📈Zimbabwe Quadruples Electricity⚡️ Prices Amid Blackouts

  |   Ghana News / Kenya News / Sanews / Nigeria News / Zimbabwe News

Zimbabwe has raised its average electricity tariff by 320 percent to ramp up power supplies at a time of daily blackouts but the move will likely anger consumers already grappling with soaring inflation and stagnant wages.

The southern African country is experiencing its worst economic crisis in 10 years, seen in triple-digit inflation, 18-hour power cuts and shortages of US dollars, medicines and fuel that have evoked the dark days of the 2008 hyperinflation under late President Robert Mugabe.

Wednesday's was the second increase in the price of electricity inside three months and follows sharp rises in fuel and basic goods prices in the last week. Salaries have not kept pace, prompting citizens to blame President Emmerson Mnangagwa's policies for the crisis.

The Zimbabwe Energy Regulatory Authority (ZERA) said it had approved an application by Zimbabwe Electricity Transmission and Distribution Company (ZETDC) to raise the tariff to 162.16 cents ($0.11) from 38.61 cents.

Know more: http://v.duta.us/XEwgygAA

📲 Get Zimbabwe News on Whatsapp 💬