Major International Business Headlines Brief ::: 23 October 2025

[Bulls n Bears]

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Major International Business Headlines Brief :::  23 October  2025 

 


                                                                                  

 


 <mailto:info at bulls.co.zw> 

 


 

 


 

ü  Nigeria's Digital Payment Boom Faces Rising Cybersecurity Threats

ü  Mozambique: Over 7,000 Mozambican Migrant Workers to Receive Benefits Inside Mozambique

ü  Kenya: Explained - Kenya's Revised Computer Misuse and Cybercrime Act

ü  Somalia, Saudi Arabia in Talks to Strengthen Transport and Aviation Ties

ü  Rwanda: Why Rwanda Ended Price Controls On Farm Produce

ü  Nigeria: Shoprite Nigeria Struggling Under New Owners As Shelves Go Empty, Stores Close

ü  Namibia: Govt Allocates N$185 Million to Recruit 1 537 Health Workers

ü  Liberia: U.S. Report Warns - Corruption Still Choking Liberia's Investment Potential

ü  Africa: Young Innovators Key to Africa's Digital Leap, Says Airtel Africa Boss

ü  Kenya: Court Suspends Sh20mn Cyber Harassment Penalty in Cybercrime Act

ü  Liberia: Supreme Court Denounces 'False' Media Reports On Debt Case Enforcement

ü  Africa: KQ Flies First Africa Flight Using Sustainable Fuel

ü  Liberia: SRC Begins Construction of New Workers' Housing Units

 


 <mailto:info at bulls.co.zw> 

 


 

Nigeria's Digital Payment Boom Faces Rising Cybersecurity Threats

The NIBSS Annual Fraud Report showed that in 2023 alone, attempted fraud rose by 45 per cent, with mobile channels and online platforms being the most exploited mode.

 

Nigeria has, in recent years, become one of Africa's digital payments powerhouses. Mobile banking apps, fintech platforms and USSD services have made financial transactions faster, easier, and more accessible to millions of people.

 

According to the Nigeria Inter-Bank Settlement System (NIBSS), electronic payments in the country touched N600 trillion in 2023, more than a half higher than the N387 trillion reported for the previous year - a staggering leap that reflects the scope of the penetration of digital finance in everyday life.

 

Yet, alongside this success lies an evolving crisis. Cybercriminals are exploiting weak systems, lax regulations and limited consumer awareness to perpetrate increasingly sophisticated fraud schemes.

 

 

Unlike in advanced economies, where strictly-enforced laws and advanced fraud detection systems protect users, Nigeria's payment ecosystem remains far more vulnerable.

 

Left unchecked, the trend could undermine public confidence in digital payments and slow the country's financial inclusion push.

 

The rise of digital payments in Nigeria

 

The boom in digital payments has been driven by several factors. Nigeria's high mobile phone penetration means over 180 million users now have active mobile subscriptions, which makes it one of Africa's largest mobile markets.

 

Under the current wave of fintech innovation, start-ups like Paystack, Flutterwave, OPay, and Kuda continue to build user-friendly platforms for payments, transfers, and merchant services.

 

There is also the convenience and ease that e-banking channels offer to account holders, which traditional banking hall experience, often perceived as stressful and slow, cannot afford. Those advantages mean mobile and internet banking now accounts for a significant share of financial transactions.

 

 

The Central Bank of Nigeria (CBN)'s cashless policy, which has reduced reliance on paper currency for everyday transactions, is also fuelling the digital banking boom.

 

This shift has transformed commerce, especially for small and medium enterprises, which can now receive payments digitally. It is also boosting financial inclusion, with millions of unbanked Nigerians accessing financial services for the first time through fintech platforms.

 

Those channels, fast and handy as they may be, are opening up banking services to vulnerabilities like cybercrimes.

 

Understanding the cybersecurity landscape

 

The cybersecurity environment in the Nigerian payments sector is complex. Common attack methods include phishing and social engineering. That includes scam emails and text messages, phone calls that trick users into sharing login credentials, SIM swap fraud, account takeover, insider collusion as well as malware and fake app attacks.

 

 

The NIBSS Annual Fraud Report showed that in 2023 alone, attempted fraud rose by 45 per cent, with mobile channels and online platforms being the most exploited modes. Losses were in billions of naira, and many cases were never reported to law enforcement.

 

Comparing regulatory frameworks: Nigeria vs advanced economies

 

The CBN issues guidelines on mobile banking, KYC requirements, and cashless policy, while the Nigeria Data Protection Regulation provides data protection rules.

 

However, compliance and enforcement remain weak. Many fintechs operate with minimal oversight. Fraud reporting systems are fragmented, and consumers often face difficulty recovering stolen funds.

 

Meanwhile, in the European Union, the Payment Services Directive 2 requires strong customer authentication (such as two-factor authentication) for online payments. The PCI-DSS standard governs card transaction security globally.

 

In the United States, financial institutions must report breaches and fraud attempts. Institutions also share intelligence through the FS-ISAC (Financial Services Information Sharing and Analysis Center).

 

In the UK, the Open Banking framework enforces data sharing under strict security standards.

 

While developed economies enforce strict rules with penalties for non-compliance, Nigeria's regulatory environment is more reactive and less consistent.

 

The cost of weak cybersecurity in payments

 

The consequences of poor security in Nigeria's digital payment space go beyond financial losses. They include erosion of consumer trust, reputational damage for fintech and banks, financial inclusion setbacks and broader economic risks.

 

By contrast, in developed markets, the high level of trust in digital platforms allows online payments to flourish, with e-commerce thriving on secure infrastructure.

 

In Nigeria, telecom-related fraud (such as SIM swaps) has caused repeated customer losses, with reports of millions stolen in coordinated attacks. The refund process for victims is often slow, if at all reimbursement happens.

 

In contrast, banks are required in the UK, for instance, under the Contingent Reimbursement Model (CRM) to refund customers who fall prey to authorised push payment fraud. This ensures accountability and restores trust.

 

Credit card fraud liability in the US is capped for consumers, with banks and merchants bearing responsibility. Nigeria's lack of structured consumer protection leaves users bearing the brunt of fraud.

 

Closing the Gaps

 

To strengthen its financial cybersecurity, Nigeria can learn from global practices. Enforcing multi-factor authentication is essential, which will require every bank and fintech to implement biometric or token-based authentication.

 

Adoption of AI for fraud detection will enable machine learning tools to spot suspicious activity in real time, reducing false positives while catching fraud.

 

Public awareness campaigns could help in educating consumers about phishing, SIM swap risks and fake apps.

 

It is imperative also to strengthen regulations by making the CBN enforce PCI-DSS compliance and expand fraud liability protections for customers.

 

Banks, fintech, and telcos should be encouraged to share intelligence like FS-ISAC does internationally. Also, law enforcement agencies must be better equipped to investigate and prosecute cybercrime cases.

 

Nigeria's digital payment revolution is a remarkable achievement, but may continue to sit on a shaky ground, should cybersecurity continue to lag adoption. Fraud and cybercrime may undo years of progress if public trust is lost.

 

Outcomes from advanced economies show that the solution lies in a mix of strong regulation, advanced technology, and consumer education. If Nigeria embraces these strategies, digital payments can remain a growth engine.

 

Read the original article on Premium Times.

 

 

 

 

Mozambique: Over 7,000 Mozambican Migrant Workers to Receive Benefits Inside Mozambique

Maputo — The Mozambican Minister of Labour, Ivete Alane, has announced that as of next year over 7,000 Mozambican nationals working in South Africa will start receiving their pensions and other benefits in Mozambique.

 

According to Alane, who was speaking on Tuesday at the opening ceremony of the National Meeting on Migrant Labor, in the resort of Macaneta, about 30 kilometres north of Maputo, the workers will receive their benefits in the country, without worrying about having to travel to South Africa to collect them.

 

"The social security benefits include compensation for occupational illnesses or workplace accidents, and pensions for those who have stopped working for various reasons', she said.

 

 

The minister called on the technical team responsible for migrant labor to strengthen the data collection process and the computer system responsible for worker registration.

 

"The technical team must also ensure continuity of information on Mozambican workers abroad. Procedures are now under way to channel the amounts previously deducted from the workers' monthly wages to Mozambique', the minister said.

 

According to government data, over 20,000 Mozambicans have formal jobs in South Africa. Of these, 18,800 are miners and 3,058 work on farms.

 

A United Nations report from 2019 estimated that the total number of migrants from Mozambique in South Africa was over 700,000. However, this number includes migrants of all backgrounds, not just formal workers. The vast majority of Mozambicans in South Africa are thus working in the informal sector.

 

 

 

 

Kenya: Explained - Kenya's Revised Computer Misuse and Cybercrime Act

Nairobi — The Computer Misuse and Cybercrime (Amendment) Act, 2024, signed into law by President William Ruto on October 15, is now facing legal scrutiny after a coalition of civil rights groups and opposition figures moved to court challenging its constitutionality.

 

The petitioners argue that some provisions of the new law could stifle freedom of expression and privacy, while the government insists the amendments are crucial to combat rising digital threats, online extremism, and cyber fraud.

 

The government has defended the Act saying it updates the 2018 law to reflect the evolving nature of online crime and seeks to close loopholes exploited by cybercriminals.

 

 

Kigame, KHRC petition High Court to quash new Computer Misuse and Cyber-crimes law » Capital News (capitalfm.co.ke)

 

Here are the highlights:

 

1. Expanded Powers for the National Cybercrimes Committee

 

The law grants the National Computer and Cybercrimes Coordination Committee (NC4) enhanced authority to regulate and coordinate Kenya's cyber response.

 

The committee is now empowered to:

 

Block websites or applications that promote terrorism, child pornography, or cultic practices.

Develop national training frameworks for the prevention, detection, and mitigation of cybercrimes.

Undertake additional functions under any written law.

Supporters say these powers are vital for national security, while critics fear they could open the door to censorship or abuse.

 

 

Maraga terms Cybercrimes Act assent a betrayal of Kenyans, faults provisions on website closures » Capital News

 

2. Stiffer Penalties for Cyber Harassment

 

Under the amended Section 27, the scope of cyber harassment has been widened to include communication that is grossly offensive, indecent, or likely to cause fear or distress.

 

Key provisions include:

 

Offenders face fines up to Sh20 million or imprisonment for up to 10 years, or both.

Victims may apply for restraining orders, including outside court hours, to compel offenders to stop harassment.

Courts can direct service providers to reveal subscriber information to identify perpetrators.

Defying court orders attracts fines of up to Sh1 million or six months in jail.

3. Broader Definition of Phishing

 

Amendments to Section 30 criminalize the operation of fake websites or messages designed to deceive users into revealing personal information or gain unauthorized access to computer systems.

 

 

Convictions attract fines of up to Sh300,000 or three years' imprisonment, or both.

 

4. New Offence: Unauthorized SIM-Swap

 

A newly inserted Section 42A targets SIM-swap fraud, which has become a common tool for financial scams.

 

Anyone who transfers or clones SIM card data without the owner's consent now faces criminal penalties.

 

5. Aiding and Abetting Cybercrime

 

The revised Section 42 broadens accountability to those who aid, abet, or attempt to commit offences under the Act.

 

Such individuals risk fines of up to Sh7 million or four years in prison, or both.

 

6. Counties' Role and Constitutional Context

 

The Act acknowledges that the control of pornography is a county government function under the Fourth Schedule of the Constitution.

 

It therefore concerns county governments, particularly in enforcing online content controls and promoting responsible internet use.

 

7. Safeguards and Rights

 

The government maintains that the law does not delegate legislative powers or limit fundamental rights and freedoms, noting that it complies with constitutional protections.

 

However, the petitioners insist that judicial interpretation is needed to clarify the limits of state authority in regulating online speech.

 

In summary, the Computer Misuse and Cybercrime (Amendment) Act, 2024:

 

Expands the scope of cyber offences,

Empowers the state to restrict harmful or extremist content,

Criminalizes unauthorized SIM swaps, and

Strengthens tools to fight online harassment and fraud.

Its implementation -- and the court's ruling on its constitutionality -- will shape how Kenya balances digital freedom and cybersecurity in the coming years.

 

Read the original article on Capital FM.

 

 

 

 

 

Somalia, Saudi Arabia in Talks to Strengthen Transport and Aviation Ties

Riyadh — Somalia and Saudi Arabia are exploring ways to boost bilateral cooperation in transport and aviation, including the introduction of direct flights between the two countries.

 

This follows a meeting in Riyadh between Somalia's Minister for Transport and Civil Aviation, Mohamed Farah Nuh, and Saudi Arabia's Minister for Transport and Logistics Services, Saleh bin Nasser Al-Jasser.

