Major International Business Headlines Brief ::: 12 November 2025

[Bulls n Bears]

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Major International Business Headlines Brief :::  12 November  2025 

 


 


 


 <mailto:info at bulls.co.zw> 

 


 

 


 

ü  South Africa: Youth Joblessness Still High Despite Rate Drop

ü  Nigeria Has Already Been Invaded By Its Own Failures

ü  Namibia: Namra Needs N$58.9m to Fill Vacancies As Border Operations
Expand

ü  Nigeria: Banks' Capital Adequacy Drops to 12% After Forbearance
Withdrawal - CBN

ü  South Africa: Workers Shut Down Cape Town Construction Project Over
Unpaid Wages

ü  Nigeria: 2026 Budget Will Determine Ijaw Votes for Oborevwori in 2027,
Mulade Warns

ü  Nigeria: Unstable Economic Era Over for Nigeria - Govt

ü  Africa: Why Partnerships and African-Led Solutions Are Non-Negotiable -
Dr. Obiageli Ezekwesili

ü  Rwanda: What to Know About Guinea's Mega Iron Ore Project Kagame Is
Visiting

ü  South Africa Advances With First Locally Manufactured Oral Cholera
Vaccine Trials

ü  Lesotho Sheds Textile Jobs Amidst U.S. Trade Uncertainty

ü  Liberia: Govt Defends U.S.$1.21 Bn Budget

ü  Kenya: Ruto Seeks Gulf Investors to Deliver 10,000 Megawatts By 2032

 


 <mailto:info at bulls.co.zw> 

 


 

 

 

South Africa: Youth Joblessness Still High Despite Rate Drop

Despite a slight drop in South Africa's official unemployment rate to 31.9%
in the third quarter of 2025 from 33.2% previously, youth unemployment
remains alarmingly high, reports EWN. Statistician-General Risenga Maluleke
said that young people aged 15 to 24 face the highest joblessness rate at
58.5%, followed by those aged 25 to 34 at 38.4%. Statistics South Africa's
latest quarterly labour force survey also shows that black Africans continue
to bear the greatest burden, with an unemployment rate of 35.8%, well above
the national average, while the white, Indian, and coloured populations
record significantly lower rates.

 

Accused One Back on Stand in Meyiwa Trial

 

Accused number one in the Senzo Meyiwa murder trial, Muzi Sibiya, is set to
return to the witness stand at the High Court in Pretoria for
re-examination,  reports SABC  News. This follows the conclusion of the
state's cross-examination of his testimony. Sibiya, along with four
co-accused, is charged with the 2014 murder of the Bafana Bafana captain,
who was shot dead in Vosloorus. During his testimony, Sibiya claimed he was
assaulted and coerced into signing a confession and a statement after a
scene, pointing out. He maintained that he was not in a sound state of mind
at the time, saying he was emotionally distressed and disoriented due to the
alleged assault and injuries he sustained.

 

 

KwaZulu-Natal Police Step Up Investigations into AKA, Tibz Killings

 

Police in KwaZulu-Natal (KZN) are investigating a series of crimes connected
to the double murder of rapper Kiernan "AKA" Forbes and businessman Tebello
"Tibz" Motsoane, following the arrest of all suspects, reports EWN. Two
additional suspects, brothers Siyabonga and Malusi Ndimande, were extradited
from Eswatini after nearly two years. They face two murder charges alongside
five co-accused. Police believe the alleged coordinator, Mziwethemba
Gwabeni, may lead them to the individual who ordered the hit. KZN Police
Commissioner Nhlanhla Mkhwanazi said investigations are also focusing on
vehicles used during the attack to determine possible links to other crimes.
The Ndimande brothers' case will return to court on 25 November, with the
full trial set for 2026.

 

 

More South African news

 

 

 

 

Nigeria Has Already Been Invaded By Its Own Failures

The debate about invasion exposes something deeper. Many Nigerians are more
offended by the idea of foreign interference than by the failure of their
own leaders.

 

Nigeria has already been invaded, not by America, but by its own failures.
Our invaders are corruption, indifference, lack of vision, and a culture
that rewards mediocrity while punishing merit. These forces have conquered
our society more thoroughly than any foreign army could. Every time a child
is denied education, a road remains unbuilt, a doctor leaves the country, or
a citizen is killed without justice, the invasion deepens. The tragedy is
that we have learnt to live with it. We have adjusted to chaos and begun to
treat it as normal life.

 

 

In recent days, Donald Trump caused a global stir after publicly suggesting
that the United States might send troops or carry out air strikes in
Nigeria, unless the Nigerian government stopped what he described as the
record killings of Christians. His words were not casual. They implied a
possible military action against Africa's most populous nation. Nigeria
quickly rejected the accusation, insisting that it is not a religiously
intolerant country. But the conversation his remarks unleashed is more
revealing than the threat itself.

 

As a Nigerian, I am indifferent to the idea of America invading Nigeria. My
indifference does not mean I support the idea, nor does it mean I dismiss
its potential danger. It simply means I understand where responsibility
lies. In life, I have learnt that things will not always go the way you
wish. There are matters within your control and others outside it. The issue
of an American invasion is outside my control. It belongs to those who were
elected to protect Nigeria's sovereignty. That is their job. Let them deal
with it.

 

 

What interests me is the sudden moral outcry from people who say America
never invades a country and leaves it better than it was. They point to
places like Afghanistan as evidence. But I find their argument incomplete.
My question is simple. Do they not see that Nigeria already resembles the
very places they mention as cautionary tales? What moral high ground are we
defending when poverty, disease, kidnappings, illiteracy, and hunger have
already reduced life here to a daily struggle? People speak as though we
live in a model society whose peace and prosperity are under threat from
foreign hands. That is far from the truth. This country already mirrors the
worst images we claim to fear.

