Zambia exports goods worth over $7.9 billion
By Sharon Siame
Zambia has exported an estimated value of goods worth over 7.9 billion dollars as of September 27, 2024.
Bank of Zambia Deputy Governor FRANCIS CHIPIMO says that previously this information was not available but that it is now being tracked daily.
Dr. CHIPIMO says that this follows the implementation of the Export Proceeds Tracking Framework which took effect on January 1, 2024.
He explains that since implementing the framework, a net international financial inflow position has been recorded, reflecting increased recording of export proceeds.
Dr. CHIPIMO said this during the post budget symposium in Lusaka.
And the Bank of Zambia Deputy Governor said that work has advanced in trying to set up a deposit protection fund to safeguard depositors in the event of insolvency.
Dr. CHIPIMO said that the framework for setting up the fund will be ready by the end of the year and that the fund is expected to be rolled out in 2025.
