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RE: Major International Business Headlines Brief ::: 17 September 2025 

multipart/related;
	boundary="----=_NextPart_000_0304_01DC27D9.0003FC80"

multipart/alternative;
	boundary="----=_NextPart_001_0305_01DC27D9.0003FC80"

STOP.

=20

From: Bulls n Bears [mailto:info@bulls.co.zw]=20
Sent: Wednesday, September 17, 2025 12:22 PM
To: bulls@bulls.co.zw
Subject: Major International Business Headlines Brief ::: 17 September =
2025=20

=20

=09
=20

 <https://bullszimbabwe.com/>=20

=20

=20

 <http://www.bullszimbabwe.com> Bullszimbabwe.com         =
<mailto:info@bulls.co.zw?subject=3DView%20and%20Comments> Views & =
Comments        =
<https://bullszimbabwe.com/category/blogs/bullish-thoughts/> Bullish =
Thoughts        <http://www.twitter.com/BullsBears2010> Twitter         =
<https://www.facebook.com/BullsBearsZimbabwe> Facebook           =
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn  =
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   <mailto:bulls@bullszimbabwe.com?subject=3DUnsubscribe> Unsubscribe

=20

=20

=20

Major International Business Headlines Brief :::  17  September  2025=20

=20

                                                                         =
        =20

=20

 <mailto:info@bulls.co.zw>=20

=20

=20

=20

=20

=C3=BC  South Africa: Mfuleni Taxi Users Affected by Route Ban

=C3=BC  South Africa: Wild Coast Communities and Environmental =
Organisations Optimistic as Judgment is Reserved in Shell Case

=C3=BC  Nigeria: Our Drivers Earn More Than Graduates - Dangote

=C3=BC  Nigeria: Afriland Properties Addresses Fire Incident At Its =
Towers

=C3=BC  Nigeria: Dangote Narrates Experience in Uber Taxi

=C3=BC  Ethiopia: Residents of Oromia Region Express Joy Over =
Inauguration of GERD

=C3=BC  Nigeria: Dangote Refinery Delivers First U.S. Petrol Export to 2 =
Global Oil Traders

=C3=BC  Nigeria: Lawmaker Demands Continuous Audit of Special Economic =
Programme

=C3=BC  Nigeria: Reforms in Oil, Gas Sector Have Delivered $18bn Fdps in =
2025 - NUPRC

=C3=BC  Africa: Huawei Digital Power - Committing to Quality for =
Africa's Green Energy Transition

=C3=BC  GSK pledges $30bn US investment as UK's pharma woes deepen

=C3=BC  New AI deal could rapidly boost UK economy, says Microsoft boss

=C3=BC  Why the US is expected to cut interest rates

=C3=BC  Trump clashes with Australian journalist over business deals in =
office

=C3=BC  Deal is done to keep TikTok in the US, says Trump

=20

=20

South Africa: Mfuleni Taxi Users Affected by Route Ban

Some taxi users in Mfuleni have raised their frustrations with the =
shutdown of a route to Somerset West, reports EWN. At least 10 taxi =
routes between Mfuleni and Khayelitsha to Somerset West, Lwandle, and =
Nomzamo have been closed due to violence. This follows deadly attacks on =
taxi operators and commuters linked to a dispute between taxi =
associations, the Cape Amalgamated Taxi Association (CATA) and the Cape =
Organisation for the Democratic Taxi Association (CODETA), over these =
routes. Metrorail and Golden Arrow have been brought in to provide extra =
capacity. The shutdown will remain in effect for the next 30 days or =
until the warring taxi associations reach a peace agreement.

=20

Tiffany Meek, accused of murdering her 11-year-old son Jayden-Lee, is =
set to appear in the Roodepoort Magistrate's Court, reports SABC News. =
Meek was denied bail in July after the state argued she killed her son =
and tried to cover it up. The National Prosecuting Authority (NPA) =
spokesperson Phindi Mjonondwane has said that the court is expected to =
be updated on the progress of the investigation.

=20

=20

Lawyers representing communities on the Wild Coast have said that their =
dignity would be affirmed by consultation from oil and gas giant Shell =
before it explores their land for mining, reports EWN. The communities =
and environmental groups approached the Constitutional Court to =
challenge a Supreme Court of Appeal (SCA) ruling that allows Shell to =
bring an application for seismic exploration. They have raised concerns =
about potential sea contamination from seismic blasting and accused the =
companies of dismissive consultation practices. Lawyer Tembeka =
Ngcukaitobi said that the case is a lesson for future projects, warning =
that companies cannot override community interests without judicial =
pushback.

=20

=20

More South African news

=20

=20

=20

=20

=20

South Africa: Wild Coast Communities and Environmental Organisations =
Optimistic as Judgment is Reserved in Shell Case

16 September 2025, Johannesburg: On Tuesday, judgment was reserved in =
the Constitutional Court case brought by communities along the Wild =
Coast and environmental organisations against oil companies, Shell and =
Impact Africa. Both planned to explore for oil and gas off the coastline =
of the Wild Coast based on an exploration right received in 2014.

=20

Wild Coast communities and environmental organisations approached the =
Constitutional Court arguing that an order of  the Supreme Court of =
Appeal  (SCA) allowing Shell to renew its exploration right was =
incorrect and should not stand. In 2022, the High Court found the right =
to be unlawful and halted the seismic exploration. Shell, Impact Africa =
and the Minister of Mineral Resources and Energy appealed this judgment, =
and Shell and Impact Africa applied to renew the exploration right for =
the third and final time.

=20

In May last year, the  SCA  agreed with the High Court judgment, but the =
SCA took the unusual step of providing Shell an opportunity to keep its =
unlawful right alive through the renewal process - and suspended the =
High Court's order setting aside the right, until such time as the a =
decision is made on the renewal application.

=20

=20

A full day of hearings ended with an air of optimism, as arguments on =
just and equitable remedy took centre stage. Wild Coast communities and =
environmental organisations argued that the SCA judgment was not "just =
and equitable." An important aspect of the case centred on the issue of =
the lack of meaningful public participation before the right was =
granted.

=20

In the Constitutional Court, an important argument was raised about when =
public participation can happen - at the stage when the right is being =
renewed, or should it have happened already when the right was first =
applied for. If Shell and Impact Africa are allowed to continue with =
their renewal of their exploration right, would public participation at =
this late stage effectively remedy the original deficit?

=20

=20

Counsel for the communities argued vigorously that suspension of the =
High Court order constituted an unjustifiable dismissal of the gravity =
of the rights violated, and that the order setting aside the right =
should be upheld. Adv Nick Ferreira, representing the environmental =
organisations, argued that the appropriate remedy by the SCA would have =
been to dismiss the appeal and uphold the High Court's ruling, saying =
that we cannot allow this Court to be "a platform for unpleaded =
submissions and for turning back the hands of time". The community =
objections were based on the defense of their heritage and ancestral =
lands, with Adv Tembeka Ngcukaitobi SC emphasising that dignity requires =
that communities have a platform to express these concerns.

=20

If the Court was inclined to make provision for a new consultation =
process, Ferreira and Ncgukaitobi argued =3Da proper restoration of =
these rights can only be achieved through compelling Shell and Impact to =
commence their application from the beginning.

=20

=20

Shell, Impact Africa, and the Minister of Mineral Resources argued that =
allowing public participation during the renewal process, by =
interpreting the legal requirements read together with the SCA judgment, =
should suffice in curing the initial inadequacies of their exploration =
right application, and be sufficient to remedy the infringement of =
Constitutional rights and environmental laws.

=20

Shell's Counsel, Adv Adrian Friedman, argued that the Constitutional =
Court has the power to change the terms of the SCA remedy, and =
"panelbeat the SCA order" to ensure proper consultation in the renewal =
process.

=20

Adv Ngcukaitobi said regarding Shell's failed consultation process, "How =
can they avoid consulting with my clients? Everyone in the industry =
accepts that the renewal is not the place for consultation." He went on =
to emphasise that corners were cut during Impact Africa's consultation =
process at the expense of communities.

=20

Adv Nick Ferreira concluded by asking the rhetorical question: Why are =
Impact and Shell so keen for this Court to "panelbeat" the SCA ruling? =
He said that the answer is obvious - they don't want to have to go =
through the onerous process of consultation required by the law. "They =
want the easy way out."

=20

Quotes:

=20

"Our advocates did a great job of reminding everyone that this case is =
about the dignity of our people - the dignity that comes with =
participation in decisions that directly affect us. And furthermore, =
that this participation must come at the beginning of the process of a =
company applying for an exploration right. We have high hopes that the =
court will affirm our dignity by setting aside the application right, =
and not pander to the attempts of Shell and Impact Africa to assert =
economic gain over the dignity, livelihoods and human rights of our =
coastal fishing communities." - Sinegugu Zukulu, Sustaining the Wild =
Coast.

=20

"I'm hoping we win this case, and Shell withdraws. We need the =
government to hear the voices of the community.  Our ocean is not for =
sale - it's our sacred place, we live and eat from it." - Fefekazi =
Nozaza, from the Port St Johns community.

=20

"We are hopeful that the Constitutional Court will hear the plea for =
Justice from the communities on the Wild Coast. This coastline means so =
much to so many people in South Africa. It is a source of their =
livelihoods, and of a sacred, spiritual and cultural connection to their =
ancestors and their human dignity, and much more that is of intangible, =
incalculable value. For Shell, its only value lies in the profit they =
can extract from its rich waters. This should never be allowed to trump =
the human and environmental rights of our people." - Delme Cupido, =
Director at Natural Justice.

=20

" It is important for companies, in particular powerful multinational =
corporations, to carry the consequences of their actions. The SCA's =
order potentially gives Shell a free pass despite dismally failing to =
comply with what the law requires for exploration rights. That is not =
the message we should be sending to corporations, in particular those in =
the business of fossil fuel extraction. Not only the future of the Wild =
Coast communities, but of the whole country, depends on it." - Wilmien =
Wicomb from the Legal Resources Centre.

=20

"Today, the Apex Court had the challenging opportunity of balancing =
people versus profit. We've seen this all before. But, this time, it =
feels different. Win or lose, lifeline remedy or not: this case has =
already had a catalytic impact on public participation processes for new =
mining related applications, and for that, these courageous communities =
will go down in history as the ultimate winners in the battle for the =
soul of South Africa's oceans." - Ricky Stone, Cullinans and Associates.

=20

"For too long, "big oil" has undertaken cursory public engagement, or =
side-stepped the process completely and deceptively, making the =
engagement anything but "meaningful". Today the Constitutional Court =
heard from counsel that using "legal engineering" (words of Justice =
Mothopo) does not absolve exploration and prospecting companies from =
discharging the duty of full and proper meaningful engagement. This is =
the only way to give legitimacy and credibility to a permit or licence - =
a process that recognises and respects that the livelihoods, lifestyle, =
cultural observations and dignity of our people cannot be underplayed or =
dismissed." - Eugene Perumal, Greenpeace Africa.

=20

"The march and singing with different organisations outside the =
courtroom demonstrated the importance for coastal communities of being =
part of the Constitutional Court case today. People from fishing =
communities across the country had the chance to share their different =
struggles." - Siyabonga Ndovela, Wild Coast resident

=20

"Today was a pivotal day for Wild Coast communities, a day for their =
struggle against oil and gas giants to be heard by the highest court in =
the land. After rigorous legal argument in the court, and the voices of =
communities ringing loudest outside the court, we trust that the =
Constitutional Court will put human rights above corporate greed to =
uphold our Constitution." - Melissa Groenink-Groves, Natural Justice

=20

=20

=20

=20

=20

Nigeria: Our Drivers Earn More Than Graduates - Dangote

"Our drivers earn more than graduates. If you look at what they earn in =
a month, it's almost four times the national minimum wage," Mr Dangote =
said.

=20

Aliko Dangote, founder and president/chief executive of the Dangote =
Group has revealed that his company's drivers earn significantly more =
than graduates.

=20

Mr Dangote, in a video shared on the TVC X handle on Tuesday, made this =
known in reaction to the allegations made by the Nigeria Union of =
Petroleum and Natural Gas Workers (NUPENG).

=20

NUPENG had recently accused Mr Dangote and Sayyu Aliu Dantata of =
engaging in alleged anti-union practices. The union claims the =
businessmen are trying to monopolise Nigeria's downstream oil and gas =
distribution while suppressing workers' rights.

=20

=20

At the time, NUPENG said its members would commence a nationwide strike =
from Monday, 8 September in protest against what it described as =
anti-union labour practices, linked to the deployment of newly imported =
Compressed Natural Gas (CNG) trucks by the Dangote Refinery, for direct =
distribution of petroleum products.

=20

NUPENG, whose membership includes petrol tanker drivers, in a statement =
jointly signed by its President, Williams Akhoreha, and General =
Secretary, Afolabi Olawale, alleged that the drivers recruited for the =
CNG trucks are being forced to sign undertakings not to belong to any =
existing union in the oil and gas industry.

=20

At the time, the Nigerian Association of Road Transport Owners (NARTO) =
expressed support for NUPENG in its ongoing struggle against the Dangote =
Group.

=20

=20

NARTO National President, Othman Yusuf, in a statement, said it rejected =
Dangote's plan for free distribution of petroleum products, citing its =
unsustainability and potential to eliminate independent transporters who =
operate over 30,000 trucks across the country.

=20

Similarly, the Nigeria Labour Congress (NLC) backed NUPENG as its =
president, Joe Ajaero, accused the Dangote Group of "exploiting Nigerian =
workers while disregarding their constitutional rights."

=20

Dangote reacts

=20

Speaking in the video, Mr Dangote said the launch of the trucks didn't =
stop anyone from their work, noting that joining NUPENG should be =
voluntary.

=20

According to him, his drivers earn almost three to four times the =
national minimum wage, with some earning more than many graduates.

=20

He emphasised that the trucks his company launched will create 24,000 =
jobs, with each truck supporting about six people, noting that after =
five years of accident-free driving, drivers can apply for housing =
loans.

=20

"The trucks we launched didn't stop anyone from their work. We hear =
there will be a loss of jobs. Will our tankers be driven by robots? =
Every truck has about six people.

=20

"So these trucks they are fighting over will create 24,000 jobs. What we =
are saying is that our salary is almost three or four times their own. =
After five years of free accidents, a driver can apply and get a house =
loan.

=20

said.

=20

Read the original article on Premium Times.

=20

=20

=20

=20

Nigeria: Afriland Properties Addresses Fire Incident At Its Towers

Afriland Towers, a commercial property in one of Lagos Island's busiest =
districts, houses offices and businesses.

