AGP Executive Report
Last update: 11 hours agoCommodities: Trafigura has appointed former State House policy adviser Chipokota Mwanawasa as its Zambia executive director. She will oversee the group’s metals, energy and logistics activities and stakeholder engagement. Banking: Zambia Industrial Commercial Bank chief Ngenda Nyambe says lenders should pass on the benefits of the Bank of Zambia’s rate cut to borrowers; the policy rate fell 2.5 percentage points to 10.75%. Energy: Contractors are set to begin work on Globeleq’s 40MW Kafue solar project, with first power targeted for the third quarter of 2027. Copper Trade: Zambia plans to settle some copper sales to China in yuan, a move that could broaden payment options with its biggest trading partner. Mining: ZCCM-IH and IRH have reaffirmed a US$1.1 billion commitment to Mopani Copper Mines. Debt and Investment: Moody’s sees Zambia recording the region’s largest debt reduction, while government is seeking private capital for productive investment and housing.
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