AGP Executive Report
Last update: 4 hours agoMacroeconomic Stability: Finance Minister Situmbeko Musokotwane says Zambia will protect the inflation gains of the past five years, while the 2027 budget will be growth-focused through jobs, new mines and deeper agriculture participation. Transport & Trade: Musokotwane argues Zambia needs railways because roads cannot move planned volumes of maize, copper and other exports, pointing to the Tanzania-Zambia Railway and Lobito Corridor, with Public-Private Partnerships to fund infrastructure. Mining Innovation: First Quantum says its Quantum Electra-Haul electric trolley-assist system is cutting diesel use by up to 90% at Kansanshi and Sentinel and improving haul efficiency. Power & Industry: ZDA signed an agreement for a $450m, 450MW Ndola Vioqua thermal plant, targeting base-load power for mining and industry. Copper Tailings Recovery: KCM signed a $498m EPC contract with China NERIN for a copper recovery plant to extract copper from legacy tailings, aiming to turn waste into capacity. Anti-Corruption: ACC arrested three Itezhi-Tezhi officials over alleged theft of K16.7m from Social Cash Transfer funds. Digital Economy: Liquid launched a new K300 Liquid Home package and enhanced 4G options to expand affordable internet access. Food Security: Government says Zambia has enough maize stocks to cushion El Niño impacts, while FRA reports growing interest from buyers including Kenya and others. UN Engagement: Foreign Minister Mulambo Haimbe arrived in New York for UNGA81 to advance the Grow Zambia Agenda and Zambia’s Human Rights Council bid. Business Environment: Lusaka City Council moves to ease congestion with road expansion, truck diversions and dedicated bus lanes. Finance Sector: LECON Finance (BOI subsidiary) received ‘B’ ratings from S&P Global Ratings, citing expected parental support.
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