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Zambia’s Bonds, Kwacha Fall as Traders Fret Over Power Shortages

  • Kwacha weakens past 14 per dollar, while Eurobond yields rise
  • Some parts of Zambia only have electricity for six hours a day
General Economy And Kwacha Banknotes As Zambia Seeks To Reverse World's Worst Currency Performance

Photographer: Waldo Swiegers/Bloomberg

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Zambia’s kwacha weakened to a six-month low and its Eurobonds fell as importers bought dollars to hedge against further declines, while a power crisis weighs on the economy.