Domestic
The World Bank has launched Zambia’s country partnership framework (CPF) with the financing envelope of US$1.2 billion to help in growing the economy and raising the standard of living Read more: Zambia Daily Mail
The Economics Association of Zambia has supported the stance taken by Mines Minister Richard Musukwa who has asked Mopani Copper Mines to handover Mindolo North and Central shafts to the government if they have failed to run them. Read more: Lusaka Times
Government says it is in the process of revising the Micro, Small and Medium Enterprises Policy, in order to develop an economic empowerment policy that will promote entrepreneurship and economic growth in the country. Read more: Lusaka Times
International
The second Intra-African Trade Fair (IATF2020) scheduled to take place in Kigali, Rwanda from September 1st to 7th 2020 will target the execution of Intra-African trade deals worth more than $40 billion. Read more: Africa News
Microsoft will invest $100 million to open an Africa technology development centre with sites in Kenya and Nigeria over the next five years, the company said on Tuesday. Read more: Africa News
Donald Trump has been sounding supremely confident that US consumers will emerge unscathed from his trade war, but economists fear households are already starting to be hit by earlier rounds of tariffs and will face a mounting burden as hostilities escalate. Read more: Financial Times
U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost from exports and inventories in the first quarter. Read more: Reuters
President Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China’s Huawei. Read more: Reuters
Boeing should have told pilots more about the anti-stall system on the 737 Max jet that failed before two recent fatal crashes, the head of the US aviation regulator has said. Read more: BBC News & Financial Times