Zambian Kwacha surges against dollar: analysts credit effective govt efforts

In a remarkable turnaround, the Zambian Kwacha has surged on the foreign exchange market, reaching K23.46 after weeks of trading at significantly lower levels.

In a remarkable turnaround, the Zambian Kwacha has surged on the foreign exchange market, reaching K23.46 after weeks of trading at significantly lower levels.

The Zambian kwacha currency is now stronger than the South African rand, with figures showing one Zambian kwacha was worth R1.15 around 09:20 on Friday.