Domestic
The Bank of Zambia has announced that it has taken possession of ZamPost MicroFinance Limited and Pan African Building Society on account of insolvency. Read more: ZNBC
Government has prohibited oil marketing firms from participating in the transportation of government supplied fuel to curb smuggling of the commodity. Read more: ZNBC
Zambia has informed UN Member States that it is doubling efforts to achieve Sustainable Development Goals by 2030. Read more: Lusaka Times
United Nations World Tourism Organization Secretary General Zurab Pololikashvili is expected in the country on Monday July 22nd 2019 for a three-day working visit. Read more: Lusaka Times
International
Russian diamond company Alrosa signed a deal to explore and mine diamonds in Zimbabwe, as the southern African nation seeks to leverage its mineral resources to boost the country’s ailing economy. Read more: The Zimbabwean
Philip Hammond has told the BBC he intends to resign as chancellor if Boris Johnson becomes the UK’s next PM. Read more: BBC News
Interswitch, a Nigeria-based payments firm, has hired advisers to resurrect plans for a stock-market listing in London and Lagos later this year, people familiar with the matter said. JPMorgan Chase & Co., Citigroup Inc. and Standard Bank Group Ltd. are among the firms working on an initial public offering. Read more: Bloomberg