Domestic
Bloomberg reports that Zambia’s credit profile is constrained by it high debt burden which will increase even more, Moody’s Investors Service said. Read more: Lusaka Times
ZESCO Managing Director Officer Victor Mundende has justified the 91% average retail electricity tariff hike proposal. Read more: Lusaka Times
In an effort to bridge access to finance gap for entrepreneurs, Citizens Economic Empowerment Commission (CEEC) has disbursed about K2.8 million in the first quarter of this year to various sectors. Read more: Daily Mail
International
A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and deliver Model 3s and higher margin electric cars on time, Wall Street analysts said on Thursday. Read more: Reuters
Amazon announced that it made a record $3.6 billion in profit for the first three months of 2019, more than doubling from $1.6 billion in the year prior. Read more: CNN
Microsoft has seen its stock market value top $1 trillion after reporting better-than-expected sales and profits. Read more: BBC
World leaders are gathering in Beijing from Thursday for a summit on China’s Belt and Road initiative amid growing criticism of the project. Read more: BBC