AGP Executive Report
Last update: 2 hours agoCopper Trade: Zambia’s copper exports to China could partly be settled in renminbi from next year, Bank of Zambia Governor Denny Kalyalya said, offering businesses another payment option and potentially reducing currency-conversion costs. Renewable Energy: Kenya’s Solarise Africa secured a US$1.12 million grant to expand into Zambia and Uganda, with plans to install 3MW of solar and storage capacity for businesses and social institutions. Power Supply: The Zambezi River Authority cut Kariba’s 2027 water allocation for power generation to 23 billion cubic metres, down from 36 billion this year, citing forecasts of below-normal rainfall—raising fresh concerns for electricity supply. Mining Investment: ZCCM-IH and IRH reaffirmed a US$1.1 billion commitment to Mopani Copper Mines, which aims to produce 300,000 tonnes of finished copper annually by 2029. Economic Outlook: The IMF raised its 2026 sub-Saharan Africa growth forecast to 4.5% but warned inflation is worsening and debt costs remain high. Zambia’s separate US$1.47 billion staff-level agreement with the Fund was welcomed by the Economics Association of Zambia.
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