Domestic
Agriculture Minister Michael Katambo is expected lead his ministry and technical staff to set an average selling price of mealie meal by millers to retailers at between ZMK115 to ZMK120, while roller meal should be sold between ZMK80 to ZMK90. Read more: Zambian Business Times
Economist Oliver Saasa has commended the government for opening up investments in the country through hosting of provincial investment expositions. Read more: Lusaka Times
The 4.8 million Kwacha starch processing plant in Kalumbila district is set to start operations in October this year. Read more: ZNBC
The central bank in Africa’s copper hotspot Zambia sold Kwacha equivalent of $32million in bonds in an auction held on Friday 23rd August. Read more: The Business Telegraph
International
In an arid region of West South Africa, a mine containing rare earth reserves with some of the highest concentrations in the world wants to influence a market dominated by China, but in a context of trade warfare that is reshaping global maps. Read more: Africa News
Federal Reserve chairman Jerome Powell on Friday acknowledged that the economy has grown more turbulent in the three weeks since the Fed cut rates for the first time in a decade — but stopped short of giving any indication about what might be coming at the next rate-setting meeting in September. Read more: CNN
President Donald Trump said Sunday he could declare the escalating U.S.-China trade war as a national emergency if he wanted to. Read more: CNBC
UK prime minister Boris Johnson has insisted it is “highly unlikely” there will be any food or medicine shortages if Britain leaves the EU without a deal at the end of October. Read more: Business Insider
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