Major International Business Headlines Brief ::: 28 November 2025

[Bulls n Bears]

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Major International Business Headlines Brief :::  28 November  2025 

 


 


 


 <mailto:info at bulls.co.zw> 

 


 

 


 

ü  Africa: AU-EU Summit Ends With Pledges On Trade, Minerals and Migration

ü  Uganda: Museveni Warns Teachers Against Pressuring Government Over Salary
Increments

ü  Somalia: Somaliland Issues Urgent Drought Appeal As Crisis Deepens
Nationwide

ü  Kenya: County Levies, Cabotage Rules Hurt Transport Sector, Study

ü  Uganda: Nsereko Stresses Agriculture, Industrial Growth, and Youth
Engagement Ahead of 2026 Elections

ü  Africa: Network of Bot-Like Accounts Supporting Sanctioned Mining
Billionaire

ü  South Africa: Police Urge Vigilance for Black Friday Shopping

ü  Nigeria: FAAN Unveils Plans to Make Nigeria Cargo Hub for West Africa

ü  Nigeria: Dangote Group Contracts Saipem, Eil, Others for Fertiliser
Plants' Expansion in Nigeria, Ethiopia

ü  Kenya: High Court Suspends 10 Percent Crude Oil Import Duty, Terms Levy
Unconstitutional

 


 <mailto:info at bulls.co.zw> 

 


 

 

 

Africa: AU-EU Summit Ends With Pledges On Trade, Minerals and Migration

African and European leaders ended a summit in Luanda on Tuesday with new
cooperation pledges on trade, minerals and migration but acknowledged that
the two-day gathering produced no major breakthroughs.

 

The summit brought together 80 delegations for negotiations on trade,
minerals, migration and security. The final communiqué listed commitments to
strengthen commercial ties, expand cooperation on strategic minerals and
curb irregular migration while improving legal mobility.

 

It also set out a pledge to support a rules-based international order.

 

 

European Council President Antonio Costa warned that letting states
undermine recognised borders risked wider instability.

 

"When we allow a state, whichever it may be, to flout the serenity and
internationally recognised borders of another country, we authorise all of
them to do the same," Costa said.

 

"That is why there is no alternative to the multilateral and international
order based on rules." He added that the partnership rested on "shared
values."

 

A European Commission statement released during the meeting detailed new EU
investment packages for energy, digital networks, infrastructure and
businesses in African countries.

 

South Africa closes G20 year framed as 'presidency for all of Africa'

 

Trade and minerals

 

Trade and strategic minerals featured heavily in the talks. African
representatives pressed for more processing to take place on the continent.

 

 

Angola's foreign minister Tete Antonio said Africa wanted a shift in how its
resources were exported. "We need to be able to export cobalt, but also
vehicle batteries," he said.

 

Antonio gave a broader view of what leaders discussed.

 

"We talked about peace, security and governance but above all, we recalled
that we will have to work in such a way that prosperity is shared and that
the values of solidarity, cooperation and dialogue are preserved," Antonio
said.

 

Africa's changing diplomacy as G20, Ecowas divisions and new global
alliances loom

 

Conflicts and crises

 

The talks also focused on Sudan and eastern DR Congo. Leaders condemned
killings by the Rapid Support Forces in El-Fasher and backed UN resolution
2773.

 

They also backed efforts in Washington and Doha aimed at reducing tensions
in eastern DR Congo.

 

Belgian foreign minister Maxime Prévost said the EU needed to reassess its
approach to Congo sanctions.

 

"The European Union may have been too quick to be satisfied with having
taken sanctions in February or March, without then worrying sufficiently
about how the situation evolved," said Prévost.

 

"And today, I am not sure that new sanctions would be appropriate, at the
risk that they be instrumentalised to justify the derailment of ongoing
mediation processes."

 

Migration was another major theme. The communiqué said the aim was to curb
irregular migration while improving mobility for citizens of both blocs.

 

Read or Listen to this story on the RFI website.

 

 

 

 

 

 

Uganda: Museveni Warns Teachers Against Pressuring Government Over Salary
Increments

President Museveni, the NRM presidential candidate, has cautioned arts
teachers against pressuring the government over salary increases.