=20

Afriland Properties Plc confirmed on Wednesday that a fire broke out at =
its headquarters, Afriland Towers, on Broad Street in Lagos Island, a =
day after panicked workers smashed windows for air as smoke swept =
through the six-storey building.

=20

The company said in a statement by its Head, Marketing and Corporate =
Communications, Chukwunonso Okafor, that the blaze started in the =
building's inverter room before smoke quickly filled multiple floors, =
including emergency exits, even as evacuation procedures were being =
observed.

=20

=20

"From the moment the incident was reported, the Federal Fire Service, =
Lagos State Fire Service and other emergency services were promptly =
alerted and on the scene to contain the fire and coordinate rescue =
efforts. Their swift intervention was instrumental in mitigating further =
damage and managing the situation," the company said.

=20

=20

It added: "We are deeply saddened by this incident. Our thoughts and =
prayers are with all those impacted, and we extend our heartfelt =
sympathies to their families and loved ones."

=20

The company said an immediate investigation had begun and that "initial =
reports indicate, the incident began in the inverter room, and, =
regrettably, smoke spread quickly through the building, including the =
emergency exits even as standard safety protocols were being observed =
during the evacuation."

=20

The Lagos State Fire and Rescue Service said nine people were rescued =
from the building on Tuesday. "Five individuals have been successfully =
resuscitated," Deputy Controller General Ogabi Olajide said, adding that =
several others escaped unhurt while efforts were ongoing to revive four =
others.

=20

=20

Videos posted online showed some occupants leaping onto foamy materials =
spread below, while others clung to ledges until ladders were raised for =
their escape.

=20

By late afternoon the blaze had been contained, though rescue operations =
and safety checks on the building continued.

=20

Afriland Properties said it was working closely with authorities and =
thanked emergency responders, first aid workers and members of the =
public, describing their efforts as "heroic."

=20

=20

=20

=20

=20

=20

=20

=20

Nigeria: Dangote Narrates Experience in Uber Taxi

He emphasised the importance of adapting to new technologies and =
developments, stating that failure to do so would render one 'archaic'

=20

Group, has shared an interesting experience he had while riding in an =
Uber taxi in Italy.

=20

Mr Dangote in a video shared on the TVC X handle on Tuesday, said while =
waiting for his driver who was unavailable, his assistant called an Uber =
to take them to a restaurant.

=20

During the ride, he said he had a conversation with the driver about the =
vehicle. According to him, the driver was nice, offering them mint or =
chewing gum, which he declined.

=20

=20

Mr Dangote said he complimented the vehicle, and the driver mentioned =
that it was a Tesla electric car, adding that the driver informed him =
that it costs about =E2=82=AC20 to fully charge the car, which allows =
him to drive approximately 500 kilometres.

=20

"I was waiting for my driver and we did not see him in Italy on Tuesday =
and my assistant called an uber. We just got into the uber me and him =
trying to go to a restaurant. The guy was nice to us and gave us mint or =
chew gum if we wanted and I said no thank you.

=20

"And I said 'this vehicle is nice' and he said 'Tesla electric'. I said =
'oh that's good'. He said our electricity is very expensive here and I =
said, 'ok what does it cost' and he said about =E2=82=AC20 to fully =
charge and I said how many kilometres do you run and he said 500 so you =
can see that =E2=82=AC20 for 500 kilometres," Mr Dangote said.

=20

=20

=20

"So things have changed and all of us will have to keep changing because =
if not, you will become archaic," he added.

=20

=20

=20

=20

=20

=20

Ethiopia: Residents of Oromia Region Express Joy Over Inauguration of =
GERD

Addis Ababa =E2=80=94 Residents of Oromia Region staged public rallies =
to express their joy over the inauguration of the Grand Ethiopian =
Renaissance Dam (GERD).

=20

Ethiopia inaugurated its national flagship project, GERD, last week in =
the presence of leaders from Africa and the Caribbean.

=20

Following GERD's inauguration, Ethiopians across all regional states are =
expressing their excitement in large rallies.

=20

Today, public rallies are being held in various cities in the Oromia =
Regional State under the theme "We have achieved it together".

=20

During the rallies conducted in Assela town, the Vice President of the =
Oromia Regional State, Awelu Abdi, remarked, "We will strive to =
duplicate the success attained with the Grand Ethiopian Renaissance Dam =
in other peace and development initiatives by uniting the community.

=20

=20

Awelu emphasized that the residents of the region have consistently =
backed the success of the GERD through the purchase of bonds and various =
donations.

=20

The Vice President confirmed the government's persistent endeavors to =
replicate the achievements obtained from GERD across other development =
initiatives focused on establishing sustainable peace, stabilizing =
living costs, and enhancing service delivery through the coordination of =
the regional populace.

=20

He also mentioned the government's continuous initiatives to assist =
those who choose the path of peace in returning to a normal life, =
thereby ensuring enduring peace in the region.

=20

Moreover, he stated that the regional government will persist in =
enhancing law enforcement measures against individuals who have not =
embraced the path of peace, enabling the populace to concentrate on =
developmental efforts and attain enduring peace.

=20

=20

He mentioned that the regional government will intensify its oversight =
of unlawful business operations to stabilize living costs, while also =
increasing the availability of products.

=20

Read the original article on ENA.

=20

=20

=20

=20

=20

Nigeria: Dangote Refinery Delivers First U.S. Petrol Export to 2 Global =
Oil Traders

Two top global oil traders, Vitol and North American fuel distributor =
Sunoco, have received the first U.S. petrol import from Dangote =
refinery.

=20

Reuters reported that the delivery was made on Monday, according to =
vessel-tracking data and two sources familiar with the matter.

=20

The delivery of the tanker Gemini Pearl marks a major milestone for the =
650,000-barrel-per-day Dangote refinery. Energy market participants had =
been waiting to see when its production would start meeting strict U.S. =
motor fuels standards.

=20

According to one source and ship-tracking data, Vitol purchased the =
Gemini Pearl's cargo of around 320,000 barrels of gasoline from Geneva, =
Switzerland-based Mocoh Oil and sold most of it to Sunoco. It was not =
immediately clear what volume Vitol sold to Sunoco and how much it would =
keep.

=20

=20

The vessel was discharged at Sunoco's Linden facility in the New York =
Harbor area, vessel-tracking data showed.

=20

The sources requested anonymity to discuss confidential details. Vitol =
and Sunoco did not immediately respond to requests for comment.

=20

Mocoh Oil, which confirmed a partnership with Dangote to export products =
from the refinery earlier this year, did not immediately comment outside =
of business hours in Switzerland.

=20

After a string of startup delays, the Dangote refinery, one of the =
world's biggest, has reshaped global energy flows by ramping up output =
sharply since last year. It is expected to significantly reduce =
Nigeria's fuel imports, while exporting its surplus mainly to Europe.

=20

=20

A second cargo of gasoline from Dangote to the U.S. was sold by Glencore =
to Shell on the vessel MH Daisen, which is set to arrive in the New York =
Harbor area around September 19, one of the sources said and =
ship-tracking data showed.

=20

Glencore declined to comment, and Shell did not immediately respond.

=20

Vitol also purchased from Mocoh a third cargo of gasoline made by the =
Dangote refinery, with the vessel Seaexplorer set to deliver that in the =
New York Harbor area around September 22, the sources said.

=20

The sources said the destination of the undelivered cargoes could change =
based on market conditions.

=20

While the cargoes support expectations that the Dangote refinery is set =
to sharply alter global energy trade, they are likely to be the only =
ones for a while. Industry monitor IIR Energy said earlier this month =
that the refinery's gasoline-producing unit could be shut for two to =
three months for repairs.

=20

Dangote did not respond to Reuters' earlier requests for comment on the =
outage.

=20

Read the original article on Leadership.

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Nigeria: Lawmaker Demands Continuous Audit of Special Economic Programme

A Member of the National Assembly (NASS) has called for financial =
auditing and strict oversight to secure the future of Nigeria's National =
Growth and Knowledge Sharing (NG-CARES) initiative.

=20

At a national retreat on NG-CARES in Katsina State, the member =
representing Akwanga/Wamba/Nasarawa Eggon Federal Constituency and =
deputy chairman of the Public Accounts Committee, Hon. Jeremiah Umaru, =
said the programme's success depends on continuous auditing and full =
transparency.

=20

"There must be a deliberate effort to ensure proper auditing and =
accountability," Umaru declared, adding that both the House of =
Representatives Committee on NG-CARES and state governments must carry =
out proper oversight to prevent misuse of funds.

=20

The lawmaker linked sound auditing to the programme's sustainability, =
urging that companies be required to dedicate a percentage of their =
profits before or after tax, directly to NG-CARES projects.

=20

This earmarked funding, he explained, would give every state a clear =
budget line for community initiatives.

=20

Other participants at the retreat echoed the call for strong financial =
controls, stressing the need for coordinator capacity building, =
inclusive sensitisation campaigns, more awareness campaigns on the =
programme, and a community-driven development approach to complement the =
proposed audit measures.

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Nigeria: Reforms in Oil, Gas Sector Have Delivered $18bn Fdps in 2025 - =
NUPRC

The Chief Executive of the Nigerian Upstream Petroleum Regulatory =
Commission (NUPRC), Gbenga Komolafe, has said that the country's reform =
agenda delivered 28 Field Development Plans (FDPs) valued at $18.2 =
billion in investment commitments in 2025 alone.

=20

The commitments, he said, are also expected to unlock 1.4 billion =
barrels of oil and 5.4 TCF of gas, adding an expected 591,000 barrels of =
oil per day and 2.1 billion SCFD of gas and boosting the country's =
aspiration to deliver over 3 million bpd in oil output.

=20

Komolafe spoke yesterday at the ongoing Africa Oil Week (AOW) in Accra, =
Ghana, even as he attributed these feats to President Bola Tinubu's =
renewed hope vision, a statement by the NUPRC's Head, Media and =
Strategic Communications, Eniola Akinkuotu, stated.

=20

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The commission's chief executive, whose presentation was titled: =
'Nigeria's Competitive Reform Agenda for Unlocking Potentials in =
Upstream Oil & Gas,' reiterated the importance of energy security as the =
cornerstone of economic growth, national resilience, and shared =
prosperity in Africa.

=20

He said Nigeria's new energy regime under the Petroleum Industry Act =
(PIA), 2021, ushered in a new era of governance, fiscal reform, and =
institutional realignment.

=20

Komolafe said the NUPRC, which is birthed under the new regime, has =
shown itself as a dedicated and forward-thinking regulator, explaining =
that in nearly four years, the commission has rolled out 24 =
transformative regulations, 19 of which are now gazetted to =
operationalise key provisions of the PIA.

=20

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According to him, the NUPRC has unveiled a comprehensive Regulatory =
Action Plan (RAP), aligned with the PIA, to tackle regulatory =
bottlenecks, vacate entry barriers, and ensure timely and transparent =
licensing rounds.

=20

He said the initiatives of the commission have delivered results, =
including raising rig counts from eight in 2021 to 43 as of September =
2025.

=20

He said: "In 2025 alone, the commission has approved 28 new field =
development plans, unlocking 1.4 billion barrels of oil and 5.4 TCF of =
gas, adding an expected 591,000 barrels of oil per day and 2.1 BSCFD of =
gas. These FDPs, with $18.2 billion in CAPEX commitments, underscore =
Nigeria's transformation into one of the most dynamic and attractive =
upstream investment frontiers in the world."

=20

"Other results include the $5 billion FID for the Bonga North deep =
offshore development and the $500 million Ubeta Gas Project signal =
renewed long-term commitments, with additional FIDs expected in projects =
like HI NAG Development, Ima Gas, Owowo Deep Offshore, and Preowei =
Fields."

=20

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The CCE said, since taking office, Tinubu has also approved five major =
acquisition deals worth over $5 billion, unlocking opportunities for =
ambitious indigenous players.

=20

He noted that recent bid rounds and concession awards, including the 57 =
Petroleum Prospecting License (PPL) awards in 2022, the 2022 mini-bid =
round, and the 2024 licensing round, were executed with unprecedented =
transparency and competitiveness, drawing exceptional investor =
participation.

=20

He explained how optimising signature bonus requirements and removing =
barriers to entry ensured wider accessibility, resulting in 27 out of 31 =
blocks offered in 2024 being successfully taken up. According to him, =
these developments are laying a strong foundation for fresh investments =
and accelerated sectoral growth.

=20

"With the PIA as our foundation, reinforced by bold Presidential =
Executive Orders and transformative regulatory initiatives, we are not =
just opening our doors to investment; we are building a world-class =
upstream oil and gas environment that rewards ambition, innovation, and =
responsibility," Komolafe stated.

=20

Meanwhile, Nigeria's Minister of State for Petroleum Resources (Oil), =
Senator Heineken Lokpobiri, has reaffirmed the country's leadership role =
in advancing Africa's energy security, calling for deeper regional =
integration.

=20

Speaking at the ongoing Africa Oil Week (AOW) 2025 Ministerial and CEO =
Leadership Forum in Ghana, Lokpobiri stressed that integration remains =
the most effective strategy to end Africa's energy poverty.

=20

He noted that shared infrastructure, harmonised standards, and technical =
expertise will enable the continent to secure its energy future, a =
statement in Abuja by the minister's Special Adviser on Media and =
Communication, Nneamaka Okafor, said.

=20

Lokpobiri highlighted Africa's heavy reliance on imports, revealing that =
the continent spends over $120 billion annually on hydrocarbon imports. =
"This is capital flight. These funds should remain within Africa to fuel =
our own development priorities," the minister stated.

=20

The minister emphasised that the real challenge is not access to capital =
but the lack of aligned regulatory frameworks and fiscal regimes. =
"Investors make long-term decisions based on stability and =
predictability. Africa must harmonise its policies to attract and retain =
investment," he said.

=20

As part of Nigeria's leadership drive, Lokpobiri announced the creation =
of a West African Reference Market (WARM)--an initiative to leverage =
Nigeria's growing refining capacity to supply petroleum products across =
West Africa and beyond.

=20

On the global energy transition, he clarified that the Paris Agreement =
does not require abandoning fossil fuels, but rather a reduction in =
emissions. "Africa contributes only 3 per cent of global CO2. We cannot =
lead an energy transition when we don't even have energy. Our priority =
must be to responsibly harness our abundant resources to power growth," =
he added.

=20

Besides, Lokpobiri urged African nations to unite around a shared =
purpose: "Africa has the market, the population, and the resources. What =
we need now is to keep value within our continent and finance our own =
energy future," he maintained.

=20

Read the original article on This Day.

