By Cindy Mulomba
Trade Expert Gilbert Nkamba has attributed the continued stability of the Kwacha to strong fiscal discipline and positive economic sentiments that are attracting foreign direct investment into Zambia.
Mr. Nkamba emphasized that the gains can be sustained in the long term if current policies are maintained. He noted that Zambia’s economy is gaining momentum, supported by a stable currency that has made imports cheaper while boosting manufacturing and industrial activities.
He explained that the Kwacha’s stability has enabled industries to import production inputs at lower costs, leading to increased production, higher exports, and improved foreign exchange reserves.
Mr. Nkamba further highlighted that the mining sector—Zambia’s major export earner—continues to contribute significantly to foreign currency inflows, thereby strengthening the Kwacha.
