Zambia

Having traded within a relatively defined, if wide, band since February, the Zambian kwacha has broken strongly to the upside on the back of a new financing package from the IMF.... 2009-05-05

With copper prices set to remain weak for the duration of 2009, we believe that Zambia's balance of payments position will come under significant pressure. The trade surplus enjoyed... 2009-03-12

After punching through two-month support at (its previous all-time low of) ZMK5,225/US$ on February 11, the Zambian kwacha tumbled by a further 9.1% in six days, to touch ZMK5,750/US$... 2009-02-19

After punching through two-month support at (its previous all-time low of) ZMK5,225/US$ on February 11, the Zambian kwacha tumbled by a further 9.1% in six days, to touch ZMK5,750/US$... 2009-02-19

BMI View: It should come as no surprise to regular readers that we remain medium-term bearish towards sub-Saharan African FX. Commodity prices are expected to stay subdued and investment... 2009-02-12

Despite the weak opening on February 4, the Zambian kwacha closed marginally stronger, shying away from short-term trendline support at ZMK5,190/US$ in place since the unit touched... 2009-02-05

With the worsening global economic context weighing heavily on the global copper complex, we maintain a bearish stance on the Zambian kwacha, seeing further weakness in 2009. Our... 2009-01-15

Despite consumer price growth moderating across the board on the back of weaker energy and agricultural prices, Zambia has managed to maintain an acceleratory trajectory of consumer... 2009-01-07

Carried by seemingly unstoppable momentum that has seen the kwacha lose 28.7% of its value against the US dollar since the beginning of November, the unit has broken its previous... 2008-12-15

The Zambian kwacha is testing key support at ZMK4,700/US$, but given our view that copper, which was trading at US$3,435/tonne at one point on December 4 2008, is likely to head even... 2008-12-04