Sat, 21 Jan 2017 14:25:30 +0000 By BUUMBA CHIMBULU GOVERNEMNT should stop financing ZESCO’s major investments which today stand at K550 million from 2012 to give the parastatal chance to stand on its own feet, says Zambia Institute for Policy Analysis (ZIPAR) executive director Pamela Kabaso. Dr. Kabaso said the move would allow the parastatal to raise its own funds through cost reflective tariffs. ZIPAR executive director Pamela Kabaso said Government was currently spending colossal sums of money on financing ZESCO’s investment cost when the company could raise its own funding through a cost reflective tariff. Dr. Kabaso told the parliamentary committee on budgetary implications of agriculture, fuel and electricity subsidies that the money Government was spending on ZESCO could be used on other needy areas such as education and health. “During the 1st and 2nd republics, Government had a policy of providing cheap electricity which was viewed as a driver of economic activities. This […]
