Domestic
Chief Government Spokesperson Dora Siliya has indicated that government’s decision to liquidate Konkola Copper Mine – KCM should not be politicized as it is meant to find an equity partner to take over the mine and invest in the country’s economy. Read more: Zambian Business Times
The Zambia Revenue Authority has dispelled a news story claiming that the Authority has paid Konkola Copper Mines about 95 Million Kwacha in tax refunds to pay legal fees. Read more: The Independent Observer
Chongwe Member of Parliament Japhen Mwakalombe says government has created a conducive atmosphere for both foreign and local investors to put their money in rural areas. Read more: ZNBC
Zambia’s Ambassador to Ethiopia Emmanuel Mwamba says Zambia will ratify the CFTA Agreement in the legislative sitting of Parliament in August, as stakeholder consultations on the CFTA has come out positive from both Government and the private sector who will mainly drive the Agenda. Read more: Lusaka Times
International
Zimbabwe has proposed reducing the flow of the Zambezi River in exchange for receiving discounted power from neighboring Mozambique, people familiar with the situation said. Read more: Bloomberg
The Ghana cedi has recorded its worst half-year performance since 2015 following a depreciation of 8.2%. This is according to data from the Bank of Ghana interbank exchange market released for the end of June. Read more: MSN
US regulators have approved a record $5bn fine on Facebook to settle an investigation into data privacy violations, reports in US media say. Read more: BBC News
Volkswagen and Ford have said they will work together on developing self-driving and electric cars in an attempt to reduce costs on new technologies. Read more: Forbes