Zambia’s kwacha firms over 1 pct to month-high vs dollar

Lusaka, Zambia (Capital Markets in Africa) – Zambia’s kwacha strengthened over one percent to 7.1500 per dollar at 1029 GMT, its firmest level since April 14, buoyed by the return of global demand for copper.

Consumption of refined copper in China in the second half of 2015 is likely to rise, with growing demand in the world’s top consumer likely to support global prices.

Zambia is Africa’s second-biggest producer of the industrial metal.

Source: Reuters Africa Online Report Business News