The Zambian Chamber of Commerce ZACCI says the performance of business worsened in the first quarter of the year.

ZACCI President Micheal Nyirenda Says according to the Business confidence index for the first quarter of 2019, the poor performance of business was mainly due to the depreciation of the kwacha, low sales due to low demand and delayed payments by government among others.

Speaking during the quarterly briefing in Lusaka today, Mr. Nyirenda said that the survey reveals that the cost of doing business also increased adding that it is expected that the overall performance of the economy will deteriorate going forward.

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