AGP Executive Report
Last update: 5 hours agoPension and Education Reforms: President Hakainde Hichilema has signed five Bills into law, including four pension reform measures that raise the minimum pension to K2,327, unlock advance lump sums for about 30,000 retirees, and improve savings for 1.2 million NAPSA members, plus an Education (Amendment) Bill that enshrines free education. Kwacha Boost: The kwacha has strengthened into the K17 bracket, trading around K17.65–K17.91 per US dollar, supported by copper earnings, a projected bumper maize harvest, and improved debt management. Copper Policy Move: Zambia has extended the 10% export duty waiver on copper concentrates to September 30 to ease pressure from smelter maintenance and processing constraints, covering 271,742 tonnes. Mining Capital Push: Vedanta’s CopperTech Metals is seeking a New York listing to fund Zambia’s copper expansion, while Jubilee Metals says its Roan concentrator is back to full operations after maintenance. Election Integrity and Safety: ZRA has dismissed social media claims that it impounded Tonse Pamodzi Alliance campaign trucks, saying investigations found the allegations false; government also warned against sharing an alleged AI-generated post-mortem video of Edgar Lungu. Agriculture Outlook: The agriculture union ATPSUZ expects a record 5 million metric tonnes maize harvest for 2025/26, citing policy support for farmers. Regional Climate Watch: Government says it is monitoring a possible second wave of El Niño and will rely on local assessments before updating the public. Business and Trade Finance: AfDB approved a US$125m equity investment in ATIDI to expand trade, credit and political risk insurance, and Africa Finance Corporation raised a record $2bn syndicated loan for critical-sector investments.
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