Domestic Business and Finance
Zambia should keep mineral royalties capped at 7.5% in the 2020 budget to safeguard the health of the mining sector and promote additional investment, the Chamber of Mines said on Tuesday. Read more: Reuters
Institute of Finance and Economics President Caleb Fundanga says as Zambia plans to diversify its economy, it is important to identify ready markets. Read more: ZNBC
Zambia is making positive strides towards securing agreements with Brazil in renewable energy. Read more: The Independent Observer
Government’s continued borrowing from the domestic market has maintained limited funding available for the private sector, says the Centre for Trade Policy and Development (CTPD). Read more: Diggers
Consolidated Farming Limited, has announced it will be setting up a large -scale palm oil processing industry in Luapula Province this year. Read more: ZNBC
International Business and Finance
Southern African nations including Botswana, Namibia and Zimbabwe are threatening to quit the global wildlife trade regulator, if they are not granted the right to sell ivory acquired through natural deaths, confiscations and culling. Read more: Africa News
President Donald Trump suggested on Tuesday that a more than yearlong trade dispute with China could potentially last until 2020, adding that any agreement to defuse tensions would be ‘tougher’ if he were to win re-election. Read more: Business Insider
The stage is set for a decent-sized pullback in stocks this month and the S&P 500 is expected to drop about 10% to 2,700 by year end. Read more: Yahoo Finance
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