News

Stable Kwacha impresses Lungu

CHIMWEMWE MWALE, Lusaka
PRESIDENT Lungu is happy that the Kwacha has stabilised and held firm for almost a month after it earlier plummeted against major currencies.
And President Lungu is soon expected to address the nation with a view to outlining the outlook for 2016 in various sectors of the economy.
Special assistant to the President for press and public relations Amos Chanda said the trends in the economy are due to measures announced by President Lungu in his address to Parliament and later to the nation through a press conference.
The Kwacha has in the past three weeks been on track and recorded stability which is key for easy planning by various stakeholders.
It is now trading below K11 to a dollar.
Copper prices have also shown some recovery signs and posted a rise of US$93.50 and is now fetching US$4,645.50 per tonne.
Mr Chanda said in an interview yesterday that President Lungu has inspired confidence in the business community who now understand that Government is also making efforts to ensuring energy security.
He said President Lungu’s administration is further creating confidence by diversifying the economy and stabilising the local currency.
And President Lungu will before the close of this year address the nation with a view to giving an outlook for 2016 in different sectors of the economy.
Mr Chanda said the President is expected to emphasise that “everyone should play by the rule.”
He said President Lungu will also emphasise and push the diversification agenda and the need to grow non-traditional exports.
Mr Chanda said the head of State will emphasise on infrastructure development in a streamlined manner, based on public private partnership through the Alexander Chikwanda-led Public Private Partnership Council.

About the author

Web Editor

Send Your Letters

Facebook Feed

Ad1