Major International Business Headlines Brief ::: 17 October 2025

Fri Oct 17 10:03:22 CAT 2025

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Major International Business Headlines Brief :::  17 October  2025 

 <mailto:info at bulls.co.zw> 

ü  South Africa: Taxi Routes Reopen After 30-Day Closure in Helderberg 

ü  Nigeria: Govt Moves to End Joblessness, Launches National Job Centres
Nationwide

ü  Kenya: Chaos At JKIA As Crowds Overwhelm Security During Raila's Arrival

ü  Ecobank Marks its 40th Anniversary by Championing Inclusive Education in
Africa on 2025 Ecobank Day

ü  Nigeria: Dangote Retains 'Most Valuable Brand' Title for 8th Straight
Year

ü  Ghana, World Bank Strengthen Ties to Boost Growth in Key Sectors

ü  South Africa: Unemployed Young People Protest in Nigel, Demanding Jobs

ü  South Africa: Broke Gen Z Earning 2005 Salaries in 2025

ü  Tanzania's Kuunda Raises $7.5m to Expand Embedded Liquidity Platform

ü  South Africa: Tshwane Takes Waste Levy Fight to Appeals Court

ü  Africa: Report Reveals DDoS As New Dimension of Cyberthreats to Digital
Infrastructure in West Africa

ü  Lesotho: IMF Calls for Economic Reform

 <mailto:info at bulls.co.zw> 

South Africa: Taxi Routes Reopen After 30-Day Closure in Helderberg 

October 16 marks the final day of the 30-day closure of taxi routes and
lanes in the Helderberg region, reports EWN. In September, the Western Cape
High Court granted the provincial mobility department an interdict, ordering
the closure of routes from Mfuleni and Khayelitsha to Somerset West. The
dispute between CATA and CODETA over operating on these routes resulted in
deadly attacks on taxi drivers. At least  10 people were shot and killed as
a result of the ongoing impasse. The routes that were shut down connect
Khayelitsha and Mfuleni to the Somerset West CBD. Western Cape Mobility MEC
Isaac Sileku described the closure as a last resort, adding that both groups
needed to get back to the negotiating table.  Golden Arrow Bus Services and
Metrorail increased services for commuters in the area during this time.

A four-year-old girl has died and several others were injured in a head-on
collision near Trafford Road in Pinetown, Durban, reports SABC News. Two
vehicles were involved in the crash, which prompted emergency services to
rush to the scene. The eThekwini Fire Department and ALS Paramedics worked
tirelessly to free trapped occupants. While three family members were rushed
to the hospital with serious injuries, paramedics confirmed the young girl
was declared dead at the scene. ALS Paramedics spokesperson Garrith Jamieson
described the scene as "carnage," noting the extensive damage to both
vehicles and the intensive rescue efforts that followed.

CPUT Forms Task Team to Address Fee Protests

The Cape Peninsula University of Technology (CPUT) has established a task
team to engage with students over concerns about possible fee adjustments
for next year, reports EWN. This follows threats of protest from the EFF
Student Command (EFFSC) over proposed registration and tuition fees. The
EFFSC supporters temporarily disrupted shuttle services at the Cape Town
campus before delivering a memorandum at the Bellville campus. CPUT
management said the task team is discussing its potential adjustments to
university fees as part of an ongoing process with students until an
agreement is reached. The formation of the task team follows a meeting with
the Student Representative Council (SRC), where CPUT management presented a
proposed Financial Control Plan to curb institutional debt. The plan
suggests measures such as an application fee, increases in tuition and
residence costs, and reinstating a R3,500 minimum initial payment. However,
CPUT spokesperson Lauren Kansley said there are no approved plans to make
any adjustments to the financial model of the institution.

More South African news

Nigeria: Govt Moves to End Joblessness, Launches National Job Centres
Nationwide

Lagos — The Federal Government has launched the National Job Centre Project,
a nationwide network of employability hubs aimed at tackling unemployment
and promoting dignified, inclusive, and transformative work for Nigerians.

The Minister of State for Labour and Employment, Nkeiruka Onyejeocha,
announced the initiative while speaking at the Mastercard Foundation Annual
Nigeria Partner Convening held in Lagos yesterday.

