ZACCI DAILY BUSINESS NEWS THURSDAY AUGUST 20, 2020

FOREIGN EXCHANGE: ZMW:

BID OFFER
USD/ZMW 18.8110 18.8610
ZAR/ZMW 1.0937 1.0970
GBP/ZMW 23.8568 24.9267
EUR/ZMW 22.4547 22.5181 (BOZ)
ZAMBIA REVENUE AUTHORITY EXCHANGE RATES 01-15 AUGUST

US DOLLAR                  ZMW 18.2571 EURO                 ZMW 21.6810
SOUTH AFRICAN RAND ZMW   1.0906 BRITISH POUND  ZMW 23.9641
AGRICULTURE COMMODITY PRICES
GTAZ reference prices

Commodity Purchase(USD) Sell (USD)  
Soya beans 316         337
Wheat 420           430
Maize 140 164
Sun flower 265 300
Cowpeas 190 200
G/nuts shelled 874 984
Unshelled G/nuts
Rice

Source: Grain Traders Association of Zambia (GTAZ) Secretariat

INTERNATIONAL COMMODITY MARKETS

 COMMODITY CURRENT   PREVIOUS
Oil (BRENT) ($/barrel)  45.03   45.10
COPPER ($/ton)  6,667.00   6,492.50
COBALT ($/ton)  33,045.00   33,045.00
NICKEL ($/ton)  14,705.00   14,602.00
ALUMINIUM ($/ton)  1,746.50   1,733.00
LEAD ($/ton)  1,994.00    1,964.00
ZINC ($/ton)   2,468.50   2,448.50
STEEL ($/ton)   445.00    445.50
ZAMBIA ECONOMIC INDICATORS

CURRENT  PREVIOUS
Inflation (%) 15.8% (JULY, 2020) 15.9% (JUNE, 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

Reserves rie to $1.4bn

Amount equivalent to over two months of import cover. After recording a continuous decline in international reserves for about two year on the back of internal and external challenges, Zambia’s reserves have rebounded by U$49.6 million, the central bank has said.

Read more in daily mail

Enterprises need to reinveNt in post COVID-19

Auditing firm RSM Zambia says enterprises will need to reinvent to survive during the post coronavirus pandemic by focusing on local and regional markets to supply various goods and services.
Read more in daily mail

State to priotise projects of economic value
Minister of finance Ng’andu Bwalya says Government will prioritize the completion of projects of economic value in order to help the country’ economy back on track. Zambia’s economy, like many others around the world has been hit hard by coronavirus pandemic with its economic growth downgraded.
Read more in daily mail

INTERNATIONAL BUSINESS NEWS

MTN Names Mupita CEO Amid Revamp at African Wireless Carrier

MTN Group Ltd appointed Chief Financial Officer Ralph Mupita as chief executive officer, sticking with an internal candidate to replace the departing Rob Shuter as head of Africa’s biggest wireless carrier. Mupita, 48, will take over the role from Sept. 1, Johannesburg-based MTN said in a statement on Wednesday. Shuter will remain available until the end of his fixed-term contract early next year, when he leaves to join British operator BT Group Plc as head of the enterprise division.

 

 
 
Twitter
Facebook
Website

Leave a Reply

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