AGP Executive Report
Last update: 3 hours agoMining: Tertiary Minerals has started a new drilling phase at its Mushima North silver-copper-zinc discovery after promising results, including a 70-metre mineralised intersection. Industrial Growth: Former Commerce Minister Chipoka Mulenga urged incoming ministers to build on existing projects and prioritise manufacturing, value addition and exports, including stronger trade with the DRC. 2027 Budget: Government’s proposed K284.8 billion spending plan aims to double the economy and raise K10.8 billion in new revenue measures; domestic revenue is projected to fund 82.1% of spending. Proposed changes include a 39.5% PAYE rate on monthly income above K37,000. Trade Links: Zambia’s Lobito railway moved closer to construction, with preferred bidders selected for the Zambian and Angolan sections of the 830-kilometre line, expected to cost US$3–5 billion and open a route to Atlantic markets for minerals and agricultural goods.
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