Kwacha gains and falling inflation lift investor sentiment in Zambia

• Successful debt restructuring and strong reserves boost offshore interest
• Economists cite maize harvest, copper production, and IMF reforms as key drivers

Lusaka, Zambia – A 12% appreciation in the Zambian kwacha and a drop in the annual inflation rate to 14.1% in June are fuelling renewed optimism among offshore investors, who are re-engaging with Zambia’s financial markets following the country’s successful debt restructuring deal.