Domestic
Konkola Copper Mines (KCM) has given authority to youth cooperatives in Chingola to start mining at two dumps. Read more: Lusaka Times
The Zambian Government says Chinese enterprise Sinohydro Corporation is expected to complete the construction of the 750-megawatt Kafue Gorge Lower Hydro-power Station next year, a senior Government official said on Sunday. Read more: China.org
Zambia’s new finance minister, Bwalya Ng’andu, said he wants to restart discussions with the International Monetary Fund about a bailout loan and that the government may delay the start of a controversial sales tax. Read more: Bloomberg
Barrick Gold Corporation, owner of Lumwana Copper Mine, has dismissed speculations that it intends to sell the mine in North western province. Read more: ZNBC
International
Zimbabwe’s annual inflation rate hit 175 percent in June, official data showed Monday, stoking fears of a return of the hyperinflation that wiped out savings ten years ago when the economy collapsed. Read more: MSN
It was announced yesterday that SPARK 3, a smartphone created by TECNO, has won smartphone brand of the year at the Africa Information Technology & Telecoms Awards (AITTA) 2019. Read more: Africa Business Chief
A Boeing 737 Max due to be delivered to Ryanair has had the model’s name changed on the nose of the aircraft, it has emerged. Read more: BBC News
Britain and the United States could be on a collision course over taxing internet giants. Draft legislation introduced Thursday in the United Kingdom would impose a 2% tax on local revenue of large search companies, social media platforms and online marketplaces, starting in 2020. Read more: CNN
Treasury Secretary Steven Mnuchin has concerns about Facebook’s proposed cryptocurrency and its potential illicit use. In a press conference Monday, Mnuchin said Facebook’s planned digital currency “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” Read more: CNBC