 

The talks focused on improving connectivity, enhancing trade routes, and facilitating smoother movement of people and goods across the two nations.

 

In a statement, Minister Nuh described the meeting as productive and forward-looking.

 

"We had meaningful discussions on expanding cooperation in areas that are vital to economic growth and regional integration," he said.

 

The two sides agreed to form a joint technical committee to oversee the implementation of proposed initiatives and further explore investment opportunities in aviation, logistics, and infrastructure development.

 

Nuux's visit to the Kingdom is part of Somalia's broader push to strengthen relations with regional partners and attract investment into key sectors of the economy.

 

Saudi Arabia and Somalia share long-standing historical and cultural ties, and the latest engagement signals renewed efforts to translate those relations into practical partnerships.

 

Read the original article on Radio Dalsan.

 

 

 

 

 

 

Rwanda: Why Rwanda Ended Price Controls On Farm Produce

The government says it has ended set prices for agricultural produce, a major policy shift that now lets farmers and buyers determine prices through open market negotiations.

 

The reform, in place since last year, aims to liberalise the agriculture sector, strengthen competitiveness, and attract private investment.

 

Officials say the change is already easing past tensions between producers and buyers that often disrupted trade.

 

 

Speaking to The New Times in an exclusive interview, the Minister of Trade and Industry, Prudence Sebahizi, argued that the pricing model had become unsustainable.

 

"In the past, we had cases of buyers refusing to purchase produce when fixed prices were high, and sellers refusing to sell when the prices were lower than their expectations -- for example, in the case of rice," the Minister said.

 

Questioned on the impact of pulling out of the market price regulation, Sebahizi pointed out, "Since last year, when the government stopped fixing prices, we have observed two agricultural seasons without such issues. Today, prices are determined by market forces -- supply and demand," he stressed.

 

ALSO READ: Agric minister backs farmers' supply contracts as loan collateral

 

Under the previous system, the government announced indicative prices for crops such as maize, beans, and Irish potatoes at the start of each season.

 

 

The aim was to protect farmers from exploitation and ensure affordability for consumers.

 

But the approach often led to stalled transactions, losses for cooperatives, and reduced incentives for private traders.

 

The fixed-price system created market distortions, according to Minister Sebahizi.

 

When government-set prices were above market equilibrium, buyers stayed away or sourced from informal channels. When prices were set below production costs, farmers withheld supply or diverted crops to neighboring markets where they could fetch better returns.

 

What pulling back means

 

According to the Ministry of Trade and Industry, market liberalisation in agriculture removes government intervention in price setting, allowing supply and demand to determine value.

 

 

This typically encourages efficiency, as producers respond to price signals and allocate resources to higher-value crops.

 

Traders can now negotiate directly with farmers or cooperatives, and prices can adjust more quickly to changing conditions such as weather shocks, harvest volumes, or regional demand.

 

The policy aligns Rwanda with broader regional trade frameworks, particularly the African Continental Free Trade Area (AfCFTA), where open pricing makes Rwandan produce more competitive in cross-border trade.

 

Alfred Bizoza, an agricultural economist, believes that the shift to market-based pricing could make Rwanda's agriculture more efficient, but also introduces new risks.

 

Farmers without access to storage or reliable market data could face pressure to sell produce quickly at low prices during harvest peaks, he argued.

 

"Small-scale farmers are particularly vulnerable. Unlike large commercial producers, they lack bargaining power, storage infrastructure, and information on prevailing market rates. This asymmetry can lead to exploitative pricing by intermediaries who dominate rural market chains," he said.

 

To offset these risks, the government recommends strengthening farmer cooperatives, expanding warehouse receipt systems, and ensuring transparent market information.

 

These tools would allow farmers to store produce, access credit using stored goods as collateral, and sell when prices improve, Minister Sebahizi urged.

 

For consumers, the liberalisation means prices will now fluctuate more directly with supply and demand. During bumper harvests, prices may drop significantly. But in lean seasons or after poor harvests, consumers could face sharp price increases without the cushion of government-set ceilings.

 

Under the changes, the Rwanda Inspectorate, Competition and Consumer Protection Authority (RICA) has been tasked to monitor markets to prevent collusion and unfair trade practices.

 

ALSO READ: Inside RICA's mission to rein in substandard goods and spur healthy competition

 

This regulatory oversight is critical to ensuring that liberalization does not lead to "artificial price inflation".

 

Lessons from the region

 

Regional experiences suggest that liberalisation works best when supported by active oversight.

 

For instance, Kenya and Tanzania both saw investment growth after similar reforms, but also periods of price instability when regulation lagged.

 

In Kenya, the removal of maize price controls in the early 2000s initially led to volatility and accusations of hoarding by large traders.

 

The Nairobi government eventually introduced strategic grain reserves and market information systems to stabilize supply.

 

Tanzania's experience with cashew nut liberalization in the 1990s showed that without strong cooperatives, farmers lost bargaining power to exporters.

 

Prices improved only after the government reformed cooperative structures and introduced quality standards that increased the crop's global competitiveness.

 

Uganda's coffee sector offers a more positive example. Liberalization in the 1990s, combined with investment in farmer training and quality improvement, led to higher farmgate prices and expanded export revenues over time.

 

For Rwanda, according to Bizoza, the challenge now is to balance efficiency with fairness -- "ensuring that open markets benefit both producers and consumers."

 

He maintained that key success factors include transparent price information systems and enforceable competition rules.

 

"The government will also need to monitor the impact on food security, particularly for staple crops like maize and beans, where price volatility can have significant social consequences."

 

Equally important is investment in post-harvest infrastructure, such as warehouses, cold storage, and rural processing facilities, which will be essential to help farmers capture more value and reduce losses.

 

Read the original article on New Times.

 

 

 

 

 

 

Nigeria: Shoprite Nigeria Struggling Under New Owners As Shelves Go Empty, Stores Close

Shoprite's decline is most noticeable inside its stores in Abuja, Lagos, and other parts of the country.

 

When Shoprite arrived in Nigeria in 2005, it was hailed as the dawn of modern retail in the country. The South African grocery giant rapidly opened 25 outlets across 13 states, supported by a 4,700-square-metre distribution centre in Lagos directly connected to local farmers.

 

According to information on its website, Shoprite handled around 34 million transactions a year, employed more than 2,000 people, and became the face of chain store business across Nigeria.

