AGP Executive Report
Last update: 7 hours agoCopper Investment: Barrick says its African mines helped lift third-quarter gold production, while Zambia’s Lumwana expansion is expected to raise copper output to 240,000 tonnes a year from 2028. At Mopani, a US$1.1 billion investment plan targets 300,000 tonnes of finished copper annually by 2029. Trade and Diplomacy: Zambia and Algeria are eyeing stronger mining and energy ties. With Canada’s High Commission reopened in Lusaka, Zambia is targeting a doubling of trade and investment within five years, with mining, agro-processing and renewable energy in focus. Power Ambition: Antonio Mwanza questions whether Zambia can reach 10,000MW of generation by 2031: capacity stands at 4,722MW, requiring another 5,278MW in five years. Public Finances: Government debt reached US$30.89 billion at end-June, while a reported US$275 million saving from a Eurobond buyback is earmarked for grid resilience. Regional Markets: Malawi’s Nasfam plans to expand rice production and exports, citing strong enquiries from Zambia and other regional markets.
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