Zambia’s largest brewer and AB InBev owned Zambian Breweries (ZB) which boast of brands such as Mosi and trades in flavoured Alcoholic Beverages (FABs) such as Brutal Fruit and other high-end products alcoholic beverages has posted a second consecutive year of financial losses at both operating and net levels.According to financial statements seen by the Zambian Business Times – ZBT, the brewer’s “Cost of goods sold increased by 32% (2023 35%) versus prior year, driven by increases in raw materials, energy prices and finished goods imports. The input price increases were due to widespread electricity shortages, high inflation and exchange...
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