AGP Executive Report
Last update: 6 hours agoMining Investment: Barrick says it has committed $795 million to Lumwana’s $2 billion expansion, which is expected to lift annual copper output to 240,000 tonnes and support 30 years of production. 2027 Budget: The K284.8 billion plan targets 4.9% growth, but farmers warn proposed tax increases—including on income and mobile-money transactions—could raise operating costs and curb reinvestment. Power Generation: Energy Minister Peter Kapala is seeking to clear investor bottlenecks, including delays in power-purchase agreements, as Zambia pursues 10,000MW of capacity by 2031. Digital Access: Airtel says Zambia needs 10 million more smartphones over five years, arguing wider access is key to economic growth and digital services. City Revenue: Lusaka City Council says weekly collections have risen more than 320% to K21 million following street-vending reforms. Regional Trade: Mozambique’s new pasta plant in Nacala is planned to serve local demand and exports, with the port and logistics corridor linking the market to Zambia and Malawi.
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