AGP Executive Report
Last update: 4 hours agoInvest-Zambia/IZIC Push: Zambia’s ZDA targets over US$5bn in new deals at the Invest-Zambia International Conference in Lusaka (Dec 9-11), aiming to turn investor interest into signed projects that create jobs and lift livelihoods. UK Investment Drive: President Hakainde Hichilema urged the UK to scale up investment under the Grow Zambia Agenda, pointing to clean energy, agriculture and mining as priority areas. Fuel Cost Shock & ERB Guidance: Fuel prices jump again—petrol up to K31.46 and diesel to K33.27—while ERB says monthly reviews remain cost-reflective and that taxes/levies returning after earlier relief are part of the picture. IMF/World Bank Outlook: Zambia is in talks with the IMF on a successor programme focused on growth and jobs, while the World Bank says Zambia may qualify for loans next year depending on macro performance. UAE Deals & Local Content Pressure: Zambia signed MoUs worth about US$2.14bn with UAE investors, including a medical city, and the President told Gulf firms to comply with local procurement rules as copper output targets rise. Telecoms to Deliver Value: Government challenged telecoms to move from connectivity to digital services with real economic use, as MTN Zambia appoints Joshua Sichinga as Chief Consumer Officer. ZESCO Reliability Move: ZESCO relocated a backup generator from Heroes Stadium to Levy Mwanawasa Stadium to reduce event-related power interruptions. Environment Governance: Government dissolved the ZEMA board, saying a new board will be announced within two weeks.
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