Zambians say our Lord’s Prayer: Gives us our daily bread …

Lusaka, Zambia, Capital Markets in  Africa — Zambian President Edgar Lungu wants Zambians to pray and fast on this Sunday. All bars, nightclubs and entertainment venues have been instructed by the government to shut on the day, while the Football Association of Zambia has cancelled domestic games. Church leaders are rallying their members to heed the president’s call in a nation where more than 80 percent of the 15 million people are Christian.

The country prayer requests to  God is to strengthen the Zambian Kwacha and other  problems from plunging copper prices to electricity shortages.

The Zambian Kwacha is the worst currency in 2015, after depreciating by about 83 percent as at 15th of October 2015. Also, the Zambian equity market capitalization dropped 1,1933 million Zambian Kwacha (about 164 million US dollar) and the benchmark Lusaka All Share index waned by 5.77 percent, as 15th of October 2015 compared to the 31st of December 2014 figures.

In addition , yields on the Zambia’s Eurobond maturing in 2027 have strengthen by 236 basis points to 11.73 percent since it was sold in July. On the same bad omen, copper prices have dropped more than 20 percent in the past year, prompting companies such as Glencore Plc to consider shutting mines and fire thousands of workers.

So, let us all pray for Zambia for the Divine favour and intervention to reverse these economy misfortune to prosperity, as the Zambia’s economist are short of options.

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