The Zambia Association of Manufacturers (ZAM) has called on players in the manufacturing sector to support national efforts to reduce the cost of living, citing improved macroeconomic conditions.
ZAM says the appreciation of the Kwacha, easing inflation, reduced fuel prices, and improved electricity supply have created a more stable operating environment for manufacturers. The Association has revealed that over 30 manufacturers have either announced or are preparing to implement price reductions.
According to a January 2026 ZAM survey, 76 percent of manufacturers have adjusted their prices, with sectors such as agro-processing, milling, pharmaceuticals, paints, and plastics recording price reductions ranging from 5 to 20 percent.
ZAM President Mohammed Umar attributed the price cuts to gains in the local currency, lower fuel costs, and improved energy stability. However, he emphasized that sustained price moderation will depend on predictable government policies, including a stable tax regime and the suspension of Statutory Instrument No. 76.
Mr. Umar noted that a supportive policy environment is essential for manufacturers to continue passing on cost savings to consumers and contributing to economic stability.
