By White Luhanga
Party for National Unity and Progress (PNUP) President Highvie Hamududu says the Zambian economy continues to show signs of improvement, driven by the implementation of prudent economic policies.
Speaking to ZNBC News, Mr. Hamududu cited indicators such as exchange rate stability, declining inflation, and increased investor confidence as evidence that the country’s economic fundamentals are strengthening.
According to ZANACO Market Treasury, the Kwacha is currently trading at K18.75 (buying) and K19.12 (selling).
Mr. Hamududu noted that while the Kwacha continues to strengthen against major currencies, there is need for a balanced exchange rate, warning that excessive appreciation could negatively impact the local economy.
He further highlighted a significant increase in copper production, which is boosting export revenues and contributing to GDP growth.
Mr. Hamududu also pointed to rising local production, such as fertilizer manufacturing by the Nitrogen Chemicals Company, which has reduced import dependence and enabled Zambia to export fertilizer to regional markets.
Meanwhile, he said the energy sector is making notable progress, with increasing investment driving growth and development.
