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Zambia’s economy, positive – BOZ
The Bank of Zambia says the country’s economic performance in the last six months has been positive.
This is despite the country witnessing a change of government about six months ago.
Deputy Governor of operations Bwalya Ng’andu has told QFM news that the sustained single digit inflation rate and the positive economic growth are a strong indication that the country%u2019s economic performance is on the right track.
Dr. Ng’andu has further stated that a number of Book-runners across the world have expressed interest in assisting the Zambian Government issue the 500 million Euro bond.
Book-runners are responsible for the administration of the issuance of a bond for tasks such as inviting institutional investors to subscribe and allocating bonds to subscribers.
The central bank deputy governor says this is also an indication of the country strong economic performance which has also instilled confidence in the international investor community.
Dr. Ng’andu however noted that a lot needs to be done in terms of policy direction to sustain economic growth.
Some opposition political leaders have argued that the PF has failed to come up with a sound economic policy to continue growing the country’s economy.
Posted by
Kandi
April 12, 2012 at 7:03 pm
Good news
jafar al jafar
April 12, 2012 at 7:17 pm
Q
wise democrat
April 13, 2012 at 5:51 am
people where is the governor Dr Gondwe???!! I have been smelling a big rat!!
mbonga
April 13, 2012 at 3:52 pm
HE IS IN HIS OFFICE PLAYING THE CARDS
cute babe
April 14, 2012 at 8:15 am
That’s a gud sign for the Zambian economy and will instill Investor confidence. This will surely help the Kwacha appreciate. Am not surprised that there r no enough comments on this important topic that concerns us all, pipo r ever insulting… guess u jus not learned at all!