Kwacha depreciation negatively affecting local SMEs
• The continuous free falling depreciation of the Kwacha against major convertibles is quickly turning into a serious business nightmare.• Local small and medium businesses
Tag : Kwacha against foreign currencies
Kwacha hits K21 mark, threatens economic recovery
• The continued depreciation of the Kwacha is becoming of concern.• It threatens the recovery in terms of economic activity seen in the last two
Protracted debt restructuring continues to exert pressure on Zambian Kwacha
• This has put Zambia in a very difficult situation.• Investors are looking at the protraction of the debt restructuring process as a hindrance to
Kwacha continues on back foot
• The recent bond auction by Bank of Zambia indicates that only about 37% was realized from the targeted K2.6 billion.• This is a true
Kwacha depreciation persists
• The Kwacha has continued to be under pressure.• People thought the visit by IMF Managing Director was going to have some kind of influence
Kwacha likely to reach K19 per US dollar this month-end
• The Kwacha is not performing very well.• It has been losing its value and might reach K19 per US dollar by the end of
Economist calls for more agriculture production to increase FOREX earnings
• Zambia is supposed to be a producing country.• Producing more for exports can enable the country have more foreign earnings to stabilize the Kwacha•
Kwacha rose sharply in December, 2022-Economist
• The Kwacha has not been doing well.• It has been climbing from last year December 2022.• The currency rose sharply from the beginning of
BoZ aims to see local currency between K17 to K21 in medium term – Economist
• In the medium term the ones that handle currencies which is the Central Bank, have already done their plan.• They have established that between
Kwacha closes 2022 weaker trading at K18.26
• There has been consistency in terms of depreciation of the Kwacha in the past three months.• This is due to the dwindling of the