Finance and National Planning Minister Situmbeko Musokotwane says Government is ready to stabilize the challenge of the foreign exchange rate through various investments such as increasing copper production in the mining sector.
Dr Musokotwane said investments in the mining sector will boost the economy and stabilize the foreign exchange rate.
He also said that the Kwacha is about to make a counter attack because tangible money is going to come into the economy to raise copper production.
“Once mining investments start to tick, the foreign exchange rate challenges will be resolved and government has an aggressive stance to stabilize the foreign exchange rate by improving Investment in the mining sector citing First Quantum Minerals (FQM) and Lumwana mine as some of the mines that are ripping new grounds in mining,” he said
