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…
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…
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…
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…
The power failure that has crippled half of Zambia has entered its fourth day, piling more misery on farmers, especially poultry farmers. "Our engineers who have mobilised immediately to restore supply have revealed that the damage to the transmission line is quite extensive. However, they are working round the clock…
Poultry farmers in parts of Zambia are reeling from colossal losses following a power outage in at least five provinces that lasted more than 48-hours. "I lost more than 800 eggs for guinea fowls. It is 48 hours already and there is still no sign of power,” lamented Humphrey Milanzi,…
