Economic Report

Zimbabwe quadruples electricity prices

(HARARE) – Zimbabwe hiked its average electricity tariff by 320% on Wednesday to ramp up power supplies at a time of daily blackouts, but the move will anger consumers already grappling with soaring inflation that is eroding their earnings. The southern African nation is experiencing its worst economic crisis in a decade, seen in triple-digit […]

Business

Nigeria rolls out more electricity meters

Nigeria has resolved to roll out electricity meters with the involvement of local producers for mass production. “We plan to roll out meters, and we must,” the Minister of Power, Works and Housing, Mr Babatunde Fashola , said. Fashola said the Federal Government had concluded plans to involve more Nigerians in meter manufacturing. The minister […]