 

Addressing supporters at a rally in Rukungiri District, the President said
the government cannot operate on the basis of public pressure when
allocating resources.

 

Museveni said the government has several competing priorities, including
road construction and other national development programmes, which must be
considered alongside wage demands.

 

"You saw teachers striking over salary increments. I informed them that they
should wait because we still have more things to do, but they insisted that
they want money. That's not how we operate," Museveni said.

 

Rukungiri the home district of Museveni's archival Dr Kizza Besigye, who has
been jailed for more than a year over treason charges.

 

The district has voted for the four-time presidential candidate and largely
churned Museveni even in the last election when Besigye was a bystander.

 

 

But NRM leaders are convinced the tide is changing here.

 

Former Prime Minister Amama Mbabazi told the rally that Rukungiri is no
longer an opposition stronghold, saying the NRM is firmly rooted in the
district and expects to perform strongly in the 2026 general elections.

 

ICT Minister Dr Chris Baryomunsi echoed this view and dismissed concerns
that the detention of Col Dr Besigye would affect NRM's support in
Rukungiri.

 

He said the situation would only raise alarm if Besigye were being held in
unknown locations or mistreated.

 

"I want to call for a speedy trial if sufficient evidence exists against
him," Dr Baryomunsi said.

 

President Museveni moves his campaign to the Ankole sub-region tomorrow,
with rallies scheduled in Ntungamo and Isingiro districts.

 

 

Read the original article on Nile Post.

 

 

 

 

 

Somalia: Somaliland Issues Urgent Drought Appeal As Crisis Deepens
Nationwide

Somaliland President Dr. Abdirahman Mohamed Abdillahi Irro has issued a
renewed national drought appeal, warning that conditions are rapidly
deteriorating across several regions and urging immediate mobilisation of
support from citizens, businesses and international partners.

 

The president announced a $1 million government contribution to reinforce
urgent relief operations, saying the effects of prolonged drought were now
severely disrupting livelihoods, essential services and rural stability.

 

"I am issuing this appeal once again to our people and to the international
community regarding the drought affecting Somaliland," President Irro said.

 

"The drought is worsening, and I call on both our citizens and global
partners to support the ongoing relief efforts. As a government, we are
pledging one million dollars to help respond to this crisis."

 

Drought forces closure of schools

 

 

Education Minister Prof. Ismaaciil Ducaale Yuusuf said the drought has
forced the closure of at least 150 schools in Togdheer, Saaxil, Sanaag and
Sool, affecting more than 45,000 students.

 

He said 14,457 primary, intermediate and secondary pupils were displaced as
families migrated in search of water and pasture, while an additional 260
schools remain at risk of closure.

 

"When families relocate with their livestock to find grazing and water,
schools lose teachers, students and basic services," the minister told BBC
Somali.

 

Government urges rapid relief coordination

 

President Irro said his administration would intensify cooperation with
regional administrations and humanitarian organisations to speed up delivery
of assistance to vulnerable households.

 

Humanitarian officials warn that livestock losses, dwindling water supplies
and rising malnutrition are increasing pressure on communities as drought
conditions persist.

 

 

© 2025 Horn Diplomat Media

 

Read the original article on Horn Diplomat.

 

 

 

 

 

 

Kenya: County Levies, Cabotage Rules Hurt Transport Sector, Study

Nairobi — Kenya must urgently harmonise county trucking levies and review
restrictive cabotage rules to boost efficiency and competitiveness in the
road transport sector, a new report by the Competition Authority of Kenya
(CAK) and the World Bank warns.

 

The assessment shows that while Kenya performs relatively well compared to
middle-income peers, its road transport industry remains constrained by
fragmented county-level charges and strict limits on foreign haulers.

 

"Truckers continue to face excessive and duplicative levies across counties,
increasing transaction costs and discouraging new entrants," the report
notes. "Easing cabotage restrictions would reduce wasted capacity, lower
costs, and strengthen Kenya's role as a regional transport hub."

