Domestic
Chairman of the Cooperating Partners Group – CPG, German Head of Development Cooperation Christoph Fritz has urged newly appointed Minister of Finance Dr. Bwalya Ngandu to continue with the country’s efforts towards acquisition of an IMF Supported Economic Programme in order to expand the financing options available to Zambia by way of support from other cooperating partners. Read more: Zambian Business Times
The World Bank has called for the Zambian government to undertake bold fiscal and structural policy reforms to preserve macroeconomic stability, boost business and market confidence, and improve its growth prospects for 2019 and beyond in line with the Zambia Plus economic program. Read more: Zambian Business Times
New Minister of Tourism and Arts Ronald Chitolela says the country is on course to double tourist arrivals from one million recorded last year to two million arrivals over the coming years. Read more: ZNBC
Another hole at Arc Minerals Limited’s drilling programme at Cheyeza in Zambia has shown good indications of copper. Read more: Stock Market Wire
A loan of US$9 million towards the financing of a major hotel is set to meet the growing demand for business infrastructure, create jobs for youth and opportunities for services and goods providers in Zambia. Read more: CAJ News Africa
International
News
Kenya’s labour minister Ukur Yatani was on Wednesday appointed as interim finance minister, a day after incumbent Henry Rotich was charged with corruption. Read more: Africa News
Facebook will pay a record $5billion fine to settle privacy concerns, the US Federal Trade Commission (FTC) has said. The social network must also establish an independent privacy committee that Facebook’s chief executive Mark Zuckerberg will not have control over. Read more: New York Magazine
The US Department of Justice has announced what many consider to be a long-overdue investigation into the tech giants. Read more: BBC News
South Korea tried to bring international pressure to bear on Japan by airing its complaint at the World Trade Organization (WTO) on Wednesday, the latest move in a festering dispute that has seen Washington’s two biggest Asian allies lobbing accusations at each other. Read more: Reuters