WEEKLY ECONOMIC RECAP 39TH EDITION

1.???? EU gives Zambia €20m

The European Union (EU) has given Zambia €20 million (about K580 million) to finish building eight stalled school infrastructures before the end of next year. https://www.dhirubhai.net/posts/zambia-daily-mail_eu-zambia-activity-7250435944078594049-X4Qv?utm_source=share&utm_medium=member_android

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2.???? ERB approves Zesco tariff hike for high consumers, reduces for low consumers?

Energy Regulation Board (ERB) has approved the second application by Zesco Limited for an upward adjustment of electricity tariffs for commercial customers who consume above 500 units. The increment is effective November 1 and runs until January 31, 2025. https://www.dhirubhai.net/posts/zambia-daily-mail_energy-regulation-board-erb-has-approved-activity-7250435216182284288-ljpt?utm_source=share&utm_medium=member_android

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3.???? UCF to add 45MW to national grid

United Capital Fertiliser's (UCF) urea plant in Chilanga is more than just an industrial achievement, it embodies the synergy between economic investment and community development. As construction progresses, this US$900 million project is poised to contribute 45MW of surplus power to Zambia's national grid, driving both production and long-term prosperity. With a focus on local talent and resources, UCF is advancing energy security and industrial growth for a sustainable future. https://www.dhirubhai.net/posts/zescolimited_openaccess-partnerships-ucf-activity-7248729036867194880-crdS?utm_source=share&utm_medium=member_android

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4.???? $50 million Kalabo road deal signed

Zambia and the Arab Bank for Economic Development in Africa (BADEA) have signed a US$50 million cooperation agreement for construction of the Kalabo-Sikongo-Angola road. https://www.dhirubhai.net/posts/zambia-daily-mail_zambia-badea-activity-7248976788041678849-4sYC?utm_source=share&utm_medium=member_android

Written By: Naomi Bukasa & Robson Kofi