 

 

Transporters face inconsistent licensing, parking, weighbridge and
enforcement requirements imposed independently by counties, creating
unpredictable compliance costs. Cess fees and special permits
disproportionately affect operators moving goods such as extractives and
agricultural commodities.

 

Concerns raised in 2019 by the Kenya National Chamber of Commerce and
Industry (KNCCI) remain unresolved, with recent cess hikes prompting the
Kenya Transporters Association (KTA) to petition the President amid
escalating costs and inconsistent enforcement.

 

The study further highlights that cabotage rules prevent foreign trucks from
carrying domestic freight without additional permits or local partnerships.
CAK's earlier findings show these restrictions force many foreign haulers to
return empty even when cargo is available, pushing up freight costs across
the region.

 

 

Despite provisions under the East African Community Treaty allowing limited
exceptions, Kenya's rules remain among the most restrictive--undermining its
position as a regional logistics hub.

 

The report calls for stronger coordination between NTSA and county
governments to ensure levies are harmonised, transparent and predictable,
alongside a comprehensive review of cabotage regulations to remove
inefficiencies and support regional integration.

 

Read the original article on Capital FM.

 

 

 

 

Uganda: Nsereko Stresses Agriculture, Industrial Growth, and Youth
Engagement Ahead of 2026 Elections

Outgoing Kampala Central Member of Parliament, Muhammad Nsereko, has called
for strategic investment in Uganda's agricultural and industrial sectors
while urging more direct communication between leadership and the youth.

 

Speaking during Sanyuka One-on-One on Wednesday, Nsereko, who also serves as
President of the Ecological Party of Uganda (EPU), reflected on both the
country's achievements and its ongoing challenges.

 

"Sixty percent of Ugandans depend on farming, and global demand for coffee
continues to grow. The real challenge arises from rural-urban migration,
which disrupts production patterns and weakens agricultural communities," he
said.

 

 

He emphasized the importance of sustaining and strengthening rural farming
systems to ensure long-term economic stability.

 

Acknowledging Uganda's strides in industrialization, Nsereko praised recent
government efforts to expand manufacturing capacity.

 

"I give credit where it's due. Uganda's biggest achievement in recent years
is the aggressive drive to build factories, leading the entire East African
region in industrial expansion," he said.

 

Nsereko also urged for better communication between government leadership
and citizens, particularly the youth.

 

"President Museveni has a vision, but he doesn't always break it down for
the people who need to understand it most. He should speak directly to the
youth so they don't tear down what they don't comprehend," he said.

 

Highlighting future economic opportunities, Nsereko pointed to Uganda's
potential in steel production.

 

 

"Global demand for steel is projected to rise sharply over the next 35
years. If Uganda positions itself as a major steel producer, where could the
country stand in that future economy?" he questioned, urging policymakers to
consider long-term industrial planning.

 

"Those in the opposition now are a bunch of jokers. How do you tell people
that you instructed your candidates not to appear for a debate?" he said,
signaling frustration with what he perceives as a lack of accountability
among political rivals.

 

A lawyer by profession, Nsereko first entered Parliament in 2011 under the
ruling NRM ticket but later broke ranks to become one of its strongest
critics.

 

He has retained his Kampala Central seat as an independent and launched the
Ecological Party of Uganda in 2020, focusing on environmental protection,
social justice, and youth employment.

 

He did not appear on the nomination papers for the presidency after failing
to obtain the required signatures, citing electoral irregularities as the
reason for his inability to contest.

 

Read the original article on Nile Post.

 

 

 

 

 

 

Africa: Network of Bot-Like Accounts Supporting Sanctioned Mining
Billionaire

An online network of bot-like accounts, media sites and X users has been
spreading disinformation supporting sanctioned Israeli tycoon Dan Gertler
and attacking civil society groups in the Democratic Republic of the Congo
(DRC), Global Witness analysis has found

 

Dozens of X accounts and at least 10 Congolese news websites shared
misleading claims in July that an Israeli arbitration involving Gertler
cleared him of all corruption allegations in the DRC.

 

A group of bot-like accounts amplified the claims and used the misleading
reports to argue against American sanctions on Gertler, with some claiming
that he was wrongly accused of corruption.

