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KWACHA GAINS LEADS TO REDUCED PRICES OF ESSENTIAL COMMODITIES.

By News Sniffers Reporter

When the Zambia Association of Manufacturers (ZAM) announced that more than 30 of its members had reduced prices of essential commodities, it marked a moment many households have been waiting for—not slogans, not projections, but relief that can be felt at the till.

From mealie meal and sugar to cooking oil, bread, and soya products, the reductions signal that the long-argued link between sound macroeconomic management and everyday prices is finally being honoured.

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The figures speak clearly. Mealie meal from Delicious Milling has dropped by about 13.3 percent, from K300 to K260. Zambia Sugar is down by five percent. Agogo bread from Granny’s Bakery has fallen by six percent, while Mount Meru cooking oil has been reduced by a notable 15 percent. Other staples, including Seba Soya Pieces and Nutra Milk produced by 260 Brands, have seen reductions of up to 19 percent. Even industrial inputs such as irrigation pipes by Dripking are cheaper by five percent. These are not symbolic discounts; they are meaningful cuts that directly affect household budgets and productive activity alike.

ZAM’s decision followed a call by Commerce, Trade and Industry Minister Chipoka Mulenga for manufacturers and traders to pass on the benefits of the appreciating of the local currency, the Kwacha to consumers. That call was not made in a vacuum. It came against the backdrop of a strengthening currency, easing inflationary pressures, and a government that has consistently argued that improved fundamentals must translate into lower prices. ZAM has responded, and the country should acknowledge that leadership.

Crucially, this development did not happen by chance. The appreciation of the Kwacha has been underpinned by disciplined fiscal management, renewed confidence from cooperating partners, debt restructuring progress, and a clear commitment to transparency and good governance under President Hakainde Hichilema and the UPND administration. When markets trust policy, currencies respond. When currencies stabilise and strengthen, import costs fall. When costs fall, prices can—and should—come down. This is Economics 101, but it requires political will and policy consistency to make it real.

The price reductions come alongside other tangible gains that Zambians are experiencing. Fuel prices have eased, offering relief across the economy, from transport and logistics to food distribution. ZESCO has increased power supply hours, restoring predictability to households and businesses that depend on electricity to function. These improvements matter. They lower operating costs, boost productivity, and reduce the hidden taxes that power cuts and expensive fuel impose on the poor.

What more can the naysayers say? For years, critics insisted that reforms would only benefit elites, that currency appreciation was meaningless to the ordinary citizen, and that promises of relief would never materialise. Yet here we are, with manufacturers publicly cutting prices, fuel easing, and power supply improving. Unless one does not live in Zambia—or chooses not to see—the changes are evident.

Economic recovery is a process, not an event. But progress should be measured honestly, and where gains appear, they should be recognised.

ZAM’s move also throws down a gauntlet to wholesalers and retailers. If prices have come down at the factory gate, they must come down at the shop counter. Any trader who withholds these reductions is not being clever; they are undermining consumer trust and slowing the transmission of recovery. Government, consumer protection agencies and citizens alike have a role to play in ensuring that the benefits are not trapped in the middle of the supply chain.

More broadly, this moment illustrates what good governance looks like in practice. It is not about grandstanding; it is about creating conditions where the private sector responds positively to policy signals and where citizens feel the impact of reforms in their daily lives. President Hakainde Hichilema’s administration has prioritised stability, credibility, and accountability. Those choices are now bearing fruit.

The applause for ZAM is, therefore, also an endorsement of a policy direction that insists on shared gains. An economy cannot be considered healthy if growth bypasses the majority. By aligning profitability with responsibility, manufacturers are helping to rebuild trust between producers and consumers, and between policy and practice.

Zambia needs more of this—more responsiveness, more honesty, and more courage to do the right thing when conditions improve. As mealie meal, sugar and cooking oil prices fall, as fuel becomes more affordable and power more reliable, the narrative must shift from cynicism to evidence. The evidence is on the shelves, in the pumps, and in the light that stays on longer each night. That is progress, and it deserves to be acknowledged.

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