01/08/2026
HICHILEMA URGES BUSINESSES TO PASS ECONOMIC GAINS TO CITIZENS
Julius Musonda
President Hakainde Hichilema has called on the business community to reflect improvements in Zambia’s economic fundamentals in consumer prices.
In a statement issued to Pleiades News by State House Chief Communications Specialist Clayson Hamasaka, the President noted that inflation has reduced, the kwacha has remained stable, the country has recorded a bumper harvest, electricity supply has been stable, and the price of petroleum products has continued to fall.
The President said the gains have been achieved through the hard work of Zambians and the disciplined management of the economy by Government.
He, however, observed that the improvements have been slow to reach prices in shops, markets, and transport.
“Where the cost of doing business falls, the cost of living should follow,” the statement read.
President Hichilema reaffirmed that Zambia will remain a free market economy, adding that the system has attracted investment driving the recovery. He said a free market carries responsibilities as well as freedoms and expressed confidence that businesses will reflect the improved fundamentals in their pricing as a matter of good corporate citizenship.
The President also said the implementation of the 24-hour economy is expected to raise productivity across all sectors and further ease the cost of living.
He added that the management of the economy is ongoing Government work that will continue with discipline regardless of season.
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