Kwacha, plummeted to a historic low against the US dollar on Wednesday, reaching 27.30 to the dollar. This significant depreciation comes amidst a backdrop of hard currency shortages and a ...
The kwacha has surged by 13.8% to 22.8 against the dollar in 2024, as reported by LSEG data. The central bank took measures such as raising commercial banks' reserve ratios ...
Zambia's kwacha is forecast to weaken against the dollar in the week to next Thursday, Uganda's currency will strengthen, while those of Ghana and Nigeria will remain stable, traders said. ...
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