Daily FiZ – Wednesday 26/06
Economy

Domestic
Mines Permanent Secretary Paul Chanda says the discovery of oil and gas in Zambia can change the country’s economic fortunes. Read more: ZNBC

The Industrial Development Corporation -IDC- has reaffirmed its commitment to set up a multi-fruit processing plant in North-western Province at a cost of US$4 million. Read more: ZNBC

The Chinese government has written-off more than US$22 million as part of debt that Zambia owes the Asian country to reduce the debt burden. Read more: Zambian Observer

FDD President Edith Nawakwi has proposed that the Manganese mining must be given to the Zambia National Service to run the business. Read more: Lusaka Times

International
Vodacom Group is offloading its Vodacom Business Africa (VBA) assets in four markets as it moves to streamline its operations in Africa and focus on its core mobile network operations across the continent. Read more: Techmoran

Zimbabwe President Emmerson Mnangagwa has defended the latest economic move in the country with the ban on use of foreign currencies as announced by the finance minister on Monday. Read more: Africa News

Some of America’s richest people are urging US presidential candidates to back a wealth tax on the super-rich to improve inequality and climate change. Read more: BBC News

Federal Reserve Chairman Jerome Powell stressed the central bank’s independence in a speech Tuesday that comes amid continuous pressure from the White House to cut interest rates. Read more: CNBC

US delivery company FedEx has filed a lawsuit against the US government, arguing that it should not be required to enforce federal government export bans. Read more: CNN

Facebook’s hopes of launching a new virtual currency have suffered another blow, as two more financial regulators said on Tuesday they are paying close attention to the social media company’s plans. Read more: Financial Times 

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