 

Some argue that a foreign invasion would destroy our sovereignty, as if the
concept of sovereignty still has meaning when millions cannot depend on the
state for safety or dignity. True sovereignty is not the ability to fly a
flag or hold elections every four years. It is the ability to guarantee
life, liberty, hope, and the pursuit of happiness for your people. In that
sense, we lost sovereignty long ago. What remains is the illusion of it.

 

 

The refusal to admit how bad things are is one of the most dangerous traits
among us. We imagine that disaster will come from outside, when in fact we
have been living inside it for decades. America cannot possibly come and do
to us worse than what we are already enduring. What could be worse than
kidnappings, killings, or the stabbing of innocent persons simply because
they hold a phone on the street? What could be worse than the banditry that
plagues entire communities, or the endless violence that has become routine?
What could be worse than hunger, begging, disease, and a system that leaves
the weak to perish in silence? The only scenario worse than this is civil
war itself.

 

Nigeria has already been invaded, not by America, but by its own failures.
Our invaders are corruption, indifference, lack of vision, and a culture
that rewards mediocrity while punishing merit. These forces have conquered
our society more thoroughly than any foreign army could. Every time a child
is denied education, a road remains unbuilt, a doctor leaves the country, or
a citizen is killed without justice, the invasion deepens. The tragedy is
that we have learnt to live with it. We have adjusted to chaos and begun to
treat it as normal life.

 

Some argue that a foreign invasion would destroy our sovereignty, as if the
concept of sovereignty still has meaning when millions cannot depend on the
state for safety or dignity. True sovereignty is not the ability to fly a
flag or hold elections every four years. It is the ability to guarantee
life, liberty, hope, and the pursuit of happiness for your people. In that
sense, we lost sovereignty long ago. What remains is the illusion of it. To
be clear, I do not wish for foreign troops to step on Nigerian soil. But I
also will not pretend that the country they would find here is one of order
and progress. If a foreign soldier lands in many parts of northern Nigeria
today, he would not need to search for evidence of a failed system. It would
surround him. He would see schools without teachers, hospitals without
medicine, families displaced by conflict, and leaders who continue to debate
trivialities, while citizens are buried every week. The horror that people
imagine will follow invasion is already here.

 

The truth is that no one can save us but us. No army can plant integrity,
and no superpower can manufacture leadership. What the United States, China,
or Europe does is secondary. The central question is what Nigeria is willing
to do for itself. Until that changes, we will continue to live in a
self-inflicted crisis that looks exactly like the foreign disaster we claim
to fear. So let the leaders who were chosen to protect the country face the
burden of this debate.

 

The debate about invasion exposes something deeper. Many Nigerians are more
offended by the idea of foreign interference than by the failure of their
own leaders. They treat sovereignty as sacred but life as disposable. They
see insult in Trump's words but not in the daily humiliation that citizens
face under the assault of domestic rule. This misplaced pride is the reason
progress remains impossible. A nation that cannot admit its sickness cannot
begin to heal. Those who say foreign powers always leave places worse should
ask themselves whether Nigeria has ever truly been better. Afghanistan had
decades of war, but Nigeria has had decades of decay. The difference is only
in appearance. Our decay is slower and less dramatic, but its outcome is the
same.

 

What truly deserves our anger is not Trump's rhetoric but our own
dysfunction. It is the system that allowed this conversation to sound
plausible in the first place. It is the leadership that cannot secure its
citizens but insists on being treated as untouchable. It is the silence of a
people who no longer expect better. If we fixed ourselves, no foreign leader
would dare to speak of invasion. Respect in the global order is earned by
competence, as opposed to being demanded by pride. I remain indifferent
because I have accepted that some matters lie beyond my control. But what
lies within it is my right to speak honestly about the state of my country.
I know that a foreign invasion may not be the solution. But I also know that
it would not take a foreign power to destroy Nigeria as we have already done
most of that work ourselves. The challenge now is whether we can rebuild.

 

The truth is that no one can save us but us. No army can plant integrity,
and no superpower can manufacture leadership. What the United States, China,
or Europe does is secondary. The central question is what Nigeria is willing
to do for itself. Until that changes, we will continue to live in a
self-inflicted crisis that looks exactly like the foreign disaster we claim
to fear. So let the leaders who were chosen to protect the country face the
burden of this debate. It is their responsibility. Let the rest of us focus
on demanding accountability and restoring a sense of decency in public life.
America cannot save or destroy what we have already chosen to neglect, and
the danger is not the invader at the gate but the rot within the walls.

 

Mohammed Dahiru Aminu (mohd.aminu at gmail.com) wrote from Abuja, Nigeria.

 

Read the original article on Premium Times.

 

 

 

 

Namibia: Namra Needs N$58.9m to Fill Vacancies As Border Operations Expand

The Namibia Revenue Agency (Namra) says it requires N$58.95 million to fill
critical vacancies as it expands operations at national border posts.

 

The agency currently employs 297 staff members across 18 border posts and
offices, but says it faces a staffing shortfall of 89 people following the
transition of three border posts from 12-hour to 24-hour operations, which
significantly increased manpower requirements.

 

According to a briefing submitted to the parliamentary standing committee on
home affairs, security, constitutional and legal affairs, Namra said the
shift in operations has stretched existing resources and made additional
recruitment essential to maintain effective border control.

 

 

"Namra had sufficient employees until three border posts were transformed
from 12-hour to 24-hour operations, which required more manpower. The agency
is soliciting funds to fill the vacancies, estimated to cost N$58.95
million," the committee report stated.

 

The update formed part of the committee's oversight report following visits
to selected border posts between 18 August and 9 September 2025.

 

The report noted that while the Ministry of Finance and Public Enterprises
initially lacked details of the national action plan for border post
improvements, Namra has since outlined several key initiatives aimed at
strengthening border management.

 

Namra reported ongoing efforts to upgrade and modernise electronic scanning
equipment at all major ports of entry.

 

 

To build local expertise, nine scanner operators will undergo two weeks of
training at the Nuctech factory in Beijing, China, later this year, while 39
additional staff members are set to receive similar training in South Korea.