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Africa: Huawei Digital Power - Committing to Quality for Africa's Green =
Energy Transition

As governments worldwide intensify efforts to cut greenhouse gas =
emissions, respond to the climate crisis, and secure reliable energy =
supplies in the face of rising demand, the global energy sector is =
undergoing a profound and accelerated transformation.

=20

At the center of this shift is the rise of green energy, particularly =
renewable sources such as solar, wind, and hydropower, which are no =
longer peripheral alternatives but central pillars of national energy =
strategies. This momentum is reinforced by rapid technological advances, =
declining costs of renewable generation, and growing recognition that =
clean energy is not only a climate imperative but also a driver of =
economic resilience, energy independence, and industrial =
competitiveness. The transition to green energy has therefore become an =
essential path for sustainable development, shaping how countries =
invest, innovate, and collaborate to meet both environmental and =
economic goals.

=20

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In this interview, Philippe WANG, president of Digital Power, H uawei  =
Northern Africa (North, West and Central Africa), shares the =
company=E2=80=99s approach to =E2=80=9Chigh-quality=E2=80=9D deployment, =
what that means in practice, and how it aligns with the region=E2=80=99s =
opportunities and challenges.

=20

M r . Wang, you mentioned the "commitment to high quality." What does =
this commitment mean for the energy industry in Africa?

=20

In Africa, the shift to green energy is not just a technological step; =
it is a responsibility. The continent faces some of the toughest =
conditions anywhere: salty coastal air, temperature above 50=C2=B0C in =
some regions, and fine desert dust that can cut equipment efficiency by =
up to 30% if systems are not well designed & maintained. Without robust =
design, equipment fails more often, costs more to maintain, and lets =
people down when it matters most. Our High-quality systems are built for =
these realities. They last longer, work more reliably, and need less =
maintenance which makes the transition more climate-resilient.

=20

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Quality also speaks to urgent human needs. Around 600 million people in =
sub-Saharan Africa still lack electricity, and many others face routine =
outages.  The impact is felt across public services and critical =
infrastructure: as of 2021, only 28% of healthcare facilities had =
reliable power; in education, a 2025 study found that 32% of school-age =
children live near unelectrified schools. In many countries, hospitals, =
banks, airports and other essential services operate under the constant =
risk of blackout, relying on costly diesel backup. High-quality green =
energy solutions such as PV power generation and grid forming energy =
storage systems can address this by providing stable, continuous =
electricity etc. This not only strengthens communities but also supports =
the development of local economies.

=20

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When I talk about a =E2=80=9Ccommitment to high quality,=E2=80=9D I mean =
building systems that people and employers can depend on for years, not =
quarters. The point is simple: make the transition deliver lasting =
benefits, lower lifetime costs, low failure rate, and a stronger =
foundation for communities and local economies.

=20

You mentioned that Africa's climate and environmental variability impose =
high demands on energy equipment. How does Huawei address these =
challenges?

=20

To meet those demands, testing sits at the core of our quality strategy =
at Huawei Digital Power. We test complete systems, not just parts. The =
process runs in four stages: component, system, solution and =
semi-realistic simulation, each to strict standards. We then verify =
performance in the field, in conditions that match deployment: extreme =
heat and cold, prolonged dryness, high humidity, dust and corrosive =
salt-mist. By building these stresses into design and validation, we =
ensure our inverters, controllers and battery systems operate stably for =
years in complex environments.

=20

We back this with sustained R&D: in 2024, 20.8% of annual revenue was =
reinvested in R&D of innovative technologies such as AI and foundational =
technologies, thus offering high-quality and competitive products and =
solutions. That keeps our equipment reliable in the field and aligned =
with customer needs.

=20

The Salam Office project in Chad shows what this looks like in practice. =
It has an installed solar PV capacity of 300 kWp, paired with 1 MWh of =
energy storage systems, to store energy for use after sunset or during =
grid cuts. Huawei 50 kW inverters convert the solar power into =
electricity the campus can use. Since its launch in November 2024, the =
system has covered most of the site=E2=80=99s daily electricity needs =
and has operated for several months in conditions with temperatures =
reaching up to 45 =C2=B0C. It is a commercial and industrial setup that =
can operate with or without the national grid, clear evidence that =
stable, high-quality power is achievable in extreme conditions.

=20

Power supply in Africa faces instability challenges, particularly in =
remote areas. How does Huawei ensure that its grid   forming  energy =
storage systems maintain high quality and stable operation in these =
environments?

=20

In remote areas, storage has to be safe and steady first, day and night. =
Our grid   forming  energy storage systems (ESS) are built so that if a =
single battery cell overheats, the issue is confined to its module and =
does not spread to the rest of the modules. We call this pack-level =
thermal-runaway non-propagation. Additionally, we use a layered battery =
management system (BMS), the control center, that detects temperature, =
voltage and current, balances cells, and can switch a module off to =
protect the whole. In practice: a cell overheats; the BMS detects it; =
fire-resistant barriers and venting isolate the module; the rest keeps =
running. That=E2=80=99s what lets remote sites ride out heatwaves, =
voltage dips and long grid outages while power stays on.

=20

We also combine four core technologies, what we call 4T, to keep storage =
stable in tough conditions and reduce the diagnosis error rate. BiT adds =
digital control and analytics for early fault detection and remote =
diagnostics; WatT brings high-efficiency power electronics that =
stabilize charging and discharging; HeaT manages temperature precisely, =
so cells stay within safe ranges in hot or humid climates; BatTery =
covers balancing, state-of-charge and state-of-health, which protects =
cycle life. This convergence is the point: one system, managed =
end-to-end, rather than separate boxes that don=E2=80=99t =
=E2=80=9Ccommunicate=E2=80=9D to each other.

=20

This ensures that we can provide a continuous power supply in complex =
environments, supporting Africa's green energy transition and meeting =
the region=E2=80=99s need for long-term stable electricity.

=20

What is your vision for the sustainable development of new energy in the =
future?

=20

My vision starts with long-termism. The sustainable development of new =
energy will be a profound and steady transformation. True high quality =
is not about technological leadership at one moment in time or in one =
market; it is about building solutions that withstand the test of time =
in changing environments.

=20

For me, that means being a partner, not just a passing supplier. We =
commit for the full life of a project from planning and financing =
structures that work over time, to operations, maintenance, and upgrade =
paths that don=E2=80=99t force clients to start from scratch. The goal =
is simple: low failure rate, low maintenance costs, and an optimized =
cost per kilowatt-hour as assets age.

=20

Long-termism is also an economic choice. It ensures that the =
technologies we deploy meet today=E2=80=99s needs while maintaining =
efficiency and stability for years, even under extreme climate and =
environmental conditions. Reliable power reduces risk for investors, =
keeps businesses and essential services running, and frees public =
budgets from constant emergency fixes, allowing fast-growing regions to =
develop without being held back by fragile infrastructure.

=20

This is the role I see for Huawei Digital Power in Northern Africa: a =
stable, accountable partner whose solutions provide a solid foundation =
for the energy transition and the momentum to drive it into the future, =
specifically supporting the long-term energy goals of the region.

=20

=20

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GSK pledges $30bn US investment as UK's pharma woes deepen

British pharmaceutical firm GSK has pledged to invest $30bn (=C2=A322bn) =
in research and manufacturing in the US over the next five years.

=20

Announced at the start of US President Donald Trump's visit to the UK, =
the money will fund the development of next-generation factories, =
artificial intelligence (AI) and research labs in the US, said GSK.

=20

British Prime Minister Sir Keir Starmer said the investment was a =
"powerful example" of collaboration between the countries and would =
create new jobs and boost drug development.

=20

The move comes as drugmakers face pressure from the Trump administration =
to move production to the US.

=20

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GSK said in a statement that $1.2bn would be allocated to build a new =
factory in Pennsylvania to develop medicines for respiratory diseases =
and cancer. Construction is planned to start next year.

=20

The money will also fund new AI and digital technology tools across =
GSK's five American manufacturing sites, including those in North =
Carolina and Maryland.

=20

The rest of the $30bn investment will support GSK's supply chain and =
drug research efforts, the company said.

=20

Chief executive Emma Walmsley said GSK plans to keep investing in its UK =
manufacturing base and will continue spending over =C2=A31.5bn yearly on =
research and development from the country.

=20

GSK is the latest pharma firm to have either reduced spending in the UK =
or diverted it to the US, which has threatened tariffs as steep as 250% =
on pharmaceutical imports.

=20

Threats to the sector have caused major disruption, with drugmakers =
pausing or cancelling nearly =C2=A32bn in planned investments in Britain =
this year.

=20

Last week, US pharmaceutical company Merck - known as MSD in Europe - =
announced it would scrap its =C2=A31bn London research centre. Shortly =
after, AstraZeneca halted its planned =C2=A3200m expansion of its =
research facilities in Cambridge.-BBC

=20

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New AI deal could rapidly boost UK economy, says Microsoft boss

Microsoft says its new $30bn (=C2=A322bn) investment in the UK's AI =
sector - its largest outside the US - should significantly boost =
Britain's economy in the next few years.

=20

The package forms a major part of a =C2=A331bn agreement, dubbed the =
"Tech Prosperity Deal", between the UK government and several US tech =
giants as part of President Donald Trump's second state visit to the UK.

=20

The deal will see Google, Nvidia and others invest in British-based =
infrastructure to support AI, largely in the form of data centres. =
Microsoft will also now be involved in the creation of a powerful new =
supercomputer in Essex.

=20

Microsoft CEO Satya Nadella told the BBC he expected AI investment to =
drive UK growth and productivity.

=20

=20

"It may happen faster, so our hope is not 10 years but maybe five," he =
said.

=20

"Whenever anyone gets excited about AI, I want to see it ultimately in =
the economic growth and the GDP growth."

=20

Prime Minister Sir Keir Starmer said the deal would create highly =
skilled jobs "putting more money in people's pockets and ensuring this =
partnership benefits every corner of the United Kingdom".

=20

Mr Nadella compared the economic benefits of the meteoric rise of AI =
with the impact of the personal computer when it became common in the =
workplace, about ten years after it first started scaling in the 1990s.

=20

But there are also growing mutterings that AI is a very lucrative bubble =
that is about to burst.

=20

Mr Nadella conceded that "all tech things are about booms and busts and =
bubbles" and warned that AI should not be "over-hyped or under-hyped".

=20

He acknowledged that its energy consumption remains "very high" but =
argued that its potential benefits, especially in the fields of =
healthcare, public services, and business productivity, were worthwhile.

=20

The campaign group Foxglove has warned that the UK could end up "footing =
the bill for the colossal amounts of power the giants need".

=20

The supercomputer, to be built in Loughton, Essex, was already announced =
by the government in January, but Microsoft has now come on board to the =
project.

=20

Big tech comes to town

Mr Nadella was speaking exclusively to BBC News as Donald Trump arrived =
in the UK on a three-day state visit.

=20

The deal seeks to strengthen ties between the countries on AI, quantum =
computing and nuclear power.

=20

Questions have been asked about what if anything the UK has agreed to =
give in return.

=20

Technology Secretary Liz Kendall told the BBC the deal did not include =
guarantees over scrapping a tax for big tech or on copyright for AI =
companies.

=20

The Digital Services Tax - a 2% levy which raises about =C2=A3800m a =
year mainly from US tech companies - was previously said to be part of =
trade discussions.

=20

But Ms Kendall told the Today programme "that wasn't part of the =
partnership" now agreed.

=20

She also said no guarantees were made to AI companies on copyright, a =
major issue for the UK's creative sector - which has expressed concerns =
its work is being used by AI companies without permission.

=20

Meanwhile, a number of tech companies have pledged billions of pounds in =
investment alongside Microsoft.

=20

Google has promised =C2=A35bn for AI research and infrastructure over =
the next two years.

=20

Nvidia also pledged to develop AI in the UK, which will help fuel =
innovation, economic growth and jobs, a spokesperson for the chip giant =
told the BBC.

=20

The company said that along with its partners it will invest up to =
=C2=A311bn in the UK, in what it called the largest AI infrastructure =
rollout in the country's history.

=20

=20

AI growth zone in north-east England

The government also said there was "potential for more than 5,000 jobs =
and billions in private investment" in north-east England, which has =
been designated as a new "AI growth zone".

=20

Last year, the government announced a =C2=A310bn investment into a data =
centre to be built near Blyth, Northumberland.

=20

It has now announced another data centre project in Northumberland =
dubbed Stargate UK from OpenAI, chipmaker Nvidia, semiconductor company =
Arm and Nscale.

=20

OpenAI boss Sam Altman said Stargate UK would "help accelerate =
scientific breakthroughs, improve productivity, and drive economic =
growth".

=20

However the UK version is a fraction of the firm's US-based Stargate =
project, which OpenAI launched in January with a commitment to invest =
$500bn (=C2=A3367bn) over the next four years building new AI =
infrastructure for itself.

=20

The Tony Blair Institute described the news as a "breakthrough moment" =
but added Britain had some work to do.

=20

Dr Keegan McBride, an emerging tech and geopolitics expert at the =
institute, said that work included "reforming planning rules, =
accelerating the delivery of clean energy projects, and building the =
necessary digital infrastructure" for growth.

=20

Matthew Sinclair, UK director of the Computer & Communications Industry =
Association, hailed the agreement as "a powerful demonstration of the =
scale of the AI opportunity for the UK economy".

=20

But the Conservative Party highlighted that other big international =
companies such as the pharmaceutical giant Merck have recently cancelled =
or delayed their UK expansion plans.

=20

Satya Nadella spoke to BBC News shortly before he and other tech =
leaders, including OpenAI's Sam Altman and Nvidia's Jensen Huang, were =
due to attend the Royal state banquet on Wednesday.

=20

He said he would use Microsoft's AI tool, Copilot, to help him decide =
what to wear.

=20

"I was very surprised that there was a very different dress protocol, =
which I'm really not sure that I'm ready for," he said.-BBC

=20

=20

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=20

Why the US is expected to cut interest rates

After months of economic debate and mounting attacks from US President =
Donald Trump, the US central bank is poised to cut interest rates on =
Wednesday.

=20

The Federal Reserve is widely expected to announce it is lowering the =
target for its key lending rate by 0.25 percentage points. That will put =
it in a range of 4% to 4.25% - the lowest level since late 2022.

=20

The move - the bank's first rate cut since last December - is expected =
to kick off a series of additional reductions in the months ahead, which =
should help bring down borrowing costs across the US.

=20

=20

But they carry a warning about the economy, reflecting increased =
consensus at the Fed that a stalling job market needs a boost in the =
form of lower interest rates.

=20

Nor are they likely to satisfy the president, who has called for far =
deeper cuts.

=20

In many ways, it is no surprise that the Fed, which sets interest rate =
policy independent of the White House, is cutting.

