AGP Executive Report
Last update: 6 hours agoZambia-UAE Investment Push: President Hakainde Hichilema witnessed MoUs worth US$2.14 billion at the Zambia–UAE Business Forum in Abu Dhabi, with talks also pointing to a future Comprehensive Partnership Agreement to boost trade and investment under the Grow Zambia Agenda. Health Tourism Deal: Government signed an MoU for a US$2 billion Medical City in Lusaka’s Airport City, targeting specialist care and training to turn Zambia into a southern Africa health tourism hub. SME Support for the Lobito Corridor: The state disbursed over K16 million to 47 MSMEs with grants and machinery to raise production and help firms supply Angola and the DRC. Power for Copper Ambition: Hichilema said Zambia needs about 8,000MW to produce 3 million tonnes of copper annually, highlighting long-term power purchase deals and new energy investment opportunities. Fuel Market Competition Delayed: Zambia pushed back the return of open access to the Tazama fuel pipeline until January, extending the transition to competition. Governance & Compliance: Government suspended 2026 CDF loan empowerment after a 35% repayment rate, redirecting funds to recover outstanding balances. Education Expansion: Zimba District opened Africa Wesleyan University College, aiming for a first intake in January 2027. Legal/Politics: Lumezi South UPND candidate seeks nullification or a recount over alleged election irregularities. Church Case: Archbishop Alick Banda was arrested over a Toyota Hilux linked to the Zambia Revenue Authority, then released on bail.
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