 

The agency also confirmed progress in staff development and welfare.

 

Namra currently maintains 199 housing units at 15 border posts, but
acknowledged that some facilities are outdated.

 

"Refurbishment plans for older units and construction of new facilities at
other border posts is an ongoing exercise and is expected to be addressed in
the coming financial year. Expected result: improved staff welfare and
service efficiency," the report stated.

 

Under an upcoming one stop border post infrastructure programme,
refurbishments and new housing developments are planned for key border posts
such as Katima Mulilo, Oshikango and Trans-Kalahari.

 

To enhance safety, Namra said it has deployed private security personnel at
all border posts to protect staff and state property amid growing security
concerns.

 

The Namibian uses AI tools to assist with improved quality, accuracy and
efficiency, while maintaining editorial oversight and journalistic
integrity.

 

Read the original article on Namibian.

 

 

 

 

 

 

Nigeria: Banks' Capital Adequacy Drops to 12% After Forbearance Withdrawal -
CBN

The Central Bank of Nigeria (CBN) has disclosed that the capital adequacy
ratio (CAR) of the banking industry declined to 12 per cent in July 2025,
following the withdrawal of regulatory forbearance earlier granted to banks.

 

Capital adequacy ratio measures the financial soundness and shock-absorbing
capacity of banks by comparing their capital to risk-weighted assets. A
higher ratio indicates greater ability to absorb potential losses and
protect depositors' funds.

 

The CBN in its monthly economic report for July, said that the industry's
CAR dropped by 1.43 percentage points from the level recorded in the
previous month. The decline, according to the CBN, was largely due to the
end of temporary relief measures that had earlier allowed banks to cushion
the impact of macroeconomic headwinds on their balance sheets.

 

 

Despite the moderation, the CBN stressed that the ratio remained well above
the 10 per cent regulatory threshold, a sign that the banking sector
retained sufficient strength to absorb shocks from credit and market risks.

 

The CBN report also showed that while the Liquidity Ratio of the banking
sector remained well above allowable limit, the Non Performing Loans, NPL
ratio is 2.8 percentage points higher than the allowable limit of 5.0 per
cent.

 

The CBN said: "The Nigerian banking sector was broadly stable in the period,
as most of the key financial soundness indicators remained within prudential
benchmarks. The liquidity ratio (LR) strengthened to 62.86 per cent,
significantly above the 30.00 per cent regulatory minimum, reflecting the
banking sector's robust short-term solvency and capacity to meet maturing
obligations.

 

 

"Conversely, the industry's capital adequacy ratio (CAR) declined by 1.43
percentage points to 12.00 per cent from the level in the preceding month,
largely due, to the withdrawal of the Bank's regulatory forbearance in June
2025. Despite the moderation, it remained above the 10.00 per cent
regulatory threshold, underscoring the sector's sustained ability to absorb
credit and market shocks.

 

"Non performing loans (NPLs) ratio levitated by 2.17 percentage points to
7.80 per cent, above the prudential limit of 5.00 per cent. Regardless,
overall asset quality remained broadly stable, supported by enhanced
supervisory vigilance and risk-based regulatory interventions that have
curtailed potential contagion and preserved systemic stability."

 

Read the original article on Vanguard.

 

 

 

 

 

South Africa: Workers Shut Down Cape Town Construction Project Over Unpaid
Wages

Security guards have been protesting outside a project to build pavements in
Illitha Park, Khayelitsha since Monday

 

Security guards have been protesting outside a project to build pavements in
Illitha Park, Khayelitsha since Monday over their unpaid wages. On Tuesday
morning, the guards prevented construction workers from leaving or
completing their duties at the site.

 

The guards demanded that Sibakulu Guarding Division pay their October
salaries.

 

Protester Andiswa Machicila, a guard with Sibakulu, told GroundUp, "We told
[the workers] we will allow them in, but we won't let them out. We have no
money to buy food for our families ... I'm hungry."

 

 

The CIty of Cape Town has contracted Triple C Maintenance and Services to
build the pavements. Triple C has in turn subcontracted three companies:
Sibakulu for security, Gubudela to do some of the construction, and a third
company whose name we do not know.

 

It appears all three subcontractors have either paid their workers late or
failed to pay them. Contradictory facts as to why this occurred have been
given by the subcontractors we spoke to and the City.

 

Moses Ndlovu, Sibakulu's operational manager, pleaded with the guards to
continue working. He promised they would be paid on Wednesday. He said the
company could not pay the guards because Triple C had not yet paid Sibakulu.
He claimed they had invoiced Triple C on time.

 

Unable to complete their duties, the construction workers started burning
tyres. It transpired that they too had not been paid.

 

Director of Gubudela Investments, Anathi Nqayi, said Triple C had asked to
pay them late on 7 November (instead of end of October). But, Nqayi says,
Triple C failed to do so.

 

 

But Rob Quintas, mayco member for urban mobility, said the City had
investigated the matter found that the non-payment was because the
sub-contractors submitted their invoices late. This issue has been resolved,
and the project and operations resumed, Quintas said.

 

"A meeting has been arranged with the main contractor on this project and
other relevant parties to ensure this does not happen again."

 

Read the original article on GroundUp.

 

 

 

 

 

 

Nigeria: 2026 Budget Will Determine Ijaw Votes for Oborevwori in 2027,
Mulade Warns

Warri — Ahead of the 2027 governorship election and the proposed endorsement
of Governor Sheriff Oborevwori as the sole candidate by Delta Ijaws, a
prominent Ijaw leader and peace advocate, Chief Mulade Sheriff, has declared
that Ijaw votes will be determined by the number of projects allocated and
adequately funded in the 2026 budget.

 

The renowned human and environmental rights activist made this declaration
in a statement in Warri yesterday, following an expanded stakeholders'
meeting held on behalf of the Ijaw Ethnic Nationality in Delta State.

