AGP Executive Report
Last update: 3 hours agoInflation Watch: Zambia’s annual inflation eased again to 6.6% in May 2026 (from 6.8% in April), with food inflation slowing to 6.9% and non-food rising to 6.1%, signalling steadier prices but still-mixed cost pressures. Trade Balance: Zambia recorded a K3.5 billion trade surplus in April 2026, up from K900 million in March, as exports edged up while imports fell 9.3%, with non-traditional exports jumping 20.9%. Digital Economy: SMART Zambia and Huawei signed an MoU to build a National AI Data Centre and train 5,000 ICT professionals by 2028, aiming to roll out AI services across government ministries. Energy Access: Government received solar mini-grid equipment worth US$350,000 for Kaumbwe, including PV and battery storage for schools and rural health centres. Mining & Investment: Koryx Copper completed its move to Luxembourg and is advancing its Haib copper project in Namibia while building a Zambia exploration portfolio. Business & Finance: Abbey Mortgage Bank shareholders in Nigeria approved fresh capital raising, while IHS Towers flagged $45m invested in communities since 2017. Policy & Governance: Zambia launched a Kafue Flats ecosystem restoration project with WWF and the International Crane Foundation to protect wildlife and support livelihoods.
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