{"id":55978,"date":"2024-01-14T21:13:17","date_gmt":"2024-01-14T21:13:17","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound"},"modified":"2024-01-14T21:29:22","modified_gmt":"2024-01-14T21:29:22","slug":"zambian-kwacha-optimism-economist-forecasts-currencys-rebound","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound","title":{"rendered":"Zambian Kwacha Optimism: Economist Forecasts Currency\u2019s Rebound"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>In the face of recent economic challenges that have pushed the Zambian Kwacha to an all-time low, economist and financial analyst Noel Nkhoma remains optimistic about the currency\u2019s imminent resurgence against other convertible currencies, particularly the United States Dollar.<\/p>\n

Despite the downward trend observed in recent months, Nkhoma exudes confidence in the Kwacha\u2019s ability to rebound, citing stability and renewed investor confidence as key factors in the recovery process. Notably, he points to the revival of mines, including the Konkola Copper Mine (KCM), which had previously faced liquidation. The resurgence of these mining operations is anticipated to contribute significantly to strengthening the Kwacha.<\/p>\n

Nkhoma emphasized the positive domino effect this would have on the economy, stating, \u201cWe are talking about employment creation, opportunities in terms of suppliers and contractors to the mines, an additional excess supply of foreign exchange onto the market which will translate into a stable exchange rate.\u201d<\/p>\n

In an interview with ZANIS, the economist commended the government\u2019s efforts to stabilize and foster economic growth in the year 2024. He expressed confidence in the administration\u2019s commitment to opening up the economy, a move he believes will further bolster investor confidence and contribute to the currency\u2019s recovery.<\/p>\n

As of the latest data from the Bank of Zambia (BOZ), the Kwacha was reported to be selling at K 26.16 against the US Dollar by 15:30 hours on Friday. While the current exchange rate reflects the challenges faced by the Zambian economy, Nkhoma\u2019s positive outlook suggests a potential shift in the near future.<\/p>\n

\u201cWe should be comforted by the renewed investor confidence and renewed commitment by the government to open up the economy,\u201d added Mr. Nkhoma, offering a hopeful perspective for Zambia\u2019s economic landscape in the coming months. Observers will be keenly watching for signs of a turnaround in the fortunes of the Zambian Kwacha amid these positive indicators.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. In the face of recent economic challenges that have pushed the Zambian Kwacha to an all-time low, economist and financial analyst Noel Nkhoma remains optimistic about the currency\u2019s imminent resurgence against other convertible currencies, particularly the United States Dollar. Despite the downward trend observed in recent months, Nkhoma exudes confidence in the […]<\/p>\n","protected":false},"author":84,"featured_media":55977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-55978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nZambian Kwacha Optimism: Economist Forecasts Currency\u2019s Rebound - Zambia<\/title>\n<meta name=\"description\" content=\"In the face of recent economic challenges that have pushed the Zambian Kwacha to an all-time low, economist and financia ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zambian Kwacha Optimism: Economist Forecasts Currency\u2019s Rebound\" \/>\n<meta property=\"og:description\" content=\"In the face of recent economic challenges that have pushed the Zambian Kwacha to an all-time low, economist and financia ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-14T21:13:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-14T21:29:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/01\/sm_1705255068.27868.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zambian Kwacha Optimism: Economist Forecasts Currency\u2019s Rebound\",\"datePublished\":\"2024-01-14T21:13:17+00:00\",\"dateModified\":\"2024-01-14T21:29:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound\"},\"wordCount\":332,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/01\/sm_1705255068.27868.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambian-kwacha-optimism-economist-forecasts-currencys-rebound\",\"name\":\"Zambian Kwacha Optimism: Economist Forecasts Currency\u2019s Rebound - 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