Domestic
Eurasian Resources Group and China Non-Ferrous Metals Co. have expressed interest in buying Konkola Copper Mines. Read more: Zambia Observer
The World Bank has banned a Chinese firm named Jiangsu Zhongtian Technology Ltd (ZTT), a company that manufactures and distributes fiber optic cable, in connection with fraudulent practices under the Lusaka Transmission and Distribution Rehabilitation Project in Zambia. Read more: Diggers
Zambia is expected to begin exporting live cattle to China next year following a deal which was sealed with a consortium of Chinese farmers last month in Beijing worth over US$1billion. Read more: Zambian Observer
MTN Zambia, Barclays Zambia and JUMO have announced the commercial launch of KASAKA – a unique, short term mobile saving product. Read more: IT News Africa
International
The historic African free-trade zone came into force on yesterday, as the African Union celebrated making one more step toward creating a continent-wide market of 1.2 billion people worth $2.5 trillion. Read more: Africa News
Finance minister Mthuli Ncube yesterday insisted that the economy has turned around “after six months” as per his promise last October, boasting the turnaround is being witnessed on the fiscal side. Read more: MSN
The U.S. Defense Department is seeking new federal funds to bolster domestic production of rare earth minerals and reduce dependence on China, the Pentagon said on Wednesday, amid mounting concern in Washington about Beijing’s role as a supplier. Read more: Reuters
Uber Technologies Inc reported a $1 billion loss and a 20% rise in revenue on Thursday in its first quarterly report as a public company, in line with the ride-hailing service’s forecasts. Read more: Reuters
