ZAMBIA Association of Manufacturers (ZAM) president Ashu Sagar says the sudden appreciation of the Kwacha will only trickle down to the cost of goods if there is stability. He says with long-term stability in the exchange rate, people will see goods pricing also stabilising, but not necessarily coming down. In the last week or so, the Kwacha has recorded notable gains of K2, trading at around K26 against the US dollar. In an interview, Sagar said while the Kwacha’s appreciation was welcome, “until you see some long to medium term stability, you cannot really plan”. ā€œThe Kwacha’s appreciation, of course, is welcome, but we have to be very mindful that as has been stated, we have had that volatility in...

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