Domestic
The Center for Trade Policy and Development says it continues to note the rapid accumulation of debt and consequent negative effects on Zambia’s economy. Read more: Lusaka Times
Dangote Cement Zambia Limited has dispelled media reports suggesting that there will be job cuts at the company as a measure to mitigate production costs due to Government impending implementation of the Sales Tax. Read more: Global Cement
Government has released 59 million United States Dollars to AVIC International towards the construction of Township roads in three districts of the Copperbelt under the Zambia Township Roads Project. Read more: ZNBC
The Cleaning Association of Zambia -CAZ- has accused some investors of frustrating government’s efforts to empower Zambians in the cleaning sector. Read more: ZNBC
International
The Zimbabwean government says it will soon review electricity tariffs to reflect costs because current charges are no longer sustainable. Read more: News Day
The local mobile telecom companies Orange and MTN in Cameroon have been fined over $160 million for failing to pay taxes on games and gambling services. Read more: Africa News
British Airways is facing a record fine of £183 million for last year’s breach of its security systems. Read more: BBC News
Apple has suddenly become one of the most polarizing stocks on Wall Street. Shares of Apple fell more than 2% Monday after an analyst at Rosenblatt Securities downgraded the iPhone maker’s stock to a “sell.” Read more: CNN
Saudi Arabian budget airline Flyadeal will operate an all-Airbus fleet after canceling its $5.9 billion provisional order with Boeing for its troubled 737 Max jets. Read more: CNBC