By BUUMBA CHIMBULUTHE depreciation of the Kwacha has made locally produced products cheaper compared to imported ones and this provides a huge opportunity for manufacturers to enhance production.The local currency is currently trading at K22.63 per United States dollar.Local manufacturers should take advantage of the rising prices on imported products due to the depreciation of the Kwacha to promote locally produced ones, says Economics Association of Zambia (EAZ) president, Lubinda Haabazoka.Dr Haabazoka stressed that much as the depreciation of the Zambian Kwacha was a bad thing, it had made locally produced products cheaper as compared to imported ones.“China has taken advantage of making their currency cheaper than the rest of the currency in the world and that is why you and I go to buy good there, we do not rush to the United States or England because the pound is very strong“Because of the depreciation of the Kwacha, Zambia now has the cheapest products […]
LOCALLY PRODUCED GOODS CHEAPER – EAZ
