Daily FiZ – Thursday 11/07
Economy

Domestic
Food and Agriculture Organisation (FAO) Country Representative George Okech said the impact of climate change will cost Zambia about 0.4 % of the country’s annual economic growth. Read more: Lusaka Times

Mines Ministry Permanent Secretary Paul Chanda says government has made progress in promoting local participation in the mining sector to empower citizens and increase the country’s economic resilience and competitiveness by diversifying to other mineral resources apart from copper. Read more: Zambian Business Times

Energy Minister Matthew Nkhuwa says government will soon effect an upward adjustment in petroleum products because of the continued deterioration of fuel pricing fundamentals such as the depreciating kwacha. Read more: Zambian Observer

Government says it has not sold Konkola Copper Mines (KCM) to Chinese owned Non-Ferrous Mining Company (CNFC) as is being alleged by some sections of the media. Read more: Zambian Observer

A Kalulushi based Chinese firm has invested an additional 2 million US dollars to expand its steel production. Read more: ZNBC

The Livingstone Chamber of Commerce and Industry has welcomed the launch of the operational phase of the African Free Continental Trade Area. Read more: ZNBC

International
Airtel Africa on Tuesday listed on the Nigerian Stock Exchange in a US$4.4 billion flotation turning the telecoms company into the bourse’s third-largest stock by market value. Airtel Africa’s shares climbed 10% from their listing price of 363 naira after the float went live. Read more: Africa News

Ivorian President Alassane Ouattara has said West African nations who meet the criteria to join the single currency should do so by 2020. Read more: Africa News

The UK economy returned to growth in May after shrinking in April, but the news failed to allay fears of a future slowdown. The economy grew 0.3% from the month before, after declining 0.4% in April, according to the Office for National Statistics (ONS). Read more: BBC News

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