The makers of Kamba puffs, Coconut Cookies, Nyika among other famous snacks and drinks, have announced that prices for their products will be adjusted upwards. The adjustment has been detailed in a statement released recently, signed by Universal Industries Managing Director Taufiq Kasmani.
According to the notice, the price increment is due to the recent devaluation of the Malawi Kwacha (MK), making imported raw materials expensive, among other factors. In order to keep its products on the market, the snack giant has resolved to up its prices, as the statement reads, “A price increase is thus not taken lightly, it is very carefully considered. The impending price increase has therefore been necessitated by our strong commitment to remain in business with you by producing and supplying you with our top quality products,”
A detailed shows that customers must expect price increments from Universal’s Beverages, Savoury Snacks and Biscuits, with effect from 1st July 2019.