ECONOMIST Predicts Stability Of The KWACHA

A Lusaka based economist Trevor Simumba has expressed confidence that the current volatility that the Kwacha has faced against major currencies will soon normalize.
In an exclusive interview with Qfm, Mr. Simumba says the instability is temporal and that there is no need for Punic.
Mr. Simumba explains that as soon as the Patriotic Front government begins to implement various projects, the Kwacha will appreciate.
He has also called on the Bank of Zambia to intervene using its market instruments to ensure that the local currency stabilizes.
On the future of Zamtel, Mr. Simumba has backed Justice Minister Sebastian Zulu’s statement that government is ready for negotiations with Lap Green on shareholding and the way forward.
He says nationalizing the parastatal will not work in the best interest of the firm as Lap Green has invested huge sums of money in Zamtel.

Qfm

Posted by Editor on January 15, 2012. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

20 Responses to ECONOMIST Predicts Stability Of The KWACHA

Champi

January 15, 2012 at 9:03 am

That is coming from an expert!!! May God be with our leaders even as they execute their duties on our behalf.
umutokopomfyo

January 15, 2012 at 9:09 am

If dis iz true dat kwacha will apreciate ninshi na 20kwacha ikakwata value and things will be cheap I can’t buy a fan amounting K170,000 but K90,000 instead. don’t fack tell tales dick suckers okey
menman

January 15, 2012 at 9:37 am

okay we appreciate….
Candid

January 15, 2012 at 9:56 am

Expert of shima with ipwa you want a job in one of the new district. Economist explaining rumer ya mu komboni
Matako Mpelolubilo

January 15, 2012 at 9:57 am

It does nt matter even if the exchange rate goes to 6pin/dollar, what we want is stability, can it be stable for de nxt 6 months or yr
nakferd

January 15, 2012 at 10:01 am

am i still asleep or its my lack of knowledge making i not to understand certain dots regarding appreciation and depreciation of our currency? for who ‘s benefit are sweet talks when the0 the majority stake holders can not reduce the higher prices of goods even when we are told talks of such kind of nature?why doesnt our business industry observe certain fluctuations in money value?
Herbert

January 15, 2012 at 11:07 am

??
Joejudges

January 15, 2012 at 11:56 am

Dis sucks.dis appreciation & depreciation iz a shere waste of tym,we wont c ny reduction in prices.ba ecomist de economy wil economize itself.tel yo bosses 2 jst giv us jobs & barotseland.
Air Mukwai_

January 15, 2012 at 12:01 pm

weather forecasters and economists are all good at wrong predictions but bad at making good reflections why things worked or didn’t work.
jeff

January 15, 2012 at 2:48 pm

All u guys who are commenting who told u that there is a link between the exchange rate and the price of goods. For the love of God the problem we have is that these shop owners put a profit margin of 100 percent which is a bad idea. Once they reduce to let’s say 15 percent of the cost then the prices will go down
Wanu Ngwee

January 15, 2012 at 3:07 pm

Folks, Trevor Simumba is right. Zambia’s economy and the Kwacha can only get better. Hey! I just returned from a visit to mother Zambia and I love the boom in infrastructure development. So folks if you’re Zambian, live in the diaspora and have no house or other real estate pa Zed, you better think twice coz guys there are not joking. Please visit Zambia regularly and invest whatever you have there – it’s the place to be right now and also in the future! VIVA ZED VIVA!!
Heineken Lager

January 15, 2012 at 4:04 pm

@jeff, there is a relationship between exchange rate and price of goods. Why do u think Zambians go to Dubai to order goods? Its because their currency is stronger to the USD compared to our ZMK. Another example i’d give u is DSTV monthly subscriptions. They charge $77 across africa but we seem to pay more because of our weaker ZMK.
Zumazuma

January 15, 2012 at 5:48 pm

Well!!wel!wel!!our country n its pipo got 2 change de mindset.we teach pipo 2 luk 4 a job insted of givn em noleg 2 ean a livin.now is dis economst lukin 4 employmnt or tryn 2 ean a livin.sustainabo livelyhuds.
Dark ship

January 15, 2012 at 7:14 pm

Value my foot
Stantman

January 16, 2012 at 1:11 am

Trevor, i know dis motherfuckin nigga. Didnt he use to appear on let the pipo talk with mutubila? Where da fcuk was he? I was right behind dis ************ in times cafe’ arcades, he was shouting on top of his voice dissing president sata and member of his cabinet. And now the fvcker is hungry, he’s kiss asss. Smooooch on brother, til yo tang gets brown, but u are stil a pankoloko.
You Don't Know My Name

January 16, 2012 at 3:05 am

Umutokofyompo you’re dum as hell hahahahahahahahahaha! K20 is long gone, it will take years of dope economic improvements in Zambia to make the k20 relevant again, for now we’re just talking about appreciation such as $1 = k4,00. Change is gradual.
JK

January 16, 2012 at 4:52 am

The following measurers if implemented by BOZ will help appreciate and stabilise the Kwacha : – All mineral exports to be properly documented through opening of letters of credits
- All proceeds of mineral and other exports to be receipted in the country via inward letters of credits which would have been opened at the time of exporting
- Only dividends from profits to be externalised by foreign companies operating in Zambia. You can be assured that our currency can be as strong as it was 20 to 30 years ago.
Bazungu

January 16, 2012 at 6:14 am

Do not PUNIC.

HeHeHe
Which dictionary is that from?
FORMER ONETIME

January 17, 2012 at 11:20 am

MAA OK THINGS GOING IN THE RIGHT DIRECTION.
yande

January 18, 2012 at 4:31 pm

wellcome home man