Domestic
Vedanta Resources is open to dialogue with the Zambian government but will defend its legal rights and opposes the appointment of a provisional liquidator at its Konkola Copper Mines business, the company’s CEO said on Monday. Read more: Reuters
Zambia has been hailed as one of the few countries, implementing various categories of Trade Facilitation Agreements under the World Trade Organisation. Read more: ZNBC
Finance Minister, Margret Mwanakatwe, says she may consider reducing taxes including pay as you earn if more people start remitting tax. Read more: ZNBC
International
Standard and Poor’s Global Ratings kept South Africa’s foreign- and local-currency credit ratings in “junk” territory with a stable outlook late on Friday, saying the new government was expected to focus on reforms to revive the economy. Read more: Africa News
Nigerian President Muhammadu Buhari signed a $29 billion budget for 2019 into law on Monday. Read more: Reuters
Google’s decision to withhold its Android software from Huawei is being seen as the beginning of a technology cold war that could compel African countries – in the future – to choose between US and Chinese technology. Read more: BBC
As trade talks between the U.S. and China increasingly center on Chinese treatment of foreign companies, Beijing says major American complaints about structural aspects of its economy are running up against “core interests.” Read more: CNBC
E-commerce giant Alibaba Group Holdings is debating whether to offer new public shares through a listing in Hong Kong, Bloomberg reported Monday. Read more: CNBC