Domestic
Zambia was announced to be introducing alongside Rwanda the Sustainable Development Goals (SDGs) Sub-Regional Center that was set up for southern Africa. Read more: Mena FN
Minister of Finance Dr Bwalya Ng’andu says the rebasing of Zambia’s Gross Domestic Product exercise has been postponed due to a lack of resources to execute the process. Read more: Diggers
The Ministry of Mines and Minerals Development has welcomed the directive by President Edgar Lungu to revoke dormant Mining and exploration licenses. Read more: Lusaka Times
Vice-President Inonge Wina says Government has opened up market linkages in China in a bid to stimulate local manufacturing industries. Read more: Lusaka Times
Currency weakness and tepid economic growth have weighed on business activity in Zambia and South Africa. Purchasing Managers’ Indexes published Monday and Tuesday showed business conditions deteriorated in Zambia and South Africa in July. Read more: Bloomberg
International
South Africa’s unemployment rate jumped to its highest since the global financial crisis more than a decade ago, data showed last week, piling pressure on a shrinking economy and President Cyril Ramaphosa’s pledge to deliver a turnaround. Read more: Africa News
The outlook for the German economy remains bleak despite slightly promising data published on Tuesday, leading German economists agree. Read more: CNBC
The trade war between the United States and China has sharply intensified in recent days, raising the risk that the bruising battle will drag on through the 2020 presidential election. Read more: CNN