Daily FiZ – Wednesday 10/07
Economy

Domestic
Local Government Minister Vincent Mwale has disclosed that government is introducing ICT systems that will enable marketers pay money directly into the council account through a phone (mobile money) or bank card to avoid collection of hard cash by unscrupulous people which ends up depriving the council the much needed revenue. Read more: Zambian Business Times

According to Financial Times, Zambia has stoked fears among businesses about the rule of law following government’s plans to sell KCM. Read more: Zambian Observer

Economic Association of Zambia -EAZ- President Lubinda Haabazoka says the forth coming National Economic summit will be used to market the country’s investment potential. Read more: Lusaka Times

The Ministry of Finance has paid 90% of debt owed to small and medium scale contractors. Read more: ZNBC

International
President of the African Export-Import Bank (Afreximbank), Benedict Oramah on Monday in Niamey, Niger addressed the 12th Extraordinary Summit of African Union (AU) Heads of State, announcing a series of initiatives to support the implementation of the Agreement for the African Continental Free Trade Area. Read more: Africa News

An interest rate reduction by the Federal Reserve, if it were to happen, probably wouldn’t lead to a big increase in stocks, the chief U.S. equity strategist at Goldman Sachs told CNBC yesterday. Read more: CNBC

China’s car sales rose for the first time in a year last month, but the world’s largest market remains stuck in a deep slump that shows little sign of ending soon as the country’s massive economy slows. Read more: CNN

Top U.S. trade officials spoke with their Chinese counterparts Tuesday as Washington and Beijing work to iron out a trade deal. Read more: CNBC

 

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