=20

The inflation that ripped through the post-pandemic economy and prompted =
the bank to raise interest rates in 2022 has come down significantly.

=20

In the UK, Europe, Canada and elsewhere, central banks have already =
responded with lower rates, while the Fed's own policymakers have said =
for months that they expected to lower borrowing costs by at least half =
a percentage point this year.

=20

At the Fed's last meeting, two members of the board even backed a cut.

=20

They were outvoted, as other members remained worried that Trump's =
economic policies, including tax cuts, tariffs and mass detentions of =
migrant workers, might cause inflation to flare back up again.

=20

And it's true that the US in recent months has seen inflation tick =
higher. Prices rose 2.9% over the 12 months to August, the fastest pace =
since January, and still above the Fed's 2% target.

=20

But in recent weeks, those concerns have been eclipsed by weakness in =
the labour market. The US reported meagre job gains in August and July =
and an outright loss in June - the first such decline since 2020.

=20

=20

"It really comes down to what we've seen in the jobs market - the =
deterioration that we've seen over the past few months," said Sarah =
House, senior economist at Wells Fargo, which is expecting rates to drop =
by 0.75 percentage points by the end of the year.

=20

"The Fed knows that when the labour market turns, it turns very quickly, =
so they're wanting to make sure they're not stepping on the brakes of =
the economy at the same time the labour market has already slowed."

=20

Though Trump has rejected concerns about economic weakness, the rate cut =
should not be unwelcome to him - he has spent months blasting the Fed's =
hesitance to cut rates, which he says should be as low as 1%.

=20

On social media, he has called Federal Reserve chairman Jerome Powell "a =
real dummy", accusing him of holding back the economy by leaving =
interest rates too high for too long.

=20

"Too Late" MUST CUT INTEREST RATES, NOW, AND BIGGER THAN HE HAD IN MIND. =
HOUSING WILL SOAR!!!" Trump wrote in a social media post this week, =
referring to Powell.

=20

Trump's pressure is not just rhetorical. He moved quickly to install the =
chairman of his Council of Economic Advisers, Stephen Miran, on the Fed =
in time for this week's meeting after a short-term vacancy opened up =
last month.

=20

His administration has also threatened Powell with firing and =
investigation and is locked in a legal battle over its effort to fire =
economist Lisa Cook, another member of the board.

=20

=20

To critics, Trump's moves amount to an assault on the Fed's independence =
that is unprecedented in recent history.

=20

But whatever awkwardness in the air at this week's Fed meeting, analysts =
say they believe the Fed's decision to cut would have come regardless of =
his campaign.

=20

"The president's policies are certainly causing the economic activity =
that is forcing the hand of the Fed," said Art Hogan, chief market =
strategist at B. Riley Wealth.

=20

"The president's jawboning of the Fed to lower rates I think has had =
zero impact whatsoever."-BBC

=20

=20

=20

=20

Trump clashes with Australian journalist over business deals in office

Donald Trump has accused an Australian journalist of "hurting Australia" =
after the leader was asked about his business deals while in office.

=20

The US president was asked by John Lyons from the Australian =
Broadcasting Corporation (ABC) how much wealthier he had become since =
returning to the White House in January.

=20

"I don't know," Trump replied, saying his children handled the family =
businesses. "In my opinion, you are hurting Australia very much right =
now, and they want to get along with me."

=20

Trump said he was going to be meeting Australian Prime Minister Anthony =
Albanese "very soon", adding: "I'm going to tell him about you. You set =
a very bad tone."

=20

=20

When Lyons tried to ask another question, Trump held his index finger to =
his lips before saying "quiet" and moved away to speak to another =
journalist.

=20

For months, Albanese has been seeking a meeting with the US president =
after talks between the pair were cancelled at the last-minute when =
Trump left the G20 summit in June earlier than expected to deal with the =
war in the Middle East.

=20

Albanese - who will be in the US for the UN General Assembly next week - =
told ABC radio on Monday that he and Trump would "see each other in New =
York".

=20

"He's hosting a reception on Tuesday night of next week. And as well, =
we'll see each other at various forums that are taking place between now =
and the end of the year."

=20

Getty Images Donald Trump, mouth open as he's speaking, wearing dark =
suit an red tieGetty Images

Trump said the journalist was "hurting Australia very much"

=20

In recent months, US-Australia relations have become strained since the =
Trump administration announced a review into Aukus, a major submarine =
deal worth =C2=A3176bn ($239bn; A$368bn) between the US, UK and =
Australia which was signed in 2021.

=20

In April, Australia was also hit with a tariff of at least 10% on all =
exports to the US, which Albanese said was "not the act of a friend".

=20

Lyons said after the terse response from Trump that it was an "absurd =
notion" that asking legitimate questions politely would hurt relations =
between the long-time allies.

=20

"For me, it was a perfectly normal thing to do to ask questions that I =
don't think were provocative," he told the ABC, adding his enquiries =
were fair, based on research and not asked in an abusive way.

=20

The ABC said his questions were part of an investigation by their Four =
Corners programme looking into Trump's business dealings since returning =
to office.

=20

Shortly after the tense exchange, a social media post on an official =
White House account showing the response was captioned: Trump "smacks =
down a rude foreign Fake News loser".-BBC

=20

=20

=20

Deal is done to keep TikTok in the US, says Trump

A deal has been made between the US and China to keep TikTok running in =
the US, according to President Donald Trump.

=20

"We have a deal on TikTok, I've reached a deal with China, I'm going to =
speak to President Xi on Friday to confirm everything up," Trump told =
reporters as he left the White House for a state visit to the UK.

=20

The social media platform, which is run by Chinese company ByteDance, =
was told it had to sell its US operations or risk being shut down.

=20

However, Trump has repeatedly delayed the ban since it was first =
announced in January. Later on Tuesday, he ordered the deadline extended =
again, until 16 December.

=20

=20

The US president said a buyer will be announced soon.

=20

The Wall Street Journal reported that under a deal being negotiated =
between the US and China, TikTok's U.S. business would be controlled by =
an investor consortium that would include tech company Oracle, private =
equity firm Silver Lake, and venture capital firm Andreessen Horowitz.

=20

In a new US entity created under the deal, US investors would hold a =
roughly 80% stake and Americans would dominate the board, with one =
member selected by the US government, according to the Journal, which =
cited people familiar with the matter.

=20

US users, meanwhile, would move to a new app, currently in the testing =
phase, that will have content-recommendation algorithms using technology =
licensed from ByteDance. TikTok's algorithms are a top reason for the =
app's success.

=20

Earlier, CNBC reported the deal would include a mix of current and new =
investors, and would be completed in the next 30 to 45 days.

=20

It also said Oracle would keep its existing agreement to host TikTok =
servers inside the US. That had been one of the main concerns of =
American lawmakers, over worries about data being shared with China.

=20

On Monday, a US trade delegation said it had reached a "framework" deal =
with China amid wider trade negotiations in Madrid.

=20

China confirmed a framework agreement but said no deal would be made at =
the expense of their firms' interests.

=20

After the talks, Wang Jingtao, deputy head of China's cyberspace =
administration, suggested in a press conference that the agreement =
included "licensing the algorithm and other intellectual property =
rights".

=20

He added: "The Chinese government will, according to law, examine and =
approve relevant matters involving TikTok, such as the export of =
technology as well as the license use of intellectual property."

=20

=20

After initially calling for TikTok to be banned during his first term, =
Trump has reversed his stance on the popular video-sharing platform.

=20

In January, the US Supreme Court upheld a law, passed in April 2024, =
banning the app in the US unless its Chinese parent company ByteDance =
sold its US arm.

=20

The US Justice Department has said that because of its access to data on =
American users, TikTok poses "a national-security threat of immense =
depth and scale".

=20

However, ByteDance has resisted a sale, maintaining its US operations =
are completely separate, and says no information is shared with the =
Chinese state.

=20

TikTok briefly went dark in January, but this lasted for less than a day =
before the initial ban was delayed.

=20

The deadline for a sale has since been extended four times, and the =
latest delay to the ban is due to end on 16 December.-BBC

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

 Invest Wisely!

Bulls n Bears=20

=20

Cellphone:         +263 71 944 1674 | +27 79 993 5557=20

Email:                <mailto:bulls@bullszimbabwe.com> =
bulls@bullszimbabwe.com

Website:             <http://www.bullszimbabwe.com> =
www.bullszimbabwe.com=20

Blog:                  <http://www.bullszimbabwe.com/blog> =
www.bullszimbabwe.com/blog

Twitter (X):        @bullsbears2010

LinkedIn:           Bulls n Bears Zimbabwe

Facebook:           <http://www.facebook.com/BullsBearsZimbabwe> =
www.facebook.com/BullsBearsZimbabwe

=20

=20

=20

=20

INVESTORS DIARY 2025

=20

Company

Event

Venue

Date & Time

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

=20

Companies under Cautionary

=20

=20

=20

=20

=20

=20

=20

CBZH

GetBucks

EcoCash

=20

Padenga

Econet

RTG

=20

Fidelity

TSL

FMHL

=20

=20

=20

=20

=20

=20

=20

=20

DISCLAIMER: This report has been prepared by Bulls =E2=80=98n 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 =
=E2=80=98n 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.

