Daily FiZ – Tuesday 13/08
Economy

Domestic
The Indian firm Nava Bharat Ventures Group operating the 300 Megawatt Maamba Coal Power Plant in Sinazongwe District says over $900 million has been invested to enable the plant run on full capacity. Read more: Lusaka Times

The US Trade and Development Agency has awarded a grant to Upepo Energy Zambia Limited, a Zambian energy solutions company, to fund a feasibility study for a 150MW wind, solar and energy storage hybrid power plant project in northern Zambia. Read more: African Review

International
Two oil companies have discovered the first oil deposit in the northern part of the Republic of Congo. Read more: Africa News

Africa’s largest oil refinery will not be finished until the end of 2020 due to problems importing steel and other equipment, executives at Dangote, which is building the facility in the Nigerian commercial hub of Lagos, told Reuters. Read more: Africa News

One of the UK’s biggest consultancies has ousted the head of its financial services consulting division, following a probe into alleged misconduct. Read more: BBC

To Goldman Sachs CEO David Solomon, the current economic environment doesn’t feel like the pre-crisis days of August 2007. But he identifies at least one thing that could cause the economy to go off track. Read more: CNN

China’s central bank is nearly ready to issue its own sovereign digital currency, according to a senior official. Read more: CNBC

Shares of Uber continued to sink on Monday, posting their lowest close ever, after the company reported disappointing second-quarter results last week. The stock dropped 7.6% to $37.00, falling below its previous low of $37.10 on May 13. Read more: CNBC

 

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