FINANCE Minister Dr Bwalya Ng’andu says ZCCM-IH’s acquisition of Mopani Copper Mines will help cushion the kwacha’s depreciation because the inflow of foreign exchange into Zambia is expected to improve. The Minister was speaking in Parliament, Tuesday, in response to a question by Moomba UPND member of parliament Fred Chaatila, who asked Dr Ng’andu what the cause of the kwacha’s sharp depreciation against major convertible currencies was; and what measures were being taken to avert the local currency’s further depreciation. In response to a follow-up question by Chama South PF member of parliament Davison Mungandu, who wanted to find out the extent to which the acquisition Mopani and Konkola Copper Mines (KCM) would cushion the kwacha’s depreciation, Dr Ng’andu argued...
