Domestic
Government has commenced the process of addressing the issue of escalating mealie meal prices which has currently been an issue of great concern on the Zambian market. Read more: Zambian Business Times
Energy Minister Matthew Nkhuwa says government is looking at the possibility of creating a canal to tap water from the Congo River. Read more: Zambian Observer
Vice President Inonge Wina has commissioned the 21 million United States Dollar Yash life Science pharmaceutical plant with the call to supporting the industry enhance the medicines supply chain. Read more: ZNBC
President Edgar Lungu has said that the Zambian Government is looking forward to receiving serious investors into the country who will respect the national values, investors who will not abrogate labour laws, and investors who are not only interested in profit-making, but those who are willing to plough back in communities where they operate from. Read more: Lusaka Times
International
Yesterday, UK Climate Investments (UKCI) announced a $US16.9 million agreement with H1 Holdings to support the development of 254MW of clean energy projects in South Africa. Read more: Business Chief
The UK tech sector has attracted more investment from the US and Asia in the first seven months of this year than it did during the whole of last year. Japan and Singapore are the biggest Asian investors into UK tech, beating China. Read more: BBC News
China’s biggest e-commerce company Alibaba Group has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Read more: NY Times
China’s central bank has changed the way commercial lenders set interest rates for loans — a move expected to bring borrowing costs lower at a time when the Chinese economy needs a boost. Read more: CNBC
The average salary for chief executives fell by 13% between 2017 and 2018, but they still earned 117 times more than the average UK full-time worker, a report has found. Read more: BBC News