Top Story
Zambeef this week announced the appointment of Faith Mukutu as its new CFO of the food retailing company effective 1st September 2019, according to sources close to the matter. Read more
Domestic Business and Finance
The Zambia Revenue Authority (ZRA) says it has managed to collect over 37 million Kwacha as revenue from January to July 2019. Read more: ZNBC
The government has reaffirmed its commitment towards embracing digital technology in an effort to accelerate economic growth in the country. Read more: Lusaka Times
International Business and Finance
Zimbabwe now has a new National Investment Policy (NIP) through which President Emmerson Mnangagwa’s government pledges to stop policy flip flopping, respect property rights as well as protect and promote foreign direct investment, among other things. Read more: MSN
The UK is at risk of slipping into recession, according to a closely watched survey of industry managers. The dominant services sector grew only slightly in August, the purchasing managers’ index (PMI) from IHS Markit/CIPS suggests. Read more: BBC News
Huawei has accused the US government of “using every tool at its disposal” to disrupt its business. In a press release on Tuesday, the Chinese tech giant said the US had launched cyber-attacks to infiltrate its networks and was threatening its employees. Read more: Wall Street Journal
Despite the drought that ravaged Zimbabwe during the 2018/19 agricultural season, the southern African country still managed to produce a record-breaking tobacco output, reaching 257 547 838 kilograms as at August 30, 2019. Read more: Fin24
Germany’s top banker has a warning for Europe’s central bank: another interest rate cut could do more harm than good. Read more: CNN
The world’s largest investment banks have had their worst start to a year since 2006, according to the latest data published by industry analyst Coalition on Thursday. Read more: Reuters
The British pound tumbled on Tuesday to the lowest level against the dollar in almost three years, as the UK faces a possible general election amid Brexit turmoil. Read more: Fin24
Gold will surge above $1 600 an ounce as the Federal Reserve embarks on a quartet of interest rate cuts to combat slowing US growth and the fallout from the trade war with China. Read more: Fin24
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