COMMERCE, Trade and Industry Minister Chipoka Mulenga says accepting the Chinese currency for mining taxes will enable the country to save costs. According to a report by Bloomberg, Zambia has started accepting China’s Yuan for mining taxes and royalties, becoming the first African nation to do so. Meanwhile, economist Trevor Hambayi said the country should have waited until the Yuan became a widely recognized international trading currency before making such a move. Commenting on this in an interview, Saturday, Mulenga said accepting mining taxes in Yuan would be a gain for the country as it would save costs, adding that the benefits would trickle down to citizens. “China has a major trading currency, and [we] have accepted it because they...