AGP Executive Report
Last update: 7 hours agoInvestment: President Hakainde Hichilema urged Swiss businesses to partner with Zambian firms, expand beyond copper and add value locally. Switzerland is exploring a government-to-government platform to support investment. Government & Budget: Parliament approved expanding ministries from 24 to 30 under the Grow Zambia agenda. The 2027 budget has been postponed to November 6 as government works on additional measures; the new structure could affect allocations. Lobito Corridor: A consortium including Webuild, Mota-Engil and İçtaş was selected for the 515-kilometre Zambian railway section. Contract talks are expected to begin next month, advancing a route for copper and other mineral exports. Energy: A solar-and-battery project near Ruida Mine has provided local jobs and more reliable power. Zambia is also among countries opening electricity markets to private investment. Minerals: Zambia has launched its first gold refinery, aiming to process gold to 99% purity and retain more value from the country’s mineral resources.
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