Domestic
A South African court ordered Zambia to halt plans to liquidate and sell copper mines controlled by Indian billionaire Anil Agarwal pending arbitration in a dispute that’s rattled investors. The Zambian government said it would appeal the ruling. Read more: Bloomberg
Conquest Mining Contractors has been given a mineral trading permit by the Ministry of Mines to legally trade in all minerals. Read more: The Independent Observer
Finance Minister Bwalya Ng’andu says the Zambian private sector should take advantage of the $750 million financing facility offered by the African Development Bank. Read more: The Independent Observer
Zambia’s Finance Minister Bwalya Ng’andu and his Rwandese counterpart Uzziel Ndagijimana have said Africa’s Great Lakes Region need a business summit. Their said that the business summit will tackle the optimization of economic and business prospects among member countries. Read more: The Independent Observer
International
India’s central bank has cut interest rates for a fourth time this year, slashing its key lending rate to the lowest level in nine years in a bid to support the country’s faltering economy. Read more: CNN
Gold rose to its highest level in more than six years on Wednesday as concerns about the global economy made the precious metal and other traditional safe havens more attractive than riskier assets like stocks. The metal also caught a bid as the amount of negative-yielding bonds keeps growing. Read more: CNBC
The UK food industry has asked the government to waive aspects of competition law to allow firms to co-ordinate and direct supplies with each other after a no-deal Brexit. The Food and Drink Federation (FDF) said it repeatedly asked ministers for clarity on a no-deal scenario. Read more: BBC News