Education: WALKING ON THIN ICE [The Delicate Economic Case of ZAMBIA] – Tiliko slow! PILGRIM Tuesday, 16th August, 2022
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Education WALKING ON THIN ICE [The Delicate Economic Case of ZAMBIA] _____________ The reason the Kwacha has posted marginal gains in value is NOT because Zambia’s economy is doing well. This is a problem. A laudable and sustainable currency appreciation should result from improved forex receipts emanating from economic performance, a healthy balance of payments supported by actual economic activities. This is NOT the case for Zambia. Here are the reasons Zambia’s Kwacha has marginally appreciated: _____________ 1. Reduced imports by citizens [low credit in the economy; Zambians have no money] 2. Monetary tightening [the base rate increased by the...