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EIU revises cedi depreciation to dollar forecast to 23% in 2023; currency to remain 3rd weakest in Africa
20 Sep 2023 12:02 GMT
… will place the local currency as the third weakest in … the world’s most important currency, according to data from … the depreciation of the local currency to the dollar will be … 2023.
Meanwhile, Zambia kwacha will become the best performing currency in Africa …
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FNB Zambia co-arranges IFC Second Zambezi Bond to support Zambia's capital markets
11 Sep 2023 12:44 GMT
… :
First National Bank (FNB) Zambia has participated as co-arranger … floating rate note in Zambian kwacha and forms part of … additional issuances in the currency in future to raise … Bydon Longwe, FNB Zambia Chief Executive Officer.
FNB Zambia Head – Corporate …
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China-Zambia cooperation: All-weather friends
11 Sep 2023 14:02 GMT
… depreciation of the Kwacha, Zambia's currency, and put … , business and energy, Zambia could boost fiscal sustainability … ;invest in Zambia, produce in Zambia, buy in Zambia." The … eliminate structural barriers impeding Zambia's economic recovery …
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Cisanet fears for weakening kwacha
09 Sep 2023 07:17 GMT
… , the weakened kwacha and the current forex shortage continue to … For instance, scarcity of forex and intermittent fuel supplies … percent depreciation of the kwacha after conducting the third … with some informally exported to Zambia, Mozambique and Zimbabwe.
In …
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Fuel Prices Up Due to Global Oil Market Fluctuations and Currency Depreciation”
01 Sep 2023 04:05 GMT
The Energy Regulation Board (ERB) of Zambia has announced an increase in the prices of petrol, diesel, and jet fuel, citing a combination of rising international oil prices and the depreciation of the Kwacha against the US dollar.
Effective from midnight …
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Kwacha to oscillate between gains and losses
28 Aug 2023 09:56 GMT
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The Zambian currency is expected to stabilize in trading around K19.50 / K20.00 by the end of this third quarter.
Kwacha has lost some considerable marginal value against the US dollar at the back of outstripped supply coupled with dynamics of …
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Kwacha fluctuations may continue until mining sector issues are resolved – Fundanga
25 Aug 2023 07:35 GMT
FORMER Bank of Zambia Governor Dr Caleb Fundanga says … comes to the kwacha’s performance against major currency convertibles. “I know … moving between 18 and 19 [kwacha] for some time. Obviously, … very well it affects the Kwacha. Production of Copper has not …
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Zambia Inflation Slows Even Before Currency Rally Registers
29 Jun 2023 09:17 GMT
Zambia’s inflation rate fell to a four-month low in June on food prices, and is set to decline further when the impact of a recent rally in the kwacha seeps through.
Annual inflation eased to 9.8%, from 9.9% in May, Statistician-General Mulenga Musepa told …
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Zambia Kwacha Jumps Most in Seven Years on Debt Revamp Optimism
20 Jun 2023 18:50 GMT
(Bloomberg) -- Zambia’s currency advanced the most in seven … on restructuring its debt.
The kwacha rose almost 12% to as … .
The gains follow news that Zambia and its official creditors have … economic growth.
A resolution of Zambia’s debt crisis is seen …
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Kwacha depreciation persists due to foreign exchange demand
05 Aug 2023 13:04 GMT
… States dollar.
The currency has opened the market … restructuring programme, the currency continues to face persistent … Continuous weakening of the Kwacha, against major convertible currencies … the local currency.
“The debt restructuring that Zambia recently …