AGP Executive Report
Last update: 4 hours agoFuel Watch: Zambia’s Energy Regulation Board cut July pump prices, with petrol down K1.00/litre and diesel down K4.00/litre, easing costs as oil prices softened and the kwacha firmed. Energy Security: ZEMA approved a USD 1.1bn crude oil refinery by ZPEC in Ndola, targeting 3 million tonnes of refined products a year to reduce import dependence. Macroeconomy: The IMF said Zambia has restored stability with reserves at about $6.4bn and inflation easing to 6.8%, but warned election-period fiscal pressures are rising. Elections Logistics: The ECZ began printing August 13 ballot papers in Dubai, proceeding on schedule despite some stakeholders not attending. Payments & Inclusion: Absa Bank Zambia launched digital payment tools like virtual cards and mobile/wearable payments to support a faster, safer digital economy. Agribusiness: GTAZ expects to buy about 600,000 MT of maize this season, but warns export prospects are hit by regional price volatility. Tourism Push: Zambia targets 5 million international tourists by 2030, citing marketing, visa liberalisation and better air connectivity. Regional Trade: Central banks agreed interoperable payment systems are key to boosting cross-border trade and AfCFTA implementation.
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