AGP Executive Report
Last update: 2 hours agoDebt Management & Power Financing: Zambia secured 97.85% participation in the US$1.36bn Eurobond buyback, with government framing it as a debt-for-energy style move to cut future costs and support grid resilience. Banking & Credit Risk: The Bank of Zambia warned of rising non-performing loans among public workers, citing off-payroll borrowing, misrepresentation and weak lender underwriting, and urged stricter debt-service-ratio compliance. Engineering & Trade in Services: Zambia’s engineers gained access to practise in 25 jurisdictions after achieving Provisional Signatory Status to the Washington Accord, boosting prospects for exporting engineering services. Private Sector Reform Push: President Hichilema urged businesses to drive and monitor reforms, stressing results across power, agriculture and exports. Campaign Economy & Social Promises: On the Copperbelt, Brian Mundubile launched his “second independence” bid and pledged a civil servants debt swap plus action on miners and dumpsites, while Hichilema called for unity within UPND ahead of August 13. Regional Business Links: Zimbabwean professionals are increasingly moving into Zambia’s mining, agriculture and construction sectors, while Tanzania secured access to South Africa’s fresh banana market. Corruption Cooperation: Zambia’s anti-corruption delegation concluded a study visit to Ghana’s Office of the Special Prosecutor to strengthen investigations and asset recovery.
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