Zambian electricity consumers hit with another tariff hike

Zambia’s power utility company ZESCO today implemented an extra 25% tariff increase as development industry analysts say it will have disastrous consequences in the economy. In May, ZESCO implemented a 50% price increase, after the Energy Regulation Board approved a two-phased tariff adjustment of 75%. The company says cost-reflective power…

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Zambian farmers angry over electricity price hike

Zambian farmers say the approval of the electricity price hike of 75% by the country’s energy regulator will spell doom for the agriculture sector. The ERB acting board chairperson yesterday announced that the power tariff adjustment applied to all consumer categories, excluding mines, where negotiations are continuing with the national…

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‘75% power hike will cripple agriculture’ – financial expert

A financial expert warns the proposed 75% power hike by the national power company ZESCO will cripple the agriculture sector. Financial analyst and management expert Richard Mbewe says the increase in power tariffs will trigger galloping inflation. “Everything that involves electricity, including agriculture, will see price increases. With everything going…

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‘Hefty power hike will escalate mealie-meal prices’ – millers

A massive proposed price hike by the national power company Zesco, will further escalate mealie-meal prices, says the Millers Association of Zambia (MAZ). Andrew Chintala, MAZ president, said ZESCO’s proposed 75% increase will ultimately result in astronomical prices for mealie-meal. “The moment electricity goes up, there will be an increase…

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