Biz & Corporate

Fuel hike hurting manufacturing sector – ZAM


THE Zambia Association of Manufacturers (ZAM) has complained that the sharp rise in the fuel pump prices is likely to negatively affect the growth manufacturing sector.

Ashu Sagar, the president of ZAM says the rise in fuel pump prices is affecting the sector because the distribution costs have would have to increase sharply as a result of increase in not only production costs but distribution.

According to Muntanga Lindunda, the ZAM chief executive officer, Mr Sagar said manufacturers would have no option but to pass on the burden to consumers who would in turn have less CLICK TO READ MORE


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