Energy and Power Development Minister Dr Samuel Undenge dropped a bombshell when he told Senate recently that he was contemplating hiking power tariffs. Dr Undenge's proposal to hike electricity charges comes after the Zimbabwe Energy Regulatory Authority (ZERA) rejected a similar proposal from the Zimbabwe Electricity Transmission and Distribution Company (ZETDC). ZERA's argument for the rejection holds water, one of which is the need to complement Government efforts of reducing the cost of doing business.
Indeed, utilities such as electricity -- its cost and availability -- are some of the key factors that investors consider before investing in a country.
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