Zimbabwe government hikes electricity tariffs by up to 500%
The country is without electricity for up to 18 hours a day, and the hike is expected to further push up inflation
01 August 2019 - 18:58
Harare — On Thursday, the Zimbabwean government increased electricity tariffs by between 300% and 500% and said the cash-strapped country will stop announcing year-on-year inflation figures until February next year.
Zimbabwe is reeling from severe power cuts of up to 18 hours a day, leading to company closures and reduced production for commodities earmarked for exports...
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