7 January 2013

Zambia: Zacci Confident About Rebasing

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.

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

Association vice-president-South Chabuka Kawesha said the chamber was confident that the Zambian community would embrace and grasp the Kwacha rebasing exercise positively.

Dr Kawesha said in response to a Press query that 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 which will run from January 1 to June 30, 2013," he said.

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

"Yes, we know that it will attract some costs in certain areas.

However, if well-communicated, the transition period will attain its intended purpose across all sections of our society," he said.

Dr Kawesha said: "We commend the central bank for the job well-done, thus far and as a chamber, we retain our confidence in your completing this exercise well."

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