Tue, 06 Feb 2018 08:16:49 +0000 By BUUMBA CHIMBULU ZAMBIA’S fiscal consolidation efforts, favourable copper prices and stable Kwacha have brightened the country’s economic prospects, says First National Bank (FNB). FNB Zambia is optimistic that the country’s economic prospects continued to be bright following the strong macroeconomic fundamentals such as rising copper prices and stable Kwacha. FNB Zambia reports in its daily newsletter that the Kwacha looks poised to pare some of the losses it suffered at the tail end of last week. “Since the beginning of the year, the local unit has traded on firmer footing. In fact, even when on a weakening streak, the peaks (weakest Kwacha points) have been getting progressively lower. Thus, the trend points to a stronger currency, “The country’s fiscal consolidation efforts and the favourable copper prices have brightened the economic prospects. The week’s resistance is seen at 9.900 while support is at 9.700,” said FNB. And Cavmont Bank […]
