AGP Executive Report
Last update: 8 hours agoMining: First Quantum Minerals reported a sharp Q3 rebound, with gross profit of US$678 million and EBITDA of US$844 million, as production rose and stronger copper prices lifted earnings. Investment & Trade: President Hakainde Hichilema urged Swiss businesses to invest beyond copper and partner with local firms, following talks with a delegation including major commodity traders and logistics companies. Digital Finance: MTN Group’s fintech chief visited Zambia to discuss expanding digital payments, financial access and support for government digitisation. Infrastructure: Webuild-led consortium was named preferred bidder for the Zambian section of the Lobito Corridor railway, a 517-kilometre link expected to cut freight journeys to international markets from 16 days to seven. Public Finance: Hichilema told his new Cabinet that “the safes are empty” and called for spending discipline, as the government’s expansion to 30 ministries draws scrutiny over its cost. Zambia’s 2027 budget presentation has been postponed to November 6.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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