According to the Minister, the project is a key component of President Bola
Tinubu's Renewed Hope Agenda, designed to connect trained Nigerians to real
job opportunities and strengthen the country's labour market infrastructure.

"The National Job Centres will integrate digital job matching, data
tracking, and career advisory services to create a harmonised and inclusive
system," Onyejeocha said.

"They form part of a national labour framework that empowers youth to
contribute meaningfully to local industries and compete confidently on the
global stage."

She also unveiled the Labour Employment and Empowerment Programme, LEEP, a
flagship initiative of the Ministry targeted at enhancing the employability
of young Nigerians and bridging the gap between training and employment.

"Our goal is not just to create jobs but to build systems that protect
workers' rights, ensure fair wages, and strengthen labour market
governance," the Minister added.

Onyejeocha commended the Mastercard Foundation for its sustained
collaboration with Nigeria through the Young Africa Works strategy, which
has supported job creation, entrepreneurship, and skills development for
thousands of Nigerian youths over the past six years.

She noted that the Foundation's approach aligns with the government's drive
to transform skills into sustainable employment, stressing that achieving
decent and productive work requires the collaboration of all stakeholders --
including the private sector, development partners, and civil society.

"Building an inclusive and sustainable ecosystem for work requires
collective effort. We invite partners to collaborate with us in driving job
access through these platforms and accelerating economic outcomes across
Nigeria's labour ecosystem," she said.

Reaffirming the Ministry's commitment to the President's Renewed Hope
vision, Onyejeocha said the government will continue to pursue policies that
promote employment creation, social inclusion, and economic stability.

"The Federal Ministry of Labour and Employment stands ready to continue
working with the Mastercard Foundation and all stakeholders to build a
future where work is dignified, inclusive, and transformative," she
concluded.

Read the original article on Vanguard.

Kenya: Chaos At JKIA As Crowds Overwhelm Security During Raila's Arrival

Nairobi — The state reception for former Prime Minister Raila Odinga at Jomo
Kenyatta International Airport (JKIA) descended into chaos as supporters
thronged the airport, overwhelming security personnel.

President William Ruto, who was scheduled to lead the reception of Raila's
body, was unable to do so as the crowds became unruly.

Former President Uhuru Kenyatta and other dignitaries were also not visible
amid the commotion.

Supporters surrounded Raila's casket, leaving military personnel on the
ground largely unable to control the situation.

Efforts by Rarieda MP Otiende Amollo to calm the crowd were unsuccessful,
with mourners continuing to mill around the casket.

Read the original article on Capital FM.

Ecobank Marks its 40th Anniversary by Championing Inclusive Education in
Africa on 2025 Ecobank Day

The leading pan-African banking group, Ecobank, celebrates a major milestone
in its history - 40 years of innovation, growth, and commitment to Africa’s
development - with a special edition of its annual Ecobank Day.

On October 11th, the 13th Ecobank Day edition will focus on enabling
inclusive learning for all, reflecting Ecobank’s conviction that every
child, including those with disabilities, deserves fair and equitable access
to education.

Launched in 2013, Ecobank Day has become the Group’s flagship corporate
social responsibility initiative, mobilising employees, the foundation, and
partners around critical causes such as health, education, and youth
empowerment.

As the continuation of its three-year campaign “Transform Africa through
education” which has already resulted in the training of over 20,000 young
people and the equipment of 30 schools with modern IT laboratories, Ecobank
aims to achieve three key symbolic commitments this year aligned with its
40th celebrations:

Establishing 40 IT laboratories across Africa

Training 40,000 children and young people in essential digital and AI-based
skills, with a strong focus on inclusive learning.

Launch digital training modules specifically designed for children with
disabilities.

Jeremy Awori, CEO of Ecobank Group, commented:  “ Ecobank Day is not just
about giving back - it is about who we are as a Group, united by purpose and
committed to Africa’s future. This year, we are not only celebrating our
40-year legacy but also continuing to build it by empowering the next
generation through inclusive education, innovation, and technology.”

Elisa Desbordes, CEO of Ecobank Foundation stated: “At Ecobank Foundation,
we believe that change comes from long-term commitment and meaningful
partnerships. For this thirteenth edition, we are proud to focus on ensuring
that children with disabilities are not left behind, because inclusive
learning is not just a right, it is the foundation of Africa’s future.” 

As part of the Ecobank Day activities, numerous activities will take place
simultaneously across Ecobank’s affiliates, involving local communities,
schools, NGOs, and strategic partners such as the Global Partnership for
Education (GPE).

Nigeria: Dangote Retains 'Most Valuable Brand' Title for 8th Straight Year

Dangote Industries Limited has once again reaffirmed its dominance as
Nigeria's Most Valuable Brand, emerging at the top of the Top 50 Brands
Nigeria 2025 ranking for the eighth consecutive year.

In its 13th edition, the latest report highlights the most admired and
resilient brands powering Nigeria's economy. Dangote achieved a Brand
Strength Measurement (BSM) Index of 86.3, maintaining its position as
Africa's leading industrial conglomerate and the most trusted brand in
Nigeria.

This recognition echoes the Group's consistent commitment to industrial
excellence, innovation, and impact across key sectors such as cement, sugar,
salt, fertiliser, and petroleum refining.

Speaking on the achievement, group chief branding and communications
officer, Dangote Industries Limited, Anthony Chiejina, said: "This
recognition is a testament to our consistent investment in quality,
innovation, and brand integrity. At Dangote, we believe that the soul of
business is not just in making a profit, but in making people happy by
creating opportunities, empowering communities, and contributing
meaningfully to Nigeria's industrial transformation. Our brand promise
remains rooted in trust, excellence, and service to humanity," he said.

The 2025 ranking also celebrates the growing strength of indigenous brands,
with seven of the top ten positions occupied by Nigerian companies, a
testament to the competitiveness and resilience of local enterprises in a
challenging economic environment.

According to Top 50 Brands Nigeria, brands were assessed using seven key
indicators, including popularity, category leadership, innovation, quality,
and corporate social responsibility, to produce the final BSM Index score.

The platform's chief brand analyst and convener, Taiwo Oluboyede, noted that
strong brands remain vital to national development:

"Brand is not just an essential component of an organisation; the brand is
the organisation. For something that is that important, there is always the
need for periodic assessment and evaluation. That's what this ranking
represents, a mirror that reflects how strongly brands are performing in the
hearts and minds of Nigerians."

With operations spanning multiple industries and a growing global footprint,
Dangote continues to embody the spirit of industrial transformation, driving
local production, job creation, and regional competitiveness.

Dangote Industries Limited won three awards at the 15th annual Brand Africa
100 ceremony earlier in the year, including the Most Admired African Brand
title at Africa Hall in Addis Ababa.

Read the original article on Leadership.

Ghana, World Bank Strengthen Ties to Boost Growth in Key Sectors

Ghana's Finance Minister, Dr. Cassiel Ato Forson, has met with the President
of the World Bank Group, Ajay Banga, to deepen cooperation and open new
opportunities for Ghana's development.

The meeting, held on the sidelines of the IMF-World Bank Annual Meetings,
focused on expanding support for both ongoing and new projects that aim to
accelerate the country's economic growth.

Dr. Forson and Mr. Banga agreed to focus on five main areas that are vital
to Ghana's progress including education, health, energy, roads, and
agriculture.

The two leaders believe that stronger investment and collaboration in these
sectors will have the greatest impact on improving lives and driving
national development.

According to Dr. Forson, these sectors are central to Ghana's long-term
economic goals and will form the basis of future partnerships with the World
Bank.

"With this renewed collaboration, we are working together to accelerate
Ghana's journey toward a more resilient, inclusive, and sustainable
economy," he stated.

The Finance Minister was joined at the meeting by the Governor of the Bank
of Ghana, Dr. Johnson Asiama, and Ghana's Ambassador to the United States,
Victor Smith.

By: Jacob Aggrey

Read the original article on Ghanaian Times.

South Africa: Unemployed Young People Protest in Nigel, Demanding Jobs

On Thursday, about 60 young people from Alra Park in Nigel protested outside
local City of Ekurhuleni offices to demand they be hired as cleaners.

The protesters are members of the Arla Park Youth Unemployment group, which
has 77 members. They say jobs at cleaning and waste collection projects have
been given to people who don't live in Alra Park and their pleas for
employment have gone unanswered since they approached officials in August.

