26 December 2012

Zambia: Rebasing Exercise Will Be Smooth - ZACCI

THE Zambia Association of Chambers of Commerce and Industry (ZACCI) is confident that the Zambian economy will be able to grasp the Kwacha rebasing exercise positively effective January 1, 2013.

ZACCI has also called upon the business community to uphold the knowledge sharing initiative on the Kwacha rebasing exercise in order to be successful.

Association vice-president-South Chabuka Kawesha said the chamber was confident that the Zambian community would grasp the Kwacha rebasing exercise positively come January 1, 2013.

Dr Kawesha said in response to a press query that with barely one week to the change over date, the business community was fully confident that the Bank of Zambia (BoZ) had energised the country saying that the business at large was fully engaged on the issue.

"We have the fullest confidence that the Bank of Zambia has energised the country on the issue and the business at large is now seen to be fully engaged.

We believe it is now on top of everyone's agenda to ensure that they join the transition to run from January 1 to June 30, 2013," he said.

He urged the business community to support the BoZ's initiative and share the knowledge on the Kwacha rebasing exercise in order for it to be successful.

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