 

Two decades on, that promise is fast fading. Four years after its Nigerian operation was taken over by Nigerian investors and lauded as a triumph of localisation, a tour of Shoprite outlets by PREMIUM TIMES found shuttered doors, empty aisles, and frustrated shoppers.

 

 

In May 2021, Shoprite Holdings, the parent company and Africa's biggest grocer, retreated from Nigeria amid a tough operating environment and a foreign exchange squeeze that resulted in dollar shortages. Persianas Investment, a private unlimited company and property and retail group, founded by developer Tayo Amusan, bought the business.

 

The acquisition was executed through a special-purpose vehicle, Ketron Investment Limited, incorporated in February 2019. Ketron retained the Shoprite brand under a franchise agreement and pledged to expand the footprint and deepen local sourcing after obtaining five years of technical support from the Shoprite Group.

 

Persianas, which has the reputation of developing The Palms in Lagos and other malls in Ibadan, Enugu, and Kwara, already had some experience in the retail space, running a subsidiary called Persianas Retail.

 

 

That unit is led by Mr Amusan's wife, Ayo Amusan, a former City of London risk management specialist who has overseen the group's fashion and lifestyle franchises, including Lacoste, Puma, and Hugo Boss. According to The Business of Fashion, a global fashion and lifestyle news outlet, her husband focuses on the property portfolio.

 

Four years on, a gulf exists between promise and performance. Many Shoprite shelves are bare, suppliers complain of missed payments, and several stores are under lock.

 

While Shoprite struggles in Nigeria, its South African operation continues to report strong performance. The 2022 annual financial report of the Cape Town-based retailer showed trading profit climbed 6.8 per cent to R11 billion. The South African division contributed almost 91 per cent of the profit; its share rose to R10 billion from R9.4 billion the previous year. Revenue jumped from R171.1 billion in 2021 to R188 billion in 2022. It climbed further to R220 billion in 2023, and R236 billion in 2024, reaching R257 billion in the first six months of 2025 alone.

 

 

Shoprite's experience in Nigeria is not unique.

 

Many multinationals in the consumer goods space have also left Nigeria or scaled back operations. Unilever, Procter & Gamble, GlaxoSmithKline Consumer, and PZ Cussons are among those that have exited or scaled back in recent years, citing foreign-exchange shortages, high import duties, and weak demand.

 

Empty aisles

 

Shoprite's decline is most noticeable inside its stores. In Abuja, branches at Apo, Jabi, and Silverbird Mall have limited stock, with some shelves left empty. At Silverbird Mall, once a hive of activities for shoppers, footfall has sharply diminished at the Shoprite store. "Even biscuits are hard to find," a parent shopping with his children said.

 

Munira Lawal, a civil servant who bought groceries at the Jabi outlet, lamented, "You come here and basic things like bread, milk, or soap are not available. We end up going to smaller supermarkets in the neighbourhood."

 

In Apo, a young man named Ahmed Abdulhadi said he now visits less often. "Before, you could get everything here in one place. Now, it is a gamble. Sometimes you waste your transport fare," he said.

 

Workers are also facing mounting pressure. A sales representative in Apo said staff frequently bear the brunt of customers' anger. "People get angry because they can't find what they want, and it feels like management doesn't know what to do," the worker said, adding that many employees fear that their jobs are on the line.

 

The same pattern is evident across the country. In Kaduna, a staff member disclosed that the shelves had been "scanty for quite a long time." The once-bustling branch in Akure had only one of more than 10 payment points operating. A worker, who asked not to be named, said the store had not received fresh supplies this year.

 

"Since the beginning of the year, no new product has been produced," he said. "All you are seeing here are old stocks, and we were told we have to sell out these ones before a new set of products will arrive."

 

He admitted staff were initially worried the store might shut down, but said the management had reassured them.

 

"Initially, we were afraid, thinking they were going to fold up, but the management assured us that nothing like that was going to happen," he said.

 

The employee noted that salaries were being paid and no layoffs had taken place. "Even if they are paying us salaries and nobody is sacked, we were concerned about how we can continue to receive salaries when the sales are falling and new products are not being brought. But we believe what the management said that things will change for the better very soon," he said.

 

At Shoprite outlets in Victoria Island and Ikeja in Lagos, PREMIUM TIMES observed half-empty shelves and wide gaps where items should be.

 

At the Victoria Island branch around noon, only a few bread loaves were displayed at the bakery, while a large shelf stood empty. Biscuits were sparsely arranged across another shelf. Customer traffic was light, and the bag room at the entrance remained unused.

 

Several shelves were also bare at Ikeja. Staff declined to comment but assured that more stock would arrive soon.

 

"I came here expecting to get a few things for my family, but it seems they don't have basic items like soap and body spray," one customer at Victoria Island said.

 

Shuttered outlets

 

Closures have deepened Shoprite's troubles. The company shut its Kano branch in January 2024 and, in June of the same year, closed its Novare Central Mall outlet in Abuja, citing unsustainable operating costs. Another Abuja store in Lugbe was temporarily closed after generator breakdowns disrupted operations. It has since reopened, although many of its shelves remain empty.

 

Several stores have also closed in other parts of the country. Staff and shoppers in Ibadan and Ilorin confirmed that the outlets there had not opened for weeks.

 

Adenike Oni, a customer who visited the Palms Mall in Ibadan, said the shutdown was a shock. "We thought it was just a renovation at first, but it has been closed for months," she said. "People keep asking when it will reopen, but no one seems to know."

 

Suppliers say the strain began soon after the takeover.

 

Dayo, a former vendor, was a supplier at the outlets in Maryland Mall and Ikeja City Mall. He recalled how things changed in an X post via his handle, @diadem_official.

 

"At Shoprite ICM and Maryland Mall alone, I used to supply over 300 cartons every two weeks. Payment was always made within seven days. They never defaulted. Three months after they sold Shoprite to a Nigerian company, they didn't pay staff salaries or vendors, until the staff staged multiple protests and most resigned. That was just in 2021," he said.

 

Some Lagos outlets, including Festac and Jakande, now operate on a skeletal basis. "Once light is out, they do not put on their generator; they rather shut down until electricity is restored," a representative said.

 

The company allegedly owes suppliers hundreds of millions of naira in unpaid invoices. A senior executive of one of Shoprite's major beverage suppliers in Lagos State told PREMIUM TIMES about her firm's experience.

 

"What people are saying online is sadly true," she said. "Shoprite is not only owing us; it owes other big suppliers, too. Some of these debts have dragged on for months. It's frightening because we can all see stores closing, even in Lagos, and we don't know which one might be next."

