Story of the Day:
A considerable number of articles have been written and published on how to help students prepare and pass their exams and in tyre, obtain a qualification. However, very few materials – if any, is written and made available which is designed and focused on helping students develop and improve their emotional intelligence or people skills – and yet, these skill sets are as equally important. Read more
Local Business and Finance Sponsored By Liquid Intelligent Technologies
Investments in a multi-facility economic zone in Lusaka, the Zambian capital, hit 316.5 million U.S. dollars in the first half of 2021 following the approval of investment from eight new companies, an official said on Monday. Alice Schultz, Corporate Affairs Manager at the Lusaka South Multi-Facility Economic Zone said eight new investments were approved in the third quarter bringing the total number of companies to 62. Read more: News Ghana
The Government of Zambia has launched the Country Structural Vulnerability Assessment and Resilience Process (CSVRA). The strategy is expected to enhance national resilience and responsiveness to various structural vulnerability factors that can impact on Zambia’s stability, security, and development. Read more: Lusaka Times
The Zambia Revenue Authority (ZRA) has collected above the revised target of revenue for 2020. ZRA collected K57 billion during the year under review instead of the revised target of K53 billion due to the negative effects of COVID-19 on economic activities. This has come to light before the Public Accounts Committee Sitting at parliament today. Read more: ZNBC
Government owes petroleum products suppliers over US$524 million. Energy Minister Peter Kapala says government can only reduce the cost of fuel when there is a reduction on the international market. He said government has given contracted Oil Marketing Companies and supplier’s up to November 15th to comply and give fifty percent of fuel to be transported by local transporters or risk termination of the waiver. Read more: ZNBC
Zambia hopes to secure a crucial International Monetary Fund support agreement by the end of November, the debt-ravaged country’s Finance Minister Situmbeko Musokotwane said on Tuesday. Read more: MSN
International Business and Finance
Zambia, Angola, Rwanda, Zimbabwe are among 8 African countries to record huge drop in staple crops by 2050. The report said the impact of climate change will inevitably force fundamental changes to local crop choices and agricultural practices by 2050 in these countries. Read more: Business Insider
The Dow Jones Industrial Average closed above the 36,000 mark for the first time Tuesday following a gain of about 140 points, or 0.4%. On Monday it had briefly risen above 36,000 but didn’t end the day there. Read more: CNN
Yahoo has shut down access to its services in China, becoming the latest American tech company to exit the country. It pulled the plug “in recognition of the increasingly challenging business and legal environment,” a Yahoo spokesperson said in a statement. Read more: CNN
European stocks are expected to open around the flatline Wednesday as investors prepare for the latest comment and monetary policy decision from the U.S. Federal Reserve. The U.K.’s FTSE index is seen opening 7 points lower at 7,267, Germany’s DAX 6 points lower at 15,947, France’s CAC 40 down 1 point at 6,924 and Italy’s FTSE MIB 4 points higher at 27,038, according to IG. Read more: CNBC
Capital Markets Report Sponsored By ZCCM-IH
In 85 trades recorded yesterday, 117,117 shares were transacted resulting in a turnover of K191,529.89. Trading activity was recorded in AECI, Airtel, Bata, British American Tobacco Zambia, Copperbelt Energy Corporation, Investrust, Madison Financial Services, National Breweries, Pamodzi, Real Estate Investments Zambia, Standard Chartered Zambia, Zanaco and Zambia Sugar. The LuSE All Share Index (LASI) remained at 4,963.93 with a percentage change of 1.22.
Chart of the Day: