ZAMBEEF CUTS PRICES AS GOVERNMENT–PRIVATE SECTOR REFORMS PAY OFF

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Posted by admin on January 2, 2026 at 3:10 AM

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Consumers are set to benefit from reduced costs on selected products after Zambeef Products PLC announced price cuts, citing improved macroeconomic conditions and stronger collaboration between government and the private sector.

Zamshu leather shoes positively had a 10% reduction, effective immediately, Poultry feed: 3–5% reduction, effective January 1, 2026 and Day‑old chicks: 5% reduction, effective January 1, 2026.

Zambeef said the reductions were made possible by a stable exchange rate, easing inflation, and favourable commodity prices, with the aim of passing economic gains directly to households and rural communities.

 Minister of Commerce, Trade and Industry Chipoka Mulenga welcomed the move, describing it as evidence that reforms aimed at stabilising the economy are yielding results.

“The decision by Zambeef to pass on economic gains to consumers demonstrates the positive outcomes of effective collaboration between government and the private sector,” Mulenga said.

He highlighted ongoing efforts to strengthen manufacturing, including investor incentives and the implementation of Statutory Instrument No. 45 of 2025, which prioritises local procurement. Inflation has declined to 10.5%, while the exchange rate has remained stable, creating an enabling environment for businesses.

Permanent Secretary for Commerce and Trade Lillian Bwalya, the growing partnership is attracting investment into manufacturing, supporting value addition and job creation.

Zambeef CEO Faith Mukutu, Price cuts align with the company’s strategy of market growth and cost optimisation. She added that synthetic shoe prices will be reviewed once clarity on Statutory Instrument No. 110 is provided.

Zambia Association of Manufacturers President Muhammed Umar, passing efficiencies to consumers strengthens confidence in locally produced goods, sustains jobs, and deepens domestic value chains.

Acting CEO of Zambia Chamber of Commerce and Industry Emmanuel Mumba the organisation remains committed to supporting reforms that improve the business environment and promote local enterprise participation.

The announcement reflects how government–private sector cooperation is beginning to deliver tangible benefits for consumers, while reinforcing Zambia’s broader economic recovery and industrialisation agenda heading into 2026.