Categories: Editor's Picks

Financial Expert ‘elucidates kwacha stability’

A Lusaka based Business and Financial Analyst has observed that the stability of the Kwacha in recent months has been necessitated by money flowing into Zambia from the Western World and the slowing global economic environment.
Munyumba Mutwale of Vennex Capital Zambia says America, the UK and Asia are currently sitting in excess money which that have no option but to invest it into emerging markets.
Mr. Mutwale says Zambia has been one of the emerging markets benefiting from the excess cash flow because the country has some of the highest Bond yields, but says the extra money is running out and the situation is expected to go back to normal.
He adds that the slowing global economic environment has also increased the internal demand and competition for the Kwacha due to increased economic activities leading to the domestic economy growing fast.
Mr. Mutwale says this is while there is a slowdown on import and export, which he says is only naturals as modern businesses are careful not to make decisions contrary to industry activities.
The Financial Analyst notes that Zambia has become a little more competitive because of increased domestic competition over the last 8 to 9 years.


_________________________________________________
MONEY FM IS ZAMBIA’S FIRST AND ONLY BUSINESS & PERSONAL FINANCE RADIO STATION. WE FOCUS ON BUSINESS AND MONEY-RELATED TOPICS, AS WELL AS GENERAL NEWS AND DISCUSSION OF WIDER SOCIAL TOPICS SUCH AS HEALTH, EDUCATION, FOOD, MUSIC, FITNESS AND MORE.
_________________________________________________

More From Author

Marketing Like A Prostitute

Ndiili Kunda and Michael Mulusa have an interesting conversation on hands-on marketing with Edwin Ngwane…

Read More

Future-Proofing Your Business Building

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Car Enthusiast’s Dream: Exploring High-Performance Models

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

ZICA calls for recruitment of registered accountants in Councils

Recruitment of registered accountants in local authorities will lead to significant improvements in financial management…

Read More

Electronic Export Proceeds Tracking Framwork receives US$1.4 billion

• Of this amount, only about US$500 million has been reconciled. • There is no…

Read More

ZCSA seizes non-compliant electrical items valued at over K290, 000

Non-compliant electrical products valued at K42,090 were withdrawn from the market and will soon be…

Read More