AGP Executive Report
Last update: 2 hours agoRegional Trade: President Hakainde Hichilema has urged COMESA members to trade more with one another, cut border delays and improve connectivity. Zambia has assumed the bloc’s vice-chairmanship and provided land in Lusaka for its new headquarters. Public Finance: Government is seeking a K19.9 billion supplementary budget, including K14.7 billion to pay maize suppliers after the Food Reserve Agency bought 2.7 million tonnes. Separately, the African Development Bank estimates Zambia needs $6.9 billion a year for structural transformation through 2030, with $5.4 billion still unfunded annually. Investment & Infrastructure: The ZDA has signed a $122 million agreement for a copper-processing project in Kalulushi, while Japan is providing a $6.17 million grant for railway maintenance. Business & Banking: The Bank of Zambia now requires commercial banks to notify it before importing or exporting foreign cash. Payments firm Nomba has also extended its DRC corridor into Zambia, enabling instant payments to local suppliers.
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