Copper Currency Anchor: The solution to Inflation and Debt

Zambia’s dependence on copper mining, both the world copper price and the possible withdrawal of investment from the mining sector seriously threaten economic growth and stability. Zambia, like other copper producers, took the high late 1960s copper price as the norm and regarded the mid-1970s mineral price fall as an aberration. It adjusted by foreign borrowing rather than by structural change. Consequently, when the early 1980s price shock drove copper revenues even lower, Zambia had little room for maneuver. Commodity currencies have been stood against fiat money in the discourses…

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Zambia ‘s Economy grew by 3% in the first quarter of 2017

ZAMBIA recorded an economic growth of three percent in the first quarter of 2017 with the agriculture, forestry and fishing sectors contributing the highest percentage of 1.7. The manufacturing and energy sectors were second with each contributing 0.3 percent to the country’s economic growth. This is according to the monthly bulletin released by the Central Statistical Office (CSO) at the on-going 53rd Zambia International Trade Fair (ZITF) here. And speaking during a media briefing recently, CSO director of census and statistics John Kalumbi said the energy sector recorded the highest…

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7th NATIONAL DEVELOPMENT PLAN

LAST week, President Lungu launched the 7th National Development Plan (7NDP), which is the country’s blueprint for development. The 7NDP will determine the course for development for Zambia for the next five years, up to 2021. The 139-page document is imprinted with the aspirations and dreams of the 16 million Zambians. The document had input from various stakeholders within Government, and is broad-based and all-encompassing. The foreword to the document is written by President Lungu, himself. In it, he expresses his belief in the plan and confidence in the Zambian…

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Buying Choice: The Rise of Shopping Malls in Zambia

By Herryman Moono Recently a number of sentiments have been passed by political and economic commentators – and policy makers – seemingly expressing displeasure at the increasing number of shopping malls in Zambia, with most of these malls owned by South African multi-national chain stores. The complaints have ranged from those arguing that they promote a culture of consumerism and love for foreign goods at the expense of local goods, to the infant industry argument that the shopping malls promote foreign (South African) goods at the expense of locally produced…

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Public Discussion: The Economics of HIV/AIDS in Zambia: Investing in sustainable responses

The Aid Healthcare Foundation in joint collaboration with the Economics Association of Zambia has the pleasure to invite you to a public discussion “The Economics of HIV/AIDS in Zambia: Investing in sustainable responses” which will take place on Tuesday, 20th June 2017 at Intercontinental Hotel from 18:30 hrs to 20:30hrs. The key note speech will be by Dr. Penninah  Lutung- AHF Bureau Chief-Africa. by

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JSE to launch Zambia dollar-denominated maize contract

The Johannesburg Stock Exchange (JSE) is setting up a contract for Zambian maize that will be denominated in US dollars. The contract will add liquidity to the Zambian market and provide the South African grain industry with better access to Zambian grain. “We are in the process of launching a contract listed on the JSE, denominated in U.S. dollars, which will be the first foreign currency listed contract in any asset class on the JSE,” Donna Nemer, the bourse’s director of capital markets, told Reuters on the sidelines of the…

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The Impact of GDP, Inflation, Interest and Exchange rates GDP on the Stock Market in Zambia

A latest paper shows that GDP, inflation, interest and exchange rates explain the movement of stock prices in Zambia. A regression analysis showed that the explanatory variables accounted for 97.5% of the variation in stock prices. Specifically, the findings suggest that the exchange rate was the most important variable influencing stock prices. You can download/ read the paper below bit.ly/2nTQuTy http://bit.ly/2n2ybqx   The_Impact_of_GDP_Inflation_Interest_and by

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Cabinet approves national strategy for development statistics bill

National Development Planning Ministry has revealed that Cabinet approved the National Strategy for the Development of Statistics Bill during a meeting in Lusaka. National Development Planning Public Relations officer Sikabele Chikuba said the bill presented to Cabinet by Minister of National Development Planning Lucky Mulusa seeks to establish an effective and efficient National Statistics System that will be responsive to the information requirements of a modern and smart Zambia. He explained that the 2017 Statistics Bill was drafted to replace what he termed as the outdated 1964 census and statistics…

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