Story of the Day:
Zambia’s amethyst and emeralds have received positive feedback from the Ghanaian jewelry market. Read more
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Mines Minister, Richard Musukwa says Zambia’s procurement value chain for the mining sector is about US$4 billion. Read more: ZNBC
President Edgar Lungu says Zambia is poised to be one of the leading exporters of Non-Traditional Exports in the region. Read more: ZNBC
Airtel Networks Zambia Plc has redefined video streaming experience for its subscribers by launching Airtel TV. Read more: Africa Business Communities
The Zambia Cooperative Federation (ZCF) will engage agro dealers across the country to enhance financial access points especially in rural areas. Read more: Zambia Daily Mail
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Zambian Capital Markets have few competent experts to provide adequate demanded services to all investors as per needs and this affects the development of markets. Read more
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U.S. national debt and sustained federal budget deficits will hit the highest levels since World War II over the next decade, the Congressional Budget Office projected on Tuesday, following multiple rounds of tax cuts and continued increases in federal spending. Read more: CNBC
Airbus is set to pay €3.6 billion in penalties to regulators in the UK, France and the US to settle a long-running bribery and corruption probe into its use of middle men to win international sales. Read more: Financial Times
The UK has decided to let Huawei continue to be used in its 5G networks but with restrictions, despite pressure from the US to block the firm. Read more: BBC News
Apple posted record earnings of 9% for the last three months of 2019 on the back of the iPhone’s resurgence. Read more: CNN
Cash-strapped state carrier South African Airways (SAA) will receive 3.5 billion rand ($244 million) of emergency funding from the government-owned Development Bank of Southern Africa, the airline’s business rescue practitioners said on Tuesday. Read more: Reuters
The International Monetary Fund forecast that Ethiopia’s economy will grow at 6.2% in the 2020 fiscal year, it said in a statement on Tuesday, well below the government forecast of 10.8% but in line with World Bank estimates. Today News Africa
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In 3 trades recorded yesterday, 600 shares were transacted, yielding a market turnover of K4,804. A share price gain of K0.01 was recorded in Zambia Breweries. The LuSE All Share Index (LASI) closed at 4,255.55 points. 0.03% up from its previous close of 4,254.24 points. The market closed on a capitalization of K56,516,311,713 including Shoprite Holdings and K22,277,105,733 excluding Shoprite Holdings.
Chart of the Day: