Domestic
North Western province Deputy Permanent Secretary Douglas Ngimbu says gold deposits have been discovered in Mwinilunga district. Read more: ZNBC
In an interview, economist Chibamba Kanyama says Zambia is riding on razor’s edge with regards the liquidation of Konkola Copper Mines. Read more: Diggers
Government should consider temporary emergency cash transfers to urban poor households to enable consumers afford the escalating prices of mealie meal, says the Indaba Agricultural Policy Research Institute (IAPRI). Read more: Diggers
International
In a bid for Africa to benefit from a new $3.4 trillion economic plan, president of the African Development Bank, Akinwumi Adesina, is pushing African countries to boost output of goods and services and incorporate payment systems. Read more: Africa News
South Africa says unemployment has reached its highest level in a decade at 29%. Second-quarter figures released Tuesday show the number of unemployed rose by 573,000 over the past year, with only 21,000 jobs created. Read more: Africa News
Apple posted a small gain in sales for the third quarter of the year. While iPhone sales dipped, the company made up the difference in higher revenues in services such as its software store and music service. Sales rose 1% to $53.8bn, while net profit dropped 13% to $10bn. Read more: BBC News
Samsung stock dropped on Wednesday after the world’s biggest smartphone maker reported a 56% fall in its operating profit for the second quarter, citing price declines in its memory chip business. Read more: CNBC
Huawei is still growing despite a continued US campaign aimed at crimping its global reach. Sales jumped to more than $58 billion in the first six months of this year, boosted by growth in the Chinese tech firm’s smartphone business and an uptick in 5G network contracts, it said Tuesday. Read more: CNN