Government Praised For Strong Kwacha

Mining exports have driven increased foreign exchange inflows and strengthened the Kwacha, according to economic analysts. The local currency is currently trading at K21.70 for buying and K22.13 for selling against the US Dollar.

In an interview with ZNBC, trade expert Gilbert Nkamba attributed the strengthened exchange rate to elevated copper output that has enhanced Kwacha demand.

President Hakainde Hichilema has prioritised stable mining policy as a cornerstone of his economic agenda. Mr. Nkamba also commended the government's fiscal discipline, that “in terms of public expenditure, that has reduced the rate of inflation.” This progress was evident in September's inflation figures, which declined for the second consecutive month. Food inflation, a critical metric for ordinary Zambians, fell from 14.9% in August to 14.6% in September.

Economist Chimuka Matongo observed that the Kwacha's appreciation reflects more than mining sector performance alone—it also signals growing confidence in government economic policy.