THE Zambia Institute for Policy Analysis and Research (ZIPAR) says the depreciating Kwacha is a source of concern. According to the Bank of Zambia daily market rates, the Kwacha was buying at K20.6295 against the US dollar and selling at K20.6720 as at 12:30 hours, Monday. Asked about the impact of the Kwacha performance on investments, ZIPAR Executive Director Dr Herrick Mpuku said in an interview, Monday, that the impact could not be determined now. “I wouldn’t try to zone in specifically on the exchange rate, the way I put it myself is that the macroeconomic instability which is a short-term instability in the economy represents uncertainty, and that uncertainty, business does not like uncertainty. So the fact that there...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe