Economist calls for more investment in manufacturing

Written by on April 13, 2019

Economist Herryman Moono has emphasized the need for the country to seriously invest in the manufacturing sector.

Mr Moono says there is need for the country to improve on its import cover in order to address issues such as instability in the foreign exchange rate.

He says inability to export finished Goods has costed the country alot and negative impacted on the economy.

Zambia‘s Foreign currency reserves have deteriorated to $1.63bn in 2018 which may have negative impact on the the foreign exchange rate.

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