kwacha weakens 3 pct to record low against dollar

22:04 - 23 September 2015

The new Zambian head of state President Edgar Lungu attends the opening ceremony of the 24th Ordinary session of the Assembly of Heads of State and Government of the African Union (AU) at the African Union headquarters in Ethiopia's capital Addis Ababa...

The currency recorded its largest daily fall since September 3 to reach a low of 10.43 per dollar

Zambia's kwacha dropped more than 3 percent against dollar to a new record low on Wednesday as the copper price remains near a four-week low on worries about China's growth.

READ: Kwacha falls against dollar as mine fears weigh

The currency recorded its largest daily fall since September 3 to reach a low of 10.43 per dollar after a survey revealed worsening factory activity in China, a major market for the Africa's second largest copper producer.