The Nigerian naira and Zambian kwacha are expected to strengthen in the coming weeks, driven by improved economic fundamentals and increased investor confidence. Analysts say the outlook for both currencies is supported by stronger export earnings, better foreign exchange reserves, and stable monetary policies that aim to curb inflation and stabilize markets.
In Nigeria, higher oil revenues and government interventions in the foreign exchange market have helped reduce pressure on the naira, while Zambia’s kwacha has benefited from favorable copper prices and fiscal reforms that have reassured international investors. Market watchers suggest that these positive trends could encourage greater foreign investment and boost liquidity in both economies.
Despite these favorable projections, economists caution that global market volatility, shifts in commodity prices, and regional economic challenges could still affect currency performance. Governments in both countries are therefore expected to continue monitoring financial conditions closely to maintain stability and sustain economic growth.