 

The Ibe-Sorimowei of the ancient Gbaramatu Kingdom stated that adequate
inclusion and funding of projects in riverine areas will be a crucial factor
in determining political support.

 

 

He emphasised that riverine communities, largely populated by the Ijaw and
Itsekiri ethnic nationalities, deserve equal attention to infrastructure.

 

While commending Governor Oborevwori's infrastructural strides in the upland
areas, Chief Mulade lamented the absence of similar development in the
riverine regions, despite dense populations and immense contributions to
state revenue as hosts to multinational oil and gas companies.

 

"I sincerely appreciate His Excellency, Rt. Hon. Sheriff Oborevwori, for the
infrastructural development revolution in the upland areas and the proposed
commissioning of the reconstructed Odimodi-Ogulagha road, initially
constructed by SPDC in the 1980s.

 

"However, it is imperative to state that Ijaw communities such as Ogulagha,
Torugbene, Oporoza, Akugbene, and Ojobo are more densely populated than some
upland local government headquarters, yet are often deprived of development
due to the so-called terrain challenges. These communities host
multinational oil and gas companies but have no significant projects to show
for it," he added.

 

 

Chief Mulade reminded the governor that the Ijaws had stood firmly by him
throughout the election period and pledged their continued political support
in 2027 on the condition that the 2026 budget reflects meaningful
development for riverine areas.

 

"We have maintained a peaceful atmosphere to boost oil and gas production,
making Delta the richest state, while supporting security, reducing
restiveness, and promoting economic stability. It is now time for the
governor to reciprocate through the 2026 budget with tangible legacy
projects," he stated.

 

He called on the governor to prioritise key infrastructural projects,
including the Ayakoromo Bridge, Omadino-Okerenkoko-Kokodiagbene-Escravos
Road, Aladja-Ogbe-Ijoh Road, and Ojobo-Torugbene Road.

 

He also urged the state government to establish a first-class health centre
or general hospital in Ogulagha Town as compensation for the people's
contributions to state revenue.

 

On education, Chief Mulade appealed for upgrading of the Delta State
Maritime Polytechnic, Burutu, into a campus of Delta State University,
Abraka, to enhance opportunities within the blue economy.

 

He further called for a campus of Dennis Osadebe University to be
established in Koko, with a special focus on agriculture, to give the
Itsekiri people a sense of belonging.

 

"These projects are the lifeline of the Delta Ijaw people and will directly
influence their political decisions in 2027.

 

"The inclusion of transformative projects in the 2026 budget will not only
give riverine communities a sense of belonging but also etch Governor
Oborevwori's name in gold as a true advocate of inclusive development", he
added.

 

Read the original article on This Day.

 

 

 

 

 

Nigeria: Unstable Economic Era Over for Nigeria - Govt

The Vice President, Senator Kashim Shettima, has said the federal government
has succeeded in putting an end to the regimes of volatility and
unpredictability that once characterised the Nigeria's economy.

 

According to him, global economic uncertainties, "shocks, shifting
alliances, and the rapid displacement of traditional jobs by emerging
technologies" have compelled the administration to act daringly.

 

The Vice President, who stated this on Tuesday in Abuja when he declared
open the Digital Nigeria International Conference and Exhibition 2025, noted
that the ongoing reforms undertaken by the Tinubu administration are already
stabilising the economy, just as they have inspired investors' confidence
and attracted commendation from independent observers.

 

 

Citing Fitch upgrade of Nigeria's sovereign rating to B with a stable
outlook, and Moody's lifting of the nation's issuer rating to B3 with a
stable outlook as instances of the global acclaims the country is getting,
VP Shettima said, "the world is taking note of the steady course the nation
is maintaining."

 

"What this Administration has achieved is to end the regimes of volatility
and unpredictability that once defined our economy. The phase before us now
is to ensure that these macroeconomic gains trickle down to the people, from
the kiosks of our neighbourhood traders to the boardrooms of our
multinational corporations.

 

"We did what we have done because we can no longer apply 20th century
solutions to 21st-century problems," he declared, even as he expressed
delight with the conference and exhibition, saying it is an "affirmation of
innovation for a sustainable digital future that accelerates growth,
inclusion, and global competitiveness."

 

 

Shettima observed that the vision of the conference and exhibition with the
theme, "Innovation for a Sustainable Digital Future: Accelerating Growth,
Inclusion, and Global Competitiveness," aligns perfectly with President
Tinubu's economic reform agenda because the future the administration is
building "is one where the young Nigerian takes the front seat, sits at the
decision-making table, and has a voice in shaping our destiny."

 

The VP stated that the watchword for Nigeria's long-term stability is
digital, noting however that the nation must set its priorities right if it
"must move beyond the "quick wins" of simple apps to building deep-tech
solutions that address foundational challenges in agriculture, health,
logistics, and governance.

 

"We need a digital ecosystem that works as seamlessly in Lagos as it does in
Abuja, in Port Harcourt, in Kano, in Gusau, and across every corner of our
nation. The digital success we seek is one where the farmer in Bida can
access real-time market data to sell his harvest at a fair price, where a
young woman in Oguta can work remotely for a global company because she has
connectivity and the skills to compete. That is the inclusive growth
President Tinubu envisions," he added.

 

 

The Vice President pointed out that Nigeria cannot keep lamenting its
"absence at the table in the previous Industrial Revolutions" when the
current digital wave has offered the nation "a redemptive opportunity to
define its own "terms in the next chapter of global progress.

 

Earlier, the Minister of Communications, Innovation and Digital Economy, Dr.
Bosun Tijani, said enabling digital policies being implemented by the Tinubu
administration are on course to boost the country's digital infrastructure.

 

He invited relevant stakeholders to use the platform to deepen collaboration
so that Nigeria can stand as a global model for technology adaptation for
shared prosperity.