 

The businessman was sanctioned by Washington in 2017 for amassing a fortune
through "hundreds of millions of dollars' worth of opaque and corrupt mining
and oil deals in the DRC." The DRC stands to lose more than $3.7 billion
because of Gertler's deals, according to estimates made by the civil society
coalition Le Congo N'est Pas à Vendre (CNPAV). Global Witness is a member of
CNPAV.

 

 

The apparent attempt to rehabilitate Gertler's image in the DRC risks
whitewashing the activities of a sanctioned actor and threatens efforts to
ensure transparent and ethical sourcing of transition minerals in the
country.

 

The coordinated bot-like activity suggests an organised disinformation
campaign. It echoes a pro-Gertler online smear campaign against Global
Witness and NGO PPLAAF (Platform to Protect Whistleblowers in Africa) in
2020.

 

Exoneration claims

 

The misleading claims that Gertler had been exonerated of any corruption in
the DRC first appeared in a series of similar, and in some cases identical,
articles published in online Congolese media in mid-July.

 

These articles referenced a Bloomberg story published days earlier, which
covered a 2024 Israeli arbitration on a dispute between Gertler and two
Israeli former investors.

 

 

Bloomberg reported that Gertler's testimony saw him provide details, for the
first time in his own words, of payments that he made to Augustin Katumba
Mwanke, who was a trusted aide of the DRC's former President Joseph Kabila,
and stakes in ventures Gertler held on Katumba's behalf.

 

The articles subsequently published on Congolese sites claimed that the
Israeli decision over specific payments amounted to complete exoneration of
Gertler's activity in DRC.

 

Three identical articles published in French alleged: "This is the first
time that an independent and authorized legal body has reviewed all
information about Gertler's activity in Congo and concluded that no bribes
were handed over and proven."

 

However, the arbitration, which Gertler is seeking to overturn, was a civil
dispute between business partners. Arbitrations are private and the decision
is meant to remain confidential to the parties, however some of its findings
have been reported in various places, including by Bloomberg.

 

 

While the arbitration found that there was no "compelling evidence" that
certain payments to Katumba were bribes, it also made clear that it was not
considering payments which the US Department of Justice had already
described as bribes when sanctioning Gertler.

 

It also affirmed that the private arbitration decision was only meant to
settle the dispute between the parties, and that nothing in the decision was
to be used by anyone other than those parties.

 

Who is Augustin Katumba Mwanke?

 

Katumba held a mixture of official and unofficial positions during his life.
In 2006, he was elected as a deputy and as executive secretary of the ruling
party in 2007, according to media reports.

 

He was described as a "highly influential figure at the heart of Kabila's
presidential office" and one of the president's most influential advisors
with "de facto" control over mining deals in the DRC.

 

In his posthumously-published book, Katumba describes how between 2007 and
2008 he negotiated the "deal of the century" between Sicomines and the DRC.

 

The publication of a large number of articles by DRC media claiming that the
decision has exonerated Gertler of any wrongdoing stands in stark contrast
to longstanding corruption claims against Gertler, which led to the US
government sanctioning him personally in 2017.

 

This ruling - which was a civil dispute between business partners rather
than an investigation into the legality of Gertler's activities in the DRC -
did not have a remit to exonerate him from all historic corruption and
bribery allegations in the DRC as Congolese media reporting appeared to
allege.

 

Global Witness approached Gertler for comment.

 

His spokesperson said: "That judgment provides one of the most detailed
examinations of our activities in the DRC and explicitly concludes that
there was no evidence of corruption in our operations. The judge makes this
point repeatedly, so any reporting that reflects these findings is accurate
journalism, even if it does not align with your perspective."

 

Gertler's spokesperson denied undertaking any media campaign in the DRC in
relation to the arbitration decision.

 

Bot-like accounts push for sanctions relief

 

Days after the misleading articles were published, a group of bot-like
accounts on X claimed that US sanctions of Gertler in the DRC were unjust in
light of the supposed exoneration, and harmful to the DRC's interests.

 

Global Witness found 40 accounts, all created in February, that posted
similar replies to an X post by Carbone Beni, a self-described
"pro-democracy activist" on 16 July.

