AGP Executive Report
Last update: 2 hours agoMining: ZCCM-IH and IRH reaffirmed a $1.1 billion commitment to Mopani Copper Mines, which is targeting annual output of 300,000 tonnes by 2029. The partners are also exploring wider mining opportunities. Energy: Zambia’s generation ambitions need matching investment in transmission and distribution. Installed capacity is 4,722.3MW and solar has passed 1,000MW, but a stronger grid is needed to deliver more power to businesses. Investment and debt: The proposed $1.47 billion IMF programme and Moody’s projection of a steep debt decline could lift investor confidence, though the deal still requires approval. Agriculture: Millers support ending Treasury funding for the Food Reserve Agency next season, but want clarity on how it will sell existing maize stocks to finance operations. Fuel and trade: The Beira–Feruka pipeline expansion is set to increase capacity by 67% by 2027, with a forum in Livingstone planned to discuss reliable fuel supply for Zambia and the region. Copper markets: A global refined-copper surplus is forecast to more than triple by 2027, as supply growth outpaces demand.
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