Government has hailed the continued appreciation of the kwacha against the US dollar as a positive step toward economic growth, improved trade, and enhanced consumer welfare.<\/p>\n
Minister of Commerce, Trade and Industry, Chipoka Mulenga, said the currency\u2019s stability is expected to lower inflation and create a better business environment.<\/p>\n
Mr Mulenga urged traders and businesses to pass on the benefits to consumers by reducing prices of goods and services to ease the cost of living.<\/p>\n
\u201cThe Kwacha is stronger. We should expect a reduction in the price of essential commodities,\u201d Mr Mulenga said.<\/p>\n
He explained during ZNBC\u2019s Sunday Interview that a stronger local currency reduces the cost of importing raw materials, machinery and fuel, thereby supporting production and distribution<\/p>\n
On industrial growth, the Minister disclosed that the revitalisation of Mulungushi Textiles in Kabwe will stimulate economic activity and benefite local communities and the nation at large.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Government has hailed the continued appreciation of the kwacha against the US dollar as a positive step toward economic growth, improved trade, and enhanced consumer welfare. Minister of Commerce, Trade and Industry, Chipoka Mulenga, said the currency\u2019s stability is expected to lower inflation and create a better business environment. Mr Mulenga urged traders and businesses […]<\/p>\n","protected":false},"author":9,"featured_media":2454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,20,13,15],"tags":[102,26,25],"class_list":["post-2453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latestnewsright","category-business","category-local","category-onlyzanis","tag-economicdevelopment","tag-ineverycornerofzambia","tag-zanis","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts\/2453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2453"}],"version-history":[{"count":1,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts\/2453\/revisions"}],"predecessor-version":[{"id":2455,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts\/2453\/revisions\/2455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/media\/2454"}],"wp:attachment":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}