According to community leaders GroundUp spoke to, a three-year cleaning
project has just been renewed and the same cleaners have been re-employed.
They had expected that job opportunities would be given to other unemployed
people from the community.

Nthombi Shongwe said the unemployment rate in the community was dire. "How
long do we have to wait to get jobs? We also want to work. The City should
add more people to its project," said Shongwe.

Another protester, Mpho Mofokeng, said she has been jobless for years
despite submitting CVs at every possible opportunity. "We are hungry. I need
to work so I can look after my children."

Precious Mgidi has been struggling to find a job since she matriculated in
2020. "Cleaning jobs are not being advertised. We want transparency."

The protesters were addressed by the City's Segametsi Hope Mosimane and
Shadow Shabangu who acknowledged and wrote down their grievances. They
promised to arrange a meeting between the community and officials by Friday
next week.

Read the original article on GroundUp.

South Africa: Broke Gen Z Earning 2005 Salaries in 2025

A new report shows 2025 graduates earn about R6,000 to R9,000, the same as
in 2005, despite rising living costs.

Rent now eats up 64% of pay, food costs have tripled and many young South
Africans are forced to live with family or share homes.

A new report by The TEFL Academy shows how much harder life has become for
young South Africans over the past 20 years.

It compares Millennials who started working in 2005 with Gen Z graduates in
2025 - and finds that the cost of living has risen far faster than salaries.

Tanzania's Kuunda Raises $7.5m to Expand Embedded Liquidity Platform

The company will use the new capital to deepen partnerships with e-commerce
and PoS providers, launch in Egypt's $115 billion PoS market, and expand

Kuunda, a Tanzanian B2B fintech platform providing embedded working-capital
solutions, has raised $7.5 million in pre-Series A funding to accelerate its
expansion across Africa and the Middle East, starting with Egypt.

The round saw participation from repeat investors and institutional backers,
including Portugal Gateway Fund, Seedstars Africa Ventures, 4Di Capital,
Accion Ventures, Nedbank, and E4E Africa.

Founded in 2018 by Andy Milne, Sam Brawerman, and Morne van der Westhuizen,
Kuunda partners with financial institutions and digital payment providers to
design and embed credit products such as airtime float loans, merchant cash
advances, stock financing, and mobile money liquidity directly into digital
ecosystems. Its model allows banks and platforms to offer real-time
microcredit to merchants, agents, and small businesses -- "unlocking finance
at the edge."

Kuunda has already facilitated over $3 billion in loans for its banking and
fintech partners and currently helps disburse more than $100 million in
credit monthly to two million users across Tanzania, Kenya, Uganda, Malawi,
Mozambique, and Pakistan.

The company will use the new capital to deepen partnerships with e-commerce
and PoS providers, launch in Egypt's $115 billion PoS market, and expand
into Saudi Arabia, the UAE, and Morocco.

"This funding enables us to extend credit where commerce happens -- directly
to the agents, MSMEs, and merchants that power emerging markets," said
co-founder and co-CEO Andy Milne.

Daba is Africa's leading investment platform for private and public markets.
Download here

Key Takeaways

Kuunda's $7.5 million raise underscores the rise of embedded liquidity as a
cornerstone of Africa's fintech evolution. By integrating short-term working
capital directly into payment and retail ecosystems, Kuunda bridges a
persistent cashflow gap constraining small merchants -- a pain point worth
billions across Africa's informal economy. The company's "capital-light"
model differentiates it from digital lenders like MNT-Halan or Fawry,
relying instead on API-based integrations and revenue-sharing partnerships
rather than balance-sheet lending. Its planned expansion into Egypt and MENA
markets highlights growing convergence between Africa's fintech innovation
and Middle Eastern capital. As regulation around digital credit matures,
Kuunda's model could become a blueprint for scalable, compliant credit
enablement across frontier economies.

Read the original article on Daba Finance.

South Africa: Tshwane Takes Waste Levy Fight to Appeals Court

The City of Tshwane has said that it will continue fighting to impose its
city-cleansing levy and plans to appeal to the Supreme Court of Appeal in
Bloemfontein, reports EWN. The municipality introduced the levy in July,
charging customers who use private waste collection services R194 a month.
However, lobby group AfriForum took the municipality to the Pretoria High
Court, where the levy was ruled unlawful. Following the decision, the
municipality sought leave to appeal; however, it was also denied. Despite
the ruling, some residents are still being billed. Mayor Nasiphi Moya said
the city wants the court to clarify its right to impose the levy under its
by-laws, similar to Cape Town. She added that the R278 million in expected
revenue was not budgeted for, so the ruling does not affect the city's
funded status.