=20

=20

=20

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

=20

=20

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Power - Committing to Quality for Africa's Green Energy =
Transition<o:p></o:p></span></b></p><p =
if;color:#222222;mso-fareast-language:EN-ZW'>GSK pledges $30bn US =
investment as UK's pharma woes deepen<o:p></o:p></span></b></p><p =
if;color:#222222;mso-fareast-language:EN-ZW'>New AI deal could rapidly =
boost UK economy, says Microsoft boss<o:p></o:p></span></b></p><p =
if;color:#222222;mso-fareast-language:EN-ZW'>Why the US is expected to =
cut interest rates<o:p></o:p></span></b></p><p =
if;color:#222222;mso-fareast-language:EN-ZW'>Trump clashes with =
Australian journalist over business deals in =
office<o:p></o:p></span></b></p><p class=3DMsoListParagraphCxSpLast =
style=3D'font-family:Wingdings;color:#222222;mso-fareast-language:EN-ZW'>=
<span style=3D'mso-list:Ignore'>=C3=BC<span style=3D'font:7.0pt "Times =
New Roman"'>&nbsp; </span></span></span><![endif]><b><span =
if;color:#222222;mso-fareast-language:EN-ZW'>Deal is done to keep TikTok =
in the US, says Trump</span></b><b><span =
age:EN-ZW'><o:p></o:p></span></b></p></td><td width=3D7 =
style=3D'width:4.4pt;padding:0in 0in 0in 0in;height:10.05pt'><p =
class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;line-height:115%;background:white'><a =
'><img border=3D0 width=3D804 height=3D268 id=3D"Picture_x0020_3" =
src=3D"cid:image003.jpg@01DC27D8.FF8E5750"></span></a><b><span =
class=3DMsoNormal align=3Dcenter =
style=3D'text-align:center;line-height:105%'><span =
rowspan=3D3 valign=3Dtop style=3D'width:682.8pt;border:solid #BFBFBF =
style=3D'margin-right:50.35pt;line-height:105%;background:white'><b><span=
 =
age:EN-ZW'>South Africa: Mfuleni Taxi Users Affected by Route =
Ban<o:p></o:p></span></b></p><p class=3DMsoNormal =
style=3D'margin-right:50.35pt;line-height:105%;background:white'><span =
age:EN-ZW'>Some taxi users in Mfuleni have raised their frustrations =
with the shutdown of a route to Somerset West, reports EWN. At least 10 =
taxi routes between Mfuleni and Khayelitsha to Somerset West, Lwandle, =
and Nomzamo have been closed due to violence. This follows deadly =
attacks on taxi operators and commuters linked to a dispute between taxi =
until the warring taxi associations reach a peace =
agreement.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'><o:p>&nbsp;</o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Tiffany Meek, accused of murdering her 11-year-old son =
Jayden-Lee, is set to appear in the Roodepoort Magistrate's Court, =
reports SABC News. Meek was denied bail in July after the state argued =
she killed her son and tried to cover it up. The National Prosecuting =
Authority (NPA) spokesperson Phindi Mjonondwane has said that the court =
is expected to be updated on the progress of the =
investigation.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Lawyers representing communities on the Wild Coast have said =
that their dignity would be affirmed by consultation from oil and gas =
giant Shell before it explores their land for mining, reports EWN. The =
communities and environmental groups approached the Constitutional Court =
to challenge a Supreme Court of Appeal (SCA) ruling that allows Shell to =
pushback.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>More South African news<o:p></o:p></span></p><p =
 =
age:EN-ZW'><o:p>&nbsp;</o:p></span></b></p><p class=3DMsoNormal =
 =
age:EN-ZW'>South Africa: Wild Coast Communities and Environmental =
Organisations Optimistic as Judgment is Reserved in Shell =
Case<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>16 September 2025, Johannesburg: On Tuesday, judgment was =
reserved in the Constitutional Court case brought by communities along =
the Wild Coast and environmental organisations against oil companies, =
Shell and Impact Africa. Both planned to explore for oil and gas off the =
coastline of the Wild Coast based on an exploration right received in =
2014.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Wild Coast communities and environmental organisations =
approached the Constitutional Court arguing that an order of&nbsp; the =
Supreme Court of Appeal&nbsp; (SCA) allowing Shell to renew its =
exploration right was incorrect and should not stand. In 2022, the High =
Court found the right to be unlawful and halted the seismic exploration. =
Shell, Impact Africa and the Minister of Mineral Resources and Energy =
appealed this judgment, and Shell and Impact Africa applied to renew the =
exploration right for the third and final time.<o:p></o:p></span></p><p =
age:EN-ZW'>In May last year, the&nbsp; SCA&nbsp; agreed with the High =
Court judgment, but the SCA took the unusual step of providing Shell an =
opportunity to keep its unlawful right alive through the renewal process =
- and suspended the High Court's order setting aside the right, until =
such time as the a decision is made on the renewal =
application.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>A full day of hearings ended with an air of optimism, as =
arguments on just and equitable remedy took centre stage. Wild Coast =
communities and environmental organisations argued that the SCA judgment =
was not &quot;just and equitable.&quot; An important aspect of the case =
centred on the issue of the lack of meaningful public participation =
before the right was granted.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>In the Constitutional Court, an important argument was raised =
about when public participation can happen - at the stage when the right =
is being renewed, or should it have happened already when the right was =
first applied for. If Shell and Impact Africa are allowed to continue =
with their renewal of their exploration right, would public =
participation at this late stage effectively remedy the original =
deficit?<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Counsel for the communities argued vigorously that suspension =
of the High Court order constituted an unjustifiable dismissal of the =
gravity of the rights violated, and that the order setting aside the =
right should be upheld. Adv Nick Ferreira, representing the =
environmental organisations, argued that the appropriate remedy by the =
SCA would have been to dismiss the appeal and uphold the High Court's =
ruling, saying that we cannot allow this Court to be &quot;a platform =
for unpleaded submissions and for turning back the hands of time&quot;. =
The community objections were based on the defense of their heritage and =
ancestral lands, with Adv Tembeka Ngcukaitobi SC emphasising that =
dignity requires that communities have a platform to express these =
concerns.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>If the Court was inclined to make provision for a new =
consultation process, Ferreira and Ncgukaitobi argued =3Da proper =
restoration of these rights can only be achieved through compelling =
Shell and Impact to commence their application from the =
beginning.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Shell, Impact Africa, and the Minister of Mineral Resources =
argued that allowing public participation during the renewal process, by =
Constitutional rights and environmental laws.<o:p></o:p></span></p><p =
age:EN-ZW'>Shell's Counsel, Adv Adrian Friedman, argued that the =
Constitutional Court has the power to change the terms of the SCA =
remedy, and &quot;panelbeat the SCA order&quot; to ensure proper =
consultation in the renewal process.<o:p></o:p></span></p><p =
age:EN-ZW'>Adv Ngcukaitobi said regarding Shell's failed consultation =
process, &quot;How can they avoid consulting with my clients? Everyone =
in the industry accepts that the renewal is not the place for =
consultation.&quot; He went on to emphasise that corners were cut during =
Impact Africa's consultation process at the expense of =
communities.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Adv Nick Ferreira concluded by asking the rhetorical =
question: Why are Impact and Shell so keen for this Court to =
&quot;panelbeat&quot; the SCA ruling? He said that the answer is obvious =
- they don't want to have to go through the onerous process of =
consultation required by the law. &quot;They want the easy way =
out.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Quotes:<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;Our advocates did a great job of reminding everyone =
that this case is about the dignity of our people - the dignity that =
comes with participation in decisions that directly affect us. And =
furthermore, that this participation must come at the beginning of the =
process of a company applying for an exploration right. We have high =
hopes that the court will affirm our dignity by setting aside the =
application right, and not pander to the attempts of Shell and Impact =
Africa to assert economic gain over the dignity, livelihoods and human =
rights of our coastal fishing communities.&quot; - Sinegugu Zukulu, =
Sustaining the Wild Coast.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;I'm hoping we win this case, and Shell withdraws. We =
need the government to hear the voices of the community.&nbsp; Our ocean =
is not for sale - it's our sacred place, we live and eat from it.&quot; =
- Fefekazi Nozaza, from the Port St Johns =
community.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;We are hopeful that the Constitutional Court will hear =
the plea for Justice from the communities on the Wild Coast. This =
coastline means so much to so many people in South Africa. It is a =
source of their livelihoods, and of a sacred, spiritual and cultural =
connection to their ancestors and their human dignity, and much more =
that is of intangible, incalculable value. For Shell, its only value =
lies in the profit they can extract from its rich waters. This should =
never be allowed to trump the human and environmental rights of our =
people.&quot; - Delme Cupido, Director at Natural =
Justice.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot; It is important for companies, in particular powerful =
multinational corporations, to carry the consequences of their actions. =
The SCA's order potentially gives Shell a free pass despite dismally =
failing to comply with what the law requires for exploration rights. =
That is not the message we should be sending to corporations, in =
particular those in the business of fossil fuel extraction. Not only the =
future of the Wild Coast communities, but of the whole country, depends =
on it.&quot; - Wilmien Wicomb from the Legal Resources =
Centre.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;Today, the Apex Court had the challenging opportunity =
of balancing people versus profit. We've seen this all before. But, this =
time, it feels different. Win or lose, lifeline remedy or not: this case =
has already had a catalytic impact on public participation processes for =
new mining related applications, and for that, these courageous =
communities will go down in history as the ultimate winners in the =
battle for the soul of South Africa's oceans.&quot; - Ricky Stone, =
Cullinans and Associates.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;For too long, &quot;big oil&quot; has undertaken =
cursory public engagement, or side-stepped the process completely and =
deceptively, making the engagement anything but &quot;meaningful&quot;. =
Today the Constitutional Court heard from counsel that using &quot;legal =
engineering&quot; (words of Justice Mothopo) does not absolve =
exploration and prospecting companies from discharging the duty of full =
and proper meaningful engagement. This is the only way to give =
legitimacy and credibility to a permit or licence - a process that =
recognises and respects that the livelihoods, lifestyle, cultural =
observations and dignity of our people cannot be underplayed or =
dismissed.&quot; - Eugene Perumal, Greenpeace =
Africa.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;The march and singing with different organisations =
outside the courtroom demonstrated the importance for coastal =
communities of being part of the Constitutional Court case today. People =
from fishing communities across the country had the chance to share =
their different struggles.&quot; - Siyabonga Ndovela, Wild Coast =
resident<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;Today was a pivotal day for Wild Coast communities, a =
day for their struggle against oil and gas giants to be heard by the =
highest court in the land. After rigorous legal argument in the court, =
and the voices of communities ringing loudest outside the court, we =
trust that the Constitutional Court will put human rights above =
corporate greed to uphold our Constitution.&quot; - Melissa =
Groenink-Groves, Natural Justice<o:p></o:p></span></p><p =
 =
 =
age:EN-ZW'>Nigeria: Our Drivers Earn More Than Graduates - =
Dangote<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;Our drivers earn more than graduates. If you look at =
what they earn in a month, it's almost four times the national minimum =
wage,&quot; Mr Dangote said.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Aliko Dangote, founder and president/chief executive of the =
Dangote Group has revealed that his company's drivers earn significantly =
more than graduates.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Mr Dangote, in a video shared on the TVC X handle on Tuesday, =
made this known in reaction to the allegations made by the Nigeria Union =
of Petroleum and Natural Gas Workers (NUPENG).<o:p></o:p></span></p><p =
age:EN-ZW'>NUPENG had recently accused Mr Dangote and Sayyu Aliu Dantata =
of engaging in alleged anti-union practices. The union claims the =
distribution while suppressing workers' rights.<o:p></o:p></span></p><p =
age:EN-ZW'>At the time, NUPENG said its members would commence a =
nationwide strike from Monday, 8 September in protest against what it =
described as anti-union labour practices, linked to the deployment of =
newly imported Compressed Natural Gas (CNG) trucks by the Dangote =
Refinery, for direct distribution of petroleum =
products.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>NUPENG, whose membership includes petrol tanker drivers, in a =
statement jointly signed by its President, Williams Akhoreha, and =
General Secretary, Afolabi Olawale, alleged that the drivers recruited =
for the CNG trucks are being forced to sign undertakings not to belong =
to any existing union in the oil and gas =
industry.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>At the time, the Nigerian Association of Road Transport =
Owners (NARTO) expressed support for NUPENG in its ongoing struggle =
against the Dangote Group.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>NARTO National President, Othman Yusuf, in a statement, said =
it rejected Dangote's plan for free distribution of petroleum products, =
citing its unsustainability and potential to eliminate independent =
transporters who operate over 30,000 trucks across the =
country.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Similarly, the Nigeria Labour Congress (NLC) backed NUPENG as =
its president, Joe Ajaero, accused the Dangote Group of &quot;exploiting =
Nigerian workers while disregarding their constitutional =
rights.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Dangote reacts<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Speaking in the video, Mr Dangote said the launch of the =
trucks didn't stop anyone from their work, noting that joining NUPENG =
should be voluntary.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>According to him, his drivers earn almost three to four times =
the national minimum wage, with some earning more than many =
graduates.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>He emphasised that the trucks his company launched will =
create 24,000 jobs, with each truck supporting about six people, noting =
that after five years of accident-free driving, drivers can apply for =
housing loans.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;The trucks we launched didn't stop anyone from their =
work. We hear there will be a loss of jobs. Will our tankers be driven =
by robots? Every truck has about six people.<o:p></o:p></span></p><p =
age:EN-ZW'>&quot;So these trucks they are fighting over will create =
24,000 jobs. What we are saying is that our salary is almost three or =
four times their own. After five years of free accidents, a driver can =
apply and get a house loan.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Read the original article on Premium =
Times.<o:p></o:p></span></p><p class=3DMsoNormal =
 =
 =
age:EN-ZW'>Nigeria: Afriland Properties Addresses Fire Incident At Its =
Towers<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>Afriland Towers, a commercial property in one of Lagos =
Island's busiest districts, houses offices and =
businesses.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Afriland Properties Plc confirmed on Wednesday that a fire =
broke out at its headquarters, Afriland Towers, on Broad Street in Lagos =
Island, a day after panicked workers smashed windows for air as smoke =
swept through the six-storey building.<o:p></o:p></span></p><p =
age:EN-ZW'>The company said in a statement by its Head, Marketing and =
Corporate Communications, Chukwunonso Okafor, that the blaze started in =
the building's inverter room before smoke quickly filled multiple =
floors, including emergency exits, even as evacuation procedures were =
being observed.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;From the moment the incident was reported, the Federal =
Fire Service, Lagos State Fire Service and other emergency services were =
promptly alerted and on the scene to contain the fire and coordinate =
rescue efforts. Their swift intervention was instrumental in mitigating =
further damage and managing the situation,&quot; the company =
said.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>It added: &quot;We are deeply saddened by this incident. Our =
thoughts and prayers are with all those impacted, and we extend our =
heartfelt sympathies to their families and loved =
ones.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The company said an immediate investigation had begun and =
that &quot;initial reports indicate, the incident began in the inverter =
room, and, regrettably, smoke spread quickly through the building, =
including the emergency exits even as standard safety protocols were =
being observed during the evacuation.&quot;<o:p></o:p></span></p><p =
age:EN-ZW'>The Lagos State Fire and Rescue Service said nine people were =
rescued from the building on Tuesday. &quot;Five individuals have been =
successfully resuscitated,&quot; Deputy Controller General Ogabi Olajide =
said, adding that several others escaped unhurt while efforts were =
