AGP Executive Report
Last update: 11 hours agoManufacturing & Jobs: ZAFFICO has started work on Zambia’s first particle board factory, a $25m project to cut import dependence and lower costs for ceiling boards and furniture, with about $18m already committed to design, production and installation. Inflation Watch: ZamStats says annual inflation eased to 6.2% in August from 6.5% in July, helped by slower food and non-food price rises, keeping it within the Bank of Zambia’s 6–8% target band. Cost of Living: ZNS cut Eagles breakfast mealie meal from K250 to K185, while roller mealie meal is now K145, aiming to ease household pressure. Banking & Growth: NMB says it is expanding productive-sector lending, especially mining, after securing over $200m in external lines of credit to boost financing capacity. Trade & Payments: eZi Remit and Mastercard Move are teaming up to speed up cross-border remittances from South Africa to 25 countries, including Zambia, using bank, mobile wallet and cash channels. Cybersecurity: Government warns cyber risk is now both an economic and security issue as mobile subscriptions rise and cyber incidents continue to be reported. Legal/Politics: Police have taken opposition leader Brian Mundubile into custody over alleged treason amid a wider post-election dispute and court closure fallout.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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