Zimbabwe electricity price shoots up by 320%

By on

A worker checks a furnace used to produce wall plaster as the Plaster Centre plant is forced to run at night to avoid 18-hour daily power cuts in Harare, Zimbabwe, July 25, 2019. REUTERS/Philimon Bulawayo

Zimbabwe’s power regulator has increased the average electricity price by 320%.

The decision was taken to allow it to ramp up production and improve supplies amid daily power cuts.

Essentially, the electricity company needs more money to pay for things like diesel to power the generators.

Zimbabwe is grappling with the worst economic crisis since the 2017 coup which unseated President Robert Mugabe.

The increase in electricity prices – the second in the past three months – has angered Zimbabweans who are already struggling with sharp increases in the prices of fuel and basic goods.

The government says rolling power outages, which last up to 18 hours a day, have affected mines, factories and households.

It says the power shortages, combined with a devastating drought, mean Zimbabwe’s struggling economy is set to shrink this year.

ABOUT: Nana Kwesi Coomson

[email protected]

An Entrepreneur, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). In 2015, he won a £35,000 postgraduate scholarship to study MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

view all posts by: Nana Kwesi Coomson  

Leave a Reply

Your email address will not be published. Required fields are marked *

ABOUT 233TIMES

233times.com is a Ghanaian media house which serves as a major source of exclusive interviews ,music and video downloads, news and more.

233times.com reports on major events,news covering entertainment, politics, sports, etc from within Ghana, Africa and beyond.

We have a platform for the amateur artistes to portray their staggering talents ...more...

WE ON SOCIAL MEDIA. FOLLOW US

facebook twitter youtube google plus linkedIn

To advertise with us or make enquiries, please visit 233times.com/advertise or call +233266121799 (Selorm), +233248185848 (Nana Kwesi)