ongoing to revive four others.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Videos posted online showed some occupants leaping onto foamy =
materials spread below, while others clung to ledges until ladders were =
raised for their escape.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>By late afternoon the blaze had been contained, though rescue =
operations and safety checks on the building =
continued.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Afriland Properties said it was working closely with =
authorities and thanked emergency responders, first aid workers and =
members of the public, describing their efforts as =
&quot;heroic.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
 =
 =
 =
age:EN-ZW'>Nigeria: Dangote Narrates Experience in Uber =
Taxi<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>He emphasised the importance of adapting to new technologies =
and developments, stating that failure to do so would render one =
'archaic'<o:p></o:p></span></p><p class=3DMsoNormal =
Dangote Group, has shared an interesting experience he had while riding =
in an Uber taxi in Italy.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Mr Dangote in a video shared on the TVC X handle on Tuesday, =
said while waiting for his driver who was unavailable, his assistant =
called an Uber to take them to a restaurant.<o:p></o:p></span></p><p =
age:EN-ZW'>During the ride, he said he had a conversation with the =
driver about the vehicle. According to him, the driver was nice, =
offering them mint or chewing gum, which he =
declined.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Mr Dangote said he complimented the vehicle, and the driver =
mentioned that it was a Tesla electric car, adding that the driver =
informed him that it costs about =E2=82=AC20 to fully charge the car, =
which allows him to drive approximately 500 =
kilometres.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;I was waiting for my driver and we did not see him in =
Italy on Tuesday and my assistant called an uber. We just got into the =
uber me and him trying to go to a restaurant. The guy was nice to us and =
gave us mint or chew gum if we wanted and I said no thank =
you.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;And I said 'this vehicle is nice' and he said 'Tesla =
electric'. I said 'oh that's good'. He said our electricity is very =
expensive here and I said, 'ok what does it cost' and he said about =
=E2=82=AC20 to fully charge and I said how many kilometres do you run =
and he said 500 so you can see that =E2=82=AC20 for 500 =
kilometres,&quot; Mr Dangote said.<o:p></o:p></span></p><p =
age:EN-ZW'>&quot;So things have changed and all of us will have to keep =
changing because if not, you will become archaic,&quot; he =
added.<o:p></o:p></span></p><p class=3DMsoNormal =
 =
 =
age:EN-ZW'>Ethiopia: Residents of Oromia Region Express Joy Over =
Inauguration of GERD<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>Addis Ababa =E2=80=94 Residents of Oromia Region staged =
public rallies to express their joy over the inauguration of the Grand =
Ethiopian Renaissance Dam (GERD).<o:p></o:p></span></p><p =
age:EN-ZW'>Ethiopia inaugurated its national flagship project, GERD, =
last week in the presence of leaders from Africa and the =
Caribbean.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Following GERD's inauguration, Ethiopians across all regional =
states are expressing their excitement in large =
rallies.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Today, public rallies are being held in various cities in the =
Oromia Regional State under the theme &quot;We have achieved it =
together&quot;.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>During the rallies conducted in Assela town, the Vice =
President of the Oromia Regional State, Awelu Abdi, remarked, &quot;We =
will strive to duplicate the success attained with the Grand Ethiopian =
Renaissance Dam in other peace and development initiatives by uniting =
the community.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Awelu emphasized that the residents of the region have =
consistently backed the success of the GERD through the purchase of =
bonds and various donations.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The Vice President confirmed the government's persistent =
endeavors to replicate the achievements obtained from GERD across other =
development initiatives focused on establishing sustainable peace, =
stabilizing living costs, and enhancing service delivery through the =
coordination of the regional populace.<o:p></o:p></span></p><p =
age:EN-ZW'>He also mentioned the government's continuous initiatives to =
assist those who choose the path of peace in returning to a normal life, =
thereby ensuring enduring peace in the region.<o:p></o:p></span></p><p =
age:EN-ZW'>Moreover, he stated that the regional government will persist =
in enhancing law enforcement measures against individuals who have not =
developmental efforts and attain enduring peace.<o:p></o:p></span></p><p =
age:EN-ZW'>He mentioned that the regional government will intensify its =
oversight of unlawful business operations to stabilize living costs, =
while also increasing the availability of =
age:EN-ZW'>Read the original article on ENA.<o:p></o:p></span></p><p =
 =
 =
age:EN-ZW'>Nigeria: Dangote Refinery Delivers First U.S. Petrol Export =
to 2 Global Oil Traders<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>Two top global oil traders, Vitol and North American fuel =
distributor Sunoco, have received the first U.S. petrol import from =
Dangote refinery.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Reuters reported that the delivery was made on Monday, =
according to vessel-tracking data and two sources familiar with the =
matter.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The delivery of the tanker Gemini Pearl marks a major =
milestone for the 650,000-barrel-per-day Dangote refinery. Energy market =
participants had been waiting to see when its production would start =
meeting strict U.S. motor fuels standards.<o:p></o:p></span></p><p =
age:EN-ZW'>According to one source and ship-tracking data, Vitol =
purchased the Gemini Pearl's cargo of around 320,000 barrels of gasoline =
from Geneva, Switzerland-based Mocoh Oil and sold most of it to Sunoco. =
It was not immediately clear what volume Vitol sold to Sunoco and how =
much it would keep.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The vessel was discharged at Sunoco's Linden facility in the =
New York Harbor area, vessel-tracking data =
showed.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The sources requested anonymity to discuss confidential =
details. Vitol and Sunoco did not immediately respond to requests for =
comment.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Mocoh Oil, which confirmed a partnership with Dangote to =
export products from the refinery earlier this year, did not immediately =
comment outside of business hours in =
Switzerland.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>After a string of startup delays, the Dangote refinery, one =
of the world's biggest, has reshaped global energy flows by ramping up =
output sharply since last year. It is expected to significantly reduce =
Nigeria's fuel imports, while exporting its surplus mainly to =
Europe.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>A second cargo of gasoline from Dangote to the U.S. was sold =
by Glencore to Shell on the vessel MH Daisen, which is set to arrive in =
the New York Harbor area around September 19, one of the sources said =
and ship-tracking data showed.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Glencore declined to comment, and Shell did not immediately =
respond.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Vitol also purchased from Mocoh a third cargo of gasoline =
made by the Dangote refinery, with the vessel Seaexplorer set to deliver =
that in the New York Harbor area around September 22, the sources =
age:EN-ZW'>The sources said the destination of the undelivered cargoes =
could change based on market conditions.<o:p></o:p></span></p><p =
age:EN-ZW'>While the cargoes support expectations that the Dangote =
refinery is set to sharply alter global energy trade, they are likely to =
be the only ones for a while. Industry monitor IIR Energy said earlier =
this month that the refinery's gasoline-producing unit could be shut for =
two to three months for repairs.<o:p></o:p></span></p><p =
age:EN-ZW'>Dangote did not respond to Reuters' earlier requests for =
comment on the outage.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Read the original article on =
Leadership.<o:p></o:p></span></p><p class=3DMsoNormal =
 =
 =
age:EN-ZW'>Nigeria: Lawmaker Demands Continuous Audit of Special =
Economic Programme<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>A Member of the National Assembly (NASS) has called for =
financial auditing and strict oversight to secure the future of =
Nigeria's National Growth and Knowledge Sharing (NG-CARES) =
initiative.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>At a national retreat on NG-CARES in Katsina State, the =
member representing Akwanga/Wamba/Nasarawa Eggon Federal Constituency =
and deputy chairman of the Public Accounts Committee, Hon. Jeremiah =
Umaru, said the programme's success depends on continuous auditing and =
full transparency.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;There must be a deliberate effort to ensure proper =
auditing and accountability,&quot; Umaru declared, adding that both the =
House of Representatives Committee on NG-CARES and state governments =
must carry out proper oversight to prevent misuse of =
funds.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The lawmaker linked sound auditing to the programme's =
sustainability, urging that companies be required to dedicate a =
percentage of their profits before or after tax, directly to NG-CARES =
projects.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>This earmarked funding, he explained, would give every state =
a clear budget line for community initiatives.<o:p></o:p></span></p><p =
age:EN-ZW'>Other participants at the retreat echoed the call for strong =
financial controls, stressing the need for coordinator capacity =
building, inclusive sensitisation campaigns, more awareness campaigns on =
the programme, and a community-driven development approach to complement =
the proposed audit measures.<o:p></o:p></span></p><p class=3DMsoNormal =
 =
 =
 =
age:EN-ZW'>Nigeria: Reforms in Oil, Gas Sector Have Delivered $18bn Fdps =
in 2025 - NUPRC<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>The Chief Executive of the Nigerian Upstream Petroleum =
Regulatory Commission (NUPRC), Gbenga Komolafe, has said that the =
country's reform agenda delivered 28 Field Development Plans (FDPs) =
valued at $18.2 billion in investment commitments in 2025 =
alone.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The commitments, he said, are also expected to unlock 1.4 =
billion barrels of oil and 5.4 TCF of gas, adding an expected 591,000 =
barrels of oil per day and 2.1 billion SCFD of gas and boosting the =
country's aspiration to deliver over 3 million bpd in oil =
output.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Komolafe spoke yesterday at the ongoing Africa Oil Week (AOW) =
in Accra, Ghana, even as he attributed these feats to President Bola =
Tinubu's renewed hope vision, a statement by the NUPRC's Head, Media and =
Strategic Communications, Eniola Akinkuotu, =
stated.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The commission's chief executive, whose presentation was =
titled: 'Nigeria's Competitive Reform Agenda for Unlocking Potentials in =
Upstream Oil &amp; Gas,' reiterated the importance of energy security as =
the cornerstone of economic growth, national resilience, and shared =
prosperity in Africa.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>He said Nigeria's new energy regime under the Petroleum =
Industry Act (PIA), 2021, ushered in a new era of governance, fiscal =
reform, and institutional realignment.<o:p></o:p></span></p><p =
age:EN-ZW'>Komolafe said the NUPRC, which is birthed under the new =
regime, has shown itself as a dedicated and forward-thinking regulator, =
explaining that in nearly four years, the commission has rolled out 24 =
operationalise key provisions of the PIA.<o:p></o:p></span></p><p =
age:EN-ZW'>According to him, the NUPRC has unveiled a comprehensive =
Regulatory Action Plan (RAP), aligned with the PIA, to tackle regulatory =
licensing rounds.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>He said the initiatives of the commission have delivered =
results, including raising rig counts from eight in 2021 to 43 as of =
September 2025.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>He said: &quot;In 2025 alone, the commission has approved 28 =
new field development plans, unlocking 1.4 billion barrels of oil and =
5.4 TCF of gas, adding an expected 591,000 barrels of oil per day and =
2.1 BSCFD of gas. These FDPs, with $18.2 billion in CAPEX commitments, =
underscore Nigeria's transformation into one of the most dynamic and =
attractive upstream investment frontiers in the =
world.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;Other results include the $5 billion FID for the Bonga =
North deep offshore development and the $500 million Ubeta Gas Project =
signal renewed long-term commitments, with additional FIDs expected in =
projects like HI NAG Development, Ima Gas, Owowo Deep Offshore, and =
Preowei Fields.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The CCE said, since taking office, Tinubu has also approved =
five major acquisition deals worth over $5 billion, unlocking =
opportunities for ambitious indigenous players.<o:p></o:p></span></p><p =
age:EN-ZW'>He noted that recent bid rounds and concession awards, =
including the 57 Petroleum Prospecting License (PPL) awards in 2022, the =
2022 mini-bid round, and the 2024 licensing round, were executed with =
unprecedented transparency and competitiveness, drawing exceptional =
investor participation.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>He explained how optimising signature bonus requirements and =
removing barriers to entry ensured wider accessibility, resulting in 27 =
out of 31 blocks offered in 2024 being successfully taken up. According =
to him, these developments are laying a strong foundation for fresh =
investments and accelerated sectoral growth.<o:p></o:p></span></p><p =
age:EN-ZW'>&quot;With the PIA as our foundation, reinforced by bold =
Presidential Executive Orders and transformative regulatory initiatives, =
we are not just opening our doors to investment; we are building a =
world-class upstream oil and gas environment that rewards ambition, =
innovation, and responsibility,&quot; Komolafe =
age:EN-ZW'>Meanwhile, Nigeria's Minister of State for Petroleum =
Resources (Oil), Senator Heineken Lokpobiri, has reaffirmed the =
country's leadership role in advancing Africa's energy security, calling =
for deeper regional integration.<o:p></o:p></span></p><p =
age:EN-ZW'>Speaking at the ongoing Africa Oil Week (AOW) 2025 =
Ministerial and CEO Leadership Forum in Ghana, Lokpobiri stressed that =
integration remains the most effective strategy to end Africa's energy =
poverty.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>He noted that shared infrastructure, harmonised standards, =
and technical expertise will enable the continent to secure its energy =
future, a statement in Abuja by the minister's Special Adviser on Media =
and Communication, Nneamaka Okafor, said.<o:p></o:p></span></p><p =
age:EN-ZW'>Lokpobiri highlighted Africa's heavy reliance on imports, =
revealing that the continent spends over $120 billion annually on =
hydrocarbon imports. &quot;This is capital flight. These funds should =
remain within Africa to fuel our own development priorities,&quot; the =
minister stated.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The minister emphasised that the real challenge is not access =
to capital but the lack of aligned regulatory frameworks and fiscal =
regimes. &quot;Investors make long-term decisions based on stability and =
investment,&quot; he said.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>As part of Nigeria's leadership drive, Lokpobiri announced =
the creation of a West African Reference Market (WARM)--an initiative to =
leverage Nigeria's growing refining capacity to supply petroleum =
products across West Africa and beyond.<o:p></o:p></span></p><p =
age:EN-ZW'>On the global energy transition, he clarified that the Paris =
Agreement does not require abandoning fossil fuels, but rather a =
reduction in emissions. &quot;Africa contributes only 3 per cent of =
global CO2. We cannot lead an energy transition when we don't even have =
energy. Our priority must be to responsibly harness our abundant =
resources to power growth,&quot; he added.<o:p></o:p></span></p><p =
age:EN-ZW'>Besides, Lokpobiri urged African nations to unite around a =
shared purpose: &quot;Africa has the market, the population, and the =
resources. What we need now is to keep value within our continent and =
finance our own energy future,&quot; he =
maintained.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Read the original article on This =
Day.<o:p></o:p></span></p><p class=3DMsoNormal =
 =
 =
age:EN-ZW'>Africa: Huawei Digital Power - Committing to Quality for =
Africa's Green Energy Transition<o:p></o:p></span></b></p><p =
age:EN-ZW'>As governments worldwide intensify efforts to cut greenhouse =
gas emissions, respond to the climate crisis, and secure reliable energy =
undergoing a profound and accelerated =
transformation.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>At the center of this shift is the rise of green energy, =
particularly renewable sources such as solar, wind, and hydropower, =
which are no longer peripheral alternatives but central pillars of =
national energy strategies. This momentum is reinforced by rapid =
technological advances, declining costs of renewable generation, and =
growing recognition that clean energy is not only a climate imperative =
but also a driver of economic resilience, energy independence, and =
industrial competitiveness. The transition to green energy has therefore =
become an essential path for sustainable development, shaping how =
countries invest, innovate, and collaborate to meet both environmental =
and economic goals.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>In this interview, Philippe WANG, president of Digital Power, =
H uawei&nbsp; Northern Africa (North, West and Central Africa), shares =
the company=E2=80=99s approach to =E2=80=9Chigh-quality=E2=80=9D =
deployment, what that means in practice, and how it aligns with the =
region=E2=80=99s opportunities and challenges.<o:p></o:p></span></p><p =
