Daily Market News

‘No Cause For Alarm,’ Government Says Use Of Chinese Yuan  For Mining Taxes Strategic, Urge Zambians Not To Panic – Zambia Monitor

Government says its decision to allow some mining taxes to be paid in the Chinese currency, the Yuan, is a strategic intervention aimed at improving debt management and reducing unnecessary foreign exchange conversion costs. Finance and National Planning Minister, Situmbeko Musokotwane, said the development should not be interpreted as a shift away from the Zambian Kwacha, which remains the country’s primary legal tender for all domestic transactions. Addressing the media on Tuesday in Lusaka, Musokotwane said the clarification follows widespread public and regional interest after reports indicated that Zambia had begun collecting mining taxes in Yuan.

Shell Buys Stakes In Angolan Offshore Blocks From Chevron – CNBC Africa

Shell has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron, the European energy major said on Tuesday. European oil majors have said they will spend billions in Angola, Sub-Saharan Africa’s second-largest crude oil producer after Nigeria. The country has undertaken major regulatory reforms to attract investment into its energy sector, where it aims to keep production above 1 million barrels per day.

Goldman Sachs Tops Global M&A Rankings With USD1.48 Trillion In Deals – Reuters

Goldman Sachs, opens new tab once again dominated the league tables for global dealmaking in 2025, taking market share and the top spot in a year marked by high-stakes political drama and increasingly bigger mergers. The rise of the USD10 billion deal of which there were 68 last year totalling USD1.5 trillion, more than double the year prior helped Goldman secure its No. 1 ranking, according to LSEG data. Calling 2025 an “exceptional M&A year,” Goldman’s Global Co-Head of M&A Stephan Feldgoise told clients “it was an extraordinary M&A market,” with activity driven by a “ubiquity of capital,” according to the investment bank’s 2026 M&A outlook.

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