The Zambia National Marketeers Credit Association (ZANAMACA) has welcomed the price reduction of commodities by some manufacturers.
Reacting to the recent announcement by the Zambia Association of Manufacturers (ZAM) that more than 30 of its members have reduced product prices in response to a call from Minister of Commerce, Trade and Industry, Chipoka Mulenga, ZANAMACA President Mupila Kameya said the move taken by some manufacturers to reduce commodity prices is commendable.
Mr Kameya said as an association, they are pleased with the reduction of prices for commodities.
He told the media in a phone interview that the price reduction will benefit most of its members who are in the informal sector.
Mr Kameya further highlighted that the price reduction in commodities will relieve most families from exorbitant pricing.
He stated that it was pleasing that the benefits of the economic gains achieved by the United Party for National Development (UPND) administration were being passed on to the community.
Mr Kameya however made a plea to other manufacturers who have not yet reduced the prices of commodities to emulate those who have reduced commodity prices.
He also implored the government to continue working closely with ZAM, in order to ensure that more manufacturers come on board and reduce costs of products.
Earlier, in the week ZAM announced that more than 30 manufacturers had reduced commodity prices.
Among the products that have been reduced include sugar and mealie meal.
