Domestic
The British government urged Zambia to declare a food emergency to allow donors to provide assistance after the worst drought in nearly four decades hit farm output and left millions of people facing hunger. Read more: Bloomberg
Mopani Copper Mines in Zambia has closed two shafts at its Nkana mine, the company said on Thursday, a move that an opposition leader said had led to 1,400 job losses. Read more: Reuters
The United Nations High Commission for Refugees (UNHCR) has launched the Community Connectivity Fund to Improve Digital Financial Services in Maheba Refugee Settlement. Read more: ZNBC
The Centre for Trade Policy and Development (CTPD) has advised government put the re-launch of the national airline on hold till Zambia is in a better macroeconomic position. Read more: Lusaka Times
International
MTN Group Ltd has raised 2.1 billion rand ($140.24 million) from asset sales as part of a divestment plan announced in March, Africa’s largest mobile network by subscribers said on Thursday after reporting a 9.3% drop in earnings. Read more: Africa News
Uber’s shares went into reverse on Thursday after the taxi-hailing company unveiled profit figures that failed to live up to expectations. Revenue growth slowed in face of heavy competition, leading to the company posting its largest quarterly loss. Read more: BBC News
President Donald Trump’s decision to levy a 10% tariff on another $300 billion of imports from China will not impact Adidas shoe prices for consumers, the company’s CEO Kasper Rorsted said. Read more: CNBC
Amazon has grand plans to deliver packages to its customers via autonomous drones but first it needs to get clearance. Read more: CNN