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The Zambia National Marketeers Credit Association (ZANAMACA) has raised concerns over the growing influx of foreign traders, warning that it was adversely affecting local businesses.
ZANAMACA President, Mupila Kameya, said recent trends in foreign investment reveal alarming patterns that threaten the backbone of the country’s economy.
In a statement shared with Zambia Monitor on Sunday, Kameya said foreign traders have increasingly monopolised both the wholesale and retail sectors, putting smaller Zambian businesses at a disadvantage.
“This monopolisation not only stifles competition but also impedes the growth and sustainability of local enterprises, which are crucial for job creation and economic stability in our communities,” he said.
He warned that if left unchecked, this trend could significantly harm the country’s economy, leading to higher unemployment and a decline in local production.
“It is essential to clarify: we do not oppose foreign trade—we recognize its value. However, we advocate for an equitable sharing of business opportunities that allows all players, both local and foreign, to thrive,” Kameya said.
He added that every trader deserved a fair chance to contribute to the economy without facing monopolistic pressures.
Kameya urged the government of President Hakainde Hichilema to implement measures that ensured a balanced business environment.
“We seek policies that safeguard small traders, foster competition, and encourage local entrepreneurship,” he said, emphasising the need for timely government action.
“Together, let us work towards a fair and sustainable trading environment that benefits all Zambians,” Kameya added.
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