ZAMBIAN BREWERIES COMMENDS GOVERNMENT ON 2022 BUDGET
Beverage, Zambian Breweries
As maiden ‘New Dawn Government’ hints at increased regulation of the alcohol industry…
LUSAKA, ZAMBIA – Zambian Breweries has commended the government for expressing strong political will towards growing the local manufacturing sector through import tax adjustments and taking a step in bringing sanity to the local alcohol sector through increased regulation of unpackaged beer in its maiden national Budget presentation.
Zambia’s largest brewer has described the 2022 budget as generally ‘pro-business’, adding that the pronouncements made in the document – especially regarding the manufacturing sector – could serve as a timely launchpad for local businesses to participate in the country’s industrialisation agenda.
The reduction in corporate income tax from 35 percent to 30 percent was particularly commended.
“The revised tax rate, though marginal, is commendable and will spur investment, which in turn will increase production and have a knock-on effect in terms of employment for businesses across the country. It will also boost purchases from suppliers and create more business for distributors and retails. It’s a win-win all round,” said Zambian Breweries country director Michelle Kilpin.
“We are also encouraged by government’s move to adjust specific excise duty on unpackaged opaque beer and this will help improve hygiene standards in the largely unregulated sector. This push towards regulating this part of the local alcohol sector will benefit consumers as brewers will be forced to use standard packaging materials to qualify for a lower tax bracket.”
Zambia’s largest brewer has described the 2022 budget as generally ‘pro-business’.
ZB commends government for expressing strong political will towards growing the local manufacturing sector through import tax adjustments and taking a step in bringing sanity to the local alcohol sector through increased regulations.
About AB InBev in Zambia
Zambian Breweries Plc is part of Anheuser-Busch InBev (AB InBev), the largest brewer in the world, with more than 400 beer brands and some 200,000 employees in over 50 countries. It is also one of the world’s largest bottlers of soft drinks.
Zambian Breweries was established in Zambia in 1968 and its product range has grown to include clear beers such as Mosi Lager, Castle, Carling Black Label, Eagle beer, Stella Artois and Budweiser.
(Visited 53 times, 1 visits today)

Sharing is caring!

The information contained on this website is for general information purposes only. While we endeavour to keep the information as accurate as possible, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or subject companies or matters contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
 right-arrow   right-arrow