BMI View: We will continue to see a recovery in Zambia's food and drink sector in 2017, although lowincome levels and high income inequality will dampen overall sales growth. Inflation looks set to remaincomfortably within the Bank of Zambia's target rate of 6.00-8.00% and together with a brighter outlook foremployment, consumer spending power will continue to improve.
Latest Updates And Industry Developments
Food sales (local currency) will grow by 8.6% in 2017 and at a compound annual growth rate (CAGR) of10.7% over 2016-2021.
Alcoholic drinks consumption (litres) will grow by 2.6% in 2017 and at a CAGR of 2.7% from 2016 to2021.