Zambia technical group to probe kwacha weakness

Zambian Finance Minister Katele Kalumba said on Dec 22 the government had appointed a technical committee to study the kwacha's weakness and recommend ways to stabilise the currency.

Kalumba said that the group was studying, among other issues, a proposal to ask foreign investors to retain 75 percent of their profits within Zambia instead of shipping all their earnings to offshore accounts.He said central Bank of Zambia Governor Jacob Mwanza had in recent days spoken to mining companies - the