Inside today’s issue:
- Currency Shift: The Zambian Kwacha’s 5-week appreciation trend takes a breather, falling 2.2% against the US Dollar due to tighter liquidity and rising demand.
- Banking Landmark: The Bank of Zambia officially approves FNB Zambia’s acquisition of Standard Chartered’s Wealth and Retail Banking business.
- Retail Caution: BuyZed Campaign warns against retail boycotts, noting that over 90% of products are locally sourced and boycotts risk harming local suppliers and SMEs.
- Tech Leadership: Zambia becomes the first Southern African nation to pilot UNESCO’s AI Readiness Framework to drive ethical digital transformation.
- Provincial Growth: Over K5.5M in CDF grants disbursed in Mansa District, and a new K9.7M Skills Training Centre commissioned in Luangwa.
