AGP Executive Report
Last update: 7 hours agoMining: President Hakainde Hichilema told licence holders to develop idle assets or lose them, as Zambia pursues three million tonnes of annual copper production by 2031 and plans to raise local-content requirements from 20% to 40%. Copper Processing: A Chibombo plant is exporting copper rods and supplying cables and wires to local mines and builders; it reports about US$700,000 in cable sales, with another production line planned. Forestry: ZAFFICO says it has invested about US$41 million in value addition since 2018, including a US$30 million particleboard factory due for completion in 2028. Mining Finance: An Emirati investor has recommitted US$1.1 billion to Zambia’s copper sector after a dispute. Public Revenue: The Auditor-General found K626.64 million in mining penalties and K30.48 million in licence area charges remained uncollected, highlighting gaps in government revenue collection. Trade: Zambia plans to settle some copper sales to China in yuan from next year.
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