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Reuters
Reuters
Business
By Rachel Savage and Chris Mfula

Zambians struggle with cost of living as debt rework drags on

FILE PHOTO: Zambia's Finance Minister Situmbeko Musokotwane attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 15, 2022. REUTERS/James Lawler Duggan/File Photo

The Comesa market in Zambia's capital Lusaka appears to be bustling, but traders say business is suffering as a weak local currency pushes up prices, adding to the hardships of a population already struggling with soaring living costs.

"The dollar is killing us," said Ben Mwandila, who sold 15 imported blankets a month last year for a 50 kwacha ($2.75) profit per sale but is now selling only two or three.

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