AGP Executive Report
Last update: 5 hours agoBudget Watch: Zambia’s 2027 budget has been postponed to November 6, a week later than planned, as the government works on additional measures. The delay follows Parliament’s approval of an expansion from 24 to 30 ministries, a restructuring likely to affect allocations. Government and Investment: President Hakainde Hichilema met a Swiss business delegation, including representatives of Glencore, ABB and Trafigura, to discuss investment, value addition and jobs. Trade Infrastructure: A consortium led by Webuild, Mota-Engil and İçtaş has been selected as preferred bidder for a 515-kilometre Zambian rail link in the Lobito Corridor project. Contract talks are expected to begin next month; the wider route could cost up to $5 billion. Copper Prospects: Midnight Sun Mining reported near-surface mineralisation spanning more than 2.4 kilometres at its Dumbwa deposit, more than twice the previously drilled corridor’s average width.
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