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Zimbabwe faces acute power cuts, rising prices, and the liquidity crunch as they brace up for the festival season. Frequent power cuts are due to low generation at Kariba Power Station because of the low water levels coupled with the underperformance of the country’s thermal power stations, which are getting overaged leading to frequent shutdowns
Zimbabwe faces acute power cuts, rising prices, and the liquidity crunch as they brace up for the festival season. Frequent power cuts are due to low generation at Kariba Power Station because of the low water levels coupled with the underperformance of the country’s thermal power stations, which are getting overaged leading to frequent shutdowns.
Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu said that the festive period mood has been dampened by the current power challenges. Power cuts are affecting civic life. In the retail sector, shops are incurring more costs as they are sourcing power from alternative points, which is costly.
Power outages have also affected the manufacturing sector, creating disruptions in the value chain.
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The country’s cost of living for a family of six rose 6% to ZWL$290 000 in October 2022 from ZWL$274 858.75 in August following price hikes. The increase in electricity tariffs coupled with incessant power cuts were the major cost drivers in the increase of prices for various commodities.
