ZACCI DAILY BUSINESS NEWS TUESDAY SEPTEMBER 22, 2020

FOREIGN EXCHANGE: ZMW:

BID OFFER
USD/ZMW 19.9021 19.9521
ZAR/ZMW 1.1840 1.1881
GBP/ZMW 25.5622 25.6344
EUR/ZMW 23.4207 23.4856 (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 350         380
Wheat 400           410
Maize 130 155
Sun flower 265 300
Cowpeas 180 200
G/nuts shelled 850 950
Unshelled G/nuts
Rice

Source: Grain Traders Association of Zambia (GTAZ) Secretariat

INTERNATIONAL COMMODITY MARKETS

 COMMODITY CURRENT   PREVIOUS
Oil (BRENT) ($/barrel)  41.41   42.88
COPPER ($/ton)  6,837.00   6,833.50
COBALT ($/ton)  33,970.00   33,980.00
NICKEL ($/ton)  14,691.00   14,906.00
ALUMINIUM ($/ton)  1,752.50   1,745.00
LEAD ($/ton)  1,871.50    1,889.50
ZINC ($/ton)   2,482.50   2,512.00
STEEL ($/ton)   452.50    456.00
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

BDZ, ZDA speak local firms growth

Development Bank of Zambia (DBZ) and Zambia Development Agency (ZDA) have signed a memorandum of understanding (MoU) that will support growth of local enterprises and facilitate access of tailor made finance.

Read more in daily mail

Poultry products up 10% in Lusaka

POULTRY products in the capital city, Lusaka, have increased by an average of K10 and this has been attributed to the hike of inputs following the depreciation of the Kwacha. Currently, the Kwacha is trading in the range of K19.80 and K20.00 from around K13.70 and K14.40 at the start of the year. A check by the Business Mail in some supermarkets and townships on Thursday revealed that a chicken is fetching between K55 and K65 from K40 and K50.

INTERNATIONAL BUSINESS NEWS

Libya’s Oil Industry Is Starting Up Yet Again

Libya’s oil industry, all but shut down since January because of civil war, is reopening — in parts. The OPEC member’s state energy firm on Saturday announced it would start operations at ports and fields. The National Oil Corp said force majeure — a legal status protecting a party that can’t fulfill a contract for reasons beyond its control — would continue, however, for facilities controlled by foreign mercenaries and other fighters. Production in Libya, home to Africa’s largest oil reserves, plummeted to less than 100,000 barrels a day in January from 1.2 million after Khalifa Haftar, a Russian-backed commander who controls the country’s east, blockaded energy infrastructure.

 

 

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