Kwacha

Zambia Experiences First Decline in Inflation in Nearly Two Years

7 days ago

Zambia has reported a notable easing in inflation rates, marking the first decline in almost two years. This shift comes as a relief for the nation, which has been grappling with high prices and significant economic challenges. According to data released by the Zambia Statistics Agency, the annual inflation rate fell to 9.5% in March, down from 10.1% in February. This marks the first decline in the inflation rate since June 2021, signaling a potential turning point for the economy.

Zambia's Kwacha Struggles Despite Record FX Reserves: What It Means for the Economy

13 days ago

In a surprising turn of events, the Zambian kwacha has continued its downward trajectory, registering notable declines even as the nation boasts record-high foreign exchange reserves. This situation raises questions about the currency’s stability and the broader implications for Zambia's economy.

Malawi Faces Rising Inflation: Consumer Prices Surge by 28.5%

2 months ago

Malawi, a country located in southeastern Africa, is grappling with a noticeable increase in inflation rates, as recent data indicates that consumer prices have surged by an alarming 28.5%. This sharp rise reflects the challenges the nation continues to face in the wake of economic instability and external factors impacting its markets.

Zambia Faces Economic Uncertainty After Trump’s Election Victory Fuels Dollar Demand

5 months ago

Zambia is bracing itself for significant economic repercussions following the surprise victory of Donald Trump in the recent U.S. presidential elections. As markets around the world responded to the news, a surge in demand for the U.S. dollar has become evident, raising concerns for the Zambian economy, which has relied heavily on foreign investment and aid. The dollar's strength, often a reflection of geopolitical shifts, poses a series of challenges for nations like Zambia, particularly in light of its mounting debt issues.

Zambia Takes Bold Step: Key Interest Rate Hiked to 14% to Strengthen Currency and Curb Inflation

5 months ago

In a decisive move aimed at bolstering its currency and addressing rising inflation, Zambia has increased its key interest rate by 200 basis points to 14%. This significant adjustment marks a strategic response from the Bank of Zambia to curb the ongoing economic challenges dogged by soaring prices and a fluctuating currency.