ZESA TO HIKE POWER TARIFFS

ZIMBABWE’S power utility is considering increasing electricity tariffs by as much as 30% to reflect the rise in production costs following the devaluation of the local currency last month. Monetary authorities in the southern African nation removed the 1:1 peg set against the greenback, allowing a managed float of the local currency. Tariffs are currently priced at 9,38 cents per kilowatt