AGP Executive Report
Last update: 10 hours agoUS-linked Financing for Zambia’s Private Sector: Zambia’s ambassador to the US, Dr Chibamba Kanyama, says eligible projects involving American goods, services and partners could access alternative financing and insurance, easing pressure from high local interest rates and collateral demands. Mining Deal-Making in Perth: Zambia’s Africa Down Under showcase in Perth was oversubscribed, with bilateral talks drawing major miners including Fortescue, Teck Resources and BHP, as ZCCM-IH shifts toward active partnership. Anti-Money Laundering Upgrade: Attorney General Mulilo Kabesha says Zambia improved under FATF standards, with three areas upgraded—beneficial ownership, financial institution supervision, and oversight of designated non-financial businesses—moving the country toward compliance on 38 of 40 recommendations. Digital Government Push: Secretary to the Cabinet Patrick Kangwa directed all public institutions to adopt and use the Smart Office Platform, with onboarding progress reports due by end of October. Food Security Assurance: The Food Reserve Agency says it has measures to prevent maize spoilage ahead of expected rainfall, including tents, chemicals, fumigation and satellite depot handling. Public Finance Watch: Zambia’s PAC leadership question returns as debate grows over whether the next chair will keep tightening scrutiny on spending and accountability. Corruption Case: A Mwaka Freight Cargo customs official was jailed two years for offering a K70,000 bribe to secure release of impounded trucks. Business Risk Alert: Commentary flags National Breweries’ weak balance sheet, warning the company may face insolvency concerns under Zambia’s law.
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