A financial analyst located in Lusaka predicted that the depreciation of the Kwacha against the US dollar would lead to an increase in commodity prices.
According to BLESSINGS KAFWANKA, the continuous depreciation of the Kwacha will have an impact on other economic factors, such as inflation, raising the price of commodities.
In an interview with ZNBC News in Lusaka, he stated this.
Mr. KAFWANKA attributed the Kwacha’s depreciation on businesses stockpiling up for the holiday season.
In his opinion, the shift is not odd, particularly at the end of the year.
