Domestic
Zambian President Edgar Lungu said on Friday those investing in Africa to reap the benefits without paying their dues were not welcome in Zambia, according to a statement issued by the presidency’s office. Read more: Reuters
The Ecobank Group has announced that it successfully issued a $500 Million Eurobond on the London Stock Exchange. Read more: Lusaka Times
Lusaka Central Member of Parliament Margaret Mwanakatwe has urged Small and Medium Enterprises to invest in insurance to protect their businesses. Read more: ZNBC
Construction of the six million United States Dollars Fruit Processing Plants in North Western and Eastern Provinces will start next year. Read more: ZNBC
International
India has said that, from Sunday, it will impose tariffs on 28 US products, including almonds and apples. Read more: BBC News
Nigeria’s central bank said on Friday it will close the bank accounts of firms caught smuggling into the country any goods for which access to foreign exchange has been restricted. Read more: Africa News
Goldman Sachs economists said on Sunday they are skeptical of “insurance” U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions. Read more: Reuters