Domestic
Zambia’s GDP drop to 2% has been spurred by various economic and climatic factors but the shrinking growth is recoverable in the short and medium term, Alexander Chiteme, the Minister of National Planning has said. Read more: Lusaka Times
Rgw Chinese Ambassador to Zambia Li Jie has said that the increasing interest expressed by international investors in the Zambian economy reflects the enabling nature of the country’s business environment. Read more: Lusaka Times
Twenty five South African Companies are next week expected in Zambia on a four day investment Mission to the Copperbelt and Lusaka provinces. Read more: The Independent Observer
First Quantum Mineral – FQM and the Zambia Revenue Authority – ZRA are tight leaped over the final settlement amount which was confirmed by FQM in their second half. Read more: Zambian Business Times
Zambia’s mining ministry has asked Glencore subsidiary Mopani Copper Mines (MCM) to rescind its decision to close two shafts at its Nkana site. Read more: NY Times
International
South African utility Eskom Holdings SOC Ltd. began exports of up to 400 megawatts into Zimbabwe on Friday, easing a protracted power crisis characterized by daily outages lasting up to 18 hours. Read more: Africa News
The chancellor has told the BBC that he does not expect the UK to slide into recession after data showed the economy shrank by 0.2% between April and June. Sajid Javid was speaking after the Office for National Statistics said the economy had contracted for the first time since 2012. Read more: BBC News
The U.S.-China trade war is going to have a larger impact on growth than Goldman Sachs originally estimated. The firm lowered its fourth-quarter growth forecast by 20 basis points to 1.8%, citing a larger than-expected impact of recent trade war events. Read more: CNBC