By IREEN MULENGA
Business and Economist analyst Kelvin Chisanga has described the current movements in the exchange rate as clear indicators signaling that the country’s economy needs an expanded export base especially targeting non-traditional exports such as honey, sugar, and cements.
Mr Chisanga says there is need for the country to start recording reduction in unnecessary imports by building capacity to the local potential producers.
He said local suppliers should also be free to actively participate in the economy to ensure that there able to help put the effect in exchange rate.
“As a country there is need to also balance the import and export so as to harmonize the movement in the foreign exchange,” he said.