Zambia’s Mines Should Pay More for Electricity – World Bank

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Zambia should charge higher electricity tariffs for its mines to attract investment in power generation, the World Bank said on Wednesday, a move that would be unpopular with mining firms that consume 55% of power in Africa’s second-largest copper producer.

Zambia also needs to strengthen its fiscal position to restore confidence in its economy which is expected to grow less than four% next year before expanding 5% to 6% in 2017, World Bank senior economist Gregory Smith said.

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