Domestic
Zambia will carry out regular audits at all mines to avoid any repeat of the situation at Vedanta unit Konkola Copper Mines (KCM), which has breached the terms of its license, the mining ministry said on Thursday. Read more: Reuters
Over 400 companies issued with mining licenses by government in Lufwanyama district on the Copperbelt, are not operational due to various challenges. Read more: ZNBC
The Zambia Chamber of Mines says the mining sector has a genuine responsibility to contribute to the economy due to the huge mineral reserves the country has. Read more: ZNBC
Honey produced in Zambia has successfully penetrated the European Union market. Read more: ZNBC
Stanbic Bank has donated K200,000 towards the hosting of the Copperbelt Investment Expo to be held next month in Ndola. Read more: ZNBC
International
MTN Nigeria says it’s being investigated by the country’s Economic and Financial Crimes Commission over a listing of shares on the stock exchange. Read more: MSN
The United States has called on China to curb the development of its state-owned enterprises, a demand that China sees as an “invasion” on its economic sovereignty. Read more: Financial Times
Amazon shares will rally to $3,000 in about two years, making them worth nearly $1.5 trillion, without the company doing much differently than it is doing today. Read more: CNBC
Buybacks have gotten a bad rap from both Republican and Democratic lawmakers this year. But the stock market would be trading at a much lower level without them. Read more: CNBC
Its been a tough 12 months for Zambia’s 2022 Eurobond whose yield rate has climbed exponentially since May last year.