Domestic
Zambia’s economy is projected to grow by around 2.5% this year, down from an initial projection of almost 4%, Finance Minister Bwalya Ng’andu said on Thursday. Read more: Reuters
A Chinese firm on Wednesday launched an ethanol processing plant in central Zambia, which the government says will go a long way in helping the country tackle fuel problems and reduce poverty. Read more: China.org
Zambia’s newly-appointed top envoy to South Africa has pledged to ensure the implementation of bilateral agreements between the two countries to promote mutually beneficial trade and investment. Read more: CAJ Africa News
Luapula Province Minister Nickson Chilangwa says the long awaited Chienge Salt project will kick start at the end of this month. Read more: The Independent Observer
Tourism and Arts Minister Ronald Chitotela has advised tour operators in the country to create packages that encourage and support Zambians to visit various tourism sites. Read more: ZNBC
International
Credit ratings and data giant Moody’s Corp., -0.78% is taking a major stake in California-based Four Twenty Seven, betting on tougher investor and policy-maker scrutiny of the climate risks that leave companies and government entities increasingly exposed to once-unforeseen costs and opportunities. Read more: Market Watch
Kenya’s shilling dropped to 104.05 to 20 per dollar on Thursday, its lowest level in almost two years, traders said. Read more: Africa News
Japanese car giant Nissan has said it will cut 12,500 jobs around the world, more than double the amount previously announced. It will reduce its production capacity and the number of models it produces by 10% by the end of 2022, but it did not say where the cuts will fall. Read more: Wall Street Journal
Boeing is warning that it might have to halt production of the 737 Max if grounding continues much longer. Read more: BBC News
Barclays is proving to be one of the early winners from the woes of German rival Deutsche Bank. The British bank, run by ex-J.P. Morgan executive Jes Staley, has persuaded hedge fund clients with $20 billion in balances at Deutsche Bank to move to Barclays. Read more: CNBC