AGP Executive Report
Last update: 6 hours agoMining: ZCCM-IH approved KCM’s $498 million Nchanga tailings-leach plant, set to recover copper from historic waste and produce about 70,000 tonnes of cathode annually. Construction is expected to take two years, with no capital contribution required from ZCCM-IH. Health Financing: Zambia and the US signed a five-year, $2.49 billion health pact after dropping disputed patient-data and specimen-sharing clauses. The US is to provide $1.52 billion, while Zambia commits $975 million in increased health spending. Energy: Zambia says solar capacity has reached 1,027MW, surpassing its 2026 target, as total installed power capacity rises to 4,722MW. Hichilema says transmission investment must keep pace with generation growth. Economic Outlook: Moody’s gave its sub-Saharan Africa outlook a positive turn, naming Zambia among eight countries with positive sovereign outlooks, while warning that debt costs and climate risks remain. Hichilema also urged the IMF to support the Grow Zambia Agenda as talks begin on a successor programme. Investment: Hichilema invited UAE and Gulf investors to back projects in mining, energy, agriculture, manufacturing and infrastructure.
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