Domestic
Tanzania and Zambia plan to build a refined products pipeline to transport petroleum between the two countries at a cost of $1.5 billion, Tanzania’s Energy minister said on Tuesday. Read more: Reuters
Zambia will cancel or delay more approved project loans in a bid to reduce its fiscal deficit and reign in debt service payments, Finance Minister Margaret Mwanakatwe said on Tuesday. Read more: Reuters
Honorable Margaret Mwanakatwe announced that the Ministry of Finance is working on ensuring that the accumulation of international reserves is solidified and built back while addressing the higher demand for Foreign exchange vis-a-vis supply in the market. Read more: ZNBC
Vedanta’s Chairman Anil Agarwal said on Wednesday he was prepared to invest in increasing Zambian copper production to 400,000 tonnes. Read more: Yahoo Finance
International
The Senate on Tuesday approved a $266 million loan request for developmental projects in Niger State. Read more: MSN
Since 2009 the stock market has suffered a three-week losing streak 18 times. A month later stocks bounce back, according to a CNBC analysis of Kensho, a data tool used by Wall Street banks and hedge funds to uncover profitable trades from market history. Read more: Yahoo Finance
Boeing’s 737 Max is unlikely to return to commercial service until August in the wake of two deadly crashes, according to the head of the industry’s trade body. Read more: Financial Times
Energy market investors are “clearly” underestimating the potential impact of sustained fighting in Libya, analysts told CNBC on Wednesday. Read more: CNBC