Tue, 30 Jan 2018 09:49:21 +0000 By EDWARD MWANGO A Zambian Cross-border trader recently narrated how his colleagues in South Africa shudder at the mere mention of Katondo Street in Lusaka. ‘My friends in Johannesburg despise Katondo street and swear that they would never do any business or transact with Zambians on this street simply because most of them were previously swindled or cheated after being enticed and offered an exchange dollar rate on the black market,’ laments the cross-border trader who preferred not to be identified. To a new comer, Katondo Street, located in the centre of the central business district of Lusaka, would be perceived as just like any other normal street. The street, which branches off Cairo road from the east and joining Cha Cha Cha road to the west, is home to a hoard of bustle mostly crowded with a mixture of Zambian and foreign nationals who have engaged in currency […]
Katondo Street still thriving as haven and conduit for black market trade
