Business

Kwacha shows recovery signs

KALONDE NYATI and MUSYANI CHISHIMBA, Lusaka
THE Kwacha has continued to recoup its losses against the United States dollar and could receive more support from exporters looking to convert the greenback to settle tax obligations.

Zanaco Bank says in its daily treasury newsletter that the Kwacha is expected to remain on the front foot owing to tax obligation settlements and proceeds from yesterday’s Treasury bill auction.
Trading range was yesterday expected to be between K9.90 and K9.98 in the short term.http://epaper.daily-mail.co.zm/

Tender

Facebook Feed