AGP Executive Report
Last update: 10 hours agoPower Supply: Two 135-tonne transformers have reached Livingstone for Zambia’s 600MW Sinazongwe power project, a key step toward adding generation capacity. Regional Energy: Dangote launched a $2.5 billion fuel-storage and pipeline project in Namibia, with a planned route that could connect Zambia and other landlocked markets to Walvis Bay. The 600-million-litre facility aims to strengthen regional fuel security. Mining: Mines Minister Brenda Tambatamba says holders of dormant licences must find partners or surrender them so capable investors can develop the resources. Credit Outlook: Moody’s upgraded Zambia to Caa1, citing progress in debt recovery and an improving outlook for public finances. Power Investment: ZESCO reportedly owes independent power producers $109.7 million, underscoring the payment challenges facing efforts to attract private investment in electricity. Prices: Zambia’s annual inflation edged up to 6.3% in October as fuel prices rose again, adding pressure on households and businesses.
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