 

Director-General of NITDA, Kashifu Inuwa Abdullahi, applauded the Vice
President for his support, commitment, and for always championing the cause
of Nigerian youths, noting that such inspirational leadership is deeply
rooted in President Tinubu's Renewed Hope Agenda.

 

He assured that the collective ambition of the Federal Government, which is
to engage the youth and provide platforms that empower them to solve the
nation's challenges, will continue to be pursued to fruition.

 

In the same vein, the CEO of the Nigeria Data Protection Commission (NDPC),
Dr. Vincent Olatunji, acknowledged the increasing adoption of technology,
particularly the use of multiple devices by the global population,
highlighting the huge socio-economic potential of the global digital
economy.

 

Read the original article on Daily Trust.

 

 

 

 

Africa: Why Partnerships and African-Led Solutions Are Non-Negotiable - Dr.
Obiageli Ezekwesili

Accra, Ghana — Millions of children sit in classrooms across Africa but
leave unable to read a simple sentence or solve basic math problems.

 

Despite years of progress in increasing access to education, Africa is
facing a serious learning crisis. It's estimated that nine out of ten
children cannot read or understand a simple sentence by age 10. The
situation is even worse in areas affected by conflict. The crisis extends
beyond education, posing serious economic risks since better learning
outcomes lead to higher national growth and productivity. Dr. Obiageli
Ezekwesili, founder of Human Capital Africa (HCA) and former Nigerian
Minister of Education, sees this gap as both an educational failure and an
economic challenge.

 

"The most urgent gap is the one between schooling and learning," Ezekwesili
said. "Across Africa, children are attending school but not learning... That
is not just an education problem; it is an economic one."

 

 

Dr. Ezekwesili said that weak data systems and limited accountability
compound the crisis, and too many education systems are "flying blind" -
without reliable learning data, governments cannot improve what they cannot
measure. Even where evidence exists, it often fails to inform
decision-making. Human Capital Africa, therefore, aims to bridge the gap
between evidence and action, ensuring that political commitments translate
into measurable improvements in learning outcomes.

 

 

She said that foundational learning requires political will, accountability,
and strategic alliances among governments, businesses, and philanthropies.
"It begins with political leadership," she said. "Leaders must treat
foundational learning as an economic and moral priority, not just a social
program." She argued that governments must embed learning goals in national
plans and budgets transparently for results.

 

"Philanthropy and business are not substitutes for government," said Dr.
Ezekwesili. "They are catalysts, able to take bold risks, invest in
innovation, and bring proximity to communities."

 

 

Through HCA, Dr. Ezekwesili and partners have launched several coalitions to
strengthen collaboration across sectors, including the African Philanthropy
Coalition for Foundational Learning and the African CEOs Coalition for
Foundational Learning. These initiatives complement the work already being
done by the Africa Foundational Learning Ministerial Coalition that HCA and
the Association for the Development of Education in Africa (ADEA) have
convened over the past few years.

 

"These coalitions represent a 'new phase of African ownership', where
proximity, accountability, and sustained investment drive reform," she said.
"When philanthropy, business, and government align behind a shared
accountability framework, scaling impact becomes possible."

 

Despite gains in enrollment, millions of African children still leave school
without basic skills.

 

 

According to Dr. Ezekwesili, this is the result of systemic weaknesses -
poor teacher support, fragmented governance, inefficient spending, and a
lack of accountability.

 

To achieve quality and equity, systems must pivot.

 

"Too often, education budgets prioritize access and infrastructure over
learning outcomes. To achieve both quality and equity, we must redesign
education systems to make learning - not mere attendance - the goal. At
Human Capital Africa, we advocate for reforms grounded in evidence,
transparency, and collaboration, because systems only improve when they are
held accountable for learning," she said.

 

Promising pilot programs have demonstrated effective approaches to improving
literacy and numeracy. But too often, these successes remain local rather
than national.

 

"The difference lies in political ownership and institutionalization," said
Dr. Ezekwesili. "A pilot becomes a reform when governments claim it, fund
it, measure it, and embed it in national policy. Our task is to help bridge
that transition to move from what works somewhere to what works at scale.
Successful reforms are simple, measurable, and politically owned. When a
president or minister declares, 'Foundational learning is my legacy metric,'
the entire system begins to align."

 

In regions affected by violence, such as Nigeria's Northeast, conflict has
devastated education systems.  Dr. Ezekwesili played a crucial role in
launching and maintaining the #BringBackOurGirls campaign. This global
movement arose after Boko Haram abducted over 270 schoolgirls from Chibok,
Nigeria, in April 2014. As one of the co-founders, she used her voice and
influence to seek accountability and action from the Nigerian government and
the international community. The campaign is still active in demanding
justice and the safe return of all the girls.

 

Dr. Ezekwesili said that rebuilding trust is the first step to recovery.

 

Conflict destroys not only infrastructure but also trust - parents withdraw
children, teachers flee, and years of learning are lost. "In such contexts,
restoring trust is the first step: safe learning spaces, psychosocial
support, and flexible, community-based education are essential," she said.
"We must rebuild teacher capacity and use data to identify where learning
loss is deepest."

 

Dr. Ezekwesili said that education should be viewed as an essential part of
peacebuilding. She said that foundational learning provides displaced
children with a sense of normalcy and hope. She added that investing in
education in crisis settings is both a humanitarian and developmental
priority.

 

Despite challenges, several African countries are showing that improvement
is possible.

 

Dr. Ezekwesili said Kenya's Tusome program, which successfully scaled
early-grade reading through structured teacher support and real-time data.
Rwanda has integrated learning measurement into its national system, while
Sierra Leone is developing a data-driven delivery model focused on outcomes.

 

"These examples show that evidence plus leadership equals results," she
said. "The challenge now is replication, taking what works and embedding it
in policy and budgets."

 

Through HCA, Dr. Ezekwesili continues to support this agenda by connecting
evidence to political will and by aligning partners around what truly
matters: that every African child learns to read, count, and thrive by age
10.

