Domestic
Cavmont Bank has publicly announced that the bank will be restructuring its operations in Zambia that will lead to some branch mergers while other will be closed to streamline its operations. Read more: Zambian Business Times
A Zambian Business Executive has called on global manufacturing firms to set up manufacturing companies in Zambia. Read more: The Independent Observer
The Copperbelt investment Expo is expected to reap about US$4 Billion through investment pledges from both local and foreign investors. Read more: ZNBC
Bank of Zambia Governor Denny Kalyalya says it is imperative that every segment of the Zambian society has access to basic financial services. Read more: ZNBC
International
The National Tripartite Negotiating Forum (TNF) has given government up to Tuesday next week to withdraw Statutory Instrument 142/2019, which banned the use of multi-currency and reintroduced the Zimbabwe dollar, or face mass action. Read more: MSN
United Nations Children’s Fund (UNICEF) Kenya has partnered with Finnish technology company Nokia to increase access to digital literacy in Kenya. Read more: Business Chief
The Middle East and Africa have seen many changes in terms of digital transformation, but there’s still “huge upside,” and financial technology firms are looking for opportunities there, according to a financial services regulator in the region. Read more: CNBC
Car giant Ford has said it is planning to cut about 12,000 jobs across its European operations by the end of 2020. The carmaker is trying to cut costs and restructure its European business, which is losing money. Read more: CNN
US regulators have uncovered a possible new flaw in Boeing’s troubled 737 Max aircraft that is likely to push back test flights. Read more: BBC News