age:EN-ZW'>M r . Wang, you mentioned the &quot;commitment to high =
quality.&quot; What does this commitment mean for the energy industry in =
Africa?<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>In Africa, the shift to green energy is not just a =
technological step; it is a responsibility. The continent faces some of =
the toughest conditions anywhere: salty coastal air, temperature above =
50=C2=B0C in some regions, and fine desert dust that can cut equipment =
efficiency by up to 30% if systems are not well designed &amp; =
maintained. Without robust design, equipment fails more often, costs =
more to maintain, and lets people down when it matters most. Our =
High-quality systems are built for these realities. They last longer, =
work more reliably, and need less maintenance which makes the transition =
more climate-resilient.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Quality also speaks to urgent human needs. Around 600 million =
people in sub-Saharan Africa still lack electricity, and many others =
face routine outages.&nbsp; The impact is felt across public services =
and critical infrastructure: as of 2021, only 28% of healthcare =
facilities had reliable power; in education, a 2025 study found that 32% =
of school-age children live near unelectrified schools. In many =
countries, hospitals, banks, airports and other essential services =
operate under the constant risk of blackout, relying on costly diesel =
backup. High-quality green energy solutions such as PV power generation =
and grid forming energy storage systems can address this by providing =
stable, continuous electricity etc. This not only strengthens =
communities but also supports the development of local =
economies.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>When I talk about a =E2=80=9Ccommitment to high =
quality,=E2=80=9D I mean building systems that people and employers can =
depend on for years, not quarters. The point is simple: make the =
transition deliver lasting benefits, lower lifetime costs, low failure =
rate, and a stronger foundation for communities and local =
age:EN-ZW'>You mentioned that Africa's climate and environmental =
variability impose high demands on energy equipment. How does Huawei =
address these challenges?<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>To meet those demands, testing sits at the core of our =
quality strategy at Huawei Digital Power. We test complete systems, not =
just parts. The process runs in four stages: component, system, solution =
and semi-realistic simulation, each to strict standards. We then verify =
years in complex environments.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>We back this with sustained R&amp;D: in 2024, 20.8% of annual =
revenue was reinvested in R&amp;D of innovative technologies such as AI =
and foundational technologies, thus offering high-quality and =
competitive products and solutions. That keeps our equipment reliable in =
the field and aligned with customer needs.<o:p></o:p></span></p><p =
age:EN-ZW'>The Salam Office project in Chad shows what this looks like =
in practice. It has an installed solar PV capacity of 300 kWp, paired =
with 1 MWh of energy storage systems, to store energy for use after =
sunset or during grid cuts. Huawei 50 kW inverters convert the solar =
power into electricity the campus can use. Since its launch in November =
2024, the system has covered most of the site=E2=80=99s daily =
electricity needs and has operated for several months in conditions with =
temperatures reaching up to 45 =C2=B0C. It is a commercial and =
industrial setup that can operate with or without the national grid, =
clear evidence that stable, high-quality power is achievable in extreme =
conditions.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Power supply in Africa faces instability challenges, =
particularly in remote areas. How does Huawei ensure that its =
grid&nbsp;&nbsp; forming&nbsp; energy storage systems maintain high =
quality and stable operation in these =
environments?<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>In remote areas, storage has to be safe and steady first, day =
and night. Our grid&nbsp;&nbsp; forming&nbsp; energy storage systems =
(ESS) are built so that if a single battery cell overheats, the issue is =
confined to its module and does not spread to the rest of the modules. =
We call this pack-level thermal-runaway non-propagation. Additionally, =
we use a layered battery management system (BMS), the control center, =
that detects temperature, voltage and current, balances cells, and can =
switch a module off to protect the whole. In practice: a cell overheats; =
the BMS detects it; fire-resistant barriers and venting isolate the =
module; the rest keeps running. That=E2=80=99s what lets remote sites =
ride out heatwaves, voltage dips and long grid outages while power stays =
on.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>We also combine four core technologies, what we call 4T, to =
keep storage stable in tough conditions and reduce the diagnosis error =
rate. BiT adds digital control and analytics for early fault detection =
and remote diagnostics; WatT brings high-efficiency power electronics =
that stabilize charging and discharging; HeaT manages temperature =
precisely, so cells stay within safe ranges in hot or humid climates; =
BatTery covers balancing, state-of-charge and state-of-health, which =
protects cycle life. This convergence is the point: one system, managed =
=E2=80=9Ccommunicate=E2=80=9D to each other.<o:p></o:p></span></p><p =
age:EN-ZW'>This ensures that we can provide a continuous power supply in =
complex environments, supporting Africa's green energy transition and =
meeting the region=E2=80=99s need for long-term stable =
electricity.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>What is your vision for the sustainable development of new =
energy in the future?<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>My vision starts with long-termism. The sustainable =
development of new energy will be a profound and steady transformation. =
True high quality is not about technological leadership at one moment in =
time or in one market; it is about building solutions that withstand the =
test of time in changing environments.<o:p></o:p></span></p><p =
age:EN-ZW'>For me, that means being a partner, not just a passing =
supplier. We commit for the full life of a project from planning and =
financing structures that work over time, to operations, maintenance, =
and upgrade paths that don=E2=80=99t force clients to start from =
scratch. The goal is simple: low failure rate, low maintenance costs, =
and an optimized cost per kilowatt-hour as assets =
age.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Long-termism is also an economic choice. It ensures that the =
develop without being held back by fragile =
infrastructure.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>This is the role I see for Huawei Digital Power in Northern =
Africa: a stable, accountable partner whose solutions provide a solid =
foundation for the energy transition and the momentum to drive it into =
the future, specifically supporting the long-term energy goals of the =
region.<o:p></o:p></span></p><p class=3DMsoNormal =
 =
 =
age:EN-ZW'>GSK pledges $30bn US investment as UK's pharma woes =
deepen<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>British pharmaceutical firm GSK has pledged to invest $30bn =
(=C2=A322bn) in research and manufacturing in the US over the next five =
years.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Announced at the start of US President Donald Trump's visit =
to the UK, the money will fund the development of next-generation =
factories, artificial intelligence (AI) and research labs in the US, =
said GSK.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>British Prime Minister Sir Keir Starmer said the investment =
was a &quot;powerful example&quot; of collaboration between the =
countries and would create new jobs and boost drug =
development.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The move comes as drugmakers face pressure from the Trump =
administration to move production to the US.<o:p></o:p></span></p><p =
age:EN-ZW'>GSK said in a statement that $1.2bn would be allocated to =
build a new factory in Pennsylvania to develop medicines for respiratory =
diseases and cancer. Construction is planned to start next =
year.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The money will also fund new AI and digital technology tools =
across GSK's five American manufacturing sites, including those in North =
Carolina and Maryland.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The rest of the $30bn investment will support GSK's supply =
chain and drug research efforts, the company =
age:EN-ZW'>Chief executive Emma Walmsley said GSK plans to keep =
investing in its UK manufacturing base and will continue spending over =
=C2=A31.5bn yearly on research and development from the =
age:EN-ZW'>GSK is the latest pharma firm to have either reduced spending =
in the UK or diverted it to the US, which has threatened tariffs as =
steep as 250% on pharmaceutical imports.<o:p></o:p></span></p><p =
age:EN-ZW'>Threats to the sector have caused major disruption, with =
drugmakers pausing or cancelling nearly =C2=A32bn in planned investments =
in Britain this year.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Last week, US pharmaceutical company Merck - known as MSD in =
Europe - announced it would scrap its =C2=A31bn London research centre. =
Shortly after, AstraZeneca halted its planned =C2=A3200m expansion of =
its research facilities in Cambridge.-BBC<o:p></o:p></span></p><p =
 =
 =
 =
age:EN-ZW'>New AI deal could rapidly boost UK economy, says Microsoft =
boss<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>Microsoft says its new $30bn (=C2=A322bn) investment in the =
UK's AI sector - its largest outside the US - should significantly boost =
Britain's economy in the next few years.<o:p></o:p></span></p><p =
age:EN-ZW'>The package forms a major part of a =C2=A331bn agreement, =
dubbed the &quot;Tech Prosperity Deal&quot;, between the UK government =
and several US tech giants as part of President Donald Trump's second =
state visit to the UK.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The deal will see Google, Nvidia and others invest in =
British-based infrastructure to support AI, largely in the form of data =
centres. Microsoft will also now be involved in the creation of a =
powerful new supercomputer in Essex.<o:p></o:p></span></p><p =
age:EN-ZW'>Microsoft CEO Satya Nadella told the BBC he expected AI =
investment to drive UK growth and productivity.<o:p></o:p></span></p><p =
age:EN-ZW'>&quot;It may happen faster, so our hope is not 10 years but =
maybe five,&quot; he said.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;Whenever anyone gets excited about AI, I want to see it =
ultimately in the economic growth and the GDP =
growth.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Prime Minister Sir Keir Starmer said the deal would create =
highly skilled jobs &quot;putting more money in people's pockets and =
ensuring this partnership benefits every corner of the United =
Kingdom&quot;.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Mr Nadella compared the economic benefits of the meteoric =
rise of AI with the impact of the personal computer when it became =
common in the workplace, about ten years after it first started scaling =
in the 1990s.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>But there are also growing mutterings that AI is a very =
lucrative bubble that is about to burst.<o:p></o:p></span></p><p =
age:EN-ZW'>Mr Nadella conceded that &quot;all tech things are about =
booms and busts and bubbles&quot; and warned that AI should not be =
&quot;over-hyped or under-hyped&quot;.<o:p></o:p></span></p><p =
age:EN-ZW'>He acknowledged that its energy consumption remains =
&quot;very high&quot; but argued that its potential benefits, especially =
in the fields of healthcare, public services, and business productivity, =
were worthwhile.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The campaign group Foxglove has warned that the UK could end =
up &quot;footing the bill for the colossal amounts of power the giants =
need&quot;.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The supercomputer, to be built in Loughton, Essex, was =
already announced by the government in January, but Microsoft has now =
come on board to the project.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Big tech comes to town<o:p></o:p></span></p><p =
age:EN-ZW'>Mr Nadella was speaking exclusively to BBC News as Donald =
Trump arrived in the UK on a three-day state =
visit.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The deal seeks to strengthen ties between the countries on =
AI, quantum computing and nuclear power.<o:p></o:p></span></p><p =
age:EN-ZW'>Questions have been asked about what if anything the UK has =
agreed to give in return.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Technology Secretary Liz Kendall told the BBC the deal did =
not include guarantees over scrapping a tax for big tech or on copyright =
for AI companies.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The Digital Services Tax - a 2% levy which raises about =
=C2=A3800m a year mainly from US tech companies - was previously said to =
be part of trade discussions.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>But Ms Kendall told the Today programme &quot;that wasn't =
part of the partnership&quot; now agreed.<o:p></o:p></span></p><p =
age:EN-ZW'>She also said no guarantees were made to AI companies on =
copyright, a major issue for the UK's creative sector - which has =
expressed concerns its work is being used by AI companies without =
permission.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Meanwhile, a number of tech companies have pledged billions =
of pounds in investment alongside Microsoft.<o:p></o:p></span></p><p =
age:EN-ZW'>Google has promised =C2=A35bn for AI research and =
infrastructure over the next two years.<o:p></o:p></span></p><p =
age:EN-ZW'>Nvidia also pledged to develop AI in the UK, which will help =
fuel innovation, economic growth and jobs, a spokesperson for the chip =
giant told the BBC.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The company said that along with its partners it will invest =
up to =C2=A311bn in the UK, in what it called the largest AI =
infrastructure rollout in the country's history.<o:p></o:p></span></p><p =
 =
 =
age:EN-ZW'>AI growth zone in north-east =
England<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>The government also said there was &quot;potential for more =
than 5,000 jobs and billions in private investment&quot; in north-east =
England, which has been designated as a new &quot;AI growth =
zone&quot;.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Last year, the government announced a =C2=A310bn investment =
into a data centre to be built near Blyth, =
Northumberland.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>It has now announced another data centre project in =
Northumberland dubbed Stargate UK from OpenAI, chipmaker Nvidia, =
semiconductor company Arm and Nscale.<o:p></o:p></span></p><p =
age:EN-ZW'>OpenAI boss Sam Altman said Stargate UK would &quot;help =
accelerate scientific breakthroughs, improve productivity, and drive =
economic growth&quot;.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>However the UK version is a fraction of the firm's US-based =
Stargate project, which OpenAI launched in January with a commitment to =
invest $500bn (=C2=A3367bn) over the next four years building new AI =
infrastructure for itself.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The Tony Blair Institute described the news as a =
&quot;breakthrough moment&quot; but added Britain had some work to =
do.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Dr Keegan McBride, an emerging tech and geopolitics expert at =
the institute, said that work included &quot;reforming planning rules, =
necessary digital infrastructure&quot; for =
growth.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Matthew Sinclair, UK director of the Computer &amp; =
Communications Industry Association, hailed the agreement as &quot;a =
powerful demonstration of the scale of the AI opportunity for the UK =
economy&quot;.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>But the Conservative Party highlighted that other big =
international companies such as the pharmaceutical giant Merck have =
recently cancelled or delayed their UK expansion =
plans.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Satya Nadella spoke to BBC News shortly before he and other =
tech leaders, including OpenAI's Sam Altman and Nvidia's Jensen Huang, =
were due to attend the Royal state banquet on =
Wednesday.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>He said he would use Microsoft's AI tool, Copilot, to help =
him decide what to wear.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;I was very surprised that there was a very different =
dress protocol, which I'm really not sure that I'm ready for,&quot; he =
said.-BBC<o:p></o:p></span></p><p class=3DMsoNormal =
 =
 =
age:EN-ZW'>Why the US is expected to cut interest =
rates<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>After months of economic debate and mounting attacks from US =
President Donald Trump, the US central bank is poised to cut interest =
rates on Wednesday.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The Federal Reserve is widely expected to announce it is =
lowering the target for its key lending rate by 0.25 percentage points. =
That will put it in a range of 4% to 4.25% - the lowest level since late =
2022.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The move - the bank's first rate cut since last December - is =
expected to kick off a series of additional reductions in the months =
ahead, which should help bring down borrowing costs across the =
US.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>But they carry a warning about the economy, reflecting =
increased consensus at the Fed that a stalling job market needs a boost =
in the form of lower interest rates.<o:p></o:p></span></p><p =
age:EN-ZW'>Nor are they likely to satisfy the president, who has called =
for far deeper cuts.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>In many ways, it is no surprise that the Fed, which sets =
interest rate policy independent of the White House, is =
cutting.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The inflation that ripped through the post-pandemic economy =
and prompted the bank to raise interest rates in 2022 has come down =
significantly.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>In the UK, Europe, Canada and elsewhere, central banks have =
