Domestic
Former Minister of Finance Margaret Mwanakatwe Wednesday morning completed her handover process to her successor and newly appointed Minister of Finance Dr. Bwalya Ng’andu. Mrs. Mwanakatwe, wished Dr. Ng’andu well in his new job of sheparding the economy to sustained stability and growth. Read more: The Independent Observer
The Standard Bank Group which trades in Zambia as Stanbic Bank has welcomed the appointment of Bwalya Ng’andu has Finance Minister. The bank has however cautioned that Dr. Ng’andu’s appointment could be a case of having a different messenger delivering the same message. Read more: Lusaka Times
Zambia expects nine companies to submit bids for Konkola Copper Mines (KCM) within weeks, mines minister Richard Musukwa said on Wednesday, even as a court case with Mumbai-listed Vedanta over its ownership was underway. Read more: VC Circle
International
Ghana has been placed on a Post Program Monitoring by the International Monetary Fund (IMF). This comes after the country’s debt levels with the IMF reached a little over $1 billion. Read more: MSN
President of Kenya, Uhuru Kenyatta, has bemoaned the low level of intra trade among COMESA member states in the region. Read more: Lusaka Times
EU antitrust regulators will investigate Amazon to determine if the e-commerce giant’s use of merchant data breaches competition rules, the European Commission said on Wednesday. Read more: CNBC
Foreigners are buying less real estate in the United States, and sluggish global economic growth is to blame. Read more: CNN
Consumer prices in the UK rose 2 per cent in June compared with a year ago, the same rate of inflation as in May and in line with the Bank of England’s target. Read more: The Independent