ZACCI

ZACCI DAILY BUSINESS NEWS THURSDAY SEPTEMBER 17, 2020

FOREIGN EXCHANGE: ZMW:

BID OFFER
USD/ZMW 19.8506 19.9006
ZAR/ZMW 1.2166 1.2200
GBP/ZMW 25.7661 25.8389
EUR/ZMW 23.5388 23.6061 (BOZ)
ZAMBIA REVENUE AUTHORITY EXCHANGE RATES 01-15 SEPTEMBER

US DOLLAR                  ZMW 19.5000 EURO                 ZMW 23.2035
SOUTH AFRICAN RAND ZMW   1.1719 BRITISH POUND  ZMW 25.9408
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) ($/barrel)  41.66   37.18
COPPER ($/ton)  6,776.00   6,788.00
COBALT ($/ton)  34,000.00   33,000.00
NICKEL ($/ton)  15,160.00   15,090.00
ALUMINIUM ($/ton)  1,759.00   1,749.00
LEAD ($/ton)  1,883.50    1,873.50
ZINC ($/ton)   2,505.50   2,454.50
STEEL ($/ton)   450.50    459.00
ZAMBIA ECONOMIC INDICATORS

CURRENT  PREVIOUS
Inflation (%) 15.5% (AUGUST, 2020) 15.8% (JULY, 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

Ultra Green eyes Zesco grid

Ultra Green Corporation Zambia Limited has committed US$216 million to develop solar electricity panels with capacity to generate 200 megawatts (MW).

Read more in daily mail

Prospero Zambia, BDZ pen SMEs deal

Prospero Zambia, which has to date provided over 42 Euros to enterprises in the country has partnered with the Development Bank of Zambia to develop a more vibrant small and medium scale enterprise (SMEs) investment climate.

Read more in daily mail
INTERNATIONAL BUSINESS NEWS

Zimbabwe in Talks With Banks to Support New Stock Exchange

Zimbabwean authorities are in discussions with several international investment banks to support a new stock exchange that will trade exclusively in foreign currency, Finance Minister Mthuli Ncube said. “The interest has been huge,” Ncube told an analyst briefing. He declined to give further details. Yvonne Mhango, sub-Saharan Africa economist at Renaissance Capital, told the briefing that uppermost on foreign investors’ minds was the ability to repatriate their capital. “What they want is a functioning stock exchange,” Mhango said.

 

 
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