Zamtel uncertainty leading to Kwacha depreciation – Dodia

Zamtel uncertainty leading to Kwacha depreciation – Dodia

The continued depreciation of the Kwacha against majorcurrencies has been attributed to uncertainties lingering over the reversal of the sale of Zamtel.

The value of the Zambian kwacha has in the recent pastnose divided due to the suspected erosion of investorconfidence.

The Zambian Kwacha has in the recent past fetched above five thousand kwacha to one US dollar.

The Private Sector Development Association warns that the prospective reversal of the sale of ZAMTEL and other firms is eroding investor confidence.

Association Chairperson, Yusuf Dodia notes that the developments have createdanxiety among investors.

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