AGP Executive Report
Last update: an hour ago2027 Budget: Zambia’s proposed K284.8 billion budget relies on domestic revenue for 82.1% of funding and targets growth near 5%, while cutting the deficit to 3% of GDP from 5.9% this year. New tax measures are expected to raise K10.8 billion; a K5 billion loan-guarantee scheme aims to expand small-business access to finance. Lobito Corridor: The Zambia–Lobito railway is moving towards financial close, with preferred construction bidders selected and prospective users indicating demand for about two million tonnes of freight annually. The 830-kilometre link would give Copperbelt exports direct access to Angola’s Atlantic port. Industry and Trade: Government says work is under way to make the 24-hour economy fully operational and lift manufacturing’s share of GDP from 9% to 30% within five years. The consumer watchdog is also seeking to replace the competition law to reflect changing business and consumer needs. Mining: Copper output is projected at 930,000 tonnes this year, with the government promising a stable fiscal regime as it pursues a three-million-tonne annual target by 2031.
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