ECONOMIST Dr Lubinda Haabazoka has attributed the country’s trade deficit of K5.3 billion in the month of June to the appreciation of the Kwacha which has allowed citizens to import more goods. On Thursday, Zambia Statistics Agency (ZamStats) Acting Statistician General Sheila Mudenda announced that the country’s annual inflation rate for July 2025, had dropped to 13.0 per cent from 14.1 per cent recorded in June, representing a 1.1 percentage point decline. However, Mudenda noted that the country recorded a trade deficit of K5.3 billion in June 2025, a significant reversal from the K1.5 billion surplus registered in May. In an interview, Friday, Dr Haabazoka explained that due to the strengthening of the Kwacha against the Dollar, citizens were able...