 

The replies made arguments opposing sanctions on Gertler. One reply claimed:
"Every day with these sanctions, the DRC loses opportunities. The Israeli
decision must push the US to act quickly to correct this injustice."

 

Another said: "Depriving the DRC of resources because of unfair sanctions is
immoral. The Israeli justice system is paving the way for a necessary
change."

 

Aside from the similarities in the contents of the posts, analysis of the
accounts' history suggests a coordinated campaign. The accounts were all
created in February 2025, and all have posted on the same dates.

 

None of the accounts have an identifiable owner. Only one account has an
image of an identifiable person in its profile picture, and reverse image
searching shows that the picture originates from a fashion brand's website.

 

The email addresses associated with each cluster of accounts follow the same
format. Each email begins with the first two letters of the account's
display name and ends with an apparent Gmail domain.

 

For example, an account under the name of Divin Yondo is associated with the
email address di********@g****.***, while an account with the display name
Gloria Binzala was registered under the address gl***********@g****.***.
This suggests they may have been created in coordination.

 

Global Witness cannot discount the names of real persons being used without
their knowledge as front identities for bot accounts.

 

The accounts appear to have been used not only to whitewash Gertler's
activities but also to undermine civil society groups holding Gertler to
account.

 

Later the same day, on 16 July, the accounts targeted Jimmy Kande, Director
of PPLAAF. Kande had posted a statement on X calling out what he claimed was
a "digital army" of "pseudo-experts" and "media relays" who had emerged to
distort the facts around the arbitration.

 

All 40 of the accounts created in February 2025 replied. They posted with
similar structure and language, such as "Gertler pays taxes, you only pay
with words #TaxPayerVsWhiner" and "Gertler at least has the merit of
existing, you're just a shadow #RealityVsFantasy" (posts translated from
French).

 

Dozens of other accounts that appear to be fake also posted similar replies
to Beni. These accounts, created in March, April and July, have been
identified as bot-like through similarities in their behaviour and the
structures of the email addresses associated with the accounts.

 

One group of accounts, all created in March 2025, posted on the same dates
as the 40 accounts created in February. Several of the accounts have only
one or two followers and follow Russian-language accounts.

 

These accounts are all registered to email addresses that follow the same
format. For example, the emails used to register the accounts @lotulukelela
and @kasongo16738 are it********@r******.** and bh********@r******.**.

 

This suggests an extended and coordinated bot-like network, with sets of
accounts possibly created at different intervals.

 

Approached for comment, Carbone Beni said that his views on Gertler were
entirely independent, and that he cannot be held responsible for the
actions, opinions or comments of other users on X.

 

The articles

 

The original articles claiming that Gertler had been exonerated were
published on at least 10 Congolese media sites over a period of two days in
July. Three of the pieces include identical wording.

 

While these articles give the appearance of widespread independent media
coverage, several of the sites appear to regularly publish articles
favourable to Deo Kasongo, who is believed to carry out communications for
Gertler in the DRC. There is no suggestion of any wrongdoing by Mr Kasongo.

 

Global Witness approached all the media outlets for comment.

 

AfricaNewsRDC, Scoop RDC and Infos27 declined to respond to our questions,
with AfricaNewsRDC and Scoop RDC stating that they are independent media.

 

Scoop RDC also sent Global Witness a copy of an open letter, which called
Global Witness' approach to them for comment a "blatant attempt at
intimidation". The letter, which was signed by individuals from 17 other
DRC-based outlets, said that Global Witness was "attempting to dictate
narrative and police speech."

 

Scoop RDC also published on its website the full email that Global Witness
had sent giving the outlet an opportunity to comment. The post included an
image of a Global Witness staff member and their contact details. Several
other outlets also published the image alongside specific references to the
same staff member.

 

This mirrors similar personal attacks made by some of these media outlets on
other members of the civil society coalition CNPAV.

 

None of the media sites responded to the questions put to them by Global
Witness, asking how they obtained the information reported in the
near-identical stories they published, or how they had independently
verified this information.

