Zambian inflation rose to a three-month high in March due to the Kwacha’s depreciation, caused by stalled debt restructuring talks, resulting in higher import prices for items such as gasoline and cereals. Zambia’s annual inflation rate rose to 9.9% and remained above the central bank’s target range of 6% to 8% since April 2019. The nation is about to miss its target to reach an agreement with creditors by the end of March, a critical step in the government’s attempt to restructure its debt of USD 12.8 bln.