Weak kwacha may frustrate poverty reduction efforts – CSPR

CSPR Executive Director Patrick Nshindano

Civil Society for Poverty Reduction (CSPR) Executive Director Patrick Nshindano has observed that the continued depreciation of the Kwacha against major foreign currencies will affect poverty reduction measures.

Mr. Nshindano is also concerned that the high lending rates will impact on the growth of the private enterprises thereby hindering poverty reduction efforts.

He has called on government to consider putting in place mitigation measures aimed at strengthening the local currency which has been sliding against major foreign currencies.

Mr. Nshindano has told QFM News that there is need to seek lasting solutions to the many challenges affecting the country if ending poverty is to become a reality.