 

Gertler's spokesperson said that the media coverage was an independent
response to Bloomberg reporting on the arbitration, and that his
representatives did not issue a press release on the matter. Independent
journalists in the DRC remain interested in their activities, they said,
referring to ongoing campaigning by CNPAV as contributing to this interest.

 

They continued: "The diversity of opinions on the Bloomberg arbitration
article expressed by the Congolese media reflects the principle of free
speech. Again, and for the avoidance of any doubt, we have not undertaken
any media campaign in the DRC regarding this issue.

 

"In recent months, we have published two reports addressing factual
inaccuracies in CNPAV's analysis of mining asset acquisitions; however,
these reports are unrelated to the arbitration case. Congolese reporting
therefore reflects the views and analysis of the local media, not any
coordinated effort on our part."

 

Claims appear across X

 

The articles published by the media organisations were further amplified at
the time by a wide variety of X users separate to the bot-like accounts.

 

Several accounts with large followings shared the apparent disinformation,
as well as posts attacking CNPAV across July that included a video with
footage likely generated by AI.

 

The identities behind some of the accounts are unclear, but some of their
bios suggest media and communications links. They have thousands or tens of
thousands of followers.

 

At least five of the X accounts have also posted support for Kasongo and his
communications group Divo.

 

Global Witness approached Kasongo and the Divo Group for comment but did not
receive a response. Our investigation has found no evidence that Kasongo is
responsible for the accounts and outlets spreading the disinformation.

 

Policy recommendations:

 

Affirm the integrity of corruption sanctions (and OFAC): Governments should
publicly and jointly reaffirm that sanctions imposed for corruption remain
valid unless credible criminal or judicial proceedings overturn them not
private commercial arbitrations. This would prevent misrepresentation of
rulings (like the Israeli arbitration) as "exoneration."

Stand against disinformation that undermines accountability: Governments,
platforms, and international bodies should condemn coordinated
disinformation campaigns that target journalists or civil society watchdogs,
or aim to whitewash sanctioned individuals. When evidence of bot networks or
media campaigns emerges, governments and digital platforms should issue
public fact-checks to stop the spread.

X's policies state that you may not "artificially amplify [...] information
or engage in behavior that manipulates or disrupts people's experience" and
that users that violate this policy may have the visibility of their posts
limited and, in severe cases, their accounts suspended. X must investigate
whether the list of potential bots that we have identified here violate
their policies and invest more in protecting our democratic debate from
manipulation.

Protect space for civil society: States should commit to protecting NGOs,
whistleblowers, and journalists from digital smear campaigns and
intimidation. This includes funding support for digital security and rapid
public rebuttals when smear campaigns emerge.

Demand transparency from tech platforms: Platforms should be required
(globally, not just in one jurisdiction) to: disclose when coordinated fake
accounts are removed, publish the data on networks linked to political or
commercial influence, and work with civil society groups who are being
targeted.

Close loopholes for sanctioned actors: Countries should cooperate to ensure
that sanctioned individuals cannot use PR firms, lobbyists, or shell
companies to launder reputations or assets across borders. Any attempts to
push for delisting via disinformation should be treated as an extension of
sanctions evasion.

Strengthen international coordination: The US, EU, UK, and allies should
establish a cross border working group to monitor and respond to
disinformation linked to corruption cases.

Read the original article on Global Witness.

 

 

 

 

 

South Africa: Police Urge Vigilance for Black Friday Shopping

Police in the Northern Cape have urged shoppers to be extra vigilant during
Black Friday, reports SABC News. They warned that robberies may increase as
shopping activity spikes. SAPS has called on communities to work with law
enforcement to keep the festive season safe and crime-free. Spokesperson
Molefi Shemane advised the public to follow key safety tips. These include
having bank cards ready before approaching an ATM, avoiding transactions if
suspicious individuals are nearby, staying alert during withdrawals, and
never accepting help from strangers; instead, seek assistance inside the
bank.

