ECONOMIST Noel Nkoma says further appreciation of the Kwacha could hurt exports, stating that the local currency needs to strike a balance of between K20 and K22. Nkoma was commenting on the continued appreciation of the Kwacha, which was buying at K19.38 and selling at K19.75 as of Friday, according to Zanaco rates. In an interview, Saturday, Nkoma emphasised that Kwacha appreciation was not bad at all, but the country needed to strike a balance. He said the main driver of the Kwacha appreciation was the copper boom, stating that the country needed to maximise the boom in terms of revenue realisation. “Now, the long and short of it is that the main driver is the copper boom, the demand...