 

The executive, who asked not to be named, said the delays have disrupted production plans and cash flow.

 

"We have stopped supplying in bulk since payments don't come in, and everything slows down. Everyone is anxious now," he said.

 

A wider malaise

 

Shoprite's ordeal cannot be divorced from Nigeria's own struggling economy. Headline inflation rose to its peak in almost 30 years last December, before showing signs of deceleration this year. The naira has lost over two-thirds of its value since mid-2023, exchanging at N1,475.35 to a dollar as of 17 October. Fuel now retails at almost N1,000 a litre, compared to below N200 three years ago, while power cuts often force stores to rely on costly diesel generators.

 

Businesses across the fast-moving consumer goods sector are squeezed amid sky-high borrowing rates.

 

Companies that once sold tinned goods now package them in sachets so households can afford them, while many packaged products continue to diminish in size while their prices stay the same, a new economic trend that has been named "shrinkflation."

 

Felicia Awolope, an economist and senior investment research analyst at Meristem Securities, said Shoprite's difficulties mirror the wider struggles of Nigeria's fast-moving consumer goods sector. She noted that the industry has endured a 'rough patch' as inflation, foreign exchange volatility, and weak consumer spending have eroded profitability and disrupted supply chains.

 

"Businesses that serve the everyday consumer have had to adapt," she explained. "You see products once sold in tins now offered in sachets, so people can still afford them. Diapers, sanitary pads, and other essentials have followed this trend. That's how companies avoid losing their market completely and keep customers coming back."

 

She stressed that the challenge is not only macroeconomic. Indigenous chains like Foodco, Justrite, Jendol, and Bokku have been expanding and winning customers.

 

"Some of these other retail chains are still doing very well, to be honest," she said, pointing to growing middle-class demand now being met by smaller supermarkets and local players.

 

According to Ms Awolope, the survival of large retailers increasingly depends on strategies like backward integration, which reduces their reliance on imports.

 

"It protects them against FX fluctuations and volatility," she said. "It gives more control over their value chain and could improve profitability when they start seeing benefits."

 

Aliyu Ilias, an economist and supply-chain expert, said Shoprite's struggles are symptomatic of Nigeria's shrinking consumer base. "People do not have money to buy things like before," he observed. "They are looking at their needs, not their desire or want."

 

He explained that Shoprite once thrived on offering more than just goods. "People actually buy experience from Shoprite compared to the product," he said, noting that tighter household budgets, online shopping, and the spread of smaller neighbourhood stores have dimmed the chain's appeal.

 

"To remain competitive, Shoprite must rethink its business model and expand into e-commerce," he said. He added that the difficulties reflect a broader trend in the FMCG sector, where weak purchasing power has left companies battling unsold stock. "Things are even getting cheaper now, but people do not have money to buy them because of the value of money and the disposable income that people have," he said.

 

Continental retreat

 

Shoprite's trouble in Nigeria is also a facet of a general scaling down of its operations across Africa. In August, the retailer announced that it was selling its businesses in Ghana and Malawi as part of a plan to focus more on South Africa, its home market.

 

The supermarket chain, which once sprang up like mushrooms across the continent to overtake rivals such as Pick'n Pay, has been striving hard to find a foothold in several markets due to currency swings, double-digit inflation, and high import costs.

 

Shoprite Malawi signed an agreement in June to sell five stores, pending approval from the Competition and Fair Trading Commission and the Reserve Bank of Malawi. In Ghana, the company has received a binding offer for seven stores and a warehouse, with the sale considered highly likely.

 

These planned exits follow earlier withdrawals from Nigeria, Kenya, the Democratic Republic of Congo, Uganda, and Madagascar. The company also has limited new investments in supermarkets outside South Africa.

 

"Reset"

 

Retail Supermarkets Nigeria Limited, which operates the Shoprite franchise in Nigeria, rejects the perception that it is collapsing. In a recent statement, it denied any plan to exit Nigeria, describing the current difficulties as part of a "reset" of its business model.

 

"Yes, it has been a tough period, but this is not a collapse; it is a reset," said the company's chief strategy officer, Bunmi Adeleye.

 

"With new investors behind us, we are rebuilding Shoprite to be more local, culturally relevant, more affordable, and more resilient. We are coming back bigger and stronger to serve Nigerian customers better than ever before."

 

The company said the old model of large, import-heavy outlets was unsustainable. Its new strategy will focus on smaller stores, over 80 per cent local sourcing, affordable private-label products, and energy and cost efficiency.

 

Read the original article on Premium Times.

 

 

 

 

 

Namibia: Govt Allocates N$185 Million to Recruit 1 537 Health Workers

The government has allocated N$185 million to the Ministry of Health and Social Services to recruit 1 537 new health personnel, as part of efforts to strengthen Namibia's healthcare system and address critical staff shortages.

 

The recruitment drive forms part of a broader human resources expansion plan aimed at filling 11 742 new positions approved earlier this year at an estimated total cost of N$4.5 billion over six years.

 

The positions will focus on technical specialists in fields such as paediatrics, obstetrics, surgery, internal medicine, and anaesthesiology, with priority given to underserved areas.

 

 

"A total of N$185 million was added to the Ministry of Health and Social Services' recruitment for 1 537 health personnel," said finance minister Ericah Shafudah during the 2025/26 mid-year budget review.

 

Shafudah also reported progress on the upgrading and renovation of Onandjokwe District Hospital, with Phase A - which includes the construction of the maternity and paediatric wards - now 85% complete and all specialist subcontractors on site.

 

The hospital's completion date had been set for 20 October 2025, but delays in the supply of air-conditioning ducting have affected progress. Meanwhile, design and documentation for the renovation of the main entrance and parking areas are still ongoing.

 

At Oshakati Intermediate Hospital, the minister said that construction of the Intensive Care Unit, along with electrical and electronic installations and renovations to Ward 2 (Ophthalmology), had been completed, marking significant progress in the hospital's upgrading project.

 

 

Regarding Katutura Intermediate Hospital, Shafudah said renovations are still underway, with the installation of an oxygen-generating system currently in progress to enhance the hospital's capacity and emergency response capabilities.

 

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.

 

 

 

Liberia: U.S. Report Warns - Corruption Still Choking Liberia's Investment Potential

- Liberia's economic promise is being stifled by deeply entrenched corruption, a broken judicial system, poor infrastructure, and bureaucratic inefficiencies, according to the 2025 Investment Climate Statement released by the U.S. Department of State.

