BUSINESS says the ministry of Finance’s latest policy measures, including legislating the multi-currency system into law, are not sufficient to lift the economy.
Captains of industry and commerce who spoke to The Financial Gazette this week said the resurgence of high inflation in the country was one of the biggest threats to both the economy and business, as this meant that companies were always under pressure to ensure that their revenue grew faster than surging costs.
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At the same time, they added, exchange rate volatility was continuing to pile massive pressure on business, as the premium between the official exchange rate and parallel market rates keeps wi
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