AGP Executive Report
Last update: 2 hours ago2027 Budget: Zambia’s proposed K284.8 billion budget puts 82.1% of financing on domestic sources and seeks an extra K10.8 billion in revenue, raising questions about how much households and businesses can contribute. The ZRA has urged taxpayers to comply as government pursues greater self-reliance. Economic Outlook: Government is targeting 4.9% growth in 2027, inflation of 6–8% and a deficit no higher than 3% of GDP. Infrastructure: Preferred bidders have been selected for the 830-kilometre Zambia–Lobito railway, a project estimated to cost $3–5 billion. Contract talks are expected to begin this month, with the line intended to link Zambia’s mineral and agricultural exports to Angola’s Atlantic port. Debt and Credit: Zambia is among African governments leaning more on domestic borrowing as Eurobond repayments approach, a strategy that can reduce exposure to dollar debt but brings repayment deadlines closer. Moody’s recent upgrade of Zambia’s credit rating offers a brighter backdrop for financing.
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