 

The report paints a dual portrait of Liberia: one of growing opportunity in key sectors like mining, agriculture, aquaculture, telecommunications, and tourism, and another marred by systemic dysfunction that discourages serious foreign investment.

 

The report points to endemic corruption as a major deterrent for investors. It indicates that unofficial payments are often expected before meetings with senior officials or for routine administrative tasks.

 

 

"This culture of bribery," it notes, "has distorted fair competition and eroded trust in public institutions."

 

"Despite reform pledges, corruption remains widespread in government and public service," the report states.

 

Rule of Law Undermined by Executive Interference

 

Liberia's judicial system also came under criticism. While the constitution guarantees judicial independence, the report highlights frequent executive interference, bribery, and procedural delays as common issues that hinder contract enforcement and dispute resolution.

 

The State Department's report highlighted that investors have repeatedly expressed concerns about fairness in court proceedings, often citing inconsistent judgments and long case timelines.

 

Legal Barriers and Investment Restrictions

 

 

While open to foreign investment, Liberia's 2010 Investment Act imposes restrictions in sectors like sand mining, retail of rice and cement, taxis, and used-car sales, which are reserved exclusively for Liberians.

 

Additionally, foreign-owned businesses must meet steep capital requirements, including US$500,000 for independent operations and $300,000 (25% Liberian ownership) for joint ventures.

 

Though designed to protect domestic enterprises, the thresholds are seen by some as prohibitive and misaligned with the government's push for inclusive growth.

 

Economic Growth, Yet Fragile Foundations

 

Liberia's economy grew by 5.1% in 2024, driven by mining, agriculture, fisheries, and services. Much of this growth was powered by large-scale infrastructure and energy projects backed by international development institutions, including the World Bank, (then USAID), IMF, and the African Development Bank.

 

 

Despite these advances, the report cautions that the country remains vulnerable due to its dependence on raw material exports and imported consumer goods, making it susceptible to external shocks.

 

Government's Vision vs. Ground Realities

 

In early 2025, President Joseph Boakai's administration launched the ARREST Agenda for Inclusive Development, a five-year roadmap targeting agriculture, road networks, the rule of law, education, sanitation, health, and tourism. These sectors are considered critical to long-term growth and job creation.

 

However, critics say the ambitious agenda is threatened by structural barriers that have long plagued Liberia's business environment.

 

Although no official response about the the report has yet come from President Joseph Nyumah Boakai's administration, both the international community and citizens alike continue to hold the administration's feet to the fire-calling for reform and taking of corrective measures that would rebrand Liberia's image from one noted for many vices to one triumphing over its longstanding challenges.

 

Infrastructure: Liberia's Weakest Link

 

According to the State Department's report, infrastructure remains the single largest constraint to economic transformation in Liberia.

 

"Electricity is expensive and unreliable, roads and bridges are dilapidated, and internet access trails behind regional peers," the report states.

 

These deficiencies inflate operating costs and reduce Liberia's competitiveness, particularly when compared to neighboring countries.

 

Bureaucracy, Inconsistency, and Digital Gaps

 

The report underscores inconsistent tax policies, overlapping regulatory mandates, and bureaucratic inefficiencies as chronic challenges. Investors attempting to follow legal procedures often face greater scrutiny than those with political ties.

 

Moreover, Liberia's Business Registry website -- critical for company registration -- was found to be insecure and unreliable at the time of reporting. The absence of a centralized, up-to-date digital platform further complicates regulatory compliance.

 

International Partnerships and Trade Access

 

Liberia maintains bilateral investment treaties with countries including France, Germany, Switzerland, and Taiwan, and has pending agreements with the UAE and Belgium-Luxembourg. It also enjoys preferential trade access to the U.S. under AGOA and the Generalized System of Preferences (GSP).

 

Yet, even with these benefits, foreign investors are wary of Liberia's slow regulatory changes, unpredictable governance, and unclear dispute resolution processes.

 

Land Ownership and Transparency

 

Foreigners are not allowed to own land in Liberia, though long-term leases are permitted. The report warns that this policy continues to deter long-term investment, especially in agriculture and real estate.

 

Transparency also remains a concern. Although Liberia has adopted International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS), many key government decisions are made without public notice or consultation, leaving investors in the dark.

 

Reform Needed to Unlock Liberia's Potential

 

Despite these challenges, the report maintains that Liberia holds vast potential in natural resources, renewable energy, and services. The country's youthful population and untapped markets offer long-term promise, but only if deep-rooted structural problems are addressed.

 

"To become a truly competitive investment destination, Liberia must prioritize judicial independence, infrastructure development, anti-corruption enforcement, and transparent governance," the report stated.

 

Read the original article on Liberian Investigator.

 

 

 

 

Africa: Young Innovators Key to Africa's Digital Leap, Says Airtel Africa Boss

Africa's true digital strength lies in the mindset of its young innovators, not just in technology adoption, and stakeholders must work together to harness this potential, according to Sunil Taldar, Group CEO and Managing Director of Airtel Africa.

 

Taldar made the remarks during the Mobile World Congress (MWC) at the Kigali Convention Centre, a three-day event running till October 23.

 

"I moved to Africa about two years ago, and while I was moving to Africa, the only thing that I had heard about Africa was the very perception that we were not a part of reality. But in my view, all these complicated stereotypes stand in the generation of young innovators which is reaching the future of Africa," Taldar said.

 

 

He noted that across Africa, "hundreds and thousands of innovators and engineers are designing products and solutions which are key to shaping the way we think, the way we operate. And all this is under its foot in Africa, in the heart of digital inclusion, which is supplied by the wireless dash-drive and cloud-enabled services."

 

Taldar outlined what he called the emergence of "three Africas" each presenting unique opportunities for digital growth.

 

The first, Core Africa, comprises major cities like Lagos, Nairobi, and Kigali, where smartphone penetration is rising and digital engagement is increasing.

 

"These cities are the growth anchor of Africa. If you look at the data consumption case, it's rising, and we are the leaders in AI adoption," he said.

 

 

Taldar noted that achieving pervasive AI use requires resilient data networks and robust data centres, emphasising Airtel Africa's investments in digital infrastructure, including co-location, edge hosting, and cloud services.

