February inflation rises to 9.6%
• Annual Inflation rate for the month of February 2023 has increased to 9.6 percent from 9.4 percent recorded in January, 2022.• This means that
Tag : kwacha
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 expected to continue stabilizing
• On Monday and Tuesday last week, the local unit depreciated by 0.32% but gained on Wednesday to Friday by 0.38 %.• During the second
IMF approves US$1.3 billion 3 year program to Zambia
•IMF is proud to support Zambian governments actions aimed at restoring macro-economic stability. •The decision is also a major Mile stone for the G20 Common
Domestic economic performance improved in first half of 2022 – Economist
• So far the performance has been good and it’s full of promise.• The Kwacha has strengthened against major convertible currencies such as the US
Kwacha appreciation cheers Car Dealers
• Appreciation of the Kwacha is a good move in the right direction.• The positive performance of the currency gives confidence to clients.• The only
MOF explains Kwacha appreciation, inflation rate
• Appreciation of the Kwacha and reduced inflation rate are not contradicting with the high prices of goods• Single digit inflation of 9.7 percent means
Kwacha rebound attributed to improved US dollar supply
• Last week, the Kwacha appreciated by more than 2.5 percent.• This was due to improvement in terms of supply on the interbank market.• The
World Bank to provide Zambia with funds amounting to US$275 million
• The Bank is providing sizeable positive net flows to Zambia.• Under IDA19, the Bank is committing approximately $959 million.• U$$294 million has already been
Economist expects BoZ to maintain Monetary Policy Rate
• Bank of Zambia is going to keep the Monetary Policy Rate at 9 percent.• Inflation forecasts are indicating that inflation is slowing down to