Daily FiZ – Wednesday 12/06
Economy

Domestic
The World Food Programme-WFP- Executive Board has approved Zambia’s strategic Plan for 2019-2024 at a cost of 76 million united states dollars. Read more: ZNBC

Euronext, minority shareholders of ZCCM-IH, says government’s move to arbitrarily liquidate Vedanta Resources’ Konkola Copper Mines (KCM) Plc was hastily done without preparation. Read more: Diggers

Barclays Bank UK says China is unlikely to give the Zambian government comprehensive debt relief as there is little incentive to do so. Read more: The Business Telegraph

The impending Sales Tax will subject Zambians to even worse economic hardships than what is being experienced now, the Zambia Tax Platform (ZTP) has warned. Read more: Diggers

International
Kenya Airways has announced the launch of non-stop flights to Cape Town. Read more: Business Chief

Members of the Organization of the Petroleum Exporting Countries are close to reaching an agreement on extending production cuts, the energy minister of the United Arab Emirates said on Tuesday. Read more: Reuters

A “dramatic” fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show. Read more: BBC

The UK risks losing its position as a world leader in mobile connectivity, Britain’s mobile operators are warning. In a draft letter to Cabinet Secretary Mark Sedwill, operators will urge the government to clarify its position over Huawei. Read more: BBC

 

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