Zambeef Cuts Prices as Government–Private Sector Reforms Pay Off
Government and private sector cooperation is beginning to deliver tangible benefits for consumers, following the announcement by Zambeef Products PLC of price reductions on selected products.
Zambeef said the reductions have been made possible by improved macroeconomic conditions, including a stable exchange rate, easing inflation and favourable commodity prices. The price cuts will apply to key products that support household consumption and rural livelihoods.
Under the revised prices, Zamshu leather shoes will be reduced by 10 percent with immediate effect. Poultry feed will be reduced by between 3 and 5 percent from 1 January 2026, while the price of day-old chicks will fall by 5 percent from the same date.
Commerce, Trade and Industry Minister Chipoka Mulenga welcomed the move, describing it as clear evidence that government reforms aimed at stabilising the economy are yielding results.
He said the decision by Zambeef to pass on economic gains to consumers demonstrates the positive outcomes that can be achieved through effective collaboration between government and the private sector.
The Minister highlighted ongoing government efforts to strengthen manufacturing, including investor incentives and the implementation of Statutory Instrument No. 45 of 2025, which prioritises local procurement.
He noted that inflation has declined to 10.5 percent and the exchange rate has remained stable, creating an enabling environment for businesses to lower prices.
Permanent Secretary for Commerce and Trade, Lillian Bwalya, said the growing partnership between government and the private sector is attracting significant investment into the manufacturing sector, supporting value addition and job creation.
Zambeef Products PLC Chief Executive Officer Faith Mukutu said the price reductions are intended to pass economic benefits directly to consumers, in line with the company’s strategy of market growth and cost optimisation.
She added that Zambeef continues to engage with government and trade associations to promote sustainable socio-economic development and will review synthetic shoe prices once further clarity on Statutory Instrument No. 110 is provided.
Zambia Association of Manufacturers President Muhammed Umar said the price cuts reflect progress within the sector, supported by improved macroeconomic fundamentals such as stable fuel prices and reliable power supply.
He said passing efficiencies on to consumers strengthens confidence in locally produced goods, sustains jobs and deepens domestic value chains.
Meanwhile, Zambia Chamber of Commerce and Industry Acting Chief Executive Officer Emmanuel Mumba said the organisation remains committed to supporting government initiatives aimed at improving the business environment, promoting value addition and strengthening local enterprise participation as Zambia prepares for a more prosperous 2026.
