August 1, 2019 / 1:43 PM / 22 days ago

Zimbabwe hikes electricity tariffs with immediate effect

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

HARARE (Reuters) - Zimbabwe has hiked electricity tariffs with immediate effect, Finance Minister Mthuli Ncube said on Thursday, amid severe power cuts that have crippled the already fragile economy.

Ncube said domestic consumers’ electricity tariff will now average 3 US cents per kilowatt/hour from 1 US cents. The tariff for non exporting businesses would average 5 US cents per kilowatt/hour.

Foreign currency earners will be paying for electricity in U.S. dollars, Ncube said.

Reporting by MacDonald Dzirutwe; Writing by Olivia Kumwenda-Mtambo, Editing by Alexandra Hudson

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