THE Republican Progressive Party (RPP) has commended the Government for what it describes as sound fiscal policies and financial discipline which it says have played a major role in strengthening the Kwacha which was ranked as the world’s best-performing currency as of May 1, 2025.
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In a statement made available to #Kalemba, RPP president Leslie Chikuse said the Kwacha’s improved performance on the global market was a reflection of the country’s growing creditworthiness and macroeconomic confidence under the current administration.
“This achievement signals Zambia’s growing creditworthiness and reflects the peace, stability, and macroeconomic confidence the country currently enjoys,” Chikuse said.
The RPP leader said the strengthening of the Kwacha, driven by increased copper prices and tight fiscal control, was a positive sign that Zambia’s economic fundamentals were beginning to respond to government policies.
Chikuse added that the RPP was hopeful that if the current trajectory continues, the cost of living would begin to ease, allowing ordinary Zambians and businesses to thrive in a more stable economic environment.
However, the RPP expressed concern over the ongoing load shedding, which it said continues to hinder economic productivity in households and the private sector despite positive trends in other sectors.
Chikuse welcomed the recent engagement between President Hakainde Hichilema and players in the energy sector, saying the meeting signaled political will to find lasting solutions to the energy crisis.
He said the RPP was optimistic that barriers affecting energy investment and generation would be removed and that more emphasis would be placed on alternative sources such as solar and other renewables.
The party has since called on government to prioritise energy security, warning that without resolving the electricity deficit, the country’s full development potential cannot be realised.
By George Musonda
Kalemba July 24, 2025
