AGP Executive Report
Last update: 4 hours agoMining Ownership Shift: Cementation Africa has moved out of Murray & Roberts and business rescue into a new ownership structure with Differential Capital, aiming to refocus on underground contracting and rebuild its African footprint. Macro Stability: Zambia’s gross international reserves hit a historic US$6.5bn, a boost for confidence and foreign-currency buffers. Monetary Policy: The Bank of Zambia cut the Monetary Policy Rate to 13.25% as inflation stays within target, citing a favourable maize harvest and steadier kwacha—an easing signal ahead of elections. Copper Watch: Q1 2026 copper output fell 4.27% to about 208,992 tonnes, though officials point to stronger performance from some large-scale mines. Industry & Power: Mulungushi Textiles in Kabwe reopened and is swamped with orders, while Copperbelt Energy Corporation pushes more solar to keep mining power reliable. Trade & Deals: Zambia’s industry chief welcomed China’s zero-tariff expansion to 53 African countries, and Zambia-US ties were reaffirmed around projects like Mingomba.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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