AGP Executive Report
Last update: 7 hours agoCredit Outlook: Moody’s upgraded Zambia’s rating from Caa2 to Caa1, keeping a positive outlook and citing a sustained improvement in the government’s debt trajectory. Trade Infrastructure: A consortium led by Webuild has been selected for the Zambian section of the Lobito railway, a 517km link from the Angolan border to Chingola; contract talks are due to begin this month. Local Manufacturing: The IDC and China’s Jijia signed a US$213 million joint venture to build a vaccine plant, with the IDC holding a 60% stake. Business Hours: Shoprite says it is still assessing the costs and operational demands of moving to 24-hour trading. Fuel and the Budget: Gertrude Imenda urged government to use some foreign reserves to cushion fuel prices, but the Vice-President ruled this out. Ahead of Friday’s 2027 Budget, calls are growing for a broader tax base rather than heavier reliance on workers and businesses. Energy Investment: Government is seeking private-sector funding to help reach its target of 10,000MW of generation capacity by 2031.
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