Domestic
The government has urged the private sector to consider setting up an emerald processing plant in Zambia. Ministry of Mines Permanent Secretary Paul Chanda says building a processing plant in Zambia would help cut down on movements and transportation costs associated with emeralds. Read more: ZNBC
In 26 trades recorded today, 203,868 shares were transacted, resulting in a market turnover of K1,304,912. A share price loss of K0.02 was recorded in CEC. Read more: LUSE
First Quantum Mining and Exploration limited has officially arrived in Luapula Province to commence mineral exploration of copper. Read more: The Independent Observer
Ndola Central Member of Parliament Emmanuel Mulenga says the growing population of Ndola should be matched with modern infrastructure. Read more: Lusaka Times
Zambia’s Ambassador to Germany Anthony Mukwita has hailed the German Agribusiness Alliance for sending a delegation of agricultural business leaders to Zambia to explore avenues of investment. Read more: The Independent Observer
Luapula Province Minister Nickson Chilangwa says the agriculture sector in the region is destined for growth due to increased investment that has been attracted. Read more: ZNBC
International
Nigeria National Petroleum Corporation (NNPC) has announced plans to upgrade its refineries in order to aid Africa’s biggest crude oil producer to significantly reduce its expenditure on fuel imports. Read more: Business Chief
Ethiopian Airlines has been named the ‘African Champion of the Year’ at a prestigious business event in Rwanda. Read more: Africa News
Goldman Sachs says investors are looking at the wrong bond market indicator and a recession is less likely. Read more: CNBC
The European Union says it has developed a strategy to keep its 5G networks secure. It does not include a blanket ban on Huawei equipment. Read more: CNN
Four of the world’s biggest traders expect the Brent oil price in 2019 to largely linger in the $60s a barrel with a slight rise in the second half of the year due to a tightening market. Read more: Reuters
