Zimbabwe quadruples electricity prices to fund power investment

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve…

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday. Power cuts lasting up to 18 hours have hit mines, industry and homes and, together with a devastating drought, have been cited by the treasury as among the main reasons why the economy is set to contract by up to 6% this year.

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