According to a financial analyst, government efforts to support the manufacturing sector and boost exports should be prioritized in order to support the kwacha.
According to MUKONKI MUKONKELA, a nation’s currency’s performance is significantly influenced by its amount of trade.
According to Ms. MUKONKELA, Chief Executive Officer of Insight Partners Africa, the kwacha, which had experienced only a slight increase from early to mid-last year, ended the year with a depreciation.
In order to strengthen the kwacha, she has asked the government to concentrate on assisting the industrial sector in expanding its operations and exporting more goods.
Increased mining, which is Zambia’s main export, is another important factor in the kwacha’s appreciation, according to Ms. MUKONKELA.