NEWS

Energy price hikes hit Zambian poultry farmers

Zambia’s state-run power company, Zambia Electricity Supply Corporation (Zesco), is hiking prices by 75%.

A 50% rise has already happened, and in September a further 25% increase is planned.

The government’s argument is that it will make the sector attractive for investment and create up to a million jobs. But it is also having a devastating effect on certain parts of the economy – in particular, poultry farmers.

From the capital Lusaka, the BBC’s Kennedy Gondwe reports for Africa Business Report.

Article source: http://www.bbc.co.uk/news/business-40900582

jaapschaap

August 11th, 2017

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