Domestic
Huawei employees stationed in Uganda and Zambia have helped the Ugandan and Zambian governments spy on their political opponents, which has led to the opponents’ arrests in both countries, the Wall Street Journal reports. Read more: Business Insider
The National Democratic Congress has appealed to the geological survey department to conduct a new exploration on gold deposits in the North Western province. Read more: Lusaka Times
A delegation of 30 South African investors visiting Zambia on a trade mission have pledged to invest in rail, road, steal, manufacturing and mining on the Copperbelt. Read more: Zambia Reports
Zambia’s President Edgar Lungu met with the chairman of Vedanta Resources to discuss the disputed liquidation of its Konkola Copper Mines, a statement issued by the Zambian State House said on Wednesday. Read more: Reuters
The Zambian government said on Wednesday that it will soon come up with standardized models and costing for constructing public infrastructure. Read more: Xinhua
International
Nigeria’s President Muhammadu Buhari has told the centralbank to stop providing funding for food imports, his spokesman said in a statement on Tuesday, a move that has raised questions about the bank’s independence. Read more: Africa News
Ethiopia and China have announced the continuation of their partnership, to build a new US$300 million industrial park to be located in Adama city. Construction could commence as early as the end of 2019, says Economic and Commercial Counsellor at the Chinese Embassy in Ethiopia, Liu Yu. Read more: Business Chief
Five big economies are at risk of recession. It won’t take much to push them over the edge. Read more: CNN
Warren Buffett’s Berkshire Hathaway has been loading up on shares of Amazon. Berkshire upped its stake in the e-commerce giant by 11%, the Omaha, Nebraska-based holding company revealed in a government filing Wednesday. Read more: CNBC