 

She said that sustaining progress requires shifting focus from short-term
projects to long-term systems. This, she explained, involves instituting
annual learning assessments, publishing results transparently, and creating
incentives for teachers and policymakers that are tied to actual learning
gains.

 

"Accountability must become institutional, not optional," she said.

 

 

 

 

 

Rwanda: What to Know About Guinea's Mega Iron Ore Project Kagame Is Visiting

President Paul Kagame on Tuesday, November 11, arrived in Conakry, Guinea,
where he joined President Mamadi Doumbouya for the official launch of the
Simandou Iron Ore Project, one of the largest ongoing mining developments in
the world.

 

The project, decades in the making, is now poised to redefine Guinea's
economic future and reshape the global iron ore market.

 

As the president attends its launch, here are five things you may need to
know about the project.

 

Keep up with the latest headlines on WhatsApp | LinkedIn

 

1. World's largest untapped iron ore reserve

 

 

Located in the Simandou mountain range in southeastern Guinea, the deposit
is believed to be the largest untapped iron ore reserve in the world,
estimated at between three and four billion tonnes of high-grade ore.

 

The ore has an average iron content of about 65 per cent, making it among
the purest ever discovered.

 

At full capacity, the mine is expected to produce around 120 million tonnes
of iron ore annually by 2030, a milestone that could place Guinea among the
world's top three iron ore exporters.

 

ALSO READ: No challenge is insurmountable, Kagame says on his Guinea-Conakry
visit

 

2. A $20 billion economic transformation

 

The Simandou project is more than just a mining venture, it represents one
of Africa's most ambitious infrastructure investments. Approximately $20
billion has already been invested in new railways, bridges, tunnels, and a
deep-water port along Guinea's Atlantic coast.

 

 

Spanning over 650 kilometres, the railway network connects the mining sites
in the mountainous Nzerekore region to coastal shipping terminals, providing
a new economic corridor across the country.

 

The project is expected to generate thousands of jobs, increase government
revenues, and stimulate local industries through training, logistics, and
support services.

 

ALSO READ: Kagame, Guinea president hold tête-à-tête talks

 

3. Four mining blocks

 

The Simandou deposit is divided into four mining blocks, jointly managed
through a partnership between Guinea's government and international
investors. Each side holds defined stakes, ensuring that the project's
long-term development aligns with national priorities while also attracting
the technical and financial resources required for such a massive
undertaking.

 

 

The collaboration also established a dedicated infrastructure company to
finance and operate the 622-kilometre railway and port facilities, both
essential for transporting ore from Guinea's southeast to international
markets.

 

4. A long road to realisation

 

Exploration at Simandou began in the late 1990s, but progress was repeatedly
delayed due to political instability, ownership disputes, and infrastructure
challenges. Multiple government transitions and legal battles stalled
advancement, turning Simandou into a symbol of unrealised potential.

 

Following renewed commitment and project restructuring, Guinea's leadership
elevated Simandou as a cornerstone of national development. Now the project
stands closer than ever to becoming a global mining success story.

 

5. Global market implications

 

The launch of Simandou is projected to reshape the global iron ore market.
Once fully operational, its annual output could potentially lower prices and
reduce dependence on other major producers.

 

According to reports, most of Simandou's iron ore will be exported to Asian
markets, particularly China, the world's largest consumer of steel. The
project's high-grade ore is also vital to the steel industry's
decarbonisation goals, as it enables cleaner and more efficient production.

 

However, realising the vision has required overcoming enormous geographic
and technical barriers. The mines lie more than 600 kilometres from the
coast, surrounded by rugged mountains and dense forests.

 

The railway alone includes 235 bridges and more than 24 kilometres of
tunnels, including one nearly 11 kilometres long, making it one of Africa's
most ambitious infrastructure builds.

 

Despite the challenges, construction has progressed steadily, with the first
shipments of iron ore scheduled for November 2025. Production is expected to
increase gradually over the next 30 months, marking a new era for Guinea's
mining sector and the global iron ore industry.

 

Read the original article on New Times.

 

 

 

 

South Africa Advances With First Locally Manufactured Oral Cholera Vaccine
Trials

Biovac has received approval from the South African Health Products
Regulatory Authority (SAHPRA) to begin clinical trials for its oral cholera
vaccine.

 

This is a significant development that could position South Africa as the
only country in Africa to manufacture this life-saving vaccine entirely
in-house.

 

Minister of Health Dr Aaron Motsoaledi described the start of clinical
trials for the country's first fully manufactured cholera vaccine as a
historic milestone, not just for Biovac and South Africa, but for the entire
continent.

 

 

"The ability to manufacture a life-saving vaccine from start to finish right
here at home strengthens our national capacity to respond swiftly to
potential outbreaks and enhances Africa's self-reliance in vaccine
production. This milestone aligns with the government's vision of ensuring
health security and universal access to essential medicines," said
Motsoaledi.

 

The Deputy Minister of Science, Technology and Innovation, Dr Nomalungelo
Gina, said government is committed to promoting local manufacturing,
facilitating technology transfer, and commercialising scientific
discoveries.

 

These efforts are essential not only for public health but also for job
creation, skills development, and industrial growth.

 

"Not only for the benefit of South Africa, but for Africa," said Gina.

 

Motsoaledi and Gina addressed the launch of South Africa's first locally
manufactured vaccine in over 50 years. The event took place at the Chris
Hani Baragwanath Academic Hospital in Soweto, Johannesburg, on Tuesday.

 

 

The Ministers said the number of cholera outbreaks has been growing in
Africa, coinciding with repeated shortages of cholera vaccines, leaving
exposed communities vulnerable to unnecessary disease and deaths.

 

Cholera, a preventable disease, can be fatal during outbreaks if treatments,
such as oral rehydration therapy, antibiotics and vaccines to curb the
spread, are unavailable.

