Saturday, May 28, 2005

More Facts About Zambia

Economy - Zambia's main industries are construction, foodstuff, chemicals, textiles, horticulture, fertilizer, beverages, and copper mining. The government once owned the copper mines, incurring huge losses. The mines are now privatized, and this may improve the chances for copper mining to become profitable again. The inflation rate was over 20% after drought conditions in 2001-2002, but now is estimated at 8%. The per capita income is $870, and 86% of Zambians live in poverty. (Sources: www.abacci.com and www.thezambian.com)

Money - The currency in Zambia is the kwaacha. The exchange rate in October, 2004, was 4800 kwaacha to 1 US dollar.

Language - English is the offical and administrative language. There are eight major Zambian languages spoken, along with about 70 other indigenous languages.

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