 

The second, Emerging Africa, consists of cities transitioning from voice-based to data-driven economies. Taldar identified barriers to e-commerce adoption in these areas, particularly online scams and digital fraud, and pointed to the potential of AI to address these challenges.

 

"We very recently launched an AI-powered smart e-commerce service across many of our key markets, and what that is doing, is saving hundreds of billions [of customers] on a daily basis from getting potential fraudulent messages," he said.

 

The third, Rural Africa, represents the largest opportunity, according to Taldar.

 

"The need here is to address the affordability challenges that our rural Africans have. But most importantly, what we also need to do is really provide reliable networks," he said.

 

He called for leveraging AI to build greener and more reliable networks to serve underserved populations.

 

Taldar stressed that while these three regions are at different stages of maturity, they share a common trajectory: moving from mere connectivity to creating value.

 

"Africa's general story is not about catching up, it's about leapfrogging...this leap is from access to productivity, for which all stakeholders need to work together collectively to serve young Africans," he said.

 

He called for collaboration across telecom operators, technology manufacturers, regulators, investors, and support teams to maximise Africa's digital potential.

 

"If we can do all that, there is no reason why the world's next very interesting story won't be written here in Africa," Taldar said.

 

Read the original article on New Times.

 

 

 

 

Kenya: Court Suspends Sh20mn Cyber Harassment Penalty in Cybercrime Act

Nairobi — The High Court in Nairobi has temporarily suspended the enforcement of a section of the Computer Misuse and Cybercrimes Act that introduced tougher penalties for cyber harassment -- including fines of up to Sh20 million or imprisonment for up to 10 years.

 

Justice Lawrence Mugambi issued the conservatory order on Wednesday following an urgent application filed by gospel musician Dr. Reuben Kigame Lichete and the Kenya Human Rights Commission (KHRC).

 

The petitioners challenged the constitutionality of Section 27(1)(b), (c) and (2) of the amended law, warning the state could use the provisions infringe on freedom of expression to silence dissent or legitimate online criticism.

 

 

Kigame, KHRC petition High Court to quash new Computer Misuse and Cyber-crimes law » Capital News

 

The suspended clauses were part of the Computer Misuse and Cybercrimes (Amendment) Act, 2025, signed by President William Ruto on October 15.

 

Section 27 expanded the definition of cyber harassment to include online communications that are "detrimental," "indecent," or "grossly offensive" and "affect a person," even indirectly.

 

The provision empowered courts to issue restraining orders and compelled service providers to disclose subscriber information to help identify offenders.

 

Under the amended law, offenders faced a fine not exceeding Sh20 million or imprisonment for up to 10 years, or both -- a significant escalation from the original penalties in the 2018 Act.

 

 

Explained: Kenya's revised Computer Misuse and Cybercrime Act » Capital News

 

Maraga terms Cybercrimes Act assent a betrayal of Kenyans, faults provisions on website closures » Capital News

 

Further direction on November 5

 

Critics, including human rights groups, warned that the vague language of the section provides an opportunity for misapplication to criminalize robust online debate, satire, or investigative journalism.

 

In his ruling, Justice Mugambi directed that the implementation and enforcement of Section 27(1)(b), (c), and (2) stands halted pending full determination of the petition.

 

He ordered the respondents -- among them the Kenya Union of Journalists, the Media Council of Kenya, the Attorney General, and the Directorate of Criminal Investigations (DCI) -- to respond within seven days.

 

"The enforcement, implementation, and operation of Section 27(1)(b), (c), and (2) of the Computer Misuse and Cybercrimes (Amendment) Act, 2025 [are] hereby suspended," read the order issued on Wednesday, October 22.

 

The court further directed that the application and supporting documents be served within three days and set November 5 for further directions.

 

The case marks the first major legal challenge to the amended Cybercrime Act, which has faced mounting opposition over concerns that it could erode digital freedoms, press liberty, and free speech online.

 

The ruling temporarily halts implementation of one of its most controversial provisions, pending a constitutional review of its implications on civil liberties in Kenya.

 

Read the original article on Capital FM.

 

 

 

 

 

 

Liberia: Supreme Court Denounces 'False' Media Reports On Debt Case Enforcement

Liberia's Supreme Court has strongly denied what it calls "false, misleading, and malicious" media reports suggesting that Chief Justice Yamie Quiqui Gbeisay, Sr., personally intervened in a private debt case to target a local investor, describing the allegations as an attempt to discredit the judiciary and undermine public trust.

 

In a statement issued Monday, the Court said several media outlets published unverified information about the enforcement of a Writ of Execution arising from an Action of Debt by Attachment between two private parties, Mrs. Ding Shn Jun (commonly known as Nancy Chinese Lady) and Mr. Najid Kamand, without seeking clarification from judicial authorities.

 

 

"The publication seeks to erroneously mislead the public to believe that the enforcement of a Writ of Execution ... was a personal attempt by His Honor Yamie Quiqui Gbeisay, Sr., intended to target Liberian investment, which is nothing but a calculated attempt to use the judiciary as a coverup by persons who have fallen foul of the law," the release stated.

 

Background to the Case

 

Court records show the debt case was filed in 2020 at the Debt Court of Montserrado County, where the plaintiff, Mrs. Jun, sued Mr. Kamand for over US$1.2 million. The trial was delayed for years due to multiple motions and procedural challenges filed by the defense, but on April 30, 2024, the Debt Court ruled in favor of the plaintiff, ordering Kamand to pay US$1,206,900.

 

Kamand appealed to the Supreme Court, which heard the matter during its October Term 2024. However, the high court later determined that the defendant failed to perfect his appeal. On December 19, 2024, the Supreme Court dismissed the appeal and instructed the lower court to enforce its judgment.

 

 

"The Supreme Court ... granted the Motion to Dismiss, dismissed the appeal, and ordered the court below to resume jurisdiction over the matter and effect its judgment," the release said.

 

Why the Case Was Reassigned

 

The Judiciary said enforcement was delayed until September 2025, when Judge James E. Jones of the Debt Court requested that the case be reassigned. In a letter to Chief Justice Gbeisay, Judge Jones explained that less than 25 percent of the judgment amount had been recovered, and that the creditor, dissatisfied with the slow enforcement, had accused the court of inaction.

 

In response, the Chief Justice exercised his authority to reassign the matter to Judge Joseph B. Kollie of the National Labor Court, directing him to enforce the judgment as mandated by the Supreme Court.

