Fri, 19 May 2017 13:06:43 +0000 By BUUMBA CHIMBULU ELECTRICITY might become one of Zambia’s major export commodities owing to the recent tariff adjustments which will attract investment in the sector and in turn grow the economy, the Bank of Zambia has said. The Energy Regulation Board (ERB) recently adjusted electricity tariffs by 50 percent, and 25 percent in July. Central Bank Governor, Denny Kalyalya, said much as tariff adjustments may have a negative impact, it could also lead to Zambia exporting power in the near future as more investments would be attracted into the industry. He said Zambia was currently one of the role models of scaling up solar in the sub-Saharan Africa, saying this was an added advantage of being a possible power major exporter. “Yes, there is a pinch on the other hand that it brings about but on the balance of things, if the sector is to grow we can see […]
