Story of the Day:
Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) and market participants are advised by way of update of the ongoing key strategic and operational activities in the Company as outlined below. Read more
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The Zambia Revenue Authority -ZRA has recorded an improvement in revenue collection. Revenue in September was above K400 million while October was above K500 million with November collections standing above K890 million. Read more: ZNBC
President Edgar Lungu has appealed for foreign direct investment from Saudi Arabia into Zambia. And president Lungu has said relations between Zambia and Saudi Arabia have grown from strength to strength and created opportunities for steady economic partnerships. Read more: Zambia Reports
The Embassy of the United States is partnering with the Government of the Republic of Zambia to strengthen regulatory oversight and improve fiscal governance in the country’s vital mining sector. Read more: Lusaka Times
ZESCO Limited has named supply chain management expert Mwelwa Chibwe as board chairman. Currently serving as President & Chairman of the Zambia Institute of Purchasing and Supply (ZIPS) while simultaneously sitting on the ZESCO Ltd and Procurement Director for Millennium Challenge Account. Read more: The Business Telegraph
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U.S. Congress reached a deal Sunday on a $900 billion coronavirus relief package, a long-delayed effort to boost an American health-care system and economy buckling under the weight of the pandemic. Read more: CNBC
Britain insisted on Sunday that the European Union should shift position to open the way for a breakthrough in post-Brexit trade talks, with health minister Matt Hancock saying on Sunday the bloc should drop its “unreasonable demands”. Read more: CNBC
The head of Europe’s aviation safety agency, EASA, has told the BBC he is “certain” Boeing’s 737 Max is now safe to fly. Executive Director Patrick Ky said his organisation had “left no stone unturned” in its review of the aircraft and its analysis of design changes made by the manufacturer. Read more: BBC News
China kept its benchmark lending rate for corporate and household loans unchanged at its December fixing on Monday, as expected, although improving economic fundamentals have raised speculation about a rate hike next year. Read more: Reuters
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There were no trades recorded on Friday. The LuSE All Share Index (LASI) maintained its close at 3,937.35 points, as there were no share price movements. The market closed on a capitalization of K57,617,254,395 including Shoprite Holdings and K23,378,048,415 excluding Shoprite Holdings.
Chart of the Day: