Zambia: Fuel price rise seen as power imports hit kwacha


Issue 406 - 19 Dec 2019 | 1 minute read

Zambian authorities say they expect to lift fuel pump prices after a fall in the value of the kwacha currency following the start of electricity imports from Eskom. The kwacha has come under pressure after the government announced that it had paid South Africa $27m to import 300MW of emergency power to cushion power outages caused by drought. The kwacha depreciated by 5.6% against the US dollar in November, and on a year-to-year basis it has fallen by 17.6%.

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