Domestic
The depreciation of the Kwacha has continued to fuel imported inflation as most consumer goods are imported in Zambia. Read more: Zambian Business Times
Zambia has recorded a drop of 10.8% in copper exports resulting into a trade deficit of K516.8 million in June 2019, reversing some gains from a trade surplus of K501.1 million recorded in May 2019 indicating than the country imported more that it exported in nominal terms. Read more: Zambian Business Times
President Edgar Lungu has said that his administration will continue to invest heavily in key economic sectors of the country in order to have a diversified and inclusive economy. Read more: Lusaka Times
International
Tanzania’s economic growth slowed to 6.6% year-on-year in the first quarter of 2019 from 7.5% in the same period a year earlier, official data showed on Sunday, weighed down by softer construction, agriculture and manufacturing activity. Read more: Africa News
The government is now “working on the assumption” of a no-deal Brexit, Michael Gove has said. Mr Gove said his team still aimed to come to an agreement with Brussels but, writing in the Sunday Times, he added: “No deal is now a very real prospect.” Read more: BBC News
American businesses are coping with President Trump’s extended tariff war with China by swallowing smaller profits, implementing selective price increases and shifting their Chinese orders to factories in countries such as Vietnam or Mexico. Read more: Washington Post
Indian billionaire Anil Agarwal, the biggest shareholder in mining company Anglo American, said on Thursday he was divesting the nearly 20% stake he has held since 2017. Read more: Zambian Observer