Story of the Day:
BIG! STRONG! RELIABLE! Sounds familiar? To most Zambians that sequence of adjectives would call to mind nothing else but one, ZANACO bank. Being of service to the country for the past 53 years, ZANACO is more than a household name. It is part of Zambia’s banking history. Read more
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Zambia Airways CEO Bruk Endeshaw says the airline will have another aircraft by the end of the first quarter of this year. The national airline officially commenced its operations on December 1, 2021, with only one aircraft, from its hub in Lusaka to domestic destinations of Livingstone and Ndola. Read more: News Diggers
Stanley Kakubo, the minister for Foreign Affairs and International Cooperation said that the president shall update the assembly of Heads of State and Government at the summit on Zambia’s preparedness to host the African Union mid-year coordinating summit in July. Read more: IPP Media
Commerce Trade and Industry Minister Chipoka Mulenga says government will NOT sign any agreement, that will not provide gain for Zambia, as the negotiations for the provisions enshrined in the African Continental Free Trade Area continue. Read more: ZNBC
The new dawn government has a singular purpose to tackle youth unemployment through skills training to create a self-employment platform says Technology and Science Minister Felix Mutati. Read more: Lusaka Times
International Business and Finance
Airtel Africa marked its membership of the FTSE 100 share listing this week with revenue up almost 25 percent and earnings up 34 percent. The company reported nearly 3.50 billion U.S. dollars in revenue in the last three quarters of 2021 compared with 2.85 billion in the same period of 2020. Read more: CGTN
African countries have tremendous economic potentials, with rewarding opportunities for investors and partners. Are you looking for the best African countries to invest in to foster economic growth? Consider the below countries with the highest Gross Domestic Product (GDP) for better investment returns. With these countries, you surely can benefit from substantial investment opportunities. Read more: Business Insider
U.S. stock index futures were muted in early morning trading on Monday after the S&P posted its best week of 2022, boosted by quarterly earnings reports and a better-than-expected January employment report. Futures contracts tied to the Dow Jones Industrial Average shed 0.1%. S&P 500 futures sat below the flatline, while Nasdaq 100 futures hovered marginally higher. Read more: CNBC
U.S. officials called on Monday for “concrete action” from China to make good on its commitment to purchase $200 billion in additional U.S. goods and services in 2020 and 2021 under the “Phase 1″ trade deal signed by former President Donald Trump. The officials said Washington was losing patience with Beijing, which had “not shown real signs” in recent months that it would close the gap in the two-year purchase commitments that expired at the end of 2021. Read more: CNBC
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There were no trades recorded on Friday.