Domestic
154 workers from Mopani Copper Mines have dragged Stanbic Bank Zambia Limited to the Kitwe High Court for allegedly unilaterally increasing interest rates on their personal loans from 15 to 40 percent. Read more: ZNBC
Zambia’s High Commissioner to the United Kingdom, His Excellency Mr.Muyeba Chikonde and United Kingdom Department for International Trade (DIT) held a meeting to introduce the Association of Zambian Women in Mining (AZWIM) and explored opportunities for Zambia-UK mining ventures. Read more: Lusaka Times
The Lusaka South Multi-Facility Economic Zone- LS MFEZ and Zambia Chamber of Commerce and Industry-ZACCI have signed a memorandum of understanding that will see both institutions collaborate in many business ventures. Read more: ZNBC
Zambia Railways Chief Executive Officer, Christopher Musonda says Zambia is set to become a more attractive investment destination if it fully implements the decision to move 30 percent of mining and agricultural products from road to rail transport. Read more: Lusaka Times
The inflation rate for March 2019 has reduced to 7.5 percent. Read more: ZNBC
Government says the implementation of the national quality policy as well as the Proudly Zambian campaign will enhance the quality of locally produced goods and services. Read more: ZNBC
International
President Yoweri Museveni secures bilateral deals with his Kenyan counterpart, Uhuru Kenyatta. Read more: Africa News
Wells Fargo & Co said on Thursday Tim Sloan will resign immediately as chief executive, becoming the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal. Read more: Reuters
US investment bank Goldman Sachs has been fined £34.3 million for failures in the way it shared information with the City watchdog. Read more: BBC News
Morgan Stanley’s second-in-command, Colm Kelleher, is retiring, opening a seat whose filling will signal the Wall Street firm’s likely heir apparent. Read more: Market Watch
Ride-hailing firm Lyft has priced its shares at $72 amid strong investor demand, valuing the firm at $24.3 billion. Lyft’s shares are set to start trading on the tech-dominated Nasdaq index on Friday. Read more: BBC News