FINANCIAL Economist Bright Chizonde argues that macroeconomic stability alone does not guarantee a conducive business environment. Last week, Bank of Zambia Governor Dr Denny Kalyalya said the country was now at a point where macro-stability had emerged, significantly improving the business environment. In an interview, Monday, Chizonde said as much as he agrees with the governor’s assessment of improved macroeconomic stability, other factors such as the cost of input and availability of power should be considered. He added that investors cannot come and invest where there was no power. “I agree with the assessment by the Governor that there is evidence of improved macroeconomic stability. Inflation has dropped, growth is increasing, and now we are experiencing a more stable exchange...