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    Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

    Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

    Debswana sponsors BFA’s National First Division League with P3.9m 

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      Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

      Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

      Debswana sponsors BFA’s National First Division League with P3.9m 

      Debswana sponsors BFA’s National First Division League with P3.9m 

      Ditlhokwe Tipped to Excel at Kaizer Chiefs

      Ditlhokwe Tipped to Excel at Kaizer Chiefs

      BCF Aims to Resuscitate Chess this Year

      BCF Aims to Resuscitate Chess this Year

      Tebogo’s Move to US on Hold

      “Don’t Panic,” Tebogo is advised as He Transits to Senior Level

      NSAs decry Absence of School Sports 

      NSAs decry Absence of School Sports 

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      Zambian kwacha sees steady appreciation

      Recent comments during the IMF spring meetings, that China is now actively participating in the G20 Common framework, has been taken positively by the market and are supportive of current levels.

      mm by Staff Writer
      April 26, 2022
      in News
      Reading Time: 1 min read
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      Zambian kwacha sees steady appreciation

      Historical Kwacha performance, Source: RMB Markets, Bloomberg

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      RMB says the recent  gains exhibited by the Zambian kwacha confirm the investment bank’s view that market sentiment is still a key driver for the currency’s performance. Relative to other economies on the continent, RMB observed that Zambia is viewed positively despite facing the same global risks such as food and fuel inflation.

      “Recent comments during the IMF spring meetings, that China is now actively participating in the G20 Common framework, has been taken positively by the market and are supportive of current levels,” the bank says in its daily report adding that current momentum suggests that further appreciation of the currency within the short to medium term can be expected. The bank anticipates that the bond auctions that are slated for the end of this week — which are usually characterised by improving liquidity conditions — should support USD/ZMW levels of 16.50. “Month to date, the kwacha has already gained 6.5 percent, making it one of the best performing currencies across the developing markets.”

      Tags: IMFkwachaRMB

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