An economic analyst has raised concerns over the disconnect between record-high copper prices, now hovering at $14,600 per ton, and the continued weakness of the Kwacha, which remains high at K19 to the US dollar. Copper prices have recently surged past $14,600 per ton, raising questions about why Zambia’s currency, the Kwacha, remains weak at around K19 per US dollar instead of strengthening, as many would expect given the country’s dependence on copper exports. Speaking in an exclusive interview with the Zambian Business Times – ZBT, Economic Analyst Yusuf Dodia, who is also Chairperson for the Private Sector Development Association...
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