Mon, 30 Nov -0001 00:00:00 +0000 It is very good news. It has confounded critics and proverbial nay Sayers alike. The recognition of the Kwacha as one of the best performing currency in Africa, is very good news because it represents dogged and determined fiscal and monetary effort. Indeed the recognition by Bloomberg, is the recognition of the resolute and focussed economic direction that Government has taken to control and manage economic fundamentals. Coming, as it does in the short run, it creates morale and impetus for Government to endeavour into greater economic management to harness and manage the economy towards recovery, sustenance and indeed expansion. That it is not a fluke but a result of a well-managed exercise that combines political will and financial discipline is confirmed by the resilience and strength of the Kwacha which has remained within a very narrow band devoid of the violent fluctuation witnessed at the height of […]