 

 

"It is therefore false and erroneous to insinuate that the Chief Justice unjustifiably removed Judge Jones from the case," the Court said. "The assignment was based solely on a formal request from the Debt Court judge."

 

Palm Springs Hotel and the Debt Claim

 

The Supreme Court clarified that the dispute involved the Palm Springs Hotel, now operating as Colony Hotel, which had been attached as collateral for the loan extended to Mr. Kamand. It explained that Kamand had leased the land where the hotel sits and used the loan to finance its development.

 

According to the Court, Kamand later conspired to cancel the lease in an attempt to detach the property from the debt action, a move the Judiciary described as "deliberate and malicious."

 

"Such conduct cannot be allowed to thrive in our legal processes," the Court warned, "as they have the propensity to erode investors' confidence and trust in our legal system."

 

Appeal to Media Institutions

 

The Supreme Court urged journalists and media houses to verify facts with the Judiciary before publishing stories involving ongoing or decided court cases, warning that unbalanced reporting could undermine Liberia's justice system.

 

"The Supreme Court assures all media practitioners of its openness to support their work," the release said. "We encourage them to always ascertain the court's side when making such reportage, as unbalanced reporting has far-reaching consequences on our collective strive to develop Liberia."

 

The Gbeisay-led Supreme Court has emphasized transparency and integrity as central to restoring credibility to Liberia's courts, long criticized for inefficiency, corruption, and political influence. The Court's firm response signals an intent to defend institutional independence while promoting confidence among both citizens and investors.

 

Read the original article on Liberian Investigator.

 

 

 

 

Africa: KQ Flies First Africa Flight Using Sustainable Fuel

Nairobi — Kenya Airways (KQ) has operated a first flight to Cape Town, South Africa, using a 50 percent blend of Sustainable Aviation Fuel (SAF).

 

The flight, KQ784, departed from Nairobi on Sunday and makes it a first-of-its-kind in Africa.

 

"From upcycled blanket bags and recyclable and reusable cutlery to locally sourced Kenyan coffee and tea, our Nairobi-Cape Town showcase flight was designed to reduce reliance on single-use plastic," KQ said on its X page.

 

The national carrier first piloted a SAF-powered flight between Nairobi and Amsterdam two years ago and has since announced plans to scale up the use of cleaner fuels.

 

Data from the World Bank shows Kenya requires about Sh30.45 billion to establish biofuel plants for aviation use.

 

Read the original article on Capital FM.

 

 

 

 

 

Liberia: SRC Begins Construction of New Workers' Housing Units

The Salala Rubber Corporation (SRC) has begun demolishing aging mud housing units to make way for durable two-bedroom concrete homes for its workforce.

 

The initiative, according to Jeety Rubber, the new owner of SRC, is part of a broader commitment to workers to construct and renovate more than 500 homes within 24 months to improve living conditions.

 

The project comes as Jeety Rubber has made it a priority to address the Earthworm Foundation report, which documented a myriad of unresolved social challenges, including poor living conditions under Socfin, a Luxembourg multinational group that owned and operated SRC for more than a decade until August 2024.

 

 

"As a company, our goal is to address whatever structural issues the Earthworm report identified during the time of Socfin through a phased and systematic approach," said business tycoon Upjit Singh Sachdeva, CEO of Jeety Conglomerate. "Today, the demolition exercise is in that direction. We are going to replace these mud houses that have been here for ages with durable two-bedroom concrete homes that are spacious enough."

 

Housing at SRC has been the main source of workers' long-standing grievances against the company. In June 2024, amid heightened tensions, a violent protest broke out, resulting in the burning and ransacking of company properties, forcing Socfin to eventually shut down operations and divest.

 

In the purchase agreement, Jeety Rubber committed to addressing years of unresolved social and infrastructural problems left behind by Socfin, including poor housing units and social services. As part of this commitment, the company has moved several hundred workers from Camp 1 and Camp 2 to 121 newly built and renovated housing units. Some of the relocated workers had been living in the dilapidated mud houses. The renovated and newly built two-bedroom concrete units are designed with durability and weather resistance in mind, with each home providing a more secure and comfortable living space.

 

 

"The most important asset we have as a company is our workers, so their well-being, especially where they live, has always been our priority," Sachdeva said. "We remain committed to ensuring that all workers in the nine camps have access to durable housing units in the 24-month time frame we have promised and we are working hard to get there without any excuse when the period we have set comes."

 

Jeety Rubber's vision for SRC has seen the company announce and undertake a series of projects aimed at improving the overall quality of life for workers. These include the donation of a top-tier ambulance, completed renovations of the SRC school system and health center which were among the many poorly run facilities inherited and announcement of $10,000 for scholarships.

 

 

The clinic can now boasts of qualified doctors and staff, and well-furnished labs while the various schools, including the high school, have access to 24/7 electricity, running water and an upgraded science lab, creating a conducive learning environment that led to the remarkable achievement of all 12th graders passing the 2025 West African Senior School Certificate Examination, a feat never before achieved in the company's history.

 

Other pending projects include cost-free Starlink internet service, electricity and borehole water systems. These projects are part of a broader plan by Jeety Rubber's to modernize social services across all nine worker camps. The Starlink service will provide high-speed internet access to workers and their families, while the electricity will improve living conditions and enable access to modern amenities previously unavailable in the camps, and the borehole water system will ensure all camps have access to clean and safe drinking water/

 

"We inherited a company that left behind years of unresolved social and infrastructural problems, and so our main goal is to solve these problems," Sachdeva said. "While we aim for profitability, we at the same time work to improve social services for workers, and that includes improving their living conditions."

 

Meanwhile, SRCworkers are commending the company for its commitment to solving legacy issues that existed under the previous regime, though they hope the problems can be resolved quickly. They note that the pace at which SRC's new management is renovating and constructing new homes gives hope for better days ahead, reflecting their belief that employee well-being is a priority.

 

However, workers hope the housing projects and all other pending initiatives can be fast-tracked so that every worker can have a home with better access to social services.

 

"For years, we lived in fear of the rainy season, worrying about the roof collapsing. Now, we have a safe and comfortable place to live, but it is our hope that these projects can be fast-tracked. A lot of workers are in need of housing," the workers said. "Still, what we are seeing from the new SRC management is a genuine commitment to solving all the legacy issues that existed under the previous management. We applaud them for the work being done as we look forward to seeing all the legacy issues solved."

 

Read the original article on New Republic.

 

 

 

 

 

 

 

 


 


 


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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 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.

 


 

 


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