daffodil for Wales, a thistle
for Scotland and a shamrock for Northern Ireland

The Royal Mint unveils a twenty pence coin

 

Kevin Clancy, director of the Royal Mint Museum, said: "People who remember
pre-decimal coins might recall the wren farthing, or the thrift design on
the 12-sided thrupence, but it wasn't lots of natural world.

 

"What is different about these coins is that they are all about the natural
world."

 

There are also links to history and the changing of the monarchy.

 

Cash payments rise for first time in 10 years

Charles joins first Easter coins ceremony as King

Three interlocking Cs feature on the coins, representing the third King
Charles, and taking its inspiration from the cypher of Charles II.

 

The edge inscription of the new £2 coin was chosen by the new King Charles
and reads: "In servitio omnium", which means: "In the service of all".

 

It was taken from his inaugural speech in September last year.

 

The King's image will also appear on banknotes, due to enter circulation
next year

The coins follow centuries of tradition with the monarch now facing left -
the opposite way to his predecessor. Profiles are alternated between left
and right for successive monarchs. As with previous British kings, and
unlike the Queen, he wears no crown.

 

The Royal Mint is based in Llantrisant, Rhondda Cynon Taf in Wales.

 

New banknotes featuring the image of King Charles are being printed in their
millions but will not enter circulation until the middle of next year - some
months after the coins.

 

New notes will replace damaged or worn older ones, but their introduction is
slow because machines such as self-service tills need to recognise the new
image.-bbc

 

 

 

 

 

 

 

 

 

 


 


 


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/20231013/e0efc262/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/20231013/e0efc262/attachment-0003.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.png
Type: image/png
Size: 359722 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231013/e0efc262/attachment-0004.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 150610 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231013/e0efc262/attachment-0003.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.jpg
Type: image/jpeg
Size: 29544 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231013/e0efc262/attachment-0004.jpg>
-------------- 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/20231013/e0efc262/attachment-0005.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image006.jpg
Type: image/jpeg
Size: 29361 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231013/e0efc262/attachment-0005.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: oledata.mso
Type: application/octet-stream
Size: 65581 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20231013/e0efc262/attachment-0001.obj>