Domestic
President of the Economics Association of Zambia Lubinda Habaazoka has suggested that Zambia should nationalize some mines without compensation. Read more: Lusaka Times
The Private Sector Development Association (PSDA) has advised government to consider using the Chinese yuan instead of the United States dollar as a mode to grow the country’s foreign reserve. Read more: Zambian Observer
Zambia Revenue Authority (ZRA) Corporate Communications Manager Topsy Sikalinda says the Authority has put in place strategies to enable the authority collect tax from the informal sector. Read more: ZNBC
International
According to a company press release, PepsiCo today announced that it has made an offer for one of South Africa’s largest producers and distributors of food and beverage products, Pioneer Foods. Read more: Africa Business Chief
Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in sight to shortages that are helping drive inflation rapidly higher and which have led to protests about the cost of living. Read more: Africa News
Trading on China’s new Nasdaq-style stock market got off to a spectacular start Monday as investors sent share prices soaring, creating several new tech billionaires in the process. Read more: CNN
The Brexit deadlock has undermined efforts to boost the UK economy, the chairman of the government’s Industrial Strategy Council has told Newsnight. Read more: BBC News
A decision on whether controversial Chinese firm Huawei should be excluded from the rollout of 5G mobile phone networks in the UK has been postponed. Read more: BBC News
Interest rate cuts might come too late to save an economy that is dangerously close to slipping into recession, according to Morgan Stanley economists. Read more: CNBC