AGP Executive Report
Last update: 5 hours agoDigital Economy: Airtel says Zambia needs 10 million smartphones over five years to support the Grow Zambia agenda, arguing device access and mobile financial services are essential infrastructure. Mining and Trade: President Hakainde Hichilema has agreed to reset ties with Trafigura, seeking more investment, jobs and local refining as Zambia targets three million tonnes of copper production annually by 2031. 2027 Budget: The K284.8 billion plan targets 4.9% economic growth, with proposed tax changes including a 39.5% top PAYE rate for monthly incomes above K37,000. Investment and Energy: Government is working to remove bottlenecks to power projects as it pursues 10,000MW of generation capacity by 2031; the Zambia–Lobito railway is also moving towards financial close. Business Finance: Access Bank Zambia plans to expand lending to agriculture and SMEs, including across the farming value chain. Copperbelt: Konkola Copper Mines reports a 21% rise in copper output and the reopening of Chingola “B” Mine after 18 years.
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