ZACCI DAILY BUSINESS NEWS THURSDAY JULY 30, 2020

FOREIGN EXCHANGE: ZMW:

BID OFFER
USD/ZMW 18.2226 18.2726
ZAR/ZMW 1.1033 1.1066
GBP/ZMW 23.6494 23.7234
EUR/ZMW 21.4098 21.4722 (BOZ)
ZAMBIA REVENUE AUTHORITY EXCHANGE RATES 16-31 JULY

US DOLLAR                  ZMW 18.1751 EURO                 ZMW 20.3732
SOUTH AFRICAN RAND ZMW   1.0894 BRITISH POUND  ZMW 22.8642
AGRICULTURE COMMODITY PRICES
GTAZ reference prices

Commodity Purchase(USD) Sell (USD)  
Soya beans 317         338
Wheat 430           450
Maize 148 177
Sun flower 265 300
Cowpeas 167 195
G/nuts shelled 445 725
Unshelled G/nuts
Rice

Source: Grain Traders Association of Zambia (GTAZ) Secretariat

INTERNATIONAL COMMODITY MARKETS

 COMMODITY CURRENT   PREVIOUS
Oil (BRENT) ($/barrel)  43.44   43.39
COPPER ($/ton)  6,475.00   6,399.50
COBALT ($/ton)  28,500.00   28,500.00
NICKEL ($/ton)  13,762.00   13,718.00
ALUMINIUM ($/ton)   1,687.00   1,671.00
LEAD ($/ton)   1,847.00    1,836.00
ZINC ($/ton)   2,286.00   2,206.50
STEEL ($/ton)     438.50    439.00
ZAMBIA ECONOMIC INDICATORS

CURRENT  PREVIOUS
Inflation (%) 16.6% (JUNE, 2020) 15.9% (MAY, 2020)
Annual GDP (%) 2.30% (2019)              3.0% (2018)  (BOZ)
Gross Reserves (US$ Billion) 1.45 1.41
BOZ Policy Rate (%) 9.25%  11.5%
 LOCAL BUSINESS NEWS

Latvia, ZACCI pen trad MOU

The Latvian private sector is exploring business opportunities with Zambia Chamber of Commerce and Industry (ZACCI) to enhance economic cooperation between the two countries. ZACCI and Latvian Chamber of Commerce and Industry (LCCI) have signed a memorandum of understanding (MoU).
Read more in daily mail

EU gives Zambia, others 7 milion Euros

Zambia is among sub-Saharan African countries o benefit from the 7 million euros regulatory framework oversight project that will guide cross-border trading in the energy market.
Read more in daily mail

Poultry industry experiences nosedive

THE poultry industry has recorded a 30 percent drop in the output of the broiler sub-sector during the first half of this year following the closure of hotels and lodges. Poultry Association of Zambia (PAZ) executive manager Dominic Chanda said in an interview on Monday that some producers scaled down on production due to uncertainties surrounding the policy direction aimed at curbing the outbreak of coronavirus. “Policy direction uncertainties and the closure of certain sectors specifically the tourism sector which resulted in the closure of hotels, lodges and restriction on the number of gatherings of entertainment in nature resulted in a number of small-scale, medium, commercial and large-scale poultry farmers to scale down their broiler bird placement,” Mr Chanda said. He said despite the drop in broiler output, the sector recorded positive developments for those that continued in production with the price adjustments for both eggs and chickens in the domestic market especially the open markets in Lusaka.
Read more
INTERNATIONAL BUSINESS NEWS

Nigeria Approves Loan For Siemens to Revamp Power Infrastructure

Nigerian President Muhammadu Buhari approved counterpart funding for a deal that will see  Siemens AG upgrade the nation’s dilapidated power infrastructure. Nigeria, Africa’s most populous nation, last year contracted the German engineering company to rehabilitate and expand its electricity grid. Only about two-thirds of Nigerians have access to power and even those are plagued by constant blackouts. Buhari, 76, granted “anticipatory approval” for 18.94 million Euros, or 15% of the cost, as counterpart funding for the project, Finance Minister Zainab Ahmed said. The balance of 85% will be provided by Euler Hemens Group SAS, and backed by the German government, on concessionary terms with a three-year moratorium, a 12-year repayment period at “an interest rate of Libor-plus 1% to Libor-plus 1.2%.”

 

 
 
Twitter
Facebook
Website

Leave a Reply

Your email address will not be published. Required fields are marked *