By NATION REPORTER
THE Zambia Association of Manufacturers (ZAM) has said the load-shedding and a fluctuating exchange rate the country is going through have forced manufacturers to reduce their production capacity due to the lack of a critical input in the production process.
Fronscen Haloba, the ZAM vice president says Zambia is undergoing a challenging period, influenced by external factors such as climate change, which have negatively impacted the manufacturing sector.
She said the challenges have made it extremely difficult for industry players to operate efficiently, thereby reducing the production capacity of many manufacturing companies.
Mrs Haloba said the manufacturing sector had also been significantly affected by other factors such as the current electricity disruptions due to reduced electricity generation from low water levels. She was speaking during the 2024 pre-budget meeting at Intercontinental Hotel, Lusaka organised by ZAM. CLICK HERE TO READ MORE
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