AGP Executive Report
Last update: 8 hours agoCabinet and Growth: Hakainde Hichilema swore in 24 ministers, including Zambia’s first woman mines minister, Brenda Tambatamba. The new team will pursue the Grow Zambia Agenda, including a 2031 target of 3 million tonnes of copper. Power Supply: Government says installed generation capacity has risen to 4,722MW from 3,777MW in 2024, a boost for businesses facing power constraints. Public Borrowing: Economist Bright Chizonde warns that plans to borrow K18 billion locally could push up interest rates and squeeze private businesses’ access to credit. 2027 Budget: ZCTU is calling for lower PAYE rates, while ZIPAR says keeping rates unchanged would protect revenue for development spending. Investment and Trade: Hichilema urged Swiss companies to expand investment in Zambia, while Webuild was named preferred bidder for the Zambian section of the Lobito Corridor railway, which aims to speed mineral exports to the coast.
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