Kwacha Performance Due To Investor Confidence In The New Government
By Lukundo Nankamba
Economist Noel Kabwita is confident that the kwacha will continue performing competitively against the world’s major convertible currencies such as the US dollar due to increased investor confidence in the new government.
The kwacha has been on a stable trajectory for the past few days positioning a renewed confidence with above 8 percent gain according to financial players.
Mr. Kabwita who attributes the gain to a sound economic management track record of the incoming government, says the performance of the kwacha will ease the cost of doing business in the country especially for the private sector.
He explains that this will in turn promote sustained economic growth and regional trade as most cross-border traders depend on the stability of the local currency to boost their businesses.
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