Daily FiZ – Tuesday 10/06

First Quantum Minerals paid more than US$533 million (K5.6 billion) in taxes to the Zambian government in 2018, with an additional US$10 million spent on community and infrastructure projects. Read more: The Independent Observer

Government has announced that it will approve Copperbelt Energy Corporation’s application to start importing electricity from South Africa. Read more: Zambian Observer

Commerce Minister Christopher Yaluma has allayed fears that ratifying the African Continental Free Trade Area may result into Zambia becoming a dumping ground of exported goods. Read more: ZNBC

A number of African countries are holding up funds by airline operators as a result of foreign exchange crunch, the International Air Transport Association, IATA, has disclosed. Read more: Africa News

Zimbabwe still plans to engage with SA power utility Eskom in an effort to boost electricity imports despite the board of the Zimbabwe Electricity Supply Authority (Zesa) being fired last week for ‘incompetence’. Read more: Fin24

Zimbabwe may consider withdrawing from the Convention on International Trade in Endangered Species (CITES) because the organisation won’t allow it to sell its ivory stockpile. Read more: Sydney Morning Herald

Donald Trump, the US president, has warned Xi Jinping, his Chinese counterpart, that a new round of tariffs would be levied on the country’s goods if the two leaders failed to meet at the G20 summit in Japan, as trade tensions continued to simmer between Washington and Beijing. Read more: Financial Times

Goldman Sachs was the Saudi market’s top broker by trading volumes and value in May, stock exchange data showed, as foreign banks benefited from a surge of international money into the kingdom. Read more: Reuters


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