kwacha

The man of God has been enjoying his charity works since he rose to fame, among others spending billions of Kwacha's in food aid, health, and education.

Delay in reaching a conclusion for an aid programme with the International Monetary Fund (IMF) had put pressure on the kwacha, the central bank said.

The new ZAMTEL Kwacha service will allow its customers to pay for goods and services at supporting merchants and agents, in addition to paying utility bills.

However, the Zambia analyst at NKC African Economies, Irmgard Erasmus, commented: "We do not see value in the kwacha given this rally.

experts say the kwacha is experiencing its worst crisis since

Senzani pleaded guilty to stealing 63 million Malawi Kwacha (about US$ 150,000) from her ministry.

Above all, Banda said she would devalue the kwacha to re-establish good terms with the IMF, and would do what she could to have Malawi get back in the good graces of the other traditional aid donors.

The fees for large-scale mining and change of control licences have been increased to 28,800 kwacha ($5,400) from 1,800 kwacha ($340) from this month, Yamfwa Mukanga said in a statement.

Zambia's Finance minister Alexander Chikwanda launched the new Kwacha notes assuring the citizens that the move to rebase currency was meant to address previous bouts of depreciation.

* DJ Bones performing at the Kwacha organised International Dj Festival in Likoni, Mombasa.

As the biggest landowner around the school's site, she was paid 39,000 kwacha ($258) in compensation but had wanted three million kwacha.