Melo News | Tuesday, October 1, 2024 | Lusaka
Zambia’s Finance and National Planning Minister, Situmbeko Musokotwane, has pointed out that the ongoing energy crisis in the country stems from the public’s reluctance to accept electricity tariffs that reflect actual costs.
Speaking at the Deloitte & Touche Budget Breakfast Meeting in Lusaka, Dr. Musokotwane acknowledged that while many neighboring countries are grappling with similar energy issues, the potential to import limited quantities of power exists; however, the associated costs pose a significant obstacle.
He emphasized the necessity of raising electricity tariffs and mentioned that the government is considering the implementation of lifeline tariffs, which would help regulate how much consumers pay for their electricity usage.
Additionally, during the same event, Economist Dr. Patrick Chileshe highlighted that the anticipated positive trends in global economic growth bode well for Zambia, particularly in terms of copper exports, which are currently commanding favorable prices in the market.
Dr. Chileshe also noted that despite facing challenges related to low productivity, the agricultural sector remains a crucial area for economic recovery, offering potential for growth beyond the mining industry.
