THE Zambia Cooperative Federation (ZCF) have engaged the Zambia Development Agency (ZDA) on the possibility of creating cooperative tors that will boost production of local goods.
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Cement price up by 20%
Commodity fetching between K118, K120 in Lusaka. Cement prices in the capital city have increased by an average of 20% and the rise has been attributed to the coronavirus.
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Huawei talks partnerships in expanding ICT
IN AN effort to provide cheap internet services, Huawei is ready to partner with mobile operators and regulators to expand information and communications technology (ICT) infrastructure in Zambia. Huawei Zambia public relations director Hansen He said cheap internet connectivity is possible with collective effort from all ICT players. Mr Hansen said in response to a query that affordable internet services should be accessed by all subscribers in the country. “It is also important to note the more a particular country invests in the expansion of ICT infrastructure and other technology-related solutions, the more it is highly likely to increase and afford cheap accessibility to any form of connectivity for its communities,” he said. Read more
INTERNATIONAL BUSINESS NEWS
Goldman Warns Covid-19 Vaccine Approval Could Upend Markets
Investors should consider the risk of a successful coronavirus vaccine unsettling markets by sparking a sell-off in bonds and rotation out of technology into cyclical stocks, warned Goldman Sachs Group Inc. The increased probability of an approved vaccine by the end of November is underpriced by equity markets and by that time the result of the U.S. election will be known, wrote strategists including Kamakshya Trivedi in a note Wednesday. Investors will also know how the start of the school year will have impacted the spread of the coronavirus, they said. Approval of a vaccine could “challenge market assumptions both about cyclicality and about eternally negative real rates,” the team wrote, adding such a scenario may support steeper yield curves, traditional cyclicals and banks, while challenging the leadership of technology stocks.
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