AGP Executive Report
Last update: 9 hours agoMining: Government has issued 975 small-scale mining licences to Zambians and is preparing rules to encourage local processing. It says US$12.1 billion in mining investment has been committed or is under way since 2021. Debt and Infrastructure: Zambia’s external debt fell to US$15.35 billion after a Eurobond buyback. A planned US$1.2 billion Zambia–Tanzania power link and progress on the Lobito rail corridor could strengthen regional trade and energy supply. Budget: The K284.8 billion 2027 budget targets 4.9% economic growth. A proposed 39.5% top PAYE rate for monthly earnings above K37,000 has drawn union criticism. Trade and Climate Finance: Zambia joined 13 countries backing policies to expand international carbon-credit markets, while the reopening of Canada’s Lusaka High Commission accompanies a push to double bilateral trade.
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