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Toyota upbeat about strong Kwacha

TRYNESS TEMBO, Lusaka

CFAO Motors Zambia Limited says the continued appreciation and stability of the Kwacha will increase the purchasing power of the public and positively impact on the business community. Currently, the Kwacha is oscillating between K15.40 and K15.65 on the bid and offer respectively. National sales and marketing manager responsible for Toyota and Automark brands, Andreja Ursic, said in an interview yesterday that the good policies of the new dawn government have resulted in the stability of the local currency. “The Kwacha has appreciated against other major currencies, which will positively impact on the business community because of increased purchasing power,” Mr Ursic said. He also said CLICK TO READ MORE