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.