AFTER months of volatility, the Kwacha has recorded notable gains. During the first quarter of the year, the local currency steadily depreciated, nearly hitting K29 to the dollar. However, according to Zanaco’s Indicative Forex Rates update, the Kwacha appreciated on Wednesday, closing the day at K27.2. By Thursday morning, it opened stronger at K26.7. Financial analyst Yusuf Doldia attributed the appreciation to an increase in Zambia’s export earnings entering the commercial banking system. “We may have a situation where we are seeing some of Zambia’s export earnings coming into the economy and they are filtering into the commercial banking system, indicating that there is more forex available than is being demanded by the public and by businesses and that leads...