 

Taliep Petersen's Family Welcomes Decision to Deny Najwa Parole

 

The family of slain music and theatre icon Taliep Petersen has welcomed the
decision to deny parole to his widow, Najwa Petersen, reports EWN. The
Correctional Supervision and Parole Review Board rejected her second bid for
release. Her initial parole placement date was referred for review last year
following an objection from Taliep Petersen's family. Najwa qualifies for
parole, having served 16 years of her 28-year sentence, but the board opted
not to grant it. She was convicted in 2008 for orchestrating Taliep's 2006
murder at their Athlone home. Her co-accused, Abdoer Emjedi and Waheed
Hassen, have since been released on parole. Taliep's brother, Igsaan
Petersen, said Najwa has only herself to blame for the outcome. The board's
specific reasons for the decision have not yet been disclosed.

 

 

EFF to March, Demands Phala Phala Ruling

 

The Economic Freedom Fighters (EFF) is set to march to the Constitutional
Court in Johannesburg to demand a long-awaited ruling on the Phala Phala
case, reports SABC News. The EFF says the court must hand down judgment on
the case involving the alleged theft of US dollars from President Cyril
Ramaphosa's Phala Phala farm in Limpopo. The ConCourt heard the EFF's review
application on November 26 last year, it has yet to deliver judgment. The
EFF argues that the delay raises serious concerns about accountability and
transparency within the justice system. The party says the march forms part
of a broader campaign of grassroots mobilisation and public pressure for
transparency, the rule of law, and accountability in the country.

 

 

More South African news

 

 

 

Nigeria: FAAN Unveils Plans to Make Nigeria Cargo Hub for West Africa

The Managing Director and Chief Executive of Federal Airport Authority of
Nigeria (FAAN), Mrs Olubunmi Kuku has assured that Nigeria would become a
dominant hub, a beacon of efficiency, and a catalyst for economic prosperity
across Africa.

 

She identified plan to ensure Nigeria will not continue to be a dot on the
global cargo map, but a strategic gateway connecting Africa to the world.

 

This was contained in her remarks on Wednesday at the Directorate of Cargo
Development Services (DCDS) Operational Stakeholders Engagement held in
Lagos.

 

 

Kuku said, "FAAN Management, under the leadership and the guidance of the
Honourable Minister of Aviation and Aerospace Development, Mr. Festus
Keyamo, is fully committed to creating the enabling environment, the
necessary policies, infrastructure, and political will for this ecosystem to
thrive."

 

She said the government cannot drive this agenda alone but needs
partnership, innovation, and commitment to excellence.

 

"The issues and opportunities before us, whether in handling, documentation,
automation, safety, or export readiness, all require a joint approach. This
session is your platform to speak, to challenge, and to co-design
solutions," adding that "each operational challenge is an opportunity for us
to improve and improve quickly. Let's fix bottlenecks. Let's upgrade our
facilities. Let's lift service quality. Let's build the systems that make
cargo flow seamless in and out of Nigeria. Let's put Nigeria in its rightful
place as the air cargo powerhouse of West and Central Africa because we can,
and because the future demands it."

 

 

The FAAN boss further stated that the work ahead is vast, but so is the
potential.

 

Read the original article on This Day.

 

 

 

Nigeria: Dangote Group Contracts Saipem, Eil, Others for Fertiliser Plants'
Expansion in Nigeria, Ethiopia

Dangote Group has announced a series of strategic technical partnerships
with four global engineering, procurement and construction (EPC) firms to
support the next phase of expansion of its fertiliser operations in Nigeria,
as well as the development of new fertiliser plants in Ethiopia.

 

The companies, according to a statement issued yesterday by the group,
include Italian firm, Saipem, Engineers India Limited (EIL), Topsoe, and
Thyssenkrupp UFT.

 

The group explained that these collaborations marked a significant step in
its long-term plan to strengthen regional food security, enhance
agricultural productivity, and deepen Africa's position in the global
fertiliser market.

 

 

The statement said, "Through these strategic partnerships, Dangote Group
will increase its urea production capacity in Nigeria from the current three
million metric tons to nine million metric tons annually.

 

"The existing facility operates two trains with a combined capacity of three
million metric tons. The expansion will introduce four additional trains,
enabling the Group to meet the rising demand for high quality fertiliser
across Africa and global markets."

 

In addition to the Nigerian expansion, Dangote Group recently held the
ground-breaking ceremony for a $2.5 billion fertiliser plant in Gode,
Ethiopia.

 

The group said the facility was designed to produce three million metric
tons of urea annually and represented a significant step in Dangote Group's
commitment to strengthening food security and industrial growth across the
continent.

 

 

It said, "To deliver world class facilities and ensure the highest standards
of technology, reliability, and operational efficiency, Dangote Group has
entered into the following partnership agreements:

 

"Topsoe will provide ammonia technology licensing and complete process
design packages for six ammonia plants. Four of these plants will be located
in Nigeria and two in Ethiopia. Topsoe is recognised globally for advanced
ammonia process technologies that support efficient and environmentally
responsible production."

 

It stated that Saipem will deliver technology licensing and the full process
design package for urea melt units across all six plants. Dangote said this
included four units in Nigeria and two in Ethiopia., adding that Saipem
brings deep engineering expertise and decades of experience in fertiliser
production systems.

 

The group said Thyssenkrupp's UFT division will supply the granulation
technology license and complete process design package for granulation units
in the six fertiliser plants. It said this will support the production of
premium quality urea granules suited for domestic and international markets.

 

It said Engineers India Limited had been appointed as project management
consultant and engineering procurement and construction management
consultant for the four fertiliser plants being developed by DFFZE in Lekki,
Nigeria.

 

The statement said, "Engineers India brings proven competence in large scale
industrial engineering and project delivery.

 

"These partnerships reflect Dangote Group's commitment to delivering high
quality industrial assets that meet the most rigorous global standards.

 

"The planned expansion will significantly increase regional urea and ammonia
production capacity, create new jobs, support agricultural value chains, and
contribute to sustainable economic growth in Nigeria, Ethiopia, and across
the continent.

 

"Dangote Group remains fully dedicated to building resilient industrial
capacity, supporting national development priorities, and forging strong
global collaborations that advance Africa's long-term prosperity."

 

Read the original article on This Day.

 

 

 

 

 

Kenya: High Court Suspends 10 Percent Crude Oil Import Duty, Terms Levy
Unconstitutional

Nairobi — The High Court has suspended the government's decision to impose a
10 percent import duty on crude oil, declaring the levy unconstitutional,
null and void.

 

In the landmark ruling delivered Thursday, Justice Bahati Mwamuye found that
the government failed to conduct public participation or involve Parliament
in a decision that directly affects consumer prices and access to essential
commodities.

 

Justice Mwamuye held that any move to adopt or effect measures under the
East African Community (EAC) Common Market commitments must undergo robust
public scrutiny and legislative oversight, as required by the Constitution.

 

 

"Any decision by the government to apply, stay, or adopt measures under the
EAC framework must involve public participation and parliamentary scrutiny.
Failure to do so violates the Constitution," the judge ruled.

 

The judgement also barred enforcement of the EAC Gazette Notice dated 30
June 2024, the legal instrument through which the duty had been
operationalized.

 

The now-suspended levy had contributed to a steady rise in the cost of fuel
and fuel-dependent commodities across the country.

 

What the Ruling Means for Kenyans

 

The effect of the ruling means that the 10% import duty on crude oil cannot
be implemented unless due process is followed and fuel prices, which had
seen upward pressure from the tax, may now stabilize or reduce depending on
future policy adjustments.

 

 

The government will be required to conduct public participation and present
any similar taxation measures before Parliament.

 

The declaration is also expected to ease inflationary pressure on households
already grappling with high living costs, while reinforcing constitutional
safeguards on public finance decisions.

 

Read the original article on Capital FM.

 

 

 

 

 

 

 

 

 

 

 

 


 


 


 Invest Wisely!

Bulls n Bears 

 

Cellphone:         +263 71 944 1674 | +27 79 993 5557 

Email:                <mailto:bulls at bullszimbabwe.com>
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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
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) 2025 Web:  <http://www.bullszimbabwe.com> www.bullszimbabwe.com Email:
<mailto:bulls at bullszimbabwe.com> bulls at bullszimbabwe.com Tel: +27 79 993
5557 | +263 71 944 1674

 


 

 

 

 

 

 

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