AGP Executive Report
Last update: 9 hours agoFarm Mechanisation: TulimeZed is building a digital marketplace to connect Zambian farmers with machinery for hire, helping smallholders access equipment without the cost of ownership. Energy Investment: At the Zim-Zam summit in Livingstone, ZESCO said it owes independent power producers US$109.7 million, including US$93 million to Karpowership. Leaders and investors called for reliable payments and stronger partnerships to unlock power projects. Credit Outlook: Moody’s upgraded Zambia’s rating to Caa1 from Caa2 and kept its outlook positive, citing progress on debt and fiscal reforms—a potential boost to investor confidence and borrowing conditions. Mining Integrity: The Financial Intelligence Centre says it uncovered a K1 billion mineral-smuggling syndicate from 2022 to 2024, involving illegally mined copper, gold and gemstones taken out of the country without taxes. 2027 Budget: Cabinet has approved the proposed national budget, which is due before Parliament on Friday.**
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