Domestic
Zambia’s economic growth is seen falling to 2% in 2019 from 3.7% last year, reflecting a decline in mining activity, the International Monetary Fund (IMF) said in a statement. Read more: Reuters
Minister of Finance, Dr. Bwalya Ng’andu has disclosed that Sales Tax will be implemented in January 2020. Read more: Bloomberg
The Zambia SEC’s CEO, Philip Chitalu, has warned the public that cryptocurrency OnyxCoin creator Kwakoo is not licensed to give investment advice or solicit funds, from within and outside the country alike. Read more: Coin Telegraph
Vice President Inonge Wina has said that government has resolved to commercialise the agriculture sector. Read more: Lusaka Times
International
Kenya Thursday joined the league of oil exporting countries after striking a deal of 200,000 barrels worth $12 million, President Uhuru Kenyatta announced. Read more: ZNBC
The government of Sierra Leone has cancelled or suspended the licenses of several big mining projects, including the Tonkolili and Marampa iron ore mines, the Financial Times reported on Friday. Read more: Africa News
The chief executive of HSBC has stepped down after the bank said it needed a change in leadership to address a “challenging global environment”. Read more: BBC News
President Donald Trump overruled the adamant objections of nearly his entire trade team when he ordered the imposition of 10% tariffs on China’s remaining $300 billion of exports to the United States, according to The Wall Street Journal, citing people familiar with the matter. Read more: CNBC