Domestic
The Ministry of Commerce is impressed that there is an increase in the number of locally produced goods being sold in chain stores operating in the country. Read more: ZNBC
The International Monetary Fund has advised the Zambian Government to avoid contracting new non-concessional debt. Read more: Lusaka Times
Tourism and Arts Minister Charles Banda has clarified that government only implemented a service tax charge in the hotel industry following a request by unions in the sector. Read more: ZNBC
International
As Nigeria grapples with socio-economic challenges, thE IMF, tasked the Federal Government and its fiscal policy authority to keep inflation down while growing non-oil revenue in order to sustain growth of the economy. Read more: MSN
British interest rate increases could be “more frequent” than expected if the economy performs as the Bank of England is expecting, governor Mark Carney says. Read more: BBC
Barclays isn’t giving up on its Wall Street dreams just yet. The British bank on Thursday scored a big victory over an activist investor who has been waging a campaign to shrink its investment banking division. Read more: CNN
Tesla Inc seeks to raise up to $2.3 billion in new capital from investors. Read more: Reuters