Domestic
Finance Minister, Bwalya Ng’andu has urged the Trade and Development Bank -TDB -to support private sector initiatives aimed at boosting intra-regional trade in Africa. Read more: Zambian Observer
The Zambian government is determined to “urgently secure” an investor for Konkola Copper Mines (KCM) once the court processes over the disputed liquidation of the mine are concluded, the mines minister said on Thursday. Read more: Reuters
The Zambia Development Agency says a number of Indian companies involved in solar energy solution have shown willingness to invest in Zambia following President Edgar Lungu’s visit to that country. Read more: WIO News
President Edgar Lungu says the signing of an agreement between the Industrial Development Cooperation -IDC- and Ashok Sanjoo of India is the start of better things in the textile industry in Zambia. Read more: ZNBC
Ecobank Zambia has received USD 15 million from its parent company Ecobank Transnational Incorporated (ETI). Read more: Lusaka Times
International
Since 2012, the African Development Bank (AfDB) has invested $US13 billion in South Africa. Yesterday, the bank’s President, Akinwumi Adesina acknowledged that its investments are delivering strong results, when speaking at the 39th Southern Africa Development Community (SADC) Summit. Read more: Business Chief
The manufacturing sector has become the problem child of the US economy. American manufacturing activity is slowing as rising tariffs have made materials more expensive. Read more: CNN
Shares of Tesla rose 2% in premarket trading Thursday on a report that Volkswagen’s CEO was interested in buying a stake in the company, but the stock pared some of its gains after a Volkswagen spokesperson denied the report. Read more: CNBC
The Group of Seven (G-7) summit is set to end without a joint communique for the first time in its 44-year history, after French President Emmanuel Macron decided to abandon the tradition citing “a very deep crisis of democracy. Read more: CNBC
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