Limpopo Municipal Official Arrested for R700,000 Fraud

A senior official from Maruleng Municipality in Hoedspruit, Limpopo, has
been arrested by the Hawks for alleged fraud and violating the Municipal
Finance Management Act, reports SABC News. Hawks spokesperson Lethunya
Mmuroa has said that the charges stem from 2015, when the suspect was acting
municipal manager at Ba-Phalaborwa Municipality. The suspect allegedly
authorized a payment of over R700,000 to a service provider who did no work.
He is expected to appear in court.

Court Awaits Update on Eugene de Kock's Health as Cradock Four Inquest
Proceeds

The Cradock Four inquest is awaiting clarity on how long it will take for
former Vlakplaas commander Eugene de Kock to be cleared to testify on
apartheid-era crimes, reports EWN. De Kock, who was due to appear before the
Eastern Cape High Court in Gqeberha, has been hospitalized with suspected
heart failure. His lawyers initially said he could need up to six months to
recover, but later confirmed doctors have recommended two to four weeks of
rest. The inquest, reopened to determine whether apartheid security police
or others can be held liable for the 1985 murders of Fort Calata, Matthew
Goniwe, Sicelo Mhlauli, and Sparrow Mkhonto, will proceed without him for
now. De Kock received amnesty in 1999 for defeating the ends of justice, as
he was aware of but not directly involved in the killings. This marks the
third attempt to uncover the truth after inquests in 1987 and 1993.

Africa: Report Reveals DDoS As New Dimension of Cyberthreats to Digital
Infrastructure in West Africa

NETSCOUT Systems has released its latest global threat intelligence report,
which exposed the dangerous trend in distributed denial of service (DDoS)
attacks on digital infrastructure across West African countries in the first
half of 2025, Nigeria inclusive.

According to the report, countries like Côte d'Ivoire, Burkina Faso and Mali
were most hit within the first six months of 2025, effectively putting the
digital infrastructure of these countries under threat.

Côte d'Ivoire suffered through the longest DDoS attack within the region, at
an average duration of more than 415 minutes (almost seven hours), followed
by Burkina Faso at 356.49 minutes (close to six hours), and then Mali at
336.63 minutes (more than 5.5 hours).

Lesotho: IMF Calls for Economic Reform

THE government must urgently overhaul Lesotho's economic model to unlock
private sector-led job creation to end chronic unemployment and poverty, the
International Monetary Fund (IMF) has said.

According to the IMF's Selected Issues Paper No. 2025/141 released this
week, Lesotho's long-standing reliance on public spending to drive growth
has failed to deliver sustainable employment or rising living standards.

The report, titled "Unleashing Private Sector Job Creation: Challenges and
Opportunities for Lesotho", said over half of all formal workers are
employed by the government, which spends 17 percent of GDP on public sector
wages--equivalent to 72 percent of total tax revenue. This is all despite
that GDP per capita has fallen by 14 percent since 2016.

"Lesotho has operated a public sector-led growth and employment model that
has failed to deliver increased living standards," the IMF says.

"Given that public sector dominance has not generated the desired employment
and living standard outcomes, Lesotho must switch gears toward enabling more
private sector job creation."

Urgent need for reform

The IMF calls for a comprehensive, multi-year reform effort aimed at
dismantling the barriers holding back private investment and employment.

"A concerted, coordinated effort could change this bleak picture and a
feasible reform scenario that incorporates macro-fiscal reform could
increase growth by 1.5 percentage points.

"Using estimates of the median elasticity between growth and job creation
for sub-Saharan Africa, this growth increase could be associated with the
creation of 4,800 jobs per year. If reforms also make growth more
job-intensive, the same increase in growth could create 14,000 jobs per
year--rapidly enough to counteract the jobs lost through the recent shocks."

It also states that Lesotho's unemployment rate remains among the highest in
Africa, estimated at 16 percent in 2024 compared to 6 percent for
sub-Saharan Africa. Nearly 80 percent of those employed work in the informal
sector, while almost four in 10 people live in extreme poverty.

