Miles Sampa happy with Kwacha gains

Zambia’s government is happy with the near-10 percent appreciation of the kwacha against the dollar this month, and does not believe it will strengthen to the point that exporters suffer, deputy finance minister Miles Sampa said on Wednesday.

“We are happy that the good economic and monetary fundamental indicators are being depicted in the value of the kwacha,” he told Reuters. “We are confident that the kwacha will not appreciate to extreme levels that will hurt exporters.”

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