Domestic
Bank of Zambia -BOZ- Governor, Denny Kalyalya, says the central Bank is confident that the austerity measures announced by cabinet will be implemented. Read more: ZNBC
Mining baron Anil Agarwal has said that Zambia must withdraw an import duty on copper and give his company due VAT refunds to help restore investor confidence that was shattered by the African nation’s move to liquidate his copper-mining business. Read more: New Indian Express
The Zambian government on Monday commended the United Nations Economic Commission for Africa (UNECA) for providing technical support to various programs and projects of the southern African nation. Read more: News Ghana
Vice President Inonge Wina has called for more space for Zambian products in supermarkets countrywide. Read more: Lusaka Times
International
Sonangol, Angola’s national oil production company, Sonangol and United Shine signed a partnership agreement on Tuesday in Luanda to build a high conversion crude oil refinery in Cabinda province, an Angolan enclave coinciding between Congo and the DRC, according to a Sonangol statement released on Tuesday. Read more: Africa News
After two years, Kenya has now lifted the ban on poultry products from Uganda following talks between the two heads of state. Read more: Africa Business Chief
BMW and Jaguar Land Rover (JLR) are to join forces on developing electric car technologies. Read more: BBC News
U.S.-China tariffs, that have been both implemented and proposed, could cut global economic output by 0.5% in 2020, the International Monetary Fund (IMF) warned Wednesday. Read more: CNBC
The US Securities and Exchange Commission has approved new rules regarding the advice American savers receive about their investments, which the agency said would strengthen consumer protection without imposing onerous costs on stockbrokers. Read more: Financial Times