ZAMBIA – The Economics Association of Zambia (EAZ) has backed Zambian Breweries Plc efforts to stop illicit unregulated alcohol that is denying the nation more than US$100 million in unpaid annual taxes and duties
Unregulated and illicit alcohol in the country has had
Jose Moran, Zambian Breweries Country Director hailed EAZ efforts in spearheading the fast forward move in the country’s economy by drawing attention to issues and challenges affecting Zambia’s economy.
“Zambian Breweries is a big
We are very hopeful that our relationship with EAZ will help foster a vibrant economy through tackling challenges involving the beer industry, such as illicit alcohol and policies,” Moran said.
According to a study conducted in 2017 in Zambia, about 69% of the alcohol on the market is smuggled or illegally produced subsequently implicating on the government’s revenues.
“Illicit alcohol is something that we see as a problem as we see it as unethical competition. It is very cheap and very harmful to people.
When we go into the communities, we see that a lot of minors consume and abuse this alcohol,” he said.
“Illicit alcohol is something government should tackle immediately. We cannot be losing over US$100 million just through illegal brewing and selling of counterfeit and smuggled alcohol.
Not only does
EAZ and Zambian Breweries will work together to bring awareness
Established in 1968 the brewer has grown its product portfolio to include clear beers such as Mosi Lager, Castle, Carling Black Label, Eagle beer, Stella Artois and Budweiser.