Domestic
Zambia has continued to record trade surplus month on month with May recording a trade surplus of K501million (about US$40 million). This figure is however a decreased by 17% from a surplus of K603.6 million recorded in April 2019 to K501.1 million in May 2019. Read more: Zambian Business Times
Zambia is planning a law to compel mining companies to give local suppliers a fair share of procurement, its mines minister said on Thursday, in the latest sign of the government taking an interventionist approach in its mining sector. Read more: Reuters
President Edgar Lungu said he made a political and economic decision on the liquidation of Konkola Copper Mines (KCM). Read more: Zambian Observer
President Edgar Lungu says Government has created an enabling environment for both local and foreign investors to venture into the hospitality industry in different parts of the country. Read more: ZNBC
The Energy Forum Zambia has noted that Zambia’s energy sector has made steady progress despite the loss of about 300 Mega Watts of Electricity due to reduced water levels in Lake Kariba Dam. Read more: ZNBC
International
A $1 billion Belt and Road Africa Fund was announced on the sidelines of the annual WEF Summer Davos Meeting, currently underway in Dalian, China. Read more: The Independent Observer
Airtel Africa aims to list on the Nigerian bourse on Monday, one of the financial advisors arranging the issue said, after the exchange postponed the listing which had been scheduled for Friday. Read more: Reuters
The International Monetary Fund’s (IMF) executive board will weigh a long-delayed bailout plan for Congo Republic on July 11, according to a calendar published on its website. Read more: Africa News
Jaguar Land Rover is investing hundreds of millions of pounds to build a range of electric vehicles at its plant in Birmingham. Read more: BBC News
Deutsche Bank will cut 18,000 jobs and dramatically shrink its investment bank as part of a costly overhaul that marks a retreat from Wall Street after two decades of intense competition with American rivals. Read more: CNN