Tag Archives: Zambian Economy

Zambia: Zambias’ Outlook Positive – Yamba

Story from the Times of Zambia Website
SECRETARY to the Treasury Fredson Yamba has described the change in Zambia’s outlook from stable to positive by one of the world’s top three rating agencies Fitch as a testimony of the confidence the international community has in the way the Zambian Government is managing the economy. Read More

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Zambia: Rating Agency Fitch Revises Zambia’s Economic Outlook from Negative to Positive

Story from the Lusaka Times Website
Fitch Ratings has revised its outlook on Zambia’s Long-term ratings to positive from stable and affirmed the ‘B’ rating. In a statement, Fitch said the revision of the outlook on Zambia reflects the fact that the outlook for Zambia’s public finances is more positive compared with October 2013, when it downgraded the Long-term outlook to ‘B’. Read More

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Zambia: Copper Price Drop to Affect Kwacha

Story from Zambia Reports Website

An economist says the current drop in copper prices below US$7,000 per tonne is likely to have an effect on the availability of foreign exchange on the market thereby adding more pressure on the Kwacha. Click here for the Full Story

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Zambia: Kitwe reject Zesco”s bid to increase tariffs

ZESCOStory from the Independent Observer Website

RESIDENTS of Kitwe rejected the application to revise electricity tariffs by an average 26 per cent across all customer categories.  Livingstone has already rejected this proposal. Click here for the Full Story

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Zambia: Barclays sees further Kwacha losses

new kwacha notesStory from the Lusaka Times Website

Barclays Bank Africa has projected that the Zambian Kwacha will suffer further losses against major international currencies and will hit Kr 6.30 against the US dollar by 2014. Click here for the Full Story

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Zambia: Kwacha slumps further to US dollar

new kwacha notesStory from the Lusaka Times Website

Standard Bank says the Kwacha fell to a one-week low against the United States dollar on Wednesday, March 13, 2013, closing 20 points weaker on the inter-bank at KR5.370 (K5,370) and KR5.390 (K5,390) for bid and offer respectively. Click here for the Full Story

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