AGP Executive Report
Last update: 6 hours agoAAUA Leadership: Lucky Aiyedatiwa appoints Prof Tomola Marshal Obamuyi as Vice-Chancellor of Adekunle Ajasin University, Akungba-Akoko, after a competitive selection process. Court & Safety: Lusaka Magistrates’ Court sentences Chinese businessman Zhao Bin to 10 months for assaulting a female police officer on duty. Inflation & Growth: Zambia’s inflation eases to 6.5% in June (lowest since early 2018) as food and non-food prices soften, while GDP growth accelerates to 7.7% in Q1 2026. Central Bank Payments Reform: Bank of Zambia phases out cheques, setting June 26 as the last day for interbank clearing, pushing customers toward digital payments. Pensions Dividend: NAPSA receives a K3.2m dividend from BAT Zambia, reinforcing returns for the pension fund. Mining Investment Pulse: ZDA points to billions in mining investment as Zambia targets 3m tonnes of copper by 2030, highlighting First Quantum’s Kansanshi S3 expansion. Infrastructure & Energy: Mansa Airport upgrade (over K740m) advances with runway works nearing completion; meanwhile, Wonderful Group reports 80% procurement progress on a 600MW thermal power plant substation in Sinazongwe. Regional Trade & Finance: Visa and FMBcapital sign a five-year digital payments deal across Southern Africa, while Afreximbank reports intra-African trade rising 5.5% to $213.8bn in 2025, with Zambia among beneficiaries.
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