 

The Biovac vaccine development project receives support from the Gates
Foundation, Open Philanthropy, the Wellcome Trust in the United Kingdom, and
the ELMA Vaccines and Immunisation Foundation, among others.

 

The African Union (AU) has set a target for 60% of all routine vaccines used
in Africa to be manufactured on the continent by 2030, a major advancement
from today's level of less than 1%.

 

 

Phase 1 of Biovac's oral cholera vaccine clinical trial was initiated at the
University of the Witwatersrand's Perinatal HIV Research Unit (Wits' PHRU),
a renowned and established clinical trial site, in October 2025.

 

The first phase will focus on testing safety in adults, before proceeding to
a further Phase 3 of the clinical trial, assessing the immunogenicity, which
indicates that the vaccine can prevent cholera through antibodies developed
in patients who receive the vaccine.

 

The Phase 3 trial will be conducted at five sites, two in Johannesburg, two
in Durban, and one in East London.

 

Coordinated by the South African Medical Research Council (SAMRC), this
clinical trial also highlights South Africa's ability to conduct trials for
multiple types of products.

 

If the vaccine is considered safe in the initial trial phase, a larger Phase
3 study will compare the Biovac oral cholera vaccine with Euvichol Plus, a
cholera vaccine produced by EuBiologics.

 

Euvichol Plus is one of several oral cholera vaccines that are currently
prequalified by the World Health Organisation (WHO).

 

Depending on the trial outcomes, the vaccine could be approved and ready for
use in Africa in 2028 and globally by 2028/29.

 

CEO of Biovac, Dr Morena Makhoana, said the organisation is proud to be
manufacturing this vaccine entirely in South Africa.

 

"If the trials are successful, South Africa will become the first country on
the continent to produce a cholera vaccine. This development addresses a
critical, life-saving need, given the ongoing global shortages of the
vaccine amid recurring cholera outbreaks," said Makhoana.

 

Biovac is a biopharmaceutical company based in Cape Town, established in
2003 as a result of a collaboration between the government and private
sector aimed at revitalising local vaccine production capabilities.

 

SAMRC Chief Scientific Officer and Distinguished Professor at the Faculty of
Health Sciences, Wits University, Professor Glenda Gray, said: "We are
honoured to lead the clinical trials for the oral cholera vaccine, a
historical landmark for our country and a vital step in strengthening our
country's ability to respond to infectious diseases."

 

She said they were committed to ensuring that these trials are conducted in
full compliance with good clinical practice guidelines, with the highest
regard for the safety, care, and protection of all participants.

 

Read the original article on SAnews.gov.za.

 

 

 

 

 

 

Lesotho Sheds Textile Jobs Amidst U.S. Trade Uncertainty

Lesotho textile factory Hippo Knitting laid off 295 workers last month,
plans to retrench another 420 workers in January, and may shut down
altogether by July 2026.

The company says this is due to cancelled US orders caused by uncertainty
over the renewal of the AGOA trade agreement with the US.

But the National Clothing, Textile and Allied Workers Union accuses the
company of using AGOA uncertainty as a cover and questions the company's
attempts to find new buyers and acquire favourable compliance certification
for US brands.

Hippo Knitting, once one of Lesotho's largest textile employers, is facing
collapse. The factory in Maseru, which employed over 800 workers, laid off
295 last month and announced plans to retrench another 420 employees in
January.

 

 

The company blames uncertainty over the renewal of the African Growth and
Opportunity Act (AGOA), a US trade deal granting duty-free access for
African textile exports.

 

 

Company director Grace Lin says many international buyers have "paused or
cancelled orders" because renewal of AGOA "remains unconfirmed".

 

In a letter last week to the Department of Labour, the Ministry of Trade,
and to trade unions, Lin said "production levels are now too low to sustain
operations".

 

"The absence of AGOA renewal has made our products uncompetitive in the US
market," she wrote. "With profound sadness, we must retrench a further 420
employees, effective 25 January 2026."

 

The letter also warns that if conditions do not improve, Hippo Knitting may
close completely by July 2026.

 

Despite cost-cutting measures and attempts to secure new buyers since June,
the company says, it "has been unable to generate sufficient volume to
remain operational".

 

 

It has appealed to the government for emergency relief, including a freeze
on factory rentals and financial support "to sustain remaining operations".

 

Lin said the company would comply with all labour laws during the
retrenchment process, but keeping jobs depended "on swift and collective
action".

 

Unions protest

 

National Clothing, Textile and Allied Workers Union secretary general Sam
Mokhele told GroundUp that the announcement came as a shock to unions. He
accused Hippo Knitting of using AGOA uncertainty as cover for targeting
trade union members.

 

"This letter came barely two weeks after they retrenched 295 workers," said
Mokhele. "We were still working on challenging those retrenchments, because
they were unlawful and selective [targeting union members], when they
announced another 420 job cuts."

 

 

"We advised the company to avoid retrenchment by giving workers temporary
off days while they look for new orders," said Mokhele. "They refused."

 

"We proposed government intervention during the last retrenchment, but they
refused," he said. "Now they are the ones crying for help."

 

Unions protested on 31 October, calling for urgent government action to
protect textile jobs and press for AGOA renewal.

 

"If retrenchment goes ahead, we will make sure severance benefits are
correctly calculated and paid," said Mokhele.

 

Unions, including United Textile Employees, Textile and Allied Workers
Union, Independent Democratic Union of Lesotho, and Lesotho Workers
Association, plan to meet with the ministers for trade and labour this week.

 

The unions also question whether the company has been actively seeking new
markets since June.

 

Mokhele speculated that Hippo Knitting may be losing buyers because it has
failed to obtain compliance certification under the Worldwide Responsible
Accredited Production (WRAP) system - a set of international labour and
ethical standards required by many US brands.

 

"When we ask about their WRAP certificate, they can't explain why they don't
have it," Mokhele said.

