Domestic News
Zambia has called on SADC member countries to speed up the operationalization of protocols and agreements that facilitate for free movements of people and goods. Read more: Lusaka Times
The Zambia National Farmers’ Union (ZNFU) has hailed Acting Republican President Inonge Wina for intervening and re-stating clearly the government policy on maize and mealie meal business operations in the country. Read more: Lusaka Times
Zambia has introduced a cap on the price of maize to keep the staple food affordable, sparking protest from commercial farmers who accused the government of bringing back price controls: Read more: Africanews
Zambia has called on Argentina to enter into a Memorandum of Understanding on the flow of information and best practices in the mining sector. Read more: The Independent Observer
Konkola Copper Mine (KCM) Liquidator Milingo Lungu continues to surprise all doubting Thomases by priming to procure 35 brand new underground earth moving equipment. The major complaint at KCM has been that of old equipment and lack of spares for the same old equipment. Read more: The Independent Observer
International News
Japan’s prime minister on Thursday warned African leaders against accumulating too much debt, in an apparent reference to Chinese infrastructure projects that some blame for damaging the finances of developing nations. Japan also promised to Invest $20 billion in Africa’s private sector over the next 3 years. Read more: MSN
This week, African Development Bank (AfDB) and Somalia signed two grants for a total of US$28.8million to improve the livelihoods of people in Somalia and boost resilience. Read more: Africa Business Chief
The US is due to impose fresh tariffs on a range of Chinese goods, in a sharp escalation of a bruising trade war. Read more: BBC News
India’s economic slump risks becoming a crisis, with growth plunging to levels not seen since Prime Minister Narendra Modi was elected in 2014 on a promise to turn the country into a global powerhouse. Read more: CNN
Japan’s prime minister on Thursday warned African leaders against accumulating too much debt, in an apparent reference to Chinese infrastructure projects that some blame for damaging the finances of developing nations: Read more: News24
Tanzania’s central bank has given banks and financial institutions three months to establish data centres in the East African nation, saying it will impose hefty fines on lenders that fail to comply: Read more: AfricaNews
The UK has launched a new plan to ramp up infrastructure investment in Africa and other developing countries in a bid open up overseas markets to British trade and companies in a post-Brexit era: Read more: AfricanBusinessInfrustructure
International investors became net sellers of commercial real estate this year for the first time since 2012. Read more: CNBC
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