ZAMBIAN BREWERIES APPLAUDS GOVT’S PRO-BUSINESS STANCE

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Posted by admin on September 4, 2025 at 1:30 AM

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Zambian Breweries has welcomed the government’s renewed commitment to growth-oriented industrial policies and fair taxation, following a high-level engagement between President Hakainde Hichilema and the Zambia Association of Manufacturers (ZAM) at State House.

This dialogue follows Zambian Breweries’ recent $80 million plant expansion, which was commissioned by President Hichilema and hailed as a model for inclusive growth and value addition

At the meeting President Hichilema emphasized that reasonable taxation fosters economic expansion, benefiting businesses, farmers, and the national treasury.

He specifically acknowledged Zambian Breweries’ role in advancing the government’s broader economic agenda.

“I am not an advocate of high taxes. I am an advocate of growth,” the President said. “Addressing business challenges helps create opportunities for all Zambians.”

Representing Zambian Breweries were Country Director Thais Cavinatto and Board Chairperson Monica Musonda, who praised the dialogue as a strong signal of public-private partnership and policy certainty.

Ms Cavinatto noted that a conducive business environment enables the company to expand production, support local supply chains, and deliver greater value to consumers and the economy.

Ms Musonda added that the engagement boosts investor confidence and aligns with Zambia’s industrialisation agenda.

The company reaffirmed its commitment to regulatory compliance, accurate reporting, and fiscal discipline, recognizing the importance of excise and tax contributions to the Zambia Revenue Authority (ZRA) and national development.