Daily Market News

Finance Minister, Musokotwane, Pledges Sustained Public Engagement On 2026 Budget – Zambia Monitor

The government has pledged to maintain continuous and transparent engagement with citizens and stakeholders on the 2026 National Budget and the country’s broader economic reform agenda, beyond the forthcoming national Townhall Meeting scheduled for January 29, 2026. Finance and National Planning Minister, Situmbeko Musokotwane, said public engagement would not be limited to a single event but will be sustained through regular communication in the weeks leading up to the Townhall and thereafter on a weekly, monthly and quarterly basis. In a statement issued on Sunday, he said the Ministry of Finance and National Planning will consistently share timely, accurate and accessible information on the 2026 Budget, ongoing developmental programmes, progress on economic reforms and the policy choices shaping Zambia’s economic future.

Ethiopia Strikes Draft Restructuring Deal On USD1 Billion Bond With Bondholder Group – CNBC Africa

Ethiopia has struck a preliminary agreement with a group of investors holding some of its USD1 billion 2024 international bond, according to the Finance Ministry, a crucial step on the African nation’s path to restructure its debt. The draft agreement covers the main financial terms of the debt rework, a statement on the ministry’s official Facebook page said on Friday. However, authorities still needed to agree the non-financial terms of the new instrument that was going to be issued to replace the defaulted bonds with the Ad Hoc Committee, it said.

Energy Storage Boom Strengthens Demand Outlook For Beaten-Down Lithium – Mining.com

A boom in battery storage has bolstered the demand outlook for lithium in 2026, driving hopes for an accelerated turnaround for an industry struggling with oversupply. The lithium market has been grappling with a supply glut since the second half of 2022, with demand failing to keep pace with surging supply fuelled by a furious price surge that year ignited by an electric vehicle battery boom. But China’s power sector reforms helped to fuel stronger than expected demand for lithium used in batteries for power system storage in the second half of 2025, supporting a cautiously optimistic view of prospects for the new year.

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