FORMER PF deputy secretary general Mumbi Phiri says the kwacha is now trading at around K26 against the dollar because it is not yet 14:00 hours, as promised by President Hakainde Hichilema while in opposition. Commenting on the continued depreciation of the Kwacha against the dollar, Phiri wondered if President Hichilemaās investor friends had lost confidence in him. āWe have seen the Kwacha, it was closing at K26.1 yesterday. 14:00 hours tailakwana (it’s not yet 14:00 hours), we are still waiting, we are still in 2021. And because before when they were not in power, they told us that the Kwacha was depreciating because the investors didnāt have confidence in the Patriotic Front. We left it at 17 [kwacha] to...