 

Mokhele said the company once asked the unions to write a letter confirming
that past harassment complaints had been resolved so that it could obtain
the certificate. "We did that in good faith, hoping it would help them fix
their problems. But when they failed to obtain the certificate, they never
explained why."

 

Hippo Knitting, union leaders warn, could be the first in a wave of factory
closures if the AGOA trade agreement is not renewed soon.

 

Despite repeated attempts to get comment, Hippo Knitting has not responded.

 

Read the original article on GroundUp.

 

 

 

 

 

Liberia: Govt Defends U.S.$1.21 Bn Budget

Monrovia — Finance and Development Planning Minister Augustine Kpehe Ngafuan
has been defending the newly presented US$1.21 billion 2026 draft National
Budget, saying that it is designed to accelerate Liberia's development
agenda.

 

Unveiling the FY2026 Draft National Budget at the MICAT regular press
briefing on Monday, November 10, Minister Ngafuan gave a detailed overview
of the budget, highlighting key sectors, strategic initiatives, and fiscal
policies designed to accelerate Liberia's development agenda.

 

He emphasized the resilience of the plan, noting: "Without Mittal's 200
million, the budget would still be around 1 billion."

 

 

Ngafuan reassured Liberians that fiscal stability remains central to the
government's financial management. "There was no budget shortfall last year
and there will be no shortfall this year," he declared, attributing this
stability to strengthened revenue collection, disciplined expenditure
management, and ongoing reforms to boost domestic resources.

 

The FY2026 budget is structured to drive growth and development across
critical sectors, with a focus on:

 

Infrastructure Development: Upgrading road networks and enhancing nationwide
connectivity, Health and Education: Revitalizing sector performance to
improve service delivery,

 

Agriculture and Rural Development: Supporting food security and rural
livelihoods, Security Sector Strengthening: Ensuring safety and stability
for all citizens

 

 

Youth Empowerment and Job Creation: Promoting skills development and
employment opportunities

 

These initiatives align with the government's ARREST agenda, which aims to
improve livelihoods, boost productivity, and drive inclusive economic
growth, he said.

 

The finance minister projected that the FY2026 budget will reinforce
macroeconomic stability and stimulate growth. Early signs of progress
include stronger revenue performance, increased investor confidence, and
improved predictability in government spending.

 

"Too many good things are happening, and the budget will deliver a lot of
things next year," Ngafuan said, describing the fiscal plan as both
ambitious and realistic.

 

He stressed that the government remains committed to maintaining stability
in the exchange rate, controlling inflation, and fostering an environment
conducive to business and investment.

 

Reaffirming the administration's commitment to accountability, Ngafuan
encouraged citizens and stakeholders to review the budget once tabled in the
National Legislature, emphasizing the importance of public participation in
shaping Liberia's future.

 

The FY2026 Draft National Budget is expected to be submitted to the
Legislature for scrutiny, debate, and approval in the coming days, with
implementation scheduled to begin on January 1, 2026.

 

The briefing underscores the government's confidence in its fiscal
direction, highlighting its commitment to stability, transparency, and
impactful development. With a US$1.2 billion budget and well-defined
priorities, the administration aims to deliver tangible improvements across
Liberia, marking FY2026 as a year of bold, meaningful progress for all
citizens.- Edited by Othello B. Garblah.

 

Read the original article on New Dawn.

 

 

 

 

 

 

Kenya: Ruto Seeks Gulf Investors to Deliver 10,000 Megawatts By 2032

Nairobi — The government is turning to public-private partnerships (PPPs) to
expand Kenya's electricity generation capacity to 10,000 megawatts (MW) by
2032.

 

The government will also execute similar PPPs in infrastructure, and
irrigation projects.

 

President William Ruto said the partnerships will play a key role in scaling
up investment in power generation and modern infrastructure to support
industrial growth and food security.

 

"Our talks focused on deepening investment partnerships in infrastructure
and energy, including projects to expand Kenya's energy generation capacity
to 10,000 megawatts in the next seven years," Ruto said after meeting a
United Arab Emirates (UAE) delegation in Nairobi on Monday.

 

 

"We are committed to strengthening our bilateral relations with the UAE
through enhanced trade, investment, and economic cooperation under the
Comprehensive Economic Partnership Agreement (CEPA), unlocking opportunities
for growth, job creation, and shared prosperity."

 

The President said the initiative will include the development of 50 mega
dams under PPP arrangements to boost irrigation and food production.

 

His statement follows remarks made during his visit to Qatar, where he cited
Kenya's limited power supply as a major constraint to attracting foreign
direct investment, including the establishment of data centers that require
at least 10,000 MW of reliable electricity.

 

Kenya's installed capacity currently stands at 3,192 MW, according to data
from the Energy and Petroleum Regulatory Authority (EPRA).

 

 

However, system losses in transmission and distribution averaged 23.36 per
cent in the year to June 2025, meaning nearly one in four units generated
never reaches consumers.

 

The figures underscore the scale of the challenge ahead, as the country must
not only triple its generation capacity but also cut losses significantly to
meet future demand.

 

The government says its pivot to PPPs aims to mobilize private capital for
new power plants and infrastructure while modernizing the national
transmission grid to improve efficiency and reliability.

 

In November 2024, the administration had signaled plans to explore
alternative financing for the country's aging power network following the
cancellation of a Kenya Electricity Transmission Company (KETRACO) deal with
Indian-based conglomerate Adani Solutions.

 

Read the original article on Capital FM.

 

 

 

 

 

 

 

 

 


 


 


 Invest Wisely!

Bulls n Bears 

 

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INVESTORS DIARY 2025

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


Companies under Cautionary

 

 

 


 

 

 

 


CBZH

GetBucks

EcoCash

 


Padenga

Econet

RTG

 


Fidelity

TSL

FMHL

 


 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

 


DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of
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opinions expressed and recommendations made are subject to change without
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companies typically involve a higher degree of risk and more volatility than
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for guideline purposes only and d from third parties.

 


 

 


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