The Zambia Consumer Association (ZACA) has welcomed the recent appreciation of the Kwacha, stating that the stronger local currency should lead to a reduction in the prices of imported goods, fuel, transport, and other essential commodities that directly impact the cost of living for Zambians.
In a statement released on Sunday, ZACA Executive Secretary Juba Sakala praised the local currency’s steady gain, noting its appreciation from K26.45 to approximately K24.30 against the US Dollar as a significant and positive macroeconomic development.
“The Zambia Consumer Association (ZACA) welcomes the recent appreciation of the Kwacha against the US Dollar from K26.45 to approximately K24.30 as a positive macroeconomic development. This trend, if sustained, should signal lower prices for imported goods, fuel, transport, and essential commodities that directly impact the cost of living for ordinary Zambians,” said Sakala.
He emphasized that the appreciation should not only be seen as an indicator of economic stability but also as a tangible benefit for consumers, who have been grappling with high prices in recent months. Sakala urged importers, retailers, and service providers to adjust their prices downward in response to the improved exchange rate.
ZACA further called on regulatory bodies and the government to closely monitor the pricing of goods and services to ensure that the positive gains from the currency appreciation are passed on to consumers.
“If the current trend is maintained, we expect to see reduced prices in the market, especially on essential imports such as fuel and medicines, as well as lower transport costs. These reductions would offer much-needed relief to households across the country,” Sakala added.
The association has also encouraged the government to implement measures that will maintain the strength of the Kwacha, such as improving export performance, boosting investor confidence, and maintaining fiscal discipline.
The recent performance of the Kwacha has been attributed to improved foreign exchange inflows, strengthened investor sentiment, and supportive monetary policies by the Bank of Zambia. Analysts believe that if the trend continues, it could mark a turning point in Zambia’s ongoing efforts to stabilize its economy and reduce inflationary pressures.
ZACA’s statement reflects growing public hope that macroeconomic gains will begin to ease the financial burden on Zambian families, especially in an environment where affordability of basic goods remains a pressing concern.