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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: