Domestic
Securities Exchange Commission -SEC- and Financial Sector Deepening Africa – FSDA- have signed a Memorandum of Understanding to strengthen the country’s capital market sector so that it meets international standards. Read more: ZNBC
The bilateral trade volume between Zambia and China has reached US$5 billion for the first time in the 55 years history of economic and mutual cooperation between the two countries. Read more: Lusaka Times
The Zambia Chamber of Small and Medium Businesses (ZCSMBA) has advised the Citizen Economic Empowerment Commission (CEEC) to decentralize the establishment of industrial yards to district level in order to cater for rural SMEs. Read more: Lusaka Times
International
For the third consecutive month, Nigeria failed to comply with the new quota given by the Organisation of Petroleum Exporting Countries as it produced far in excess of its cap. Read more: MSN
The International Monetary Fund has urged the Federal Government to eliminate tax incentives and reform Value Added Tax as part of efforts to stimulate economic growth. Read more: MSN
Elon Musk saw $1.1 billion wiped from his net worth in the first two minutes of New York trading as Tesla Inc. shares sank as much as 11 percent. Read more: Bloomberg
Theresa May and the leader of the opposition Labour Party are both facing battles within their own party over another referendum, as they try to forge a deal on Brexit that could command a majority in Parliament. Read more: Bloomberg