already responded with lower rates, while the Fed's own policymakers =
have said for months that they expected to lower borrowing costs by at =
least half a percentage point this year.<o:p></o:p></span></p><p =
age:EN-ZW'>At the Fed's last meeting, two members of the board even =
backed a cut.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>They were outvoted, as other members remained worried that =
Trump's economic policies, including tax cuts, tariffs and mass =
detentions of migrant workers, might cause inflation to flare back up =
again.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>And it's true that the US in recent months has seen inflation =
tick higher. Prices rose 2.9% over the 12 months to August, the fastest =
pace since January, and still above the Fed's 2% =
target.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>But in recent weeks, those concerns have been eclipsed by =
weakness in the labour market. The US reported meagre job gains in =
August and July and an outright loss in June - the first such decline =
since 2020.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;It really comes down to what we've seen in the jobs =
market - the deterioration that we've seen over the past few =
months,&quot; said Sarah House, senior economist at Wells Fargo, which =
is expecting rates to drop by 0.75 percentage points by the end of the =
age:EN-ZW'>&quot;The Fed knows that when the labour market turns, it =
turns very quickly, so they're wanting to make sure they're not stepping =
on the brakes of the economy at the same time the labour market has =
already slowed.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Though Trump has rejected concerns about economic weakness, =
the rate cut should not be unwelcome to him - he has spent months =
blasting the Fed's hesitance to cut rates, which he says should be as =
low as 1%.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>On social media, he has called Federal Reserve chairman =
Jerome Powell &quot;a real dummy&quot;, accusing him of holding back the =
economy by leaving interest rates too high for too =
long.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;Too Late&quot; MUST CUT INTEREST RATES, NOW, AND BIGGER =
THAN HE HAD IN MIND. HOUSING WILL SOAR!!!&quot; Trump wrote in a social =
media post this week, referring to Powell.<o:p></o:p></span></p><p =
age:EN-ZW'>Trump's pressure is not just rhetorical. He moved quickly to =
install the chairman of his Council of Economic Advisers, Stephen Miran, =
on the Fed in time for this week's meeting after a short-term vacancy =
opened up last month.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>His administration has also threatened Powell with firing and =
economist Lisa Cook, another member of the =
board.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>To critics, Trump's moves amount to an assault on the Fed's =
independence that is unprecedented in recent =
history.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>But whatever awkwardness in the air at this week's Fed =
meeting, analysts say they believe the Fed's decision to cut would have =
come regardless of his campaign.<o:p></o:p></span></p><p =
age:EN-ZW'>&quot;The president's policies are certainly causing the =
economic activity that is forcing the hand of the Fed,&quot; said Art =
Hogan, chief market strategist at B. Riley =
Wealth.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;The president's jawboning of the Fed to lower rates I =
think has had zero impact whatsoever.&quot;-BBC<o:p></o:p></span></p><p =
 =
 =
 =
age:EN-ZW'>Trump clashes with Australian journalist over business deals =
in office<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>Donald Trump has accused an Australian journalist of =
&quot;hurting Australia&quot; after the leader was asked about his =
business deals while in office.<o:p></o:p></span></p><p =
age:EN-ZW'>The US president was asked by John Lyons from the Australian =
returning to the White House in January.<o:p></o:p></span></p><p =
age:EN-ZW'>&quot;I don't know,&quot; Trump replied, saying his children =
handled the family businesses. &quot;In my opinion, you are hurting =
Australia very much right now, and they want to get along with =
me.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Trump said he was going to be meeting Australian Prime =
Minister Anthony Albanese &quot;very soon&quot;, adding: &quot;I'm going =
to tell him about you. You set a very bad =
tone.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>When Lyons tried to ask another question, Trump held his =
index finger to his lips before saying &quot;quiet&quot; and moved away =
to speak to another journalist.<o:p></o:p></span></p><p =
age:EN-ZW'>For months, Albanese has been seeking a meeting with the US =
president after talks between the pair were cancelled at the last-minute =
when Trump left the G20 summit in June earlier than expected to deal =
with the war in the Middle East.<o:p></o:p></span></p><p =
age:EN-ZW'>Albanese - who will be in the US for the UN General Assembly =
next week - told ABC radio on Monday that he and Trump would &quot;see =
each other in New York&quot;.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;He's hosting a reception on Tuesday night of next week. =
And as well, we'll see each other at various forums that are taking =
place between now and the end of the year.&quot;<o:p></o:p></span></p><p =
age:EN-ZW'>Getty Images Donald Trump, mouth open as he's speaking, =
wearing dark suit an red tieGetty Images<o:p></o:p></span></p><p =
age:EN-ZW'>Trump said the journalist was &quot;hurting Australia very =
much&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>In recent months, US-Australia relations have become strained =
since the Trump administration announced a review into Aukus, a major =
submarine deal worth =C2=A3176bn ($239bn; A$368bn) between the US, UK =
and Australia which was signed in 2021.<o:p></o:p></span></p><p =
age:EN-ZW'>In April, Australia was also hit with a tariff of at least =
10% on all exports to the US, which Albanese said was &quot;not the act =
of a friend&quot;.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Lyons said after the terse response from Trump that it was an =
&quot;absurd notion&quot; that asking legitimate questions politely =
would hurt relations between the long-time =
allies.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;For me, it was a perfectly normal thing to do to ask =
questions that I don't think were provocative,&quot; he told the ABC, =
adding his enquiries were fair, based on research and not asked in an =
abusive way.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The ABC said his questions were part of an investigation by =
their Four Corners programme looking into Trump's business dealings =
since returning to office.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Shortly after the tense exchange, a social media post on an =
official White House account showing the response was captioned: Trump =
&quot;smacks down a rude foreign Fake News =
loser&quot;.-BBC<o:p></o:p></span></p><p class=3DMsoNormal =
 =
 =
age:EN-ZW'>Deal is done to keep TikTok in the US, says =
Trump<o:p></o:p></span></b></p><p class=3DMsoNormal =
age:EN-ZW'>A deal has been made between the US and China to keep TikTok =
running in the US, according to President Donald =
Trump.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>&quot;We have a deal on TikTok, I've reached a deal with =
China, I'm going to speak to President Xi on Friday to confirm =
everything up,&quot; Trump told reporters as he left the White House for =
a state visit to the UK.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The social media platform, which is run by Chinese company =
ByteDance, was told it had to sell its US operations or risk being shut =
down.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>However, Trump has repeatedly delayed the ban since it was =
first announced in January. Later on Tuesday, he ordered the deadline =
extended again, until 16 December.<o:p></o:p></span></p><p =
age:EN-ZW'>The US president said a buyer will be announced =
soon.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The Wall Street Journal reported that under a deal being =
negotiated between the US and China, TikTok's U.S. business would be =
controlled by an investor consortium that would include tech company =
Oracle, private equity firm Silver Lake, and venture capital firm =
Andreessen Horowitz.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>In a new US entity created under the deal, US investors would =
hold a roughly 80% stake and Americans would dominate the board, with =
one member selected by the US government, according to the Journal, =
which cited people familiar with the matter.<o:p></o:p></span></p><p =
age:EN-ZW'>US users, meanwhile, would move to a new app, currently in =
the testing phase, that will have content-recommendation algorithms =
using technology licensed from ByteDance. TikTok's algorithms are a top =
reason for the app's success.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>Earlier, CNBC reported the deal would include a mix of =
current and new investors, and would be completed in the next 30 to 45 =
days.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>It also said Oracle would keep its existing agreement to host =
TikTok servers inside the US. That had been one of the main concerns of =
American lawmakers, over worries about data being shared with =
China.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>On Monday, a US trade delegation said it had reached a =
&quot;framework&quot; deal with China amid wider trade negotiations in =
Madrid.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>China confirmed a framework agreement but said no deal would =
be made at the expense of their firms' =
interests.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>After the talks, Wang Jingtao, deputy head of China's =
cyberspace administration, suggested in a press conference that the =
agreement included &quot;licensing the algorithm and other intellectual =
property rights&quot;.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>He added: &quot;The Chinese government will, according to =
law, examine and approve relevant matters involving TikTok, such as the =
export of technology as well as the license use of intellectual =
property.&quot;<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>After initially calling for TikTok to be banned during his =
first term, Trump has reversed his stance on the popular video-sharing =
platform.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>In January, the US Supreme Court upheld a law, passed in =
April 2024, banning the app in the US unless its Chinese parent company =
ByteDance sold its US arm.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>The US Justice Department has said that because of its access =
to data on American users, TikTok poses &quot;a national-security threat =
of immense depth and scale&quot;.<o:p></o:p></span></p><p =
age:EN-ZW'>However, ByteDance has resisted a sale, maintaining its US =
operations are completely separate, and says no information is shared =
with the Chinese state.<o:p></o:p></span></p><p class=3DMsoNormal =
age:EN-ZW'>TikTok briefly went dark in January, but this lasted for less =
than a day before the initial ban was delayed.<o:p></o:p></span></p><p =
age:EN-ZW'>The deadline for a sale has since been extended four times, =
and the latest delay to the ban is due to end on 16 =
December.-BBC<o:p></o:p></span></p><p class=3DMsoNormal =
style=3D'line-height:105%;background:white'><span =
age:EN-ZW'><o:p>&nbsp;</o:p></span></p></td><td width=3D7 =
td></tr><tr style=3D'height:10.05pt'><td width=3D7 =
class=3DMsoNormal style=3D'line-height:105%;background:white'><span =
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style=3D'font-size:10.0pt;line-height:105%;font-family:"Verdana",sans-ser=
if;color:black;mso-fareast-language:EN-ZW'>Invest =
Wisely!</span></i><span =
style=3D'mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p =
class=3DMsoNormal style=3D'line-height:105%;background:white'><b><span =
if;color:black;mso-fareast-language:EN-ZW'>Bulls n Bears =
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style=3D'font-size:10.5pt;line-height:105%;font-family:"Courier =
New";color:black;mso-fareast-language:EN-ZW'><o:p>&nbsp;</o:p></span></p>=
<p class=3DMsoNormal style=3D'line-height:105%;background:white'><span =
style=3D'font-size:10.5pt;line-height:105%;font-family:"Verdana",sans-ser=
if;color:black;mso-fareast-language:EN-ZW'>Cellphone:&nbsp;&nbsp;&nbsp; =
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if;color:black;mso-fareast-language:EN-ZW'>Email:&nbsp;&nbsp;&nbsp;&nbsp;=
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if;color:black;mso-fareast-language:EN-ZW'>LinkedIn:&nbsp;&nbsp;&nbsp;&nb=
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</a><span =
class=3DMsoNormal style=3D'text-indent:33.35pt;line-height:105%'><img =
border=3D0 width=3D278 height=3D115 id=3D"_x0000_i1028" =
src=3D"cid:image004.png@01DC27D8.FF8E5750"><span =
class=3DMsoNormal style=3D'line-height:105%'><o:p>&nbsp;</o:p></p><p =
style=3D'mso-margin-top-alt:auto;margin-left:.5in;line-height:115%;backgr=
ound:white'><b><span =
age:EN-ZW'><o:p>&nbsp;</o:p></span></b></p></td><td width=3D7 =
td></tr><tr><td width=3D1138 colspan=3D4 =
style=3D'font-family:"Verdana",sans-serif'><o:p>&nbsp;</o:p></span></p><p=
 class=3DMsoNormal style=3D'line-height:105%'><strong><span =
style=3D'font-family:"Verdana",sans-serif;color:#345883'>INVESTORS DIARY =
2025</span></strong><span =
td></tr><tr style=3D'height:3.25pt'><td width=3D219 =
style=3D'width:131.3pt;border:solid #BFBFBF =
5.4pt;height:3.25pt'><p class=3DMsoNormal =
style=3D'text-indent:12.6pt;line-height:105%'><b><span =
style=3D'font-family:"Verdana",sans-serif'>Company</span></b><span =
 width=3D259 =
style=3D'width:155.5pt;border-top:none;border-left:none;border-bottom:sol=
id #BFBFBF 1.0pt;border-right:solid #BFBFBF =
1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p =
class=3DMsoNormal style=3D'line-height:105%'><b><span =
style=3D'font-family:"Verdana",sans-serif'>Event</span></b><span =
 width=3D441 =
style=3D'width:264.7pt;border-top:none;border-left:none;border-bottom:sol=
style=3D'font-family:"Verdana",sans-serif'>Venue</span></b><span =
 width=3D219 valign=3Dbottom =
style=3D'width:131.3pt;border-top:none;border-left:none;border-bottom:sol=
style=3D'font-family:"Verdana",sans-serif'>Date &amp; =
Time</span></b><span =
 width=3D7 style=3D'width:4.4pt;padding:0in 0in 0in =
0in;height:3.25pt'><p class=3DMsoNormal style=3D'line-height:105%'><span =
td></tr><tr style=3D'height:3.25pt'><td width=3D219 valign=3Dtop =
style=3D'line-height:105%'><o:p>&nbsp;</o:p></p></td><td width=3D259 =
style=3D'font-size:10.0pt;line-height:105%;font-family:"Trebuchet =
MS",sans-serif'><o:p>&nbsp;</o:p></span></p></td><td width=3D441 =
style=3D'line-height:105%'><o:p>&nbsp;</o:p></p></td><td width=3D219 =
valign=3Dtop =
MS",sans-serif'><o:p>&nbsp;</o:p></span></p></td><td width=3D7 =
style=3D'width:4.4pt;padding:0in 0in 0in 0in;height:3.25pt'><p =
style=3D'margin-left:1.0in;text-indent:-1.0in;line-height:105%'><span =
td></tr><tr style=3D'height:3.25pt'><td width=3D478 colspan=3D2 =
valign=3Dtop style=3D'width:286.8pt;border:solid #BFBFBF =
1.0pt;border-top:none;background:#D9D9D9;padding:0in 5.4pt 0in =
5.4pt;height:3.25pt'><p class=3DMsoBodyText =
style=3D'margin:0in;margin-bottom:.0001pt;line-height:105%'><b><span =
style=3D'font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-ser=
if;color:black'>Companies under =
Cautionary<o:p></o:p></span></b></p></td><td width=3D441 =
1.0pt;background:#D9D9D9;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p =
class=3DMsoBodyText =
if;color:black'><o:p>&nbsp;</o:p></span></b></p></td><td width=3D219 =
valign=3Dbottom =
if;color:black'><o:p>&nbsp;</o:p></span></b></p></td><td width=3D7 =
style=3D'margin:0in;margin-bottom:.0001pt;line-height:105%'><span =
if'><o:p>&nbsp;</o:p></span></p></td><td width=3D441 =
if'><o:p>&nbsp;</o:p></span></p></td><td width=3D219 valign=3Dbottom =
if'><o:p>&nbsp;</o:p></span></p></td><td width=3D7 =
if'>CBZH<o:p></o:p></span></p></td><td width=3D441 =
if'>GetBucks<o:p></o:p></span></p></td><td width=3D219 valign=3Dbottom =
if'>EcoCash<o:p></o:p></span></p></td><td width=3D7 =
if'>Padenga<o:p></o:p></span></p></td><td width=3D441 =
if'>Econet<o:p></o:p></span></p></td><td width=3D219 valign=3Dbottom =
if'>RTG<o:p></o:p></span></p></td><td width=3D7 =
if'>Fidelity<o:p></o:p></span></p></td><td width=3D441 =
if'>TSL<o:p></o:p></span></p></td><td width=3D219 valign=3Dbottom =
if'>FMHL<o:p></o:p></span></p></td><td width=3D7 =
td></tr><tr style=3D'height:99.35pt'><td width=3D1138 colspan=3D4 =
1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:99.35pt'><p =
class=3DMsoBodyText align=3Dcenter =
style=3D'margin:0in;margin-bottom:.0001pt;text-align:center;line-height:1=
05%'><a href=3D"mailto:info@bulls.co.zw"><span lang=3DEN-ZW =
'><img border=3D0 width=3D804 height=3D268 id=3D"Picture_x0020_2" =
src=3D"cid:image005.jpg@01DC27D8.FF8E5750"></span></a><span =
if'><o:p></o:p></span></p></td><td width=3D7 =
style=3D'width:4.4pt;padding:0in 0in 0in 0in;height:99.35pt'><p =
1.0pt;border-top:none;background:#1F497D;padding:0in 5.4pt 0in 5.4pt'><p =
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f'><o:p>&nbsp;</o:p></span></i></p></td><td width=3D7 =
f;color:white'>DISCLAIMER: This report has been prepared by Bulls =
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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 =E2=80=98n 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&nbsp; Indices quoted herein are for guideline purposes only and d =
from third parties.</span></i><i><span =
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class=3DMsoNormal style=3D'line-height:105%'><i><span lang=3DEN-GB =
f;color:white'><o:p>&nbsp;</o:p></span></i></p></td><td width=3D7 =
class=3DMsoNormal style=3D'line-height:105%'><span lang=3DEN-GB =
style=3D'mso-fareast-language:EN-ZW'>&nbsp;(c) 2025 Web: </span><a =
href=3D"http://www.bullszimbabwe.com"><span lang=3DEN-GB =
style=3D'mso-fareast-language:EN-ZW'>www.bullszimbabwe.com</span></a><spa=
n lang=3DEN-GB style=3D'mso-fareast-language:EN-ZW'> Email: </span><a =
href=3D"mailto:bulls@bullszimbabwe.com"><span lang=3DEN-GB =
style=3D'mso-fareast-language:EN-ZW'>bulls@bullszimbabwe.com</span></a><s=
pan lang=3DEN-GB style=3D'mso-fareast-language:EN-ZW'> Tel: +27 79 993 =
5557 | +263 71 944 1674</span><span =
style=3D'mso-fareast-language:EN-ZW'><o:p></o:p></span></p></td><td =
td></tr><tr><td width=3D1138 colspan=3D4 valign=3Dbottom =
f'><o:p>&nbsp;</o:p></span></p></td><td width=3D7 =
td></tr></table></div><p class=3DMsoNormal><o:p>&nbsp;</o:p></p><p =
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