"The primary challenge in Lesotho is a lack of labor demand. The private
sector is small, undiversified, and subject to considerable constraints. At
the same time, a secondary challenge is a labour supply mismatch,
particularly for key skills."

Private sector too constrained

The IMF says Lesotho's private firms face multiple obstacles, from poor
access to finance and unreliable electricity supply to corruption and
bureaucratic red tape.

"It takes an average of 15 days to obtain an operating license, 73 days to
obtain an import license and 78 days to obtain a construction permit--all
well above the Southern African Customs Union (SACU) average. Firms in the
B-READY survey report having to pay unofficial 'compliance fees' to receive
permits and services.

"Even firms that win government tenders face long waits for payment,
averaging 152 days--more than twice the sub-Saharan African average," the
report adds.

Electricity access is another bottleneck towards economic growth, warns the
IMF.

"About 65 percent of businesses experience electricity outages. The effects
on operations are exacerbated because only about a quarter of Lesotho's
businesses have access to a back-up generator. The Lesotho Electricity
Company's financial troubles have worsened reliability, with the utility
declaring bankruptcy in 2025."

Finance and skills barriers

The IMF identifies access to finance as "the primary barrier to firm
growth".

"Only 17 percent of micro, small and medium enterprises (MSMEs) have a
formal bank account, while just 10 percent have received credit from a
formal institution.

"Banks report SME lending as too high risk, with limited bankable projects,
and instead focus on foreign direct investment and state-level projects. Two
thirds of firms highlight insufficient operational cash flow as a key
challenge, while most MSMEs instead rely on mobile money for transactions
and informal mechanisms for saving and credit."

The IMF praises recent policy initiatives, saying "the authorities have
developed a comprehensive reform agenda to address the challenges,"
including the National Financial Inclusion Strategy II (2024-28) and the
forthcoming Financial Sector Development Strategy II (2025-30).

These, it says, emphasize digitization, fintech regulation, and the
development of inclusive financial products.

Skills mismatch is another deep-seated issue.

"Two-thirds of tertiary graduates studied social sciences and education,
while most private and public investment is oriented towards agriculture,
manufacturing, tourism, and technology. This mismatch leaves many graduates
unemployed even as firms struggle to find qualified workers."

Women and youth most affected

The IMF points out that women and young people are the hardest hit by
joblessness.

"The youth unemployment rate is 24.8 percent for 15 to 24-year-olds versus
10.1 percent for sub-Saharan Africa. More than one in three youths are
neither in employment, education or training, with the rate reaching over 40
percent for young women."

"Across all age ranges, women face higher rates of unemployment than men.
Women are far less likely to successfully access bank business loans; they
are instead required to provide their husband's name and income statements,
and are less likely to be approved than men, particularly if unmarried."

Path to prosperity

The IMF therefore urges the government to act decisively in reforming
Lesotho's economic model.

"The public sector should switch roles--acting as an enabler of private
sector development, rather than a substitute."

It also says the current wage policies distort the labour market and
undermine private employment.

"Carefully addressing distortions from comparatively high public sector
wages will address crowding out in the labour market," the report stated.

The IMF also emphasises the need for stronger coordination among state
programmes that support business growth.

"Government efforts to spur private sector development could be better
coordinated and evaluated for transparency.

"Policymakers should be very cautious with 'picking winners' by directly
supporting individual firms or sectors without addressing these
bottlenecks," the report warned.

While acknowledging that temporary job schemes can provide short-term
relief, the IMF says those cannot replace long-term reforms.

"These programs are no substitute for the deep reforms required to spur
durable, private sector-led job creation.

"Only through sustained reform and strong political will can Lesotho
transform its economy from one dependent on the state to one powered by
dynamic local enterprises. Such a transformation could unleash thousands of
new jobs and deliver the inclusive growth and decent livelihoods that
Basotho have long been waiting for."

Read the original article on Lesotho Times.

 Invest Wisely!

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INVESTORS DIARY 2025

Company

Event

Venue

Date & Time

Companies under Cautionary

CBZH

GetBucks

EcoCash

Padenga

Econet

RTG

Fidelity

TSL

FMHL

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