The COVID-19 outbreak presents an opportunity for manufacturing firms to leverage local and regional value chains.
— Florence Muleya
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Looking ahead, the sector requires a new strategy and a fresh approach to navigate the current turbulent economic waters.
Firstly, despite its abundant raw materials, the country lacks the capital equipment and other inputs needed to process and add value to these resources.
We hope ZESCO will reconsider and engage our local manufacturers in the sealed bids," stated the ZAM CEO.
Secondly, the optimal balance between industrial, trade, and tax policies has yet to be achieved, creating uncertainty in the domestic economy, particularly in the manufacturing sector.
This decision disadvantaged local companies capable of meeting procurement demands. "In fact, one of our members, a long-time supplier of treated wooden electrical poles to ZESCO, has an installed plant capacity of 60,000 poles."
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